Bloomberg Business

The Danish central bank raised its benchmark interest rate, mirroring a hike from the European Central Bank earlier in the day, to protect the krone’s peg to the euro.

A fresh selloff in US regional banks roiled trading desks around the globe, with investors growing even more anxious about further vulnerabilities in the financial industry.

Rooftop solar companies SunPower Corp. and Sunrun Inc. posted higher-than-expected sales in the first-quarter as homeowners in California rushed to snap up panels before a cut in a key state solar subsidy. But the sales rush cost a lot in marketing, and now many customers are facing a months-long wait for new installations.

Young men who use potent marijuana frequently have an increased risk of developing schizophrenia, according to a new study of almost 7 million health records.

Most Americans don’t have the financial resources to cover a surprise expense of $400 without taking on debt, according to a new survey.

Marriott International Inc. plans to tap the debt markets again this year to raise funding for upcoming maturities, Chief Financial Officer Leeny Oberg said.

FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.

Before SVB Financial Group bondholders can collect the billions they are owed, the bankrupt company may have to file a claim with the Federal Deposit Insurance Corp. to recover $2 billion worth of deposits trapped by the receivership of Silicon Valley Bank.

During the pandemic, Wall Street banks and private equity firms invested billions of dollars in startups rolling up popular brands sold on Amazon.com Inc. The bet was that these upstarts, fueled by an online sales boom, would become the next consumer product conglomerates — like Procter & Gamble or Unilever.