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(Bloomberg) — Uncertainty around tariffs and inflation has hurt US business optimism since Donald Trump’s return to the White House in January, marking a sharp reversal from the buoyant mood among executives after his win in the presidential election, a survey shows. Most Read from Bloomberg Less than half, or 47%, of US business executives polled by the Association of International Certified Professional Accountants said they are confident about the economic outlook for the year ahead, down from 67% of respondents in a survey conducted in December. The findings coincide with recent data showing eroding consumer sentiment and rising inflation…

(Bloomberg) — Activist investor Ortelius Advisors is kicking off a proxy battle at Brookdale Senior Living Inc. by nominating six directors, blaming the current board for what it called the company’s “abysmal performance and chronic undervaluation.” Most Read from Bloomberg Ortelius has built a 1.3% stake in the senior living facility operator and plans to pitch shareholders on board changes ahead of the company’s annual meeting later this year, according to a letter to shareholders reviewed by Bloomberg News. The nominees include Frank Small, who formerly held senior roles at KKR & Co. and Fortress Investment Group, and Steven Vick,…

(Bloomberg) — Seven & i Holdings Co. will sell an underperforming retail business, replace its chief executive and buy back shares to strengthen its case for repelling a $47.5 billion takeover proposal by Alimentation Couche-Tard Inc. Most Read from Bloomberg Stephen Dacus, the director leading the board committee evaluating the Canadian retailer’s approach, will take over from Ryuichi Isaka as CEO, Seven & i said in a statement Thursday. The company, which pledged to buy back shares worth ¥2 trillion ($13.6 billion) over the next few years, also plans to list its US business and cut its holdings in a…

Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images Marvell Technology shares dropped 18% Thursday morning. Investors had high hopes for guidance from the AI chip maker. Wall Street had been looking to the firm to re-energize the AI trade. The move: Semiconductor manufacturer Marvell Technology fell nearly 18% Thursday morning, dropping to $73.94. The plunge extends a year-to-date loss of around 34.5%. Why: While Marvell’s fiscal first-quarter outlook was slightly ahead of consensus expectations, it fell short of the highest expectations, failing to impress investors and bolstering fears that the AI trade is fading. The firm projected $1.875 billion in…

(Bloomberg) — The European Central Bank lowered interest rates for the sixth time since June and indicated that its cutting phase may be drawing to a close as inflation cools and the economy digests seismic shifts in geopolitics. Most Read from Bloomberg The deposit rate was reduced by a quarter point to 2.5%, as predicted by all but one analyst in a Bloomberg survey. Officials described their monetary-policy stance as becoming “meaningfully less restrictive.” Revealing that inflation will take slightly longer to reach 2%, the ECB is switching “to a more evolutionary approach,” President Christine Lagarde said Thursday. She repeated…

You reach into your purse or wallet for your credit card and it’s not there. Your heart sinks. Now what are you supposed to do? Fortunately, federal law and card issuer zero liability benefits can protect you from unauthorized purchases if your card is stolen. However, it’s important to quickly take steps, such as reporting your lost credit card, to minimize your overall risk and hassle. The first thing to do if you’ve misplaced your credit card is to lock or freeze it. This will help prevent someone from using your card if there’s any unauthorized access. Many credit card…

A money market account is a type of savings deposit account that tends to offer check-writing privileges and a debit card for ATM access to your savings. Typically, savings accounts usually don’t let you write checks from the account, making money market accounts a unique option to store and tap your money when you need it. The average money market account yield is 0.46 percent annual percentage yield (APY) as of the week of March 3, 2025. Some money market accounts give you a higher annual percentage yield (APY) for carrying a larger balance. Always make sure you’re following the…

By Daniella Parra Ascentage Pharma (NASDAQ: AAPG; HKEX) said that its drug Olverembatinib is the first China-approved third-generation BCR-ABL inhibitor, and has been approved for certain chronic myeloid leukemia (CML) indications and included in China’s National Reimbursement Drug List. Olverembatinib, is first-line treatment of newly diagnosed Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL) in combination with low-intensity chemotherapy, Ascentage said. Ph+ ALL, which accounts for 20%-30% of adult ALL cases, has poor treatment tolerance and prognosis, with existing first- and second-generation tyrosine kinase inhibitors (TKIs) facing limitations such as high relapse rates, they said. “We are much encouraged to have…

(Bloomberg) — Marvell Technology Inc. shares tumbled the most in more than nine years after the company delivered a revenue forecast that fell short of the highest estimates, disappointing investors who were looking for a bigger payoff from the AI boom. Most Read from Bloomberg Sales will be about $1.88 billion in the fiscal first quarter, which runs through April, the chipmaker said in a statement Wednesday. Though that was in line with the average analyst estimate, some projections ranged as high as $2 billion. Marvell shares fell as much as 21% after markets opened in New York on Thursday,…

Copper prices witnessed a sharp increase of more than 5% in New York, surpassing other global benchmarks, following US President Donald Trump’s announcement of a potential 25% tariff on metal imports, reported Bloomberg. President Trump’s speech to Congress on Tuesday sparked a rally in copper prices on the Comex trading platform during Asian trading hours. Market participants reacted swiftly to the prospect of larger-than-anticipated tariffs on copper, which could be implemented sooner than expected. Last week, President Trump announced that the Commerce Department will conduct a comprehensive investigation that might lead to copper tariffs on national security grounds. This has…