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A step behind. Photographer: Bloomberg Barclays Plc, BNP Paribas SA and Deutsche Bank Group AG have all made big promises about the growth to come from their investment banks as part of their aims to boost profits for shareholders. It might be unfair to judge progress against a single quarter’s fresh results, but of the three Barclays looks most off…

Bitcoin and cryptocurrency prices have bounced back this week, riding a wave of positive news even as researchers warn of crypto thefts. The bitcoin price came within touching distance of $50,000 p…

The number of new unemployment claims unexpectedly jumped for the second week in a row this month, despite a steep drop in the overall number of Americans receiving unemployment benefits just one week earlier—a concerning sign for the labor market recovery after experts warned a record surge in coronavirus cases—spurred by the rapidly spreading omicron variant—could slow the economic recovery.

German Chancellor Angela Merkel said boosting vaccination rates will not be enough to contain soaring coronavirus infections across the country, Bloomberg reported, calling for tough action as coun…

In this week’s edition of the Covid Q&A, we look at what the cold weather might bring for the virus. In hopes of making this very confusing time just a little less so, each week Bloomberg…

Apple Ready To Spend Billions To Catch AI Leaders Apple is prepared to spend billions to catch the leaders in generative AI technology, according to Bloomberg Apple watcher Mark Gurman. In his Power On newsletter Sunday, Gurman wrote that three Apple execs — John Giannandrea, Craig Federighi, and...

Russia says it made a $117 million bond payment — a move to avoid defaulting on its debt — and the US Treasury Department said it would allow the installment. Russia’s finance minister told s…

Nasdaq Inc. said that next year it plans to begin moving its North American markets to Amazon. com Inc.’s Amazon Web Services cloud-computing platform. The move, which will take a phased approach s…

The Japanese stock market has hit a 30-year high following the resignation of prime minister Yoshihide Suga. Japanese stocks have hit a 30-year high following the resignation of prime minister Yosh…