Debt-Ceiling Talks Continue as Report Warns of Possible June Default
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BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Debt-Ceiling Fight Weighs on Defense Industry
Investors fear the fight could delay the passage of next year’s national-security budget—and hurt military contractors. Source link
British Entrepreneur Mike Lynch Extradited to U.S. Over HP Case
The tech entrepreneur once hailed as Britain’s Bill Gates was extradited to the U.S., a year after a U.K. judge...
Fed Official Signals Support for Further Rate Increases
Federal Reserve governor Michelle Bowman says there hasn’t been sufficient evidence of a labor market or inflation slowdown. Source link
WSJ News Exclusive | NBCUniversal’s Linda Yaccarino Is in Talks to Become Twitter CEO
Yaccarino is chairman of global advertising and partnerships at NBCU. Twitter owner Elon Musk said earlier he had picked a...
Peloton Recalls 2.2 Million Bikes, Customers Told to Immediately Stop Using Them
The Consumer Product Safety Commission said people should immediately stop using the bikes. Source link
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments
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Tucker Carlson’s Twitter Show Complicates Elon Musk’s Bid to Win Back Advertisers
A Madison Avenue already wary of the social-media platform is showing little appetite for the controversial cable host’s new program....
WSJ News Exclusive | Automation Giant Faces U.S. Government Probe Over China Operations
The investigation of Rockwell focuses on whether its software might allow access to critical U.S. government and industrial infrastructure. Source...
CPI Report Shows Inflation Eased in April but Remains Stubbornly High
Inflation eased to 4.9% in April, the Labor Department said Wednesday, as the economy showed signs of cooling. Source link
Oatly Names Jean-Christophe Flatin as New CEO and Narrows Quarterly Loss
Current Chief Executive Toni Petersson is set to become the oat-milk company’s co-chairman. Source link
Tucker Carlson Announces Twitter Show, Alleges Fox Breached Contract
The former Fox News host announced the move on the social-media platform. Source link
Boeing Wins 737 MAX Jet Order Worth Up to $40 Billion From Ryanair
The European discount airline agreed to buy up to 300 new jets as it moved past an earlier rift with...
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
China Signals Spying Fears Amid Probe of Consulting Firms
The due-diligence industry is suddenly in the crosshairs of Beijing’s efforts to limit foreign influence in China. Source link
The Wall Street Journal, New York Times, Washington Post Win Pulitzer Prizes
The Journal won for an investigative series examining the investments of federal officials. Source link
Tyson Foods Stock Plummets After It Slashes Outlook for 2023
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America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
‘Guardians of the Galaxy Vol. 3’ Delivers $100 Million-Plus Debut for Disney’s Marvel
The third installment of director James Gunn’s trilogy tallied $114 million in domestic ticket sales this weekend, giving Marvel Studios...
VW’s New CEO Expected to Replace Management of Ailing Software Unit
In his first major restructuring move since becoming chief last year, Oliver Blume is expected to oust Cariad’s leadership after...
