Bloomberg Business

Friday’s staggering rally in the shares of beleaguered regional banks may have a simple explanation: short-covering.

Treasury yields leaped Friday after US employment data for April tamped down expectations that the Federal Reserve will soon reverse this week’s interest-rate increase and as shares in regional banks rebounded.

US consumer borrowing increased in March by more than expected on one of the largest spikes in credit-card balances on record.

Ecuador’s National Assembly should not impeach President Guillermo Lasso, according to a draft report summarizing testimony from initial hearings before the congressional oversight committee.

Oil fell for the third straight week as concerns about softening demand were exacerbated by low trading volumes.

The Canadian dollar is finding renewed strength after a period of consolidation.

Rochelle Walensky will step down as director of the US Centers for Disease Control and Prevention at the end of June, an unexpected departure after more than two years leading the agency through an oft-criticized response to the biggest public health crisis in a century.

Booking Holdings Inc. and Expedia Group Inc. both reported double-digit increases in gross bookings in the first quarter, signaling strong demand for travel despite high rates of inflation and a cloudy economic outlook.

Enbridge Inc. Chief Executive Officer Greg Ebel said that despite recent volatility in energy markets, oil and natural gas prices are at a level beneficial for both users and producers.