European markets close lower; UBS ends Credit Suisse protection measures, shares up 4.7%
European markets ended the week lower Friday as investors digested the latest U.S. inflation data and earnings.
U.S. judge will decide Friday whether to send Sam Bankman-Fried to jail over alleged witness tampering
A New York judge will decide on Friday, during a hearing that starts at 2 p.m. ET, whether to send Sam Bankman-Fried to jail.
80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’
As some business leaders accept hybrid work as a permanent reality, others are backtracking on earlier pledges to let employees work from home.
Telesat stock surges 50% after satellite internet company swaps suppliers to save $2 billion
The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.
Goldman Sachs-backed digital bank Starling to expand in hotly competitive Asia-Pacific market
Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform in the Asia-Pacific market.
‘Dangerous point for investors’: Strategist warns of overconfidence about A.I.
Market participants are “overconfident” about their ability to predict the long-term effects of AI on company performance, according to Morningstar’s Mike Coop.
IEA flags risk of higher oil prices, cuts 2024 demand view
The International Energy Agency on Friday said OPEC+ supply cuts could erode inventories in the rest of this year.
U.S. sanctions 4 of Russia’s financial elite; Russian strike on hotel kills 1
The U.N. humanitarian coordinator for Ukraine said she was “appalled” by the attack, adding the hotel was frequently used by U.N. personnel and NGO workers.
With eyes on Taiwan, new China ban shows the U.S. may be learning lessons from mistakes with Russia
U.S. moves to ban certain investment in China suggest that Western allies may be learning from national security failings in Russia, according to analysts.
Chinese tech giant Huawei reports tepid consumer revenue growth for the first half of 2023
Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.
