Key Republican members of the US House of Representatives formally unveiled a bill to establish rules for oversight of crypto markets in the wake of a recent court ruling that is viewed by some observers as favorable for the sector.
The US Federal Trade Commission paused its in-house trial against Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc., opening the door to potential settlement talks.
Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling.
Ecuador President Guillermo Lasso plans to issue at least six new legal decrees and seek major changes to the country’s capital market before he leaves office in early December, he said Thursday.
President Joe Biden has ordered the creation of a working group to study ways to circumvent future brinkmanship over the US debt limit, months after the nation was taken to the edge of default.
China’s top automakers are falling behind their sales targets, suggesting the price war that embroiled the world’s biggest car market in the first half of the year will persist as manufacturers race to meet their goals.
The Bank of Japan is unlikely to make changes to its yield curve control program at next week’s policy meeting, judging from Governor Kazuo Ueda’s recent dovish tone, according to a former top official at the finance ministry.
A tentative rebound in the South Korean won may get an additional tailwind in the second half of the year thanks to the global boom in artificial intelligence.
Consumers’ drive for quantity over quality is transforming the world’s textile industry, sparking an almost doubling in global fiber production over the past two decades.
Netflix Inc. shares fell the most this year after the company projected third-quarter revenue that fell short of Wall Street estimates, suggesting a crackdown on password sharing and a new advertising tier aren’t yet delivering the sales growth analysts anticipated.
