New Carbon Offset Rules Aim to Clean Up Company Climate Claims
To meet the guidelines, businesses must publish annual emissions and adopt targets dictated by science.
Bloomberg Tech
Insider Trading Is Widespread in a Popular Corner of the Crypto Market
Insider trading is rife in a popular corner of the cryptocurrency market.
Crypto Discounts Worsen on Binance US as SEC Impact Takes Hold
The impact of enforcement action against Binance.US is affecting the prices of cryptocurrencies on its exchange, making more difficult for American investors to offload holdings on the platform without taking a steep hit.
Porsche Flags €20 Billion Electric, Software Push at First Shareholders Meeting
Porsche AG will spend more than €20 billion ($21.9 billion) in the coming years to equip models including its planned new Cayenne sport utility vehicle with top-line electric and digital technology to bolster returns.
Hedge Fund Davidson Kempner Reviews $250 Million Byju’s Loan as Crisis Grows
Davidson Kempner Capital Management isn’t fully disbursing a $250 million loan it had extended to the Indian ed-tech firm Byju’s as the US hedge fund reviews the lending decision in light of an escalating crisis at the company, according to people familiar with the matter.
Wall Street Set for Weaker Open as Chipmakers Drop: Markets Wrap
US stock futures pointed to a weaker Wall Street open, with losses concentrated in large chip stocks after a report that Washington lawmakers are considering new curbs on sales to China.
Microsoft’s Lineup of Exclusive Games Draws Fire From Deal Foes
US officials suing to stop Microsoft Corp.’s $69 billion purchase of Activision Blizzard Inc. argue the software giant’s recent acquisition history suggests it’s motivated to rope off blockbuster video games from competitors.
Lordstown CEO Was Ghosted by Foxconn Unit a Year Before Collapse
Lordstown Motors Corp. executive Ed Hightower flew to Taiwan from Detroit last year for meetings with leaders of Foxtron, a company affiliated with iPhone assembler Foxconn Technology Group, for talks he thought would kick off development of a new electric vehicle. The CEO ghosted him.
EU Moves Ahead With Push to Create Digital Euro for Payments
The European Union’s executive arm offered its vision for a digital euro that would facilitate payments but not serve as an investment tool.
Chip Stocks Drag Down US Futures; Stoxx 600 Gains: Markets Wrap
The biggest US chipmakers fell heavily in premarket trading on a report that Washington lawmakers are considering new curbs on chip sales to China.