Bloomberg Business

Billionaire tech investor Peter Thiel said he’s reluctant to move his operations to Florida from Silicon Valley because housing prices have soared.

Shopify Inc. is cutting jobs for the second time in 10 months and selling the majority of its logistics business to Flexport Inc. to focus on its core e-commerce platform business.

Policymakers held the benchmark Selic steady again despite Lula pushing for looser monetary policy to boost growth

Peloton Interactive Inc. shares plunged the most in seven months after the fitness company said the current quarter to be “among our most challenging” from a growth standpoint and a patent settlement will weigh on cash flow.

Director of National Intelligence Avril Haines warned that China and Russia would probably seek to exploit a US government default on its debt.

Royal Caribbean Cruises raised its full-year profit forecast past Wall Street’s expectations as demand for its vacations boomed, part of broader upswing in travel fueled by easing pandemic restrictions.

Portuguese President Marcelo Rebelo de Sousa will address the country later on Thursday after disagreeing with Prime Minister Antonio Costa’s decision to keep Infrastructure Minister Joao Galamba in office.

Anheuser-Busch InBev NV Chief Executive Officer Michel Doukeris downplayed the negative impact from the backlash from US political conservatives over a decision to promote Bud Light with a transgender influencer.

Toronto-Dominion Bank and First Horizon Corp. scrapped their $13.4 billion deal after the Canadian lender said it couldn’t see a clear path to getting regulatory approval.

Apollo Global Management Inc. agreed to acquire aluminum-products company Arconic Corp. for about $3 billion.