4:30 a.m., Sept. 25, 2021, Tianjin, China A pair of prison vans approached the terminal at Tianjin Binhai International Airport carrying two Canadians, blindfolded and disoriented from 1,019 days in captivity. On the moonlit tarmac, an unmarked U.S. Gulfstream jet waited to take them home. Nearby, the Canadian ambassador paced the carpeted lounge. Fifteen time … Read more
For the brave, this could be the time to buy Credit Suisse. CS -19.52% For the more risk-averse, the bank’s ability to attract capital this quarter will serve as a crucial proof point for its recovery. The beleaguered Swiss company unveiled its latest overhaul on Thursday alongside a big third-quarter loss, mostly due to a … Read more
Roelof Botha, the head of Sequoia Capital, said he thinks there are large improvements to be made for Twitter Inc.’s TWTR 2.45% current business and that Elon Musk’s takeover bid for the social media company will be a success. Mr. Botha, speaking at The Wall Street Journal’s Tech Live conference, said he thought Twitter could … Read more
Deutsche Bank AG’s DB 2.54% net profit rose sharply in the third quarter as it charged higher interest on loans and traded more currencies and bonds for clients in a volatile market. But in a sign of challenges ahead, Germany’s biggest bank set aside more money to cover possible defaults from borrowers amid a looming … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — It’s safe to say that the global economy is in a pretty bad … Read more
The Federal Housing Finance Agency said Monday that it will require lenders that use credit scores for mortgage underwriting to use scores from both Fair Isaac Corp., FICO 1.52% the creator of FICO credit scores, and its competitor VantageScore Solutions LLC. Until now, mortgage lenders had to gauge most borrowers using only FICO scores if … Read more
NEW YORK—Ross Mtangi, a trading executive at Credit Suisse Group AG , left his Manhattan penthouse in March 2021 with his laptop and told his pregnant partner he was going to work. He checked into a nearby hotel and tuned in to work calls. Later, he texted for cocaine from a drug delivery service. A … Read more
CNN — When President Joe Biden visits Pennsylvania on Thursday, he’ll tout infrastructure investments that helped rebuild a collapsed bridge and raise campaign cash away from cameras with the state’s Democratic Senate candidate. Where he won’t appear is a campaign rally stage. Three weeks before November’s elections, Biden’s visit to Pittsburgh and Philadelphia neatly demonstrates … Read more
Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi CNN — Earlier this year, Iran flaunted a new patriotic song targeting school children around the country. Titled “Salute, Commander,” the song was a tribute … Read more
About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, including American Express co. and Verizon Communications Inc., are on tap to report. The latest earnings round comes as investors weigh a number of recent economic indicators, from … Read more