Market Dashboard
Latest financial news and comprehensive world market analysis
World Market Analysis
10/9/2025 1:26:05 PM
The market score is driven by a powerful positive catalyst: the confirmed Israel-Hamas ceasefire and hostage deal. This significantly reduces geopolitical risk, lowers the probability of a wider conflict, and eases pressure on oil prices. This risk-on event is further supported by dovish commentary from Fed officials backing more rate cuts. Negative factors like the ongoing US government shutdown and weakness in some European sectors are currently overshadowed by the magnitude of the positive macro news.
Top Opportunities (3)
Avoid/Short Opportunities (3)
Market Signals
- Continued US Government Shutdown is causing a lack of economic data, forcing the Fed and investors to operate with less visibility.
- Persistent inflation remains a key concern for both the Fed and ECB, potentially limiting the scope and pace of future interest rate cuts.
- Weakness in the European economy, evidenced by falling German exports and poor auto sales, could act as a drag on global growth.
- Growing discourse around a potential AI bubble, with mentions of 'circular' investments and frothy valuations, signals rising skepticism.
Immediate Actions (Next 2 Hours)
World & Financial News
5202 articles
U.S. crude oil inventories rose by 3.5 million barrels last week for their third consecutive weekly build.
He was one of the most pivotal public figures in Kenya. He died this week after fighting against tribalism for decades.
The blaze and arrests of protesters highlight the strife in the country, whose longtime president faced rare electoral opposition.
Donald Trump’s tariff war alienated longtime allies and gave China an opportunity to woo the world. Now Beijing’s hardball tactics are sparking a global pushback. China’s decision to unveil unprecedented export controls on the rare-earth supply chain dominated meetings at an annual huddle of global economic chiefs in Washington this week. Treasury Secretary Scott Bessent hinted at an emerging coalition, saying US officials were “speaking with our European allies, with Australia, with Canada, with India and the Asian democracies,” to form a fulsome response. Bloomberg's Brendan Murray Reports. (Source: Bloomberg)
The European Central Bank is determined to stick to its commitment to take policy decisions based on data as they arrive, according to Chief Economist Philip Lane.
European Central Bank borrowing costs are at appropriate levels to deal with whatever turbulence the world economy may endure next, President Christine Lagarde said.
Empty land beckons the companies building (and supplying) the computing revolution
Though Pyongyang has largely pulled its soldiers off the front lines in Ukraine, it is expanding the types of ammunition it supplies to Russia.
It was Lenin who apparently said that in some decades nothing happens, but in some weeks decades happen. That could apply to this week, which seems to contain a decade’s worth of tension between the UK and China.
Bloomberg Green New York brought together industry leaders, policymakers and climate innovators during the United Nations General Assembly and Climate Week NYC. From innovation and the climate economy to greener living and the green policy agenda, world-renowned experts delivered insight into the new area of climate action. (Source: Bloomberg)
China’s Commerce Minister Wang Wentao on Thursday blamed the recent escalation in trade tensions with the US on American actions following the latest bilateral round of talks, in Madrid last month.
The president leveraged Netanyahu’s vulnerability to secure a cease-fire. He can similarly pressure Putin.
Israel and other countries have established an international task force to search for missing hostage bodies in the enclave’s ruins.
Political veteran mentioned in collapsed prosecution of two British men over espionage allegations
Working-class investors are flocking to stocks, betting and crypto, beneficiaries of a new age of democratic finance—or the last invitees to a party that’s going to end, writes Greg Ip.
The consortium buying Electronic Arts Inc. is set to add more than a dozen banks to its underwriting group after JPMorgan Chase & Co. put up $20 billion of debt to bankroll the leveraged buyout.
Officials were already divided about the economic outlook. A lapse in funding suspended data releases that could help reconcile disagreements.
Colombia’s government will continue repurchasing sovereign bonds as part of a strategy to revamp the country’s debt profile, said Javier Cuellar, the director of public credit.
Muhammad Abdulkarim al-Ghamari was a target of an Israeli strike in August but declared dead on Thursday.
The private credit industry’s claims of market-beating, stress-free returns are “illusory,” a group of academics say, adding fuel to the fire in a week that already saw executives fend off broadsides from the likes of Jamie Dimon.
Michelle Bowman, Federal Reserve vice chair for supervision, says Wall Street banks will be able to get an earlier look at the criteria for the Fed's annual stress test under a plan set to be released later this month. She speaks via a pre-recorded video at the 2025 Federal Reserve Stress Testing Research Conference in Boston. (Source: Bloomberg)
The superintendent said he had “no plans” to enforce his predecessor’s mandate to put Bibles in public school classrooms, which was being fought in court.
After the war in Gaza, they increasingly view Israel unfavorably. Bloomberg Opinion columnist Andreas Kluth explains how that could change geopolitics for a generation. (Source: Bloomberg)
The European Central Bank should take a calm approach to monetary policy, given inflation is in line with its target, according to Governing Council member Martin Kocher.
Two regional US banks disclosed problems with loans involving allegations of fraud, adding to concern that more cracks are emerging in borrowers’ creditworthiness.
Federal Reserve Governor Christopher Waller speaks with Bloomberg's Tom Keene at the Council on Foreign Relations about Fed communication and dissents, the central bank's rate path, the state of the US labor market and unemployment, US fiscal policy, and more. (Source: Bloomberg)
US President Donald Trump and Russian President Vladimir Putin are expected to speak on Thursday ahead of Trump’s meeting with Ukrainian leader Volodymyr Zelenskiy on Friday. Michael Shepard reports on Bloomberg Television.
Banco Santander SA is mulling significant risk transfers tied to portfolios of dollar-denominated buyout debt and corporate loans, as the Spanish lender expands its US investment banking business.
With a twist on the buy-sell-trade retail model, she emphasized transparency with both customers and employees.
Unresolved issues — mainly over the exchange of hostage and prisoner remains — threaten to destabilize the fragile agreement.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
For Jon Ossoff, the most endangered Senate Democrat, the shutdown fight could rally support among some voters, but risks alienating others in a state President Trump won in 2024.
Washington Spirit Owner Michele Kang talks about leaving her hometown of Seoul, South Korea, to pursue her education in the United States, and the clever negotiating tactic she used to convince her parents. Kang appears on "The David Rubenstein Show: Peer to Peer Conversations." This was recorded April 2 in New York. (Source: Bloomberg)
US president to speak with Russian leader for the first time since Alaska meeting
Canada is unlikely to object to US government investments in two Vancouver-based mining companies, Energy Minister Tim Hodgson said, describing the deals as “capitalism in action.”
Credit-card data and other private-sector alternatives to the official US retail sales report largely suggest consumer demand moderated last month after a vigorous stretch of spending this summer.
Hans Marsalek’s grandson is the fugitive Wirecard fraudster who runs spies for Russia in western Europe
The head of the International Monetary Fund says Canada has the fiscal room to make productivity-boosting investments, and praised the federal government’s proposed changes to budget timing.
The federal watchdog for corporate bankruptcies joined a creditor’s demand for an independent investigation of the troubled auto-parts supplier First Brands Group, which has admitted it can’t find $2.3 billion related to off-balance sheet financing deals.
Washington Spirit owner Michele Kang talks about why she’s on a mission to prove that women’s sports are a good investment and why she founded Kynisca Sports International. “It’s about the ecosystem moving together, not just the teams,” she says. She appears on this week’s episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded in April 2025 in New York. (Source: Bloomberg)
The outcome of their call is expected to influence the president’s discussions with Ukrainian President Volodymyr Zelensky on Friday over the prospects of the U.S. providing a powerful new weapon system.
A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
The US Defense Department canceled a tender to buy cobalt, in a fresh sign of the challenges facing Western countries trying to bolster domestic supplies of the battery metal.
Deutsche Bank AG and Goldman Sachs Group Inc. are among the banks getting ready to sell roughly $1.2 billion of debt that’s financing the buyout of a unit of Finastra Group Holdings Ltd.
Michele Kang left her hometown of Seoul, South Korea, to pursue her education in the United States and went on to become one of the most influential figures in women’s soccer. What started as a chance investment in the Washington Spirit turned into a mission: empowering female athletes and elevating the women’s game worldwide. She has since expanded her reach to include teams in England and France, building a global network of women’s clubs. Kang appears on "The David Rubenstein Show: Peer to Peer Conversations." This was recorded April 2 in New York. (Source: Bloomberg)
Billionaire Ken Griffin’s Citadel Securities LLC is mulling an entry into commodity markets in India and sees the country as a key growth driver over the next decade as its market watchdog tries to improve liquidity in the cash market.
The euro zone is facing risks to the inflation outlook in both directions, European Central Bank Governing Council member Olli Rehn said, highlighting that he and his colleagues retain full flexibility on interest rates.
The International Monetary Fund’s chief sent a message to countries to stay calm amid renewed trade tensions between US and China.
The US will be forced to furlough workers at the federal agency responsible for maintaining and designing the nation’s nuclear weapons arsenal as soon as Friday if the government shutdown continues, Energy Secretary Chris Wright said. “Starting tomorrow, Monday at the latest, we are not going to be able to pay those workers,” Wright said in an interview with Bloomberg Television on Thursday. (Source: Bloomberg)
Delta Air Lines and United Airlines have accounted for most of the industry’s profits since 2022. Their appeal to wealthy travelers could become a liability if the economy weakens.
Gustaf Ericson, Citadel Securities’ COO in India, says the firm sees the country's efforts to deepen cash market and commodities as growth opportunities. He speaks with Bloomberg's Menaka Doshi at Bloomberg’s Investment Forum for Investment Management in Mumbai. (Source: Bloomberg)
Senegal has unpicked the hidden-debt problem the current government inherited when it won elections last year, the International Monetary Fund said, suggesting no more surprises are in store and paving the way for a new deal with the lender.
Surging emissions from wildfires may have been behind the increase, which was the largest since modern measurements began more than half a century ago.
Deel Inc., a human resources software startup embroiled in a bitter legal battle with rival Rippling, has raised $300 million in a new round of funding that boosts the company’s valuation to $17.3 billion.
From Serial Productions: What is going on in Pennsylvania’s Lehigh Valley?
The European Central Bank has done almost everything right in responding to a once-in-a-lifetime inflation shock, according to Governing Council member Pierre Wunsch.
IMF Managing Director Kristalina Georgieva says there's been a "genuine change" for the better in Argentina, with inflation, growth and other economic measurements improving over the last two years. Georgieva speaks with Lisa Abramowicz. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
My ability to spend within my means slipped away when I started earning a bigger income. There’s a reason for that.
Backed by Palmer Luckey and other founders, a new bank named Erebor has earned a preliminary government approval.
“Family offices are getting ready for a market opportunity,” Adam Russ, global head of wealth management and business lending at the Frankfurt-based firm’s private bank, said in an interview with Bloomberg's anchor Guy Johnson, Anna Edwards and Lizzy Burden Guy on 'The Opening Trade'. This interview occurred on Wednesday, October 15. (Source: Bloomberg)
Stocks opened higher on Thursday, as strong corporate earnings reports bolstered confidence in the economy and shifted the focus from an ongoing trade war between the US and China.
Long-serving executive Marsocci was named as CEO after the eponymous founder of the Italian fashion house passed away last month aged 91.
Long-serving executive Marsocci was named as CEO after the eponymous founder of the Italian fashion house passed away last month aged 91.
There is a distinction between good investment and bad speculation — the likelihood is we are experiencing both
Federal Reserve Governor Michael Barr called for more specific regulation to safeguard stablecoins, saying, “for stablecoins to reach their potential, additional work is needed to create guardrails that protect households and businesses, and the financial system as a whole.” Barr spoke Thursday in Washington. (Source: Bloomberg)
President Trump has said he wants to eventually shift the burden of disaster relief and recovery onto states. It’s already happening.
ATP’s rejection of a sweetened bid from private-equity firms for the vaccine maker casts doubt over whether the deal will go through.
Sadiq Khan’s attendance draws criticism and follows scrutiny of Labour politicians for receiving lavish gifts
The Justice Department will ask a grand jury Thursday afternoon in Greenbelt, Md., to indict John Bolton, a former national security adviser to President Donald Trump who became one of his fiercest critics, according to two people familiar with the matter.
The roughly $7 billion batch of European initial public offerings this fall has shown sellers must balance the risk of upfront cash versus leaving enough room for the stocks to trade higher.
United Airlines is seeing a recovery in demand for international travel, supporting the company’s bullish outlook as the airline industry heads into a bumper fourth quarter. The biggest strength in demand is in the corporate sector, and the airline expects premium customers to drive profit growth through the final three months of the year, Chief Executive Officer Scott Kirby said Thursday in a Bloomberg Television interview after the airline reported earnings. (Source: Bloomberg)
Air conditioning use will surge in the coming decades, lifting electricity consumption worldwide, said the chief economist of the French oil major TotalEnergies SE. Thomas-Olivier Leautier said oil demand will probably flatten out as electric vehicles spread while power use will grow. EVs and data centers for artificial intelligence will drive much of those gains, but analysts have mostly overlooked the impact of cooling demand on electricity, he said. Cooling is improving rapidly as the global population expands and becomes richer, making air conditioning more affordable. That, Leautier said, will have a major impact on power consumption by the middle of the century. Leautier spoke in an interview at the BloombergNEF Summit in London on October 14, 2025. (Source: Bloomberg)
Chancellor faces lobbying from lenders not to raise taxes on the sector
Miami’s most exclusive office tower — where tenants like Citadel and Thoma Bravo have planted their flags — is topping off the top two floors with a members club and restaurant from a Michelin-starred group.
US Energy Secretary Christ Wright says the Trump administration is trying to reverse "a tidal wave" of energy costs, adding that AI infrastructure will eventually make electricity more abundant, more reliable, and ultimately more affordable. His comments come after the Trump administration finalized $1.6 billion in financing for an American Electric Power Co. subsidiary to upgrade 5,000 miles of utility transmission lines across five states. He speaks on Bloomberg Surveillance with Annmarie Hordern and Jonathan Ferro. (Source: Bloomberg)
Also: AI’s muted job impact, a reprieve for Credit Suisse bonds and an ex-banker collects garbage
The artificial intelligence gold rush has pushed San Francisco’s residential rents up by the most in the nation, as A.I. companies lease apartments and offer rent stipends to employees.
Welcome to the Brussels Edition. I’m John Ainger, Bloomberg climate and energy reporter, bringing you the latest from the EU. Make sure you’re signed up.
Securities and Exchange Board of India Chairman Tuhin Kanta Pandey speaks at the Bloomberg Forum for Investment Management. (Source: Bloomberg)
The commission’s report highlights the difficulties Pope Leo faces in trying to end clerical abuses and ensure abusers are held to account.
Federal Reserve Governor Christopher Waller said the central bank can keep lowering interest rates in quarter-percentage-point increments in order to support a faltering labor market. Waller also discussed his concerns about the US labor market, the state of households versus businesses, and why AI feels like a structural change for labor. (Source: Bloomberg)
The clock for US electric vehicle tax credits started ticking when President Donald Trump signed a tax law that set a September expiration date. Apparently Americans heard it: They raced to buy electric models at a record pace before the incentives wound down.
Services activity in the New York area contracted at the fastest pace in more than four years, reflecting a sharper decline in business activity and headcount.
WiZink Bank SA, a Spanish online lender owned by Varde Partners LP, is working on a significant risk transfer tied to credit card loans, according to people familiar with the matter.
India’s securities regulator will upgrade its algorithmic and high-frequency trading framework to ensure a level playing field for all market participants, its chief said on Thursday.
