US Industrial Production Decreased in June for a Second Month
US industrial production fell last month in a broad retreat, reflecting a decline in manufacturing output against a backdrop of uneven goods demand.
Bloomberg Business
BofA Leans on Wall Street, Not Main Street, for Strong Earnings
Bank of America Corp.’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations.
Disney Pins Hopes for Stock Recovery on More Iger
The second coming of Walt Disney Co.’s Bob Iger has been extended given the challenges he faces — particularly when it comes to restoring the stock market magic of his first tenure.
US Retail Sales Edge Higher as Key Metric Shows Resilient Demand
US retail sales rose by less than forecast, while an underlying measure of household spending pointed to a more resilient consumer at the end of the second quarter.
Ford Takes $3.6 Billion Hit for Following the Tesla Playbook
Both companies are lowering EV prices as they ramp up production.
EU Carbon Import Tax Shifts Climate Burden, South Africa Says
The European Union’s plan to put a carbon levy on imported goods from outside the bloc is an attempt to shift the burden for climate action to developing countries and may contravene World Trade Organization rules, South Africa said.
EU Puts ESG Laggards on Notice Amid Investing ‘Revolution’
Firms that fail to take ESG seriously face a bleak future in the European Union, as the bloc pushes ahead with the world’s most ambitious set of environmental, social and governance regulations.
Starwood Defaults on $212.5 Million Atlanta Office Mortgage
Barry Sternlicht’s Starwood Capital Group is in default on a $212.5 million mortgage backed by an Atlanta office tower, another sign of mounting distress in US commercial real estate.
GOP Seeks Interviews With SEC Chiefs on ESG and Europe
Two prominent Republican lawmakers are seeking interviews with current and former top US Securities and Exchange Commission officials about any Biden administration involvement in European Union environmental, social and governance directives.
Ukraine Plea to Keep Grain Moving Clashes With Shippers’ Reality
Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure.
