The monetary policy committee of Democratic Republic of Congo’s central bank more than doubled its benchmark interest rate from 11% to 25% in a move to halt the weakening of the country’s currency.
President Joe Biden restated he never discussed business with Hunter Biden’s associates, responding to testimony from one of his son’s former partners that he listened in on their calls and dined with them.
Penn Entertainment Inc. had high hopes for Barstool Sports when it bought the online media company in two deals totaling hundreds of millions of dollars.
Walt Disney Co. rose more than 6% in extended trading after management of the world’s largest entertainment company said capital spending and outlays for movies and TV shows are coming in lower than projected.
Occidental Petroleum Corp. appointed strategy chief Sunil Mathew as chief financial officer, replacing Rob Peterson, who’ll now lead the company’s chemical division.
Avid Technology Inc., a maker of audio and video editing tools, agreed to be acquired by private equity firm STG for about $1.4 billion, including debt.
Bitcoin miner Riot Platforms Inc. made millions of dollars by selling power rather than producing the tokens in the second quarter as the crypto-mining industry continued to grapple with the impact of low digital asset prices.
Charlie Javice accused US prosecutors of trying to turn up the heat in the criminal fraud case against her by blocking information exchanges in a separate lawsuit filed by JPMorgan Chase & Co., which claims she tricked the bank into buying her Frank college financial-planning website.
Ken Griffin’s market-making giant is poised to offer trades in zero-coupon Treasuries, as it ramps up its presence in the world’s largest fixed-income industry.
A slide in big tech and higher energy prices weighed on Wall Street sentiment ahead of inflation data that will help shape the outlook for the Federal Reserve’s next steps.
