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SubscribeSenator John Fetterman will return to the US Senate the week of April 17, two months after checking himself into a hospital for depression, according to a person familiar with the Pennsylvania Democrat’s plans.
Ajay Banga, the US pick to head the World Bank, appears almost certain to become the anti-poverty lender’s next president after nominations closed Wednesday with no country publicly proposing an alternative candidate.
New Zealand’s government is seeking feedback on proposals for a second crossing for Auckland’s Waitemata Harbour to solve growing traffic congestion problems.
Chevron Corp., BP Plc. and other oil giants bid a combined $264 million in a Biden administration oil-drilling auction, a fresh affront to climate activists smarting from the White House’s approval of an Arctic exploration project.
Nick Clegg, head of global affairs for Meta Platforms Inc., took to the metaverse on Wednesday to insist that the future of computing will take place on that still not-quite-yet-defined virtual world.
Treasury Secretary Janet Yellen told lawmakers that the Biden administration’s proposed international aid spending in Ukraine and elsewhere is critical to strengthening Washington’s leadership abroad and advancing American security interests. Congressional Republicans said US assistance could be better used for domestic priorities.
Federal Reserve Chair Jerome Powell, asked in a private meeting with US lawmakers how much further the central bank will raise interest rates this year, pointed to policymakers’ latest forecasts showing they anticipate one more increase, according to Republican Representative Kevin Hern.
Maker of football, soccer titles sees $200 million in costs from restructuring
US retail sales are expected to reach between $5.13 trillion and $5.23 trillion, growing 4% to 6% by the end of 2023, according to the latest forecast from the National Retail Federation.
JetBlue Airways Corp. is preparing to trim New York flights during the upcoming “very busy” summer travel season after federal regulators asked carriers to reduce schedules by as much as 10% at some of the nation’s busiest airports.
After three months of vacation in Florida, Jair Bolsonaro is finally returning to Brazil on Thursday to assume the role of opposition leader and challenge the leftist government of his foe Luiz Inacio Lula da Silva.
Roark Capital Group is among potential buyers vying for sandwich chain Subway, according to people with knowledge of the matter.
President Joe Biden wants to bring the world’s most sophisticated chipmakers to the US. Taiwan says he should offer them a better tax deal –- one that could infuriate China.
Chinese Premier Li Qiang is making another pitch to foreign businesses in a high-profile speech Thursday, seeking to restore global confidence in the world’s No. 2 economy after years of punishing Covid restrictions and escalating US tensions.
In the 2023 stock market, when one group of companies falls out of favor, another has usually been ready to take its place. The latest winner is firms with the riskiest credit, poised for their best week since January versus their sturdier-balance-sheet counterparts.
Taiwan President Tsai Ing-Wen landed in New York on Wednesday for a stop on US soil that Biden administration officials tried to play down but China said would add new damage to ties between Washington and Beijing.
A Biden administration rule barring states from discriminating against poor LGBTQ people in the distribution of food stamps and other nutrition assistance programs survived a legal challenge by almost two dozen Republican-led states.
The Air Force won’t pursue a hypersonic weapons program under development by Lockheed Martin Corp. as officials signal more support for a different initiative by rival Raytheon Corp.
Peabody Energy Corp.’s shares dropped after the top US coal producer said it evacuated all personnel from an Alabama mine that caught fire on Wednesday.
Congressional Republicans said billions of dollars in US assistance for Ukraine risks being misspent and could be better used for domestic priorities, a fresh sign of the party’s growing ambivalence regarding American support for the war.
Former President Donald Trump is appealing an order rejecting his efforts to block grand jury testimony from several former White House advisers in an investigation into efforts to undermine the 2020 presidential election.
An EV that runs entirely on solar energy is still a pipe dream, but rooftop panels are showing up on models from Hyundai’s Sonata to Toyota's Prius.
Prime Minister Justin Trudeau’s plan to add billions of dollars in new annual spending has some economists worried that Canada is at risk of racking up unsustainable debt — especially if economic growth comes in worse than expected.
