China Seeks Foreign Investment, US Retail Earnings (Podcast)
Source: Bloomberg, 15:20 #press
Blackstone Eyes More Japan Property After Selling $4.5 Billion
Blackstone Inc. is exploring more acquisitions in Japanese real estate, after selling about $4.5 billion worth in the past year to capitalize on high international interest in property in the island nation. #press
Insurance Pain: Australia Briefing
Happy Monday, it’s Matthew here. This is what you need to know to start your week.Today’s must-reads:• Climate risks cause home insurance pain• Lowe says RBA is in a calibration phase• New Zealand Labour Party’s tax plan #press
Novogratz on Crypto, Woods on Bitcoin ETF (Podcast)
Source: Bloomberg, 35:20 #press
Odey in Talks With Landseer to Transfer Flagship Hedge Fund
Odey Asset Management is in talks with Landseer Asset Management UK to transfer portfolio manager Freddie Neave, who runs its flagship hedge fund, as the troubled firm reaches the final stages of a revamp following sexual assault allegations against its founder Crispin Odey. #press
A Hawkish Shadow: The Bloomberg Open, Asia Edition
Good morning. Bond traders brace for Fed-induced risks. The death toll from the Maui fires rises. And a rare glimpse of the jailed Jimmy Lai. #press
Chicago Mayor Appoints 30-Year Police Veteran as Superintendent
Chicago Mayor Brandon Johnson chose a 30-year veteran of the city’s police department to serve as its next superintendent, one of the most critical decisions of his first year in office as crime rates remain stubbornly high in the third-largest US city. #press
Zuckerberg Says ‘Time to Move On’ From Musk Cage Fight Challenge
Mark Zuckerberg, CEO of Meta Platforms Inc., said it’s “time to move on” from speculation that there will be a cage fight match between him and Elon Musk. #press
Cleveland-Cliffs Offers to Buy US Steel in Cash, Stock Deal
Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers. #press
CBS News President Neeraj Khemlani to Step Down, Variety Reports
CBS News Inc. President Neeraj Khemlani will step down, Variety reported Sunday, citing a memo sent to employees. #press
U.S. Steel Explores Strategic Alternatives After Getting Unsolicited Bids
United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals. #press
Australia’s Climate Risks Are Making Home Insurance Unaffordable
Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed. #press
Iowa State Fair, Cleaning Up Carbon: Your Sunday US Briefing
Hello from Washington, where Congress is on August recess and the fleeting political exodus means our inboxes are stuffed with out-of-office emails. Here are some things you need to know for the week ahead. #press
More Bitcoin ETF Decisions Are Already Looming After SEC Declines to Rule
Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. #press
Iran Oil Exports Exceed 1.4 Million Barrels Per Day: Mehr
Iran is exporting more than 1.4 million barrels of oil per day, the semi-official Mehr News Agency reported, citing the head of the country’s state-run Plan and Budget Organization. #press
Argentina Holds Key Primary Election With Markets on Edge
Argentines begin casting ballots Sunday in a critical primary election that will provide a key barometer of expectations for the general vote two months later. #press
Apple Plans Major ‘Watch X’ Overhaul for Device’s 10-Year Anniversary
Apple’s next line of smartwatches is expected to be a minor upgrade. Behind the scenes, though, the company is working on a revamped “Watch X” update for the device’s 10th anniversary. Also: We’re now able to map out Apple’s full line of future M3 chips based... #press
Swiss Food Suppliers Shift to Road After Derailment, NZZ Reports
Companies are finding alternative routes to transport goods after a freight train derailment this week on the north-south rail axis of the Gotthard tunnel in Switzerland, NZZ am Sonntag reported. #press
China Looks to Attract Foreign Investment as Its Economy Struggles
China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. #press
Atlanta Braces for Chaos as Fourth Trump Indictment Nears
The streets around the Fulton County courthouse in Atlanta where Donald Trump may soon face his fourth criminal indictment were quiet this week as orange barricades and law enforcement created a sense of anticipation. #press