Euro-area inflation is likely to slow less significantly below the European Central Bank’s 2% target in 2026 than feared, supporting the case for a steady hand on interest rates, Governing Council member Primoz Dolenc said.
Support is growing for enhancements to the Group of 20’s coordinated debt-relief initiative, faulted for being too slow and unwieldy since its inception in 2020.
ManpowerGroup Inc. posted its first quarterly revenue gain since early 2022, an indication the global labor market is more resilient than thought.
Federal Reserve Governor Christopher Waller said the central bank can keep lowering interest rates in quarter-percentage-point increments in order to support a faltering labor market. Waller said officials can “go cautiously or carefully and do 25, wait and see what happens.”
India’s foreign ministry said it’s unaware of a conversion between President Donald Trump and Prime Minister Narendra Modi on Wednesday, hours after the US leader said he spoke with his Indian counterpart, who pledged to halt Russian oil purchases.
When Pictet Group opened its first US office in October 2020, Fifth Avenue was deserted. With a pandemic-struck New York shuttered, the firm’s arrival went largely unnoticed on an empty stretch of Midtown.
The Swiss company said the majority of the positions to be cut will be white-collar jobs as its new CEO seeks to drive cost savings. Its shares rose 8%.
The Swiss company said the majority of the positions to be cut will be white-collar jobs as its new CEO seeks to drive cost savings. Its shares rose 8%.
The European Commission proposed a reform of the EU’s military planning and procurement as part of a five-year strategy to rearm and deter Russia.
In just two years, a little-known decentralized exchange built by a small group of engineers has drawn heavyweight investors and billions in trading volume.
Ken McCallum says Chinese ‘state actors’ regularly present threats to UK national security
The government subtly rebuffed the president’s comments that it would stop buying Russian oil, as it tries to avoid a public fight and end a trade dispute with Washington.
Recent rain significantly reduced the risk of a large fire breaking out before year’s end, experts said.
“It’s hard to overemphasize how broken we are in how we care for older adults.” says Seth Sternberg, CEO of Honor. Sternberg joins Bloomberg Intelligence analyst Jonathan Palmer to unpack how Honor’s AI-driven logistics and the Home Instead network tackle the hardest problem in home care: scaling quality. In this episode of the Vanguards of Health Care podcast, they dive into matching the right caregiver to the right client, why stability is the No. 1 caregiver need, franchise advantages and mak
Geopolitical tensions are stoking investor interest in shipping stocks as supply-demand dynamics turn more favorable for tanker and dry-bulk operators heading into 2026. Global containerliners, however, face a tougher outlook, with freight rates struggling to find support amid capacity growth outpacing demand. In this bonus episode of the Talking Transports podcast Bloomberg Intelligence senior freight transportation and logistics analyst Lee Klaskow hosts a panel with Fredrik Dybwad of Fearnley
Charles Schwab notched a higher profit in the third quarter as revenue jumped to what the company called record levels, thanks to boosted trading volumes and capital inflows.
Federal Reserve Governor Christopher Waller said officials can keep lowering interest rates in quarter-percentage-point increments to support a faltering labor market amid economic uncertainty.
Jason Thomas, head of global research and investment strategy at Carlyle, discusses how a “massive disinflationary shock” from AI can provide a path to lower interest rates from the Federal Reserve. (Source: Bloomberg)
Nestlé shares surged after the foodmaker posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs, just weeks after replacing its chief executive officer. The stock climbed as much as 8.2% in early Swiss trading, the biggest gain since 2008. TSMC hiked its projection for 2025 revenue growth for the second time this year, reinforcing hopes in the longevity of a global boom in AI spending. TSMC, the go-to chipmaker for Apple and Nvidia , now foresees mid-30% growth in annual sales, up about a few percentage points from previously. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Lizzy Burden and Valerie Tytel. (Source: Bloomberg)
Team to join multinational task force despite long-running tensions between two countries
Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom.
The luxury sector’s three-decade boom is over, according to Berenberg analysts whose downgrade of LVMH coincided with the stock’s biggest surge since 2001.
Travelers logged a higher profit in the third quarter, thanks to a rise in revenue and net written premiums.
U.S. Bancorp notched a rise in earnings for the latest quarter thanks to record revenue and loan growth.
BayWa AG’s 2023 accounts were deficient, Germany’s financial watchdog Bafin said. The firm’s share price dropped.
Federal Reserve Governor Stephen Miran said he would favor a half-point interest-rate cut this month, and repeated his view that trade tensions add uncertainty to the economy and increase downside risks to growth.
Good morning. The US continues to play hardball with China over trade. Gold’s wild rally continues unabated. And a stablecoin issuer accidentally mints $300 trillion. Listen to the day’s top stories.
Investors are generously rewarding positive earnings news from some of Europe’s biggest companies early in the reporting season, sparking equity gains and optimism for a year-end rally.
AstraZeneca Plc got a rare sell rating on Thursday as Deutsche Bank AG analysts downgraded the British drugmaker, taking a more skeptical view on the company’s drug pipeline, in particular for breast cancer treatments.
Copper markets are looking at a supply deficit, the opposite of what traders expected a year ago.
Buoyed by a string of box office successes in 2025 -- nearly 4% of global ticket sales on less than 1% of screens -- IMAX is pursuing several strategic pathways to sustain its growth. On Bloomberg Chief Future Officer, CFO Natasha Fernandes and CEO Rich Gelfond discuss their plans to expand the company's global network and broaden its content menu with local language films, documentaries and other offerings. (Source: Bloomberg)
Immigration agents are using aggressive tactics. Residents of the sanctuary city are trying to resist them.
Ceremonies took place on Thursday to commemorate two years since the surprise attack on southern Israel, according to the Jewish calendar.
The CPS accused of taking the ‘nuclear option’ after three witness statements that it says left a hole in its case
Electric car sales jumped to a record in the third quarter as US buyers rushed to cash in on federal subsidies that ended last month.
Canadian oil exports to China are on pace for a record month amid a surge of purchases as the Asian giant pivots away from US crude.
The world’s largest furniture retailer is raising prices on some products, after years of cuts to draw in shoppers.
On Friday, Sept. 26, Applied DNA Sciences Inc. shares abruptly soared as much as 52%.
IKEA is looking to small towns as a new engine of growth.
Africa’s leading financial markets suffered a setback last year as market depth weakened and turnover declined in the face of a turbulent trade climate and geopolitical tensions.
D1 Capital Partners aims to raise more than $1 billion for a new private equity fund as the hedge fund firm pushes deeper into illiquid investing.
Infosys Ltd. raised the lower end its forecast for yearly revenue, banking on a revival in spending on technologies such as artificial intelligence.
Issuing new shares is usually considered a recipe for souring sentiment as stockholders get diluted. But in this go-go artificial intelligence-crazed market, that logic has been turned upside down.
The UK’s rules for secondary listings on the London Stock Exchange could drive British business abroad
Market data as of 06:44 am EST. Market data may be delayed depending on provider agreements.
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode profiles Natasha Fernandes, the CFO of IMAX. She's spearheading the company's efforts to grow its network of large-format film systems, and to expand its content offerings through innovations in technology and content. Scarlet Fu is your host. (Source: Bloomberg)
Bank of New York Mellon posted higher third-quarter profit, boosted by a surge in net interest income and fees revenue.
Find insight on Sartorius, Novartis, Telix Pharmaceuticals and more in the latest Market Talks covering Health Care.
Find insight on crude oil, Tenaga Nasional, Santos and more in the latest Market Talks covering Energy and Utilities.
Die Marke Buldak verdient mit scharfen Instant-Ramen gerade Millionen. TikTok spielt für das Geschäftsmodell eine entscheidende Rolle - ein riskantes Fundament. (Source: Bloomberg)
President Trump acknowledges America is in a long term trade war with China. Treasury Secretary Scott Bessent warns Beijing of a coordinated response to its rare earth restrictions. The world's largest chipmaker, TSMC, delivers stronger-than-expected earnings in a sign that global demand for AI infrastructure remains red-hot. And Swiss food-maker Nestlé announces plans to cut 16,000 jobs over the next two years, as the new CEO seeks to fast-track a turnaround. Today's guests: Jimmy Muchechetere, Senior Equity Analyst at Investec, Bryon Lake, Global co-Head of Third Party Wealth at Goldman Sachs Asset Management, Miranda Brawn, Founder of The Miranda Brawn Diversity Leadership Foundation. (Source: Bloomberg)
Chinese state media is rallying the public and posting old propaganda footage, but officials are also careful to leave room for talks with President Trump.
Find insight on Gold, Genesis Minerals, 29Metals and more in the latest Market Talks covering Basic Materials.
OpenAI's ChatGPT will be updated to engage in "erotica" with verified adult users, according to Sam Altman. The update is part of OpenAI's efforts to monetize its user base, as chatbot romance and erotic roleplay have proven to be money makers for other companies. Bloomberg Opinion columnist Parmy Olson speaks to Francine Lacqua on OpenAI's erotica pivot which she says is problematic, but also lucrative. Her views are her own. (Source: Bloomberg)
Result marks opportunity to pass budget for 2026 in deeply fractured parliament
Find insight on Advanced Micro Devices, Altice, Ericsson and more in the latest Market Talks covering Technology, Media and Telecom.
America’s use of import duties has been constrained by financial markets and economic reality
Plus, where are all the pennies?!
The German economy continues to languish, and it stagnated at best in the third quarter, according to the Bundesbank.
The reductions contemplated in the audit-regulator’s preliminary budget follow criticism on salaries from SEC Chair Paul Atkins going back years.
Find insight on Hyundai Motor India, Stellantis, International Container Terminal Services and more in the latest Market Talks covering Auto and Transport.
Our interview with the New York mayoral candidate who has burst onto the national stage.
Find insight on Bank of Queensland, Bank of America, Intesa Sanpaolo and more in the latest Market Talks covering Financial Services.
Thailand will most likely hold a general election on March 29, Deputy Prime Minister Borwornsak Uwanno told reporters on Thursday, unveiling a complex timeline aimed at ensuring a referendum on constitutional changes can take place the same day.
Nexperia, a computer chip maker headquartered in the Netherlands, was taken over by the Dutch government after pressure from officials in Washington.
The result gives Sébastien Lecornu, France’s prime minister, a reprieve after weeks of political turmoil. But he still has to get a budget passed by the end of the year.
Goods exported by the European Union to the U.S. fell in August after both sides agreed in July on tariffs on most goods from the economic bloc.
Newly released witness statements leave Crown Prosecution Service facing questions about why it didn’t press ahead
Endorsement comes after Berlin signals readiness to allow more centralised markets supervision
Ukraine’s General Staff claimed a strike on Rosneft PJSC’s Saratov refinery as NATO allies ramp up pressure on Russia’s energy industry to bring President Vladimir Putin to the negotiating table.
The bank’s Strata Elite cardholders say they have been locked out of their accounts for weeks, unable to make purchases or redeem rewards that cost an annual $595 fee.
The iconic recording device revolutionized TV viewing but most consumers moved on long ago
JPMorgan, Bank of America and Wells Fargo see few signs of trouble among their consumer clients.
CCC SA shares slumped after short-seller Ningi Research published a report that alleged accounting issues at the Polish footwear retailer.
Existing-home sales declined and prices fell to their lowest level in over four years, a sign the real-estate market is adjusting to tepid economic conditions and a weak labor market.
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
Chinese electric vehicle maker BYD plans to invest in as many as 300 fast-charging stations in South Africa by the end of 2026 as it ramps up efforts to expand globally. Executive Vice President Stella Li tells Bloomberg's Jennifer Zabasajja that the firm is in the initial stages of building out dealerships in the country. (Source: Bloomberg)
Don’t mistake a revolution for a revival.
Performing in Donizetti’s “La Fille du Régiment” at the Metropolitan Opera, Oh has already perfected the art of waving a fan with sass.
Jim Sanborn planned to auction off the solution to Kryptos, the puzzle he sculpted for the intelligence agency’s headquarters. Two fans of the work then discovered the solution.
The Supreme Court justice isn’t making decisions based on public opinion.
Photos taken by blackwater divers offered a new glimpse into the early life stages of marine fishes and their interactions with other animals.
How to lead an artistic life and be part of a family is a tension he has only recently faced in life and now, onscreen, for a film about his comedian parents.
Francesca Albanese’s provocative allegations have made her a villain to some and a hero to others.
As Syria’s regime collapsed, the world’s eyes were on Bashar al-Assad’s getaway flight. Behind him, officials key to his brutal rule made a mass exodus, virtually undetected.
New York Times reporters compiled a wide array of clues to uncover what happened to Bashar al-Assad’s key enforcers after the fall of the regime.
Leasing activity for older buildings, hit hard during the pandemic, is gaining momentum, a strong indicator that the overall office market in Manhattan is on the upswing.
In May, 10 inmates escaped from a jail in New Orleans, highlighting the facility’s chronic problems. Derrick Groves was at large for months.
Highest-paying firms increase payouts as the sector’s fortunes reverse, Goldman Sachs report shows
Shut out of full-time work, many jobseekers appear to be doing the next best thing and hunting for a holiday season gig, according to research from the job search platform Indeed.
A privately financed fund aims to retire 20,000 wells at no cost to taxpayers.
A privately financed fund aims to retire 20,000 wells at no cost to taxpayers.
Canadian home sales fell in September, ending a five-month streak of gains as new listings decreased.
European natural-gas prices remained broadly steady as as imports kept the market balanced, according to ANZ.
Trade tensions between the U.S. and China put downward pressure on markets as investors expect a 25-basis-point rate cut this month.
Looming credit-rating decisions risk re-injecting more uncertainty into France’s bond market after a respite this week.
Sartorius said it now expects 7% revenue growth for 2025, compared with 6% previously, as underlying net profit rose 17%.
Giorgia Meloni’s focus on her reputation with investors and on lowering the country’s borrowing costs on its mountain of debt have shaped the Italian premier’s social media messaging strategy.
Food giant Nestlé announced plans to slash 16,000 jobs, just weeks after replacing its chief executive officer. The job reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said Thursday. Bloomberg's Fabienne Kinzelmann reports. (Source: Bloomberg)
India’s state-owned refiners intend to buy more liquefied petroleum gas from the US at the expense of Middle Eastern supplies as part of a planned trade deal, people familiar with the companies’ plans said.
Guy Johnson, Lizzy Burden, Valerie Tytel and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Chinese electric vehicle maker BYD Co. plans to invest in as many as 300 fast-charging stations in South Africa this year as it ramps up efforts to expand globally, Executive Vice President Stella Li in an interview.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Karl Havard, Nscale, Chief Commercial Officer & Arsalan Tavakoli-Shiraji, Databricks, Co-Founder & SVP, Field Engineering. Correct: An on screen graphic incorrectly stated that Australian unemployment is the highest since 2011. It is the highest since 2021, as referenced verbally by the reporter. (Source: Bloomberg)
French investment firm Ardian has raised $20 billion for its flagship infrastructure platform, as there's more appetite for Europe in the industry. The head of infrastructure at Ardian said there's willingness from investors to diversify and invest in Europe because it's a 'stable place'. Mathias Burghardt also said he feels 'frustrated' with the French political instability. He spoke with Bloomberg's Lizzy Burden and Guy Johnson from Paris. (Source: Bloomberg)
President Donald Trump said Prime Minister Narendra Modi had agreed to stop buying Russian crude. India said in a statement that discussions are ongoing and that it will diversify energy sources "as appropriate to meet market conditions." (Source: Bloomberg)
Taiwan Semiconductor Manufacturing Co. hiked its projection for 2025 revenue growth to the mid-30% range. The company also raised the lower end of its capital spending target for the year after reporting a better-than-anticipated 39% jump in profit in the September quarter. TSMC is the go-to chipmaker for Apple Inc. and most of the world’s biggest semiconductor designers. The results show Taiwan’s largest company remains one of the bigger beneficiaries of a spending spree on AI infrastructure. B
UBS Group AG is increasing scrutiny of the sources of client money in its fast-growing Asian wealth hubs, pressing some customers into greater disclosures as the Swiss bank seeks to stamp out the risk of further clashes with regulators.
