economy

U.S. Justice Department starts probe on Archegos collapse – Bloomberg News

The U.S. Department of Justice is investigating the collapse of Bill Hwang's Archegos Capital Management, which cost big global banks…

5 years ago

EXCLUSIVE Delta Air makes $350 million gamble as it lobbies Biden on fuel credits

Delta Air Lines Inc (DAL.N) has stopped buying the credits its oil refining arm needs to comply with U.S. biofuel…

5 years ago

U.S. SEC considering new rules to tackle SPACS, crypto tokens

The U.S. Securities and Exchange Commission (SEC) is considering new rules to protect investors amid a surge in the use…

5 years ago

Wall Street edges up with U.S. bond yields in check

U.S. stocks edged higher on Wednesday as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation…

5 years ago

Biden’s EV metals import plan unlikely to match climate goals -executives

The Biden administration's plan to rely on ally nations for most of the metals needed to build electric vehicles ignores…

5 years ago

GameStop, AMC extend rallies, gouging short sellers

Shares of GameStop (GME.N) and cinema operator AMC Entertainment (AMC.N) rallied to their highest levels in months on Wednesday, with…

5 years ago

Ford boosts EV spending, outlines 2030 sales targets, shares near 5-year high

Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third…

5 years ago

Nikkei to reach 30-year high on economic reopenings

Japanese shares are expected to recover and reach a 30-year peak by the end of year as an acceleration of…

5 years ago

Sweden’s Evolution bets online casinos will outstrip physical venues

Swedish gambling technology company Evolution (EVOG.ST) is betting online casinos will increasingly replace physical venues and help to maintain its…

5 years ago

Amazon snaps up James Bond owner MGM for $8.45 bln as streaming war heats up

Amazon.com Inc (AMZN.O) said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond…

5 years ago