Funding & Business
New Zealand Concrete Output Hits Fresh Low in Cooling Economy
New Zealand’s concrete production slipped to the lowest level in more than 10 years as cooling economic growth and global uncertainty curb home construction and investment in new commercial buildings.
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Scott Chronert, Citi US equity strategist and managing director, expects a pickup in US equity market volatility and then a year-end rally after the Federal Reserve rate-cut cycle starts. He speaks on “Bloomberg Open Interest.” (Source: Bloomberg)
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Brazilian hedge funds are outperforming their benchmark as the local currency trades near a one-year high and cooling inflation ups the likelihood of interest-rate cuts.
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President Donald Trump filed a $15 billion defamation lawsuit against The New York Times, accusing the paper of serving as a “mouthpiece” for the Democrats. Trump made the announcement on Truth Social. The Times says the lawsuit “has no merit.” Bloomberg’s Suzanne Lynch reports. (Source: Bloomberg)
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