Two memories of Bob Lee spring to mind for Block Inc. co-founder Jim McKelvey: that he recruited him to work at Square at his wedding in St. Louis, and Jack Dorsey’s effusive praise of Lee’s coding.
House Speaker Kevin McCarthy said Wednesday that Wall Street should be concerned about the political impasse over the US debt ceiling as the country inches closer to a possible payment default.
The dollar has failed to weaken as much as might be suggested by the decline in US bond yields versus international peers, in large part because haven flows into the greenback are helping to prop it up.
Chinese lenders have been a refuge from the crisis of confidence that gripped banks globally. But a corner of the country’s credit market has been showing that smaller lenders aren’t without some challenges of their own.
Rupert Murdoch and his son Lachlan can’t avoid testifying at trial if they’re subpoenaed by Dominion Voting Systems Inc. in the company’s $1.6 billion defamation suit over Fox News’s airing of false claims that it rigged the 2020 presidential election, a judge said.
Madison Square Garden won a legal battle with a group of ticket resellers who claimed the New York venue cancelled their season passes to Knicks and the Rangers games without warning in order to control the resale market.
The looming threat of more blackouts is spurring Texas Republicans to push through a plan that would compel residents and businesses to fund a fleet of new natural gas-fired power plants.
Wall Street saw a renewed flight to safety, with bonds climbing and equities dropping after weaker-than-estimated economic data revived fears that a recession could be in store.
Mexico’s $6 billion purchase of natural gas plants and a wind farm from Spain’s biggest power company is a warning shot to international companies, with the government claiming victory for its nationalist energy agenda.
China’s provincial governments are facing unprecedented debt burdens following a collapse in land sales, a slowing economy and increased spending on Covid testing and lockdowns over the years.
