US Home Cash-Out Refinancing Falls to Lowest Since 2000 After Fed Hikes
US interest-rate hikes have dented a key source of consumer funds — home-equity build-ups.
Bloomberg Business
Lufthansa Exploring Sale of Aviation Insurance Broker, Insurer
Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter.
J&J’s Stelara Targeted for Medicare Price Talks With Low-Cost Version Seen by 2025
Amid the names of 10 blockbuster drugs subject to first-time US price negotiations, one surprise stood out: Johnson & Johnson’s Stelara, a treatment for autoimmune disorders.
More Americans Plan Vacations, Even as They Sour on the Economy
Americans might be fretting about the job market and inflation, but it’s not stopping them from splurging on vacations.
Grayscale $2 Billion Rally Leads Day of Revelry Across Crypto
The defeat of efforts to block a Bitcoin exchange-traded fund unleashed gains across the crypto space, including a $2 billion rally in the fund at the center of the controversy.
Raimondo Says Business With China Is Key But Increasingly Risky
US Commerce Secretary Gina Raimondo argued that China is driving away American companies by making investments in the world’s second-biggest economy increasingly hazardous.
Catalent Reaches Deal With Elliott, Adds New Seats to Board
Catalent Inc., the drug-product manufacturer dogged by issues at its facilities, will add four new members to its board and undertake a strategic review as part of a settlement with activist investor Elliott Investment Management.
Apple Sets Sept. 12 Date for Launch of iPhone 15, New Watches
Apple Inc. has set Sept. 12 as the date for its biggest product-upgrade event of the year, when it’s set to unveil the iPhone 15 line and next-generation smartwatches.
EU to Stick With Climate Ambitions Despite Mounting Backlash
The European Commission will stand firm on its climate objectives while aiming to ensure that companies and citizens continue to support the transition to net-zero emissions, pledged the new head of the bloc’s landmark green deal.
Crypto ETF Drags ‘ESG’ Into Wildly Volatile World of Bitcoin
A London-based money manager has just attached an ESG label to a Bitcoin exchange-traded fund, in a move that has environmental experts doing a double take.