Why taxpayers now own parts of Intel and MP.
It’s nothing new for the US government to use public money to support private American companies. The Biden administration, via CHIPS and the Inflation Reduction Act, was aggressive about using loans and grants to accelerate US industry. But the Trump administration has been engaged in something more novel: taking direct stakes in US companies like Intel and MP. But what is the legal basis for such action? And what are the advantages and disadvantages of direct equity stakes? On this episode, we
Japan’s largest gold retailer suspended sales of small bullion bars for at least a month, unable to meet frenzied buying interest spurred by the metal’s surge to record highs.
German Chancellor Friedrich Merz called for the creation of a pan-European stock exchange as part of a broader push to help companies deal with competition from the US and Asia.
Bavarian Nordic A/S’s largest shareholder refused to back a sweetened takeover offer for the Danish vaccine maker, casting fresh uncertainty over the deal.
Investors await more financial earnings, plus appearances by a series of Fed officials
India’s tax authorities have raided the local offices of Graviton Research Capital LLP as the country steps up scrutiny of trading firms.
Gold “is overbought at the moment, but it is still underinvested,” according to Michael Widmer, head of metal research at Bank of America. “ETF inflows last month were up 880% year-over-year and that is ultimately a concern,” Widmer tells Bloomberg Television. “From a pure fundamental macro backdrop we’re still looking good,” he adds. “The entry points are coming.”
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Nigeria’s huge Dangote oil refinery has been buying a lot less crude lately amid operational setbacks, something analysts say could persist into next year and keep supporting gasoline prices.
The Swedish private-equity company said it is on track to deliver 30 investment sales this year.
The change was one several the department agreed to make to a tool that has been criticized by the City Council and Zohran Mamdani, the Democratic mayoral nominee.
Zohran Mamdani is stepping up his Jewish outreach, as he holds private meetings with rabbis and other leaders across New York City who oppose his stance on Israel.
Tata Capital Ltd. just completed India’s biggest initial public offering of the year but it turns out that LG Electronics India Ltd.’s smaller deal was the more lucrative job for the banks.
Ten months into his tenure, India’s central bank head Sanjay Malhotra has sent a clear signal to currency traders: the rupee can move a little more freely, but speculators risk getting crushed.
Abu Dhabi’s largest listed company is combining three units to create a sprawling investing behemoth with $33 billion in assets spanning finance, consumer and energy spread across 85 countries.
Turkey’s stocks are close to erasing their year-to-date gains as political uncertainty weighs on sentiment and investors brace for a key central bank meeting next week.
Recruit Holdings Co. is buying back as much as ¥250 billion ($1.7 billion) worth of its own shares, adding to series of repurchases by the company behind the world’s largest employment portal.
Chinese households ramped up their cash holdings last month in a sign that they’ve begun shying away from local stocks just as the market is challenged by renewed trade tensions.
Sterling stayed higher against the dollar and traded steady versus the euro, showing little reaction after data showed the economy grew in line with expectations.
Eurozone bond yields edged higher and Commerzbank said the rally could continue as catalysts remain absent without U.S. data.
Cooking oil could become a new front in the US-China trade war as tensions between the two countries ratchet up. President Donald Trump said that the US is considering terminating imports from China as “retribution” for its refusal to buy American soybeans.
The alleged head of a Cambodian criminal ring and his associates set up a family office in Singapore that claimed to receive tax breaks, while also building relationships with firms backed by state investor Temasek Holdings Pte and spending millions on properties in the city-state.
A group of investors are calling for greater accountability in Toyota Motor Corp. Chairman Akio Toyoda’s ¥4.7 trillion ($31.2 billion) proposal to buy out Toyota Industries Corp., a deal they say lacks transparency and comes at the expense of minority shareholders.
Britain’s economy expanded only slightly in August, rising 0.1% on month and entrenching a period of slow growth.
Reductions account for nearly 6% of consumer goods group’s total workforce
President Trump says the US is locked in a trade war with China, and without tariffs, the country would be exposed as "nothing". Economists have described the latest moves by both sides as attempts to stack up bargaining chips ahead of a likely leaders' meeting later this month in South Korea. Maroun Kairouz, Managing Director at the World Economic Forum told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche more countries are now looking inwards. (Source: Bloomberg)
Jimmy Kimmel told his viewers that in 2018, “Trump shut the government down until they brought back the McRib or something.”
Figure comes ahead of tough November Budget for Rachel Reeves
The company confirmed its 2025 guidance and is targeting annual organic sales growth in the mid-single-digit percentage range and an expansion in profitability over the medium term.
World’s biggest chip manufacturer has benefited as a result of soaring demand
The world’s largest contract chip maker delivered another record quarterly profit, as demand for chips needed for AI and high-performance computing showed no signs of abating.
Abu Dhabi’s Multiply Group, 2PointZero and Ghitha Holding are set to merge through a share-swap deal and create a new entity named 2PointZero Group with assets of about $33 billion. Mariam AlMheiri, Group CEO of 2PointZero spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the merger. (Source: Bloomberg)
Macquarie Asset Management has agreed to sell Aligned Data Centers to a group led by BlackRock's Global Infrastructure Partners, for $40 billion. The acquisition includes an investment from Mubadala's AI company MGX and is the biggest data-center deal in the world to date and the largest private equity deal ever. Ben Way, Head of Macquarie Asset Management spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on why this was the right time for their exit. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Wu Xinbo, an advisor to China's Ministry of Foreign Affairs who also heads Fudan University's Center for American Studies, says Beijing is prepared for worst case scenarios in its trade war with the US. Speaking on "Bloomberg: The China Show," he says China will not beg for negotiations and can walk away from talks without reaching an agreement. (Source: Bloomberg)
The Institute for Fiscal Studies said Chancellor of the Exchequer Rachel Reeves needs to raise the fiscal buffer to almost £50 billion ($67 billion) to have a better-than-even chance of avoiding more tax rises and spending cuts in the coming years. She may need to find as much as £22 billion in her budget just to restore the £9.9 billion margin she had in March. Bloomberg's Lizzy Burden breaks down the numbers. (Source: Bloomberg)
The company said 12,000 of the positions to be cut will be white-collar jobs as it lifts its cost-savings target to $3.77 billion by 2027.
Policymakers from Asia’s largest economies turned out in force this week to defend their currencies as the trade war intensified, and strategists say their mission has only just begun.
Chinese flying taxi maker EHang has been conducting test flights in Thailand in collaboration with local authorities and partners, launching a sandbox in Bangkok for its pilotless electric vertical take-off and landing vehicle or eVTOL. CFO Conor Yang discusses the potential for Thailand to become the first country to have commercial eVTOL operations. He speaks exclusively with David Ingles and Stephen Engle on "Bloomberg: The China Show." (Source: Bloomberg)
The distiller remained upbeat that sales will improve this fiscal year, despite a tough first quarter as drinkers proved restrained in the key U.S. and China markets.
The Taiwanese company’s shares surged in yet another stock jump driven by investor enthusiasm about AI.
Russian oil exports to India could drop as refiners wait for official guidance from New Delhi after President Donald Trump said Prime Minister Narendra Modi had committed to stop taking the crude.
Good morning. The US dangles the possibility of a trade truce with China. Rachel Reeves may need a £22 billion buffer. And read about a $300 trillion crypto mistake. Listen to the day’s top stories.
Pernod Ricard SA reported worse-than-expected sales as a sharp slump in demand in China and clearing out of excess stock in the US hurt the French spirits maker.
The industrial-technology company said Timo Ihamuotila was stepping down and appointed Christian Nilsson as its new financial chief.
Singapore’s sovereign wealth fund has sued Nio Inc. in a US court, accusing the Chinese electric vehicle maker and executives of violating securities laws by inflating revenues.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Canadian Foreign Affairs Minister Anita Anand speaks on Bloomberg's Horizons about the challenges facing her country amid complex geopolitical tensions. (Source: Bloomberg)
Nestlé SA plans to cut 16,000 jobs as new Chief Executive Officer Philipp Navratil seeks to accelerate a turnaround at the Swiss foodmaker.
Investment firm Ardian has raised $20 billion for its flagship infrastructure platform, which is set to invest predominantly in Europe, demonstrating the depth of investor appetite for the region.
Nordea Bank Abp’s income from lending topped analyst estimates as Nordic companies began to seek funds for investments.
India’s market regulator alleged a group of connected traders used unpublished information to bet against Indian Energy Exchange Ltd. via equity derivatives, marking its latest move in a widening crackdown on insider trading.
Energy company ChemOne Holdings Pte. is seeking a $600 million private credit loan to support the construction of its chemical processing complex in Malaysia, according to people familiar with the matter.
The warning is of ‘systemic threat.’ The talk is of mitigation and fixing problems later.
Indonesia’s defense minister signaled the Southeast Asian nation is nearing a deal to acquire China-made J-10 fighter jets, months after officials said they were considering a first purchase of the battle-tested aircraft in efforts to modernize the military.
Consternation over pledge to continue tax raid on big companies and suspend pension reforms
Chancellor’s Sterling 20 initiative will try to make it more seamless for pension funds to back British infrastructure and growth projects
BlackRock and Fidelity International among asset managers betting credit rally has run out of road
A cauldron of new ideas and technologies is more important than ‘build, build, build’
Eleven of the returned contributions were made by people living overseas
Unprecedented funding leads 10 groups including OpenAI and Elon Musk’s xAI to gain almost $1tn in value in past year
Amin Nasser predicts ‘supply crunch’ unless energy companies return to exploration and find new reserves
The US president has floated selling Kyiv a long-range weapon capable of striking Moscow
Growing threats to infrastructure and banks have prompted the Riksbank to focus on making payments networks resilient to attack.
Orsted, a Danish wind farm developer, has been hammered by high costs and President Trump’s efforts to stymie renewable energy. Its struggles are rippling across Denmark.
The president and his family have built a rapidly growing digital assets empire which has been fuelled by the administration’s industry-friendly policies
French premier Sebastien Lecornu appears set to survive two no-confidence motions on Thursday after announcing plans to suspend a contentious pension law in order to win support in the National Assembly.
When Boeing Co. was navigating one of its most difficult periods last year, a relatively unknown plane buyer gave the manufacturer a much needed shot of relief.
Some of the world’s leading conservation nonprofits are exploring a bond tied to the rate of clearing invasive vegetation and a sustainable fund to protect more of South Africa’s wild areas.
Iron ore fell for a third day as the imminent launch of a major new project in Guinea kept prices under pressure, while the market waited for weekly Chinese steel data.
Jobless data has put the prospect of rate cuts front and center for the Reserve Bank of Australia.
Patrick Drahi is used to driving a hard bargain. This time the telecoms tycoon is on the receiving end of a cheap offer — a lowball €17 billion ($20 billion) approach for the bulk of his French crown jewel, SFR. He can reasonably demand a good bump on that.
The president lauded dozens of executives and businesspeople for the “tremendous amounts of money” they have pledged for his project, which has prompted ethical concerns.
All you need to know about the big deal.
The president is weighing whether providing the cruise missiles to Kyiv would help bring Russia to the negotiating table.
Chinese coal prices are creeping higher as the weather becomes more unpredictable and the government expands its supervision of mines in a bid to prevent accidents and curb overproduction.
Escalating trade tensions between the US and China are spurring yuan traders to prepare for greater volatility lasting into early 2026.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Major protests in Ecuador over the government’s plan to stop diesel subsidies are set to end after President Daniel Noboa’s administration and Indigenous organizations agreed to start formal negotiations next week.
The Bank of Japan needs to start thinking about resuming rate increases, board member Naoki Tamura said.
The slump in Japan’s government bond market has a silver lining which is keeping bulls hopeful of market stabilization.
US Treasury Secretary Scott Bessent has dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements. (Source: Bloomberg)
The French department store brand, Galeries Lafayette, is set to make its debut in Mumbai next week, in partnership with Aditya Birla Fashion and Retail. Bloomberg's Menaka Doshi spoke to executives from both companies about their strategy for India's luxury market. (Source: Bloomberg)
A meeting between Japan’s ruling party leader Sanae Takaichi and the heads of an Osaka-based opposition party is boosting shares of companies tied to the nation’s western Kansai region where the city sits, on speculation it’ll benefit under such a coalition.
Chinese local governments are on track to sell a record amount of dim sum bonds as they look to diversify sources of funding.
Argentine President Javier Milei is asking for billions of dollars from the Trump administration to prop up the peso, a departure from his program of free-market revisions of Argentina’s economy.
Foreign investors are piling into South Korean won hedges amid concern the currency market hasn’t fully priced in the downside risks from a $350 billion investment pledge tied to a trade deal with the US.
This week on the podcast: ANZ’s new boss has an ambitious plan to revive the beleaguered lender — but will it work?
To consumers, IMAX is synonymous with big-screen blockbusters. But the company's success has also been built on savvy investments in technology, from creating next-gen film cameras to expanding and upgrading its global network of theatrical systems. On Bloomberg Chief Future Officer, CFO Natasha Fernandes takes Scarlet Fu on a tour of IMAX headquarters outside Toronto, and discusses the financial decisions that provide a foundation for further growth. (Source: Bloomberg)
To consumers, IMAX is synonymous with big-screen blockbusters. But the company's success has also been built on savvy investments in technology, from creating next-gen film cameras to expanding and upgrading its global network of theatrical systems. On Bloomberg Chief Future Officer, CFO Natasha Fernandes takes Scarlet Fu on a tour of IMAX headquarters outside Toronto, and discusses the financial decisions that provide a foundation for further growth. (Source: Bloomberg)
Warner Bros. Discovery Inc. is entering a race to produce original Korean content by teaming up with one of the country’s biggest media conglomerates, seeking to catch early movers Netflix Inc. and Disney.
Chey Tae-won, Chairman of South Korean conglomerate SK Group, secured a temporary reprieve in his divorce settlement case after South Korea’s top court sent it back to a lower court for review.
Imax Corp.’s Chief Financial Officer Natasha Fernandes sees an opportunity to buy back shares at an attractive price in the event of a broader selloff in the entertainment industry.
It was not immediately clear what the president meant and whether the project, known as Gateway, had already been stripped of federal funding.
Unemployment in Australia jumped to its highest level since late 2021, reviving speculation that the Reserve Bank of Australia has more work to do.
Ben Powell of BlackRock Investment Institute says the US and China remain heavily interdependent and both sides will remain constrained when it comes to how aggressive they can be in a trade war. (Source: Bloomberg)
The leader who has long played a hawk in Israeli politics now confronts the challenge of steering the country to the other side of a peace deal.
Utilities are pushing to increase supply, but meeting the surge in demand won’t be easy or fast. Tech companies aren’t waiting around.
A new investment product that brings sophisticated strategies to affluent Indians is set to usher in a fresh era for the nation’s asset managers.
