 | | | | When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected. | | | | | | Retail power marketers in Texas are appealing multi-million dollar bills from last week's blackout that they say could cripple them and unravel Texas' nearly two-decade-old experiment as the most deregulated U.S. electricity market. | | | | | | The Nasdaq recovered as the bond rout retreated on Friday, but most other equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive. | | | | | | Saudi Arabia's 2060 Eurobond edged higher on Friday after Crown Prince Mohammed bin Salman was spared U.S. sanctions over the 2018 killing of journalist Jamal Khashoggi. | | | | | | The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year. | | | | | | The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high. | | | | | | Shares in state-controlled Banco do Brasil SA were down more than 5% in late afternoon trading on Friday, as Brazilian media reported that Chief Executive André Brandao may quit. | | | | | | The National Football League (NFL) on Friday denied a report that said it had reached a media rights deal with Walt Disney Co's channels ESPN and ABC. | | | | | | Bots on major social media platforms have been hyping up GameStop Corp and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy. | | | | | | Ardagh Metal Packaging sold $2.8 billion worth of green bonds on Friday, the biggest green issuance in the high-yield market to date, as a part of its plan to merge with a blank-check firm backed by billionaire Alec Gores. | | | | | |
