The latest effort by the operator of Texas’s electricity grid to ensure reliability has created an artificial scarcity of supply and likely raised wholesale costs by about $8 billion, according to a new analysis.
Wells Fargo & Co.’s former head of retail banking avoided prison for misleading regulators investigating one of the biggest banking scandals in modern US history, as a judge imposed a sentence of three years of probation.
The indictment of President Joe Biden’s son Hunter on three felony gun charges caused a splash, but a much bigger legal bombshell is expected to drop soon.
The European Union is ending a ban on Ukrainian crop imports in five of its eastern countries in a move that prompted Poland and Hungary to announce a return to unilateral restrictions.
President Joe Biden will meet with Ukrainian President Volodymyr Zelenskiy next Thursday at the White House following the United Nations General Assembly.
Boaz Weinstein plans to bring Sculptor Capital Management Inc. under the umbrella of his own firm if he and his group of billionaire investors win a bid for the troubled money manager.
Canada is postponing a trade mission to India that was planned for early October, a move that comes as broader trade talks between the two countries have stalled.
Shale explorers in the US ramped up natural gas drilling this week for the first time in more than two months, pressuring prices for the power-plant fuel lower.
Conflicting views on whether Mexico’s approach to energy violates a North America trade deal warrant creating an arbitration panel to rule on the issue, according to President Joe Biden’s Ambassador.
Inflation is showing early signs of picking up again in the US, and if it accelerates from here, US high-yield issuers could see a surge in defaults, according to Bank of America Corp. credit strategist Oleg Melentyev.
