Bloomberg Business

Bank of America Corp. named 360 managing directors, with more than half of the promotions awarded to women or people of color, according to people with knowledge of the matter.

Southwest Airlines Co. had enough employees to manage its December flight plans, Chief Executive Officer Bob Jordan said after regulators opened an investigation over whether the carrier had expanded operations beyond what it could handle.

(Bloomberg) — Mortgage rates in the US ticked down slightly, falling for the third week in a row.

The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel — a level that might help to stave off the very worst effects of a fuel-imports ban that the bloc will impose on Moscow in just 10 days’ time.

A New York state appeals court is weighing former President Donald Trump’s bid to reverse a $110,000 penalty he was ordered to pay last year for being in contempt of court during the state’s probe of his business.

The US economy beat expectations in the last quarter of 2022, posting the kind of mild slowdown that the Federal Reserve wants to see as it attempts to tame inflation without choking off growth.

Top House Democrat Hakeem Jeffries said he’s open to talks about federal spending with Speaker Kevin McCarthy, but first wants to see Republicans’ proposal for reductions, and a commitment to take the possibility of defaulting on US debt off the table.

Skinny jeans are still alive and well.

South Africa’s central bank slowed the pace of interest-rate hikes as it slashed its economic-growth forecast for this year and warned of continuing risks to the inflation outlook.