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Aug 4, 2023

Party City, Creditors In Talks to Spin Off Balloon Business Ride-Hail Helicopter Service Kicks Off in Brazilian Megacity With $720 Seats Google Wins Limits to Antitrust Claims at Trial Over Search Deals Russian Oil and Grain Export Hub Disrupted by Ukraine's Attack on Warship Bitcoin Loses Mojo After First-Half Rally Fails to Reignite Enthusiasm Argentina Regulator Says Investor Data Hacked, Posted Online JPMorgan Scraps Recession Call in Latest Sign of Rising Optimism China Embassy Rips ‘Brutal’ Russia Border Incident in Rare Move Allianz Hedge Fund Manager Must Face US Fraud Charges, Judge Rules Muni Bank Loans Top $200 Billion to Near Record Diageo Nigeria Says It Can’t Get Dollars Despite Foreign-Exchange Reforms Qualcomm, NXP and Others Team Up to Develop Arm-Rival Chip Tech Top Emerging-Market Stock Picker Touts Brazil’s Easing Cycle Bondholders Start to Pay the Price of Codelco’s Copper Struggles SNC-Lavalin expects to be cash flow positive in the second half of the year: CEO Here’s What Economists Are Saying About the US Jobs Report Block Shares Drop Most Since March After Earnings Disappointment South Africa Draws Up New Rules to Avert Election Coalition Chaos Senior Apple Car Executive Is Sued by SEC Over SPAC Dealings Russian Oil and Grain Export Hub Disrupted by Ukraine's Attack on Warship Bitcoin Loses Mojo After First-Half Rally Fails to Reignite Enthusiasm Bondholders Start to Pay the Price of Codelco’s Copper Struggles Argentina Beef Prices to Pour More Fuel on 116% Inflation Petrobras Cuts Dividends After Political Outcry And Lower Prices Ukraine Recap: Russian Black Sea Port Halts Traffic After Attack European Stocks Set for Worst Weekly Loss In a Month; WPP Falls Wheat Gains as Russia Halts Novorossiysk Port Traffic on Attack Oil Coasts to Sixth Weekly Gain After Saudi, Russia Extend Cuts Putin Orders Windfall Tax on Russian Companies to Help Fund War Part of Slovenia Underwater as Record Floods Kill Several People OPEC+ Panel Stays the Course as Saudis Extend Supply Cuts Morgan Stanley Reaches 70% of $1 Trillion ESG Funding Goal Russia Expects $11 Billion Energy Windfall in 2023 Despite Cap Novelis CEO Says Outlook for Aluminum Demand Improves on Economy Puerto Rico Utility Gets Yet Another Week to Strike a Debt Deal Nikola Hires GM Veteran for Top Role at Troubled EV Maker Shale Worker Pay Drops as Oil and Gas Explorers Seek Relief From Inflation Coffee Shortage Spurs Brazilian Traders to Send Beans to London ​The Daily Chase: Canada loses jobs in July; Amazon earnings impress Canada’s economy sheds jobs but wage growth stays high ​This is what economists are expecting from Friday's national jobs report Toronto home sales and prices up from last July, down from June: TRREB ​The Daily Chase: It's a big earnings day on the TSX ​Expect interest rates to remain high until 2025: former BoC governor The Daily Chase: U.S. credit rating downgraded; Cameco quarterly results New condo prices in Toronto drop for the first time in a decade: Urbanation 6.6 million 'unsafe vehicles' ply the roads despite safety recalls: Transport Canada Rejected agreements show workers are fighting to catch up: experts The Daily Chase: Uber shares surge; TFI reports results U.S. stock traders refrain from big bets after rally The Daily Chase: Tentative deal in port strike; Salesforce pressure point Economy grew in May despite wildfire effects, looks to have slowed in June: StatCan Federal government posts $1.5B surplus for first two months of fiscal year Softness is starting to creep into the Canadian economy: Economists ​Ontario online gambling wagers hit $14B in Q1: iGO report Extreme weather can harm businesses. Can this tool help investors adapt? ​Canadian banks 'show no urgency' in race to net zero: Report China Embassy Rips ‘Brutal’ Russia Border Incident in Rare Move Trump Drops Georgia Lawsuit Over Grand Jury, Promises New Case Kamala Harris Ramps Up 2024 Biden Fundraising in Martha’s Vineyard Russia Sentences Putin Foe Navalny to 19 More Years in Jail South Africa Draws Up New Rules to Avert Election Coalition Chaos Colombian President Says No One is Above the Law as Son Charged With Money Laundering Petrobras Cuts Dividends After Political Outcry And Lower Prices Ukraine Recap: Russian Black Sea Port Halts Traffic After Attack Part of Slovenia Underwater as Record Floods Kill Several People China to Send Delegation to Saudi Arabia Talks on Ukraine War Lithuania Strips Residency Permits of Some Belarusians, Russians Elizabeth Warren Presses FDIC for Information on Banks’ Uninsured Deposits Ethiopia Declares State of Emergency in Amhara After Clashes Japan PM Apologizes for ID Card Problems as He Backs Its Use Top Court in