Moody’s Cuts Bank Ratings (Podcast)
Source: Bloomberg, 34:01 #press
Your Evening Briefing: The Possible Global Consequences of Africa’s Coups
Get caught up. #press
Commonwealth Bank of Australia Cautions on Economy Even as Profit Climbs
Commonwealth Bank of Australia’s profit climbed as higher interest rates and a buoyant housing market supported results at the nation’s largest lender. #press
Rep. Haley Stevens Talks Israel, Netanyahu
Source: Bloomberg, 9:29 #press
US Bank Stocks Fall, WeWork in Trouble (Podcast)
Source: Bloomberg, 15:54 #press
The Weight-Loss Drug Frenzy Is Outrunning the Company Behind It
Ozempic and Wegovy have propelled Novo Nordisk to Europe’s second-most valuable company. Now it faces a struggle to keep up #press
CBA’s Warning: Australia Briefing
Hello, it’s Harry here in Sydney. Here’s what you need to know in Australia this morning. Today’s must-reads:• CBA sounds warning on economy• Australia’s battery dreams take a blow• Super funds prepare for extended inflation #press
Private-Jet Firm Wheels Up Seeks Rescue Funding
Private-jet company Wheels Up Experience Inc. is seeking new financing from investors as its cash dwindles, according to people with knowledge of the situation. #press
Banker Bonuses Seen Falling, With Wealth Managers as Sole Bright Spot
Merger advisers’ bonuses are likely to tumble this year as the business remains stagnant, though asset-management executives will see modest gains, according to Johnson Associates Inc. #press
What No Landing Looks Like to a Treasury Bond Investor
Bond investors get paid to worry about downside risk. So when risks mount, expect them to show up in bond markets first. We see that in the Treasury market, where yields have pushed up to account for a soft landing and elevated budget deficits. But risks of a recession haven’t gone away. In fact, one... #press
Banker Bonuses Seen Falling, With Wealth Managers as Sole Bright Spot
Merger advisers’ bonuses are likely to tumble this year as the business remains stagnant, though asset-management executives will see modest gains, according to Johnson Associates Inc. #press
Barrick CEO Mark Bristow Talks Gold and Commodities
Source: Bloomberg, 7:59 #press
Tim Hortons Targets Lunch as Remote Work Dents Breakfast Demand
Tim Hortons, known for its coffee and breakfast foods, is increasingly bringing in Canadians later in the day as remote work endures. #press
Sunak’s Distraction Strategy: The Readout With Alex Wickham
Hi, I’m Alex Wickham, Bloomberg’s senior government reporter based in London. Here’s today’s Readout. #press
Eskom Latest: Energy Loans for Househilds, Climate Pact Delays
South Africa introduced guaranteed loans for small businesses and households to buy rooftop solar panels as part of efforts to alleviate the impact of unreliable power supply. #press
Markets, Banks, UPS, and Novo (Podcast)
Source: Bloomberg, 58:28 #press
Europe Cuts Back on Firefighters Even as Blazes Ravage Continent
Most EU nations pared their army of firefighters despite extreme weather becoming more frequent and intense. #press
Is the Dream of a US Soft Landing Really in Sight?
Survey respondents don't seem to agree on whether a recession will hit or when, and what it all means for stocks. (Source: Bloomberg) #press
Ercot’s Extremes: Weather, Solar and Bitcoin (Podcast)
Source: Bloomberg, 29:17 #press
What No Landing Looks Like to a Treasury Bond Investor
Bond investors get paid to worry about downside risk. So when risks mount, expect them to show up in bond markets first. We see that in the Treasury market, where yields have pushed up to account for a soft landing and elevated budget deficits. But risks of a recession haven’t gone away. In fact, one... #press