Bloomberg Business

Equity smart-beta exchange-traded funds in the US saw record outflows in the month of May, with outsized drops in value funds targeting cheap stocks.

Airbnb Inc. sued New York seeking to block a municipal law set to go into effect next month that will require hosts to register for an operating license, saying it is a “de facto ban” against short-term rentals in the largest US city.

Renaissance Technologies founder Jim Simons and his wife Marilyn are giving $500 million to Stony Brook University, the public college on Long Island where he taught before leaving to start his wildly profitable hedge fund.

US mortgage rates increased for a third straight week, reaching the highest level since November.

The House Oversight Committee is opening an investigation into US Federal Trade Commission Chair Lina Khan, ratcheting up the fight between the GOP and Khan as she attempts to reinvigorate the consumer protection agency.

Spirit Airlines Inc. delayed about 40% of its flights Thursday morning as the discount carrier grappled with a temporary glitch that affected its mobile app and website.

The release of consumer-focused artificial intelligence tools such as ChatGPT and Google’s Bard is set to fuel a decade-long boom that grows the market for generative AI to an estimated $1.3 trillion in revenue by 2032 from $40 billion last year.

(Bloomberg) — Brazil’s economy roared back in the first months of 2023, lifted by bumper harvests that outweighed the drag of double-digit borrowing costs.

Those making a salary of $250,000 in Portland pay over $100,000 in taxes.

SVB Securities management is in talks to buy back the investment bank from bankrupt SVB Financial Group, according to people familiar with the matter.