BLOOMBERG US President Joe Biden and other Group of Seven (G-7) leaders began arriving in the Japanese city of Hiroshima for an annual summit, with concerns around China and Russia  — both uninvited — set to dominate discussions. The meeting, which runs through Sunday, comes as Russia launched fresh aerial assaults on Ukraine and Chinese President Xi Jinping attended a separate …

BLOOMBERG  A Bank of America Corp (BofA) strategist says you shouldn’t be fooled by a seemingly bearish signal being flashed by the stocks in the S&P 500 Index. To the contrary, history shows it may even point to strong gains ahead. The 50-day moving average of the S&P 500 Equal Weight Index — a version of the benchmark that gives …

BLOOMBERG  Markets turned higher after days of anxiety that an impasse in Washington would push the US into an unprecedented default, spurring bets that the world’s biggest economy can also skirt an economic slump. European stocks rose, following a rally on Wall Street, as hopes built for an eventual breakthrough in talks to raise the debt limit before coffers run …