Biden May Send Ukraine Bradley Armored Vehicles as War Drags On
President Joe Biden said he’s considering sending Ukraine the US’s Bradley Fighting Vehicles to aid the country’s defense against Russia’s invasion.
Bloomberg Business
Oil Sheds Near 10% in Two Days Amid China’s Complicated Recovery
Oil’s losses deepened, with thin liquidity exacerbating sharp swings, as China’s mounting death toll overshadowed the country’s resolve to boost its economy.
Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets
(Bloomberg) — Federal Reserve officials last month affirmed their resolve to bring down inflation and, in an unusually blunt warning to investors, cautioned against underestimating their will to keep interest rates high for some time.
Biden Says He Intends to Visit US-Mexico Border Next Week
President Joe Biden says he intends to visit the US-Mexico border next week for a first-hand look at conditions as his administration contends with a surge in migration.
CIBC to Set Aside $628 Million for Cerberus Lawsuit Damages
Canadian Imperial Bank of Commerce plans to set aside C$850 million ($628 million) to cover damages in a lawsuit with Cerberus Capital Management LP that it’s still fighting.
GM Retakes Crown From Toyota as US Car Sales Leader
General Motors Co. reclaimed its crown as the top-seller in the US, buoyed by steady demand and a rebound in fourth-quarter production even as higher financing costs flash a warning sign for 2023.
FTX-Linked Robinhood Stake Worth $460 Million Is Seized by US
The US government has seized — or is in the process of seizing — hundreds of millions of dollars worth of Robinhood Markets Inc. shares as part of the fraud case against Sam Bankman-Fried, founder of the failed crypto firm FTX, lawyers said in court Wednesday.
One House Democrat Wants to Strike a Deal to Make McCarthy Speaker
House Democrat Brad Sherman floated a potential deal Wednesday that would trade Democratic votes to make beleaguered Republican Kevin McCarthy the speaker of the House in return for rules aimed at preventing a US government shutdown or a debt limit crisis.
FBI Boosts Reward for Pipe Bomb Info Ahead of Jan. 6 Anniversary
(Bloomberg) — Law enforcement agencies are boosting a reward for information on the unknown individual who placed pipe bombs outside political targets one day before the Capitol riot in Washington ahead of the second anniversary of the attack.
Santos Has Only One Thing to Say: ‘I’m Supporting the Leader’
The now infamous George Santos, trailed by journalists in Washington, had only one thing to say Wednesday: he supports Kevin McCarthy’s flailing bid for speaker of the House.
