Chicago is guaranteed a new mayor after voters rejected incumbent Lori Lightfoot’s bid for a second term. With the looming leadership change, investors want to know whether the city will keep up recent financial momentum or return to old bad habits.
The new chief financial officer of American Airlines Group Inc. has a message for skeptical voices in the credit community as the company seeks to secure a ratings upgrade: The $15 billion debt-cutting plan is on track.
The House Ethics Committee said it has opened an investigation into a series of alleged unlawful acts by freshman New York Republican Representative George Santos.
Federal Reserve Bank of Atlanta President Raphael Bostic said he still prefers to raise rates by another quarter percentage point when officials meet later this month, but is mulling whether central bankers need to lift borrowing costs higher than the range of 5% to 5.25% he’s endorsed to defeat inflation.
Vendors are still hawking “Trump 2024” flags and “Let’s Go Brandon” t-shirts. But at the Conservative Political Action Conference in Washington this year, the crowds are smaller, the marquee speakers are fewer and the “Make America Great Again” vibe is suddenly in doubt.
Teladoc Health Inc.’s online mental health unit will be banned from sharing health information with Facebook parent Meta Platforms Inc. and other social media companies under a proposed settlement with US trade regulators.
The White House and Congress are working to blunt the national-security risk from various Chinese social-media apps, beyond just Washington’s recent high-profile target TikTok, Commerce Secretary Gina Raimondo said.
Citigroup Inc. is cutting hundreds of jobs across the company, with the Wall Street giant’s investment banking division among those affected.
Stellantis NV and Renault SA are turning to their own ranks to tackle a shortage of truck drivers that’s leaving thousands of vehicles stranded away from dealerships and customers.
The family of Argentine World Cup Champion Lionel Messi received an alleged narco threat in his hometown of Rosario, the country’s most violent city.
