Outflows from US stocks are setting the stage for higher volatility as markets and policy makers remain complacent about rising Treasury yields, according to Bank of America Corp. strategists. US equity funds shed $14.2 billion over the past three weeks, the largest...

The $32 trillion US bond market ended a bruising week that pushed yields to multiyear highs, with investors more convinced the Federal Reserve will raise interest rates next week to address sticky inflation. Policy-sensitive US two-year notes fell and longer-term...

Lululemon Athletica Inc.’s turnaround won’t be a quick or easy fix as the athletic wear company cedes market share to rivals and suffers deepening sales declines, according to BMO Capital Markets, which initiated coverage of the stock this week with an underperform...

Greg Jensen, the co-chief investment officer of one of the world’s largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg’s Odd Lots podcast. “Unfortunately, this is what it was like in...

Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back. The backdrop shifted further on Thursday. Brent spiked above $105, US producer...

French luxury goods tycoon Bernard Arnault fell out of the top 10 list of the world’s biggest fortunes, leaving an all-American roster of mostly tech billionaires to dominate the rankings. Arnault’s net worth fell to $143 billion on Thursday, according to...

Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner Clearlake Capital, according to people familiar with the matter. Talks have advanced in recent weeks, with Walter and Boehly poised to turn a...

The yield gap between Chinese and US 10-year sovereign bonds widened to the most on record, underscoring the policy divergence between the two nations while heightening the risk of outflows from the mainland. The benchmark 10-year US Treasury yield climbed to 4.85% on...

Legal tech startup Harvey is now valued at $15.6 billion after raising $550 million in a new funding round aimed at powering efforts to build its own AI models. The fundraise was co-led by Lightspeed Venture Partners and Diffusion, a new firm cofounded by longtime...

There are two mistakes you can make with predictions: claiming that something will happen when it won’t, or that it won’t happen when it will. The economist Paul Samuelson joked in 1966 that the stock markets predicted nine of the last five recessions. What, then,...

Uforce, a London-based drone startup, is in discussions to raise new financing at a valuation of about $5 billion, according to people familiar with the matter. The company is seeking about $500 million led by Valor Equity Partners, the venture firm run...

President Donald Trump intensified pressure on the Federal Reserve to lower interest rates, threatening to cut off trade with certain economies with which the US has a deficit if the central bank doesn’t act. Trump issued his demands Friday in a lengthy social media...