Warnings of a Stock Market Bubble Finally Prove Too Much for S&P 500
Wagering on the stock market bounce was always a long shot. Now it looks like a sucker’s bet.
Bloomberg Business
HBO Max Sues Paramount Over ‘South Park’ Streaming Rights
HBO Max operator Warner Bros Discovery Inc. accused Paramount Global of conspiring with the creators of South Park to keep some of the show’s content out of HBO’s more than $500 million deal for exclusive streaming rights to the cartoon comedy series.
Oil Stagnates as US Supplies Swell, Demand Rebound Underwhelms
Oil prices stagnated this week as traders confront bearish trends including rising US stockpiles and a rebound in demand that hasn’t lived up to expectations.
Ski Resorts Finally Figured Out Crowd Control, Just in Time for Huge Weekends
It’s been the best ski season in years at places like Jackson Hole and Vail.
Louisiana Opts to Auction Bonds to Avoid GOP Anti-ESG Quandary
Officials in Louisiana couldn’t agree on which Wall Street banks align closely enough to the state’s Republican politics to underwrite an upcoming bond sale — so they decided to put the debt up for auction instead.
Blinken Aims to Pressure Russia on Trip to Central Asia, India
Secretary of State Antony Blinken is traveling into Russia’s sphere of influence next week as he tries to pull some of Moscow’s traditional partners closer to the US position on the war in Ukraine.
Plant-Based Food Maker Eat Just to Lay Off About 18% of Employees in Egg Division
Eat Just Inc. is cutting about 18% of jobs in its division that makes plant-based egg substitutes as it aims for profitability.
Caisse CEO Emond Says He’s Looking to Hire as Credit Becomes ‘Extremely Attractive’
Quebec’s $295 billion pension manager is planning to place bigger bets on corporate credit — and hire more people to do it — after last year’s correction made loans and bonds look “extremely attractive,” its chief executive officer said.
Pemex Safety Under Scrutiny After Three Separate Fires in One Day
Three separate fires at Petroleos Mexicanos facilities on Thursday killed one worker, left at least eight people injured and several others missing, putting the Mexican state oil company’s safety record under scrutiny ahead of its earnings call on Monday.
GM Battery Partner Tied to China Gets Cold Shoulder in Washington
Microvast has trouble even getting lawmakers to engage about scrutiny of its US Energy Department grant.
