Australia Treasurer Expects Unemployment Rise as Inflation Eases
Australian Treasurer Jim Chalmers said he expects a substantial economic slowdown and for unemployment to pick up as inflation eases.
Bloomberg Business
Miami’s Suarez Raises $1 Million in White House Bid
Miami Mayor Francis Suarez raised nearly $1 million in the first two weeks of his campaign for the presidency, but the real strength in his bid is in the more than $12 million generated by two super political action committees supporting his candidacy.
Harlan Crow, Other Billionaires Donate to DeSantis Campaign
Florida Governor Ron DeSantis’s campaign can count billionaire real estate developer Harlan Crow among a list of wealthy donors who are supporting his campaign.
United, Pilots Agree in Principle to New Labor Deal
United Airlines Holdings Inc. and its pilots’ union reached in principle a new labor agreement that is the richest ever at a US carrier, ending more than four years of negotiations.
Messi Signs With Inter Miami in Watershed Deal for US Soccer
Lionel Messi finalized his deal to join Inter Miami, signing a multi-million-dollar contract that soccer fans hope will mark a turning point in the US for the world’s most popular sport.
Libya’s Sharara Oil Field Resumes Production as Protests End
Libya’s Sharara oil field is gradually resuming production after protesters that shut the facility earlier this week left, a person familiar with the matter said.
BlackRock’s Rieder Says US Doesn’t Have to Fall Into Recession
Many on Wall Street have been warning of a recession for more than a year now. But there’s no reason a country like the US even needs to experience an economic downturn, according to BlackRock Inc.’s Rick Rieder.
China’s Murky Debt Corner Faces Funding Squeeze
The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around.
History Says It’s Time to Buy Long-Term Bonds as Peak Rates Near
Investors loading up on long-term bonds have history at their back.
Canadian Wildfires Burn a Record 25 Million Acres With No End in Sight
Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon.
