Three Federal Reserve policymakers expressed confidence in the actions taken to bolster the financial system and stressed the need to curb high inflation despite concern over banking strains.
Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn’t already own and taking the Nasdaq-listed firm private, according to people with knowledge of the matter.
(Bloomberg) — Foreign central banks liquidated Treasury holdings at the fastest clip in nine years and tapped a key Federal Reserve facility to raise cash as banking stress roils markets.
The $2 trillion venture capital industry could see portfolio markdowns of 25% to 30% — a “haircut” of possibly $500 billion — following the Silicon Valley Bank debacle, according to Bloomberg Intelligence.
This week’s dizzying stock-market swings have made one thing clear for stock investors: the recession trade has arrived.
The revelation that about $2 million of “nickel” on the London Metal Exchange was actually just bags of stones has thrown a spotlight on the sprawling web of warehouses and metal stashes underpinning the billions of dollars of derivatives traded daily on the LME.
Former Treasury Secretary Lawrence Summers urged current Secretary Janet Yellen and other top US regulators to pledge that they will back the uninsured deposits in any banks that fail in the next year — an important move that could help build confidence amid the current turmoil.
TikTok CEO Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is likely to play out in the the US legal system.
Blue Origin, the commercial space company founded by Jeff Bezos, finally revealed what caused the September 2022 crash of its New Shepard rocket.
A PGA Tour Inc. executive unlawfully pushed broadcasters to turn their backs on potential LIV Golf streaming deals, the Saudi-backed upstart claimed in its ongoing antitrust fight with the US legacy tour.
