Oil Edges Higher as China Demand Hopes Vies With Inflation Fears
Oil extended gains for a third straight day amid evidence of China’s rebound and fresh signals the Federal Reserve may pause interest-rate hikes this summer.
Bloomberg Business
BOJ Watchers See Higher Chance of June Shift After Ueda Hearings
Almost two-thirds of Bank of Japan watchers now expect monetary policy change by June following the first extensive hearings of governor nominee Kazuo Ueda, according to the latest Bloomberg survey.
Ukraine Latest: US Warns Business Not to Help Sanctions Evaders
US Secretary of State Antony Blinken unexpectedly spoke briefly with his Russian counterpart while in India for the G-20 foreign ministers meeting, with Russia’s war in Ukraine among the topics. A Russian spokeswoman scoffed that Blinken initiated the encounter with Foreign Minister Sergei Lavrov and “it doesn’t deserve our attention.”
Hershey Stands By Its Campaign Featuring Trans-Rights Activist
The Hershey Company stands by its partnership with a trans-rights activist despite growing calls online to boycott the brand over its campaign for International Women’s Day.
US Warns Companies Against Doing Business With Sanctions Evaders
The US warned companies to be on guard for transactions that could help Russia evade western sanctions, especially if they’re linked to China, Turkey and a handful of other nations, as officials look to step up sanctions enforcement a year into the invasion of Ukraine.
Binance Is a ‘Hotbed’ of Illegal Activity, Bipartisan US Senators Allege
US Senators representing both Democrats and Republicans are demanding that Binance and Binance.US provide a detailed accounting of their finances and efforts to maintain regulatory compliance, according to a letter signed by Senators Elizabeth Warren, Chris Van Hollen and Roger Marshall.
FTC Competition Chief Vedova to Retire, Opportunity for Khan
Holly Vedova, the top competition official at the US Federal Trade Commission, is retiring, giving Chair Lina Khan the opportunity to make a new choice of a key deputy as she pursues an ambitious antitrust course.
Salesforce Finds Profit Is New Magic Word for Activist Investors
Salesforce Inc. Chief Executive Officer Marc Benioff likes to start his earnings calls with investors on a light note. He’s opened in the past by talking about the “magic” of Covid safety protocols, the crisp air of San Francisco as Christmas approaches, attending the World Economic Forum in Davos or doing interviews with CNBC’s Jim Cramer.
Biden’s Cyber Plan Would Hold Software Makers Responsible in Hacks
The Biden administration is set to release an aggressive new national cybersecurity strategy on Thursday that seeks to shift the blame from companies that get hacked to software manufacturers and device makers, putting it on a potential collision course with big technology companies.
Ripple’S CEO Expects a Decision on SEC Suit Over XRP This Year
Brad Garlinghouse said the US Securities and Exchange Commission’s suit against his crypto payments company, Ripple Labs Inc., is “going to be pivotal for the whole industry” and that he expects a decision on the case this year.
