New York City could wake up Tuesday to several slushy inches of snow from a massive storm system that swept through Oklahoma with hurricane-strength wind gusts and is touching off tornadoes in Illinois and Indiana.
The two deadly earthquakes that devastated Turkey’s southeast early this month are estimated to have cost $34.2 billion in physical damages, or about 4% of 2021 gross domestic product, according to a preliminary assessment by the World Bank.
Federal Reserve Governor Philip Jefferson defended the central bank’s 2% inflation target and said changing it could destabilize “well-anchored” inflation expectations.
A senior US cybersecurity official described adoption of some of Microsoft Corp. and Twitter Inc.’s security protocols as “disappointing” as part of a broadside against large technology companies’ approach to protecting user accounts.
Trafigura Group sold cargoes of nickel it now believes may not have contained any of the metal to buyers including a US trade finance firm and a state-owned Indonesian mining company, according to court documents.
Truist Financial Corp. has hired investment banker Jerry Wiant from Bank of America Corp. to lead its financial institutions practice, according to people familiar with the matter, as the lender seeks to bulk up in corporate an investment banking.
Nigerian bonds are posting some of the best gains in emerging markets as investors bet that ruling-party candidate Bola Tinubu, who’s taken an early lead in the nation’s presidential election tally, will offer reforms to pull Africa’s largest economy out of a fiscal mess.
Gentiva, a hospice company backed by Clayton Dubilier & Rice and Humana Inc., has agreed to acquire a business from not-for-profit health-care system ProMedica, Gentiva’s chief executive officer said.
New Jersey Governor Phil Murphy has hung on to federal pandemic aid as a hedge against potential recession. As he unveils his annual budget on Tuesday, he’s under pressure to use what’s left to help lower the expense of living and doing business in one of the highest-cost states in the US.
The European Central Bank must push on with monetary-policy tightening while price pressures endure, according to Governing Council member Boris Vujcic.
