Bloomberg Business

As the city tries to attract more out-of-state workers and wealthy residents, it must deal with a multi-billion dollar environmental problem.

Francisco Partners and TPG have agreed to buy software provider New Relic Inc. in a go-private deal that values the company at $6.5 billion.

Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further.

Truist Financial Corp.’s needs to improve expense discipline and governance to win back investors, and it’s “primed” for an activist push as long as those problems linger, according to veteran banking analyst Mike Mayo.

Mexico’s economy grew more than expected in the second quarter as private consumption remains robust and the country benefits from strong exports to the US, its largest trading partner.

US homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher, but just one in five mortgaged homes meet that criteria.

BlackRock Inc. favors local-currency bonds in Latin America over other emerging markets as central banks in the region gear up to start reversing the world’s steepest interest-rate hiking cycle.

Experts expect the new technology to transform jobs more than eliminate them. Here’s how some companies are responding.

Nuclear energy is gaining significant momentum in Ontario, with new plans to expand an existing plant to become the world’s largest and a pledge to add three small modular reactors to a site where another is already being built.

Record heat, extreme weather events and war are still upending global commodity markets. Rice — a food staple for nearly half the global population — is surging, while energy costs are also rising. Earnings from the world’s biggest oil companies are now in the books, but a slew of results from independent US shale operators are due in the coming days. Also on tap: second-quarter earnings from Caterpillar Inc.