Bloomberg Business

(Bloomberg) — Two years after inflation surged, the Federal Reserve has made limited progress tamping it down. A coterie of investors in the bond market is betting not only that policymakers will win, but that they’re right in anticipating the era of low long-term interest rates will return.

Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.

Wheat surged for a fifth straight day after fighting between Russia and Ukraine escalated, with the destruction of a dam and damage to an ammonia pipeline that Moscow views as key to negotiations for extending the Black Sea grain deal.

Kenvue Inc. looked like a winner following its May spinoff from Johnson & Johnson in the year’s biggest IPO. But just a few weeks after the stock’s initial surge, Wall Street is urging investors to avoid the shares.

Struggling companies like Incora and Envision Healthcare Corp. asked lenders for lifelines, and got them, in contentious transactions that sometimes triggered lawsuits. Then they went bust anyway.

The list of digital tokens deemed as unregistered securities by the Securities and Exchange Commission now spans over $120 billion of crypto after the US agency’s lawsuits against Binance Holdings Ltd. and Coinbase Global Inc.

The Bank of England has completed its planned sales of corporate bonds originally bought as part of a program to stabilize markets in the wake of the Brexit vote and the emergence of the Covid-19 pandemic.

The stock market’s cool response to the launch of Apple Inc.’s mixed-reality headset left investors pondering what will provide the next push for a rally that has propelled the shares into record territory.