Bloomberg Business

US, Africa Firms Seal $15 Billion of Deals at Washington Summit

(Bloomberg) — American and African firms reached more than $15 billion in new commitments and deals at a summit hosted by President Joe Biden as the US moves to increase its commercial ties with the continent through investments rather than aid.  

Stocks Snap Two-Day Rally After Powell’s Remarks: Markets Wrap

US stocks snapped a two-day rally after Federal Reserve Chair Jerome Powell reiterated his hawkish stance while also signaling the central bank is getting “close” to reaching the end of a tightening cycle that pushed rates from near zero to 4.5% since March.

Gundlach Says the Fed Shouldn’t Hike Anymore After Today

(Bloomberg) — Jeffrey Gundlach, the CEO and chief investment officer of DoubleLine Capital, tells CNBC in an interview that the Federal Reserve shouldn’t raise rates anymore after today but he believes there will probably be another 25 basis points increase.

White House to Start Sending Free Covid Tests by Mail Again

The White House will reopen a program allowing people in the US to order batches of at-home coronavirus tests at no cost, as officials prepare for an increase in cases through the winter, people familiar with the matter said.

Ex-Twitter Employee Convicted of Spying Gets 3 1/2 Years in Prison

A former Twitter Inc. employee convicted of spying for Saudi Arabia was ordered to serve 3 1/2 years in prison, capping a yearslong case that showed how the social media giant was vulnerable to security breaches perpetrated from within its own ranks.

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