US Economy Makes Limited Progress While Companies Temper Hiring
The US economy made more limited progress in the second quarter than initially estimated while separate data showed employment growth is moderating.
Bloomberg Business
S&P 500 Tops 4,500, Yields Drop on Economic Data: Markets Wrap
Stocks rose, while Treasury yields fell as another batch of economic data cemented bets the Federal Reserve is approaching the end of its interest-rate hikes.
SentinelOne Drops Wiz Alliance After Citing Cyber Startup’s ‘Lack of Execution’
SentinelOne Inc. canceled a six-month-old strategic partnership with Wiz Inc., saying the union failed to help it build up its cloud security business.
Einhorn’s Greenlight to Reap Big Gains on Black Knight Bet
Hedge fund manager David Einhorn bet big that Intercontinental Exchange Inc. would succeed in taking over mortgage software company Black Knight Inc. despite US antitrust opposition, and his wager is set to pay off.
Sculptor Rebuffs Och Demand for Merger Records as ‘Vendetta’
Sculptor Capital Management is resisting founder Dan Och’s demand for records and documents related to its proposed merger with Rithm Capital Corp., accusing him of making false claims about the deal as he pursues a “vendetta” against the firm.
Russia in Talks With OPEC+ on Extending Oil-Export Cuts
Russia is discussing with its OPEC+ partners the possibility of extending oil-export cuts into October, but no decision has been made so far, Interfax reported, citing Deputy Prime Minister Alexander Novak in Moscow.
England Pulls Forward Covid Booster Plan as New Variant Emerges
England’s Covid and flu fall vaccine program has been brought forward by about a month as a precautionary measure following the identification of a new coronavirus variant.
UBS Slips in ESG Fund-Manager Ranking on Credit Suisse Deal
The asset management arm of UBS Group AG has slipped in an ESG ranking published by Morningstar Inc., which pointed to its acquisition of Credit Suisse as the main reason for the decline.
Rogers Wins as Court Blasts ‘Unreasonable’ Antitrust Czar
A court ordered Canada’s competition body to pay millions to Rogers Communications Inc., saying the country’s antitrust czar engaged in “unreasonable behavior” in its legal challenge of the company’s takeover of a rival.
Russia Hit by Drone Wave as Kyiv Battles Biggest Blitz in Months
Drone attacks targeted multiple regions of Russia in a widespread retaliatory strike for the Kremlin’s invasion of Ukraine, as the authorities in Kyiv battled the heaviest air assault the city has faced since the spring.