Bloomberg Bank of America Corp., (BofA) the biggest underwriter of state and local government debt, isn’t worried that municipal-bond yields will turn negative, even if they do in other parts of the US fixed-income markets. Bond yields have been plunging fast, making it seem possible that American investors could actually wind up paying governments to lend them money — as ...

Bloomberg Macy’s Inc plunged after a worse-than-expected second quarter underscored investor fears that the teetering department-store industry is slated for more pain ahead. The retailer, the first of its peers to report earnings, slashed its profit outlook for the year — and it warned that the cut doesn’t even take into account the next round of Chinese tariffs, some of ...

Bloomberg The Trump administration has informally told Congress that it supports a potential sale of F-16 fighter jets to Taiwan, drawing a preemptive warning from China at a critical moment in trade talks with the US. The State Department has informally told key House and Senate committees that it supports the $8 billion sale of 66 F-16s, according to two ...