Bloomberg Business

It’s a very happy new year in one corner of crypto land.

President Joe Biden has accepted House Speaker Kevin McCarthy’s invitation to deliver the State of the Union address on Feb. 7.

London Metal Exchange trading data briefly showed a 77% drop in the global benchmark price for copper after its system transmitted incorrect pricing, in the latest technical setback at the embattled exchange.

(Bloomberg) — Bank of America Corp. said net interest income will be lower than analysts had expected this year as demand for loans starts to slow.

Chicago Mayor Lori Lightfoot apologized after her campaign asked public school teachers to encourage students to volunteer in order to help her win a second term.

US prosecutors denied claims by Archegos Capital Management’s Bill Hwang that fraud and racketeering charges against him should be thrown out because of “deceitful” conduct during discussions before his April arrest.

Treasury Secretary Janet Yellen said the department will begin taking special accounting maneuvers on Jan. 19 to avoid breaching the US debt limit, urging lawmakers to boost the ceiling to avert a devastating payments default.

Tory voters are worried about mounting crime, taxes and the National Health Service. But MPs say a real estate slump may be the biggest danger for the prime minister

With the US government facing the danger of a payments default later this year, Congress has a variety of paths to avert economic disaster and boost the debt ceiling.