Bloomberg At least three Republicans are jockeying to serve as President Donald Trump’s first line of defense against any effort by House Democrats to seek his impeachment, a job that that carries high risk and narrow rewards. The position: top GOP seat on the House Judiciary Committee, which could investigate whether there are grounds to remove Trump from office. The ...

Bloomberg US stocks climbed on tech strength, trimming recent losses from the sharp declines across asset classes during Tuesday’s session. Treasuries erased a drop and the dollar fell amid speculation the Federal Reserve may soften its policy stance. All major benchmarks were higher, with the Nasdaq 100 Index leading gainers and erasing more than half of Tuesday’s decline. Retailers and ...

Bloomberg The deepest bear market since the financial crisis in developing-nation technology stocks probably has further to run as earnings disappoint and analysts slash their profit estimates. Companies in the MSCI emerging-market tech gauge are missing earnings forecasts for the first time in almost 18 months, based on 12-month rolling data. Combined with deepening trade tensions, that’s leading analysts to ...

Bloomberg A Southeast Asian nation that was a bit player in the biofuel market is suddenly buying and selling unprecedented supplies. The US-China trade war may have something to do with it. Malaysia has emerged to displace the US as the biggest supplier of ethanol to China in just two months. It’s also the first time the Southeast Asian country ...

Bloomberg Libya’s top oil chief expects Opec and allied producers to exempt the strife-torn North African country from any future cuts in crude output. “The Opec community has understood the difficulties we face— Libya has withheld more than any other country from the global market,” National Oil Corp Chairman Mustafa Sanalla wrote in a phone message. “This should be factored ...

Bloomberg Walk into a JC Penney and it’s a sea of red stickers. Almost everything is marked down, from apparel, jewellery and home goods to Christmas decor, bedding and appliances. And it’s not even Black Friday yet. Even for a retailer whose identity is built on promotions and discounts, there’s an urgency to this holiday season. JC Penney Co.’s bonds ...

Bloomberg Boeing Co. reckons Brexit will slow growth in both the UK and European Union economies, though not enough to upset demand for its planes, according to marketing vice president Randy Tinseth. “We expect from a UK perspective and an EU perspective, there will be an economic impact, you can’t get away from that, the UK economy more in terms ...

Bloomberg Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to the aviation ministry’s top ...

Bloomberg Airbus SE named Infineon Technologies AG’s Dominik Asam to replace Chief Financial Officer Harald Wilhelm when he steps down in April, as the European planemaker moves closer to cementing its executive lineup following a major reshuffle. The company also named Michael Schollhorn to become chief operating officer of the commercial aircraft unit, another key role now held by retiring ...

Bloomberg A federal regulator slammed the Port Authority of New York and New Jersey, saying it doesn’t have a reasonable or transparent method for justifying the fees it charges airlines to use Newark Liberty International Airport, one of three major airports serving the New York metropolitan area. The Federal Aviation Administration said that the Port Authority has routinely diverted airport ...