Bloomberg Business

Financial pain is ratcheting up for New York-area renters.

Costa Rica’s days of living beyond its means and running up reckless amounts of debt are over, said the nation’s president, whose fiscal turnaround is winning over currency and bond traders.

Brookfield Asset Management has raised $19 billion for new funds this year and says it’s relying heavily on cash-rich investors in the Middle East and Asia to fuel its growth.

Much of Europe and the northeast US are in store for sweltering summer temperatures well above historical norms, posing risks for crops and energy demand.

As China’s post-Covid recovery loses steam, earnings are unlikely to provide the boost that the country’s tech stocks could really use.

The inflation rate fell below 4% in the Northeast for the first time in almost two years, according to Bureau of Labor Statistics data published Wednesday. In New York City, the annual pace dropped to 3.7% in April from 4.6% in the previous month. Although inflation showed signs of moderation across the country, consumer price growth remains robust in the South and mountain states.

US inflation showed signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases soon.

Corporate America, one of the few reliable purchasers of equities in this bear market, is retreating from its buying binge, fresh evidence that the Federal Reserve-induced slowdown is taking a toll on business sentiment.

Gold rose after US inflation data came in slightly cooler than expected, taking pressure off the Federal Reserve to hike interest rates again.