Bloomberg Business

Kyle Bass said the US banking industry will lose hundreds of billions of dollars from exposure to the office market amid shifting workplace trends and elevated interest rates.

Developing currencies strengthened after central banks in China and Japan pushed back against the dollar’s recent rally.

JPMorgan Chase & Co.’s Luke Butterworth, co-head of the equity syndicate desk for Europe, the Middle East and Africa, has left the firm, according to people with knowledge of the matter.

The United Auto Workers union says that it’s ready to negotiate day and night with General Motors Co., Ford Motor Co. and Stellantis NV to reach a new contract agreement by the Sept. 14 deadline.

The asset management industry has continued to make almost no progress in achieving more gender parity and optimism that flexible working policies would encourage more women into the industry is fading away as bosses demand more time in the office.

Apple Inc.’s annual iPhone unveiling is always its most momentous time of the year — a chance to impress consumers with the company’s latest model and set up the holiday selling season.

Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.

Lockheed Martin Corp. may see more than $800 million in payments withheld through next June until it wins approval for the software powering its most advanced version of the F-35, according to newly disclosed delivery figures.

North Korean weaponry could allow Russia to prolong the storm of steel it has rained down on Ukraine but probably isn’t advanced enough to alter the course of the Kremlin’s war on its neighbor, now well into its second year.

Marketing and data automation provider Klaviyo Inc. has attracted cornerstone investors including BlackRock Inc. for a US initial public offering that’s set to raise as much as $518 million.