Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education-technology provider, the firm’s lawyer told a judge.
Former Treasury Secretary Lawrence Summers said that he’s still concerned about inflation picking up after wage growth was more than expected in July.
Nigeria’s credit outlook was upgraded to stable from negative by S&P Global Ratings on President Bola Tinubu’s planned reforms.
Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.
Stocks fell as Apple Inc. dipped below the $3 trillion mark and some other megacaps like Tesla Inc. and Meta Platforms Inc. slipped. Amazon.com Inc. rallied after its results. Treasuries rose, reversing some of this week’s losses after a mixed jobs report.
When skepticism shifts to euphoria as quickly as it has in 2023’s stock and bond markets, the comeuppance is apt to be swift.
Apple Inc.’s market value is now decisively below the historic $3 trillion level, after the iPhone maker’s outlook for the fourth quarter sparked worries over tepid demand for its handsets and other gadgets.
Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of spending.
As extreme weather grips the US, GOP members of Congress are slow to link it to climate change and sticking with policies that back fossil fuels.
Oil posted its sixth straight weekly gain, the longest streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended supply curbs into next month and US stockpiles sank by a record.
