Business

The U.S. services industry unexpectedly picked up in July as new orders grew solidly, supporting views that the economy was not in recession despite output slumping in the first half. …

U.S. services sector surprises with momentum; supply, price pressures easing Read More

It would be ‘reasonable’ for the Federal Reserve to raise interest rates by 50 basis points next month if the economy evolves as expected, San Francisco Fed President Mary Daly …

Fed’s Daly says 50-basis-point rate hike next month is ‘reasonable’ Read More

Private equity firm Thoma Bravo is buying Ping Identity (PING.N) for $2.4 billion, deepening a bet on the cybersecurity sector that has been one of the big winners of the …

Thoma Bravo deepens cybersecurity bet with $2.4 bln deal for Ping Identity Read More

Ben & Jerry’s independent board said parent company Unilever Plc, (ULVR.L) with which it is locked in a dispute over the sale of its Israeli business, had frozen its directors’ …

Ben & Jerry’s says Unilever froze directors’ salaries Read More

German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced …

Germany’s Scholz says Russia has no reason to hold up turbine return Read More

Automakers want Democratic Senator Joe Manchin to revisit his proposal to restructure the $7,500 electric vehicle tax credit, raising fears it could be largely unworkable because of new sourcing requirements …

Automakers press U.S. Senator Manchin for changes to EV tax credit proposal Read More

Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O) and Block (SQ.N), as a chill in the cryptocurrency market adds more pain to the companies already grappling …

Crypto winter may temper fintech earnings Read More