Brazil’s Rate Cut Prospects Dim After Hawkish Central Bank Message
Central bank voices concern about rising inflation expectations in Latin America’s largest economy
Bloomberg Business
Mortgage Rates in the US Slip for a Fourth Week, Hitting 6.09%
Mortgage rates in the US fell for a fourth straight week.
Copper’s Fight for Critical Mineral Status Gets Political Push
Some of the biggest names in copper have found high-ranking political allies to support their efforts to get the wiring metal added to a list of minerals deemed critical to the US.
Mobius Says Adani’s Debt Pile ‘Scared Us Away’ From Share Sale
Veteran emerging-markets investor Mark Mobius said his firm didn’t participate in Adani Enterprises Ltd.’s stock sale before it was pulled as concerns about the debt of the Indian tycoon’s firms “scared us away.”
Bipartisan Lawmaker Duo Starts Big Tech Antitrust Caucus
A bipartisan pair of lawmakers on Thursday vowed to keep a focus on reforming US antitrust laws to curb the power of Amazon.com, Inc; Apple Inc.; Alphabet Inc.’s Google and Meta Platforms, Inc.
Brexit Trade Blow Is Happening Sooner Than Feared, BOE Warns
The economic damage done by Brexit is happening sooner than feared, the Bank of England warned.
Myanmar Junta Imposes Martial Law in Resistance Strongholds
Myanmar’s military government imposed martial law in 37 townships across the country where clashes with resistance groups have intensified in the past months, signaling more brutal oppression in pro-democracy strongholds.
Denmark Hikes Key Rate Less Than ECB Under New Governor
Denmark’s Nationalbanken raised its benchmark interest rate less than the European Central Bank as its new governor seeks to weaken the krone and defend the peg to the euro.
Apple, Google Urged to Remove TikTok From App Stores by Democratic Senator
Senator Michael Bennet, a Colorado Democrat and member of the Intelligence Committee, has asked the chief executive officers of Apple Inc. and Alphabet Inc.’s Google to remove TikTok, the Chinese-owned video-sharing platform, from their app stores, citing “grave” national security concerns.
Day Trading Army’s Grip on Stock Market Is Tighter Than in Meme Stock Era
Animal spirits are raging again among retail investors and topping the meme frenzy seen exactly two years ago — at least by one measure.
