Israel Moderates Rate Rise And Lays Out Judicial Revamp Risks
Israel’s central bank moderated the pace of its monetary tightening, striking a balance between the economic impact of ongoing political turmoil and stubbornly high inflation.
Bloomberg Business
Glencore’s $23 Billion Offer Rebuffed by Canadian Miner Teck
Canada’s Teck Resources Ltd. rejected a proposal from Glencore Plc to buy the company for shares and then spin off their combined coal businesses, in the latest sign of dealmaking heating up across the mining industry.
Audemars Piguet to Offer Industry’s First Guarantee Against Stolen Watches
Audemars Piguet, the Swiss luxury watch brand best known for the highly sought-after Royal Oak, will offer to replace clients’ stolen watches as part of a new service program created in response to a surge in watch-related crime.
Rivian Stands by EV Output Goal Despite Production Slowdown
Rivian Automotive Inc. reaffirmed its 2023 target for electric-vehicle production even as the automaker’s output slowed in the first three months of the year.
Bed Bath Begins Three-Week Countdown to Possible Bankruptcy
It took Bed Bath & Beyond Inc. almost two months to raise $360 million in emergency financing from a hedge fund positioned to profit from the deal. It wasn’t enough.
AI and Robotics ETFs Are Hotter for Traders Than Crypto in 2023
The popularity of artificial intelligence-powered chatbots like ChatGPT is catching the eye of exchange-traded fund investors looking for exposure to the space.
Bullard Says Oil Surge Might Make Fed’s Job More Difficult
Federal Reserve Bank of St. Louis President James Bullard said OPEC’s decision to cut output was unexpected and an increase in oil prices could make the Fed’s job of lowering inflation more challenging.
Tesla Deliveries Rise to Record After Slashing Prices on EVs
Tesla Inc. increased vehicle deliveries by a slim margin despite slashing prices across its lineup, casting doubt on the staying power of the increase in demand that Elon Musk described early this year.
Russia Blames Ukraine as Suspect Held in War Blogger’s Death
Russia accused Ukraine and a group linked to anti-Kremlin opposition leader Alexey Navalny of plotting a bomb explosion in a St. Petersburg cafe that killed a pro-war military blogger.
Emerging Market Era More Grind Than Go-Go After Rough Start
A turbulent end of the easy-money era has deflated expectations for a boom year for battered emerging-market assets.
