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US Service Sector Expands at a Slower Pace

business

Bloomberg•Jul 6, 2026

US Service Sector Expands at a Slower Pace

The US service sector expanded in June at a slightly slower pace, with the Institute for Supply Management’s services index decreasing 0.5 point to 54. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)

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India Developer Oberoi Seeks to More Than Double Sales Value

Bloomberg

6 Jul 2026, 02:29 pm

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India Developer Oberoi Seeks to More Than Double Sales Value

Oberoi Realty Ltd., an Indian developer known for premium properties, expects to “more than double” its sales value to 135 billion rupees ($1.4 billion) in the financial year through March, its billionaire owner said, reflecting robust demand for luxury homes in the South Asian nation.

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Blue Owl Fund Buys Minority Stake in NBA’s Cleveland Cavaliers

Bloomberg

6 Jul 2026, 02:27 pm

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Blue Owl Fund Buys Minority Stake in NBA’s Cleveland Cavaliers

Blue Owl’s HomeCourt Partners’ Fund acquired a minority stake in the Cleveland Cavaliers, the firm announced Monday.

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Tech Stocks Rebound as Dip Buyers Pounce on Chip Pullback

Bloomberg

6 Jul 2026, 11:51 am

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Tech Stocks Rebound as Dip Buyers Pounce on Chip Pullback

US stocks climbed on Monday as investors jumped on technology shares after the blistering artificial-intelligence trade wavered heading into the holiday weekend.

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Oil Steadies as Traders Weigh Saudi Price Cuts, Product Strength

Bloomberg

5 Jul 2026, 10:02 pm

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Oil Steadies as Traders Weigh Saudi Price Cuts, Product Strength

Oil swung between gains and losses as strength in refined product markets offset pressure from Saudi Arabia’s biggest cut to its flagship crude prices in at least 26 years.

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Saudis Slash Main Oil Price to Rare Discount as Market Dives

Bloomberg

6 Jul 2026, 12:22 pm

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Saudis Slash Main Oil Price to Rare Discount as Market Dives

Saudi Arabia made big reductions to its main crude oil price for buyers in Asia, selling barrels at a discount for the first time since it embarked on a price war in 2020, as a surge of global supply heightens competition to find buyers.