Business

Brazil’s July IPCA Inflation Falls Back Inside the Target Band

Rio Times

Brazil’s July IPCA Inflation Falls Back Inside the Target Band

Brazil · Economy Key Facts Monthly rise Brazil’s IPCA rose 0.07% in July, down from 0.16% in June. Annual rate The 12-month IPCA hit 4.44%, down from 4.64% in June and back inside the 1.5%–4.5% target band. Year-to-date Inflation…

Rio Times

AIG CEO on Earnings, Shipping in Hormuz, AI Buildout

American International Group Inc. Chief Executive Officer Eric Anderson talks about how geopolitical risk is providing great opportunities to the insurer. He also speaks about clients that need to travel through the Strait of Hormuz…

AllAfrica

Nigeria: NCAA Urges Aviation Unions to Suspend Strike Over Alleged Infractions By Air Peace

[Premium Times] The regulator appealed for dialogue as the dispute over unionisation and the five per cent Ticket Sales Charge disrupted flights and stranded passengers in Lagos and Abuja.

AllAfrica

Latvia’s Air Baltic Plans Smaller Fleet, Debt-for-Equity Swap

Air Baltic Corp has outlined a plan to turn around the ailing business by cutting costs and swapping much of its existing bond for equity.

Target appoints its first chief AI officer as big retailers bet on AI

CNBC

Target appoints its first chief AI officer as big retailers bet on AI

Target announced its first-ever chief artificial intelligence officer on Tuesday as retailers race to take advantage of the AI boom.

CNBC

If you can answer this one question, you’ll never worry about money again

If you can answer this one question, you’ll never worry about money again

YNAB founder Jesse Mecham’s new book has a simple system to end the paycheck-to-paycheck struggle.

US Opens In-Depth Antitrust Review of Kone-TK Elevator Deal

The US Justice Department is investigating Kone Oyj’s €29.4 billion ($34.4 billion) purchase of rival TK Elevator, putting pressure on a deal that would create the largest elevator manufacturer in the world.

A historically strong stretch for the U.S. stock market is about to begin

A historically strong stretch for the U.S. stock market is about to begin

Some investors are worried that this AI-powered bull market might be getting a little long in the tooth as it approaches its fourth birthday.

Manus to Resume Independent Operations in Unwind of Meta Deal

The Chinese-founded artificial intelligence startup Manus said it would soon resume operating as an independent company, the latest step in efforts to unwind its purchase by Meta Platforms Inc. after government authorities in China blocked…

Trend-Chasing Funds’ Big Short on Bonds Raises Stakes for CPI

Record short bets against global bonds by trend-chasing investors are lifting the stakes for US inflation reports this week.

Blue Owl Sets $500 Million Bond Sale to Pay Down Credit Lines

Blue Owl Capital Inc. is seeking to raise about $500 million from a bond sale, according to people familiar with the matter, after three of the firm’s private credit funds issued notes this year.

S&P 500 Hovers Near Record Highs on US-Iran Hopes

Stocks traded near all-time highs and bonds rose as hopes for a deal to revive the Strait of Hormuz trimmed a rally in oil prices. Eric Freedman, CIO at Northern Trust, discusses the current market landscape. (Source: Bloomberg)