Oil Rises as Russian Crude Output Drops, China Signals Stimulus
Oil rose amid indications that Russian crude production is dropping, signaling the market’s supply glut may be coming to an end.
Bloomberg Business
NY Urged to Curb Madison Square Garden Tax Break That’s Cost $1 Billion Since the 1980s
New York’s subsidies for Madison Square Garden, run by billionaire James Dolan, have cost taxpayers nearly $1 billion since the mid 1980s and no longer make economic sense, according to a report from a city budget office.
Microsoft Cleared to Buy Activision in US as UK Pauses Fight
Microsoft Corp. moved two steps closer to finalizing its $69 billion bid for Activision Blizzard Inc., winning a court fight with US regulators as well as an unprecedented reconsideration from the UK for the largest gaming deal ever.
Thousands of Israeli Protesters Descend on Airport in Anger Over Netanyahu Plan
Israelis have taken to the streets en masse to protest the government’s attempt to weaken the power of judges.
Global Oil Market to Tighten in 2023 as US Reverses Forecast
The US expects the global oil market to tighten this year as it reverses its forecast in a move that more closely aligns with bullish estimates by OPEC and the International Energy Agency.
UPS Pushes Back Earnings Date With Strike Threat Looming
United Parcel Service Inc. investors will wait longer than usual to hear from Chief Executive Officer Carol Tomé this quarter as the company works to avoid a harmful worker strike.
Lula Weighs More Cabinet Changes to Cement Congressional Support
Brazil President Luiz Inacio Lula da Silva is mulling handing more cabinet positions to centrist parties in an effort to cement the congressional support that has begun to advance key parts of his legislative agenda.
PGA-LIV Deal Memos Released by Senate Raise Antitrust Flags
A trove of documents detailing how the biggest merger in golf history came together is raising antitrust flags as PGA officials defend their agreement before lawmakers for the first time.
Mentor to ‘Silk Road’ Online Drug Trafficker Gets 20 Years
A Canadian man who mentored drug trafficker Ross William Ulbricht and helped run his Silk Road online marketplace was sentenced Tuesday in New York to 20 years in prison.
AI Startup Alphasense Raising Funds at $2.5 Billion Valuation
Alphasense Inc., a market-research and data firm powered by artificial intelligence, is in the process of raising funding at a $2.5 billion valuation, people familiar with the matter said.
