A former US representative at the International Monetary Fund’s executive board supports Argentina dropping the peso in favor of the dollar to help thwart one of the world’s fastest inflation rates, a rare show of support for a proposal largely slammed by establishment figures.
New York Mayor Eric Adams is calling for construction of “a little more housing in every neighborhood” to contend with the city’s severe shortage of places to live.
Ocado Group Plc shares plunged the most in 11 years after a top-ranked analyst and former long-term bear resumed his negative view, just three months after upgrading the UK online grocer.
The Biden administration plans to seek UN Security Council approval as early as next week to deploy a Kenya-led multinational force to Haiti, people familiar with the matter said.
Three years after the worst of Covid-era supply-chain disruptions, about one in six Americans adults are experiencing shortages of medications or other critical medical equipment, based on a Census Bureau survey.
Broadcom Inc. shares fell following a report that Alphabet Inc.’s Google is considering dropping the company as a supplier of artificial intelligence chips as soon as 2027.
European natural gas prices surged after a drop in flows to the biggest US liquefaction terminal, underscoring the market’s continued sensitivity to supply risks.
Affirm Holdings Inc. is exploring the introduction of a subscription service in a bid to create more recurring revenue beyond interest collected from its buy now, pay later plans.
DuckDuckGo, a privacy-centric search engine founded about 15 years ago, has languished with a small market share as consumers face difficulties switching from Google when the behemoth is the default option on computer screens, the upstart’s founder said in an antitrust trial.
Mortgage rates in the US rose for the second week in a row.
