Bloomberg Business

An increase in US commercial banks’ borrowings suggests they’re uncomfortable losing any more reserves as depositors seek better returns elsewhere, according to Citigroup Inc.

Instacart and Klaviyo Inc., reacting to the strong reception of this year’s biggest IPO, have increased the amount of money they want to raise, with the goal of bolstering their cash positions while driving an opening day pop.

GM, Ford and Stellantis underestimated just how combative union leadership has become after decades of discontent.

Microsoft Corp. said its chief product officer is leaving, a significant departure for the company’s hardware and Windows divisions.

President Joe Biden’s administration is set to ease restrictions on Cuba to allow more US financial support of small businesses, a limited step to try to help private firms struggling to survive in the island’s shattered economy.

Italian Prime Minister Giorgia Meloni may be about to regain some much-needed fiscal space as her coalition seeks extra spending power for its 2024 budget.

Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said OPEC is working to keep oil markets stable and improve global energy security, without targeting any specific price level for crude.

Shoppers are gearing up for more luxury purchases during the next several months, according to a survey by Saks Fifth Avenue, although the holiday season is likely to be slower than last year.

The letters are stamped all over the hallways of Chicago’s giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe.

Activision Blizzard Inc. executives were briefed on a next-generation console from Nintendo Co. as early as 2022, according to an internal email revealed as part of the US Federal Trade Commission’s probe into Microsoft Corp.’s bid to purchase Activision.