Bloomberg Business

California Braces for ‘Catastrophic’ Flooding From Hurricane

(Bloomberg) — California and the Southwest are girding for dangerous flooding as Hurricane Hilary churns north along Mexico’s Pacific coastline spreading heavy rain and treacherous tides, while canceling hundreds of flights around the US.   

Australia Report Says Spending to Rise $89.7 billion in 40 Years

Australia’s aging population and the cost of servicing debt are among key factors that will blow out government spending by about A$140 billion ($89.7 billion) in the next 40 years, according to excerpts of a key report to be released in full Thursday.

A Global Stock Trader’s Guide to Navigating Food Inflation

Agriculture stocks are beating their global peers this quarter as extreme weather, the war in Ukraine and rising protectionism drive up food prices. Exposure to the sector is a good hedge for inflation, some investors say.

Georgia’s Kemp Becomes GOP Kingmaker Despite Rift With Trump

Republican presidential candidates are coming to Atlanta to seek his endorsement. He’s picking fights with former President Donald Trump on social media. And he’s being talked about as a possible vice presidential candidate — if he doesn’t run for president himself.

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