Bloomberg News

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BofA, JPMorgan Say European Rally Will Fizzle Out Soon

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A tightening money supply and a yield curve inversion point to a European recession, analysts said.

Tesla Recalls More Than 362,000 Cars To Fix 'Full Self-Driving' Crash Risk

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The system's errors “increase the risk of a collision if the driver does not intervene,” the filing said.

SEC Sues Over TerraUSD Stablecoin That Rocked Crypto

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The SEC alleged in federal court that Terraform Labs and Do Kwon offered and sold unregistered securities.

Bank Of America Plans Job Cuts In Its Investment Bank

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The number of reductions could affect less than 200 bankers globally.

Credit Suisse Exits Distressed-Debt Trading In Risk Pullback

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The bank is selling a book of assets including bond and loan positions related to distressed companies.

Credit Suisse Says Rogue Staffer Took Personnel, Salary Data

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The revelation comes as the bank tries to restore employee morale following a series of losses and oversight lapses.

El-Erian, Rogoff Say It's Too Late To Fix Too-Low Inflation Target

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Both economists see higher rates for some time to come.

America's Priciest Neighborhoods Are Changing As The Ultra-Rich Move To Florida

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Real estate values in wealthy neighborhoods are reflecting broader pandemic migration.

Biden Will Name Fed's Lael Brainard As His Top Economic Advisor

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Brainard's move to the White House also creates an opening at the central bank.

DeSantis Proposes Barring ESG Criteria In Florida Muni-Bond Sales

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Florida Gov. Ron DeSantis has touted Florida as a leader in efforts to push back against this kind of investing.

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