Bloomberg Business

Sports & Health Tech Acquisition Corp., the blank-check firm backed by professional golfer Tiger Woods, dropped its plans for a $150 million initial public offering.

Wall Street traders betting that further inflation softening could bolster the case for a Federal Reserve downshift drove a rally in both stocks and bonds.

Bed Bath & Beyond Inc. soared Wednesday, more than wiping out a 46% drop last week and sparking a rally in other so-called meme stocks.

The euro rose to parity versus the Swiss franc for the first time since July as improved risk appetite and hawkish signals from the European Central Bank helped boost demand for the common currency.

(Bloomberg) — Saudi Arabia-financed LIV Golf denied allegations that it’s using a US antitrust lawsuit against PGA Tour Inc. to “build an intelligence file” on families of 9/11 victims who have been critical of the kingdom and its new professional golf circuit.

Some 100,000 UK civil servants announced plans to strike next month after health care and rail unions signaled they’re far from resolving their disputes with employers and the government, piling further pressure on Prime Minister Rishi Sunak’s administration.

Advanced Micro Devices Inc. hired Marvell Technology Inc. executive Jean Hu as its next chief financial officer, replacing retiring company veteran Devinder Kumar.

A second Salesforce Inc. cybersecurity executive has left the company within the span of a few months, another shake-up in the top ranks of the software maker that is struggling with slowing revenue growth.