Bloomberg Business

CPI Reading Takes a Temporary Back Seat to Banking Crisis

The most important event on the economic calendar ahead of the Federal Reserve’s monetary policy meeting this month is no longer the latest reading on inflation. Tuesday’s consumer price index reading is being overshadowed by turmoil in the banking industry.

DeSantis and Trump See Schools as the Path to 2024 Nomination

The minute details of a third-grader’s daily lessons are becoming a new battleground in Republican intra-party politics, with potential challenger Ron DeSantis touting his efforts to transform education in Florida and Donald Trump rushing to catch up.

US, Allies Prepare Mega Submarine Deal Under Aukus Agreement

The leaders of the US, Australia and the UK will announce plans for a new fleet of nuclear-powered submarines Monday as they deepen the Aukus defense partnership aimed at countering China in the Pacific. Upgrading Australia’s aging sub fleet is a lynchpin of that effort.

HSBC Granted Ring-Fencing Waiver to Help Smooth SVB Deal

The UK government cleared the way for HSBC Holdings Plc to buy the British arm of Silicon Valley Bank by waiving certain restrictions on what types of customers could be taken on by its UK retail bank.

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