Huawei Technologies Co. tried during the mobile industry’s biggest annual conference this week to illustrate to the world that it’s thriving, despite US crackdowns on its supply chain and mounting security concerns over ties with Beijing.
Silvergate Capital Corp. discontinued the payments network that has served as a vital hub for investors in the cryptocurrency industry, days after the firm raised questions about its own viability.
Credit Suisse Group AG is seeking to vacate an arbitrator’s decision to award $1.3 million to a former financial adviser who accused the bank of holding back his deferred compensation following the closure of its US wealth management unit in 2015.
Federal Reserve Bank of Richmond President Thomas Barkin said the central bank must continue raising interest rates and hold them at a high level to move inflation lower over time.
One of the biggest questions for investors over the past year has been when Americans will pull back on spending and trigger a recession. In the fourth quarter, that didn’t happen as retailers and brands exceeded expectations.
John Malone and his former colleagues on Charter Communications Inc.’s board agreed to a $87.5 million settlement of claims the billionaire unfairly benefited from the $79 billion purchase of Time Warner Cable he helped finance.
Facebook parent Meta Platforms Inc. cut the price of some of its Quest virtual reality headsets, including its high-end mixed reality device, in part because demand has been weaker than anticipated, a person familiar with the matter said.
A woman’s ill-fated attempt to buy diamonds in New York City with a debit card linked to Russian bank accounts has landed Square Inc. in court.
Moody’s Investors Service cut its ratings on Silvergate Capital Corp. and its bank subsidiary Silvergate Bank, citing concern about its viability amid the crypto market’s turmoil and a crackdown by federal regulators.
US stocks ended the week on a high note, driven by speculation that the Federal Reserve won’t raise interest rates beyond peak levels already priced in.
