Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
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Yen Rallies Most Since March as Traders Unwind Short Positions
Clorox to Cut More than 60 Jobs at Kentucky Factory in Reorganization Push
BOE’s Mann Highlights Evidence of Embedded Inflation in UK
The US Labor Market Is Starting to Show Cracks. Here Are the Signs
Goolsbee Says Fed on Path to Curb Inflation Without Triggering Recession
New Minimum Wage Rule for NYC Food Delivery Workers Temporarily Halted by Judge
Former VW Executives Ordered to Testify in Investor Suit
EU Users Find Ways to Download Meta’s Unavailable Threads App
China Ends Probe of Jack Ma-Backed Ant With $984 Million Fine
CEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish Startup
AI Tool Shows Promise For Treating Brain Cancer, Study Finds
Musk Lauds China’s AI Prowess While Warning of Tech’s Dangers
Nine British Banks Sign Up to New AI Tool for Tackling Scams
Dutch Cabinet Falls Abruptly After Disagreement on Asylum Policy
Congressman Gallego Takes Paternity Leave After Daughter’s Birth
The Secret to Selling Houses in a Downturn
The Hunt for Best Bank Savings Rate in China May Require Trekking Hundreds of Miles
Thais Beg Taylor Swift to Make Up for 2014 Post-Coup Cancellation
Ultra-Wealthy Continue to Prop Up Dubai’s Luxury Property Market
Job Market Is Giving the Fed What It Wants — Just Slowly
China’s Quest for a Mighty Yuan Could Be a Mighty Yawn
Alzheimer’s Drug Gets FDA Nod But Hurdles Remain
How Africa Can Take Charge of Its Drug and Vaccine Supplies
How Mobile Money Is Bringing Electricity to the World’s Poorest
A Pop-Up Concert Company Gives Bands a Place to Perform, and 70% of the Profit
Mortgage Lender to Underserved Groups Accused of Lying About Borrowers
New Minimum Wage Rule for NYC Food Delivery Workers Temporarily Halted by Judge
Zuma, Who Stymied Green Power, Pitches Belarus Carbon in Africa
Shipping Regulator Falls Short of 1.5C-Aligned Climate Goals
The Untapped Power of E-Bike Rebates
Manhattan DA Says 6 Indicted in Adams Campaign-Financing Probe
Can a City Feed Itself?
Polygon Names New CEO, Shuffles Top Executives as SEC Expands Oversight
Winklevoss Twins’ Gemini Sues Crypto Conglomerate DCG, Citing Fraud
JPMorgan Doubts That the Approval of a US Bitcoin ETF Would Be a Game-Changer
Julia Fanzeres and
Alex Longley
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Oil headed for a second weekly gain after OPEC+ leaders Saudi Arabia and Russia tightened supplies.
West Texas Intermediate rose to the highest intraday price in almost a month, supported by risk-on sentiment Friday that propelled gains across markets. Crude is on track for its first back-to-back weekly increase since May, with near-term time spreads flipping into a narrow backwardated structure, a bullish pricing pattern.