A week before Glen Point Capital co-founder Neil Phillips allegedly manipulated the foreign exchange markets to trigger a $20 million option, Morgan Stanley offered to buy the option back for $13 million, a witness testified on the first day of the former hedge fund executive’s fraud trial.
Labor unions halted plans to strike at Chevron Corp.’s liquefied natural gas facilities in Australia, ending a dispute that had roiled global markets for the fuel.
Amazon.com Inc. offered to settle an antitrust investigation by the California attorney general’s office days before the state filed suit accusing the e-commerce giant over policies that allegedly lead to “artificially high prices” for consumers.
Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.
Even as the conflict in the Middle East threatens to escalate, Wall Street traders remain squarely focused on ever-soaring Treasury yields and corporate America’s profit trajectory — with limited appetite to pay up for hedges.
Nishad Singh, the former director of engineering at FTX, faces cross-examination at the Sam Bankman-Fried trial Tuesday.
Donald Trump is appealing a partial gag order that prohibits him from publicly criticizing witnesses, prosecutors, and court staff involved in the federal election obstruction case against him in Washington.
Republican Jim Jordan’s hardball tactics cost him votes Tuesday in his campaign to be US House speaker as 20 GOP holdouts withheld support from the ultra-conservative backed by former President Donald Trump.
Oil settled near $86 after a choppy session as traders assessed the intensified diplomatic efforts by the US to contain the crisis in Gaza.
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.
