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Treasury’s Record Cash Pile Is Jerome Powell’s $700 Billion Headache

The U.S. Treasury is sitting on a near-record $1.5 trillion pile of cash, and what it does with it has become the biggest wild card for funding markets as quarter-end approaches. The department’s initiative to ensure...

Nikola Founder Has $7.4 Billion Fortune on Free Truck Orders

His company has sent his net worth soaring to $7.4 billion, but Trevor Milton is frustrated. The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the...

Lebanon Vows to Stabilize Currency After Night of Angry Protests

Lebanon’s top officials vowed to take measures to strengthen the pound against the dollar after nationwide protests over deteriorating living conditions reignited, piling pressure on the government to act. Angry demonstrators used burning trash and tires...

Barstool Sports’ Dave Portnoy Is Leading an Army of Day Traders

Barstool Sports’ Dave Portnoy had bought just one stock in his life before the quarantine hit. When the country shut down in March, canceling sports and sports betting, the founder of the brash media empire...

American Airlines expects to halt cash burn by year-end, shares jump

American Airlines Group Inc said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel demand, easing concerns about its short-term...

Engineers Found Guilty of Stealing Micron Secrets for China

A Taiwanese court ruled Friday that current and former engineers from United Microelectronics Corp. stole trade secrets from U.S. chipmaker Micron Technology Inc. and shared them with a government-backed mainland Chinese company, closing one chapter...