Wall Street Is in No Mood to Celebrate the Fed’s Last Rate Hike
Markets may have just survived the last of the most aggressive rate hikes in four decades. Few on Wall Street are celebrating.
Bloomberg Business
Iraq to Reap Up to 4.5 Million Tons of Local Wheat This Year
Iraq expects to harvest from 4 million to 4.5 millions tons of domestically-grown wheat to help the nation achieve self-sufficiency this year in its supply of the crop, Agriculture Minister Abbas Jabur said.
France’s CGT Union Agrees to Meet With Macron’s Government Chief
The hardline CGT union, which has been among the forces driving months-long protests against Emmanuel Macron’s plans for pensions reform, agreed to meet with his prime minister.
Alcohol Shots Not on Menu for Japan-South Korea Leaders’ Meeting
Alcoholic shots are not on the menu when Japanese Prime Minister Fumio Kishida visits Seoul for a landmark summit, according to South Korea’s presidential office.
King Charles Crowned in Spectacle Marking Turning Point for UK
Charles III was crowned king, ending his seven-decade wait in a gilded spectacle marking a turning point for the UK and the monarchy as it attempts to adapt to the current era of technological and social change.
Oil Crash Sends Speculators Fleeing at Fastest Pace in Six Weeks
Speculators are once again fleeing the oil market, setting the stage for more extreme price swings.
Iraq Asks for International Aid to Save Its Rivers From Drought
Iraq is seeking urgent international assistance to prevent its Tigris and Euphrates rivers from shriveling as a result of climate change, Prime Minister Mohammed Shia Al-Sudani said at an event in Baghdad.
World Trade Data Begin to Show Early Signs of ‘Reglobalization’
The global trading system is undergoing tectonic shifts that will reorient international supply chains for decades to come.
Berlusconi Suits Up in Milan Hospital to Address Party Faithful
Former Italian Prime Minister Silvio Berlusconi addressed his party faithful Saturday in a video recorded at the Milan hospital where he’s been receiving treatment since early April — railing against Communism and comparing his party to a religion.
Berkshire Hathaway Boosts Pace of Share Buybacks to $4.4 Billion
Berkshire Hathaway Inc. bought back $4.4 billion of stock, an increase from the same period last year, as Warren Buffett’s sprawling conglomerate confronted turbulent markets that offered fewer of the blockbuster deals the investor is renowned for.