Investors aren’t pricing enough bad news into shares of discretionary retailers, according to UBS Group AG.
The Nasdaq 100 Index surged into a new bull market Wednesday for the first time in nearly three years as traders pile into technology stocks and angst around the recent bank turbulence eases.
The ruler of the United Arab Emirates elevated his son to crown prince of Abu Dhabi, effectively positioning him as second-in-line in the major OPEC oil exporter in a move that bypassed older and more experienced royals.
Intel Corp., the biggest maker of computer processors, surged 7.6% after announcing that new products for the lucrative server market will come sooner than expected.
The Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, is considering steering a larger-than-usual portion of that burden to the nation’s biggest banks, according to people with knowledge of the matter.
Terraform Labs Pte co-founder Do Kwon is in a jail in Montenegro, but his ultimate destination will likely be the US or South Korea. Both countries have charged him in connection with an alleged cryptocurrency fraud that wiped out $40 billion in market value.
Pope Francis was hospitalized with a pulmonary infection after having difficulty breathing and will remain in treatment for several days, the Vatican said.
A judge in Los Angeles dismissed a complaint against Sean Penn’s disaster relief organization that claimed a critical email the actor sent the nonprofit’s employees violated labor laws.
Just in time for the 400-year anniversary of the first printing of his (nearly) complete works.
Only about half of the Pentagon’s fleet of F-35 fighter jets are considered mission-capable, well below the target of 65% and a state of readiness the program manager terms “unacceptable.”
A Cuban-American freediver who set 21 world records sued Netflix Inc. for defamation, claiming the media giant wrongly depicted him as a murderer in the 2022 film No Limits.
EDP-Energias de Portugal SA said Europe isn’t investing enough in renewable energy and should do more to speed up the permitting process, interconnections and reduce bureaucracy.
A bold options bet on sharp Federal Reserve interest-rate cuts appears to have been closed out for a $10 million profit, quadruple the initial stake, after it became nearly worthless for a time.
A bond ETF with no meaningful flows since it was launched more than three years ago just got an injection of nearly $2 billion.
The Food and Drug Administration approved Emergent BioSolutions Inc.’s Narcan, an emergency opioid overdose reversal treatment, for over-the-counter use on Wednesday. It’s the first opioid antidote to be available without a prescription, which will ease access for thousands of patients and their families. Here’s what you need to know about it:
Lawmakers in Chile, renowned as one of the safest countries in Latin America, approved a series of bills Wednesday to grant security forces more powers and toughen sentencing following the murder of two police officers within 15 days.
Artificial intelligence experts and industry leaders, including Elon Musk, University of California Berkeley computer science professor Stuart Russell and Apple Inc. co-founder Steve Wozniak, are calling on developers to hit the pause button on training powerful AI models.
The Senate repealed two authorizations for the use of force against Iraq after a years-long push by critics who said they had been used to justify military action long after the war was over.
Wall Street analysts think shares of Organon & Co. will get a boost this year from one of the most politically charged debates rampaging across the US: the fight over legal abortion.
First Lady Jill Biden will attend a memorial service on Wednesday evening for the victims of a mass shooting at a Nashville elementary school.
The New York state grand jury hearing evidence about Donald Trump’s role in a hush money payment to a porn star has been given three weeks off and is expected to reconvene on April 24, according to two people with knowledge of the matter.
Audacy Inc., the radio company formerly known as Entercom, is shaking up its podcast leadership and investing in new series as part of a recommitment to the medium.
If electric-vehicle company Nikola Corp. can get its hydrogen fuel cell trucks and filling station network in operation, the company could pull in hundreds of millions a year from incentives in the Biden administration’s Inflation Reduction Act.
France’s largest electric company and a Colombian-American billionaire are pushing ahead with a biomass project in Colombia as the country’s leadership moves to boost power from newer energy sources.
