Bloomberg Zwift, a company that gives cyclists the opportunity to compete in virtual-reality races, has raised $120 million to help them set up an esports league and further their expansion into running. Based in Long Beach, California, Zwift has built software that lets riders simulate outdoor training — such as cycling up a mountain — from their living room. Customers ...

Bloomberg President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter. Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger ...

Bloomberg What’s worse for a bank, the biggest financial crisis since the Great Depression or the biggest money laundering scandal in European history? According to Danske Bank, which has lived through both, it’s the latter. The bank’s acting chief executive, Jesper Nielsen, says that during the global meltdown of 2008, concerns centered on things like “greed,” which was obviously bad. ...