Bloomberg Business

Air Canada broke even in the first quarter, taking advantage of pent-up demand for travel and lower fuel costs as it edges closer to a full recovery from the pandemic.

European natural gas dropped on Friday in its longest run of weekly declines in more than three years, as demand remains muted even with the fuel becoming increasingly more economic than coal for power generation.

The nonpartisan Congressional Budget Office hiked its estimate for the US budget deficit by $130 billion for this year, now seeing the shortfall at $1.54 trillion, and renewed its warning that the Treasury could run out of sufficient cash as soon as early next month.

(Bloomberg) — President Joe Biden’s latest picks for the Federal Reserve would further transform the diversity of the US central bank’s leadership in just two years. 

Bitcoin extended its downturn, putting the coin on pace for a consecutive weekly decline as it gives back some of its 2023 gains.

Consumer prices in India continued to slide in April, giving the central bank room to keep rates on hold after an aggressive tightening campaign dampened demand and muddled the wider outlook for the economy.

Bank of America Corp. wealth management executive Paul Morris was deposed about his relationship with Jeffrey Epstein at two other banks now facing suits alleging they knowingly benefited from sex-trafficking.

Mounting fears over the US debt-ceiling crisis will benefit gold as investors brace for potential chaos in financial markets, according to RBC Capital Markets.

Rio de Janeiro’s electric utility filed for protection from creditors after warning that it was struggling to pay its debts without government authorization to increase tariffs. Its bonds and shares sank.

Bank of England Chief Economist Huw Pill gave the clearest indication yet that officials think they might be able to pause their rate-hiking cycle, saying inflation has hit a “turning point” and is likely to slow.