Bloomberg Business

Two US senators expressed their concern to Meta CEO Mark Zuckerberg over the risk of developers in China and Russia having access to user data

President Joe Biden will speak to a joint session of Congress on Tuesday evening against the backdrop of renewed tensions with China and a brewing showdown with House Republicans over raising the federal debt ceiling.

The inability of states to provide basic services and security and create jobs across much of Africa, ranging from the Sahel zone in the west to Somalia in the east and Mozambique in the south has made the continent the global epicenter of extremist violence, the United Nations Development Programme said.

Turkish stocks slumped, closing in a bear market, as the country struggles with the aftermath of two devastating earthquakes, with a three-month state of emergency declared for affected areas.

Bed Bath & Beyond Inc. lined up investors for an eleventh-hour cash infusion that would allow it to stave off a bankruptcy filing, according to people with knowledge of the matter.

Hertz Global Holdings Inc. ended last year with far fewer Tesla Inc. vehicles in its fleet than planned when the rental-car company was plotting its late 2021 stock listing.

MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor said the enterprise-software company, better known as the largest publicly traded holder of Bitcoin, may at some point consider dabbling in futures contracts on CME Group’s marketplace to generate yield.

Franklin Templeton Canada’s fund managers are betting that the credit spreads rally in the country’s corporate bond market has little room to run, so bargains will surface in the coming months.

KKR & Co. passed $500 billion in assets under management during the fourth quarter even as earnings fell 41% on sluggish asset sales.

Baidu Inc. surged after affirming it’s on track to publicly roll out its ChatGPT-like service in March, stoking anticipation around what is potentially China’s most prominent entry in the race to create lifelike AI bots.