Employees Call Out Locker-Room Culture at Phoenix Suns Owner’s Company
Mat Ishbia built one of the largest mortgage-origination firms in the US. Some current and former employees say they encountered racial disparities, sexism and bullying there.
Bloomberg Business
US 30-Year Mortgage Rate Drops a Fifth Week to Two-Month Low
US 30-year fixed mortgage rates fell for a fifth-straight week to the lowest level in two months, shoring up demand to buy a home.
As DeSantis Lags Trump in 2024 Polls, He Tries to Gain Momentum Outside of Florida
Ron DeSantis is venturing outside of Florida with stops in Ohio and New Hampshire after recent fumbles in the national glare left the Florida governor and 2024 presidential hopeful further behind Donald Trump in polls.
Top US Banks to Reveal $521 Billion Deposit Drop, Most in Decade
The largest US banks are about to reveal how they fared as customer deposits came under siege in the first quarter.
California Social Media Addiction Bill Advances in Narrower Form
A California bill seeking to hold social media companies legally responsible for addicting young users to their platforms advanced, clearing an initial hurdle after it was amended to allow lawsuits only by public prosecutors.
Bank of Canada to Stay on Pause Despite Strong Economic Growth
Canada’s economy was supposed to be stalling by now. It’s still charging ahead, creating a challenge for the central bank as it prepares to hold its policy rate at 4.5% for a second straight decision.
Warren Buffett Praises Greg Abel for Doing ‘All the Work’ at Berkshire
Warren Buffett said Greg Abel, who was named his Berkshire Hathaway Inc. heir apparent in 2021, has already taken over most of his responsibilities at the conglomerate.
Tencent Shares Slump as Prosus Seen to Step Up Selling
Tencent Holdings Ltd. tumbled by the most in over two months on signs that its largest shareholder Prosus NV may extend the selling of the Chinese tech firm’s stock.
EU’s Highest Inflation Ticks Down, Hungary Wary of Rate Cuts
Hungarian inflation eased for a second month but remained by far the highest in the European Union, which is likely to prevent the central bank from considering interest-rate cuts anytime soon.
King Charles III Banknote-Printer De La Rue Hits Record Low on New Warning
De La Rue Plc shares fell to a record low as the company that’s printing new UK money featuring King Charles III warned that demand for banknotes is the weakest in 20 years.
