California Democrat Khanna Calls for Senator Feinstein to Resign
California Representative Ro Khanna called for the state’s Senator Dianne Feinstein to resign saying in a tweet that it’s “obvious she can no longer fulfill her duties.”
Bloomberg Business
PBS Joins NPR in Quitting Twitter Over State-Backed Label
The Public Broadcasting Service has followed National Public Radio in quitting Twitter after the social media network labeled both organizations as government-backed media.
Dish Drops to 24-Year Low on Concerns About Subscriber Losses
Dish Network Corp. fell to a 24-year low Wednesday after Barclays became the most recent Wall Street analyst firm to cut the stock’s target price in what has been a challenging year for the nation’s second-largest satellite TV provider.
Argentina to Hold Benchmark Rate Despite March Inflation Fears
Argentina’s central bank board will keep its benchmark interest rate unchanged on Thursday at a weekly meeting despite expectations that inflation data coming Friday will show prices accelerated last month.
Chevron CEO Gets 10% Raise, Boosting Pay to $1.85 Million for 2023
Chevron Corp.’s Chief Executive Officer Mike Wirth just got a raise of about 10%, taking his 2023 base salary to $1.85 million as the company reaped bigger profits and cash flow in the past year thanks to higher energy prices.
Edwin Artzt, Procter & Gamble CEO in 1990s Overhaul, Dies at 92
Edwin Artzt, who as chief executive officer of Procter & Gamble Co. doubled profit during the 1990s while eliminating unprofitable brands, closing factories and expanding business overseas, has died. He was 92.
FTX Is Considering Using Creditor Money to Restart Crypto Exchange
FTX may use money marked to repay customers to restart its failed crypto exchange because the project would require a significant amount of cash, a lawyer for the company said in court Wednesday.
A G-20 Finance Meeting Communique Is Unlikely Again Amid Russia’s War
Russia’s invasion of Ukraine will likely to continue hampering efforts by global financial leaders to chart a unified path forward for the global economy.
Brainard, Unlike Yellen, Sees Signs of a Pullback in Bank Credit
Treasury Secretary Janet Yellen has said she’s seen no indication of a contraction in credit following the failure of a string of US banks last month.
Bailey Says BOE Financial Stability Issues Will Not Affect Rates
The Bank of England will not be diverted from its fight against inflation by risks to financial stability from higher interest rates, Governor Andrew Bailey said at an event in Washington.
