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.

A cornerstone of the US interest-rates market for a generation of traders will mostly cease to exist after Friday.

If you thought that Justice Clarence Thomas’s unreported luxury trips and gifts from a Republican billionaire would spur ethics changes imposed by Congress, think again.

The latest move in the fight over the abortion pill erases years of progress in increasing access to the drug, with the leader of the country’s biggest medical body calling it a “profoundly dangerous step backwards.”

The Biden administration is going to have a hard time explaining how the biggest US intelligence leak in a decade may have been committed by a 21-year-old airman whose role — “cyber transport systems journeyman” — required a high-school degree, a driver’s license and up to 18 months of on-the-job-training.

The United Arab Emirates has assured to provide a $1 billion loan to Pakistan, the debt-laden nation said, moving it closer to a deal with the International Monetary Fund to avoid a default.

US equity futures were mixed on Friday, as bank earnings season began and traders weighed bets the Federal Reserve could be nearing the end of its rate-hiking cycle.

JPMorgan Chase & Co.’s first-quarter deposits unexpectedly rose from the end of last year and the firm boosted its guidance for this year’s net interest income. Shares of the company surged in early trading in New York.

Some of Ukraine’s European allies are increasingly skeptical its military will be able to make a decisive breakthrough this year because Russia’s defenses have had time to dig in ahead of the looming offensive.