ECB Hike Crosses Rubicon of Pain With Lagarde Warning of Hard Times
The prospect that euro-zone interest-rate hikes may be over will do little to soften the blow as the European Central Bank tightens the screws on a faltering economy.
Bloomberg Business
Italy Seeks to Reassure Markets Its Deficit Is Under Control
Giorgia Meloni is seeking to reassure investors that Italy’s finances are under control, as markets fret about a ballooning deficit which could trigger a selloff.
Genesis, Once Among the Largest, Winds Down Remaining Crypto Trading Operations
Genesis will no longer offer cryptocurrency trading services through any of its business entities after halting spot and derivatives transactions through GGC International Ltd.
Deutsche Bank Links With Swiss Crypto Firm for Custody Services
Deutsche Bank AG is one step closer to launching a digital assets custody service after finalizing a deal with Swiss crypto technology firm Taurus SA.
Mortgage Rates in US Increase for First Time in Three Weeks
US mortgage rates rose for the first time since late August, ratcheting up the pressure on borrowers.
Dartmouth College Men’s Basketball Team Is Trying to Unionize
Players of Dartmouth College’s Men’s Basketball team have petitioned to unionize in a move that, if successful, could be a first in Division One college athletics.
Luxury Site Mytheresa Is Betting on the Ultra-Rich. And It’s Paying Off
Online high-end retailer Mytheresa.com is faring better than peers and bucking some of the luxury sector’s recent malaise by focusing on sales to some of the world’s wealthiest shoppers.
Laurentian Bank Ends Review Without a Sale, Will Go It Alone
Laurentian Bank of Canada ended its strategic review without finding a buyer and plans to carry on as an independent firm with a slimmer management team. The company’s shares plunged.
Alfa Romeo’s New Hybrid Tonale SUV Is a Snooze on Wheels
Stellantis is hoping the 2024 Alfa Romeo Tonale is the start of its electric revolution, but there’s no spark.
Saudi PIF Developer Lines Up $2.7 Billion for Building Spree
Roshn Real Estate Co., one of Saudi Arabia’s largest master developers, has lined up about 10 billion riyals ($2.67 billion) in funds as it gears up to work on a slew of projects across the kingdom.
