Bloomberg Business

Some municipal bonds sold by Puerto Rico’s bankrupt power utility have plunged after a group of investors reached a restructuring deal that would significantly slash the agency’s debt load.

PG&E Corp. said it will likely have to cut power in some parts of Northern California on Wednesday due to a forecast of high winds and dry conditions.

Former President Donald Trump’s proposal to institute a 10% tariff on almost all imports would cost American consumers $300 billion a year, result in the loss of 550,000 US jobs, and cut growth by 0.7%, according to a new analysis from the nonpartisan Tax Foundation.

Foxconn Technology Group lost a bid to kick Lordstown Motors Corp. out of bankruptcy, a win for the troubled electric vehicle maker as it attempts to find a new owner for its business.

Oil edged up alongside equities as thin summer trading left the commodity to follow broader markets.

Some of the country’s largest credit-repair businesses agreed to settle US Consumer Financial Protection Bureau allegations of illegal telemarketing practices for $2.7 billion.

Ukrainian forces pierced the first line of Russian fortifications in the nation’s southeast and are fighting to widen the breach, the nation’s defense chief said, in a bid for a potential breakthrough after its counteroffensive bogged down to the chagrin of Ukraine’s allies.

Hawaiian Electric Industries Inc. soared after the utility pushed back against a lawsuit filed by Maui County that accused the company of starting the deadly Lahaina fire, suggesting that county’s fire department may be responsible for losing control of the blaze.

An artificial intelligence chatbot under development at Uber Technologies Inc. will offer recommendations to food-delivery customers and help them more quickly place orders, part of a race to integrate AI into popular apps.