(Bloomberg) — Austin is joining forces with the city of San Antonio to help asylum seekers travel to their final destinations in the US, with the Texas cities agreeing to coordinate efforts to arrange flights outside the state.
The country’s two largest banks just put rivals on notice: they’re finally prepared to pay out more to savers demanding higher yields on their deposits.
Chevron Corp. sold a cargo of Venezuelan oil to another US refiner in the first such transaction since sanctions against the Latin American nation were eased less than two months ago.
Renault SA is offering some concessions to Nissan Motor Co. as it tries to clinch a deal to reboot a more than two-decade alliance, according to people familiar with the situation.
(Bloomberg) — Cage-free mandates are adding another kink to egg supply chains tangled by successive outbreaks of avian flu, making it difficult for grocers to restock shelves.
Oil posted its largest gain in three months this week, mostly recouping the prior week’s steep decline, as confidence in China’s recovery solidified among traders.
(Bloomberg) — Former President Donald Trump’s argument that a New York law allowing older sex-assault claims violated his constitutional rights was rejected by a judge as “absurd.”
As Federal Reserve Chair Janet Yellen and Governor Jerome Powell vied in 2017 over who’d head the central bank in the future, they moved in lockstep behind the scenes on monetary policy – except when it came to the placement of a comma.
The US Supreme Court is certain to end its current term with fireworks given pending cases over affirmative action, election law, social media and student loans.
The US Treasury’s maneuvering to prolong its borrowing authority and remain under the statutory borrowing limit in 2023 will likely mute the Federal Reserve’s efforts to tightening monetary policy at least in the near term.
