Home-Power Suppliers Face Slump Despite Grid Outages
Home solar and backup-power companies are facing a slump in US demand despite increased concerns about the reliability of the power grid that’s being battered by extreme weather and heat waves.
Bloomberg Business
K-pop Fans Are Fighting Big Coal to Protect Beach Made Famous by BTS
South Korea’s stubborn coal use is being felt on the country’s east coast, where a new power plant is threatening a K-pop landmark.
Altice Suspends French Executive as Corruption Probe Widens
Altice France suspended a member of its executive committee as a result of the Portuguese corruption probe involving several of its most powerful figures.
EVgo Taps Board Member Badar Khan to Succeed Cathy Zoi as CEO
Electric-car charging company EVgo Inc. said Chief Executive Officer Cathy Zoi will retire in November and be succeeded by board member Badar Khan.
Ex-S&P Analyst Who Cut US Rating in 2011 Says AAA Is No God-Given Right
It’s taken more than a decade, but David Beers is feeling something like vindication after Fitch Ratings downgraded US government debt this week.
Foxconn’s Gou Says US Stocks Would Crash in Case of a Taiwan War
The founder of Apple Inc.’s key Taiwan-based supplier Foxconn Technology Group said US equities would tumble in the wake of any war involving the island that China claims as its territory.
Trading Platform for College Students Sued by SEC Over Capital Rules
A former London Stock Exchange executive settled a Securities and Exchange Commission lawsuit over claims that he ran a chronically underfunded brokerage for college-age day traders.
Wells Fargo to Tap Corporate Bond Market Despite US Credit Downgrade
A handful of borrowers including Wells Fargo & Co. sold fresh debt in the US investment-grade bond market Wednesday, a sign issuers are unphased after Fitch Ratings stripped the nation of its top-tier credit rating.
Kansas City Fed Names Veteran Banker and Regulator as Chief
The Federal Reserve Bank of Kansas City appointed a longtime banker and bank regulator its new president to replace Esther George, who retired in January, continuing a history of naming former financial supervisors to lead the bank.
MetLife Profits Dip as Company Prepares for Reinsurance Deal
MetLife Inc., the biggest US life insurer, said second-quarter profit dipped year-over-year as softer investment income from real estate brought down results.
