US Virgin Islands seeks to subpoena Elon Musk in Jeffrey Epstein lawsuit
The government of the U.S. Virgin Islands is asking a federal judge to help it serve billionaire Elon Musk with a subpoena for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein
2023-05-16 09:50
China’s Central Bank Outlook Spurs Call for Monetary Action
The People’s Bank of China hinted Monday it will keep monetary policy supportive, prompting expectations it may cut
2023-05-16 09:48
A barbecue frenzy is gripping China. Can street food revive the economy?
When China was in the midst of a pandemic-induced economic slump in 2020, then Premier Li Keqiang touted the idea of creating jobs by encouraging street vendors to set up shop across the country. That pitch was quickly shot down by close associates of leader Xi Jinping, who characterized the traditional trade as "unhygienic and uncivilized."
2023-05-16 09:45
FTC to Sue to Block Amgen’s Takeover of Horizon Therapeutics
The US Federal Trade Commission is expected to file a lawsuit Tuesday to block Amgen Inc.’s $27.8 billion
2023-05-16 09:29
Michael Burry Doubles Alibaba Stake in Big Bet on China Tech
Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it
2023-05-16 09:26
Delays Won’t Hurt Japan’s First Casino, Osaka Governor Says
Years of delay to plans for Japan’s first casino resort won’t have an adverse effect on the project
2023-05-16 08:54
Oil Edges Higher With US Seeking Crude for Strategic Reserves
Oil edged higher ahead of key economic data from China as the US started soliciting bids for crude
2023-05-16 08:28
Asia Stocks Set for Mixed Open, US Debt Talks Near: Markets Wrap
Asian equities are poised for a mixed opening as traders continue to look for clues of any breakthrough
2023-05-16 07:51
Haley's financial disclosure report shows lucrative speaking engagements
Republican presidential candidate Nikki Haley's financial disclosure report shows the former US ambassador to the United Nations was paid between $100,001 and $1 million each for 12 speaking engagements in 2022 and 2023.
2023-05-16 07:51
Berkshire invests in Capital One, sheds four stocks
By Jonathan Stempel Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp
2023-05-16 05:53
Banks Face Regulatory Scrutiny Over Interest-Rate Risks
US regulators are ratcheting up oversight efforts across the banking system as they lack the ability to quickly
2023-05-16 05:49
Fed’s Barr Wants More Oversight of Bank Executives’ Pay After SVB Collapse
The Federal Reserve’s top bank watchdog is calling for more oversight of how bank executives are compensated after
2023-05-16 05:47