Russia’s government is considering cutting subsidies to the nation’s oil refineries as it looks for ways to limit spending amid the costly war in Ukraine, according to people familiar with the matter.
Layoffs at major US companies are translating into a recruiting opportunity for small businesses.
Lina Khan isn’t going anywhere anytime soon.
Speaker Kevin McCarthy’s plan to link spending cuts to an increase in the US debt limit would result in fewer teachers and more expensive college educations, the Biden administration warned Tuesday.
South Korean President Yoon Suk Yeol stressed trust ahead of his high-stakes talks with President Joe Biden, whose administration is looking to align more with the long-time US ally on China and Russia.
Investors bought US stocks for the first time in a month last week, with purchases from hedge funds outweighing continued selling from both institutional and retail traders, according to Bank of America Corp.’s client flow data.
Many emerging markets assets have not been able to ride on China’s reopening coat-tails this year as it has been too domestic, according to Goldman Sachs Group Inc.’s Caesar Maasry.
The opportunities and challenges of the global energy transition are driving discussions on the second day of the BNEF Summit in New York. The push to slash emissions is expected to attract $196 trillion in investments through 2050, according to BloombergNEF.
The online video game beloved by former FTX head Sam Bankman-Fried will soon be no more, after its developer was unable to find a way to continue operating following the crypto exchange’s collapse.
Citigroup Inc. Chief Executive Officer Jane Fraser said the company’s efforts to exit its retail-banking operations in Mexico are taking longer than anticipated, though the Wall Street giant remains in active dialog on the plan.
