Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).
The $1.3 trillion market for reselling leveraged loans is facing its lowest profitability in years, potentially making it harder for lower-rated companies to refinance debt.
Facebook owner Meta Platforms Inc. is set to be handed a record European Union privacy fine eclipsing a €746 million ($809 million) penalty doled out to Amazon.com Inc..
Facing a second day of grilling from US lawmakers, the once top executives at recently failed banks coalesced around a culprit for their firms’ spectacular collapses: social media.
California startup Energy Vault Holdings Inc. is nearing completion of its first major power-storage project, one of the only systems in the world to generate electricity using gravity.
New Jersey lowered its gross-income tax revenue forecasts by $2.3 billion.
Target Corp. has committed to boosting outreach to older job seekers in its online job postings, according to attorneys who brought a civil rights complaint against the company alleging discriminatory practices.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Wednesday the US government “probably” will not default on its debts.
Marc Lasry, the billionaire co-founder of Avenue Capital Group, said he expects investments in upstart sports leagues like pickleball may offer a higher rate of return to investors than NBA teams.
President Joe Biden expressed confidence that negotiators would reach an agreement to avoid a catastrophic default, even as House Speaker Kevin McCarthy criticized his decision to travel to Japan for an international summit.
