Fading Hopes of a Fed Cut Wipes Record $327 Billion From Bonds
January’s optimism about the bond market seems like a long time ago.
Bloomberg Business
Bashing China Is a Bipartisan Passion in Evenly Divided US Congress
In a politically fractured Congress, a spate of hearings demonstrated that going after China has become one of Washington’s most unifying causes.
Forget Chatbots, This Is How Corporate America Is Really Using AI
Companies from Meta to Home Depot are flooding earnings calls with commentary about their artificial intelligence efforts
German Inflation Unexpectedly Quickens in Fresh Blow for ECB
German inflation surprisingly accelerated in February, further complicating the European Central Bank’s task after overshoots this week in other parts of the continent.
Elliott Nominates Salesforce Directors Building Pressure to Boost Profit
Elliott Investment Management has nominated directors to the board of Salesforce Inc. as the software giant faces pressure to boost profit.
Durex and Strepsils Maker Reckitt Says Cost Inflation Has Peaked
Reckitt Benckiser Group Plc expects at most a modest improvement in profitability this year as cost growth starts to recede and it keeps raising prices on products like Strepsils cold medicine and Durex condoms.
Brazil’s Haddad Intensiffies Calls for Rate Cuts After Oil Tax
Brazil’s Finance Minister Fernando Haddad stepped up calls for lower interest rates one day after unveiling a plan to shore up public finances by imposing levies on oil exports and phasing out fuel tax breaks.
CPPIB, KKR Are Said to Weigh Bids for Vattenfall’s Berlin Unit
Canada Pension Plan Investment Board and KKR & Co. are among suitors weighing bids for Vattenfall AB’s district heating business in Berlin, people with knowledge of the matter said.
Rivian Slides as EV Production Target, Cash Burn Raise Concerns
Rivian Automotive Inc. tumbled the most in nine months after the electric-vehicle maker’s production plans for this year fell short of Wall Street’s expectations.
Fed Swaps Price In Peak Policy Rate of 5.5% in September
The market for wagers on the Federal Reserve’s policy rate are pricing in a higher peak of 5.5% in September after a gauge of prices received by US manufacturers in February increased more than estimated.
