Bloomberg Business

Tech companies aren’t yet ramping up hiring after massive layoffs over the past year, despite a surge in interest in artificial intelligence, requiring workers with special skills.

The uncapped incentives of the Inflation Reduction Act mean spending sparked by the historic US climate law could triple initial estimates and push past $1 trillion.

The billionaire co-founder of Nu Holdings Ltd., the world’s biggest standalone digital bank, sold shares in the company for the first time since its 2021 IPO, raising about $191 million.

An experimental gene therapy restored liver function in patients with a rare disease that can lead to irreversible brain damage, findings from an early-stage study show.

The Philippine central bank is widely expected to keep its policy rate steady for a third straight meeting after economic growth sputtered while the peso slumped and rice prices rose.

Hawaii’s biggest utility has lost half its market value in the wake of deadly wildfires on Maui that might expose it to massive liability costs. The catastrophe adds to financial pressure already weighing on one of its key units.

Sinclair Broadcast Group Inc. is accused of wrongly siphoning more than $1.5 billion from a subsidiary operating a network of local sports channels that filed bankruptcy earlier this year, according to a lawsuit made public Wednesday.

Token scams are flourishing on Base, the new blockchain launched by crypto exchange Coinbase Global Inc., earlier this month, an unfortunate byproduct of how vulnerable these networks are because they allow anyone to use them.