Stocks fluctuated as traders waded through corporate earnings and awaited Jerome Powell’s speech for clues on the Federal Reserve outlook. Treasuries trimmed losses after the 10-year yield approached 5%.
Elon Musk is dialing back expectations for Tesla Inc. as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer.
Nestle SA is working on products designed to complement a new class of weight-loss drugs after revenue growth weakened to the slowest pace in almost three years.
Canada’s Desjardins Group joined the list of financial firms reducing staff, cutting nearly 400 employees, mostly in Quebec.
Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.
Europe’s executive arm is proposing a two-year delay in implementing a key element of its sustainable finance framework, as complaints mount that businesses can’t keep up.
Oil edged lower as the US eased crude sanctions against Venezuela, denting some of the price gains spurred by the devastating conflict in the Middle East.
Applications for US unemployment benefits dropped last week to the lowest level since January as the labor market kept powering ahead.
Credit Suisse Group AG is ending nine of its 12 outstanding exchange-traded notes as the bank trims the business following its abrupt takeover by UBS Group AG earlier this year.
Bangladesh has reached a pact with the International Monetary Fund that would allow the country to receive further funds under a $4.7 billion loan package.
