Bloomberg Business

Bawag Slumps After Short Seller Petrus Urges Halt to Payouts

Bawag Group AG slumped the most in three years after activist investor Petrus Advisers disclosed a short position in the Austrian lender and raised questions about its deposit base, US real estate exposure and loans to management.

Fed’s Preferred Inflation Measures Cool, Spending Stalls (Video)

The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed. Consumer spending, adjusted for prices, was little changed after a downwardly revised 0.2% gain in April. Mike McKee breaks down the data on “Bloomberg Surveillance.”

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