Trump loyalist Jim Jordan lost ground Wednesday in his second ballot for US speaker, imperiling his candidacy for the job as Republicans struggle to fill a leadership vacuum that has paralyzed the House.
Elon Musk, the billionaire who has tangled repeatedly with the Securities and Exchange Commission, urged the US Supreme Court to restrict the Wall Street regulator’s ability to press cases before its in-house judges.
Ford Motor Co. would face for the first time $1 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to a filing the Dearborn-based manufacturer has made with the federal government.
Amazon.com Inc. laid out plans to expand its still-experimental drone delivery effort, announcing the start of sending prescription medication by air and promising to start flights in Britain and Italy by late 2024.
The New York Stock Exchange and Nasdaq would no longer be able to offer a kind of special discount that rewards Wall Street brokerages for routing large amounts of trade orders to them under a new plan from the Securities and Exchange Commission.
Oil rose after Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of wider hostilities in the Middle East.
Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese bank in a broad restructuring that underscores new Chief Executive Officer Scott Thomson’s focus on cutting costs. It could also be sign that job cuts are coming at other Canadian lenders.
Indian tech-services outsourcing firm Wipro Ltd. is planning to hire fewer engineering graduates this year, citing cautious clients that are cutting spending.
The billionaire Batista brothers behind Brazilian beef giant JBS SA are preparing to invest more than $1 billion to expand production at mines they acquired last year from Vale SA.
Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America Corp. and JPMorgan Chase & Co., violate a Republican-backed state law that punishes firms for restricting their work with the oil and gas industry because of climate change concerns.
