Nasdaq 100 Is Partying Like It’s 1999
The Nasdaq 100 Index is reliving the glory days of 1998 and 1999.
Bloomberg Business
Israel’s Inflation Slows More Than Expected After Rate Hikes
Inflation in Israel slowed more than expected last month following a record run of interest-rate hikes from the central bank, potentially providing a boost to the shekel.
Worst American City for Pensions Confronts a $35 Billion Crisis
One of Brandon Johnson’s first moves as Chicago mayor was to buy himself time to address the city’s biggest financial problem: the more than $35 billion owed to its pension funds.
Passport, Money, AirTag? Why Luggage Woes Are Back
More travelers have trackers this summer, pressuring airlines to keep up.
Geopolitical Wrangling Seen Shadowing India’s G-20 Finance Meeting
The most important takeaway from next week’s gathering of finance chiefs from the world’s biggest developed and emerging economies won’t be on the official agenda: who’s gaining in the battle for global influence between the US and its allies on one side and China and Russia on the other.
Artificial Sweetener Aspartame Is ‘Possibly’ Carcinogenic, Yet Safe at Common Use Levels, WHO Says
Debates over aspartame’s safety sprung up after a World Health Organization unit classified the artificial sweetener as a possible carcinogen while another agency cleared the substance for consumption at common levels.
EU Spars With ECB on Plan to Tax Sanctioned Russian Assets
The European Union sparred with the European Central Bank over plans to use profits from more than €200 billion ($217 billion) in frozen Russian central bank assets to help with Ukraine’s reconstruction, according to people familiar with the matter.
General Atlantic, Goldman Bid $1.7 Billion for Kahoot
A group including General Atlantic and Goldman Sachs Asset Management have bid 17.2 billion kroner ($1.7 billion) in cash for Kahoot! ASA, a Norwegian educational-tech company.
De Beers Deal Is Boon for Botswana’s Economy, President Says
A new deal Botswana signed this month with De Beers will give it access to more diamonds and help it secure 10 billion pula ($762 million) in development funding, President Mokgweetsi Masisi said in an interview.
Owner of Boston Red Sox, Liverpool FC Eyes More Sports Deals
Fenway Sports Group, the parent company of the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins is officially in “growth mode.”
