Here’s Why Permitting Reform Is on the Table in US Debt-Limit Talks
Politicians in both parties are unhappy with the current process, but their proposals for how to change it are still far apart.
Bloomberg Business
US Push for Controls on Investment in China Hits EU Resistance
The European Union is cautious about imposing controls on investments into China, despite encouragement from the US to develop tougher legal tools.
CIBC Tops Estimates as Rates Boost Lending Profit Margins
Canadian Imperial Bank of Commerce reported an increase in its profit margin from loans in the fiscal second quarter as the company benefits from rising interest rates.
Office Real Estate Looks Dicey With REITs Plunging to a 2009 Low
Office real estate investments trusts are trading at their lowest level since 2009 as the trend toward remote work leaves desks empty and economic pressures tighten corporate budgets.
US Treasury Discussing Tweaks to Payment Practices as Debt Clock Ticks
The Treasury Department is discussing potential changes to payment procedures for federal agencies as the date approaches by when it will run out of enough cash to make good on all US government obligations, according to people familiar with the matter.
JPMorgan Tells 1,000 First Republic Employees They’ll Lose Their Jobs
JPMorgan Chase & Co. notified about 1,000 First Republic Bank employees that they aren’t being given jobs — even temporarily — following its takeover of the failed lender.
Where’s the Great American Pay Raise? New Numbers Cast Doubt
US weekly wages fell in 2022, according to new Bureau of Labor Statistics figures, revealing widespread softness that wasn’t previously evident in other data.
Aston Martin Unveils New DB12 Coupe Amid Formula 1 Successes
The DB11 follow-up packs a twin-turbo V8 punch.
Extreme Debt-Ceiling Fears Abate Though Markets Still on High Alert
Default-risk concerns are whipsawing Treasuries, from bills to bonds
TSMC in Talks for Up to Half German Plant’s Cost in Subsidies
Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chipmaker, is in talks to receive German government subsidies for as much as 50% of the costs to build its new semiconductor plant in the country, people familiar with the matter said.