President Bernardo Arévalo called an overhaul of his country’s prison system an “absolute priority” after 20 inmates accused of belonging to the Barrio 18 group were found to have escaped undetected.
The unlikely U.S.-China collaboration is producing frothy markets in Hong Kong, the place where Wall Street and China Inc. meet for mutual profit.
Santos Ltd. trimmed its natural gas production outlook, citing a software failure that stalled a key export project and the impact from floodwaters in Australia.
The layoffs have raised fears that the administration could be effectively ending an initiative that provides contraception for millions of low-income women.
Four of Thailand’s largest banks are expected to post sharp declines in third-quarter net interest income as the nation’s persistently high household debt and weakening economy weigh on their business.
Ten members of Congress wrote in a letter to the governor that a gas pipeline proposed for New York Harbor runs counter to the state’s emissions reductions goals.
The leading mayoral candidate in New York City defended his positions while parrying questions about the Israel-Gaza war.
Apollo Global Management recruited Eiji Ueda, former chief investment officer of one of the world’s largest pensions, to lead its expanding Asia-Pacific business, the $840 billion alternatives giant said.
No president has ever delivered so much so quickly. But Trump’s biggest challenge lies ahead in Xi Jinping’s China.
Gold was steady near a record high as heightened US-China frictions and bets the Federal Reserve will ramp up monetary easing through the end of the year supported demand.
Top officials, unwilling to fight for the historical independence of their institutions, watched on Wednesday as President Trump continued his pursuit of controlling law enforcement.
Federal officials say they have found no evidence of widespread undervaluing of imported appliances after Whirlpool last month accused its rivals of possible tariff evasion.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Research Affiliates’ Que Nguyen, Deutsche Bank’s Brett Ryan, Barclays’ Jason Goldberg, JPMorgan Chase’s Troy Rohrbaugh, Kestra Investment’s Kara Murphy, Ferrari’s Benedetto Vigna, Barclays’ Christian Keller. (Source: Bloomberg)
Land strikes in the country are also possible, Trump said.
Auto-part manufacturer RealTruck Group Inc., facing a slump in its debt to distressed levels, told lenders it uses fundamentally different financing tools than those tapped by First Brands Group, another parts-maker that collapsed into bankruptcy last month.
The firm holds sway over the island’s booming bond ETF market.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Pete Aguilar (D-CA) discusses his frustrations with his Republican colleagues as the government shutdown continues stating "it's pretty shameful" Republican representatives aren't on Capitol Hill to negotiate. Rep. Michael McCaul (R-TX) shares his thoughts on President Trump suggesting Hamas will disarm and what he expects from President Trump's meeting Friday with Ukraine President Zelenskiy. (Source: Bloomberg)
JPMorgan Chase Commercial and Investment Bank co-CEO Troy Rohrbaugh says the bank is starting to see signs of “late cycle” behavior among corporate borrowers. He speaks with Lisa Abramowicz on “Bloomberg The Close.”
With the bodies of 10 people returned from Gaza, Israelis elated by the release of hostages began mourning those who did not make it home alive.
Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August
Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26
Puja Badiyal rushed to finish her jewelry shopping in the northern Indian city of Ludhiana at the weekend, not just because her son’s wedding was approaching fast. She was on a mission to lock in purchases before the dizzying surge in gold prices squeezed her budget any further.
Bloomberg TV’s Romaine Bostick moderates a conversation with Milton Berlinski, Co-Founder of Reverence; Ken Kencel, President and CEO of Churchill Asset Management; and A.J. Agarwal, Senior Managing Director in the Real Estate Group and Co-President and Director of Blackstone Real Estate Income Trust, at the CAIS Summit. (Source: Bloomberg)
Christian Keller, Barclays Head of Economic Research, says the U.S. and China trading relationship remains the “elephant in the room.” He tells Katie Greifeld and Matt Miller on “The Close” that trade tensions could drive U.S. prices higher. (Source: Bloomberg)
Walmart Inc. is on track to join the “elite” crop of companies with a trillion-dollar valuation after its announced partnership with OpenAI powered the stock to a record high, according to Mizuho Senior Consumer Analyst David Bellinger. The alliance with the Sam Altman-led company was unveiled on Tuesday and will allow Walmart shoppers to browse and purchase products directly on ChatGPT by clicking a “buy” button. While the offering won’t include fresh foods, customers will be able to purchase items like packaged foods, apparel and more from both Walmart and its Sam’s Club chain. Bellinger joins Bloomberg Businessweek Daily to discuss his call. He speaks with Carol Massar and David Gura. (Source: Bloomberg)
Tekscend Photomask Corp. will start trading on the Tokyo Stock Exchange Thursday after the maker of semiconductor material concluded a $1 billion initial public offering last week.
Teri Williams, President and Chief Operating Officer of OneUnited Bank, joins Bloomberg Businessweek Daily to discuss the bank's digital-first approach, its customer base, and more. Williams also chats about the bank's WiseOne AI platform and partnership with Google, Salesforce, JPMorgan and Citi. She also discusses how the bank reaches under-banked and unbanked Americans, promotes financial literacy, and more. She speaks with Carol Massar and David Gura. (Source: Bloomberg)
Asian stocks looked poised for a volatile session Thursday, mirroring Wall Street’s swings as investors weighed the uncertain fallout from escalating US-China trade tensions.
Salesforce Inc. projected revenue growth will accelerate to double digits in the coming years, potentially easing investor concerns about the pace of business at the software company.
Representative Dave Taylor of Ohio condemned the symbol as “vile” and said his office was investigating with the U.S. Capitol Police.
The head of the New York Senate committee overseeing gambling said a state gaming board should move quickly to award casino licenses after MGM Resorts International abruptly dropped out of the contest this week.
Oil rose from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had vowed to halt purchases of Russian barrels, a move that could squeeze global supply.
The gift is twice the amount Ms. Scott contributed to the African American Cultural Heritage Action Fund in 2021.
Rep. Pete Aguilar (D-CA) discusses his frustrations with his Republican colleagues as the government shutdown continues stating "it's pretty shameful" Republican representatives aren't on Capitol Hill to negotiate. He also talks about whether or not Democrats have any plans to get involved in the potential firing of federal workers, if there is any support for the proposed California redistricting map, and if Democrats have any strategy towards President Trump deploying the National Guard in large cities. Representative Aguilar speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
The technology company expects revenue to grow between 5% to 10% for fiscal 2026 as it targets higher-growth businesses to improve profit.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Matt Miller Carol Massar and David Gura. (Source: Bloomberg)
Rep. Michael McCaul (R-TX) shares his thoughts on President Trump suggesting Hamas will disarm and talks about how involved the United States should get if Hamas ultimately decides against disarming. He also talks about what he expects from President Trump's meeting Friday with Ukraine President Zelenskiy, his concerns with the ongoing government shutdown and how layoffs might impact the economy, and why he has decided to not seek reelection after 11 terms. Rep. McCaul speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Also, a judge temporarily blocked shutdown layoffs. Here’s the latest at the end of Wednesday.
The investment bank’s deep ties to the auto- parts maker are likely to draw questions at its annual investor day Thursday
Putin won’t negotiate until he pays a higher price for waging war.
Total, the French energy giant, wants the U.S. to stop producing so much.
Good morning. Scott Bessent floats an extension to the Beijing-Washington trade truce. Xiaomi’s fatal accident renews scrutiny of car door handles in China. And Apple updates some of its Pro line with a new chip. Listen to the day’s top stories.
Glass Lewis says it will end its ‘advice’ on shareholder votes.
In this live episode, recorded at Bloomberg’s Investment Management Summit in Singapore, we sit down with Matthew Michelini, head of Asia-Pacific business for Apollo Global Management. We explore his optimism about Japan, driven by its corporate governance reform and the vast $7.5 trillion in consumer deposits. We also discuss how private capital is shaping asset allocation and the challenges posed by intense competition in the private-equity industry.
Ferrari NV CEO Benedetto Vigna says the company's earnings projections are "ambitious," but they always deliver on promises. Vigna also talks about the Elettrica, Ferrari’s first all-electric vehicle, which will reach showrooms toward the end of next year. Vigna speaks on "Bloomberg The Close." (Source: Bloomberg)
Hedge fund billionaire in last-ditch effort to stop democratic socialist frontrunner in race for city hall
Chinese measures to curb the export of rare earths could reignite price pressures in the euro zone if they ripple through the global economy, according to European Central Bank Governing Council member Madis Muller.
The response to a new visa for skilled foreign workers has caught even the Chinese government by surprise.
He has secured a place in history, but the midterm elections are another matter.
Why America should care about a South Asian skirmish.
Beta Technologies Inc., a company making electricity-powered aircraft, is seeking to raise as much as $825 million in an initial public offering, proceeding despite the US government shutdown.
Representative Mikie Sherrill has a six-point edge over her Republican opponent, Jack Ciattarelli, according to a new Quinnipiac University poll.
AI providers need to show enterprise customers the value of the products, not just tell them, says Rebecca Wettemann, CEO and principal analyst at Valoir. Wettemann discusses the AI push Salesforce is making with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Even within the industry, few have heard of Radiant World. But its rapid growth has rattled the world's iron ore market and drawn attention from China.
Who would have imagined I’d ever praise something Trump did in the world of foreign policy?
The company’s decision to move production could lead to it defaulting on agreements made with the government to maintain a factory footprint in Ontario, said Industry Minister Melanie Joly.
Thomas Martin, senior portfolio manager at Globalt Investments, says the market is not in an AI bubble because real money is being put to work developing AI. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Some stores are rounding transactions to the nearest nickel and encouraging customers to pay with plastic, citing the Treasury Department’s decision to phase out the penny.
President Donald Trump says San Francisco could be the next target for a federal crime crackdown. “I’m going to be strongly recommending at the request of government officials, which is always nice, that you start looking at San Francisco,” Trump said during a White House event on Wednesday, joined by FBI Director Kash Patel and Attorney General Pam Bondi. (Source: Bloomberg)
Today on the Big Take: Gold thrives in times of uncertainty. But the scale and the speed of today’s rally exposes deeper concerns about the global economy.
The Chicago-based carrier said that revenue per available seat mile was down 4.3% in the third quarter, but should meaningfully improve in the fourth quarter that includes the busy holiday travel season.
The logistics company said operating income from its combined truck-rail business increased 12% in the third quarter due to improved network balance and efficiency.
The industrial real-estate owner’s revenue climbed 9% year-over-year in the third quarter.
D-Wave has announced an agreement with Swiss Quantum Technology to deploy its most advanced quantum processor to date, the Advantage2. D-Wave CEO Alan Baratz discusses the company’s expansion in Europe with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Traders are piling into wagers calling for at least one outsized Federal Reserve interest-rate cut by year—end, betting on the potential for more aggressive policy than other market watchers currently foresee.
Wall Street’s biggest financiers say the economy remains healthy.
A group of investors holding Vale SA’s perpetual local bonds is pushing for better terms after the Brazilian miner proposed a $3 billion buyback, according to people familiar with the matter.
Reserve Bank of Australia Governor Michele Bullock characterized the country’s monetary policy as “marginally tight” and added that her job guiding interest rates isn’t finished.
The three companies are the remaining contenders for downstate casino licenses after MGM Resorts International’s withdrawal on Tuesday.
JPMorgan Chase Commercial and Investment Bank co-CEO Troy Rohrbaugh discusses the company's plan to invest $10 billion in US national security, the outlook for the banking pipeline and the state of the private credit market. Speaking with Lisa Abramowicz on "Bloomberg The Close," Rohrbaugh says the banking pipeline is very robust and sees a lot of growth opportunities internationally. (Source: Bloomberg)
The Palestinian militant group said it needed special equipment to locate and extract the remaining remains.
The group had challenged the president’s executive orders as unconstitutional. A judge “reluctantly” said the suit was too broad in scope.
Candlestick Capital Management Founder Jack Woodruff said he expects shares of United Airlines to more than double in the next two years.
Gov. Gavin Newsom of California vetoed bills that would have provided tangible benefits to descendants of slavery, though he approved a state agency to determine who qualifies for potential reparations.
China seems likely to push for tougher safety standards on electric vehicle doors after a fatal crash involving a Xiaomi SU7 electric sedan. Bloomberg’s Craig Trudell joins Caroline Hyde on “Bloomberg Tech” to discuss the growing global concerns about flush door handles on EVs. (Source: Bloomberg)
BlackRock Inc. is stepping further into the floating-rate debt arena, just as the Federal Reserve has resumed lowering borrowing costs.
Fewer pregnant women, children and people over 65 are getting the flu shot. That’s a problem, Bloomberg Opinion columnist Lisa Jarvis says. (Source: Bloomberg)
Defense Secretary Pete Hegseth offered unusually strong criticism of Russia, just as Ukraine seeks American Tomahawk missiles.
Real estate investment trust Prologis saw its shares rally Wednesday after the company reported better than expected earnings and the expected pursuit of data center opportunities. Incoming CEO Dan Letter believes the marketplace to be in the midst of a "classic real estate cycle right now," with big, well-capitalized customers leading the way. He joined Carol Massar and David Gura on 'Bloomberg Businessweek Daily' to break down the company's direction and macro economic trends. (Source: Bloomberg)
When President Javier Milei of Argentina faced an economic meltdown, President Trump vowed to come to his aid. But that lifeline is coming at a cost.
On today's episode of Bloomberg Businessweek Daily, Carol Massar and David Gura discuss the latest Federal Reserve Beige Book, showing that US economic activity is little changed in recent weeks. Bloomberg's Michael McKee and Molly Smith join the show to break it down. Also on today's show, Prologis incoming CEO Dan Letter talks third quarter earnings and the company's push into AI data center spaces, and Bloomberg's Mark Gurman breaks down Apple's move away from China toward Vietnam for the production of its latest home devices. (Source: Bloomberg)
Carlyle has agreed to take over BASF's coatings business, creating a standalone company with an enterprise value of $8.9 billion. Martin Sumner, Global Head of Industrials at Carlyle, discusses the deal on "Bloomberg Open Interest." Interview occurred on October 13, 2025. (Source: Bloomberg)
SL Green’s deal to buy the 36-story building in Midtown Manhattan shows momentum for desirable office space in prime locations is heating up.
Last weekend’s crypto selloff is no cause for panic, according to MIT’s digital currency expert. In fact, it’s proof that the market is operating as designed: experimentally.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Deep Fission Co-Founder and CEO Liz Muller, Bloomberg's Alison Williams, Paul Davies, Kurt Wagner and Michael McKee. (Source: Bloomberg)
The two groups are the latest financial institutions to be accused of benefiting from deceased financier’s sex trafficking
Apple has updated its top-of-the-line products including its iPad Pro, Vision Pro headset and 14-inch MacBook Pro. Bloomberg’s Mark Gurman discusses the changes and the company’s plans and promises to build in India and China. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Apple Inc. is preparing to expand its manufacturing operations in Vietnam as part of a push into the smart home market and an ongoing effort to lessen its dependence on China. A range of new home devices are being developed for next year. Bloomberg's Mark Gurman reports. (Source: Bloomberg)
Brown was the second university to turn down the deal, which would have given a funding preference to universities that agreed to certain requirements.
ASML orders are going to need to ramp up to meet the amount of AI capacity that has been announced in recent tech and data center deals, says Andrew Gardiner, head of European technology equity research at Citi Research. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Hamas has held tight control over coverage, and the peace plan is unlikely to change that.
