Bloomberg Business

A slew of interest rate-sensitive investing strategies took a beating through August as bets faded that the US Federal Reserve was on the cusp of easing monetary policy.

Bank of Nova Scotia missed analysts’ estimates as lending margins shrank from a year earlier, countered by increased earnings at the bank’s capital-markets division.

An equity rally led by China’s stimulus plans proved fleeting as emerging markets were being whipsawed on Tuesday by investor nervousness over the US economy and the dollar’s resurgence.

(Bloomberg) — Hungary lowered the highest key interest rate in the European Union by a full percentage point as policymakers try to combat the country’s longest recession since at least 1995.

Meta Platforms Inc. finally seems to be spending its time and money on things that investors like.

Mexico’s economy grew at a slightly slower pace than the preliminary estimate in the second quarter, even as the country benefited from the strength of its trade with the US and its own robust consumption.

Pet retailers are rushing to expand their e-commerce offerings as online-only newcomers like Chewy Inc. disrupt the industry amid a post-pandemic boom.

Home prices in the US climbed for a fifth month as buyers competed for deals in the least affordable market in decades.

An unprofitable electric vehicle maker has suddenly become the third most valuable auto manufacturer in the world, leaving the likes of General Motors Co. and Ford Motor Co. in its dust.

French Finance Minister Bruno Le Maire said he wants retailers and consumer goods producers to cut prices on more products to help slow the inflation rate.