Tesla Changes Up Board With Nomination of Former Tech Chief
Tesla Inc. nominated JB Straubel, a co-founder and former senior executive, to join its board of directors as part of a broader reshaping of the carmaker’s senior management structure.
Bloomberg Business
Traders on Guard Hoping for ‘Just Right’ Jobs Data: Markets Wrap
Wall Street remained unwilling to commit to significant positioning ahead of Friday’s key jobs report, with stocks eking out gains, bonds trading mixed and the dollar barely budging.
Buy Korea Bonds as Chip Woes Make Rate Cut Likely, Shinhan Says
South Korea’s bonds are a buy as weakness in the chip sector drives a slowdown in the economy, backing the case for an interest-rate cut in the fourth quarter, according to Shinhan Asset Management Co.
Biden Wants to Prevent Total Bans on Transgender Student Athletes
The Biden administration is proposing a rule that would prevent public schools and universities from issuing complete bans on transgender students competing in sports, pushing back on Republican efforts to impose restrictions on their participation.
Fed’s Emergency Loans to Banks Fall, But Remain High
Banks once again reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent week, a sign the financial stresses that emerged following a string of bank collapses last month may be stabilizing.
Chicago Faces Tax Hikes After Progressive’s Surprise Mayoral Win
Chicago is bracing for more taxes after progressive Brandon Johnson’s surprising win this week.
Trump Basks in Limelight of Indictment to Lure Donors for 2024
Most politicians would see criminal charges as career ending. Not Donald Trump.
Ukraine Rating Downgraded by S&P on Debt Restructuring Plan
Ukraine’s credit score was cut by S&P Global Ratings after the government unveiled a plan to restructure its external debt before mid-2024.
Startup Pushing Equity in Banking Accused of Discrimination
Current, a $2 billion startup that markets digital banking services to young people and Black Americans, was accused of discriminating against a former senior director and firing her right before she was set to return from leave for breast cancer treatment.
Levi Falls Most on Record as Promotions Hit Profit Margin
Levi Strauss & Co. shares fell the most on record after first-quarter gross margin fell short of expectations due to increased promotions.
