Donald Trump has decided not to testify in the trial of a New York author’s lawsuit claiming he raped her in the 1990s, sparing the former president a grilling on the witness stand.
Twitter Inc. made its second interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.
Oil fell for a third day, dropping below $69 a barrel in New York, as the prospect of a US recession threatened to curb fuel demand.
The Treasury kept its sales of longer-term debt steady for the third straight time, in line with dealers’ forecasts, while unexpectedly announcing a new program to buy back older securities, starting sometime in 2024.
Soon after UniCredit SpA Chief Executive Officer Andrea Orcel took the helm of Italy’s second-largest bank two years ago, it was clear he would begin trimming a workforce he saw as getting in the way of better profitability.
During the pandemic, Wall Street banks and private equity firms invested billions of dollars in startups rolling up popular brands sold on Amazon.com Inc. The bet was that these upstarts, fueled by an online sales boom, would become the next consumer product conglomerates — like Procter & Gamble or Unilever.
European Central Bank Governing Council member Ignazio Visco warned that everyone needs to play their part in avoiding second-round inflation effects.
The US service sector expanded only modestly in April, restrained by the weakest pace of business activity in nearly three years.
Siemens Energy AG is exploring a sale of a high-voltage components unit as the German gas turbine and grid technology maker focuses on core businesses, people with knowledge of the matter said.
CVS Health Corp.’s shares fell after the drug-store chain cut its earnings forecast for the year in order to pay for two major acquisitions that are central to its strategy of moving beyond retail into becoming a health-care provider as well.
