Viasat Says Troubled Satellite to Delay Growth, Seeks Cause
Viasat Inc. said trouble with its ViaSat-3 Americas communications satellite will delay growth in its business of providing fixed broadband service from space.
Bloomberg Business
UK Property Surveyors Turn More Gloomy as Buyer Demand Declines
Britain’s property market showed signs of slowing to a crawl after a jump in mortgage costs reduced both buyer demand and the volume of sales.
Biden Plans to Seek $25 Billion From Congress, Including Ukraine Aid
President Joe Biden intends to submit a supplemental funding request of at least $25 billion to Congress, according to a person familiar with the plans, setting up a possible showdown with Republicans less willing to provide further financial support for the war in Ukraine.
Trump-Tied SPAC Rallies After Merger Partners Extend Pact Timing
The blank-check firm struggling to take Donald Trump’s social media company public rallied in late trading Wednesday after the two companies reached an agreement that pushes back one impediment to the deal reaching completion. Others still loom.
Congo Central Bank More Than Doubles Benchmark Interest Rate
The monetary policy committee of Democratic Republic of Congo’s central bank more than doubled its benchmark interest rate from 11% to 25% in a move to halt the weakening of the country’s currency.
Biden Says He ‘Never Talked Business’ With Son Hunter’s Partners
President Joe Biden restated he never discussed business with Hunter Biden’s associates, responding to testimony from one of his son’s former partners that he listened in on their calls and dined with them.
Dave Portnoy Paid Just $1 to Buy Barstool Sports Back
Penn Entertainment Inc. had high hopes for Barstool Sports when it bought the online media company in two deals totaling hundreds of millions of dollars.
Virgin Galactic Is Set to Fly First Private Tourists to Space
Virgin Galactic Holdings Inc. is poised to launch its first private space tourists on Thursday morning, the company’s second commercial spaceflight and a long-awaited milestone in founder Richard Branson’s quest to build a “spaceline for Earth.”
Disney Rises as Cost Cuts, Hollywood Strikes Save $3 Billion
Walt Disney Co. rose more than 6% in extended trading after management of the world’s largest entertainment company said capital spending and outlays for movies and TV shows are coming in lower than projected.
New Zealand Banking Inquiry to Focus on Home Lending, Deposits
New Zealand’s investigation into personal banking services will focus on home lending and deposit accounts, according to a preliminary report by the Commerce Commission.