Elon Musk-loving stock traders are famously bullish on Tesla Inc., the eighth most-valued company in the world. Now credit-rating providers, playing catch-up, are giving heft to the automaker’s blue-chip valuation.
India’s economic activity held steady in February though there were early signs of slowing consumption amid concerns of future growth prospects and hawkish monetary policy.
Germany’s finance ministry signaled to the country’s regional governments and municipalities that the days of generous emergency funding to offset the impact of the war in Ukraine and the energy crisis are over.
Two Credit Suisse Group AG equity capital markets managing directors have resigned from the firm, according to people with knowledge of the matter.
JPMorgan Chase & Co. and Deutsche Bank AG must still face lawsuits alleging that they knowingly benefited from Jeffrey Epstein’s sex-trafficking venture, but a judge threw out several of the claims against them.
Governor Gavin Newsom struck a deal Monday with legislative leaders on a proposal to limit how much profit oil companies can make in California and establish a watchdog to monitor gasoline prices.
House conservatives said they would oppose any universal guarantee of bank deposits above the current $250,000 FDIC insurance cap, even as other lawmakers said they’re weighing a statutory increase in the limit following two recent bank collapses.
First Republic Bank’s shares tumbled 47% to an all-time low after S&P Global lowered its credit rating for the second time in a week and as executives from major banks discussed fresh efforts to stabilize the lender.
TikTok is intensifying its public-relations blitz days before its chief executive officer testifies on Capitol Hill this week, but congressional aides say there’s little he can say that will convince lawmakers the app can be insulated from Chinese influence.
The White House has a message for those watching for a sweeping US response to the global banking crisis: It’s now in the hands of Congress.
