Bloomberg Business

President Joe Biden said he will visit Florida on Saturday to survey damage from Hurricane Idalia, after the Category 3 storm flooded towns across the state.

The share of US small businesses with unfilled positions this month dropped to the lowest level since February 2021 and fewer owners said they raised worker compensation, the National Federation of Independent Business said.

Republican presidential campaigns are already on track to spend historic amounts of money on television, radio and digital advertising less than five months away from Iowa’s first-in-the-nation caucus.

Outgoing Stanford University President Marc Tessier-Lavigne retracted two papers from the journal Science Thursday, just as the former high-flying neuroscientist steps down from his post after questions arose about his earlier research.

Having unlocked stock market riches in 2023, the “artificial intelligence” catchphrase faces a shift in sentiment — and Broadcom Inc.’s earnings will test whether euphoria is fading.

Amir Dan Rubin, chief executive officer of the One Medical chain of doctor’s offices owned by Amazon.com Inc., will leave the company later this year.

Boaz Weinstein and his group of bidders sweetened their offer to buy Sculptor Capital Management, but the hedge fund firm said it still prefers its deal with Rithm Capital Corp.

Rising cross-asset volatility in August has sent investors piling into cash-like ETFs at the fastest clip in months.