Bloomberg Business

Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs.

Republicans will hold their 2028 national convention in Houston, the party announced Friday in an unprecedented move to pick its next convention city even before they’ve held their Milwaukee convention in 2024.

AMC Entertainment Holdings Inc. extended its week-long selloff after the movie theater operator converted a raft of preferred shares into common stock, and strategists say the company will likely sell more shares to pay down debt.

Boeing Co. is preparing to restart delivery of 737 Max jets to China for the first time in four years, according to people familiar with the matter, a long-awaited breakthrough that would bolster the planemaker’s comeback from one of the worst crises in its history.

Affirm Holdings Inc. surged after reporting an increase in transactions on the buy now, pay later firm’s platforms as deals with new merchants helped offset challenges from rising interest rates.

Asterion Industrial Partners has struck a deal to acquire German utility Steag, according to a statement Friday.

China Evergrande Group, the defaulted developer at the heart of the country’s real estate crisis, applied to resume stock trading after a 17-month halt, saying it has fulfilled all the listing requirements.

Former Treasury Secretary Lawrence Summers said the Federal Reserve probably needs to raise interest rates at least once more, and cautioned that insufficient attention is being paid to the effects of US fiscal deficits.

As brutal as it’s been for US bond investors, the math is finally turning in their favor.