Bloomberg Top News

Wall Street saw a renewed flight to safety, with bonds climbing and equities dropping after weaker-than-estimated economic data revived fears that a recession could be in store.

Mexico’s $6 billion purchase of natural gas plants and a wind farm from Spain’s biggest power company is a warning shot to international companies, with the government claiming victory for its nationalist energy agenda.

BlackRock Inc. was hired as an adviser to help the US government arrange the sale of $114 billion in securities that were held by failed lenders Signature Bank and Silicon Valley Bank.

Within weeks of taking office a decade ago, Bank of Japan Governor Haruhiko Kuroda fired his “shock and awe” stimulus targeting a return to steady 2% inflation in around two years. As his tenure ends, the original “time horizon” remains largely that — something within sight but out of reach.

Walt Disney Co. named Joe Earley as president of its direct-to-consumer business, a critical role that includes responsibility for the company’s flagship Disney+ and Hulu streaming services.

Macau casinos have been forced to close off thousands of hotel rooms and cut back on guest services like housekeeping, as a labor shortage leaves the gambling hub struggling to cater to a surge of tourists from a newly-reopened China.

China’s provincial governments are facing unprecedented debt burdens following a collapse in land sales, a slowing economy and increased spending on Covid testing and lockdowns over the years.

Former Vice President Mike Pence won’t appeal a judge’s order to testify before a grand jury considering evidence in a special counsel’s probe into efforts by Donald Trump and his allies to overturn the 2020 presidential election, according to his spokesman Devin O’Malley.

Walmart Inc.’s top executives predicted new market-share gains and showcased improvements in the retailer’s supply chain during two days of meetings, store visits and warehouse tours with financial analysts.