VIX Fear Gauge’s Only Competitor Set to Vanish From the Market
The financial market’s biggest and most prominent measure of fear could soon see its only competitor disappear.
Bloomberg Business
Bridgewater’s Karniol-Tambour Sees Fed Taking Longer to Cut Rates
The Federal Reserve may be slower to cut rates than many market participants expect, said Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour.
Biden Moves to Close Background Check Loopholes on Gun Sales
President Joe Biden is proposing a new rule seeking to close loopholes that allow some purchasers to avoid background checks when buying firearms online or at gun shows.
Gazprom Venture’s Claims Against European Banks Top $1 Billion
A Gazprom PJSC venture has racked up 110 billion rubles ($1.2 billion) in legal claims after filing two more lawsuits against European banks that backed a key natural gas project caught up in sanctions against Russia.
Venezuela Oil Bond Rallies 160% as Investors Eye Citgo Sale
Venezuela’s state oil driller stopped paying creditors almost six years ago. Its exports are restricted by the US. And Washington refuses to recognize the government that controls the company.
Muni Market’s Performance Wilts in Worst Month Since February
US state and city debt is poised for its worst month since February, with yields not far below multiyear highs. As the municipal market heads into a historically weak period, the worry is that it’s still not attractive enough to lure buyers.
Cathay Pacific to Ground Hong Kong Flights as Typhoon Nears
Cathay Pacific Airways Ltd. will halt all Hong Kong flights from 2 p.m. Friday afternoon until 10 a.m. Saturday morning as Super Typhoon Saola approaches the Asian financial hub, the airline announced Thursday night.
Ukraine Recap: Putin’s Move on Wagner; New Push on Grain Talks
Russian President Vladimir Putin is moving swiftly to take control of Wagner mercenary chief Yevgeny Prigozhin’s operations in Africa and the Middle East, days after his renegade ex-protege died in a plane crash that the US and UK have tied to the Kremlin.
CIBC Misses Estimates as Provisions for Souring Loans Surge
Concerns about the shaky US office market ate into Canadian Imperial Bank of Commerce’s earnings, which fell far short of analyst estimates as the lender set aside more than expected for souring loans.
Dollar General Sinks as Fizzling Sales Spur New Forecast Cut
Dollar General Corp., already on track for its first annual share decline, plunged again after slashing its profit forecast for the second straight quarter amid new signs that the discount retailer is losing ground to rivals.
