Investors looking for extra yield are driving corporate bonds to some of their tightest valuations of the year, pushing money managers including Pacific Investment Management Co. toward mortgage debt that looks much cheaper.
The Biden administration on Thursday formally asked Congress for a short-term funding package to avoid a government shutdown on Oct. 1, kicking off a contentious struggle over spending with House Republicans.
US Commerce Secretary Gina Raimondo won a promise to revive business talks between Washington and Beijing, a key step as both sides look to ease tensions. But American firms were left wondering if that will be enough to recommit to a market that looks increasingly risky.
Netflix’s Drive to Survive documentary series has elevated Formula One drivers and officials to global super-stardom, bringing in a whole new demographic of fans. Yet Max Verstappen isn’t its biggest fan.
Riskier emerging-market nations will need to keep exploring new ways to raise money or revamp their finances as the door to international debt markets stays shut, according to money managers at Vanguard Group Inc.
Exxon Mobil Corp. has shaken off its last bearish rating as a breakneck rally in oil prices spurred Redburn to upgrade the oil major to neutral.
China’s home sales tumbled for a third straight month in August, underscoring the need for policymakers to step up efforts to address a slowdown that’s weighing on the world’s second-largest economy.
Rishi Sunak’s limited cabinet reshuffle on Thursday left his Conservatives doubting the prime minister’s resolve to reset the direction of his party as a general election looms ever closer.
The Bank of England’s chief economist signaled UK interest rates may not have to rise much further to contain inflation that he said remains far too strong.
X, the social network that used to be known as Twitter, updated its privacy policy to include a new kind of user data it plans to collect: biometric.
