Chinese provinces plan to boost spending on major construction projects by almost a fifth this year as Beijing continues to rely on infrastructure to spur an economy being hindered by consumers still bruised from years of pandemic restrictions.
The Super Mario Bros. Movie scored the biggest opening weekend for a film this year and set records for an animated film in its global debut.
Billionaires Tyler and Cameron Winklevoss dipped into their own pockets to support their crypto exchange Gemini Trust Co., which has faced numerous setbacks during the yearlong market downturn for digital assets.
The Biden administration asked a federal appeals court to suspend a ruling by a conservative US judge in Texas that would block access nationwide to a key drug used in medication abortions — even as it sought clarity on a conflicting order in Washington state.
Bonds tied to commercial mortgages are getting punished as money managers fret that US regional bank blowups will cut the availability of credit, but investors including GMO say there are good bargains available to those willing to carefully vet the securities.
Secretary of State Antony Blinken has formally determined that Evan Gershkovich, a reporter for The Wall Street Journal, has been wrongfully detained by Russia, a finding that authorizes the US to negotiate on his behalf.
US stocks eked out a gain in holiday-thinned trading as investors shrugged off fears of one more Federal Reserve interest-rate hike following Friday’s US jobs data. The dollar climbed.
Movie-theater stocks surged on Monday to extend their recent rallies after the debut of The Super Mario Bros. Movie attracted crowds reminiscent of the years before the Covid-19 pandemic.
Shale producers are surging Monday as traders bet they could be potential takeover targets for Big Oil companies looking to expand after Exxon Mobil Corp.’s reported interest in Pioneer Natural Resources Corp.
Tupperware tumbled nearly 49% Monday, the largest drop on record, to notch an all-time low after the company said it hired financial advisers “to help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern.”
