EU Damps Down British Hopes of Imminent Deal for Car Factories
The European Union is downplaying the chances of a deal with the UK on car factory rules happening any time soon.
Bloomberg Business
Shekel Volatility Bets Jump as Israeli Politics Unnerves Traders
Volatility is creeping back into Israel’s markets on renewed concerns over Prime Minister Benjamin Netanyahu’s plan to weaken the judiciary and its potential impact on investment.
Ralph Lauren Turns More Cautious on Near-Term Outlook, CEO Says
Ralph Lauren Corp. is on track to meet its medium-term targets despite a revenue forecast for the current fiscal year that’s slower than expected, the company’s chief executive officer said in an interview.
Chanel Makes Bigger UK Bet With London Office Expansion Plan
Chanel is more than doubling its London headquarters, boosting a shaky UK economy and signaling confidence in the luxury industry’s prospects as rivals’ shares have wobbled.
US Jobless Claims Tick Up While Prior Weeks Revised Lower
Recent data on applications for US unemployment benefits were revised substantially lower after one state detected a surge in fraud, suggesting the labor market isn’t softening as much as previously thought.
Asset Managers Attack Plan to Force Pensions Into UK Growth Fund
There is mounting opposition among fund managers to proposals to force them to hand over billions of pounds of people’s pensions savings to a fund intended to boost the UK economy.
A Retired Trader Tries to Make It Easier to Hedge Treasury Debt
Investors rely on CME’s futures to manage bond risk, but “it’s not an optimal design.”
Crypto Startup Co-Founded by Sam Altman Raises $115 Million
Tools for Humanity has a plan to scan a lot of eyeballs.
TikTok Is Testing an AI Chatbot Named Tako
TikTok is the latest app to jump on the generative artificial intelligence bandwagon.
First Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bust
First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.
