First NFT ETF Is Closing as Once-Hot Crypto Trend Fizzles
The crisis in all things crypto looks set to claim another victim as the first-ever exchange-traded fund centered on nonfungible tokens prepares to liquidate.
Bloomberg Business
Australian Barbecue Index Jumps in Jolt for Households and RBA
Inflation in Australia shows little sign of abating, with the cost of a summer “barbie” spiraling higher, causing pain to households and concerns for the Reserve Bank as it prepares to meet next week.
Lula Brushes Off Germany’s Appeal for Brazil to Send Weapons to Ukraine
Brazilian President Luiz Inacio Lula da Silva turned down a German request to send ammunition to Ukraine as part of the international effort to help Kyiv repel the Russian invasion.
NYC to Face First Deep Chill of 2023 as Snow Drought May End
Winter will take its first bite of New York City since Christmas as a lumbering low-pressure system dives down from Hudson Bay in Canada and blankets the East Coast in frigid air.
New York Is Gorging on Fuel Made From Illicit Russian Oil
New York is buying an unusually large amount of gasoline and diesel from India — a country that has become a top outlet for sanctioned Russian oil.
Carvana’s Frenzied Rally Shows Speculative Bets Are Trending Again
Struggling online used-car dealer Carvana Co.’s shares are set to record their best monthly gain ever, amid a speculative trading frenzy that has driven a wild rally in many beaten-down stocks in recent weeks.
Lebanon to Devalue Currency 90%, Central Banker Says: Reuters
Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank Governor Riad Salameh said, according to Reuters.
Biden to Press McCarthy on Debt Limit in First Meeting
President Joe Biden aims to press House Speaker Kevin McCarthy to commit to preventing the US from defaulting on its debt in a sit-down meeting Wednesday, and to challenge the Republican to release his own detailed spending plan.
Australia Is Boosting Hydrogen Exports to EU as Part of Green Push
Australia wants to boost exports of green hydrogen to the European Union as the bloc seeks to cut emissions in its most energy-intensive sectors.
Cardboard Box Comeback Points to Early Signs of Consumer Revival
The humble cardboard box, a marker for consumer spending, is showing signs of a “modest” comeback, according to one of the world’s biggest suppliers.