The Federal Deposit Insurance Corp. is coming under pressure from lawmakers to exempt community banks from the special fee it’s preparing to charge US lenders to account for its rescue of uninsured depositors at two failed lenders.
German gas supplier Linde AG is participating in a project to produce e-fuels in Chile, Germany’s Economy Ministry said.
President Joe Biden leads Donald Trump in a hypothetical 2024 general election match-up but trails Florida Governor Ron DeSantis as Republicans consider who would be the most electable standard-bearer.
The two biggest western shippers of Russian grain, Cargill Inc. and Viterra, will halt purchases for export in a shift that will give local firms more control over shipments.
One of the biggest oil producers in Iraqi Kurdistan has started to lower output as a dispute between the region’s government and Baghdad drags on.
Bitcoin renewed its climb toward $30,000 with risk appetite rising across global markets and concern about the fallout from Binance’s legal woes waning.
Element Capital Management is encouraging investors to pull their cash and expelling some who refuse to do so as it seeks to shrink assets by about $3 billion.
The $256 billion market for additional tier 1 debt is still reeling from Credit Suisse Group AG’s debt wipeout.
Walt Disney Co. terminated the employment of Ike Perlmutter, the chairman of its Marvel Entertainment unit, as part of a broader cost-cutting effort.
Healthy children and adolescents may no longer need Covid shots, the World Health Organization said, updating its guidance on vaccines as the world adjusts to living permanently with the virus.
As the crypto industry battles through its latest bout of turmoil, Bitso SAPI’s Mexico chief is looking to reassure both users and investors that the exchange is safeguarding assets and remains fully solvent.
Apple Inc. set a June 5 date for the event where it plans to unveil a mixed-reality headset, the first major new product since its smartwatch debuted eight years ago.
Sticking with the mantra “cash is king” may be a winning strategy for investors this year as turbulence in the financial sector obscures the Federal Reserve’s path and worsens the economic outlook.
New York Metropolitan Transportation Authority Chief Executive Officer Janno Lieber made an 11th-hour plea for consistent funding as an April 1 deadline for legislative approval of the state budget looms.
The UK is set to outline its strategy to speed up the deployment of renewable power and capture carbon, part of a plan to boost energy investment in Britain that lacks the financial might of endeavors in the US.
The US Securities and Exchange Commission is suing Beaxy.com for operating an unregistered exchange, brokerage and clearing business simultaneously, the first such action by the agency against a cryptocurrency platform.
Credit Suisse Group AG continues to help rich Americans hide assets from the IRS almost a decade after a unit pleaded guilty to a tax evasion conspiracy, the US Senate Finance Committee said, as the bank’s woes mount amid broader tumult in the industry.
Forma Brands, the bankrupt owner of the Morphe makeup brand, reached an agreement with lenders Jefferies Finance LLC and Cerberus Capital Management to be acquired in exchange for $690 million in debt relief, according to a court filing.
Big technology companies won a major court victory in Washington, where a judge dismissed a suit challenging the rights of highly skilled H-1B visa holders’ spouses to work in the US.
India announced the fiscal first-half borrowing plan largely in line with previous years amid a global banking crisis that has driven bond yields lower on safe haven trades.
Swiss regulators encouraged UBS Group AG’s move to bring back Sergio Ermotti as chief executive officer to ensure a smooth integration of the bank’s recent takeover of rival Credit Suisse Group AG, people familiar with the talks said.
The Federal Reserve’s top bank regulator on Wednesday said that supervisors could have done more to keep tabs on Silicon Valley Bank before it collapsed earlier this month.
Turkey’s parliament will vote to approve Finland’s membership in NATO on Thursday, following through on President Recep Tayyip Erdogan’s promise to let the Nordic nation into the defense alliance.
For a sign of where oil prices are heading, look to the skies — specifically, China’s skies.
Starbucks Corp.’s recently departed chief executive officer, Howard Schultz, forcefully defended the company’s response to union organizing at a Wednesday Senate hearing, rejecting judges’ and prosecutors’ accusations that the coffee chain repeatedly violated labor laws.
