Credit cards and mobile apps won’t pay for much in a power outage.
The bank agreed to pay $75 million to settle with the U.S. Virgin Islands and also reached a confidential settlement with a former top banker who pushed to keep the disgraced financier as a client.
If Americans still have money sitting around, consumer spending could be bolstered and any remaining savings could make it easier for people to weather a rainy day.
The deal with the U.S. Virgin Islands ends a legal battle that had exposed the disgraced financier’s close ties to the bank and the U.S. territory
The company says it was offering the better product, while the Justice Department argues the agreements were illegal.
Efforts to seal testimony have increasingly raised questions as the federal antitrust case enters its third week in court.
States are relying more on batteries to avoid blackouts, and additional projects are coming online soon.
‘Every battle is a do-or-die situation,’ Binance co-founder Yi He writes.
The president and his leading Republican rival are heading to Michigan to address members of the U.A.W., whose political clout is growing.
Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.