Here’s what we’re following right now:

🚘 Elon Musk says he is done offloading Tesla stock after selling $6.9 billion worth, his biggest sale yet. He added he would purchase shares again if he isn't forced to buy Twitter. https://bloom.bg/3BSg4gX

💸 Retail traders are splashing around in the options market again, in what has historically been a bad omen for stocks. https://bloom.bg/3wgNC4T

💼 Donald Trump may have broken the law if he improperly took documents from the White House. Here's what you need to know about the Presidential Records Act. https://bloom.bg/3BWfqPs

Here’s what we’re following right now:

🪖 Ukrainian President Volodymyr Zelenskiy pledged to “liberate” Crimea as speculation swirled about the cause of a major fire at an air base on the peninsula annexed by Russia in 2014. https://bloom.bg/3p9roNX

🌡️ “I’ve never, ever, seen this. It is insane.” Record-setting heat is drying up major rivers across Europe, hitting a region already on the brink of recession. https://bloom.bg/3Qa8wdE

⚖️ Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account. https://bloom.bg/3d9Ff48

Here’s what we’re following right now:

📈 Markets are rallying after US inflation cooled in July. But analysts warn the reaction could be "overdone." https://bloom.bg/3Q9ZayB

⛈️ The basement homes made infamous in "Parasite" may be banned in Seoul after at least four people drowned in such dwellings during the city's worst storm in over a century. https://bloom.bg/3bSfQeZ

🏚️ The snowballing US rental crisis is sparing nowhere and no one. https://bloom.bg/3QnFuri

Here’s what we’re following right now:

🇺🇸 Joe Biden is readying plans to launch his re-election bid after the midterms, setting up a potential 2024 rematch with Donald Trump. https://bloom.bg/3pakFDE

👑 Samsung heir Jay Y. Lee is pardoned by South Korea of bribery charges, allowing him to retake the reins of the country's largest conglomerate. https://bloom.bg/3PxUfGN

🥪 What the great mayonnaise inflation mystery can tell us about prices. https://bloom.bg/3SLhzmT

Here’s what we’re following right now:

📉 President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns on record. https://bloom.bg/3QBazHB

👛 The UK economy shrank in the second quarter for the first time since the pandemic, driven by a decline in spending by households and on fighting the coronavirus. https://bloom.bg/3QDBYZj

🗝️ In an eerie twist, volatile weather and drought this summer are unearthing shipwrecks, ghost villages and many other weird and dark things from the past. https://bloom.bg/3Qz98cs

🇨🇳 China’s economic recovery unexpectedly weakened in July, with Covid outbreaks dragging down consumer and business spending. https://bloom.bg/3C7xWEC

💰 Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms in the days around Moscow’s invasion of Ukraine. His firm didn’t respond to questions about whether it still owned them. https://bloom.bg/3bYl60U

🏡 Will housing prices flatten – or collapse? There’s a high risk of an overshoot, writes Jonathan Levin for Bloomberg Opinion. https://bloom.bg/3dpoTVb

💼 Apple has laid off contract recruiters in a rare move, as it reins in spending and hiring. https://bloom.bg/3w2I7Xa

🛌 The US and China may “sleepwalk into conflict” if they don’t engage and de-escalate tensions over Taiwan, warns Singapore's next leader. https://bloom.bg/3QN7EeO

🏦 The Fed has lost control of inflation, and the cost of bringing it back on target may well be a recession. Can it learn from its past to fix the crisis? https://bloom.bg/3QMyvI1

👀 Elon Musk, who has history of trolling the media, tweeted he is buying Manchester United in a thread joking about his political allegiances. https://bloom.bg/3A51RKW

🩳 It's being called the "mother of all shorts." But pros warn betting against a Hong Kong firm after its mysterious 32,000% rise is extremely dangerous. https://bloom.bg/3PvNDIT

☀️ Joe Biden's sweeping climate legislation looked doomed to fail. Then Bill Gates stepped in. https://bloom.bg/3wbIRcJ

🔎 Hong Kong regulators have probed the parent company of AMTD Digital, which soared as much as 32,000% after its IPO, and searched its CEO's home. https://bloom.bg/3w7TYDt

🎟️ Wall Street's young bankers suddenly find themselves with time to hit the bars and Broadway shows. And it's unsettling them as dealmaking plummets and the prospect of layoffs looms. https://bloom.bg/3dEx8wQ

🛖 Peter Thiel’s plan to build a luxury lodge in a remote part of New Zealand has been thwarted by environmentalists. https://bloom.bg/3QP6Y8T

🏖️ Xi Jinping and Vladimir Putin plan to attend a G-20 summit in Bali this year, Indonesian President Joko Widodo confirmed. https://bloom.bg/3A5GNnC

🏙️ Hong Kong’s home prices could fall as much as 10% in the second half after HSBC and Standard Chartered raised mortgage rates. https://bloom.bg/3QBz9bK

💸 After a 2,240% run, a Tesla visionary regarded by some as a mad genius is leaving his UK fund bleeding money. https://bloom.bg/3QEdxvs

🇸🇬 Singapore will repeal a colonial-era law that criminalizes sex between men. The prime minister called it "the right thing to do," but stopped short of recognizing same-sex unions. https://bloom.bg/3ABysJJ

