Market News

Iran conflict is reshaping alliances in a way neither America nor Israel foresaw

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FORM 8.3

FORM 8.3

Fast-fashion retailer Shein Global Holdings Ltd. is targeting a valuation in the range of $26 billion to $27 billion in its initial public offering in Hong Kong, according to people familiar with the matter, a sharp drop from its peak value.

Jane Street posted roughly $15 billion of losses in July, its first monthly loss in about a decade, due to its investment in Situational Awareness and wrong-way bets in Asian equity markets. Katherine Doherty reports on "Bloomberg Open Interest." (Source: Bloomberg)

Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails Reuters

Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting "twitchy" further out on the curve. He says the US Treasury is not doing any favors for the taxpayer "by issuing long bonds north north of 5% yield." He speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Badger Meter raises dividend by 10% to $0.44

Sazerac strikes deal for UK’s Au Vodka