Bloomberg Joe Biden said he should not have been “cavalier” about support from African Americans and insisted he does not take black voters for granted after a backlash over his comments earlier in the day that if a voter is still undecided, “you ain’t black.” “I shouldn’t have been such a wise guy,” he said on a call with the ...

Bloomberg Italy’s record bond sale this week has cast a light on the price tag of the country’s political tension with the European Union (EU). The government’s decision on financing its pandemic costs will saddle taxpayers with 1.6 billion euros ($1.8 billion) of interest expense over the five-year life of the security. That’s 1.5 billion euros more than if Rome ...

Bloomberg Economists at JPMorgan Chase & Co. see the US recovery from the coronavirus pandemic going even more slowly than previously thought, downgrading their forecast for 2021 growth and projecting an unemployment rate of at least 10% through next year’s first quarter. The lockdowns of state economies to combat the spread of the coronavirus will translate into an unprecedented 40% ...