Bloomberg Business

After announcing the largest rounds of layoffs in their history, US big tech companies are now learning how difficult it is to reduce headcount in Europe.

BlackRock Inc. was hired by US regulators to help sell $114 billion in securities it amassed from failed lenders Signature Bank and Silicon Valley Bank, returning the asset-manager to its role as an adviser to the government in times of crisis.

Covid-19 isn’t “just a flu,” with a study of hospital patients finding that the virus was still 60% deadlier than influenza last winter.

China, the biggest bilateral creditor to developing countries, needs to show it can operate within established international debt-relief processes for poor nations struggling to pay, the chief of the International Monetary Fund said.

Applications for US unemployment benefits last week signaled that the labor market still remains relatively strong, even though data revisions indicate some emerging signs of softening.

Oil headed for a third straight weekly gain after a surprise supply cut by OPEC+ and a drop in US inventories tightened the market outlook.

Ford Motor Co. expects only one all-electric vehicle currently in its lineup, the F-150 Lightning pickup, to qualify for a full tax credit under a new law designed to spur adoption of battery-powered models.