BUSINESS

View of a construction site for a train station on the Sydney Metro

Australia Business Activity Booms In July, Costs Surge

A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation, though firms also reported record costs amid supply constraints.
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Signage is seen outside of the Moody's Corporation headquarters in Manhattan, New York

U.S. Spending Bill To Cut Inflation, Deficit Over Time - Moody's

A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will bring down inflation over the medium to long term and cut the deficit, ratings agency Moody's Investors service told Reuters on Monday.

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