Glen Point Capital co-founder Neil Phillips urged a federal judge to throw out charges that he tried to manipulate the foreign exchange market, saying the US is attempting to criminalize normal trading activity.
A slew of Wall Street analysts have downgraded Estée Lauder Cos. ahead of the beauty company’s quarterly earnings report, citing concerns around a prolonged recovery in its key China market.
US fashion companies urged the early renewal of a trade program that allows thousands of African products to enter the world’s biggest economy duty free, saying that a longer-term arrangement would boost investment in the region.
Federal Reserve Bank of Atlanta President Raphael Bostic urged the US central bank to be cautious not to overtighten monetary policy with inflation poised to continue receding.
Abu Dhabi’s Emirates Telecommunications Group Co. agreed to buy a controlling stake in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia for EU2.15 billion, following through on its plan to boost its global presence.
There’s a lot of talk about bringing manufacturing back to the US as new factories spring up across the country. But the old ones aren’t doing so great.
A UnitedHealth Group Inc. unit improperly denied payment for emergency room visits and urine drug tests, the US Department of Labor alleged in a lawsuit.
Astatine Investment Partners and its managing partners were sued by the private equity firm’s former environmental, social and governance head, who claims she was denied promotion to managing director and carried-interest compensation because she was a woman.
The top Democrat on the House Intelligence Committee said he’s worried that miscalculations between China and the US risk escalating to war, and wants to counter “irresponsible saber-rattling.”
Mounting Treasury-bill supply is creating a “narrow and difficult” path for the Federal Reserve to keep unwinding its massive balance sheet and avoid roiling funding markets, according to Barclays Plc.
