Wall Street’s Most Hated 3 Letters Prove Too Risky to Ignore
As the label “ESG” ends up among the most hated on Wall Street, the financial cost of ignoring it is making headlines.
Bloomberg Business
Key Takeaways From Fed’s July Interest-Rate Meeting Minutes
For Bloomberg’s TOPLive blog on the Fed minutes, click here
Summers Sees 10-Year Yields Averaging 4.75% in Coming Decade
Former US Treasury Secretary Lawrence Summers cautioned that the recent run-up in 10-year yields may have further to go, and that pressures are building to keep those benchmark rates much higher than experienced over the past two decades.
Brazil to Cap Carbon Emissions for Large Polluting Companies
Brazil will create a cap on carbon dioxide emissions for large polluting companies as part of a broader green transition initiative meant to help the country reach CO2 neutrality by 2050, according to one of the plan’s architects.
Post-SVB Freeze of Preferred Shares Thawed by High-Profile Deals
The market for new preferred shares in the US is reopening after a near half-year freeze, raising hopes that this crucial source of capital — especially for the nation’s major lenders — is returning to normal.
Hollywood Strike Signals ‘Broken’ Media Market, FTC’s Khan Says
The Federal Trade Commission is closely monitoring the Hollywood strikes and policies of streaming services, which have raised concerns that “something is broken in the market,” Chair Lina Khan said.
Storm Hilary Threatens Southern California With Flooding
Tropical Storm Hilary has spun up in the Pacific off Mexico’s coast, threatening to pummel Southern California and unleash flooding across the Southwest early next week.
Goldman Sachs Blames Zero-Day Options for Fueling S&P 500 Selloff
Look closely at the contours of Tuesday’s tumble in the S&P 500 and fingerprints of a new market force come into focus.
High-Potency Pot Market Worth Billions Draws Regulator Scrutiny
The recreational marijuana industry is pouring money into products with high THC levels, and early-to-legalize states are rethinking their laws because of it.
US Steel Jumps as ArcelorMittal Reported to Weigh Offer
Shares in United States Steel Corp. jumped after Reuters reported that ArcelorMittal is considering an offer for the company, in what would mark a new escalation in a bidding battle.
