Bloomberg Business

Crypto trading volumes seem to have surged last quarter as token prices spiked higher. But looking at the data more closely paints a different picture.

US business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.

Fox Corp. Chief Executive Officer Lachlan Murdoch dropped a defamation lawsuit he filed last August against an Australian news site over a piece it published about him and the effort to overturn the 2020 US presidential election.

The chief executive officer at asset manager Duet Group took all major strategic decisions on a controversial dividend-tax trading strategy that cost Germany €92 million, a key witness said at a German criminal trial.

Ping An Insurance Group Co. said HSBC Holdings Plc doesn’t respect the concerns or views of its shareholders, the latest sign that relations between the two companies are at a low ebb ahead of the British bank’s first quarter results and annual meeting in early May.

Procter & Gamble Co. raised its sales projection for the fiscal year ending in June, citing higher prices and a slight increase in demand for some of its products. The shares rose the most in three years.

Day traders are paying a price for their newfound love affair with one of the hottest trades in the equity market.

As the dominant force in online search, Alphabet Inc.’s Google has for years had little to challenge its supremacy. But the rapid adoption of OpenAI’s ChatGPT has some investors concerned that may be about to change.

Tesla Inc. increased prices of its Model S and X vehicles in the US after steep markdowns early this year took a toll on profitability and the carmaker’s shares.