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Are you ready for Comey? A collision of scandal, politics, and Russia that wouldn't be out of place on House of Cards, the fired FBI director's Senate testimony on Thursday morning is going to be must-see TV for the nation. One Washington tavern has even created an “FBI sandwich” (fried chicken, bacon, and iceberg lettuce, natch) for the event. James Comey's opening statement, released Wednesday afternoon, gives insight into what he will tell senators about his interactions with President Trump over the investigation into Russia's election-meddling. It comes after two top U.S. intelligence chiefs refused to say whether they were asked by the president to help impede the Russia probe during a Senate Intelligence Committee hearing.—Katie Robertson
Eight senators to watch at the Comey hearing. The senators on the Intelligence Committee will get a national stage on Thursday to examine Trump's interactions with former FBI director Comey. Major TV networks, including Bloomberg, are planning live coverage of the hearing, giving an opportunity for senators to make a mark, both on Trump's future and their own political careers.
Bill Gross says market risk is at its highest since before the 2008 crisis. The billionaire bond guru told the Bloomberg Invest New York summit that investors are paying a high price for the chances they're taking. He also blamed central bank policies for artificially driving up asset prices with low-and negative-interest rates while creating little growth in the economy.
Trump names a new FBI director. The president said Wednesday he will nominate former Justice Department official Christopher A. Wray as FBI director. The timing suggests the White House is trying to turn the page on former FBI director James Comey's era before a Senate hearing on his dismissal.
Jamie Dimon wants to disrupt JPMorgan. With $2.55 trillion in assets and operations, the bank has the most to lose should clients suddenly decide to do business in a different way. Star coder David Hudson is tasked with building innovation inside the bank to protect it from outside threats, making sure that if new technology upends trading patterns, it's JPMorgan that does the disrupting.
Why you still can't trust your financial adviser. This Friday, the Fiduciary Rule will take partial effect. Its future, though, is very much in doubt, which means seeking professional advice on your money remains a dangerous proposition. Consumers complain that many financial advisers just don't care what's best for you. But with an industry awash in misconduct, the bigger issue may be that they aren't required to care.
Theresa May could be damaged even if she wins the U.K. election. The prime minister may have called the snap election, which will be held Thursday, to strengthen her position, but instead it threatens to leave her weaker. Senior Conservative ministers and candidates are privately furious at the way the party has mismanaged the campaign and collapsed its lead over Jeremy Corbyn's Labour Party.
The one big reason why BuzzFeed needs to break into TV. As BuzzFeed considers going public next year, the entertainment and online media universes are watching its partnership with NBC for clues about where the hybridized TV-web industry is heading. The company's future may hinge on whether it can get young viewers to spend 23 minutes watching someone eat a $100 doughnut.
With assistance from Editorial Board
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Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
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Why Prashant Jain's 3P Investment Managers Bought 2.5% Stake In This Healthcare Firm
After slowing acquisitions, Entero now has the opportunity to extract greater value from the network. The key, however, will be execution.
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Taxing A Promise: The Unsettled Story Of GST On Corporate Guarantees
These concerns are particularly relevant for businesses in the infrastructure, real estate, power and EPC sectors, where guarantees run for several years over the duration of the project and involve substantial amounts.
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Who Will Care When Women Work? That Is The Wrong Question
The debate on women and work becomes strangely patronising when even our most enlightened elites assume that care is a woman's natural duty.
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AI Disruption Is Exponential, Businesses Need A Margin Of Safety: HDFC AMC's Navneet Munot
According to Munot, one of the biggest challenges in assessing AI's impact is that the pace of change is exponential rather than linear.
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The AI Race Is Bigger Than AI Models | The Week In Whys
The AI race and the humanoid race may look like two different technology stories. But underneath, they are increasingly about the same thing: who controls the ecosystem needed to build the technology.
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FCNR Deposits Beat Estimates, RBI To Pull Out Rs 6-7 Lakh Crore: Pranjul Bhandari
HSBC's chief India economist says the central bank must drain up to Rs 7 lakh crore of surplus liquidity within a fortnight, either through a cash reserve ratio hike or dollar sales, as Foreign Currency Non-Resident (Bank) deposits far outpace expectations
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Joining The Dots | CAS Turmoil, The Large-Cap Debate And Zee's Almost Rs 22,000-Crore Haircut
Time bends on Dalal Street, Dylan's lyrics haunt the large-cap debate, and Zee's promoter picks up the bargain of the year.
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India Wants To Be Vietnam; Vietnam Wants To Be China | The Reason Why
India may become a global hub for smartphones. It could also make more camera modules, batteries and semiconductor packaging over the years.