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Asian Stocks to Rise as Tech Lifts Wall Street: Markets Wrap
Equities in Asia were set for early gains after stocks and bonds rallied on Wall Street Thursday, ahead of crucial US jobs data due later Friday.
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Wells Fargo Says US Scrutinizing Zelle Complaints Behind Scenes
Wells Fargo & Co. said US authorities are scrutinizing how consumer complaints about Zelle payments are handled, following larger rival JPMorgan Chase & Co. in acknowledging behind-the-scenes interest in what has been a hot political topic in Washington.
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Biden Touts Infrastructure Funds in Bid to Flip North Carolina
President Joe Biden lambasted Republicans who opposed his signature infrastructure law that is funding lead-pipe removal in North Carolina, as he seeks to make a long-shot play for the battleground state.
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FTC’s Surprise Attack on US Oil Icon Rattles Shale Sector
The Federal Trade Commission’s allegations that shale trailblazer Scott Sheffield tried to collude with OPEC to prop up crude prices is unnerving US oil executives pursuing more than $100 billion in deals.
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NYC Public Schools Gifted Programs Targeted by Segregation Lawsuit
A lawsuit accusing New York City of entrenching racial segregation in the country’s largest public school system will move ahead, with top schools like Stuyvesant and Bronx Science in the spotlight.
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Aritzia Expects Real Estate Expansion to Drive Full-Year Revenue
Aritzia Inc. initiated its sales outlook for the fiscal year, indicating a US expansion and revamped styles are helping it regain customers that it lost during the pandemic.
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US Steel Pushes Back Date to Seal Transaction With Nippon Steel
United States Steel Corp. is pushing back the expected time-frame for completing its contentious $14.1 billion takeover by Nippon Steel Corp. to the second half of the year.
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Market Hunts for Signs of Japan Yen Intervention in Fed Accounts
Fresh data on the Federal Reserve’s various accounts hints at two potential ways Japanese policy makers may have funded currency interventions this past week to bolster the beleaguered yen.
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Three ECB Cuts Now More Likely in 2024, Stournaras Tells Liberal
The European Central Bank will probably lower borrowing costs three times this year instead of four, according to Governing Council member Yannis Stournaras.
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Key US Lawmakers Want FTC Probe Into TikTok’s Use of Kids for Lobbying
Key US House lawmakers called on the Federal Trade Commission to investigate whether TikTok officials violated laws protecting children and used the popular app to urge under-age users to lobby Congress.
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