The US economy is vulnerable to China’s “lock” on critical mineral processing, a senior adviser to President Joe Biden said, likening the situation to the risk Europe faced from its reliance on Russia’s oil and gas amid its invasion of Ukraine.
The Biden administration would support speeding up disbursements from Argentina’s $44 billion program with the International Monetary Fund, if the nation’s authorities can successfully negotiate a new schedule with the lender, according to US officials familiar with the matter.
The recent wave of “idiosyncratic” regional bank failures is stabilizing, but a pullback in bank lending could be a cause for concern, Guggenheim Capital’s Chairman Alan Schwartz said in an interview with Bloomberg Television on Wednesday.
Private credit will keep stepping up as the banking system — stung by the pace of the Federal Reserve’s interest-rate hikes — pulls back on lending, said Jenny Johnson, president and chief executive officer at Franklin Templeton.
Morgan Stanley was sued by an external recruiter who claims it discriminated against him because he is Black, short-changing him on commissions he earned in placing diverse candidates at the bank — even as it treated them with racial bias as well.
Texans are expected to consume a record amount of electricity this summer, forcing the state’s power grid to rely on wind farms and solar plants for the first time to meet peak demand during the season.
Ukrainian President Volodymyr Zelenskiy denied Russian allegations that his government organized an attack on Vladimir Putin’s residence in the Kremlin by a pair of drones.
Goldman Sachs Group Inc. is racing to settle one of Wall Street’s biggest gender-discrimination cases, a move that could help avoid the spotlight and embarrassment of a class-action trial that’s weeks away.
For Bloomberg’s TOPLive blog on the Fed decision and press conference, click here
Airbus SE vowed to turn around its slow pace of aircraft deliveries in the second half after lackluster output weighed on profit and sales in the first quarter.
