Bloomberg Top News

Stocks rose, rebounding from Tuesday’s heavy losses, with traders expecting the Federal Reserve to signal a pause in its aggressive hiking cycle after a potential rate hike in May.

Barrick Gold Corp.’s top executive is closely watching the takeover battle for Teck Resources Ltd. but has no plans to pursue the Canadian base metals producer, which has drawn a $23 billion offer from Glencore Plc.

Steep discounts haven’t addressed the supply-demand dynamics that are no longer working in Elon Musk’s favor.

Brazil’s Federal Police raided former President Jair Bolsonaro’s home in Brasilia on Wednesday as they carried out an investigation into false Covid-19 vaccination data entered into public health systems, according to a person involved in the probe.

The Kremlin said it has the right to respond after downing two drones Tuesday night that it said were part of a “planned terrorist act” and assassination attempt on Vladimir Putin. Ukraine denied any involvement.

Russia said it averted an attack by a pair of drones on President Vladimir Putin’s residence in the Kremlin in Moscow Tuesday night, blaming the attempt on Ukraine without providing evidence.

UK economists expect just one more quarter-point rate hike from the Bank of England even though inflation is stuck in double digits and investors are bracing for a round of increases lasting through the summer.

Hungary’s approval of legislation aimed at de-politicizing the courts is only a first step needed to unlock billions of euros of funds frozen by the European Union over rule-of-law and corruption concerns, a top official from the bloc said.

US companies increased payrolls in April by the most in nine months, highlighting a resilient labor market even as the economy cools.