There’s something of a ritual performed each time Federal Reserve Chair Jerome Powell speaks to the press: A reporter asks Powell about financial conditions; he says they’ve tightened a lot; the Wall Street crowd snickers.
Thomas H. Lee’s second, smaller private investment firm — long known for making quiet bets — has now been thrust into the public glare after its founder’s death was ruled a suicide.
President Joe Biden faces a formidable obstacle in his bid to slash the student debt of more than 40 million people: a US Supreme Court that has repeatedly thwarted his agenda.
Tesla Inc. has temporarily stopped rolling out its $15,000 driver-assistance system until it addresses issues that led the carmaker to recall almost 363,000 vehicles.
Chinese electric carmaker Li Auto Inc. expects first-quarter revenue to come in as high as $2.7 billion as a revamped and expanded product lineup helps it win sales from rivals including Tesla Inc.
A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses.
Stellantis NV is buying into a firm run by mining entrepreneur Rob McEwen, potentially giving the automaker access to a giant copper deposit in Argentina as the race for metals used in electric vehicles heats up.
Bloomberg’s survey of 2,224 participants offers different views on the Fed, US economy.
Severe delays by Nigerian authorities in releasing results from the country’s hotly contested presidential election is feeding suspicion that the process is being mismanaged.
Poland’s mortgage market is set to shrink to the lowest level since 2005 as banks restrict home loans over concerns about potential defaults and mounting legal risks.
