The Debt-Limit Fight Is Going Down to the Wire. Here’s What to Watch
The debt-limit fight President Joe Biden and Speaker Kevin McCarthy are trying to negotiate boils down to a few key issues.
Bloomberg Business
Regional Banks Rallied Last Week. Traders Continued to Short the Sector
Short sellers increased bets against regional banks last week even as the sector notched one of its best performances in a year.
Mitsotakis Is Breaking Out of the Box Greek Leftists Put Him In
Prime Minister Kyriakos Mitsotakis didn’t just defy the pollsters with his landslide election victory in Greece on Sunday. He also bust open the constraints that his main political opponent had tried to place on him.
Oil Little Changed With Traders Watching Washington Debt Talks
Oil markets were little changed with traders avoiding decisive action as US lawmakers prepped for final negotiations on the debt ceiling.
IDB Chief Pivots Latin America Bank Away From US-China Feud
The new head of Latin America’s top development bank is trying to steer clear of the global US-China competition, avoiding the course of his predecessor who aimed to use the lender to counter Beijing’s influence in the region.
First Citizens Sues HSBC for Stealing SVB Staff, Secrets
First Citizens Bank & Trust Co. sued HSBC Holdings Plc for allegedly raiding dozens of employees from Silicon Valley Bank in a scheme dubbed “Project Colony” as First Citizens was taking over the failed California lender.
Russia Is Moving Weapons to Ukraine Through Mali, US Says
The US suspects Russian mercenary firm Wagner Group is trying to ship weapons to fighters in Ukraine through the West African nation of Mali, according to State Department Spokesman Matthew Miller.
Jamie Dimon Has No Plans to Step Down as JPMorgan CEO Anytime Soon
Jamie Dimon, whose counterpart at Morgan Stanley just announced he’ll depart in the next 12 months, said he’s still invigorated and has no plans to quit anytime soon.
NYC’s Transit Agency Planning to Raise Subway Fares, Tolls
The Metropolitan Transportation Authority is planning to boost its fares and tolls in late August as the largest US transit provider looks to collect more revenue to help close budget deficits.
US Expresses ‘Serious Concerns’ About China Move Against Micron
The US has “serious concerns” about China’s move to restrict sales of Micron Technology Inc. products in the country, and is engaging with the nation’s government to make its views clear, the State Department said.
