Fed on Alert for One More Hike After ‘Disappointing’ Inflation
Hotter-than-expected inflation likely ensures the Federal Reserve keeps its options open to raise interest rates again in November or December following an expected pause this month.
Bloomberg Business
AfDB Markets First Hybrid Out of Global Multilateral Lenders
The African Development Bank is planning to issue the first perpetual hybrid notes out of a multilateral development bank, a new tool that could expand funding for developing economies.
Softer Housing Market, Higher Incomes Help Canadians Trim Debt Ratios
Rising incomes and a slower housing market helped Canada’s households modestly repair their balance sheets in the second quarter, even as economic growth stalled.
No Chinese EV Is Cheaper in Europe Than a Cut-Rate Renault Model
The European Commission will find local manufacturers’ EVs among the cars in what it’s calling a race to the bottom.
Intel Rides Made-in-America Wave to Big Stock Gain
After years of disappointing investors, Intel Corp. shares are showing signs of life.
Surge Pricing on Pints of Beer Splits Pub Operators in the UK
“Unhappy hour”: Pints that cost more on weekends and for World Cup games might not fly, after all.
Art Dealer to Rich and Famous Faces Millions in Fraud Claims
A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover the lost loot.
US Core CPI Picks Up, Keeping Another Fed Hike in Play This Year
Underlying US inflation ran at a faster-than-expected monthly pace in August, leaving the door open for additional interest-rate hikes from the Federal Reserve.
Country Garden Pays Interest, Extends $1.4 Billion of Bonds
Distressed Chinese developer Country Garden Holdings Co. showed more signs of progress in its attempt to manage one of the biggest debt loads of any property firm globally—at least for now.
DCG Pushes Genesis Plan, Says Gemini Users Could Be Made Whole
Barry Silbert’s Digital Currency Group is urging creditors of its bankrupt crypto lending subsidiary, Genesis Global Holdco LLC, to back a proposed repayment plan it said could fully repay hundreds of thousands of customers who invested money through Gemini Trust Co.’s Earn program.
