Bloomberg Business

(Bloomberg) — The euro fell to its weakest level this year as the dollar gained against all of its 10 major peers at the start of a new quarter of trading.

The first-ever exchange-traded funds based on Ether futures began trading in the US, capping a years-long battle by firms to provide investment vehicles centered on the second-largest digital token.

The rout in Treasuries intensified Monday and US stocks struggled as traders digested messaging that the Federal Reserve needs to leave borrowing costs high to rein in inflation.

The US government said a bondholder’s lawsuit against Sri Lanka over the country’s historic debt default should be put on hold.

A pair of Wall Street’s most prominent US equity strategists are at odds about whether stocks can extend this year’s rally against the reality that interest rates will remain higher for longer.

General Motors Co., Ford Motor Co. and Stellantis NV face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to an estimate from their Washington-based trade group.

Brazil’s Senate approved legislation to limit the growth of credit card debt to 100% of its original amount, an attempt to cap interest rates that currently average nearly 450%.

(Bloomberg) — Sphere Entertainment Co. jumped Monday after the live-entertainment company’s Las Vegas venue opened on Friday with a show from rock band U2. 

Canadian stocks erased their gains for the year, defying strategists’ bullish outlook and causing the nation’s shares to fall further behind their US peers.

Microsoft Corp. was willing to hide its search engine’s “Bing” brand on Apple Inc. devices in order to secure an agreement with the iPhone maker and unseat Google, Chief Executive Officer Satya Nadella testified Monday.