Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing by the Federal Reserve as unlikely and is focusing on investments that would perform well in a tougher economic environment or if rates were to rise further.
Italy is targeting a wider budget deficit than previously set this year and next, underscoring the challenge Prime Minister Giorgia Meloni faces in balancing tax-cut promises and souring economic growth.
US-China tensions are boosting the prospects of a Mexican copper smelter project proposed by Southern Copper Corp.
Vedanta Ltd. is nearing a deal to spin off its businesses into several listed entities in a broader restructuring that will help commodities tycoon Anil Agarwal unlock shareholder value, people familiar with the matter said.
Kraken plans to offer trading in US-listed stocks and exchange-traded funds, marking the 12-year-old company’s first foray outside its cryptocurrency roots.
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