Nishad Singh, a former executive at FTX, told Sam Bankman-Fried that he was uncomfortable with the “super ostentatious” $30 million Bahamas penthouse the company bought as a corporate crash pad. But those concerns didn’t stop Singh from moving into the nicest room.
Procter & Gamble Co. reported sales and profit that surpassed analysts’ estimates as higher prices bolstered the business despite a lower volume of products sold.
President Xi Jinping reiterated that China supports Moscow’s efforts in safeguarding its national sovereignty, security and development interests, while seeking a breakthrough in a Sino-Russian gas pipeline that runs through Mongolia.
The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to issue the currency in the coming years, though a final decision has yet to be taken.
Abbott Laboratories’ quarterly results showed growth across medical devices for heart disease and diabetes, a relief for investors who feared popular drugs such as Novo Nordisk A/S’s Ozempic would be bad for business.
United Airlines Holdings Inc.’s shares fell the most in six months after the carrier warned that the suspension of flights to Tel Aviv and higher jet fuel costs would drag profit this quarter well below Wall Street’s expectations.
A new cancer medicine developed by AstraZeneca Plc and Daiichi Sankyo Co. seemed to fall short of investors’ expectations in partial results released early after a data leak at a medical conference.
Stocks were under pressure and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.
Private credit funds at Apollo Global Management Inc. and Goldman Sachs Asset Management are among firms working on a plan to provide a €4.5 billion ($4.8 billion) loan to back a take-private bid for classifieds company Adevinta ASA, according to people familiar with the matter.
As Arab leaders lined up to condemn a deadly explosion that fueled concerns a humanitarian crisis is escalating in Gaza, Israel’s Prime Minister Benjamin Netanyahu made clear Israel will push ahead with its plans to target militants in the territory.
