Palm Beach County Sells Bonds to Upgrade Marlins, Cardinals Spring-Training Home
Florida’s Palm Beach County is raising money in the bond market to keep its hold on professional baseball for decades to come.
Bloomberg Business
Mexico’s AMLO Says $6 Billion Power Buy Is Cheaper Than New Builds
Mexico’s $6 billion purchase of electricity plants from Spain’s biggest power company is 30% cheaper than building from the ground up, according to President Andres Manuel Lopez Obrador.
Ex-JPMorgan Gold Traders Ask for No Prison Time in Spoofing Case
JPMorgan Chase & Co.’s former precious-metals desk head and his top gold trader asked to be spared prison sentences for spoofing.
Abortion Pill Maker Says Access to Drug Hinges on FDA Discretion
As a Texas federal judge’s decision threatens to restrict nationwide access to a widely used abortion pill, its maker says US regulators have ways to let the medication stay on the market while the case works its way through the courts.
OpenAI Will Pay People to Report Vulnerabilities in ChatGPT
OpenAI will start paying people as much as $20,000 to help the company find bugs in its artificial intelligence systems, such as the massively popular ChatGPT chatbot.
Coal Supplying Less US Power Than Gas, Renewables and Nuclear
Coal use in the US power market is set to decline for a second year in succession as utilities increasingly shift to cheaper and cleaner natural gas and renewables.
Blackstone Raises More Than $30 Billion for Giant Real Estate Fund
Blackstone Inc. has closed on its largest global property drawdown fund, targeting opportunistic deals across sectors such as rental housing, hospitality and data centers.
Light Street Hedge Fund Gains 19.2% This Year After 2022 Plunge
Glen Kacher’s Light Street Capital Management is making money again after losses and redemptions last year wiped out 70% of the firm’s assets.
South Africa Central Bank Chief Urges Power, Transport Deregulation
South Africa’s central bank Governor Lesetja Kganyago called for sweeping reforms to macroeconomic policies to boost economic growth, and lessen exchange rate volatility and sovereign risk.
Traders Are Betting Against Airlines at Highest Rate Since Pandemic
Investors are betting on a challenging travel season for airlines as sky-high prices and the steady drumbeat of an approaching recession threaten to keep passengers away.
