Bloomberg Business

Fresh fears over a recession-inducing credit crunch are spurring bond bulls to ramp up bets that the Federal Reserve will embark on the most abrupt policy shift in almost four decades.

As the regional bank turmoil continues and markets digest the Federal Reserve’s latest rate hike, investors and executives are turning to the next big question: What if lawmakers fail to resolve the standoff around the US debt ceiling?

Berkshire Hathaway Inc.’s Warren Buffett said executives in charge of failed banks should be held accountable for mistakes that in some cases were hiding in “plain sight.”

Russian pro-war novelist and politician Zakhar Prilepin was injured and his driver killed in a car bombing as he was returning from Ukraine’s occupied territories, according to media reports.

Venezuela has signed an agreement with European energy giants Eni and Repsol that allows for the export of natural gas liquids -or condensates- to other markets, according to Pedro Tellechea, the country’s oil minister and Petroleos de Venezuela head.

The US government doesn’t have to default for the debt-ceiling impasse to negatively impact the economy.

Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over.

President Luiz Inácio Lula da Silva renewed his criticism of Brazil’s central bank for failing to lower borrowing costs, saying Brazilian society can no longer stand the Selic benchmark rate at 13.75%.

Markets may have just survived the last of the most aggressive rate hikes in four decades. Few on Wall Street are celebrating.

The hardline CGT union, which has been among the forces driving months-long protests against Emmanuel Macron’s plans for pensions reform, agreed to meet with his prime minister.