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U.S. Companies Score Partial Reprieve From Global Tax Deal

July 17, 2023 / no comments

Changes to the deal negotiated by officials including Treasury Secretary Janet Yellen will delay or reduce taxes set to be paid to foreign countries. 

Big Banks’ Earnings Have Some Bad News for Smaller Banks

July 17, 2023 / no comments

Regional lenders due to report results this week will likely be hit harder by rising deposit costs.

Binance Cuts Back Employee Benefits, Citing Decline in Profit

July 17, 2023 / no comments

The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items.

Major Banks Strengthen Reserves Ahead Of Expected Office Loan Losses

July 17, 2023 / no comments

More expected delinquencies for commercial mortgages, especially those tied to office properties, have led Wells Fargo and JPMorgan Chase to increase their loan loss allowances. 

Treating Alzheimer’s Very Early Offers Better Hope of Slowing Decline, Study Finds

July 17, 2023 / no comments

A trial of donanemab, an experimental drug, found it modestly slowed the worsening of memory and thinking and worked better in patients at earlier stages and those under 75.

Ford Slashes Price of Electric F-150 Lightning as Demand Weakens

July 17, 2023 / no comments

Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.

Politico Names John Harris as Its Top Editor

July 17, 2023 / no comments

Mr. Harris, who helped found the media outlet in 2007, will succeed Matt Kaminski as the publication’s editor in the United States and add oversight of international editions.

Wheat prices jump after Russia pulls out of the Black Sea grain deal.

July 17, 2023 / no comments

Wheat futures rose more than 4 percent, raising fears of an increase in global food inflation.

Efforts to Rein In AI Tap Lesson From Social Media: Don’t Wait Until It’s Too Late

July 17, 2023 / no comments

Activists and officials race to shape rules and public understanding of new artificial intelligence tools.

For Clues About Carvana’s Future, Look to Its Past

July 17, 2023 / no comments

Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans.

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