A judge in temporarily blocked firings of federal union workers amid the ongoing government shutdown, causing the Trump administration to pause new layoff efforts. This comes after Office of Management and Budget director Russ Vought said he expected the number of workers let go from their jobs because of the shutdown to top ten thousand. Bloomberg's Laura Davison reports. (Source: Bloomberg)
Unstated when Federal Reserve Chair Jerome Powell indicated Tuesday that the central bank is likely to stop shedding Treasury securities from its balance sheet in the coming months was the role of the Treasury Department in setting the stage.
Representative Kevin Kiley of California has criticized his own party for keeping the House out of session during the shutdown. He is battling boredom and disaffection as the stalemate drags on.
Galaxy Digital is courting everyday investors with a new banking platform called GalaxyOne that is being led by Zac Prince, the co-founder and former CEO of BlockFi, a retail-focused wealth management platform that filed for bankruptcy after the collapse of cryptocurrency exchange FTX. Prince joins Scarlet Fu on "Bloomberg Crypto". (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from DC. On today's show, Democratic Congressman Sam Liccardo of California, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Arbroath Group Managing Partner Christopher Smart. (Source: Bloomberg)
Just days after the latest crop of hyper-leveraged products tested the outer edges of regulatory tolerance, a new ETF proposal is doubling down — literally.
Overall, the most recent digital token wipeout became the largest crypto liquidation event of all time, according to Coinglass — far larger than the previous record-holder: 2021’s $10 billion rout on rumors of a US crypto crackdown. Over the same time frame, about $380 billion was erased from the total market value of all cryptocurrencies in circulation. Bloomberg's Lauren Tara LaCapra reports on "Bloomberg Crypto". (Source: Bloomberg)
Christopher Smart, managing partner at the Arbroath Group and former National Economic Council official, says that any decoupling between the US and China will cause waves for the global economy as President Trump remains narrowly focused on securing an advantageous trade deal. (Source: Bloomberg)
The singer and songwriter’s art of elegant seduction never required him to raise his voice, or lose his desperation, humor or awareness.
His colorful men’s nightwear was like something made on Savile Row in London — perfect, pricey — except that it was rarely seen outside the bedroom.
U.S. natural gas futures settled lower ahead of weekly inventory data, with mild October weather keeping the front month trading each side of $3.
The most recent digital token wipeout became the largest crypto liquidation event of all time, according to Coinglass. Neha Narula, director of the Digital Currency Initiative at the MIT Media Lab, talks with Bloomberg's Scarlet Fu on "Bloomberg Crypto". Narula is also on the board of directors for Block and the Innovation Advisory Council for the Federal Reserve Bank of New York. (Source: Bloomberg)
Securitize, a blockchain firm that tokenizes investments, is in talks to go public via a blank-check company started by Cantor Fitzgerald LP. Bloomberg's Crystal Tse has more on the story. (Source: Bloomberg)
Sanjay Malhotra said talks are under way to lower tariffs, and success would help lift the economy.
The layoffs come ahead of a corporate spinoff that will formally separate the parent company of NBC News from cable networks like MSNBC and CNBC.
Cliff Young, chair of Public Affairs for Ipsos, says that while voters blame lawmakers across both parties for the current government shutdown, Republicans are faulted slightly more for their role in the funding fight. (Source: Bloomberg)
California nuclear energy startup Deep Fission Inc. has signed nonbinding deals with customers, including data center operators, for 12.5 gigawatts of power. That’s the equivalent of more than 12 traditional reactors.
US economic activity was little changed in recent weeks and employment levels held largely stable, the Federal Reserve said in its Beige Book report. Mike McKee and Molly Smith break down the data on Bloomberg Television.
Democratic Representative from California Sam Liccardo said the two parties can negotiate an end to the shutdown if House Speaker Mike Johnson is willing to call the chamber back into session and allow talks. (Source: Bloomberg)
Energy firm Deep Fission is aiming to provide 12.5 gigawatts of power for data centers. Amid a deluge of nuclear power investments, CEO and co-founder Liz Muller says “froth” will fade fast as costs and timelines clarify. She spoke with Scarlet Fu on "Bloomberg Markets". (Source: Bloomberg)
Treasury Secretary Scott Bessent says ‘private sector solution’ is in the works as the U.S. looks to expand a lifeline for ally Javier Milei
On Wall Street, everyone’s a friendly rival until the losses start.
More Wall Street strategists are now looking for the Federal Reserve to stop shrinking its massive portfolio of securities sooner than previously expected after Chair Jerome Powell signaled the process could end in coming months.
The executives of some of Britain’s biggest energy suppliers are warning the government’s push to invest in the power grid could drive up consumer bills in the coming years.
The proposals would transform a program aimed at helping the most vulnerable people in the world into one that gives preference to mostly white people who say they are being persecuted.
US economic activity was little changed in recent weeks and employment levels held largely stable, the Federal Reserve said.
A new lawsuit accuses the bank of maintaining a relationship with the convicted sex offender and failing to report suspicious activities until after his 2019 death.
Meta Platforms Inc. is building a new gigawatt-sized data center in Texas to advance its artificial intelligence efforts, the latest in a string of significant investments by the company as it looks to keep pace in the competitive AI industry. Bloomberg's Kurt Wagner has the story. (Source: Bloomberg)
Wall Street’s biggest banks are taking advantage of rising stock underwriting after a powerful equity rally reignited the IPO market, fueling double-digit percentage gains in advisory revenue.
The flow of imports at America’s busiest seaport dropped for a second month in September even as the total volume hit a record high in the third quarter, as US businesses continue to navigate volatile US trade policy.
The development comes as the U.S. military is drawing up options for President Trump to consider, including possible strikes inside the country.
An influence campaign has relied on allies of the president, including Rudolph W. Giuliani, to cast a Serbian politician as a victim of political persecution.
Wall Street’s banner first half in trading was based on handling tariff-induced market chaos. The third quarter showed the biggest banks can also seize on the stock market’s steady march higher.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Armored vehicle and munitions maker Czechoslovak Group AS is in preliminary talks with a select group of prospective investors as it considers going public in early 2026, in what could be Europe’s first sizable initial public offering of the new year.
Elon Musk resumed his legal fight — this time before the Delaware Supreme Court — to reinstate a record-setting 2018 Tesla Inc. pay package that was twice thrown out by a lower court judge.
Media outlets reported that US Treasury Secretary Scott Bessent outlined financial aid that would total $40 billion to Javier Milei’s government, double the previous pledge. Bloomberg's Mike McKee has the story. (Source: Bloomberg)
Also 18/5 stock trading on 24 Exchange and Nobel Prize betting on Polymarket.
Copper’s surge is spurring Chinese smelters to step up shipments abroad, lured by near-record prices in London while higher costs deter buyers at home.
Federal Reserve Governor Christopher Waller says he’s hopeful artificial intelligence will drive productivity growth without triggering inflation. He speaks as part of 2025 DC Fintech Week.
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." More bank earnings roll in with Bank of America and Morgan Stanley posting beats on 3Q trading revenue. A parade of data centers deals continues as the energy industry rushes to keep up with AI demand. HSBC's Frank Lee shares his bullish outlook on Nvidia, raising the price target on the stock to a Street-high of $320. Plus, Blue Owl Chief Marc Lipschultz pushes back on JPMorgan CEO Jamie Dimon's "cockroach" warning, in a fierce defense of private credit. (Source: Bloomberg)
Circumcision is the latest example of Kennedy seizing on a hot-button issue that already has entrenched and aggressive internet partisans.
US regulators are set to release a plan to encourage small banks to lend more by easing a set of capital requirements, according to people familiar with the matter.
Los Angeles is planning to borrow nearly $1 billion to revamp its convention center ahead of the 2028 Summer Olympics — an undertaking that risks straining the city’s already tight budget.
The justices on the state Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Galaxy Digital Managing Partner and BlockFi Co-Founder and Former CEO Zac Prince and MIT Media Lab Director of Digital Currency Initiative Neha Narula. (Source: Bloomberg)
France can’t afford to fixate on short-term fiscal challenges and must find credible solutions for reducing its deficit, according to the country’s central-bank chief.
US households will see their winter electric bills climb by the most in three years, according to the Energy Information Administration.
Scott Bessent says Washington will retaliate if Beijing proceeds with policy on rare earths and critical minerals
Understanding the bond market basket case.
KPMG has cut 195 people from its US audit business to counter low employee turnover rates and changes in how it conducts its core business.
HSBC's Frank Lee shares his bullish outlook on Nvidia, raising the price target on the stock to a Street-high of $320. (Source: Bloomberg)
Pharmaceutical company Pharmanovia has held a call with its lenders to allay concerns about its performance this year, according to people familiar with the matter.
Reserve Bank of India Governor Sanjay Malhotra says the rupee is undergoing a “correction, in some sense” as it had largely remained “range bound,” while other emerging markets currencies had depreciated in response to the US tariffs. The RBI says weakness in the rupee is driven by speculative attacks, according to a person familiar with the matter. Malhotra spoke at an IMF event in Washington DC. (Source: Bloomberg)
Mattias Ericksson, BlackBerry QNX President, joined Matt Miller on "Bloomberg Open Interest" to discuss the company's latest SDV Developer report. It found developers view AI-driven personalization and full vehicle autonomy as the defining features of software-defined vehicles by 2030. (Source: Bloomberg)
First Horizon Corp. shares plunged after management mentioned possible plans to acquire another bank, dashing hopes that the lender would instead be a takeover target.
The absence of an agreement doesn’t mean an employer has bargained in bad faith.
A video this week captured Hamas fighters in Gaza executing Palestinian rivals as the militant group tries to assert that it is still the dominant force in the territory after two years of war with Israel.
General Motors Financial Co. sold $2 billion of auto loans to at least one investor in a private deal last quarter, a rare case of the auto lending giant turning to non-public markets to get financing, according to people familiar with the matter.
A boom in dealmaking and higher spending point to a healthy economy, while bears are watching frothy stock prices and a weakening job market.
Some G.O.P. officials who participated in a monthslong online chat are losing their jobs or being pressured to resign.
Coast Capital Savings Federal Credit Union is looking to sell around C$200 million ($143 million) of subordinated notes next week, according to people familiar with the matter.
China’s retaliatory port fees on US-linked vessels are reverberating through markets for American crude as concerns ramp up over continued trade between the world’s biggest economies.
President Donald Trump suggested the $20 billion lifeline the US is planning for Argentina could be contingent on libertarian leader Javier Milei's success in the midterm elections. “If he wins we’re staying with him, and if he doesn’t win we’re gone,” Trump told reporters Tuesday, adding that the governments also planned to discuss a potential free trade agreement. (Source: Bloomberg)
US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies. Trump on Tuesday cast the potential move as retaliation against Beijing for its refusal to buy American soybeans, which he said “is an Economically Hostile Act” that is purposefully “causing difficulty for our Soybean Farmers.” China remains well supplied with the oilseed, largely thanks to South American purchases. Bloomberg's Mike McGlone reports. (Source: Bloomberg)
Octopus Energy, EDF and E.On executives challenge Labour’s pledge to reduce energy costs
Former Treasury Secretary Lawrence Summers said it's too early to judge the Trump administration's rescue plan for Argentina, but he does say it's an "unconventional" arrangement. "The United States should take a leadership role" to help countries facing a sudden loss of liquidity, Summers said on Bloomberg Television's Wall Street Week with David Westin. "I'm somebody who's a strong believer that the United States has to support global financial stability." (Source: Bloomberg)
Energy Transfer LP has pushed back its targeted final investment decision for the proposed Lake Charles liquefied natural gas export project in Louisiana to the first quarter of 2026 from the end of this year, according to people familiar with the matter.
Three MEG Energy Corp. shareholders said they have filed complaints with the Alberta Securities Commission, claiming the MEG board failed to prioritize investor interests by allowing Cenovus Energy Inc. to buy shares after sweetening its offer last week.
If you’ve joined us at a Women, Money & Power conference or participated in the New Voices initiative, you’re part of a global network of leaders transforming the financial landscape. Now, there’s a new way to stay connected.
Argentina’s sovereign bonds jumped Wednesday after media outlets reported that US Treasury Secretary Scott Bessent outlined financial aid that would total $40 billion to Javier Milei’s government.
Investors led by BlackRock Inc.’s Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, one of the asset manager’s largest infrastructure investments ever that comes as Wall Street races to claim a stake in the artificial-intelligence boom. Bloomberg's Caroline Hyde reports. (Source: Bloomberg)
Nordic Capital and Permira raised their takeover bid for Bavarian Nordic A/S, seeking to win over shareholders after an earlier offer met resistance from key investors.
Shares of Bunge and other agricultural companies are rising thanks to threats of a ban on used cooking oil – a key ingredient needed to produce renewable fuels.
Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy.
The Fars news agency, which is affiliated with Iran’s Revolutionary Guards, identified them as Cécile Kohler and Jacques Paris. France has called the accusations against them baseless.
A new US bank that aims to serve emerging tech firms in sectors such as crypto and artificial intelligence has received conditional approval to operate from the Office of the Comptroller of the Currency.
Canadian leaders blame the move by Stellantis to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase production in the United States.
Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Co. ahead of its earnings, confident that the world’s leading chip foundry will remain one of the biggest winners from the AI spending boom.
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
Economists have two views of the economic landscape, according to The Wall Street Journal’s latest quarterly survey.
The Pentagon is bolstering its military assets in Guam with the “latest and greatest technology” to deter Beijing.
Economists have two views of the economic landscape, according to The Wall Street Journal’s latest quarterly survey.
A union representative says it’s unclear what will happen to the thousands of workers employed in a Toronto-area factory after Stellantis NV announced it’s moving its Jeep Compass SUV production to the US.
Stablecoins can become a danger to financial stability if not guaranteed and managed properly, according to a top European Union policymaker.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
It’s time for Italy to ratify the European Stability Mechanism bailout fund that new euro member Bulgaria is already preparing to sign, European Stability Mechanism Chief Pierre Gramegna said.
For a few years, there was no hotter topic in British politics than bankers’ bonuses. They were used as proof of everything that had gone wrong pre-2008. The public mood was summed up by that Harry Enfield sketch of a red-jumpered Question Time audience member that, comedic cliche though it may have become, still makes me belly-laugh. I’m posting it here to brighten up your Wednesday tea time:
For much of this year, Bitcoin had been asserting itself as a new kind of portfolio diversifier on Wall Street — a digital counterpart to gold for mainstream investors looking to hedge against fiscal excess, inflation and more.
Bank earnings are as good a substitute as we’ll get for insights into the US economy amid a government data vacuum. The numbers from the big banks have been looking good but smaller lenders could tell us more about pockets of weakness. With support from falling interest rates, US equities can disregard these for now, along with simmering trade tensions, and continue to march higher.
The central bank confronts “no risk-free path” in balancing the risk of a sharp slowdown in the labor market and resurgent price pressures.
The conversation heats up on social media.
The inquiry is focused on $10 million that the charity received last year, then gave to political committees that helped Gov. Ron DeSantis defeat a ballot measure.
Morgan Stanley Chief Executive Officer Ted Pick said his bank might buy back shares at a “slightly higher cadence” after repurchasing just over $1 billion in the third quarter.
Bally’s Corp. is in a standoff with its lenders, a battle that could have consequences for the junk-rated casino operator and Chicago’s underfunded pension plans.
Xi Jinping’s need to project strength before a crucial meeting of Communist Party leaders may help explain why Beijing announced new rare earth controls.
Colonel Michael Randrianirina, whose army faction seized power in Madagascar on Tuesday after weeks of deadly anti-government protests, said he will be sworn in as president.
