NYC Townhouse Once Home to Travis Scott, John Philip Sousa Goes Bankrupt
A sprawling Greenwich Village townhouse once rented by rapper Travis Scott — and now listed for $22.5 million — has entered bankruptcy ahead of a scheduled foreclosure auction.
Bloomberg Business
Reckitt Benckiser CFO Jeff Carr to Leave in Top Level Overhaul
Reckitt Benckiser Group Plc’s Chief Financial Officer Jeff Carr is set to depart the Strepsils maker ahead of the new chief executive officer taking over later this year.
Lithium Craze Sparks 1,100% Stock Gains as Well as Deep Losses
Investors who bought Australian lithium stocks at the start of the year could have doubled their money or lost more than half of it — reflecting the extreme volatility of companies mining one of the world’s hottest commodities.
BlockFi Fights FTX, Three Arrows Over Potential Repayments
Bankrupt crypto lender BlockFi Inc. wants to block attempts by FTX and Three Arrows Capital to get back billions of dollars exchanged between the firms before all three companies unraveled last year.
Stocks Fail to Catch a Bid Before Nvidia’s Results: Markets Wrap
Wall Street’s risk-on mood faltered a day after the rally in big tech, with traders awaiting Nvidia Corp.’s results — which are set to test the fervor around the artificial-intelligence hype.
Bank of Korea to Hold Rate as Risks to Economy Grow
The Bank of Korea is poised to hold its benchmark interest rate steady on Thursday as it seeks to keep a lid on consumer inflation and household debt while also taking into account increasing risks to the prospects for economic growth.
Dan Och Slams Sculptor Proxy With Demand for Merger Books, Records
Dan Och is demanding that Sculptor Capital Management release books and records to investigate how the hedge fund firm he founded chose Rithm Capital Corp. as its merger partner.
Maui’s Economic Toll from Fires Estimated as High as $6 Billion
Economic losses from this month’s devastating Maui wildfires could range from $4 billion to $6 billion, the Moody’s RMS risk modeling service estimates, as disruptions to jobs and business activity combine with damage to thousands of properties.
Mark Meadows Asks Judge to Block His Arrest in Georgia Election Case
Donald Trump’s former Chief of Staff Mark Meadows asked a federal judge in Georgia to block state authorities from arresting him if he fails to surrender by Aug. 25 on charges that he conspired with his ex-boss to overturn the result of the 2020 presidential election.
EV Maker VinFast’s Wild Rally Makes It as Big as Ford and GM Combined
Vinfast Auto Ltd. shares skyrocketed 109% to add $44 billion in market value to the Vietnamese electric vehicle maker on Tuesday, extending a raucous week since it went public.
