Business

New York CNN  —  An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, the latest incident that threatens to amplify concerns among Western executives about the potential consequences of visiting the world’s second-biggest economy. Chinese authorities said Monday the exit ban placed on Wells Fargo executive Chenyue Mao is part of a criminal investigation. “Ms. Mao …

The Nasdaq is partying like it’s 1999. Why that might signal a stock-market selloff ahead  MarketWatch Source link

Fed Defends Renovations as Trump Administration Intensifies Attacks  The New York Times Fed Chair Jerome Powell hit with criminal referral by House GOP Trump ally  Fox News The Fed – Marriner S. Eccles Building and 1951 Constitution Avenue Building Project  Federal Reserve Board (.gov) Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration  CNN Trump officials to visit Fed …

China says Wells Fargo banker under exit ban is involved in criminal case  Reuters China bans Wells Fargo banker from leaving the country  CNN China Confirms Exit Ban on Wells Fargo Banker Chenyue Mao  The Wall Street Journal China blocks Wells Fargo banker from leaving due to ‘criminal case’  BBC China Exit Ban on Wells Fargo Executive Stokes Foreign Business Anxiety  The New York Times …

Microsoft server hack has hit about 100 victims, researcher says  Reuters Global hack on Microsoft product hits U.S., state agencies, researchers say  The Washington Post Microsoft hit with SharePoint attack affecting global businesses and governments  CNBC What to know about a vulnerability being exploited on Microsoft SharePoint servers  AP News Microsoft SharePoint attack: Officials issue warning about ‘active exploitation’  USA Today Source link

NEW YORK (AP) — More than 5.2 million aboveground swimming pools sold across the U.S. and Canada over the last two decades are being recalled after nine drowning deaths were reported. The recall covers a range of Bestway, Intex Recreation and Polygroup pools that were sold by major retailers as far back as 2002. According to Monday notices published by …

Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Bloomberg | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Monday that implementing high tariff rates on countries starting August 1 “will put more pressure on those countries to come with better agreements.” Bessent’s remarks suggest that he views President …

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Jonathan Fitzpatrick, CEO of Subway. Courtesy: Subway Sandwich chain Subway has tapped former Burger King executive Jonathan Fitzpatrick as the company’s latest CEO, effective July 28. The announcement on Monday follows a months-long search for former CEO John Chidsey’s successor. Chidsey retired at the end of 2024 after five years with the company. His tenure included the $9.6 billion sale …

China says Wells Fargo executive ‘involved in a criminal case’  The Washington Post China Confirms Exit Ban on Wells Fargo Banker Chenyue Mao  The Wall Street Journal China Exit Ban on Wells Fargo Executive Stokes Foreign Business Anxiety  The New York Times China Says Wells Fargo Banker ‘Involved’ in Criminal Case  Bloomberg China imposes “exit ban” on Wells Fargo executive, reports say  Axios Source link