Mitch McConnell has said the US Senate will be in session next week, as lawmakers and the White House delay summer holidays in a scramble to cut a deal on a further round of economic stimulus. “We’re certainly going to be in next week,” Mr McConnell, the Senate’s top... Read more

A German businessman responsible for one of Wirecard’s biggest sources of stated profits has been reported dead a month after Philippine authorities announced he was under investigation over the payments company’s collapse.  The death of Christopher Bauer, 44, was reported to a civil registry in Manila last week. In... Read more

A falling U.S. dollar is getting a lot of attention from stock-market investors, and according to the chart below from Wells Fargo Investment Institute, the focus isn’t misplaced. The chart sums up how the stock market and a variety of sectors have performed during past episodes of dollar weakness... Read more

Renowned shortseller David Einhorn has hit out at auditors and regulators for failing to detect signs that now-bankrupt German fintech Wirecard was a fraud “hiding in plain sight”.  “There were many voices yelling ‘Fraud!’ at the top of their lungs,” the head of hedge fund Greenlight Capital wrote in... Read more