JPMorgan Chase & Co. set aside the most money for loan losses since the height of the pandemic, matching CEO Jamie Dimon’s warnings about some cracks in credit quality. Other Wall Street banks seem less concerned.
SMBC Nikko Securities Inc.’s planned integration with Jefferies Financial Group Inc. will likely go beyond just bringing together their equity businesses, with ties also possible in other investment banking areas, its chief executive officer said.
Democrats would be in danger of losing around a dozen majority-minority districts across the South if the court struck down part of the Voting Rights Act.
The Argentine peso dropped and short-term local interest rates soared as the latest pledge of support by the US generated confusion among investors.
A startup backed by Wall Street’s biggest banks is making headway in a push to bring electronic trading to one of the final holdouts.
Treasury Secretary Scott Bessent says the US wants to help China, not hurt it, but he says the US and its allies will not let China control the global supply of rare earths. Bessent also said the US could delay implementation of additional 100% tariffs on China. "All that’s going to be negotiated in the coming weeks” before Chinese and US leaders meet in South Korea, he said during a press conference at the Treasury Department Wednesday morning. (Source: Bloomberg)
Patrick James borrowed billions — even after presiding over a string of failed businesses
European Central Bank Governing Council member Joachim Nagel said there are currently no grounds to change interest rates, warning that some inflation components need continued vigilance.
The US has “a tortoise of an economy and a hare of a market,” says David Kelly, chief global strategist at JPMorgan, as he explains why investors should diversify their portfolios away from the United States and where they should be looking. (Source: Bloomberg)
Two brothers, both recent Massachusetts Institute of Technology graduates, are going on trial this week in a case that promises to shed light on a secretive and controversial cryptocurrency trading strategy.
A set of investors in distressed chemicals firm Kem One SASU’s bonds is asking other debtholders to join a cooperation agreement, according to people familiar with the matter.
Theresa Fusco was left in the woods near the roller rink where she had worked. Three men were wrongly convicted, but authorities said they now have the real culprit.
India has the capacity to purchase an additional $15 billion of oil from the US, a senior commerce ministry official said Wednesday, signaling New Delhi’s intent to speed up trade talks and get a deal.
Target market for Erebor will be businesses that are part of America’s ‘innovation economy’
U.S. natural gas futures were trading around the $3 level with buoyant LNG demand compensating for weak weather-driven demand.
Turkish officials are discussing appointing new policymakers to the central bank’s rate-setting committee ahead of the retirement of one of its most hawkish and investor-friendly members next year, according to people familiar with the matter.
After the Boeing Starliner flop, the Japanese aim to make the HTV-X a reliable option for resupplying the space station.
Stocks rallied on Wednesday, as strong earnings from big banks helped investors shrug off fears around an escalating trade war between Beijing and Washington.
The move would allow county officials to provide financial aid to those affected by Immigration and Customs Enforcement raids.
Morgan Stanley and Bank of America both beat Wall Street estimates for third quarter earnings. It was a very special quarter for Morgan as its trading revenue finally surpassed that of rival Goldman Sachs. Goldman has dominated the equity-trading business in recent years. Bank of America also reported earnings that beat estimates on higher investment banking revenue. Bloomberg's Sridhar Natarajan reports on "Bloomberg Open Interest." (Source: Bloomberg)
Rene Benko was sentenced to two years in prison by an Austrian court for insolvency fraud, Agence France-Presse reported.
French bonds see best day since July as political risks ease but Europe economist, Melanie Debono, doesn't think it will last and says an election there won't necessarily get French markets back on track. Melanie Debono, Senior Europe economist at forecasting firm Pantheon Macroeconomics speaks with Bloomberg's anchor Guy Johnson, Anna Edwards and Lizzy Burden Guy on 'The Opening Trade'. (Source: Bloomberg)
The meeting in Moscow between President Vladimir V. Putin of Russia and President Ahmed al-Shara of Syria showcased the adaptability of two leaders once at odds.
The head of the UK’s foreign office is pushing China to allow Britain to rebuild its embassy in Beijing, just as Keir Starmer’s government deliberates its own decision whether to let China go ahead with a new mega-embassy in London.
Russian exports of refined fuels have slumped to their lowest since the onset of the Ukraine war, underlining continued strain on the country’s refineries targeted by Kyiv’s drone attacks.
Labor groups are set to square off against the Trump administration one day after the president renewed his threat to cut “Democrat programs.”
Labor groups are set to square off against the Trump administration one day after the president renewed his threat to cut “Democrat programs.”
The Great Storm of 1987 was a forecasting blunder that left at least 18 people dead, felled 15 million trees and caused a billion pounds’ worth of damage.
The fighting, along the countries’ border, also injured more than 100 people. Tensions have sharply escalated over the past week. Both sides accused the other of striking first.
The Facebook page was taken down for “violating our policies against coordinated harm,” according to Meta.
Hillenbrand has agreed to be acquired by private-equity firm Lone Star Funds for about $2.25 billion.
CoreWeave and Poolside announce partnership for a data center built on a sprawling ranch in West Texas.
CoreWeave and Poolside announce partnership for a data center built on a sprawling ranch in West Texas.
Welcome to the Brussels Edition. I’m John Ainger, Bloomberg climate and energy reporter, bringing you the latest from the EU. Make sure you’re signed up.
ASML posted stronger-than-expected orders in the third quarter and said sales next year would be at least on par with 2025, as AI fueled demand for its chip-making machines. LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing. Revenue rose 1% on an organic basis, snapping two quarters of declines. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden. (Source: Bloomberg)
S&P Global struck a deal to buy markets data and analytics firm With Intelligence for $1.8 billion, expanding its data coverage and reach across private markets.
JPMorgan Chase & Co. is selling investment-grade bonds in three parts on Wednesday, joining rival Goldman Sachs Group Inc. in raising debt after reporting third-quarter earnings.
The International Monetary Fund said that global public debt is on track to exceed 100% of GDP by the end of this decade, its highest level since 1948, in the aftermath of World War II.
Factory activity in New York state swung into positive territory in October as orders and shipments picked up.
the discount retailer backed its guidance for the third quarter and full year and said it’s targeting earnings growth of up to 10% annually through 2028.
BlackRock’s new artificial-intelligence infrastructure consortium agreed to acquire Aligned Data Centers from Macquarie Asset Management in a deal valuing the company at about $40 billion.
The State Department’s X account listed six examples of people whom it said had made comments about the assassination of Mr. Kirk, a right-wing activist, and said it was withdrawing their visas.
Lone Star Funds plans to acquire US plastic parts and equipment maker Hillenbrand Inc. in an all-cash transaction valuing the target at around $3.8 billion including debt.
Morgan Stanley’s stock traders topped expectations in the third quarter as revenue from trading stocks surged 35% to $4.12 billion. The firm also got a boost from better-than-expected investment-banking fees. Scarlet Fu reports on Bloomberg Television.
Dubai Investments PJSC has picked banks to help list a unit behind one of the emirate’s largest mixed-use developments, according to people familiar with the matter, joining a wave of firms tapping the city’s property boom.
Wall Street giants are reporting blowout results for their most recent quarter. But they are getting worried about what lies ahead.
Blue Owl Capital Inc.’s co-chief executive officer, Marc Lipschultz, said on Tuesday, “we’re not seeing rising defaults, we’re not seeing companies struggling,” while banks might want to look at their own books for any “cockroaches.” Lipschultz’s comments came hours after JPMorgan Chase & Co. CEO Jamie Dimon said the collapses of Tricolor Holdings and First Brands Group should serve as warnings for credit markets.
The global activist gets candid in her new memoir. She spoke with us about struggling with panic attacks, finding her personal style and changing her mind about what marriage could be.
The investment giant readies a new business unit after President Trump issues an executive order regarding the inclusion of private assets in retirement plans.
As carbon “super sponges” and vital climate-resilience tools, mangroves highlight how nature underpins economic stability. With more than half of global GDP reliant on healthy ecosystems, nature loss poses substantial risks and opportunities. In this episode of ESG Currents, BI ESG analysts Grace Osborne and Chris Ratti speak with the WWF’s Global Lead of the Carbon Finance & Markets Taskforce, Rueban Manokara and John Morton, Executive Managing Director of Nature Finance and Investment, to
“AI has become the new UI,” says Amit Zavery, ServiceNow’s president, chief product officer and COO, referring to the user interface as he explains why the company is building an agentic operating system, an AI control tower to govern models and agents and end-to-end orchestration that goes beyond chat to complete work across human resources, IT, customer-service and customer-relationship management. In this episode of the Tech Disruptors podcast, Zavery and Anurag Rana, senior technology analys
Armando Codina, a Cuban-American developer known for huge master-planned suburbs in South Florida, is listing his waterfront mansion for $45 million and moving to a luxury rental-apartment building under construction by his company.
Nvidia Corp. added another bull on Wednesday, as HSBC upgraded the chipmaker to buy from hold, citing the ongoing growth of artificial intelligence.
Abbott Laboratories backed its full-year outlook after posting higher sales in the third quarter, boosted by sales of its nutrition shakes and drinks for adults
Every market jolt this year — from April’s tariff scare to September’s tech pullback — has met the same reflex on Wall Street: more ETF buying. That collective impulse has now pushed US exchange-traded fund inflows past $1 trillion, the fastest asset haul the industry has ever seen.
Revival in core Wall Street businesses has powered gains across America’s biggest banks
Agriculture is Brazil’s biggest source of greenhouse gas emissions. With climate talks set to get underway in the country next month, the industry is making the pitch that it’s a climate leader that can help cut planet-warming pollution.
South Korea’s efforts are part of a widening international crackdown on criminal groups running online fraud schemes from Southeast Asia.
It’s far from perfect, but the UK’s spending is broadly controlled and employment is high
Demand jumped to the highest in more than a year at Poland’s local-currency bond auction on Wednesday, kicking off a potentially record-setting quarter for offerings to cover a widening fiscal shortfall.
Lessons from a pivot to Asia that never comes
Hamas has handed over the bodies of eight people, but says it is struggling to find the remains of others in Gaza after two years of war.
Investors led by BlackRock Inc.’s Global Infrastructure Partners agreed to buy Aligned Data Centers in a deal that values the company at $40 billion, including debt.
The New York Islanders kicked off their hockey season with three straight losses. The US men’s soccer team has aims to make a deep run in next year’s World Cup. Soon, investors may be able to put a price on those performances.
Bank of America Corp. reported third-quarter earnings that beat estimates as investment-banking activity increased, while net interest income climbed to $15.2 billion. Christopher Marinac of Janney Montgomery Scott examines the results.
PNC Financial Services Group logged higher profit and revenue in the third quarter as it continued adding customers.
Croatian state-owned oil pipeline operator Janaf d.d. is seeking to diversify its business with new clients and renewable energy as its biggest customer is now under US sanctions, according to Vladislav Veselica, a management board member at the company.
Cuts to transportation and energy. Funding for food assistance and the military. Here’s the latest from the shutdown.
Keir Starmer has been under pressure over dropping of charges against two British men
The longer the dispute drags on, the more likely it is that vessel owners — and the consumers they serve — will suffer.
The funds will go to speed up development of AI and mobile-network technologies, building on an agreement the company currently has with the Canadian government.
President Ahmed al-Shara is making his first trip to Moscow, which backed the regime his rebels overthrew. Both sides have reasons to put the past aside.
The bank’s quarterly profit rose 23%, highlighting healthy consumer activity and a busy summer in its investment banking division.
The bank’s profit rose 23%, highlighting a strong economy and investment banking results.
Good morning. Cooking oil becomes the latest pawn in the US and China’s trade battle. Donald Trump threatens to take the World Cup away from Boston. And the cost of natural disasters mounts. Listen to the day’s top stories.
Wall Street bosses and nervy investors throw shade as losses sting
The potential end of the conflict with Hamas is spurring foreign investors to re-engage with Israel’s startup and venture community.
Moody’s report shows a decline in debt maturing over the coming five years, but a closer peak that might elevate market risks.
South Africa’s biggest farming lobby said the nation’s rural roads are in a state of “crisis” and is working with government organizations to improve them and keep agricultural goods moving.
Private lenders could replace 15% of traditional fixed-income investment, according to Bloomberg Intelligence’s Fall 2025 private credit survey published Wednesday, as links between private and public markets strengthen.
Synchrony Financial logged higher profit and revenue in the third quarter as it returned to purchase volume growth, driven by stronger spending trends.
Find insight on JPMorgan, Goldman Sachs, Citigroup and more in the latest Market Talks covering Financial Services.
Wall Street chiefs have hinted at credit stress and a cooling economy.
Turkey will hold its first 5G spectrum auction on Thursday, in a deal worth at least $2.13 billion that’s expected to launch a new round of network spending by the country’s mobile operators.
A hot-mic moment suggested a blurry line between the U.S. president’s roles as political leader and businessman.
Banks might want to look at their own books for any “cockroaches,” Blue Owl Capital Inc.’s co-chief executive officer, Marc Lipschultz, said on Tuesday, standing in fierce defense of private credit.
The telecom operator, owned by billionaire Patrick Drahi, rejected a joint non-binding offer to buy a large part of the company from Bouygues, Orange and Free-iliad group.
Power Players is taking a deep dive into the business of Formula One. The sport’s popularity continues to expand at breakneck speed, as does the challenge for drivers and executives to keep up. (Source: Bloomberg)
Find insight on Johnson & Johnson, Klinique Medical Clinic, Japanese pharmaceutical stocks and more in the latest Market Talks covering Health Care.
Treasuries edged higher on expectations US interest rates will keep falling and as fresh trade tension between the US and China spurred demand for safer assets.
JPMorgan Chase & Co. has secured a regional headquarters license in Saudi Arabia, allowing the US lender to expand its on-the-ground operations in the kingdom as authorities push multinationals to set up bigger bases in Riyadh.
France’s new government will begin the process of suspending Emmanuel Macron’s signature pension reform, removing an economic cornerstone of his presidency as it seeks a short-term antidote to political chaos.
The French bond market’s relief in the wake of a breakthrough in the country’s political deadlock is set to be short-lived as strategists point to the enormous fiscal challenges that still lie ahead for the government.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guest: Elizabeth Ingleson, The London School of Economics, Associate Professor. (Source: Bloomberg)
The second phase of discussions takes on issues such as postwar governance in Gaza, new security arrangements under an Arab-led force and the disarmament of Hamas.
Plus, there may be lead in your protein supplements.
New York City’s transit system faces a potential $432 million budget shortfall this year because the subway, bus and commuter rail operator may need to wait until 2026 to get reimbursed from federal money owed for cleaning costs during the Covid pandemic, according to a report from Thomas DiNapoli, the state’s comptroller.
Fed Chair Jerome Powell signals another rate cut is coming later this month, as investors weigh renewed trade tensions between the US and China. French Prime Minister Sebastien Lecornu boosts his chances of surviving this week's no confidence votes, after dropping plans to raise the pension age. Elsewhere, ASML shares rise after it said the artificial intelligence boom is fueling demand for its cutting-edge chip-making machines. Today's guests: Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions at BlackRock, Charlotte de Montpellier, Senior Economist at ING, Andy Kuper, Leapfrog Investments CEO. (Source: Bloomberg)
Indonesia is looking to speed up the Abadi liquefied natural gas project, with energy demand rising domestically and across the region, according to the head of Inpex Corp.
The sale of a Munich property housing the flagship store of men’s fashion retailer Hirmer is being challenged in court.
India’s trade deficit widened in September, the first full month of data since the US imposed its highest tariffs in Asia on Indian goods.
