The Bank of Canada cut its main interest rate by a quarter percentage point, becoming the first Group of Seven central bank to provide rate relief after global policymakers aggressively increased borrowing costs to tame inflation.
Natural gas futures rose after yesterday’s pullback. On the bearish side are pipeline issues being resolved and still large inventories, while summer heat and strong LNG demand are bullish.
Fabrizio Freda is expected to remain in the top job at the beauty giant despite its sagging performance and division in the founding family over direction.
AI employees fear they aren’t free to voice their concerns, and U.S. prosecutors probe a global hacking-for-hire operation. Also, the SEC is closing its Salt Lake City office after failed crypto case against Debt Box.
