House Republicans are launching an investigation into the Biden administration’s management of hundreds of billion of dollars from Democrats’ climate bill and other marquee legislation, warning the funding is vulnerable to waste, fraud, abuse and mismanagement.
Russian billionaire Oleg Deripaska was repeatedly accused of lying as he gave evidence at a London court in a lawsuit with an ex-business partner who’s trying to have him jailed.
The $30 billion rescue plan the biggest US banks offered First Republic Bank last week wasn’t the ideal path for helping the California lender, said former Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein.
UBS Group AG is offering to buy back bonds that were issued days before it agreed to take over troubled rival Credit Suisse Group AG, a deal that sent a gauge of its credit risk soaring.
Nike Inc. reported quarterly sales that beat Wall Street’s expectations as the sportswear brand worked down its excess inventory, but profitability missed estimates amid markdowns and high freight and material costs.
(Bloomberg) — The European Central Bank wasn’t too slow to raise interest rates, and stabilized inflation expectations are evidence of that, Chief Economist Philip Lane said.
A global biofuel boom is set to drive a shortage of vegetable oils — used for cooking and now increasingly to power trucks and planes — intensifying a debate over food versus fuel.
Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.
Two former UK prime ministers, Boris Johnson and Liz Truss, came out against Rishi Sunak’s new post-Brexit deal with the EU, boosting a rebellion by members of his own party ahead of a key vote in the House of Commons.
The Hong Kong Monetary Authority reassured investors that subordinated debt holders have priority over shareholders when banks are being wound up, in a response to media inquiries regarding creditor hierarchy in the Asian financial hub.
