Bloomberg Business

Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey.

Traders betting that interest rates in the US will remain higher than inflation far into the future drove 10-year real yields to a 14-year high and spurred gains for the dollar against some of its major peers Monday.

President Joe Biden’s administration urged the US Supreme Court to strike down key parts of Florida and Texas laws that would sharply restrict the editorial discretion of the largest social media platforms.

Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.

Tech stocks had their best day in two weeks, helping US equities edge higher in light trading as traders weighed the prospect of a soft landing for the economy. Treasuries fell.

The craze for fast-expiring options is ramping to unprecedented heights in a stock market that has lately been given to severe intraday moves. It’s probably not a coincidence.

Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the second quarter, ditching the stocks just months after doubling down on them.

Expansion in the US shale patch has come to an end for now with output set to shrink for a second straight month in September, according to a government report.

Grove Collaborative Holdings is replacing its longtime chief executive officer after the seller of household essentials struggled since being taken public during the SPAC craze of the past few years.

Bank of America Corp., Goldman Sachs Group Inc. and regional lender Huntington Bancshares Inc. brought fresh debt offerings to the US high-grade market Monday, as companies look to sell bonds before the cyclical summer slowdown that typically kicks in toward the end of August.