A US nuclear reactor in a project that’s $16 billion over budget and seven years behind schedule cleared a major regulatory hurdle on Friday, bringing it a step closer to full commercial operations.
A seemingly sure-thing bet on AMC Entertainment Holdings Inc. shares has turned out to be anything but, as some traders appear to have more than doubled their money, while others lost over 250%, in just a few months.
Procter & Gamble Co.’s business is seeing a slow recovery in China, in part because of high unemployment among young people.
Mexico’s state oil giant Petroleos Mexicanos received 70 billion pesos ($4.2 billion) from the Finance Ministry as the company seeks to pay off mounting debts.
Goldman Sachs Group Inc. lost Julian Salisbury to a smaller asset manager after a series of changes in a $2.7 trillion unit that it has billed as key to propping up the stock.
US consumer sentiment rose in July to the highest since October 2021 as inflation continued to ease.
Biogen Inc. agreed to acquire Reata Pharmaceuticals Inc. for $7.3 billion, including debt, to expand its rare disease treatments in one of its biggest-ever acquisitions.
Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil-market crash — amid weaker natural gas prices and shrinking returns from fuel sales.
Wells Fargo & Co.’s policies around the firearm industry are being probed by the Texas Attorney General’s office, a potential threat to the bank’s bond underwriting work in the state.
Key measures of US inflation and labor costs cooled significantly in recent months, adding to growing optimism that the economy may be able to avoid a recession.
