Debt ceiling talks resume after Republicans trigger brief pause
The White House and Republican lawmakers are under intense pressure to reach a deal before June, when the U.S. could default on its debt.
The A.I. play you haven’t heard of yet
Investors may be underestimating this under-the-radar software stock as one of the next AI leaders.
Tesco Chairman John Allan to step down in June
Tesco, Britain’s biggest retailer, said on Friday chairman John Allan, would step down at the group’s annual shareholders’ meeting on June 16 after the company said claims of inappropriate behavior risked becoming a distraction.
VistaJet CEO defends company’s financials as auditor raises liquidity, debt concerns
VistaJet’s net losses totaled $436 million over the past four years, and its debt load more than doubled last year as the company’s fleet size ballooned.
Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race
Morgan Stanley’s board has narrowed its CEO search to three “very strong” internal candidates to succeed Gorman, the chief said.
Fed may be forced to defy market expectations and hike more aggressively, economist says
The U.S. Federal Reserve may be forced to defy market expectations hike interest rates aggressively again later this year, according to Daniele Antonucci, chief economist at Quintet Private Bank.
Italy is planning a sovereign fund amid a new era of national interest
Italy’s Minister of Enterprises Adolfo Urso announced Wednesday a public-private fund that looks at consolidating “national strategic supply chains.”
Sell this lithium stock with high exposure to the chemical’s price, Goldman Sachs says
The firm expects the stock to fall more than 16%.
G-7 leaders to announce more sanctions on Russia; Zelenskyy expected to fly to Japan
A senior U.S. administration official said the government plans to introduce steps to “economically isolate” Russia to weaken its ability to wage war.
Russia’s military has adapted and is now a more formidable enemy for Ukraine, defense analysts say
Defense analysts say Russia has adapted its tactics during the war and say a more structured, coordinated and reactive armed force has emerged.