Trafigura Chief Economist Saad Rahim discusses the copper markets and says there's a risk of pullback in prices as investment in AI infrastructure wanes. "The AI story is the future, but it’s not yet the present," Rahim tells Bloomberg Television. (Source: Bloomberg)
Shares in France rose and the euro strengthened against the dollar after the prime minister proposed suspending a pension reform.
China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to delays, cancellations and spiraling freight costs.
Shoppers say they are cutting back on purchases, stockpiling certain foods or exploring more-affordable stores.
Equity bulls, staggered Friday by fresh trade-war posturing, have so far gotten relief this week as the S&P 500 Index recouped half of its late-week losses. Bears, though, haven’t quite capitulated.
Concept stocks with no revenue have soaring valuations. OpenAI CEO Sam Altman has backed the biggest of these energy companies.
Central Bank of Kenya Governor Kamau Thugge says the nation is in talks with the International Monetary Fund and could access a "normal" level of additional financing. Kenya's economic stability has improved since 2024, with inflation cooling and the shilling having stabilized in value. A new IMF deal is "critical to sustaining this macroeconomic stability," Thugge tells Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
Output fell 1.2% in August on month, a reflection of uncertainty among manufacturing firms as they adapt to reshaped global trade.
DHL Group plans to invest more than €300 million ($349 million) in warehouses and other infrastructure in Africa to capitalize on demand from sectors such as e-commerce and renewable energy.
Kenyan Central Bank Governor Kamau Thugge speaks with Bloomberg's Jennifer Zabasajja from the International Monetary Fund's annual meetings in Washington about the fund's recent staff mission in Nairobi and progress on talks for a new program. Thugge also weighs in on US-China trade tensions and the potential spillover on the East African nation. (Source: Bloomberg)
Fewer restrictions on financial sector pay following changes by central bank
The business-software company said the center would create 200 jobs specialized in artificial intelligence as it works to scale up its AI offer.
Volkswagen AG truck brand Scania AB has opened a €2 billion ($2.3 billion) manufacturing facility in China to supply trucks in the world’s biggest market as well as export to Asia.
Largely used by naval forces for more than 40 years, Ukraine could receive a newly developed land-based launcher to strike Moscow and beyond.
The alternative investment management arm of the Bajaj Group — one of India’s oldest conglomerates — is seeking to hire as many as 20 investment professionals and senior leaders as it gears up for a series of fund launches.
Montana is defending the actions of law enforcement officers who did not have a warrant when they responded to a possibly suicidal Army veteran.
The researcher Eliezer Yudkowsky argues that we should be very afraid of artificial intelligence’s existential risks.
The singer, songwriter and producer’s 2000 album was the result of years in the studio listening to inspiring music, jamming and rediscovering his artistic purpose.
If the justices decide that lawmakers cannot consider race in drafting maps, redistricting could result in congressional seats flipping from blue to red throughout the country.
India’s central bank considers recent weakness in the rupee as driven by speculative attacks and is prepared to continue its market intervention until the currency settles at a stronger level, a person familiar with the matter said.
The war might have ended, one lawyer argues, but the occupation remains.
Brazilian farmers are lobbying to roll back deforestation restrictions in order to sell more soybeans to the huge Chinese market.
Protesters say their anger reflects a lack of economic opportunity on a continent with the world’s youngest population.
Astoria, Ore., the setting of the classic 1985 teen movie, invites fans to follow their inner adventurer and explore a scenic corner of the Northwest.
The film touches on #MeToo and cancel culture, but the star and director wanted audiences to make up their own minds.
A shuttered plant is reimagined as Manresa Wilds, an example of an old facility repurposed to solve a new century’s problems.
One of America’s most iconic ’90s skate spots has now been rebuilt in — of all places — Malmo, Sweden.
Edward Serotta created an archive of 1,230 in-depth interviews with Holocaust survivors about how they lived, both before and after. “Every one of them comes with a story,” he said.
In Greenville this year, leaders imposed a strict curfew to curb gun violence. So far, the approach is working, even as some question how far a city should go to fight crime.
The enduring animosity between the United States and Iran is reflected inside the walls of the former U.S. embassy in Tehran, now turned into a museum of anti-American propaganda. U.S. involvement in the June Iran-Israel war has resurfaced that shared past.
Analysts say they are unsure what the Trump administration hopes to get out of its gifts and concessions to Belarus’s autocratic leader, a close ally of Russia.
A deep sense of unease has gripped Iran since American and Israeli airstrikes in June, but on a recent visit to the capital, we found that many Iranians seemed to be just trying to get by.
It now has a formal name: “The great debasement trade.” It’s a catchy term for all manner of investor hairpulling about runaway deficits and the dollar’s threatened primacy — and an apparent flight for refuge that means shunning sovereign debt and related currencies, and snapping up precious metals, crypto coins and other shiny stuff instead.
The legendary GE boss eventually came around to the idea that the focus on short-term results was a harmful distraction.
The best safeguard against tyranny is a legion of people who believe in an authority higher than any political program.
Waymo plans to launch a fully autonomous ride-hailing service in the U.K. capital next year.
London’s demand for precious metals has pushed the Royal Mint into overdrive.
Prime Minister Sebastien Lecornu won the crucial support of the Socialist Party in France’s National Assembly, significantly improving the chances of his new government surviving two no-confidence votes Thursday. Lecornu has said his sole mission is to get a budget for France, but acknowledged he must allow lawmakers greater sway over the bill and other policies in order to avert another government collapse. “France must have a budget, because there are urgent measures that must be taken without delay,” Lecornu said Tuesday. The draft budget presented to parliament Tuesday targets a reduction in the deficit to 4.7% of economic output from 5.4% this year. Two thirds of the adjustment is based measures to curb spending, including unpopular freezes of pension and welfare payments. Charlotte de Montpellier, ING's Senior economist speaks to Bloomberg's Francine Lacqua about the french economy and the likelihood for the budget to go ahead. (Source: Bloomberg)
Developer China Vanke Co. has made delayed interest payments on onshore debt that it had previously skipped, according to people familiar with the matter, potentially easing tensions with creditors.
Fossil Group Inc., the US-based luxury watchmaker, is considering an initial public offering of its Indian arm, according to people familiar with the matter, as the South Asian market for new listings heats up.
Citigroup Inc. is jumping into Europe’s primary market on Wednesday as major US banks look to raise funds quickly after reporting quarterly earnings.
LVMH posted a 1% rise in currency-adjusted revenue in the third quarter influencing shares of other luxury brands including Kering and Hermes.
Pets at Home Group Plc and CVS Group Plc surged after the UK antitrust regulator called for more competition and a regulatory overhaul of the veterinary industry but stopped short of proposing broader pricing controls.
Stock futures rose early following a volatile previous session marked by mixed rhetoric from the U.S. and China over trade.
A pivotal political leader who helped usher in multiparty democracy, he ran unsuccessfully for the presidency five times.
South Africa’s agriculture minister signed a trade protocol with China to export five types of stone fruit to the Asian country for the first time.
Swiss financial regulator Finma said it would appeal against a decision by the Federal Administrative Court to revoke the watchdog’s 2023 order to wipe-out $20 billion of bonds issued by Credit Suisse.
The founder of Croatian sports-car maker Rimac Group says he is in talks to buy out Porsche AG’s stake in their joint venture Bugatti Rimac and is working toward a deal by next year.
Spain sought to downplay US President Donald Trump’s threat to impose punishment over its refusal to increase defense spending and stressed its commitment to NATO security.
Europe needs to analyze where it can streamline financial rules to allow the industry to operate more effectively, European Central Bank Vice President Luis de Guindos said.
Christian Mueller-Glissmann, asset allocation research head at Goldman Sachs, says he is still "modestly pro-risk" on equities. "We're going into this earnings season with a view that it probably will validate that the corporate sector is still in relatively good shape," Mueller-Glissmann tells Bloomberg Television. "In the US in particular, the expectations, which are roughly 6% for that season, they probably will be beat again." (Source: Bloomberg)
Bank of America and Morgan Stanley are poised to report
Shabana Mahmood says public trust in state will be weakened unless politicians ‘bring order’ to immigration
French stocks rallied as investors bet Prime Minister Sebastien Lecornu’s new government will survive upcoming no-confidence votes, with the market also getting a boost from LVMH’s earnings.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
European stocks advanced on better-than-expected earnings from LVMH and ASML Holding NV and the potential for political stability in France.
Anna Edwards, Guy Johnson, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Chinese Premier Li Qiang will visit Singapore later this month, people familiar with the matter said, in the first trip to the country by China’s No. 2 official in seven years as the governments seek to deepen relations.
Former Gov. Andrew M. Cuomo has criticized Assemblyman Zohran Mamdani over his past support for decriminalizing prostitution. Mr. Mamdani’s campaign has not emphasized the issue.
Global insurance losses from natural disasters have eclipsed $100 billion in 2025, even as subdued hurricane activity has resulted in unusually low third-quarter costs so far.
Once a bright spot in the economy, Thailand’s tourism sector appeared to be losing its shine.
Rakuten Group Inc. shares rose as much as 6.7% on Wednesday, the most since April 10, after Reuters reported the Japanese e-commerce firm is considering listing its credit card business in the US.
John Wood Group Plc said Chief Executive Officer Ken Gilmartin plans to step down and will be replaced by Iain Torrens.
China’s deflation eased in September, even as the pace of improvement is failing to halt the country’s longest streak of economy-wide price declines since market reforms in the late 1970s. Meanwhile US-China trade tensions have ramped up again over China's refusal to buy soybeans from the US. Hao Zhou, Chief Economist at Guotai Junan International Holdings spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on China's economic resilience. (Source: Bloomberg)
Fed Chair Jerome Powell signaled the US central bank is on track to deliver another quarter-point interest-rate cut later this month, even as a government shutdown significantly reduces its read on the economy. Anita Krishna Gupta, CIO at Wealthbrix Capital Partners spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the Fed path ahead. (Source: Bloomberg)
The company anticipates higher oil and gas production but warned that earnings in its integrated liquefied natural gas division will be hit by maintenance activity.
Asset managers are looking to raise new private credit funds aimed at emerging markets, to capitalize on an explosion of financing deals in the sector this year.
Watchdog finds regulatory system for vets is “not fit for purpose”
Dubai-based contractor Alec Holdings PJSC’s stock climbed on its first day of trading, signaling continued investor appetite for new listings in the emirate.
A rebound in global biotech deals this year looks set to accelerate as big pharmaceutical companies seek new sources of revenue, according to a top-performing fund with a track record of identifying acquisition targets.
“The Late Show” host called President Trump’s photo the “worst Georgia O’Keeffe ever.”
Indonesian regulators are planning to raise foreign investment limits for the country’s $50 billion mutual-fund sector, potentially allowing local funds to allocate more than half of their cash to overseas markets.
French Finance Minister Roland Lescure said he will be “extremely vigilant” concerning a bid from three of the country’s telecom carriers offer to buy their rival SFR from billionaire Patrick Drahi’s Altice France.
French Prime Minister Sebastien Lecornu won the crucial support of the Socialist Party in the National Assembly, significantly improving the chances of his new government surviving two no-confidence votes Thursday. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
Copper rebounded after Federal Reserve Chair Jerome Powell flagged another US rate cut this month and traders at the industry’s biggest annual gathering said a price of $12,000 a ton is within reach.
Indonesia’s newest sovereign wealth fund plans to start deploying some of its billions of dollars in investment capital before the end of the year, possibly alongside foreign partners, a senior executive said.
European industrial firms are expected to outperform all other sectors this earnings season as growing artificial intelligence and defense spending brightens the outlook for manufacturers of infrastructure and weapons.
LVMH sales unexpectedly returned to growth in the third quarter as shoppers splurged on Moët & Chandon Champagne and Dior perfumes. The world’s largest luxury group, led by billionaire Bernard Arnault, has endured an extended pullback, particularly in China, which had long been a driver of growth. In a positive sign for the company and the wider luxury industry, LVMH’s sales in the region that includes China rose 2% last quarter, after dropping by 9% in the first half. Bloomberg's Angelina Rascouet reports. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Hong Kong with Paul Allen and Annabelle Droulers, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
ASML reported €5.4 billion ($6.3 billion) in bookings for the third quarter, beating analyst expectations. The demand for its chip-making machines was fueled by investment into artificial intelligence infrastructure. ASML is the only company that makes extreme ultraviolet lithography machines needed to produce the most sophisticated AI chips. Bloomberg Intelligence's Masahiro Wakasugi breaks down the situation. (Source: Bloomberg)
The Dutch group reported a rise in orders of its chip-making equipment for the third quarter, as well as net profit, and the company confirmed its guidance for 2025.
Good morning. European Central Bank members speak to us about the policy outlook. Trump escalates the US’s trade spat with China. And the number of UK homebuilders slides for the first time in a decade. Listen to the day’s top stories.
Paul Conway, Director Economics and Chief Economist at the Reserve Bank of New Zealand Chief Economist discusses why the central bank is open to further rate cuts. He speaks with Paul Allen from the sidelines of the "Citi Australia & New Zealand Investment Conference" in Sydney. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Inside the effort to deliver a 'transformational improvement' in how the US builds submarines, vital to preserving its undersea advantage.Ryan Chua discusses on Insight with Haslinda Amin. (Source: Bloomberg)
India’s sole clearing house for corporate bond repos is in discussions with regulators to allow foreign investors, trusts and individuals, as part of efforts to make the nation’s credit market more liquid and accessible.
Jim McCormick, Chief Global Macro Strategist at Citi, discusses why markets aren’t adequately pricing in the risks of the latest round of trade tensions between China and the US. He speaks with Paul Allen from the sidelines of the "Citi Australia & New Zealand Investment Conference" in Sydney. (Source: Bloomberg)
ASML Holding NV’s orders beat analyst expectations in the third quarter and said sales next year would be at least on par with 2025, as artificial intelligence fueled demand for its chip-making machines.
Sarah Hunter, Chief Economist and Assistant Governor at the Reserve Bank of Australia, discusses the outlook for Australia's economy and inflation. She speaks with Paul Allen from the sidelines of the "Citi Australia & New Zealand Investment Conference" in Sydney. (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
An American bailout can carry the country only so far.
Videos surfaced last week showing the former congresswoman belittling a television reporter and berating an aide. Porter, who is running for California governor, pledged to do better.
Swire Hotels Managing Director Dean Winter says he's optimistic about occupancy in the company's properties, with demand growing in China. Speaking on "Bloomberg: The China Show," he also discusses the company's expansion plans for its Upper House brand. (Source: Bloomberg)
Chang-Ken Lee, President at Cathay Financial Holdings, says the group's insurance arm will mandate all its assets to the parent's asset management subsidiary. The plan to boost the asset manager comes as Taiwan authorities seek to build a wealth hub within the region. Lee discusses exclusively with Yvonne Man on "Bloomberg: The Asia Trade" from the sidelines of the Cathay Asset Management Summit. (Source: Bloomberg)
The Indian rupee gained the most in nearly four months, rebounding from near a record low, on hopes of a trade deal with the US.
The European Energy Exchange AG, the world’s biggest electricity bourse, aims to add another Japanese region to its product offerings by year-end, boosting its presence in a rapidly expanding market.
Singapore’s new private home sales fell in September as developers held back on major project releases during a traditionally quiet period.
Whether playing from a position of strength or weakness, Beijing’s timing is excellent.
Pakistan has reached a preliminary agreement with the International Monetary Fund, to unlock $1.2 billion of loans under two separate programs.