💸 Don't get too cocky about the $7 trillion rally because the Fed is still on a collision course with financial markets. Stocks and bonds have room to plunge even though inflation has likely peaked, according to a Bloomberg survey. https://bloom.bg/3ACMjjb

✂️ Credit Suisse's investment bankers are bracing for brutal job cuts as the Swiss bank gives up its ambitions to be a titan of Wall Street. https://bloom.bg/3ACvS6g

🛢 Saudi Arabia’s energy minister said “extreme” volatility and lack of liquidity in the futures market are disconnecting prices from fundamentals and may force OPEC+ to act. https://bloom.bg/3AdiRyU

💸 Harvard may lose its title as the wealthiest US college to the University of Texas, where oil-rich land is driving record revenue. https://bloom.bg/3T9ebCI

🍗 And inflation is triggering a fried-chicken price war in South Korea. The nation’s second-largest retailer slashed prices by as much as two-thirds to cash in on frustrated customers. https://bloom.bg/3pDLlwB

💧 China's already-fragile economy is being hammered by the driest riverbeds since 1865, snarling electricity generation at hydropower plants and sparking energy chaos. https://bloom.bg/3AH8F2P

🌊 Meanwhile, the US is waking up to a problem that’s plagued other parts of the world since last year: a potential "tsunami of shutoffs" as people struggle to pay soaring power bills. https://bloom.bg/3CmV3v4

🎤 Don’t call it “quiet quitting.” Backlash is growing against the viral term from Reddit's popular r/antiwork forum, with users arguing employees are just setting healthy boundaries. https://bloom.bg/3AlPjyP

Here’s what we’re following right now:

🪖 Six months into Putin's invasion of Ukraine, the war has upended Russia’s image as a military superpower. https://bloom.bg/3QOWOph

🧠 Ideas that were once unthinkable are starting to gain traction among experts looking at how to solve the UK’s energy crisis. https://bloom.bg/3Tg5gzx

🌡️ Spanish hydropower dams are on course to end the summer at their lowest level in three decades, putting more pressure on electricity costs as Europe’s energy crisis widens. https://bloom.bg/3Cylkqt

☔ Hong Kong suspended morning trading, delaying the city's biggest listing of the year, before tropical storm Ma-on was downgraded from a typhoon. https://bloom.bg/3KlEG3D

🚗 Once Southeast Asia's most valuable startup, Grab has fallen $13 billion behind its rival GoTo. https://bloom.bg/3CvtzUb

☀️ Australia is finally getting serious about emissions, and the major polluter has the capability to power the world with green energy. https://bloom.bg/3PTaOwF

📣🍎 It's official: Apple will hold its big product launch event on Sept. 7, where it’s expected to unveil the iPhone 14. Mark Gurman analyzes what the company’s “far out” event invitation means: https://bloom.bg/3AoUsGy

🌡 There are signs that “inflation fever” is finally breaking. But central banks are still hiking interest rates and the speed of relief will vary by country. https://bloom.bg/3cuIaEG

▶️ And here’s what’s next for Asian markets following the Fed’s hawkish tilt at the Jackson Hole symposium: https://bloom.bg/3TkSEXM

🚔 China arrested hundreds of people allegedly involved in the nation’s largest-ever bank fraud and repaid more victims of the $5.8 billion scandal. https://bloom.bg/3CGWZyI

💰👑 With a $137.4 billion fortune, India's Gautam Adani is now the world's third richest person, trailing only Elon Musk and Jeff Bezos. https://bloom.bg/3CGVtfK

🎾 Serena Williams, who just won the first round match at her final US Open, is getting ready for the next stage of her career as a venture capitalist. https://bloom.bg/3e3GbHN

🇨🇳 Why Xi Jinping won't rule for life, even if he's likely to win a third term at China's biggest political meeting of the year. https://trib.al/X4iYgX6

🚫⏯️ YouTube had to fight terrorists on its platform. But there was a blind spot: White nationalism. https://trib.al/Mc43ADh

🏙️🏝️ Tokyo wants to build a high-tech "mini-city" in its bay. https://trib.al/KjjPmox

🌀 The biggest storm of 2022, Super Typhoon Hinnamnor, is moving into the East China Sea after disrupting flights in Okinawa. China is preparing to halt schools, factories and transportation as needed. https://trib.al/uWyCNeQ

🇨🇳⛔ The UN accused China of committing “serious human rights abuses” against ethnic Muslims in Xinjiang in a report Beijing had tried to block. https://trib.al/eF0a8Bf

⛽ G-7 finance ministers will discuss this week on allowing purchases of Russian oil at a capped price, which could ease global energy prices. https://trib.al/pCeR9DF

Hello, here's what you need to know right now:

📉 Global bonds entered a bear market for the first time in a generation, plunging 20% from their peak last year. https://bloom.bg/3RrJCXh

🔒 China's lockdown of Chengdu has many fearing a repeat of Shanghai's two-month ordeal earlier this year. The city's 21 million residents had just six hours to prepare after the government announcement. https://bloom.bg/3efZcH4

🇷🇺 Russia is holding major military exercises involving China and India as Putin pushes back against attempts by the US to isolate him over the invasion of Ukraine. https://bloom.bg/3Rdv8ue