Bloomberg Business

You’ve heard it before: things are different this time around. But when it comes to the US recession so many are anticipating in 2023, things really might be.

The emerging consensus that the Federal Reserve will raise rates only one or two more times has ushered in a new set of dilemmas for bond investors, who now must decide which parts of the market will fare best under the circumstances.

Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into what to expect in credit markets for the days ahead.

Union Pacific Corp. and poultry producer Foster Farms said enough corn shipments have been made to replenish feed stocks after delayed trains in recent months caused inventories to drop to critical levels. Millions of chickens at Foster Farms facilities were at risk of going unfed because of the rail delays.

At least nine people were killed and dozens wounded, including children, after a Russian missile struck a nine-story apartment tower in the city of Dnipro, shattering two weeks of relative calm in Ukraine.

President Joe Biden faces a deepening political crisis after the announcement Saturday that even more classified documents were discovered at his Wilmington, Delaware, home.

Chancellor Olaf Scholz said Germany needs to increase its pace of expanding renewable power to reach its goal of becoming climate-neutral by 2045, even as Europe’s largest economy withstands the initial impact of Russia’s energy squeeze.

A retired general who has pledged unwavering support for Ukraine won the first round of the Czech presidential election, advancing to the run-off against a billionaire ex-premier known for spats with the European Union.