Bitcoin hit $40,000 for the first time since May 2022 as the largest digital asset extended this year’s rebound on expectations of interest-rate reductions and greater demand from exchange-traded funds.
Alaska Air Group Inc. has agreed to buy rival Hawaiian Holdings Inc. in a $1.9 billion cash and debt deal, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership between carriers.
Asian stocks are set to climb in early trading as markets parse Federal Reserve Chair Jerome Powell’s reminder that policymakers are in no hurry to ease interest rates.
Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer has just hours to avoid another bleak milestone: liquidation.
One of the chipmaking industry’s small but indispensable suppliers is sinking deeper in debt because it’s refusing to raise prices to cover mounting capex costs.
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