Bloomberg Business

A jury of nine people was chosen for Elon Musk’s trial over claims he defrauded Tesla Inc. investors when he tweeted in 2018 about his plan to take the company private.

Morgan Stanley incurred a $356 million writedown on corporate loans stuck on its balance sheet in the fourth quarter as the market for leveraged buyout debt, including Twitter Inc., remained weak.

Apple Inc. rolled out its first new products of 2023 on Tuesday, offering faster versions of its high-end MacBook Pro laptops and the Mac mini desktop.

Chancellor Olaf Scholz said Germany would back Ukraine — and coordinate decisions on delivering battle tanks with allies — but will ensure that a direct conflict between Russia and NATO is avoided.

Embattled New York Republican George Santos has been chosen for two low-profile House committees despite questions about his finances and the fabrications on his resume.

Efforts by Indian diamond traders to secure more uncut product from Russia and allay an export slump in the world’s biggest polishing hub are being hampered by currency risks.

(Bloomberg) — Taiwan’s economy likely grew last year at the weakest pace in four years as waning global demand hurt trade, with that slowdown likely to continue to weigh on the island in 2023. 

(Bloomberg) — Party City Holdco Inc. is looking to borrow $150 million to $200 million from bondholders to fund it during a possible bankruptcy, according to people with knowledge of the situation. 

House Speaker Kevin McCarthy called on Democrats to engage in talks with Republicans over a fiscal plan including an increase in the federal debt limit, while the White House reiterated its rejection of such negotiations, highlighting the risk of a market-rattling battle over the ceiling later this year.

The UK remained the world’s biggest exporter of financial services in the first year after the UK left the European Union, but the US is catching up.