India Suspends Rahul Gandhi’s Conviction Italy’s Meloni Wants to Help Tourists Struggling to Hail a Taxi Germany to Boost Climate, Chips Fund to More Than €200 Billion Xi’s Spent Just Two Days Outside China in 2023 as Problems Mount India Religious Violence Threatens to Tar Modi Image Before G-20 Google Wins Limits to Antitrust Claims at Trial Over Search Deals Bitcoin Loses Mojo After First-Half Rally Fails to Reignite Enthusiasm Argentina Regulator Says Investor Data Hacked, Posted Online Qualcomm, NXP and Others Team Up to Develop Arm-Rival Chip Tech Top Emerging-Market Stock Picker Touts Brazil’s Easing Cycle Block Shares Drop Most Since March After Earnings Disappointment Senior Apple Car Executive Is Sued by SEC Over SPAC Dealings South Africa Spurns US Pressure to Stop Using China’s Huawei Technology Toyota, Chinese Partners Ink Deal to Set Up Robotaxi Venture Cloud Services Industry Shows Early Signs of a Comeback Fortinet Suffers Worst Stock Decline Ever After Cutting Forecast Buffet-Backed Nubank Bets Big on Mexico for ‘Pivotal’ Growth Canada’s Economy Sheds Jobs But Wage Growth Stays High Crypto Hedge Funds Are Being Hit by Shutdowns, Lagging Returns in 2023 Telus Cutting 6% of its Workforce as Profit Slides Stellar Earnings Aren’t Enough to Juice Stock Prices These companies have laid off Canadian workers in 2023 Atlassian Jumps on Cloud Forecast, Quieting Slowdown Fears Coinbase Seeks to Toss SEC Suit, Citing Ripple Crypto Ruling The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Atlassian Jumps on Cloud Forecast, Quieting Slowdown Fears Introducing the ‘No Downside’ Exchange-Traded Fund Coinbase Rally Leaves Analysts Divided on the Crypto Exchange Money Flows Into Commodities Again as Growth Fears Start to Ease MicroStrategy’s Saylor Expects to Retain Appeal Even If Bitcoin ETF Is Approved Ether-Futures ETF Filings Return En Masse Amid Crypto Optimism Lack of ‘Catalyst’ Leaves Crypto Volatility At Multi-Year Lows State Street Undercuts BlackRock, Vanguard With Cheapest S&P ETF Bitcoin Turns Less Volatile Than S&P 500, Tech Stocks and Gold Nomura’s Digital-Asset Subsidiary Gets Full Dubai Crypto License Biggest Oil ETF Sees Record Cash Withdrawal as Crude Tops $80 The Psychedelics Stock Universe Is Shrinking, Despite the Hype BlackRock, Worldcoin, Ripple: Bitcoin Bull Mike Novogratz Dishes on Crypto Traders Are Risking It All on Bets That Market Boom Will Last Surprise Rally in Riskiest Corporate Debt Has Flipside: $7 Billion of Shorts Muni ETF Boom Stalls After Record Gains as Investors Seek Yield Bill Gross Selling Regional Bank Holdings After Making ‘Mucho Bucks’ JPMorgan Gains Ground as BlackRock’s Grip on ETF Market Loosens Sputtering Bitcoin’s Spot Trading Volumes Sink to a 30-Month Low BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Leah Nylen, Bloomberg News A link to Google's proposal to a workable news code on the company's homepage, arranged on an iPhone in Sydney, Australia, on Friday, Jan. 22, 2021. Google threatened to disable its search engine in Australia if it’s forced to pay local publishers for news, a dramatic escalation of a months-long standoff with the government. Photographer: David Gray/Bloomberg , Bloomberg (Bloomberg) -- Alphabet Inc.’s Google will face a scaled-down antitrust suit over its search business after a federal judge threw out some allegations by state attorneys general. In a ruling unsealed Friday, US District Judge Amit Mehta said the state attorneys general couldn’t show that Google’s search results harmed rivals like Yelp Inc. and Expedia Group Inc. Mehta left in place allegations by the Justice Department that Google’s contracts with Apple Inc., Mozilla Corp. and smartphone makers to preload its search engine harmed competition. The states’ allegation on vertical search “relies not on evidence but almost entirely on the opinion and speculation of its expert,” Mehta wrote. “Simply put, there is no record evidence of anticompetitive harm.” The case, set for trial in Sept. 12, will now focus on the agreements Google made with companies to set its search engine as the default, which the plaintiffs allege kept rivals such as Microsoft Corp.’s Bing and DuckDuckGo from gaining the scale needed to compete with Google. Google sought to throw out the two antitrust cases brought by the Justice Department and state AGs, which were filed separately in 2020. The suits allege that Google’s deals to ensure its search engine is the default on web browsers and mobile devices violate antitrust laws. Mehta is overseeing both lawsuits. The cases are US v. Google, 20-cv-03010, and Colorado v. Google, 20-cv-03715, US District Court, District of Columbia (Washington). (Updates with details from ruling in fourth paragraph.) ©2023 Bloomberg L.P.