Bloomberg Business

President Joe Biden’s allies are bracing for a possible impeachment by House Republicans and looking to turn it into a liability for GOP candidates in the 2024 elections.

Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially replacing some gasoline production with chemicals.

Three years and nearly $1 billion later, Wells Fargo & Co. is finally playing offense in one of Wall Street’s hottest battlegrounds: wealth management.

After a series of destructive US fire seasons, a platform of federal pay increases for forest firefighters is set to expire on Sept. 30. 

The three-party coalition government of German Chancellor Olaf Scholz dropped to a record low in an opinion poll published in Bild am Sonntag.

UK Prime Minister Rishi Sunak’s government is pushing ahead with plans to scrap the northern leg of a new high-speed rail link — one of Britain’s biggest infrastructure projects — even after opposition from two of his predecessors, The Times reported.

The Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove persistent.

Open Fiber SpA Chief Executive Officer Mario Rossetti is planning to resign from Italy’s fiber-network operator, amid possible tensions over strategy with the Italian government, according to people familiar with the matter.

The recent increase in oil prices won’t derail the European Central Bank’s fight to tame inflation, according to Governing Council member Francois Villeroy de Galhau.

Ares Management boss Mike Arougheti sees the $1.5 trillion private credit market doubling to $3 trillion within five years, with a great deal of that coming from banks’ balance sheets.