Bloomberg Business

The EV business leaning into British sports-car heritage is poised to go public with product momentum in its favor.

The Japanese yen, back near its weakest against the greenback in over three decades, may extend its bruising decline if the central bank sticks to a policy that’s keeping interest rates low, Suntory Holdings Ltd. Chief Executive Officer Takeshi Niinami predicts.

Rogers Communications Inc. priced the largest corporate bond issuance so far this year as the telecom company refinances debt after it completed the acquisition of a smaller rival.

The extraordinary wage growth enjoyed by Americans who switched jobs during the pandemic has finally disappeared, according to the latest monthly numbers from the Federal Reserve Bank of Atlanta.

Americans earning around $40,000 were “desperate” for their tax refunds this past spring, the head of tax preparation giant H&R Block Inc. said Thursday, suggesting a potential fragility in US household finances.

The UK plans to host a summit for countries hit by rising food prices due to Russia’s war in Ukraine, Prime Minister Rishi Sunak said.

Stocks retreated amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact big tech, the industry that has driven this year’s market rally. Treasuries rose alongside the dollar.

Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he doesn’t recognize the person depicted in recent news coverage of him, and that he remains focused on running the firm, including paring down its consumer business.

Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd.

Apple Inc. shares fell almost 3% Thursday, wiping out nearly $200 billion of market value in just two days, as China plans to expand a ban on the use of iPhones to government-backed agencies and state companies.