Bloomberg Business

Manhattan’s office-vacancy rate is at a record high as new developments add even more space to the struggling market.

Venezuela will push back a legal deadline on $60 billion of defaulted debt in a bid by President Nicolas Maduro to prevent creditors from filing a wave of lawsuits while he attempts to regain recognition from the US.

The Biden administration favors potentially increasing the World Bank’s risk tolerance in the future more than the institution’s shareholders have decided for now, a move that could enable the lender to provide billions more for global challenges including climate change.

Charles Schwab Corp.’s clients are pulling cash out of the firm’s low-interest-rate bank accounts at twice the rate that Morgan Stanley expected, prompting the firm’s analyst to yank his buy-equivalent rating on Schwab for the first time since he began covering the brokerage stock seven years ago.

Technology stocks propelled US stocks higher as Federal Reserve officials reiterated their resolve to lower inflation.

Eric Adams is sick and tired of people not returning to their offices.

Oil rose to its highest in two weeks as export disruptions and broader market bullishness pushed prices up.

Apollo Global Management Inc. is considering bidding as much as $2.78 billion for equipment and parts manufacturer Arconic Corp., according to a person familiar with the matter.

Federal Reserve officials continued to stress the need to lower inflation even as they keep an eye on the fallout from the collapse of Silicon Valley Bank earlier this month.

Mexico slowed the pace of interest rate increases Thursday, raising borrowing costs by a quarter percentage point, as decelerating inflation has policymakers on the cusp of ending a record tightening cycle.