Global benchmark Brent crude oil fell below $90 a barrel on Thursday in volatile trade, halting a near two-week rally, on multiple signals warning of weaker demand in the coming months.
Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday.
New Era Cap LLC, a supplier of major U.S. sports league headware, has kicked off preparations for an initial public offering (IPO) in New York that could value it at $4 billion to $5 billion, according to people familiar with the matter.
Boeing is set to meet targets to deliver at least 400 narrowbody 737s this year, its chief financial officer said on Thursday, despite a recently discovered production flaw that has slowed deliveries of its bestselling 737 MAX.
HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed after Russia’s invasion of Ukraine.
U.S. bank profits and deposits were broadly steady in the second quarter, suggesting sector turmoil earlier this year has abated, but regulators are still keeping a close eye on unrealized losses, the Federal Deposit Insurance Corporation said on Thursday.
Beijing’s widening curbs on iPhone use by government staff raised concerns among U.S. lawmakers on Thursday and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries.
A new series of smartphones launched by China’s Huawei Technologies (HWT.UL) has drawn global attention for containing technology that indicates the company has managed to overcome U.S. sanctions and could come back as a rival to Apple
General Motors was ordered by a federal appeals court on Thursday to defend against claims by a Black safety supervisor, who said she endured years of racism and sexism at an upstate New York plant where other workers displayed Confederate flags and nooses.
