This Week in China: The World’s Best Stocks Need New Buyers
China’s all-or-nothing stock market is losing momentum, after three months of what might be best described as forced buying of a deeply oversold asset.
Bloomberg Business
Musk Juror Calls Investor Case Against Tesla CEO ‘Disorganized’
The foreman of the jury that cleared Elon Musk of wrongdoing over his 2018 tweets about taking Tesla Inc. private said the case against the chief executive officer was “disorganized.”
ANZ Bank Chief Sees a ‘Lot More Rate Rises’ Coming in Australia
The chief of one of Australia’s largest commercial banks warned the strength of the nation’s economy suggests that markets and home owners should brace for “a lot more rate rises.”
South Korea Foreign Minister Wants EV Tweaks to US Climate Act
South Korean Foreign Minister Park Jin gave Secretary of State Antony Blinken a reminder that Seoul still has concerns about the Biden administration’s landmark climate and energy bill.
Trump Offers $1 Million Bond to Appeal Clinton Suit Sanctions
Former President Donald Trump is getting ready to write a check to a Florida court for more than $1 million — but he’s hoping to get the money back.
ION Removed From Hacker’s Target List and Deadline for Ransom Suspended
The hacking group behind the attack on ION Trading UK — the software firm that was struck by a cyberattack earlier this week, upending derivatives trading around the world — says a ransom has been paid.
Trump 2016 Campaign to Pay $450,000 to Settle Non-Disclosure Case
Former President Donald Trump’s 2016 campaign agreed to pay $450,000 to settle a years-long legal fight over non-disclosure agreements that it required workers and volunteers sign, new court documents show.
Biden, Cabinet Plot Post-State of the Union Travel ‘Blitz’
Joe Biden and his Cabinet plan to criss-cross the country after his State of the Union address to tout his economic agenda as the president gears up to announce his reelection bid.
Ford Cuts Senior Manager Bonuses After Disappointing Earnings
Ford Motor Co. is cutting the performance bonuses of its senior managers — including Chief Executive Officer Jim Farley — after the automaker said poor execution and supply snags led to disappointing results for the past year.
SpaceX Awarded Shared NASA Contract Worth Up to $100 Million
Space Exploration Technologies Corp. is part of a payload contract NASA has awarded for as much as $100 million over a decade.
