Washington Post Business
There’s no evidence the new White House press secretary was admitted to practice law in the United States.
Bloomberg Markets
Asian stocks looked set for broad gains on Wednesday after US equities recovered from session lows on signals that the Federal Reserve may not need to raise interest rates aggressively next year.
Bloomberg Markets
Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf.
Bloomberg Markets
Palliser Capital wants Samsung Electronics Co. to list shares in the US and use the proceeds to buy back preferred stock, saying the company should do more to narrow the discount on those securities, which carry no voting rights.
Bloomberg Markets
Federal Reserve Bank of Boston President Susan Collins says interest rates will likely need to rise more before the end of the year to help rein in inflation during a banking conference hosted by the Boston Fed. (Source: Bloomberg)
Bloomberg Markets
Rio Tinto Group’s copper production remained steady in the third quarter as a strong performance at its Oyu Tolgoi mine in Mongolia offset declines elsewhere, while shipments of iron ore rose marginally.
Bloomberg Markets
Millions chased fast profits through complex trades. It ended with billions lost. How India’s options market unraveled and where retail traders go from here. (Source: Bloomberg)
Bloomberg Markets
Skittish retail investors are coming back around to their favorite bet: artificial intelligence.
Bloomberg Markets
Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc.
Bloomberg Markets
There’s one public policy that offers clear advantages to the old-timers and youngsters alike: government-funded, universal after-school programs. In a world of hard problems, this is an easy win, Bloomberg Opinion columnist Kathryn Anne Edwards explains. (Source: Bloomberg)
Bloomberg Markets
Wells Fargo & Co. Chief Financial Officer Mike Santomassimo says they've seen "good activity" across different parts of the business. He talks about lending, interest rates and deals activity on "Bloomberg The Close." Third-quarter results topped Wall Street estimates as consumers and businesses held steady. (Source: Bloomberg)
NY Times Business
A lawyer for Lisa Cook raised “significant concerns” over the “objectivity and fitness of the committee” assembled by President Trump as a way to remove her as a governor at the Federal Reserve.
CNBC Finance
United Airlines is doing away with flight segment as a way to reach Premier status and increasing the spending requirements for Premier 1K.
Bloomberg Markets
Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending, with customers continuing to borrow even as interest rates increased. Norah Mulinda reports. (Source: Bloomberg)
Bloomberg Markets
Stocks bounced from session lows as speculation the Federal Reserve won’t be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence. Keith Lerner, CIO and chief market strategist at Truist Advisory Services, says the four-year-old bull market has room to run, with AI and technology still central to its prospects. He speaks with hosts Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)
Financial Times
AI lab discovered recording device and reported it to the FBI
NY Times Business
HBO announced that the show created by Lena Dunham will begin production on five new episodes next year, 10 years after the finale.
Bloomberg Markets
Saudi Aramco’s headquarters in Dhahran in eastern Saudi Arabia was hit during a missile attack by Yemen’s Houthi militants on Tuesday that caused a fire in a part of the complex, according to people with knowledge of the matter.
Bloomberg Markets
Bond traders added to bets on further losses in Treasuries before inflation data that will help shape expectations for Federal Reserve policy through year-end.
Washington Post Business
Bank of America failed to adequately monitor for potentially illegal activity in its accounts, according to the Treasury Department. The penalty is the third largest in department history.