President Joe Biden will be tapping Wall Street donors at a pair of events Wednesday as he steps up fundraising for his 2024 reelection campaign, according to a person familiar with his plans.
Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil company begins paying back Warren Buffett four years after he helped finance its acquisition of Anadarko Petroleum Corp.
China’s increasingly heated car price war is exacting a heavy toll on automakers. Steep discounts have failed to reverse a slide in sales for most manufacturers, and earnings have taken a hit.
Thailand risks flight of some businesses if elected politicians follow through with their litany of campaign pledges that include steep increase in wages and cash handouts, according to industry groups.
Holtec International has received federal approval to build and operate an underground nuclear waste storage facility in southeastern New Mexico.
Steve Schwarzman will hold off donating money to Ron DeSantis for now, after a meeting with the expected presidential aspirant left him unconvinced of the Florida governor’s White House prospects.
Paramount Global, looking to reduce costs as it copes with a loss of traditional TV viewers, is letting go about 25% of the staff in its domestic cable networks and shutting down MTV News after four decades on the air.
US equities slumped ahead of a critical inflation report while the debt ceiling impasse dragged on investor sentiment. The dollar edged higher.
(Bloomberg) — Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back from trading digital assets in the US as regulators crack down on the industry.
Harlan Crow, a Texas billionaire and GOP donor, has refused a request by Senate Finance Committee Chairman Ron Wyden to detail the extent and tax treatment of luxury gifts he provided to Supreme Court Justice Clarence Thomas.
