Bloomberg Business

President Joe Biden is elevating a pair of veteran aides to new positions in his legislative affairs office, as the White House seeks to smooth relations with Democrats on Capitol Hill.

A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets.

The bond market is doubling down on the prospect of a US recession after Federal Reserve Chair Jerome Powell warned of a return to bigger interest-rate hikes to cool inflation and the economy.

ADES International Holding, the Saudi oil and gas driller backed by the kingdom’s sovereign wealth fund, plans to kick off investor meetings for its planned initial public offering as soon as this month, people familiar with the matter said.

Fox Corp. Chairman Rupert Murdoch agreed in a deposition that he gave Donald Trump’s son-in-law and senior advisor Jared Kushner a preview in 2020 of a Joe Biden campaign ad, the latest sign of unusually close ties between the network and the former president.

As equities take more pummeling, more traders are hiding out in credit markets.

Poland kept borrowing costs on hold for the sixth straight month and predicted inflation will gradually ease from the highest level in a quarter century.

US intelligence agencies maintain there’s still no consensus on the origins of the Covid-19 virus, despite some differences in confidence levels that Republicans have sought to use as political cudgel against the Biden administration.

The eight Ivy League universities were sued for price-fixing over their longstanding ban on athletic scholarships.