Federal Reserve Chair Jerome Powell hinted the US central bank’s latest interest-rate increase could be the last one, but stopped short of declaring victory on its battle against rapid price increases.
The fallout from the global energy crisis is pushing Thailand to accelerate its shift to renewables after dragging its feet for years, the latest nation to embrace wind and solar in order to reduce dependence on imported fuel.
Workers at Apple Inc.’s unionized store in Maryland are asking for higher pay and additional time off, along with changes that could affect the company’s tightly controlled retail experience, such as letting customers tip employees.
UBS Group AG’s board of directors concluded that buying Credit Suisse Group AG wasn’t desirable just weeks before the firm agreed to a historic, government-brokered deal to purchase its struggling rival.
Wall Street’s excitement about a potential pause in the Federal Reserve’s aggressive tightening campaign wasn’t enough to keep the stock rally going, with Jerome Powell pushing back on interest-rate cuts for now.
The White House warned ahead of President Joe Biden’s meeting Tuesday with congressional leaders that a breach of the debt ceiling would “likely cause severe damage to the US economy” and that a protracted default could result in millions of jobs lost.
The White House warned ahead of President Joe Biden’s meeting Tuesday with congressional leaders that a breach of the debt ceiling would “likely cause severe damage to the US economy” and that a protracted default could result in millions of jobs lost.
US prosecutors won the first-ever insider-trading trial involving digital assets with the conviction of a former product manager at the largest NFT marketplace for using confidential information to make thousands of dollars in profit.
FTX Group is seeking to claw back close to $3.9 billion of cash and crypto from bankrupt digital asset lender Genesis Global Capital LLC and a non-bankrupt affiliate, GGC International Ltd.
Lazard Ltd. is planning to close multiple offices in Latin America to cut costs amid a slowdown in the merger-and-acquisition advisory business, according to people familiar with the matter.
