Germany’s Economy Will Flatline in 2023, BDI Chief Tells FAZ
Germany’s economy will probably stagnate this year, according to the BDI Federation of German Industries, which told Frankfurter Allgemeine Sonntagszeitung that it cut its outlook.
Bloomberg Business
Huawei Protests EU Guideline That Aims to Phase It Out as Vendor
Huawei Technologies Co. Ltd. said the European Commission’s call to recommend excluding its advanced wireless equipment in the European Union market was based on “discriminatory judgments.”
Australia to Spend $1.4 Billion to Address Housing Affordability
Australia will invest A$2 billion ($1.4 billion) to build thousands of government-subsidized homes across the country, Prime Minister Anthony Albanese said, a move that will help resolve a housing supply crunch that is being blamed for resurgent property prices.
Stellantis Limits Gasoline-Car Sales Over California Rules
Stellantis NV, owner of the Jeep and Ram brands, is restricting sales of gasoline-powered vehicles in 14 states to comply with stricter emissions standards in California and 13 other states that have adopted similar rules.
Hedge Funds Could Bet $100 Million on US Election in Kalshi Plan
Hedge funds and other major Wall Street firms could soon get to bet as much as $100 million on which US political party will control Congress under a new plan from Kalshi Inc.
S&P 500 Halts Winning Run With Big Options Test: Markets Wrap
A seemingly unstoppable stock rally fueled by Wall Street’s obsession over anything related to artificial intelligence faltered on Friday, with the market facing the test of a massive options expiration.
Fed Officials Say Rates May Need to Go Higher to Tame Inflation
Two Federal Reserve officials said the central bank may have to raise interest rates further to tame price pressures that in some sectors aren’t showing much sign of easing.
Fed’s Goolsbee Likens Rate Pause to ‘Reconnaissance’ on Policy Impact
Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank needed to pause interest-rate increases to be able to better assess conflicting economic data.
Subway Suitors Weigh $3 Billion Securitization to Fund Buyout
Private equity firms vying for Subway are contemplating a type of financing known as a whole-business securitization to help finance a potential acquisition of the sandwich chain, according to people with knowledge of the matter.
Mallinckrodt Gets Extension on $200 Million Opioid Payment Deadline
Mallinckrodt Plc struck a deal to delay a $200 million opioid settlement payment originally due Friday as it continues evaluating options to restructure its balance sheet.
