Two members of the billionaire family that controls Rogers Communications Inc. are suing the company, saying they’ve been frozen out of board meetings and blocked from getting information, reigniting a bitter power struggle within one of Canada’s wealthiest clans.
We’re continuing to follow along as former Alameda Research Chief Executive Officer Caroline Ellison enters her third day on the stand in the criminal fraud trial against her ex-boyfriend, FTX co-founder Sam Bankman-Fried.
Hedge fund billionaire John Paulson responded to a federal lawsuit filed by his longtime business associate in Puerto Rico, Fahad Ghaffar, calling it frivolous, false and “utterly without merit.”
Stocks fell and Treasury yields rose as data bolstered speculation the Federal Reserve is nowhere near declaring victory over inflation — with bets on another hike this year climbing.
Crude prices in US physical markets are plunging, awakening interest in American supplies from Asian and European buyers.
LendingClub Corp. said it will dismiss 172 employees in an effort to cut costs and that it expects to report a decline in third-quarter profit.
Offshore wind developers are reevaluating some New York projects after regulators rejected higher rates by Equinor ASA, Orsted A/S and others that would have added as much as $12 billion in costs.
Ultium Cells LLC, the battery venture jointly owned by LG Energy Solution and General Motors Co. faces a $270,000 fine after the US Occupational Safety and Health Administration found 19 violations following an explosion in March.
Ford Motor Co. says its offer of a 23% raise to the United Auto Workers is the best that it can do and that going any higher would hurt the company.
All year, Wall Street pros have been sinking record sums of cash into the world’s largest Treasury ETF in a high-conviction bet that interest rates have peaked. All year they’ve been wrong, with an estimated $10 billion loss — yet that’s not stopping a cohort of dip buyers braving the worst market drawdown in decades.
