California Governor Gavin Newsom’s plan to fill a $22.5 billion deficit, the first for the state since 2018, mostly involves pulling back on promises he made when the state was flush, including paying with cash for projects instead of bonds.
Hurricane Ian had the highest price tag in the nation’s third-costliest year ever for disasters, according to NOAA.
(Bloomberg) — Microsoft Corp.’s Satya Nadella is weighing the company’s biggest-ever startup investment, seeking to give the software giant an advantage against Google in the race to weave advanced artificial intelligence tools into fields like search and apps.
FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand.
One trader helped exacerbate the massive nickel short squeeze on the London Metal Exchange last March by building up a $600 million position as the market spiraled out of control.
Airbus SE and Boeing Co. last year booked their largest jet-sales hauls since the pandemic and the 737 Max grounding flattened demand for jetliners — but supplier and labor shortfalls are still hampering efforts to ramp up manufacturing.
Mexico’s tourist inflows have surpassed pre-pandemic levels, giving a boost to a key industry at a time the economy is still recovering.
Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert as chief executive officer, in the latest twist of a running dispute with a onetime business partner.
(Bloomberg) — Governor Gavin Newsom said California will face a $22.5 billion budget deficit in the coming fiscal year, the first for the most populous US state since 2018 as the global stock market rout and efforts to cool inflation hammer its tax collections.
Donald Trump’s lawyers argued in the District of Columbia’s highest local court Tuesday that the former president’s allegedly defamatory remarks about New York author E. Jean Carroll, who claims he raped her in the 1990s, fell within the scope of his government duties at the time.
