Bloomberg Business

SL Green Realty Corp. is the most-shorted office REIT in the US — a puzzling development considering the stock’s strong rally this year has made it one of the best performers in the group.

Emerging-market stocks gave up their gains for the year as stubborn inflation and bets on a prolonged period of high interest rates undermine growth prospects in the developing world.

A bad week on Wall Street turned dismal Thursday after the relentless surge in Treasury yields sapped demand for risk assets. In the end, US stocks suffered the biggest drop in six months as investors recalibrate for a world where rates sit at levels not seen in a generation.

Chip designer Arm Holdings Plc fell below its initial public offering price just one week after a highly-anticipated debut was seen as a signal that the market was ready to reopen to fresh listings.

TikTok’s parent company was accused of racism and retaliation by Black former employees in a complaint to US civil rights enforcers alleging ByteDance Ltd. terminated them because they spoke up against discrimination.

Municipal bonds joined the rout in broader debt markets after the Federal Reserve indicated its intention to keep interest rates high for as long as necessary to contain inflation.

Medical debt would be scrubbed from consumers’ credit reports under a proposal financial regulators are considering, an effort to aid millions of US households grappling with hefty outstanding bills.

Cemex SAB is in talks with banks to refinance its $3 billion credit facility.