That’s how the Tricolor Holdings founder, in a secretly recorded August phone call, described the blunder that ultimately exposed what authorities allege was a more than $1 billion fraud. Ameryn ...

Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they’re trying to push down ...

China’s investment slumped further and retail sales expanded at their weakest pace since the crash caused by Covid, in another month of lopsided growth that’s inflaming trade tensions with the rest of ...

The UK economy unexpectedly contracted by 0.1% in October, the second monthly decline in a row Join the Markets Today team for news and analysis vital to UK markets. Email us at marketstoday@bloomberg ...

Equinor ASA and partners will spend 4 billion kroner ($400 million) to boost barrels coming from the Johan Castberg oil field in the Barents Sea, as the Norwegian company seeks to extend plateau ...

Stripe Inc. and crypto venture firm Paradigm have launched a public trial for their joint blockchain project, Tempo, opening the network to any company interested in building real-world stablecoin ...

US consumer sentiment rose for the first time in five months, bolstered by a more optimistic outlook for personal finances as inflation expectations improved. The preliminary December sentiment index ...

US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the face of stubborn inflation. Consumer spending, adjusted for changes in ...

The former New York City mayor, a longtime backer of historically Black colleges and universities, has a new initiative to support young Black students. Michael Bloomberg, who donated $600 million in ...