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President Donald Trump sued to block Deutsche Bank AG and Capital One Financial Corp. from complying with congressional subpoenas targeting his bank records, escalating the president’s showdown with Democratic lawmakers investigating his finances. The German lender has already begun the
• UiPath, a New York-based AI enterprise software developer, raised $ 568 million in Series D funding at a post-money valuation of $ 7 billion. Coatue led the round, and was joined by investors including Dragoneer, Wellington, Sands Capital,
U.S. Attorney General William Barr objects to testifying before the House Judiciary Committee in a closed session dedicated to redacted portions of Special Counsel Robert Mueller’s Russia report, a congressional Democratic aide said on Sunday. Barr is threatening to skip
Intercontinental Exchange (ICE), which owns the New York Stock Exchange, made a splash last August with big plans to get into the Bitcoin business. Those ambitions, however, have been stymied by regulatory delays, leading ICE on Monday to announce a
U.S. negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for
Fans around the globe packed movie theaters for the debut of “Avengers: Endgame” over the weekend, pushing total ticket sales for the Walt Disney Co superhero spectacle to a stunning $ 1.2 billion and crushing records in dozens of countries.
Amazon.com Inc. will spend $ 800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition. The announcement came after the
When An Earnings “Make” Is Really A “Miss”
Talk about managing expectations. From the looks of it, corporate earnings surged in the first quarter. So far, 77 percent of the 229 companies that reported have posted better-than-expected earnings result, according to data by Refinitiv published today. Companies across
Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to
The U.S. economy continues to steam ahead. Gross domestic product (GDP) grew at a 3.2% annualized rate in the first quarter of 2019, the Department of Commerce announced today—with that figure exceeding expectations and continuing one of the longest economic