Kenya’s central bank surprised financial markets by raising borrowing costs to an almost five-year high because of sustained inflationary pressures. Bonds gained.
White sugar futures rose for a third day amid mounting supply concerns, elevating its premium over the raw sweetener to a six-month high.
The Irish government moved to reassure US multinationals that the country can address its chronic housing shortage, after American firms identified it as the biggest obstacle to further investment in the country.
The UK head of Electricite de France SA said the company won’t be able to run an aging coal station next winter due to safety reasons, even as the government seeks to secure power supplies.
DBS Group Holdings Ltd.’s digital banking and payment services were restored after an outage that lasted about 10 hours, in a throwback to more than a year ago when Southeast Asia’s biggest bank faced one of its worst tech outages.
SES SA is in talks to combine with rival Intelsat SA to create a satellite giant that can better compete with billionaire Elon Musk.
The US is urging the European Union and other allies to sanction a Chinese satellite company for allegedly supporting Russia’s military operations in Ukraine, according to people familiar with the matter.
President Vladimir Putin’s drive to expand Russia’s armed forces is adding to labor shortages as his war in Ukraine draws hundreds of thousands of workers into the military from other sectors of the economy.
Johnson & Johnson halted development of a vaccine for respiratory syncytial virus infections in adults, leaving a $10 billion market to competitors who are ahead in their efforts.
The Revuelto supercar will roar to 217 mph with 1,001 horsepower thanks to the EV components
It’s the closest you can get to being 007.
A member of Poland’s Monetary Policy Council described a new central bank plan to regulate investor meetings as an attempt to restrict her right to communicate with market participants.
Adani Group executives met US investors, including from BlackRock Inc., Blackstone Inc. and Pacific Investment Management Co., as part of its plans to market privately placed bonds for some of its group companies, according to people familiar with the matter.
Germany’s Greens suffered back-to-back defeats this week at the hands of their two partners in the ruling coalition, giving ground on climate-protection measures and agreeing to a possible exception to the European Union’s proposed combustion-engine ban.
Everything is looking down for Europe’s worst-hit sector: Real estate.
Sergio Ermotti cut thousands of jobs, dismantled large parts of the investment bank and instilled a culture of risk awareness during a decade at the helm of UBS Group AG.
Switzerland’s government has sent the 109 billion-franc ($118 billion) state guarantees for UBS Group AG’s takeover of Credit Suisse Group AG to the country’s parliament for further debate.
Asda reported a steep decline in earnings, a sign of how Britain’s cost-of-living crisis is weighing on supermarket margins.
Even for hedge funds that specialize in taking risks where others won’t, Turkey is a no-go zone before its election in May.
Wall Street banks are looking to start trading private credit loans as they seek to make inroads into the lucrative world of direct lending, a potential first step that could ultimately reshape the largely buy-and-hold market.
Credit Suisse Group AG’s role on a €3 billion ($3.3 billion) initial public offering of private equity-backed skincare group Galderma is under review following the bank’s rescue takeover, people with knowledge of the matter said.
The Czech central bank sought to correct investors’ expectations about when it may start easing monetary policy, calling bets on summer rate cuts “premature.” The koruna gained.
The small-island nation of Vanuatu wants the International Court of Justice to say what countries are obliged to do to cut emissions and help poorer nations cope with climate change.
The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and Switzerland hurt the dollar and franc’s standing as go-to assets for turbulent times.
A judge will decide whether Do Kwon will be extradited to the US or South Korea, Montenegro’s justice minister said, but the Terraform Labs co-founder may first have to serve time in the Balkan state if he’s convicted of traveling on fake documents.
A group of institutional investors who together oversee $11 trillion in assets is placing new limits on the fossil-fuel spending it will tolerate.
Before going dark, a ChipMixer representative exchanged messages with Bloomberg.
Saudi Arabia’s First Mills Co. is planning an initial public offering on the local stock exchange that could value the company at as much as $1 billion, according to people familiar with the matter.
