Taiwan will remain the world’s “indispensable and irreplaceable” source of the world’s most advanced microchips, the island’s US representative said, even as the Washington looks to ease its reliance on foreign partners for semiconductors.
Oil posted a second straight weekly gain after supply curbs from OPEC+ leaders Saudi Arabia and Russia were extended for the rest of the year.
Wells Fargo & Co.’s $1 billion settlement of a shareholder lawsuit over unauthorized customer accounts was approved by a federal judge, bringing the total amount the bank has agreed to pay to resolve claims over the scandal to nearly $5 billion.
A Chinese battery maker picked Illinois for a $2 billion gigafactory that’s set to start production next year.
US consumer borrowing rose in July, reflecting a rebound in credit-card balances.
Argentina was ordered to pay at least $8.4 billion in damages and $7.6 billion in interest in a US lawsuit over its 2012 re-nationalization of state oil company YPF SA, a sharp blow as the Latin American country’s financial situation has grown increasingly precarious.
In cryptocurrency markets, liquidity is uber-concentrated and has become more so over time, with nearly all of it found on just eight exchanges.
KKR & Co. Co-Head of Global Private Equity Pete Stavros said that organized labor and employee equity ownership can co-exist, despite a fractious history between unions and companies.
A top executive at Blue Owl Capital Inc. is looking to the next big milestone in a fast-growing corner of finance: a $10 billion private credit loan.
The Atlanta grand jury that was first to probe 2020 election meddling by Donald Trump and his allies recommended charging several people who were not indicted, including US Senator Lindsey Graham and former National Security Advisor Michael Flynn, a previously secret report shows.
