Bloomberg Business

Shares of commercial real estate brokerages dropped Wednesday as higher interest rates and strong economic data risk adding more pressure to transactions.

Rishi Sunak suffered a major setback in his plan to rip up environmental rules to boost housebuilding, after the House of Lords voted against the government following a backlash from green groups.

The University of North Carolina at Chapel Hill told students to resume normal activities after reports of an armed and dangerous person on or near campus forced a lockdown for more than an hour.

Former Treasury Secretary Lawrence Summers warned against excessive optimism about the US being able to quell inflation without an economic downturn, and reiterated that the Federal Reserve will likely need to raise interest rates further.

Chile’s finance minister said the job of stabilizing the nation’s economy following a period of high inflation and overheated expansion is nearly complete as consumer price pressures wane.

Wall Street bankers are dangling one of the steepest discounts in recent memory to bond investors as they look to offload billions of dollars of debt that’s been stuck on their books for months.

Hardline House Republicans on Wednesday blocked the House from even debating a measure to fund the US military, deepening turmoil among GOP lawmakers as Washington hurtles toward a government shutdown as soon as Oct. 1.

Orlando transit riders will finally get the chance to zip over to Miami or West Palm Beach on a high-speed train next week.