Bloomberg Business

(Bloomberg) — European Central Bank Executive Board member Isabel Schnabel said that large bond holdings accrued under quantitative easing risk complicating efforts to fight inflation.

Elon Musk’s latest master plan for Tesla Inc. fell flat as the electric-car maker shared scant details about next-generation models that will underpin its next phase of growth.

Snowflake Inc. shares fell the most in almost 10 months after the business software company gave a disappointing sales outlook.

Best Buy Co. predicted that sales will fall a second straight year as consumers retreat from electronics and other discretionary goods.

Macy’s Inc. shares soared after the retailer reported fourth-quarter earnings that exceeded expectations, thanks in part to sales growth at the Bloomingdale’s and Bluemercury brands.

Toronto-Dominion Bank’s focus on retail banking in Canada and the US paid off last quarter as rising interest rates made lending to consumers more profitable. Still, concerns about its loan-loss provisions and delays to a major deal weighed on the stock.

Tesla Inc.’s much-awaited investor day failed to live up to the hype, and the shares of the electric vehicle maker are paying the price.

(Bloomberg) — When borrowing costs rise, governments end up paying more interest. That fiscal blow is now landing faster than it used to.

Applications for US unemployment benefits eased last week and a measure of labor costs remained firm in the closing months of 2022, highlighting a tight job market that’s contributing to inflationary pressures.

FirstRand Ltd., Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt.