Bloomberg Business

The Biden administration’s top negotiator with Iran said his security clearance is under review and he’ll remain on leave until the investigation is complete.

JetBlue Airways Corp. is raising questions about US air traffic control actions, joining United Airlines Holdings Inc. in blaming federal regulators for worsening congestion on a heavy travel week ahead of the Independence Day holiday.

Global bonds slumped with Treasury yields surging the highest since March, as strong economic data prompted traders to wager that the Federal Reserve will raise rates two more times this year.

China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the challenge, according to the economist who coined the phrase to explain Japan’s descent into stagnation in the 1990s.

Apple Inc. has room to rally another 30%, according to Citigroup Inc., even after a surge that’s sent shares to a record high and the company toward a $3 trillion valuation.

Smoke that billowed outside Tiffany & Co.’s New York flagship location on Thursday morning was from a transformer that caught fire underneath the sidewalk, according to the city’s fire department.

Brazil will keep pursuing a 3% inflation target, a decision that is likely to help the central bank launch a cycle of interest rate cuts as soon as August.

The US Supreme Court’s two Black justices sparred over the meaning and impact of race in dueling opinions on the majority’s decision to curtail affirmative action programs at universities.

Argentina’s central bank will allow the country’s commercial banks to open customer accounts in yuan, as it seeks to address an acute shortage of dollar reserves and encourages local companies to make payments abroad in the Chinese currency.