Hugging Face Hack, . . .Rate Hikes, . . .Economic Woes or Not, . . .CXMT, . . .Breakout Moment, . . .Debt Swap is Smart Self-Defense

 PART ONE

FADEL ITANI/AFP

Lebanon Flare-Up and Gaza Strikes Dent Mideast Peace Prospects

The latest setback in efforts to end parallel wars in the Middle East that have dragged on for months.

CL1

0.08%

CO1

0.77%

Related

Trump Reduces US-South Korea Drills, Citing Lack of Help on Iran

Covert Mideast Oil Flows Are Keeping Global Prices in Check

Alex Wroblewski/Bloomberg

Goldman Says Markets Too Hawkish on Betting Fed Will Hike Rates

Traders have pushed back their expectations for the next quarter-point Fed hike to January.

Related

Bonds Face a Bigger Threat Than the Fed as Global Rates Climb

Technology Stocks Lift Equities as Treasuries Rise

VCG/AP Photo

China’s Economic Woes Mount With Disappointing Start to Half

China’s economy got off to a sluggish start in the second half.

China New Home Prices Fall at Faster Pace, Damping Rebound Hopes

Copper Squeeze Builds in London as Futures Advance Toward Record

Andrey Rudakov/Bloomberg

CXMT’s Rise to Most Valuable China Firm Heralds New Tech Era

The memory chipmaker overtook Tencent as the country’s most valuable company.

Businessweek

China’s Chip Industry Is Having a Breakout Moment

Javier Rojas/PI/ZUMA Press/Shutterstock Editorial

The Big Take

‘I Hate Losing’: Mark Walter Rushes Makeover as DOJ Probes His Empire

The CEO of Guggenheim Partners and owner of the LA Dodgers flipped the Lakers within a year and has explored other steps to pay down loans from his insurers.

Bloomberg Opinion

The Americas’ Challenge to Middle East Oil Won’t Let Up

By Javier Blas, Columnist 

Jane Street’s $15 Billion Debt Swap Is Smart Self-Defense

By Paul J. Davies, Columnist

The Test of US-China Ties Is in the Western Pacific, Not Washington

By Hal Brands, Columnist

Markets Are Serene in Their Summer Sargasso Sea

By John Authers, C

PART TWO 

Buddhika Weerasinghe/Bloomberg

Japan’s Slower Growth Complicates BOJ’s Messaging on Rate Hike

The figures came as Japan’s economy faces fallout from the conflict in the Middle East.

Japan 10-Year Yield Rises to Highest Since 1996 on BOJ Hike Bets

Simon Wohlfahrt/Bloomberg

Banks Cheer as Trump’s Regulatory Rollback Spreads to Europe

Bankers in Europe are increasingly hopeful their regulatory constraints will ease

Watch: Beef Prices Stay High as US Cattle Supply Shrinks

Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit

After absorbing nearly two years of surging beef prices, Americans are finally showing signs that they have reached their limit.

Screwworms Crossing to the US Threaten to Prolong Pain for Ranchers in Mexico

AstraZeneca Stops Cancer Drug Trial as Success Seen Unlikely

Alex Cooper Leaves Long-Time Agent, Seeking New Help to Build Media Empire

PART THREE 

Markets

Odd LotsETFsCryptoDeals

Andrey Rudakov/Bloomberg

What the OpenAI-Hugging Face Hack Really Tells Us About AI Danger

Is Washington still asleep at the wheel?

Chinese Steel Output Tumbles as Economic Conditions Worsen

India to Announce Banking Review Committee Soon, Sitharaman Says

Bloomberg.com

an hour ago

How to Train AI Models After OpenAI-Hugging Face Hack - Bloomberg