(Bloomberg) — JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big. Read More
(Bloomberg) — Oil ticked higher as traders weighed the odds of a recession in the US amid Federal Reserve tightening, with President Joe Biden pushing back against the notion that the world’s largest economy faces a contraction. Read More
(Bloomberg) — A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure. Read More
(Bloomberg) — Thermal coal in China has climbed above the government’s price caps imposed last month, prompting regulators to dispatch squads to major mining regions to ensure compliance. Read More
(Bloomberg) — The stock offering for Brazil’s state-owned power company Eletrobras on Thursday raised 33.7 billion reais ($6.9 billion), becoming the world’s second-largest equity deal so far this year, according to people familiar with the matter. Read More
(Bloomberg) — A fall in the prices of a few key global commodity indicators has raised hopes that the world economy may have reached peak inflation. But UK households best not get carried away, economists warn. Read More
(Bloomberg) — The yen is a whisker away from sliding to the lowest in about 24 years as investors ramp up short bets on Japan’s beleaguered currency. Read More
(Bloomberg) — The UK should launch an “an all-out national effort” to reduce energy bills using efficiency measures, according to the head of a major business group. Read More
(Bloomberg) — The speculative darlings of the easy-money era — technology stocks and cryptocurrencies — are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet. Read More