Bloomberg Business

Bank of America Corp. has turned bullish on Europe’s battered online shopping companies — even if it sees little or no growth for the sector this year.

(Bloomberg) — Central bankers from around the advanced world warned against complacency about the fading of the global inflation shock, saying they’ll keep raising interest rates to ensure their job is done. 

The landmark ruling was overturned just shy of its 50th anniversary, drastically reshaping where and how people get abortions in the US.

Wayfair Inc. said it’s cutting about 1,750 jobs, or 10% of its workforce, becoming the latest company to seek to bring costs in line with a new economic reality.

Former FTX US President Brett Harrison has raised $5 million for a new crypto software startup from investors such as Coinbase Ventures and Circle Ventures as he tries to move past his association with Sam Bankman-Fried’s failed digital-asset exchange.

Mounting inflation created lucrative opportunities for Wall Street’s biggest banks last year, a stark contrast to the millions of households struggling with climbing food and energy bills.

US Treasury Secretary Janet Yellen blamed Russia for worsening Africa’s economic problems and took a separate swipe at China over its lending practices, in an effort to contrast America’s actions with the behavior of its biggest rivals for influence on the continent.

Ryanair Holdings Plc said it will hire an additional 200 cabin crew in Ireland as it gears up for a surge in demand this summer.

The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry.