Oil Declines for a Fourth Week on Persistent Demand Concerns
Oil slumped near $70 to mark a fourth-straight week of losses as concerns about demand growth persist.
Bloomberg Business
Argentina Inflation Surged to 109% in Apriil
Inflation in Argentina continued to accelerate more than expected into triple-digit territory in April as a peso selloff triggered by devaluation fears drove costs ever higher.
Kremlin Denies Meddling Ahead of Turkey’s Knife-Edge Vote
Russia denied meddling in NATO-member Turkey’s upcoming elections, a response to allegations by the main opponent of Turkish President Recep Tayyip Erdogan ahead of Sunday’s vote.
EU Reaches Initial Agreement on Blueprint for China Relations
The European Union’s top envoys sought to project a united front on relations with China, reaching an initial consensus on a common blueprint for future ties although they still need to work out how to smooth out remaining differences.
Coatue Seeks Cash to Lift Returns for 2021 Growth Fund Clients
Coatue Management is looking to lift returns for clients in a growth equity fund that invested at the peak of the market by raising money for new, cheaper deals as the tide has turned.
Gas Drilling Collapses in US at Fastest Rate in Seven Years
The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.
Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million
Not even 2023’s eye-watering rallies can lure badly burned exchange-traded fund investors back to crypto after last year’s beating.
NYC Pension Funds Are Sued for Cutting Fossil-Fuel Stakes
In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel assets.
‘Severance’ Studio Looks to Raise $300 Million in Cooler Market
Fifth Season, the Hollywood studio behind the Apple TV+ series Severance and the football comedy 80 for Brady, is looking to raise about $300 million to increase its output of TV shows and movies.
Onex to Cut Costs as It Stops Raising Money for Flagship Fund
Onex Corp. will restructure to reduce expenses after halting fundraising for its flagship private equity fund, saying it’s too difficult to raise money right now.
