The UK will sign a trade pact with Washington state aimed at facilitating aerospace deals with the US, as it seeks to bolster its economic ties in the absence of broader free-trade discussions with President Joe Biden.
Blue Origin LLC, the closely held spaceflight company founded by Jeff Bezos, is replacing its chief executive officer with veteran Amazon.com Inc. executive Dave Limp.
Oil is headed as high as $150 a barrel unless the US government does more to encourage exploration, according to Continental Resources Inc., the shale driller controlled by billionaire Harold Hamm.
An expansion of Canada’s only oil pipeline connecting Alberta to the Pacific coast won regulator approval to alter a section of the route, putting the project back on track for completion by early next year.
Cathie Wood, who heads Ark Investment Management, said there are better bets to tap into the exponential growth in artificial intelligence than Nvidia Corp., the chipmaker that’s seen its shares surge more than 180% this year.
Government bonds fell while stocks ended the day higher as traders speculated central banks will keep interest rates elevated to quell inflation. A gauge of dollar strength hit its highest level this year.
Amazon.com Inc. and Lina Khan have a fraught history. Khan made her name as a law student in 2017 with an article in The Yale Law Journal that made an example of Amazon to argue for a broad re-imagining of US antitrust law. Now she’s the chair of the US Federal Trade Commission, which has already sanctioned Amazon for privacy lapses and is expected to sue the company for antitrust violations this week, after a multiyear investigation. Amazon’s place in the US economy has only grown since Khan’s
(Bloomberg) — Wall Street’s biggest exchanges quietly altered rules this summer, fast-tracking investor access to options trading on newly listed companies.
Nike Inc. faces a risk from slower spending by US consumers saddled with student loan debt, in addition to ongoing headwinds in China, according to Jefferies analysts.
The US Securities and Exchange Commission said it has concerns about Coinbase Global Inc.’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy.
