Category: Business

Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share. “Musk apparently believes that he – unlike every other party subject to Delaware […]

The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter. These two contrasting groups are both HODLers – investors in bitcoin as a long-term proposition who refuse to sell their holdings – and they are determined to drive back the bears, despite their portfolios […]

Mexican telecommunications giant America Movil (AMXL.MX)reported on Tuesday its second-quarter net profit plunged 68% to 13.683 billion pesos ($679 million), hurt by higher financing costs. The company, which is controlled by the family of Mexican billionaire Carlos Slim, said revenues rose 3.3% from the year-earlier period, to 217.391 billion pesos. “Concerns associated with high inflation […]

The nominee for the U.S. Treasury’s top economic diplomacy job said on Tuesday he wants to limit China’s growing global lending influence by working with international financial institutions and development banks to give countries borrowing alternatives. Jay Shambaugh is President Joe Biden’s choice for Treasury undersecretary for international affairs. If confirmed, the George Washington University […]

South Korea’s central bank on Wednesday delivered a historic half-point interest rate hike to hose down inflation that is running at its fastest pace in 24 years. The Bank of Korea raised its benchmark policy rate (KROCRT=ECI) by 50 basis points to 2.25%, the biggest increase since the bank adopted the current framework in 1999. […]

An American Airlines flight from Chicago’s O’Hare International Airport made an emergency landing overnight in Grand Rapids, Michigan, due to a “possible mechanical issue.” The airline told FOX Business in an emailed statement on Saturday that the plane had departed the airport at around 8:30 p.m. CDT and landed safely and without incident shortly after […]

Bumble Bee has voluntarily recalled its 3.75-ounce cans of smoked clams after tests by the Food and Drug Administration (FDA) revealed harmful levels of a class of chemicals known as PFAS, better known as “forever chemicals.” According to the FDA, the recall only applies to 3.75-ounce cans of Bumble Bee Smoked Clams with the UPC […]