China-Linked Hacking Group Tied to Attacks on Foreign Ministries
A suspected Chinese hacking group known as “Flea” was behind a recent campaign of attacks on foreign ministries, according to research published on Wednesday.
Bloomberg Business
Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022
Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion.
Home Listings Plummet as High Mortgage Rates Tie Owners Down
The number of homes for sale in the US fell to record low levels in May, according to real estate brokerage Redfin Corp., as high mortgage rates continue to deter people from moving.
Ron Burkle-Controlled Music Manager Merges With Talent Agency
Billionaire investor Ron Burkle is merging his Artist Group International, which represents music stars, with Agency for the Performing Arts, a Hollywood talent agency, to form a new management company for entertainers.
Goldman Sachs Fund Replaces Outside Managers With Internal Quants
Computer-driven algorithms are dethroning external money managers at a Goldman Sachs Group Inc. alternative mutual fund that’s seeking to slash fees and rebuild its dwindling assets.
Lab-Grown Meat Approved for Sale in US
Eat Just Inc. and Upside Foods Inc. have received approvals from the US Department of Agriculture to sell cell-based chicken commercially, the companies announced Wednesday.
Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives
Bitcoin climbed to $30,000 for the first time since April, buoyed by crypto initiatives involving major players from the traditional financial sector.
BOE Seen Boosting Pace of Hikes After Shock Inflation Reading
Traders are betting the Bank of England will have to accelerate the pace of interest-rate hikes to get a handle on inflationary pressures plaguing the economy.
Texas Natural Gas Prices Rally to Three-Month High Amid Heat Wave
Texas spot prices for natural gas strengthened as temperatures above 100F (38C) boosted demand for electricity to run air conditioners across the second most-populous US state.
Equinor Doubles US LNG Purchase With Second Cheniere Accord
Norwegian energy company Equinor ASA is doubling down on its purchases of US liquefied natural gas with a new 15-year deal as the company looks to replace Russian gas supplies.
