News

(Bloomberg) -- New Zealand’s central bank is welcoming a weaker exchange rate, saying it will help to revive economic growth this year.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE Cuts“The lower kiwi dollar is part of the reason we’re predictin

(Bloomberg) -- For the first time since he stormed to power in 2023, Argentina’s Javier Milei is on the political defensive after plunging his government into a massive cryptocurrency scandal. A trip to Washington gives him a chance to get back on his front foot.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Hea

Bond yields have surpassed a key level that suggests investors should focus on handful of sectors, according to Morgan Stanley's Mike Wilson.

Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base salaries and annual bonuses, the FT reported. Most employees have been told they would receive about 10% less equity this year, the FT reported, citing several people familiar with the matter. The exact reduction will depend on where the employees are based and their level within the organization, the report said.

Stocks tumbled from all-time highs Thursday in the wake of Walmart projecting a lower-than-expected sales outlook.

Walmart's quarterly revenue rose by more than 5%, but shares lost ground after the world's biggest retailer issued more-conservative sales guidance.

WASHINGTON (Reuters) - Billionaire Elon Musk said on Thursday he is thinking of auditing the Federal Reserve, after calling for greater scrutiny of the central bank in the past.