Bloomberg Business

US consumer confidence fell by the most in two years as souring views on the labor market, higher borrowing costs and lingering inflation curbed optimism.

PDD Holdings Inc. revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to boost growth at home and abroad to counter a bumpy post-pandemic recovery.

Mat Ishbia, the new owner of the Phoenix Suns, pledged more than half of mortgage giant UWM Holdings Corp.’s outstanding shares to secure loans before buying the NBA team for a record $4 billion.

A $15.4 billion wave of debt is set to sweep over leveraged finance markets in September as Wall Street banks rush to lure in yield-hungry investors.

Blackstone Inc., Vornado Realty Trust and Hudson Pacific Properties Inc. are teaming up to build a studio campus in Manhattan as the firms seek to cater to the film and content production industry.

Brazil’s Minerva SA agreed to buy some assets from rival Marfrig Global Foods SA for $1.5 billion, a “pricey” deal that will create a South American beef giant. Minerva shares slumped.

Germany’s ruling coalition agreed on an expanded package of tax-relief measures for companies worth about €7 billion ($7.6 billion) a year, part of a 10-point plan designed to lift Europe’s biggest economy out of stagnation.

Dan Och and four other former executives of Sculptor Capital Management are again demanding the hedge fund firm release them and bidders for the company from non-disclosure agreements that prevent them from speaking publicly.