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Biden warns of Trump’s influence in US midterms

  Bloomberg President Joe Biden cast Donald Trump as a factor in state-level contests across the country, telling Democrats those were crucial battlegrounds to defend their agenda in November’s elections. “As long as Trump controls the Republican Party, he’s going to have an incredible impact on state legislative bodies,” said Biden at an event in Portland, Oregon, for Tina Kotek, ...

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India’s rupee will endure dollar strengthening, says Sitharaman

  Bloomberg The Indian currency will withstand the recent strengthening of the dollar, Finance Minister Nirmala Sitharaman said, reiterating a central bank forecast that the South Asian economy will grow at 7% in the year to March, 2023. “The Indian rupee has performed much better than many other emerging market currencies,” Sitharaman said at a media briefing in Washington DC. ...

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Wells Fargo earnings marred by $2 billion regulatory charge

  Bloomberg Wells Fargo & Co. set aside an additional $2 billion to resolve a variety of legacy regulatory and legal woes as Chief Executive Officer Charlie Scharf continues wrestling with the costly fallout from scandals he was hired to resolve. The charge hampered a third quarter that was better than expected on some metrics. Net interest income, for example, ...

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