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Fed aims to transform funding markets

A t the highest level, it looks as if the Federal Reserve hasn’t done much of anything for several months. Interest rates remained pinned near zero. Officials insist that any moves higher in inflation are transitory. Asset purchases continue unabated. However, a significant shift appears to be brewing beneath the surface at the central bank that could drastically reshape a ...

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New Icelandic airline plans June launch after two-year hiatus

Bloomberg Iceland will get a new airline next month as startup Play Air seeks to capitalise on the North Atlantic island’s recovery from the coronavirus crisis and inclusion on the UK’s green list for quarantine-free travel. The launch of flights to seven European cities from June 24 comes almost two years after Play was first conceived as a successor to ...

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Forever 21 owner Authentic Brands plans IPO this year

Bloomberg Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the ...

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