Bloomberg Business

Shares of Bank of New York Mellon Corp. rebounded, reversing losses of as much as 5.2% after the lender signaled an end to the slide in deposits.

New York State will license five new marijuana dispensaries to open, part of an effort to keep up with growing demand and out-compete illicit sellers, according to the state’s cannabis regulator.

Federal Reserve Bank of Richmond President Thomas Barkin said policymakers “have time” to work out whether they can hold interest rates steady or if they need to raise them further to get inflation to policymakers’ 2% goal.

Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are underwriting his GOP rivals instead.

The Scottish government will raise funds on capital markets for the first time by 2026, First Minister Humza Yousaf said, in an effort to establish its financial independence from the UK.

A year ago, Goldman Sachs Group Inc. wanted to make its staff share in the pain of slumping revenue. This time around, the firm’s leaders are trying to cushion the blow.

The US put 2,000 troops on heightened alert and extended the deployment of an aircraft carrier in the Middle East as the Biden administration makes a show of deterrence ahead of Israel’s expected ground assault on Hamas.

Cie. de Saint-Gobain, the French supplier of building materials, was the first company to confirm it was involved in antitrust probes that swept through the construction chemicals industry on Tuesday.