Federal Reserve Vice Chair for Supervision Michael Barr said the US central bank is “likely at or very near” a level of interest rates that is sufficiently restrictive, echoing Chair Jerome Powell’s message that officials can proceed carefully on whether to hike again.
Serum Institute of India Ltd., the world’s biggest vaccine maker, said its shot that gained a World Health Organization recommendation has the potential to significantly reduce fatalities from malaria, one of the globe’s most deadly diseases, particularly among young children in Africa.
The boom times in Austin have been blamed for widening inequality and pushing poorer residents out of their homes. But the increased tax haul amid rising property values may help some struggling residents by funding an expansion of health-care services for the indigent.
Microsoft Corp. Chief Executive Officer Satya Nadella has a stark warning for a federal court and the tech industry: Google is likely to extend its dominance of the search market into a new generation of artificial intelligence-powered tools.
At the University of Tampa, Anthony Viggiano and three classmates faced off against another school in the 2018 “Ethics Invitational.” Hosted by the CFA Institute’s local branch, the competition tested which team could best tackle dilemmas they’d face as financial professionals.
An Italian construction magnate is considering a takeover bid for Autostrade per l’Italia SpA that could value the highway operator at about €20 billion ($21 billion) including debt, people with knowledge of the matter said.
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the company’s overall headcount.
The Federal Reserve is focused on achieving a good labor market for a sustained period, Chair Jerome Powell said at a roundtable event in York, Pennsylvania.
Rishi Sunak’s repeated refusal to commit to the HS2 high-speed rail line to Manchester has left the UK prime minister facing a major backlash amid reports — denied by his office — that he is set to scrap the project’s northern leg.
President Joe Biden is planning to call allies to reassure them that US support for Ukraine will continue, according to people familiar with the matter.
