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Morgan Stanley’s Wilson Says Take Profits on Defensive Stocks

(Bloomberg) -- Investors should lock in gains on US defensive stocks as their recent outperformance has left valuations looking pricey, according to Morgan Stanley...

Zelenskiy Starts US Trip at Ammunition Plant in Biden’s Hometown

(Bloomberg) -- Volodymyr Zelenskiy began his visit to the US with a stop at an ammunition plant in Pennsylvania, a critical swing state that...

Apollo to Offer Multibillion-Dollar Investment in Intel

(Bloomberg) -- Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in...

Euro-Zone Private Sector Back in Contraction on Factory Slump

(Bloomberg) -- The euro area’s private-sector economy shrank for the first time since March, with a deepening manufacturing downturn heightening concerns that the region’s...

BlackRock Deal Showcases Rise of Saudi Wealth Fund’s New Star

(Bloomberg) -- When BlackRock Inc. landed a $5 billion investment pledge from Riyadh in April, pictured smiling alongside Larry Fink and Public Investment Fund...

Ringgit’s Rally to Sustain After Best Quarter in 50 Years

(Bloomberg) -- The Malaysian ringgit is poised to extend its rally after what’s likely to be its best quarter since 1973 as the central...

China Steel Mills Are Facing a Wave of Bankruptcies, BI Says

(Bloomberg) -- China’s steel crisis is setting the stage for a wave of bankruptcies and speeding a much-needed consolidation of the industry, according to...

Economists Urge China to Ramp Up Housing Rescue to Propel Growth

(Bloomberg) -- China’s housing rescue package offers the best path for putting the country on track to expand around 5%, in the view of...

Gold Rises to Record High Before US Data That May Give Fed Clues

(Bloomberg) -- Gold touched a record high ahead of US data that’s expected to give clues on whether the Federal Reserve’s 50-basis-point rate reduction...

Kepco Shares Plunge After It Refrains From Raising Power Prices

ABC NewsBirmingham shooting results in 'multiple' casualties, police sayFour people were killed and at least 17 others injured in a shooting in Birmingham, Alabama,...

RBA Reforms Face Major Hurdle as Greens Demand Rate Cut

(Bloomberg) -- Australian Treasurer Jim Chalmers’ plans to overhaul the Reserve Bank suffered a major setback after the left-wing Greens party demanded the government...

Coles, Woolworths Sued by Regulator for Misleading Discounts

(Bloomberg) -- Coles Group Ltd. and Woolworths Group Ltd., Australia’s two biggest supermarket chains, have been sued by the country’s competition regulator over claims...

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