Libor relied on self-reported estimates of borrowing costs from banks, and prosecutors and regulators said traders pushed for those bids to be artificially high or low to make certain financial assets more profitable. Mr. Claure will also retain his personal stakes in T-Mobile and the merged entity. With the 2024 presidential election looming, forecasts showing federal budget deficits and the national debt continuing to grow have bond investors on edge as fiscal risks increase. Bank of Montreal appointed Blake Jespersen as head of debt capital markets, with Richard Sibthorpe stepping down at the end of June after a decade leading the unit, according to people familiar with the matter. Kevin Downey, Ms. Holmes’s lawyer, said she had not purposely misled investors and patients with her statements.
- The government imposed travel restrictions before the Chinese New Year holidays, which fell in February this year.
- 6 Podcasts About the Joys and Terrors of Air TravelIn this month’s roundup, true stories of air disasters (and why they’re so rare), as well as love letters to life in the skies.
- Gildan Activewear Inc.’s entire board of directors and Chief Executive Officer Vince Tyra quit on Thursday, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker.
- Ms. Holmes’s trial has stretched nearly four months, with testimony from dozens of witnesses including scientists, chief executives and a four-star general.
- Baiju Bhatt, left, and Vlad Tenev, the co-founders of Robinhood, in New York on July 29 for the company’s initial public offering.
FOX Business’ Stuart Varney discusses Sen. Elizabeth Warren’s Ultra-Millionaire Tax Act as the U.S. stock market continues to enrich tens of millions of investors. Gildan Activewear Inc.’s entire board of directors and Chief Executive Officer Vince Tyra quit on Thursday, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker. May 22, 2024 • A new report from the Fed shows little change in family finances over the last year, but rising prices remain a big worry.
Discover the Best REKART Gaming Chairs in India for Ultimate Comfort and Style
Revenue growth may be slowing, but Shopify continues to gain market share. Analysts see revenue climbing 21% this year and another 20% come 2025. It may translate into four years of failing to top 30% growth, but an optimist would see it as four years of clearing 20%. Cathie Wood makes it easy to keep tabs on her aggressive growth stock habits.
Breaking business news, incisive views, must-reads and market signals. The Australian share market has dropped across the board to post its worst losses in more than three weeks as hopes fade for mid-year interest rate cuts. The singer’s challenge to Spotify has become a high-profile, if unexpected, flash point in the battle over misinformation and free speech online. It also raised questions about the power of performing artists to control where their work is heard. The executives attributed the slower adoption to the alliance’s global market presence, especially in developing countries where high prices for electric cars and less reliable power grids make consumers reluctant to make the switch.
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Oracle said on Monday that it had agreed to pay $28.3 billion for Cerner, a large electronic health records vendor. The deal is the largest-ever acquisition by Oracle, a database giant, and a sign that some major technology companies see health care as a growth opportunity. Each week we alternate between an interview with a company leader and an industry deep dive.
- One striking change in the pandemic is that with dining, travel and other in-person experiences curtailed, consumers shifted to spending more heavily on goods.
- Jakarta counts on private investors to expand MRT, LRT The city administration needs investors to develop three projects worth Rp 84.6 trillion (US$5.93 billion).
- State-run Development Bank of the Philippines plans to raise over P30 billion from a bond issuance in the fourth quarter of…
Its records, unlike those of other large suppliers like Epic, are built atop the Oracle database. The merger also holds the potential to combine data that Cerner gathers in its digital records with Oracle’s data analysis and artificial intelligence tools to spot patterns and make predictions about effective treatments. Cerner is No. 2 in the electronic health record business with 25 percent of the market. Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer. Retail sales, another key economic indicator, climbed 33.8% in the period, although the jobless rate was 5.5% at the end of February, up from 5.2% in December.