Record Dividends No Match for Recession Woes Gripping Market
Even record dividends aren’t tempting investors enough to bet on stocks they see as more vulnerable in a recession.
Bloomberg Business
Bollore CEO Says Vivendi Share Sale Takes Buyout Off the Agenda
French conglomerate Bollore SE isn’t planning to take over Vivendi SE, according to the company’s Chief Executive Officer Cyrille Bollore.
Debt-Limit Doomsday Clock: What June Looks Like for US Treasury
(Bloomberg) — Treasury Secretary Janet Yellen has warned the US is “highly likely” to default in early June if Congress fails to lift or suspend the legal limit for government borrowing.
German Business Outlook Drops Amid Weak Factory Performance
Germany’s business outlook deteriorated for the first time since October as a struggling manufacturing sector threatens to undermine the recovery of Europe’s biggest economy.
AI Startup Figure Raises $70 Million for Humanoid Robot
AI robotics startup Figure raised $70 million to help develop a humanoid robot that it believes could one day take on a wide range of tasks traditionally performed by people.
Australia’s Treasury Refers PwC Tax Scandal to Police for Probe
The Australian government has referred a PricewaterhouseCoopers tax scandal to the police and asked them to consider a criminal investigation as political scrutiny mounts.
Russian Wagner Chief Blasts Outcome of Putin’s Ukraine War Goals
The founder of the Wagner mercenary group delivered a scathing critique of the outcome of President Vladimir Putin’s war goals in Ukraine, highlighting growing nationalist anger at Russia’s faltering 15-month invasion.
Ericsson Cleared by Nasdaq Stockholm in Iraq Insider Case
Nasdaq Stockholm cleared Ericsson AB of any violations regarding the Swedish telecom company’s disclosure of a probe into corruption in Iraq.
PacWest to Sell Civic Financial to Real Estate Lender Roc360
PacWest Bancorp agreed to sell its Civic Financial Services unit to real estate lending firm Roc360, as the regional bank seeks to bolster liquidity following turmoil among its peers.
Uber to Add 25,000 Electric Vehicles in India in Green Push
Uber Technologies Inc. is planning to launch 25,000 electric vehicles in India, taking advantage of the country’s clean-energy push to expand its local presence.
