Bloomberg Business

“Operation Cookie Monster” part of law enforcement crackdown on digital crime.

Rising interest rates have brought down several lenders that made bad bets, but the worldwide banking system is in generally good shape, Royal Bank of Canada Chief Executive Officer Dave McKay said.

Oil’s biggest rally this year halted as US stockpile draws failed to quell concerns about demand in an uncertain economy.

New York City Mayor Eric Adams has tried hotels, shelters and a cruise terminal to house an influx of more than 50,000 migrants, an effort that’s stretched the budget to the breaking point and strained services.

Tether Holdings Ltd. doesn’t have direct access to the US banking system, but for a while it found at least one pathway: through Signature Bank.

US Treasury yields declined further Wednesday — with the benchmark 10-year reaching its lowest level since mid-September — after a gauge of service-sector activity became the latest piece of data to suggest the US economy is headed for a downturn.

The UK government contracted its first accommodation vessel to house asylum-seekers as Prime Minister Rishi Sunak pursues plans to cut the number of people crossing the English Channel illegally.

Tiger Global Management founder Chase Coleman, whose firm was stung by last year’s tech rout, said the sector now looks attractive thanks to artificial intelligence and other new technologies.

Saudi Arabia’s efforts to break into the ranks of global uranium suppliers — and feed a nascent nuclear power program — are coming up short, with exploration investments failing to find any significant deposits of the heavy metal.