BRICS Latest: Bloc Invites New Members, Plans Two-Tier System
BRICS leaders invited top oil exporter Saudi Arabia and five other countries including Iran to join their bloc in a push to expand its global influence.
Bloomberg Business
US Urges Regulators to Review Vistra’s $6.8 Billion Nuke Deal
The US Justice Department is urging regulators to take a closer look at Vistra Corp.’s planned $6.8 billion acquisition of a rival power producer because it may be anticompetitive.
Private Credit Firms in Talks on $3.4 Billion Hyland Loan Package
A group of private-credit lenders are in talks to extend a $3.25 billion loan to Hyland Software Inc. so the company can refinance debt, marking the latest example of a borrower turning away from the leveraged loan market.
T-Mobile to Cut About 7% of Staff, Mostly Corporate Roles
T-Mobile USA Inc. is cutting 7% of its staff, part of an effort to rein in costs as the company spends heavily to attract new subscribers in an increasingly competitive market.
Shein and Forever 21 Become Frenemies With Investment Deal
Shein acquired a stake in rival fast-fashion retailer Forever 21 to expand its online offerings and establish a brick-and-mortar presence in the US.
US Gas Pipelines to Get New Rules After 2018 Deadly Blasts
The Biden administration is moving forward with new regulations for natural gas pipelines in response to a deadly series of explosions that tore through suburban Massachusetts in 2018.
OPEC May Need to Cut Again as Fragile Members Recover, Citi Says
OPEC’s core members may need to consider further production cuts as some of the group’s most troubled nations achieve unexpected supply growth, according to Citigroup Inc.
Nvidia Is Growing Its Way Into a Cheaper Valuation
Investor concerns about Nvidia Corp.’s scorching valuation are being eased every time the chipmaker reports earnings.
Zimbabwe Vote Continues for Second Day After Delays Dog Process
Voting in Zimbabwe continued for a second day in some areas on Thursday after delays and logistical problems prevented some people from casting their ballots.
Vanguard Wannabe Faces SEC Battle to Mimic Tax-Slashing Funds
Vanguard Group’s best-of-both-worlds stranglehold over the money-management industry is facing a new kind of challenger.
