JPMorgan’s Kolanovic Says Stocks Are Overvalued on Rate Gap
Equities are overvalued and at risk of further losses as a divergence with bonds is yet to close, say JPMorgan Chase & Co. strategists.
Bloomberg Business
Powell’s Debt-Limit Alarm Echoes Stealth Lobbying Effort in 2011
In the worst political showdown over the US debt limit to date, a little-known former Treasury official in 2011 helped convince lawmakers that raising the ceiling was the only option. He’s back at it now, but from a much higher perch: chair of the Federal Reserve.
SoftBank to Reinvest in LatAm Portfolio Firms for M&A Funding
SoftBank Group Corp. plans to focus its investments in Latin America on startups already in its portfolio, a strategy aimed at helping to fund mergers and acquisitions amid a slump in valuations.
Rishi Sunak Will Host Tory MP Away Day to Plot Election Strategy
Britain’s governing Conservative Party is trailing badly in opinion polls, apparently on course for a heavy defeat in the next UK general election. Prime Minister Rishi Sunak hopes a team-building “away day” can stop the rot.
Euronext CEO Confident IPO Conditions Are Poised to Improve
Euronext NV, Europe’s largest stock-exchange group, says the pipeline for initial public offerings remains strong even amid a current drought, but companies are having difficulty picking the right time to list because of market volatility.
Bain, KKR, Nibe Vie for $1.3 Billion Fujitsu Unit Stake
Private equity firms Bain Capital and KKR & Co. are among the suitors selected for the next round of bidding for Fujitsu Ltd.’s majority stake in its air-conditioner manufacturing unit, according to people familiar with the matter.
BP CEO Says More Oil and Gas Investment Is Good for the Climate Fight
As the sound of climate protesters reverberated through the conference room, BP Plc Chief Executive Officer Bernard Looney made the case that investment in more oil and gas is crucial for the transition away from those very fuels.
Turkey Considering Prison Terms for Landlords Who Gouge on Rent
Turkey is considering prison terms for landlords found guilty of excessive rent increases after this month’s deadly earthquakes left millions displaced and homeless.
Adani CFO Says No Refinancing, Capital Plans at HK Roadshow
Adani Group isn’t seeking to refinance debt or inject capital, its finance chief said on the sidelines of an investor roadshow aimed at rebuilding confidence in the crisis-ridden Indian conglomerate.
More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets
US homebuyers are increasingly paying in cash.
