Art Basel’s Pre-Fair Jitters Turn to Relief as Sales Remain Solid
The Swiss art fair’s opening day exceeded expectations.
Bloomberg Business
Texas Is Expected to Break The Power-Demand Record as Heat Intensifies This Week
Texas’s fragile power grid will be pushed to the brink in coming days as unusually hot weather grips the second-largest US state.
Kevin McCarthy’s Deal With Republican Rebels Risks US Government Shutdown
The US government faces a greater risk of a shutdown in October following a new budget-cutting deal House Speaker Kevin McCarthy forged to quell a revolt among ultra-conservative Republicans.
France’s Mistral AI Raises $113 Million in Big EU Startup Debut
Mistral AI, a new startup from former DeepMind and Meta Platforms Inc. researchers, has raised €105 million ($113 million) in an initial financing round to become “a new global player” in artificial intelligence, the company said in a statement Tuesday.
Ukraine Recap: US Announces $325 Million in Stingers, Bradleys
The Biden administration announced a new $325 million military assistance package for Ukraine on Tuesday, including Bradley fighting vehicles, Stinger anti-aircraft systems, Stryker armored personnel carriers and Javelin anti-armor systems. The weapons, drawn from US stockpiles, will help Ukraine replace vehicles and munitions that it’s losing as it presses ahead with a counteroffensive aimed at expelling Russian forces.
Putin’s Economic Forum Puts Russia’s Isolation on Display
Vladimir Putin’s annual economic forum in St. Petersburg was a magnet for global politicians and investors until his invasion of Ukraine. Now it’s become a measure of Russia’s deepening isolation.
NJ’s Murphy Urges Federal Officials to Reconsider NYC Toll Plan
New Jersey Governor Phil Murphy is urging the federal government to re-examine New York City’s plan to start charging motorists driving into midtown Manhattan, saying an environmental review of the project is flawed.
BlackRock’s Japan ETF Pulls $1 Billion as Nikkei Rally Powers On
Traders are piling into BlackRock’s Japan-focused ETF at the fastest pace in years as the country’s stock market hits multi-decade highs.
Bitcoin’s Crypto Market Share Will Almost Double, Predicts MicroStrategy’s Saylor
Bitcoin’s dominance of the cryptocurrency markets will nearly double as more investors gravitate to the original digital asset while regulators continue to crack down on the sector, according to MicroStrategy Inc.’s Michael Saylor.
Russia Considering Quitting Ukraine Safe-Corridor Crop Deal, Putin Says
Russia is considering leaving the deal that allows Ukraine to ship grain exports from Black Sea ports, President Vladimir Putin said at a televised meeting.
