Israel’s Debt Rating Put On Review for Downgrade at Moody’s
Israel’s debt rating was put on review for downgrade at Moody’s Investors Service as the violent conflict with Hamas escalates.
Bloomberg Top News
Wall Street Hit by Volatility on Geopolitical Risk: Markets Wrap
Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook.
HPE Slips After Giving Disappointing Cash Flow, Profit Outlook
Hewlett Packard Enterprise Co. slid as much as 4.2% in postmarket trading after the computing-services provider delivered a disappointing outlook for cash flow and profit.
Lilly Files Trade Complaint To Block Weight-Loss Drug Knock-Offs
Eli Lilly & Co. filed a complaint with the US International Trade Commission against companies around the world that it alleges are importing, selling and distributing unapproved versions of Mounjaro, its blockbuster drug for diabetes that’s often used for weight loss.
Emerging Market Losses Deepen as Treasury Yields Edge Towards 5%
Losses in emerging-market stocks and bonds deepened as the rise in US Treasury yields and concern about a wider conflict in the Middle East pushed investors to unload riskier assets.
Javier Milei Gets a Challenge From Team That Beat Jair Bolsonaro
A team of top Brazilian campaign strategists that helped President Luiz Inacio Lula da Silva defeat his right-wing opponent Jair Bolsonaro in last year’s election is now seeking to repeat the feat in Argentina.
US and EU Stall on Steel Accord, Risking a Return of Tariffs
The US and European Union have yet to reach an accord on steel and aluminum ahead of a summit in Washington and are poised to keep negotiating until a year-end deadline, when tariffs would return on billions of dollars of transatlantic trade in the absence of a deal.
Bezos-Backed Startup Convoy Closes Operations With No Buyer
Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, is closing down its business after a four-month search for an acquirer failed, its founder and Chief Executive Officer Dan Lewis told employees in memo Thursday informing them, “Today is your last day at the company.”
Former Trump Lawyer Sidney Powell Pleads Guilty in Georgia Election Case
Sidney Powell, a prominent conservative lawyer who backed Donald Trump’s efforts to overturn the results of the 2020 election, pleaded guilty and could testify against the former president and others in the election racketeering case in Fulton County, Georgia.
Blackstone Profit Drops 12% on Deal Slump, Shares Tumble
Blackstone Inc., grappling with higher interest rates and stung by a pullback in dealmaking, reported a 12% decline in quarterly profit available to shareholders.