Bloomberg Business

Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and comments from Saudi Arabia’s energy minister shying away from any change in course.

Electricity demand in California is expected to jump 80% or more by 2045, requiring the state to invest $370 billion in its power grid and clean energy to meet its net zero goal, utility giant Edison International predicts.

Argentina’s economy contracted more than expected between April and June, the worst quarter since the peak of the pandemic in early 2020, confirming the country is barreling into a deep recession.

The investment firm buying UK football club Everton FC is working to build a global airline portfolio to add to a sprawl of sports and aviation assets from Brazil to Australia.

Options traders are seeking protection from higher interest rates ahead of Wednesday’s Federal Reserve policy decision.

US antitrust regulators urged a judge to give financially-strapped Dish Network Corp. more time to purchase airwaves from T-Mobile US Inc., which wants instead to auction the frequencies.

Illinois’s local police pension fund, set to manage around $11 billion if it clears a court challenge, is looking to hire money managers to help it start buying leveraged loans, and said it plans to eventually invest in private credit.

Finland’s government hammered out a budget for 2024 more in deficit than previously projected and contrasting with its election pledges of fixing the Nordic country’s finances.