Bloomberg Top News

Sales of nonfungible tokens — digital pictures of apes and cupids — appear to be climbing from the lowest levels since 2021 after NFT marketplace Blur launched its lending program.

President Joe Biden’s top economic aide, Lael Brainard, will double down on the administration’s pledge to champion competition in a speech to an anti-monopoly summit, which takes place after this week’s seizure of First Republic Bank raised fresh questions about consolidation and vulnerability in the banking industry.

China ordered state-owned enterprises and domestically-listed companies to ramp up security checks when hiring accounting firms, in Beijing’s latest move to ensure data security amid tensions with the US.

Bitcoin and the wider crypto markets pushed higher Thursday as investors reacted to the latest signs of stress in the regional US banking sector and digested the Federal Reserve’s monetary policy decision.

British households and businesses pulled almost £11 billion ($13.8 billion) out from banks in March as panic spread from the collapse of Silicon Valley Bank and the takeover of Credit Suisse Group AG.

Apollo Global Management Inc. agreed to acquire equipment and parts manufacturer Arconic Corp. for about $3 billion.

The fading likelihood of a summer fuel demand boost is prompting more US refiners to hedge as a means of locking in profit amid the threat of run cuts.

Zalando SE shares erased their year-to-date gains after reporting first quarter results on Thursday, as weak consumer sentiment drove up the German online fashion retailer’s inventory levels.

Shell Plc posted a record first-quarter profit and maintained the pace of share buybacks as a strong trading performance and higher liquefied natural gas volumes offset lower energy prices.

Toronto-Dominion Bank and First Horizon Corp. have agreed to terminate their previously announced merger amid uncertainty about the possibility of regulatory approvals.