Oneok to Buy Magellan in $19 Billion Energy Pipeline Deal
Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators.
Bloomberg Business
Fed’s Goolsbee Says Impact From Rapid Rate Hikes Still to Come
Federal Reserve Bank of Chicago President Austan Goolsbee said much of the impact from the Fed’s rapid rate-hiking campaign is still working its way through the economy, and said policymakers need to be careful as they assess their next move.
Turkey Heads for Runoff Elections With Erdogan Ahead of Rival
Turkey will hold a runoff election in two weeks after no presidential candidate won an outright victory in Sunday’s elections, according to the High Election Board.
Nord Stream Island in Denmark Shaken by Mysterious Tremor
Inhabitants on Denmark’s Baltic Sea island of Bornholm, the site of last year’s Nord Stream explosions, were last weekend spooked by tremors that the Nordic country’s authorities said they can’t explain.
Regional Banks May Emerge as a Winner in Debt Showdown, State Street Says
Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an ETF giant to warn that one of the year’s hottest haven trades could be about to unwind — and throw beleaguered regional banks a lifeline.
Fed’s Bostic Says He Doesn’t See Rate Cuts Until Well Into 2024
Federal Reserve Bank of Atlanta President Raphael Bostic pushed back against bets in financial markets that the central bank will cut interest rates this year and cautioned against taking further hikes off the table if inflation doesn’t cool.
ECB Needs Help of Other Actors in Inflation Fight, Nagel Says
(Bloomberg) — The European Central Bank will need help from governments and companies in stamping out the worst bout of inflation in the euro era, Governing Council member Joachim Nagel said.
What Thailand’s Election Outcome May Mean for Military, Monarchy
Pro-democracy groups in Thailand have made a stunning political comeback after nine years of rule by the conservative military-backed bloc helmed by Prime Minister Prayuth Chan-Ocha.
Chemical Maker Venator Files For Bankruptcy as Sales Slump
Venator Materials Plc filed for bankruptcy after it struggled to boost sales for its industrial additives and pigments in recent months.
Debt-Limit Default Risk Is Higher Than Ever. How Can You Safeguard Your Wealth?
Bitcoin is a more popular safe haven then the US dollar, the yen or the Swiss franc, survey of investors shows
