Bloomberg Business

An ESG fund manager that shuns investing in nations classified as unfree is having one of his best years after the strategy helped him dodge meltdowns in a number of emerging markets.

With the S&P 500 up 25% in nine months and sitting at its best level since April 2022, people want to know: is an all-time high next? John Flood, a partner at Goldman Sachs Group Inc., thinks so.

A week after the US two-year yield topped 5% en route to its highest levels since 2007, the mood has changed completely and bond bulls are mapping out a course for 4%, if not lower.

PepsiCo Inc. raised its sales and earnings estimates once again after a strong quarter, suggesting consumers are still willing to pay higher prices for its beverages and snacks.

Extreme heat from a high-pressure system named Cerberus — after the three-headed hound from Dante’s Inferno — is bearing down on Italy, Greece and the Balkans.

Delta Air Lines Inc.’s profit is soaring as a rebound in international travel promises to keep planes packed through the crucial summer season — and beyond.

Prime Minister Rishi Sunak signed off on pay rises for millions of public sector workers in the UK, as he tries to end the months-long battle with labor unions that is undermining his government’s efforts to improve services ahead of a general election expected next year.

Private equity firm Carlyle Group is said to be leaning toward handing over portfolio company Praesidiad Group Ltd. to a group of creditors as part of a debt restructuring.