Higher Funding Costs Add Stress While Banks Ready Earnings Reports
Investors are zeroing in on key parts of the market for short-term borrowing to determine how higher costs are putting the squeeze on the banking system.
Bloomberg Business
Struggling Olaplex Names Supergoop Head to Replace JuE Wong as CEO
Olaplex Holdings Inc. announced new leadership as the hair-care company struggles to regain its footing amid a lawsuit and sinking share price.
PGA Tour Says It Has Proposals From Other Interested Investors
The PGA Tour, which has a pending deal with Saudi Arabia’s Public Investment Fund, has fielded unsolicited investor proposals, Commissioner Jay Monahan said in an email to players.
US Gives First Iron Dome Interceptors to Israel
The Pentagon has transferred to Israel the first missiles in US inventories for the Iron Dome air-defense system to intercept Hamas rockets, according to a US defense official.
Google Ad Changes Leave Marketers Flying Blind, Expert Says
Alphabet Inc.’s Google quietly made changes to its advertising platform that significantly limits the amount of information marketers have about where their spending is going, according to an expert called on behalf of the federal government in an ongoing antitrust trial against the search giant.
Trump, McCarthy Cast Doubt on Steve Scalise’s Speaker Chances
Republican Steve Scalise’s chances of becoming US House speaker dwindled Thursday after former President Donald Trump and former Speaker Kevin McCarthy cast doubt on his bid.
AccorInvest Seeks to Sell €2 Billion in Hotels to Slash Debt
AccorInvest Group SA, one of the world’s largest hotel owners, has put a series of assets up for sale in Europe and Latin America to reduce its debt, according to people familiar with the matter.
Musk’s X Probed by EU Over Violent Content About Hamas Attack
Elon Musk’s X faces further intense scrutiny in the European Union after regulators demanded answers over concerns about “illegal” and even “terrorist” content on the social media platform.
US Investment-Grade Borrowers Hit $1 Trillion Mark, With More to Come
Blue-chip issuers in the US aren’t slowing down on borrowing, despite recent increases in funding costs.
US and Qatar Will Hold Off Giving Iran $6 Billion in Funds
The US reached an informal understanding with Qatar to hold off distributing $6 billion in oil revenue that Iran was allowed to access under a prisoner exchange, as the Biden administration probes Tehran’s potential involvement in last week’s Hamas attack against Israel.
