Bloomberg Business

Developing-world currencies and stocks weakened as renewed dollar strength and elevated oil prices hurt sentiment for riskier emerging assets.

Apple Inc. suffered its worst stock decline in a month following a report that Chinese government agencies have barred staff from using the iPhone and other foreign-branded devices at work.

A long-standing fight over who should pay for an expansive market-surveillance system intensified on Wednesday as the Securities and Exchange Commission stuck brokers with most of the bill.

Senate Republican leader Mitch McConnell brushed aside concerns about his health Wednesday and said he would continue as party leader through the 2024 elections.

OpenAI will host its first developer conference this fall, as the ChatGPT-maker looks to bolster interest in its products while facing growing competition from other artificial intelligence companies.

Interest rates are likely to come down next year, Royal Bank of Canada Chief Executive Officer Dave McKay said, allowing for the lender’s customers to avoid major pain when the majority of its mortgage book reprices in 2025 and 2026.

Treasury yields climbed Wednesday — some to the highest levels in a week — as traders priced in higher odds of a Federal Reserve interest-rate increase this year after a gauge of service-sector activity was stronger than anticipated.

US employment gains will slow significantly and be more concentrated across few sectors in the decade through 2032 as population growth moderates, fresh government estimates show.

Visiting Kyiv, US Secretary of State Antony Blinken promised $1 billion in new US assistance, including for the first time some funds seized from Russian oligarchs. The State Department said the seized assets include $5.4 million that will go toward reintegration and rehabilitation of Ukrainian veterans.

President Joe Biden hailed an agreement between dockworkers and terminal operators, showcasing his support for organized labor even as another contentious contract negotiation between the United Auto Workers and Detroit’s legacy carmarkers threatens to deliver a blow to the US economy.