Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket and Kalshi into the billions of dollars.

The Federal Reserve is asking major US banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry, according to people with knowledge of the matter.

Cooler manufacturer Igloo Products Corp. sued its insurer, an Allianz SE unit, for refusing to defend the company against proposed class actions claiming defective cooler handles caused fingertip injuries.

UnitedHealth Group Inc.’s last remaining bear is standing by his call even as the stock notched its best week in seven months after a surprise hike in Medicare rates.

An eight-lawyer insurance recovery group joined Barnes & Thornburg as partners on the East Coast, the firm announced Friday.

Late last month, Blackstone Inc. announced the first inbound Gulf private equity deal since Iran started attacking Middle Eastern hubs, while Citigroup Inc.’s top boss fired off a 600-word memo underlining the bank’s enthusiasm for its business in the region.