Bloomberg Business

Republican Jim Jordan is losing GOP support in his second attempt to be US speaker Wednesday, a key ally conceded, imperiling his candidacy.

The French government will decide in the coming days what tools it will use to rein in electricity prices that jumped in the wake of Russia’s attack on Ukraine, an aide to Energy Transition Minister Agnes Pannier-Runacher said.

The Biden administration on Wednesday declared emissions from airplanes running on leaded aviation fuel a threat to public health — a first step toward stamping out a major source of metal pollution linked to developmental delays, kidney disease and other health concerns.

The People’s Bank of China made available $6.5 billion to Argentina from a currency swap line the countries share, President Alberto Fernandez announced Wednesday after meeting with President Xi Jinping in Beijing.

Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist will plow record profits into buying assets and making other investments that underpin the trading house’s long-term earnings.

Ally Financial Inc. posted third-quarter profit that beat analyst estimates even as consumers struggled to make loan payments.

Utilities have been hit too hard in the US credit derivatives market, and traders should position for the credits to recover, according to JPMorgan Chase & Co. strategists.

U.S. Bancorp said profit fell in the third quarter as the biggest US regional lender increased its provisions for credit losses.

First it was Apollo Global Management Inc.’s Marc Rowan blasting the University of Pennsylvania, then Dick Wolf of Law & Order followed by former US diplomat and businessman Jon Huntsman and billionaire Ronald Lauder.