Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of…

The transatlantic battle of green tax credits reached a turning point this week when a leaked document revealed the EU was planning to hit back hard against the US’s $369bn Inflation Reduction Act.Under a draft plan seen by the Financial Times, the European Commission outlined…

Gautam Adani looks set to cede his position as Asia’s richest man to another Indian billionaire as shares in his business empire continue to plunge following fraud allegations leveled by an American short seller. In an investigation published last Tuesday, Hindenburg Research accused Adani’s ports-to-power…

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022.Evelyn Hockstein | ReutersThis week’s Federal Reserve meeting will be…

British cyber security group Darktrace said on Wednesday that it would buy back up to £75mn worth of shares, after coming under attack from a short seller that accused it of accounting irregularities. The London-listed company said plans to acquire up to 35mn shares was…

The Federal Reserve unanimously approved a quarter-point interest rate hike Wednesday, slowing the pace of its increases in a clear sign that the central bank is seeing progress in its fierce battle with inflation. The decision, at the conclusion of the Federal Open Market Committee’s…