President Joe Biden will not visit Jordan after the kingdom canceled plans for a summit with Egyptian and Palestinian leaders, according to a White House official, a blow to diplomatic efforts to contain a war between Israel and Hamas that threatens to engulf the region.
Nvidia Corp. suffered its worst stock decline in more than two months after the Biden administration stepped up efforts to keep advanced chips out of China, a campaign that includes restricting the company’s sale of processors designed specifically for the Chinese market.
Hundreds of Palestinians were killed in an explosion at a Gaza City hospital on Tuesday, according to officials in the Hamas-controlled territory.
Wall Street firms will soon face stiffer penalties for running afoul of US derivatives rules and more often admit their misconduct when settling with the Commodity Futures Trading Commission.
A top-performing Japanese small-cap fund is betting that pressure on companies to provide financial information in English will help spur demand for shares that foreign investors tend to avoid.
President Joe Biden’s dramatic war-time visit to Israel and Jordan began to unravel even before he left the ground, after an explosion at a Gaza hospital left hundreds dead and Arab leaders pulled out of a meeting planned for the trip.
Chinese aircraft have sharply increased what the US says is “coercive and risky” behavior in the South China Sea in the last two years, US officials said, calling it a campaign to deny the US and its allies their right to fly in international airspace.
Republican Jim Jordan’s hardball tactics cost him votes Tuesday in his campaign to be US House speaker, dragging out efforts to fill a congressional leadership vacuum into a third week.
The Federal Reserve’s campaign to hike interest rates with the goal of fighting inflation has successfully slowed US consumer spending, said Bank of America Corp. Chief Executive Officer Brian Moynihan.
Canada’s government is examining new measures to rein in short-term rental services such as Airbnb Inc. as policymakers try to cool inflation in apartment and house rents.
