Bloomberg Business

Short sellers in Carvana Co. just passed a grim milestone: more than $1 billion in losses this year.

Japanese Prime Minister Fumio Kishida may head into an early election despite a public rift in his 24-year-old coalition, given that putting off the vote would be an even more unpalatable prospect.

Unilever Plc’s departing India chief cautioned that his successor will have to navigate increasingly heated competition, as global giants to powerful domestic tycoons — including Mukesh Ambani and Gautam Adani — race to get a foothold in the country’s fast-growing consumer market.

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg sought to reassure employees about the company’s strategy, especially its emphasis on artificial intelligence, just two weeks after it finished the latest round of job cuts.

As the PGA’s Canadian Open tournament kicked off, the talk wasn’t about the playing conditions, the $9 million total prize purse or the smoky skies — it was all about LIV Golf.

A rally in technology stocks resumed Thursday, pushing the S&P 500’s gains since an October low past 20%, the marker of a bull market.

For several weeks, House Speaker Kevin McCarthy couldn’t find a microphone he didn’t like. But, faced with a revolt on his right flank, the California Republican is suddenly silent.

The federal judge overseeing the bankrupt crypto firm FTX vowed to retain control over $7.3 billion in disputed assets, a potential setback for liquidators in the Bahamas seeking to claim to some of the money as part of a separate insolvency case on the island nation.