Bloomberg Business

Apple Inc. and Microsoft Corp. have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge’s increasingly top-heavy nature.

Exxon Mobil Corp. and Chevron Corp. are reaping profits not seen since oil topped $145 a barrel in 2008 — almost twice the current price.

Amazon.com Inc. fell after warning that growth in its cloud computing business is cooling, dashing hopes that the company’s most profitable division would weather an otherwise lackluster environment for technology spending.

The state plans to take control in Chile, which boasts unmatched reserves of the battery metal.

Short sellers have ramped up bets against commercial mortgage REITs, wagering that more borrowers will default on office debt as interest costs increase and property values fall.

President Joe Biden and congressional Democrats plan to use Republican proposals to slash Social Security and Medicare as a key wedge issue in the 2024 election campaign, showcasing the partisan divide in Washington over crucial programs that are facing long-term financial collapse.

French billionaire Bernard Arnault said he’s upbeat about the outlook for the US economy, even as economists debate the likelihood of a recession.

Here’s what’s on Bloomberg Green’s weather radar today.

German inflation unexpectedly eased in April after the economy struggled at the start of 2023, adding to a mixed bag of data for the European Central Bank to ponder before next week’s interest-rate decision.

In what is a traditionally moribund corner of Wall Street, speculators are piling into a bet that once seemed unthinkable: that the US government will default on its debts.