US Turns Down Derivative Exchange’s Plan to Offer Bets on Elections
The top US derivatives regulator has given the thumbs down to Kalshi Inc.’s plan to offer bets on US congressional elections.
Bloomberg Business
Colombian Presidency Accused of Stealing Biden’s Applause in UN Speech Clip
Colombian President Gustavo Petro’s press team manipulated a video of his speech to the United Nations to boost the volume of applause he got, according to an investigation by local media outlet La Silla Vacia.
UK Economy Headed for a Rocky End of 2023 and Risk of Recession
The UK economy is heading for a rocky final quarter of 2023 after a string of indicators this week prompted the Bank of England to halt its quickest monetary tightening in three decades.
Once Silicon Valley’s Star, Cisco Taps Splunk for Fresh Mojo
Cisco Systems Inc.’s Chuck Robbins, who has spent years working to restore the networking company to its former glory, is now looking to the $28 billion acquisition of Splunk Inc. to help speed up the effort.
Greece’s Mitsotakis Says Tourism Can Benefit From Climate Shift
Greek Prime Minister Kyriakos Mitsotakis said his country can benefit from a changing climate because it will help to attract visitors outside of the traditional summer months.
Gary Cohn Says Fed Hikes Hurt Banks More Than They Help the Economy
Former Goldman Sachs Group Inc. President Gary Cohn said the Federal Reserve needs to “take a deep breath” after rate hikes meant to fight inflation hurt the banking sector.
Biden Trade Chief Says She’s ‘Sympathetic’ to EU’s China EV Probe
President Joe Biden’s trade chief said she’s “quite sympathetic” to the European Union’s decision to investigate Chinese imports of subsidized electric vehicles, saying the US experienced similar competition in the solar panels industry two decades ago.
Dutch Authorities Say Tata Factory Emissions Lower Life Expectancy
Hazardous emissions from Tata Steel Ltd.’s IJmuiden factory in the Netherlands pose elevated health risks to those living nearby, according to the national public health agency.
SNB’s New Rate-Setter Will Be NY Fed Official Antoine Martin
(Bloomberg) — Antoine Martin, an official at the New York Federal Reserve, will become the Swiss National Bank’s newest interest-rate setter next year.
Goldman Sent Inaccurate Data to SEC on 163 Million Trades
Goldman Sachs Group Inc. agreed to pay a $6 million fine on Friday for sending inaccurate or incomplete trading data to the Securities and Exchange Commission covering at least 163 million transactions over a decade.
