Arm Ends Second Day of Trading Lower After Strong Debut
Arm Holdings Plc’s second day of trading proved to be a volatile one.
Bloomberg Business
Hedge Funds Hiked Bullish Oil Bets to 15-Month High on OPEC+ Cuts
Hedge funds boosted their bullish wagers on Brent and US crude to a 15-month high as supply cuts from OPEC+ rapidly tighten the oil market.
Stellantis Faces Additional, Brief Strike in Italy Next Week
Stellantis NV, the carmaker already hit by a strike at one of it plants in the US, faces another work stoppage in a factory in southern Italy on Monday.
Saudi-Israel Normalization Remains ‘Difficult,’ Blinken Says
The US is working on normalizing diplomatic relations between Saudi Arabia and Israel with the goal of achieving a “transformative” agreement, but the process remains fraught over specifics, including Palestine, Secretary of State Antony Blinken said on Friday.
Euro Set for Record Run of Losses as ECB Seen Done Raising Rates
The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates.
Oil Posts a Third Weekly Gain With Tighter Markets in View
Oil rose for the third straight week as the market continued to tighten on the back of production cuts from Saudi Arabia and Russia.
IRS Seeks to Hire 3,700 Agents to Pursue Wealthy Tax Dodgers
The IRS plans to hire 3,700 employees to help fuel its efforts to target large corporations and complex partnerships.
Discover Considers Possible Sale of Its Student-Loan Arm
Discover Financial Services is exploring the potential sale of its student-loan business as the company seeks to clean up operations in the aftermath of a series of regulatory lapses, according to people familiar with the matter.
High-Grade Bond Investors Are Betting on Duration
Investors are increasingly willing to buy longer-term bonds, locking in higher interest payments for years in a bet that the Federal Reserve is nearing the end of its interest-rate hiking cycle.
Bitcoin Miner Core Scientific Settles With Celsius Over Fees
Bitcoin miner Core Scientific Inc. and the mining unit of bankrupt crypto lender Celsius Network LLC have entered an agreement to settle litigation in part over who should pay the costs racked up from soaring electricity prices.
