Bloomberg Business

Municipal bonds have gotten so rich that investors may be better off buying US Treasuries.

Intel Corp. jumped after the beleaguered chipmaking pioneer declared an end to the personal computer slump and said the second half of 2023 will show that its long-awaited comeback is underway.

The European Central Bank said a review of lenders’ leveraged finance exposures showed them to be riskier than other corporate loans, underlining its scrutiny of a lucrative corner of banking.

Laurentian Bank of Canada shares tumbled as much as 9% on a report that Bank of Nova Scotia and Toronto-Dominion Bank dropped out of the running to acquire the Montreal-based lender.

TV’s Emmy Awards, scheduled to be broadcast in September, have been postponed due to the twin strikes by actors and writers.

Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans seeking insurance against property losses.

PacWest Bancorp attracted unwanted attention this year after deposit outflows called into question whether it could survive. Among the firm’s customers, though, its reputation was for some of the highest interest rates available on savings accounts.

More regional-bank consolidation is likely in the wake of Banc of California Inc.’s agreement to combine with PacWest Bancorp, Southern Bancorp Chief Executive Officer Darrin Williams said.