Bloomberg Business

Target Corp. is closing nine stores in four states to stem losses from rising retail theft.

Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.”

This stock market rally in the first half of 2023 was built on the back of technology stocks, as investors bet on a resilient US consumer and hype surrounding artificial intelligence to keep the shares soaring.

Apple Inc.’s lucrative agreement to use Alphabet Inc.’s Google as the default search engine for the iPhone includes a provision that the two tech giants will “support and defend” the deal against government scrutiny, a top Apple executive said at an antitrust trial.

Ontario Teachers’ Pension Plan is in talks to sell a stake in SeaCube Container Leasing Ltd. to investment firm Wren House Infrastructure, according to people with knowledge of the matter.

(Bloomberg) — Bunge Ltd.’s proposal to acquire Glencore-backed Viterra will undergo a public review in Canada, including with members of the port and marine industry, to ensure fair transportation pricing and access.   

(Bloomberg) — Citibank NA tapped the investment-grade bond market Tuesday with its first bank-level debt offering in four years as deposits recede from their pandemic-era highs.

OpenAI, the creator of ChatGPT, is talking to investors about a potential share sale that would value the startup at $80 billion to $90 billion, the Wall Street Journal reported.

Canada’s banking regulator said he’s concerned about the prevalence of ultra-long mortgages and that his agency is working with lenders to stem the ubiquity of such loans.