Just when markets appear to be moving past the months-long drama around the US debt ceiling, holders of risky assets such as cryptocurrencies are likely facing a fresh challenge while the Treasury looks to rebuild its depleted cash balance with an estimated $1 trillion Treasury-bill deluge.
The last-minute deal to raise the debt limit averted a US default, but risks making brinkmanship over federal borrowing a seasonal event as lawmakers wage fiscal war in Washington.
Amazon.com Inc. has been talking with wireless carriers about offering low-cost or possibly free nationwide mobile phone service to Prime subscribers, according to people familiar with the situation.
President Joe Biden could sign a bill suspending the debt ceiling as soon as Saturday, his press secretary said, with the Treasury Department signaling that’s enough time to avoid running out of cash.
(Bloomberg) — FTX Trading Ltd. and its affiliates joined a smattering of other creditors of bankrupt crypto lender Genesis Global Holdco in objecting to extending court-mediated settlement talks, according to a court filing.
Frank founder Charlie Javice pleaded not guilty to charges that she defrauded JPMorgan Chase & Co. in its $175 million acquisition of her college financial-planning site.
President Gustavo Petro’s chief of staff and Colombia’s ambassador to Venezuela stepped down amid a widening probe into allegations of phone tapping and abuse of power, delivering another blow to an administration already reeling from legislative setbacks.
CIA Director William Burns made a secret visit last month to Beijing, where he met with Chinese intelligence officials, according to a US official, a visit that comes as the Biden administration tries to stabilize relations with its main geopolitical rival.
Europe’s car-financing businesses are trading in their cheap bonds for more expensive debt — which means higher car loan rates for customers.
(Bloomberg) — A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.
