BLOOMBERG President Joe Biden formally announced that he would seek reelection in 2024, readying a historic campaign against a Republican field dominated by his predecessor while economic uncertainty clouds his case for a second term. Biden, 80, implored voters to let him “finish this job” he began when he took office and put aside any worries about his age. He …

BLOOMBERG The rebound in European equities since mid-March has failed to win over strategists, who predict that the sustained campaign of central-bank interest rate hikes will stall the rally. They are sticking to their gloomy outlook for the rest of 2023, unconvinced by a 10% advance in the Stoxx Europe 600 so far. The benchmark index is set to fall …

BLOOMBERG Excitement over electric vehicles and other technology has made South Korea’s stock market one of the world’s best performers in 2023 — and its initial public offerings (IPOs) are doing even better. The 28 stocks that have listed in Seoul this year to date are up by a weighted average of 47% from their IPO prices. That’s ahead of even …