Bloomberg Business

European natural gas prices posted a fourth consecutive weekly loss with mild weather helping to ease the region’s energy crisis.

With investment-banking revenue plummeting and a recession looming, Wall Street is in retrenchment mode. The job cuts and hiring freezes striking the tech world have made their way to the finance industry, with banking executives preparing for what’s expected to be an austere year ahead.

(Bloomberg) — Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

Germany aims to deliver as many as 40 combat vehicles and a Patriot air-defense system to Ukraine by the end of March as part of an effort to help the government in Kyiv in the event fighting intensifies in the spring.

(Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank still needs to keep raising interest rates despite cooler-than-expected wage data and indicated he’s open to a second straight half-point increase.

(Bloomberg) — Former Treasury Secretary Lawrence Summers warned that the assumption embedded in the bond market that the era of low interest rates — anchored by disinflationary pressures — is coming back is likely to be wrong.

The special counsel investigating former President Donald Trump brought on two current and former long-time career prosecutors experienced in handling complex public corruption cases, according to a person familiar with the matter.

Vince McMahon, World Wrestling Entertainment Inc.’s controlling shareholder and former chief executive officer, is returning to the company’s board as the company begins exploring strategic options.

Baxter International Inc. shares swooned after the company announced a plan to split off its biggest unit, kidney care, and its operating chief resigned.