Ukraine Recap: Russian Defense Chief Plays Down Impact of Mutiny
Russian Defense Minister Sergei Shoigu said last month’s attempted mutiny by Wagner mercenaries failed because the country’s armed forces “remained true to their oath.”
Bloomberg Business
BlackRock’s Bitcoin ETF Application Is Refiled by Nasdaq to SEC
BlackRock Inc. has refiled paperwork with US regulators through Nasdaq to add new details to its proposal for a exchange-traded fund that invests directly in Bitcoin.
World’s Top Sugar Trader Alvean Names Mauro Angelo as New CEO
The world’s largest sugar trader, Alvean, is replacing its top executive as part of a planned transition that had been delayed by the pandemic.
PGA Tour Officials to Testify on LIV Golf Merger at Senate Hearing Next Week
PGA Tour Chief Operating Officer Ron Price and board member Jimmy Dunne are set to testify on July 11 before a US Senate panel about the circuit’s surprise merger with Saudi-owned LIV Golf.
NFT Prices Slump as Popular Collection Tumbles Following Debut
The nonfungible-token market witnessed a dramatic selloff over the last week, as prices of major collections tumbled amid growing investor doubts over just on how valuable NFTs should be.
Crypto Miners Are Selling Despite Rebound in Prices
Bitcoin miners, many of whom have traditionally held onto the cryptocurrency after creating the digital assets, have been selling the tokens during the current rise in prices.
TikTok Media Are Gaining Subscribers From French Riots
Video footage of the riots in France were hugely popular on social media last week as unrest spread throughout the country, leading French President Emmanuel Macron to blame TikTok, Snapchat and other apps for fueling violence.
Saudis and Russia Extend Oil Supply Cuts to Prop Up Market
Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply amid persisting fears over the global economy. Its OPEC+ ally Russia also announced fresh curbs on exports.
France Plans to Keep Massive Police Presence to Quell Riots
French authorities will maintain a massive police deployment overnight in an effort to ensure a continued drop in the unrest that has hit the country for the past week.
Apple Cuts Vision Pro Goals After Production Issues, FT Says
Apple Inc. is slashing production targets for its Vision Pro headset because manufacturers are struggling with the novel gadget’s complex design, the Financial Times reported.
