VW Sells Green Bonds in Test of Cautious European Market
Volkswagen AG pulled in bumper investor orders in the first test of sentiment for Europe’s corporate bond market after recent turmoil in the banking sector.
Bloomberg Business
Hungary Sees Deal Near to Help Unlock €28 billion in EU Funds
Hungary said it’s near an agreement with the European Union that would bring it a step closer toward accessing almost €28 billion ($30.5 billion) in funds frozen over concerns about the rule of law and fundamental rights.
UK Parliament Bans TikTok on Devices and Westminster Network
The UK Parliament banned TikTok on local networks and staff devices, adding to high-profile restrictions on the video-sharing platform in western nations amid mounting security concerns.
China Hawks Dine on Seared Branzino And Lament Threat to US
Peter Thiel likened US-China ties to a codependent marriage and lamented the rise of TikTok at a dinner for venture capitalists and lawmakers a day before the app’s chief executive testifies on Capitol Hill.
Credit Crunch Risks in Focus for Fed Traders as Cut Bets Build
Bond traders are zeroing in on just how much the ongoing turmoil in the banking system might tighten credit conditions and hurt the US economy, potentially forcing the Federal Reserve to change tack and cut interest rates.
House Republicans Want Answers From Yellen, FDIC on Bank Failures
House Republicans asked Treasury Secretary Janet Yellen and FDIC Chair Martin Gruenberg for detailed answers on the failures of Silicon Valley Bank and Signature Bank, including on the efforts to sell the firms to private-sector buyers.
US Regulator Warns About Data Security During TikTok Hearing
Data security is a top concern for a secretive US panel of regulators with the power to block foreign transactions, a Treasury Department spokesperson said in a statement as House lawmakers grilled TikTok Inc.’s chief executive Thursday.
Apple to Spend $1 Billion a Year on Films to Break Into Cinemas
Apple Inc. plans to spend $1 billion a year to produce movies that will be released in theaters, according to people familiar with the company’s plans, part of an ambitious effort to raise its profile in Hollywood and lure subscribers to its streaming service.
US Mortgage Rates Fall for Second Week, Sending 30-Year to 6.42%
Mortgage rates in the US fell for a second straight week, easing costs for homebuyers in the market’s busiest season.
Hedge Funds May Have Turned Dollar Bulls at the Wrong Time
Hedge funds couldn’t have picked a worse time to turn bullish on the dollar.
