UK Food and Drink Makers Cut Prices for First Time Since 2020
Food and drink manufacturers cut their prices in June for the first time in more than three years, after their own costs continued to fall, according to a survey by Lloyds Banking Group.
Bloomberg Business
Adani’s Go-To Bankers at Barclays Turn Cautious After Hindenburg
For more than a decade, Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a few global firms were working with the emerging conglomerate.
Harrods to Open First Private China Club Catering to Ultra-Rich
Iconic London department store Harrods will open a new private members club in Shanghai, the first of its kind outside the UK, in a bid to tap resilient demand from ultra-wealthy Chinese amid a slowing recovery in consumption.
Trader Bets $40 Million That Meta’s 158% Rally to Keep Going
An options trader wagered $40 million that Meta Platforms, Inc.’s 158% rally this year has plenty of room to run.
Manager at $880 Billion Fund Is Shorting Japan’s Key Bond In BOJ Bet
Brendan Murphy is shorting 10-year Japanese government bond futures on a wager that it’s only a matter of time before the nation’s central bank tightens monetary policy.
Congressmen to EPA: Don’t Trust Texas to Run Carbon Storage
Two Texas Congressmen are urging the Environmental Protection Agency to reject their state’s effort to oversee underground carbon storage and are calling for an investigation, arguing local regulators can’t be trusted to protect the public.
Coinbase CEO Brian Armstrong Set to Meet With House Democrats
Coinbase Inc. Chief Executive Officer Brian Armstrong will meet with House Democrats behind closed doors Wednesday morning, according to Democratic aides familiar with the plans.
Shale Oil Production in US Set to Decline From July Peak, EIA Says
Shale oil production, which has revolutionized the energy industry and transformed the US economy, will stop growing in August, according to a government report.
Japan’s World Cup Team Struggles to Gain Respect at Home
The head of Japan’s professional female football league said support for women’s sports still lags behind other countries, even as global interest is rising.
Schwarzenegger Came to Washington to Talk Climate Change With McCarthy, White House
Former California Governor Arnold Schwarzenegger met top Republicans, including House Speaker Kevin McCarthy, and pushed them to do a better job of talking about about climate-change policy amid a summer of record-breaking heat waves and wildfires, according to people familiar with the matter.
