New York City to Use Wall Street Holiday Inn as Migrant Shelter
New York City’s newest emergency shelter for asylum seekers will be located near Wall Street.
Bloomberg Business
North Dakota’s Bakken Shale Field Is Holding Back Oil Output
North Dakota’s Bakken shale field — once the largest and busiest American shale patch — is showing signs of age, threatening to hold back US oil production as the world thirsts for more crude.
South American Countries Pitch Joint Hosting of 2030 World Cup
Officials from Argentina, Uruguay, Paraguay and Chile formally announced a candidacy to jointly host the 2030 World Cup on Tuesday. If selected, it would commemorate a century since the first tournament, which was hosted there.
Powell Says Further Rate Hikes Needed and Markets Take Heed
(Bloomberg) — Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened.
US Plans to Sell Poland $10 Billion in Himars Rocket Launchers and Ammunition
The US plans to sell Poland about $10 billion in weapons including 18 Himars rocket launchers and ammunition for the highly accurate mobile platform, the Pentagon announced Tuesday, shoring up a crucial NATO ally as Russia presses its war in neighboring Ukraine.
Oil Climbs Most Since November on Saudi Price Hike to Asia
Oil jumped the most since early November as investors grew more confident in China’s demand outlook.
Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record
A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA.
French Unions Vow to Fight On After Fewer Join Pension Protest
French labor unions pledged to keep up the pressure on President Emmanuel Macron to drop an unpopular plan to raise the retirement age after Tuesday saw a marked drop in the number of people turning out to protest the reform.
Delta Raises Employee Pay 5% as Demand for Air Travel Rebounds
Delta Air Lines Inc. is raising the pay of non-union employees by 5% as US carriers bask in an air travel rebound that has held steady despite growing uncertainty about the economy and consumer spending.
Adam Neumann Says His Apartments Will Make Tenants Want to Plunge Their Own Toilets
The WeWork co-founder spoke publicly at length for the first time about his new residential startup Flow.
