Bloomberg Top News

Citigroup Inc. posted a surprise jump in first-quarter profit after its fixed-income traders delivered a windfall large enough to cover the rising cost of the bank’s souring loans.

Wells Fargo & Co. reported higher-than-expected net interest income in the first quarter as the firm continued to reap the gains of the Federal Reserve’s rate hikes.

Teck Resources Ltd.’s biggest shareholder, China Investment Corp., currently favors Glencore Plc’s takeover plan that would allow investors to exit their coal exposure in return for cash, as the two miners race to win support for their competing proposals.

BlackRock Inc.’s assets swelled to $9.09 trillion in the first quarter as depositors sought cover following the collapse of several US banks by pouring money into the firm’s cash-management funds.

JPMorgan Chase & Co. surged the most in almost 11 months after boosting its guidance for net interest income and reporting an unexpected increase in deposits.

Production at US factories fell in March for the first time this year as companies show signs of ratcheting back investment plans.

Chip stocks are rallying like it’s 2021. Only it isn’t. And now some investors are getting cold feet.

Crypto miner Bitdeer Technologies Holding Co. started trading on the Nasdaq Friday after a long-delayed SPAC deal finally closed, allowing shares of the Singapore-based company to be traded in the US.

Donald Trump’s court losses have freed prosecutors to put before a grand jury members of his inner White House circle who were in the room for critical showdowns in the former president’s frantic push to overturn Joe Biden’s 2020 election victory.

Donald Trump’s court losses have freed prosecutors to put before a grand jury members of his inner White House circle who were in the room for critical showdowns in the former president’s frantic push to overturn Joe Biden’s 2020 election victory.