Oil Slips as US Stockpile Draw Disappoints, Fed Hikes Rates
Oil slipped from a three-month high as US crude stockpiles fell less than anticipated and traders assessed the Federal Reserve’s interest rate hike.
Bloomberg Business
Trump Says He’ll Revive Stolen-Vote Claim If He’s Charged Over Jan. 6
Donald Trump signaled his false claims about the 2020 presidential election being rigged against him will feature prominently in any criminal trial over his attempts to overturn the outcome of the vote.
Trudeau Shores Up Economic Team Amid Housing, Inflation Problems
Prime Minister Justin Trudeau placed greater emphasis on portfolios such as housing and the Treasury Board in an extensive cabinet shuffle, shoring up his economic bench as his government faces attacks over the rising cost of living.
Gulf States Match Fed With Quarter-Point Interest Rate Increase
Central banks in the Gulf including in Kuwait and Saudi Arabia matched the Federal Reserve’s 25 basis-point rate increase on Wednesday as they aim to protect their currencies’ peg against the US dollar.
Hunter Biden Plea Deal in Limbo After Judge Questions Terms
A hearing over Hunter Biden’s plea agreement with prosecutors regarding his tax charges and a firearm violation ended on Wednesday without a resolution, after a judge refused to sign off on the terms of the deal.
Airbus Drops Interim Ramp-Up Goal, Citing Supply Volatility
Airbus SE removed a target to raise aircraft production past pre-Covid levels and shifted its focus to a longer-term goal as persistent volatility with supplies and a shortage of workers complicate near-term planning.
Meloni to Tell Biden Privately Italy Plans Break With China
Italian Prime Minister Giorgia Meloni is looking to build up a relationship with Joe Biden by pledging to break with China and plans to brief the US president in person Thursday on the delicate choreography of that split.
Giuliani Concedes Making False Claims About 2020 Georgia Election Workers
Rudy Giuliani will concede that he made false and defamatory statements about two Georgia election workers who are suing him after becoming the targets of baseless conspiracy theories following the 2020 presidential campaign.
Billionaire Joe Lewis Pleads Not Guilty in Insider Trading Case
British Billionaire Joe Lewis, who controls Tottenham Hotspur soccer club, appeared in a New York court to face charges that he gave lucrative, and illegal, trading tips to staff on his superyacht, private jet pilots and girlfriends.
US Economy Will Skirt a Recession, Latest CBO Projections Show
The US economy will muster enough strength to avoid slipping into a recession even as higher interest rates and a pickup in unemployment weigh on consumers, fresh Congressional Budget Office estimates show.
