Legacy Cares Inc., a nonprofit organization created to build and operate a sprawling 320-acre youth-sports and entertainment complex in Arizona, filed bankruptcy, according to a court filing Monday.
Chancellor Olaf Scholz’s ruling coalition is stalling on a proposal to subsidize power prices for industrial companies after Berlin’s fiscally hawkish finance minister questioned the tool and its affordability.
OPEC’s oil production fell last month as Iraq’s exports were reduced by a pipeline suspension while a labor strike cut shipments from Nigeria.
The Biden administration will announce the deployment of 1,500 members of the US military to the southern border ahead of an expected surge of undocumented migrants once pandemic-era restrictions are lifted later this month, according to people familiar with the plans.
US companies are turning to derivatives to lock in future borrowing costs, as corporate finance chiefs worry that financing will grow more expensive amid stubborn inflation, even if markets are bracing for rate cuts in 2023.
Yields on Treasury bills for early June soared in New York trading Tuesday in the wake of a warning from Treasury Secretary Janet Yellen that the US government could run into debt-ceiling limitations as soon as the start of next month.
Donald Trump’s lawyers fired back at Manhattan District Attorney Alvin Bragg’s request to bar the former president from discussing evidence in his criminal case on social media as well as viewing it outside of the presence of his legal team.
CI Financial Corp.’s debt was cut to junk by S&P Global Ratings after the Canadian asset manager asked S&P to stop rating its debt. The shares fell the most in nearly seven weeks.
One of E. Jean Carroll’s friends told a New York jury that the author called her within minutes of allegedly being sexually assaulted by Donald Trump to describe the incident in detail — a potentially crucial piece of evidence in Carroll’s civil lawsuit against the former president.
As American states such as California grapple with harsher and more frequent droughts, the US Midwest is touting its ample water supplies to spur economic growth.
