Bloomberg Business

Discount retailer Christmas Tree Shops Inc. has begun shutting down its business after dwindling sales prompted lenders to withdraw funding for its Chapter 11 case.

NATO allies have agreed to a new pledge to spend at least 2% of GDP on defense, firming up the alliance’s previous goal to “move toward the 2% guideline.”

Costa Rica’s annual inflation rate turned negative in June after soaring to double digits last year, following a series of rate hikes, falling oil prices and a strong local currency.

Change Company, a mortgage lender set up to focus on poor and minority borrowers, has been accused by a former employee in a lawsuit of lying to the government and its bondholders about who is actually receiving loans.

On Thursday, a blowout jobs report pushed US yields to the highest in 16 years — unleashing fresh bets that Jerome Powell & Co. will ramp up borrowing costs well past 5%.

Three federal agencies are looking into potentially predatory practices in medical-payment products such as credit cards and installment loans patients use to pay for health care.

The yen surged the most since March against a broadly weaker dollar after softer-than-expected US payrolls data, prompting traders to unwind short positions.