Extreme Heat Hits Cities From Portland to Houston: Weather Watch
Hot temperatures and fire risks are on Bloomberg Green’s radar today.
Bloomberg Business
L&G’s Wilson Says UK Must Speed Up Reforms to Lure Investors
The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc Chief Executive Officer Nigel Wilson.
Biden’s Steel Boom Helps Spark Bidding War for an American Icon
When Cleveland-Cliffs Inc. quietly submitted its takeover bid for United States Steel Corp. it couldn’t have chosen a more fitting day. That morning, July 28, US Steel Chief Executive Officer David Burritt was sounding as bullish as can be, predicting a once-in-a-generation boom that promises to send demand soaring.
Italy’s Deputy PM Seeks to Water Down Bank Tax, Reports Say
Italy’s Deputy Premier Antonio Tajani wants to make changes that will reduce the impact of a controversial levy on banks’ extra profits, according to several newspapers reports.
Jet Firm Wheels Up Inks Deal Giving Knighthead, Certares Control
Wheels Up Experience Inc. is preparing to cede control to investors including Knighthead Capital Management and Certares Management as part of a new financing deal, according to a statement seen by Bloomberg.
Investors Least Bearish on Stocks Since Pre-Fed Hikes, BofA Says
Investors are the least pessimistic on stocks since February of last year, before the Federal Reserve began one of the most aggressive tightening cycles in decades, according to Bank of America Corp.’s latest global survey of fund managers.
US Retail Sales Top Forecasts, Showcasing Consumer Resilience
US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion.
Amazon’s $593 Billion Rally Faces Endurance Test
Analysts are almost universally optimistic about Amazon.com Inc., one of the biggest winners this earnings season. But further near-term gains may be harder to come by.
Canada Home Sales Fall for First Time in Six Months After Hikes
Canadian home sales fell for the first time in six months as the Bank of Canada’s resumption of its rate-hiking campaign started to dampen the market’s nascent rebound.
Home Depot Earnings Top Estimates as DIY Spending Sustained
Home Depot Inc. earnings exceeded the average analyst estimate, suggesting that US home improvement spending is performing slightly better than expected following an unprecedented boom during the pandemic.
