Amid a slide in global bonds, the Treasury market briefly restored the full pricing of Federal Reserve tightening by July, which they expect to be the last interest-rate hike in 2023.
New York City sued 30 upstate and Long Island counties for issuing executive orders blocking local hotels and motels from contracting to house migrants sent from the city.
Saba Capital Management’s Boaz Weinstein is known for his credit derivatives bets, but his current focus is about unlocking value from closed-end mutual funds.
The potential for a flood of US renewable projects driven by new tax incentives is at risk of “breaking” power markets by pushing electricity prices to negative levels, according to Wells Fargo.
The Bloomberg Invest conference kicked off Wednesday, with some of the most influential leaders in finance gathering in New York for conversations on a wide range of topics, including artificial intelligence, cryptocurrencies and global trends in wealth management.
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