Bloomberg Business

Donald Trump will be arraigned in the criminal case against him on Tuesday afternoon, according to a person familiar with the matter.

The US Medicare program moderated proposed changes broadly opposed by the health insurance industry to limit payments to companies that administer private versions of the program for the elderly.

Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator.

Federal Reserve officials said they are keeping a close eye on the effects of recent banking turmoil on the economic outlook as they weigh how much further to raise interest rates.

Deposits at US banks fell sharply and lending declined by the most in nearly two years amid financial turmoil triggered by the collapse of several banks this month.

Federal prosecutors urged prison time for a Georgia man who stole more than 50,000 Bitcoin valued at $3.35 billion when authorities seized it in November 2021, which at the time was the second-largest financial seizure in US history.

The New York judge overseeing Donald Trump’s historic criminal case has had his share of high-profile trials, but the courtroom drama he’ll face with the former president will put him in a whole different league.

Bitcoin’s surprising fast exit from its “crypto winter” has once again put the notoriously volatile digital currency atop the leader-board in the first quarter for being the best-performing asset class by a wide margin.