House Speaker Kevin McCarthy on Thursday escalated demands for President Joe Biden and Democrats to avoid a debt-ceiling crisis by embracing the plan that House Republicans passed the day before on party lines.
T-Mobile US Inc. missed Wall Street’s estimates for revenue and mobile phone subscriber growth but still raised its forecast for wireless customer gains for the year. The results, coming after those of its peers, may be a sign of cooling in the consumer spending environment.
The corporate shell of an ex-industrial chemical maker filed for bankruptcy after a South Carolina jury ordered it to pay more than $29 million to a woman who blamed tainted talc in cosmetic products for causing her cancer and a judge appointed a receiver to insure the award was paid.
The Oakland Athletics are poised to leave the Bay area, but officials in their new Las Vegas home are holding back the welcoming party.
Mark Zuckerberg’s wealth soared by more than $10 billion on Thursday, his third-biggest jump on record, after Meta Platforms Inc. surprised investors with robust first-quarter sales.
An Ohio man photographed lounging in a bathtub full of dollar bills must serve four years in prison for stealing 713 Bitcoin from a computer device seized by the government in a case against his older brother.
David Einhorn’s Greenlight Capital is betting against Wall Street in a wager that Intercontinental Exchange Inc.’s $11.7 billion acquisition of Black Knight Inc. is most likely to go through.
The Teacher Retirement System of Texas is considering a $1.5 billion investment in the warehouse business.
The UK government has signaled it will break its pledge to carry out a “bonfire” of legislation dating from Britain’s membership of the European Union, risking the fury of Conservative Brexit supporters.
The US’s $39 billion of incentives to boost its production of microchips is unlikely to fully close the output-cost gap with Asia, but other benefits such as proximity to clients bolster the case for more American output, the official leading the project said.
