Senator Ted Cruz said that “under no circumstances should the United States default on our debt,” as the House prepares to vote on a plan that would raise the debt ceiling but slash federal spending, which the White House opposes.
First Republic Bank has tapped The Messina Group, a consulting firm set up by the former deputy chief of staff to President Barack Obama, for advice on its dealings with the Biden administration as it seeks to negotiate a rescue from turmoil among regional lenders.
Google parent Alphabet Inc. reported first-quarter results that exceeded analysts’ estimates, as the company’s dominant search business weathered the economic downturn and its cloud unit turned a profit for the first time.
Mexico’s central bank will consider halting its cycle of interest rate hikes in the next board meeting in May, Governor Victoria Rodriguez Ceja told lawmakers on Tuesday, confirming the bank’s record monetary policy tightening is nearing an end.
Months before Silicon Valley Bank and Signature Bank collapsed, US financial regulators received warnings about how the industry’s mounting unrealized losses had the potential to spark a crisis.
Meta Platforms Inc.’s head of global affairs, Nick Clegg, called into question the values of TikTok by invoking the anti-China rhetoric that’s become a trademark of lawmakers that want to expel his company’s rival from the US.
Getty Images Holdings Inc. rebuffed Trillium Capital’s almost $4 billion takeover bid, saying the activist investor hasn’t provided any evidence that its proposal, valuing the shares at nearly double the pre-offer price, is “sufficiently credible.”
Carrier Global Corp., the US maker of air conditioners, agreed to acquire most of German family-owned manufacturing company Viessmann for €12 billion ($13.2 billion) to bolster its heating and cooling operations.
Mining reform likely to be delayed until September on details, Mexico Senate leader says in an interview
Accusations that Donald Trump sexually assaulted women were supposed to sink his campaign in 2016. They didn’t. Now, those claims will be put to the test in court just as the former president is ramping up another run for the White House.
