On March 28, Lyft Inc. sold its first batch of stock as a public company. It’s a milestone for the on-demand transportation company, and it kicks off the great tech unicorn IPO barrage of 2019. Depending on your perspective, this flood is either validation for the class of companies created since smartphones and cloud computing made new technology businesses possible ...

Bloomberg The new head of Japan’s main banking lobby warned the central bank against deepening negative interest rates, signalling such a move could spur risky investment and put further pressure on lenders’ profits. “It will be a quite difficult option to take,” Makoto Takashima, chairman of the Japanese Bankers Association, said in an interview. “Simply speaking, that would cause policy ...

Bloomberg European Central Bank (ECB) officials pressed the case for continued monetary-policy support as they signalled the euro-area economic slowdown is weighing on inflation. In a foreword to the ECB’s annual report, President Mario Draghi warned of a “persistence of uncertainties” and said there’s a continued need for stimulus to boost inflation. His vice president, Luis de Guindos echoed that, ...