Bloomberg Business

The former head of JPMorgan Chase & Co.’s precious-metals desk and his top trader were sentenced to prison for spoofing, fraud and attempted market manipulation.

China publicly backed expansion of the BRICS bloc and used the annual gathering of emerging market powers to sound an upbeat note on the country’s economy.

As traders push up long-term bond yields on speculation the economy will avert a recession, they’re also dialing back expectations for Federal Reserve rate cuts. There’s around 100 basis points of easing now priced into the swaps market through next year, down from more than 150 a few weeks ago.

United States Steel Corp. and Cleveland-Cliffs Inc. exchanged blows via regulatory filings that wrangled over the rights of the United Steelworkers to bid for the iconic American steelmaker following a “bona fide” takeover offer.

Oil posted a modest decline amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer.

Ramp, a financial software business, said it has raised $300 million from investors at a $5.8 billion valuation.

Greek authorities said that many regions are on high alert for wildfires on Wednesday as soaring temperatures and strong winds hamper efforts to contain blazes that have broken out across the country.

Spain’s King Felipe invited opposition leader Alberto Nunez Feijoo to try to form a government and avoid an extended political stalemate following an inconclusive election in July.

Peloton Interactive Inc. is looking to college campuses as a new source of growth, starting with the University of Michigan.