Distressed-debt specialist Oaktree Capital Management made a profit from investing in collapsed auto-parts supplier First Brands Group, according to co-founder Howard Marks, a rare feat as some of Wall Street’s biggest firms face losses.
About 80,000 phones were stolen in the British capital last year. The police are finally discovering where many of them went.
The Nobel Prize-winning MOFs could be used to mop up pollutants, turn toxic substances benign and make water from desert air
Apollo’s Marc Rowan warns of ‘willingness to cut corners’
Uzbekistan is attracting an unprecedented level of investment as the Central Asian country’s leader aims to double the size of the economy.
New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs
Thousands of Palestinians were freed from Israeli prisons this week. Some are seen as future militant and political chiefs
European Central Bank Governing Council member Gabriel Makhlouf dismissed concerns about inflation dropping below the 2% target, saying he’s actually more worried that it will come in above that threshold.
Three supertankers that were headed for Rizhao port are now looking for alternative berths, following US sanctions on the terminal that handles around a 10th of China’s oil imports.
Japan’s first sale of government bonds since the ruling political coalition crumbled drew demand that was stronger than the 12-month average as higher yields attracted investors.
India plans to tighten rules on renewable energy to protect its grid stability, requiring solar and wind power producers to stick more closely to their supply schedules or face penalties and loss of revenue.
The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more competitive. (Source: Bloomberg)
Apple Inc. is preparing to expand its manufacturing operations in Vietnam as part of a push into the smart home market and an ongoing effort to lessen its dependence on China. (Source: Bloomberg)
Coinbase Global has invested in Mumbai-based CoinDCX as the exchange operator seeks to deepen its exposure to India and the Middle East.
Canada, the U.K. and the European Union back off electric-vehicle targets as economic concerns arise. Even China shows cracks.
Taiwan’s biggest life insurance company plans to shift over NT$7 trillion ($228 billion) in investment mandates to its parent group’s asset management arm as part of a push to make the island’s money management industry regionally competitive.
Before the trading day starts, we bring you a digest of the key news and events that are likely to move markets. Today we look at:
A joint bid from KKR & Co. and PAG has emerged as the leading candidate to buy the real estate holdings of beermaker Sapporo Holdings Ltd. in a deal worth over ¥400 billion ($2.6 billion), according to a person familiar with the matter.
India’s central bank has started a fresh round of foreign exchange swaps that shore up liquidity, according to people familiar with the development, as its recent currency interventions drain cash from the banking system.
Ken Wong of Eastspring Investments says US earnings guidance for 2026 is an important theme he is following. He shares his views on Bloomberg Television. (Source: Bloomberg)
Messages seeking payment for unpaid tolls or postage fees prompt victims to hand over credit-card information, which gangs use to buy gift cards and luxury goods.
Downward price pressures eased in September, as Beijing ramped up efforts to curb excess capacity to bolster domestic demand.
China’s deflation eased in September, leaving the country on track for the longest streak of economy-wide price declines since market reforms in the late 1970s.
China boosted its currency defense on Wednesday via the daily reference rate amid growing trade tensions with the US.
State department announces six revocations and suggests more could follow
Freshly appointed dual chief executives Clay Magouyrk and Mike Sicilia push back on concerns over Oracle’s margins as investors examine AI bubble.
Chinese exports of used cooking oil to the US were already in retreat well before President Donald Trump chose them as the latest flashpoint in his trade war with Beijing.
Asian currencies consolidated against the dollar in early trade, but may be weighed by ongoing U.S.-China trade tensions.
The airline is ditching open seating, and fliers are going to have to get used to the boarding-group grind.
Chinese leader Xi Jinping thinks the president will fold before launching new tariffs that would roil markets.
South Korea rolled out a new round of measures aimed at reining in a red-hot housing market, stepping up efforts to curb speculative buying as policymakers weigh interest-rate cuts to bolster a slowing economy.
Firefights and public executions have spread fear and raised concerns about a spiral of internecine violence. “I could hear gunfire all around.”
Residents have begun forming volunteer groups to monitor their neighborhoods for federal immigration agents. Others honk their horns or blow whistles when they see agents nearby.
Illinois sued State Farm Fire and Casualty Insurance Co. to force it to provide information for an investigation into the company’s rapidly rising premiums for homeowners.
Economy Minister Luis Caputo said the US remains committed to a $20 billion currency-swap line with Argentina, regardless of the outcome of midterm elections in the South American nation later this month.
“I’m not going to deny the reality — there’s no good explanation,” the interior minister said, after the inmates slipped out, perhaps over a period of time.
President Trump presented the medal to Charlie Kirk’s widow, Erika, on what would have been his 32nd birthday.
Bipin Joshi was taken alive in the Oct. 7, 2023, attacks on Israel. But as other hostages were released to jubilant homecomings this week, Joshi’s family learned that he didn’t survive captivity.
Lone Star Funds is in advanced talks to acquire plastic parts and equipment maker Hillenbrand Inc., people familiar with the matter said.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Elizabeth Warren (D-MA) voices her frustration with President Trump’s $20B Argentina Lifeline plan as Argentina made a deal with China that impacts US farmers. Danny Danon, Israel's ambassador to the UN, discusses the reaction from families who were reunited with loved ones who have been released by Hamas. Rep. Troy Downing (R-MT) talks about how long the government shutdown may be and the frustrations with Democrats. (Source: Bloomberg)
Gold edged higher toward a record, boosted by an escalation in US-China frictions and bets the Federal Reserve will cut interest rates twice more this year.
The Times is looking for examples of interactions between federal immigration agents and residents across the country.
The London Metal Exchange and its users will need to take “uncomfortable” steps in order to modernize more quickly, according to Apurv Bagri, a senior adviser to the LME’s owner, Hong Kong Exchanges and Clearing.
Oil steadied after falling to five-month low, as investors weighed an expected supply glut against the fallout of escalating US-China trade tensions.
Fastenal shares slipped Monday after the industrial and construction supplies company reported third-quarter earnings per share and operating income that were slightly below expectations. Dan Florness, the company's CEO, breaks down the numbers and provides a pulse-check on US manufacturing with Carol Massar and Bailey Lipschultz on Bloomberg Businessweek Daily. (Source: Bloomberg)
Zohran Mamdani, the Democratic front-runner in the New York City mayor’s race, appeared with Gov. Kathy Hochul for the first time since she endorsed him last month.
Institute of Student Employers cites cost pressures and worries over economic outlook
A statistical analysis of an infamous indentation in a sidewalk suggested a 99 percent likelihood that another rodent made the mark.
Distress in Europe’s retail and consumer-goods sector stands above levels seen during the global financial crisis in 2009, according to the latest reading of law firm Weil Gotshal & Manges’ proprietary index.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Mike Santomassimo, SWBC’s Christopher Brigati, UBS’ Erika Najarian, Evercore’s Roger Altman, Interactive Brokers’ Steve Sosnick, NFIB’s Holly Wade, HarbourVest Partners’ John Toomey, Greylock Capital’s Hans Humes, Gabelli Funds’ Macrae Sykes, Sheila Kahyaoglu. (Source: Bloomberg)
The district attorney is searching for witnesses and plans to ask the Supreme Court to consider the Etan Patz case. A defense lawyer for the man accused in the killing says they’re dawdling.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he sees some logic in owning gold, while declining to say whether he thinks the precious metal is overvalued after a historic run-up.
President Trump’s threats to provide the missiles to Ukraine, whether he follows through on them or not, are a sign of his growing frustration with Moscow.
Wall Street traders lifted stocks Monday as the US and China signaled willingness to keep trade negotiations alive, Middle East tensions cooled while the artificial-intelligence rally powered ahead. Nanette Abuhoff Jacobson, Global Investment Strategist at Hartford Funds, offers her take on markets and whether the latest rally will be sustained. Nanette speaks with Carol Massar and Bailey Lipschultz on Bloomberg Businessweek Daily. (Source: Bloomberg)
Danny Danon, Israel's ambassador to the UN, discusses the reaction from families who were reunited with loved ones who have been released by Hamas. He also talks about whether or not he is confident that Hamas will disarm, as President Donald Trump has threatened them to do, and what will be the future of Gaza. Danon speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Mexico’s lower house of Congress approved in general terms the government proposal to reform the country’s rights protection law, which seeks to sharply reduce the number of protracted legal proceedings through the use of endless legal injunctions.
About a fifth of the agency’s remaining staff was affected, including employees working on special education, funding for low-income students and civil rights enforcement.
The protein craze that turbocharged energy bars and meat sticks is now coming for sugar-frosted Pop-Tarts. Starting in early November, pop-tart maker Kellanova will offer a version of the sprinkle-strewn toaster pastries with the kind of higher protein content reserved for what are typically considered healthier foods. This follows PepsiCo Inc.’s plans for a higher-protein version of Doritos. Elsewhere, protein is being added to popcorn, pasta, bread, cookie dough, ice cream and macaroni and cheese. The trend shows how packaged-food companies are betting that protein can lure back shoppers who have moved away from highly processed products. Bloomberg News Food Industry Reporter Kristina Peterson joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Isabelle Lee. (Source: Bloomberg)
Asian stocks looked set to rebound in early trading, even as renewed trade tensions rattled Wall Street on Tuesday. US futures were steady.
Plus, remembering D’Angelo. Here’s the latest at the end of Tuesday.
On today’s Big Take Asia podcast: Is a five-figure "baby bonus" enough? We look at the growing cash incentives for new parents and whether they can reverse declining birth rates.
The company will no longer turn its Yonkers location into a casino with live games like poker and blackjack due to shifting competitive and economic factors, it said.
One of the newest tenants of Trump Tower in New York City is a startup investment bank called Dominari Holdings Inc. It’s located only two stories below the headquarters of the Trump Organization — a proximity that Dominari’s president, Kyle Wool, considers a point of pride. Wool spent years cultivating a relationship with the Trump family, and since last year’s election he’s emerged as a kind of financial fixer for the president’s two eldest sons and a cadre of senior Trump Organization employees. Together they’ve struck a succession of lucrative deals. Bloomberg News Wealth Reporter Annie Massa and Bloomberg News Reporter Zach Mider join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Isabelle Lee. (Source: Bloomberg)
Senator Elizabeth Warren (D-MA) voices her frustration with President Trump’s $20B Argentina Lifeline plan as Argentina made a deal with China that impacts US farmers. She also talks about the government shutdown critiquing her Republican colleagues, and if she feels the city of Boston is the President’s next target to have National Guard troops. Senator Warren speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
The visual artist Dread Scott, the playwright Lynn Nottage and others have organized a series of actions to unite the arts community against the Trump administration.
Startup Vietnamese carrier Sun PhuQuoc Airways plans to acquire a total of 100 Airbus SE and Boeing Co. jets within five years as it seeks to break into the country’s fast expanding tourism market and crack the nation’s congested skies.
Students discuss moving toward alternative news sources rather than depending on traditional ones.
Though no formal offer has been made, a committee has been formed to review any potential definitive proposal, the dating-app company said.
A new global climate tax would be the ultimate in taxation without representation.
Did a political blessing from the feds encourage a lack of due diligence by lenders to the failed subprime auto lender?
Paris backtracks on Emmanuel Macron’s signature retirement reforms.
President suggests $20bn swap line is contingent on libertarian’s victory in midterm elections
Good morning. Tensions between Washington and Beijing flare again. LVMH is showing signs the luxury slump may be nearing an end. And India needs a lot more cash to fund its nuclear energy goals. Listen to the day’s top stories.
Since his death, Charlie Kirk has become a powerful symbol for the far right.
The automaker says that American production will grow by 50% with 5,000 new jobs at plants across the Midwest.
The video for “Untitled (How Does It Feel)” brought him new levels of fame, but not always the kind of attention he sought.
Message to Trump: As hard as stage one was for Gaza peace, you have not even seen hard yet.
The panel’s Republican chairman, Representative Jim Jordan, accused the former special counsel of “prosecutorial misconduct and constitutional abuses.”
Greylock Capital CEO Hans Humes says a US rescue plan for Argentina is very risky. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Find insight on oil futures, fossil fuels and more in the latest Market Talks covering energy and utilities.
Experts said the levels were not high enough to cause immediate harm, but raised the risk of long-term health effects.
En la ciudad de Toyota, los inmigrantes contribuyen al impulso de la economía, al tiempo que se enfrentan a reacciones políticas adversas.
Emily Nicolle takes a look at the risk beyond the headlines of last week’s crypto market chaos.
Israelis went to war to defeat an existential threat — and an existential lie.
Symbion Power unit Hydro-Link signed a preliminary agreement with the Democratic Republic of Congo to build a $1.5 billion transmission line to key copper and cobalt mines from hydropower sites in neighboring Angola.
The departures of Todd Gilbert and his deputy in the Western District of Virginia show the pressure being brought on prosecutors to pursue the president’s perceived foes.
The Dow industrials, down by more than 1.3% in early trading, ended the session higher.
The president said he would release a list of the cuts on Friday. “We are closing up Democrat programs that we disagree with, and they’re never going to open again,” he added.
A new battle in the trade war with China. President Donald Trump says he might cut off the trade in cooking oil with China. Bloomberg's Joe Mathieu has the details on "Bloomberg The Close." (Source: Bloomberg)
Federal Reserve Bank of Boston President Susan Collins says the Fed should continue lowering interest rates this year to support the labor market. She speaks during an event at the Boston Fed.
Medline is telling prospective investors in its initial public offering that it had about $13.5 billion in net sales in the first half of 2025, an increase of roughly 9.7% from last year, according to people familiar with the matter.
Chicago, which faces a roughly $1 billion budget gap next year, has increased a revolving line of credit with RBC Capital Markets by $100 million and extended the maturity date by more than two years, according to an amendment to an agreement dating to December 2021.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Miller, Carol Massar and Isabelle Lee. (Source: Bloomberg)
Evercore founder Roger Altman discusses the outlook for AI-related stocks, the US economy and M&A activity. Speaking on “Bloomberg The Close,” Altman also says inflation isn’t a threatening factor amid solid US economy growth.
A new ‘endangerment’ study shows that the climate battle is over except for the lawfare.
As with Hamas in Gaza, ending the Ukraine war will require speaking Moscow’s language: force.
The soul singer, songwriter and producer, who died on Tuesday at 51, released three studio albums of meticulously constructed, vocally ambitious, genre-crossing music.
President Donald Trump said he would seek to move 2026 World Cup games out of Boston and shift the 2028 Olympics out of Los Angeles if he thought the cities weren’t properly prepared or if conditions were unsafe.
Readers respond to the day-after plan in the Mideast.
“This is a sector that buys from several places and sells to several places,” Chief Executive Francisco Gomes Neto said about the aircraft industry. “We need to go back to zero tariffs.”
Several banks reported earnings today with JPMorgan beating analysts' estimates for trading and investment-banking fees, driven by a pickup in dealmaking and underwriting. Similarly, Citigroup Inc. beat Wall Street revenue estimates across all five of its major business lines. Meanwhile, Goldman Sachs Group Inc. posted record third-quarter revenue, though shares were down after the bank reported higher compensation costs and plans for an additional round of job cuts. Also, Wells Fargo & Co. raised a key profitability metric after the removal of regulatory restraints it had operated under for more than seven years, though the projection comes as the bank reported net interest income that slightly missed analysts’ estimates. Bloomberg's Sri Natarajan and Alison Williams joined Carol Massar and Matt Miller on 'Bloomberg Businessweek Daily' to break it all down. (Source: Bloomberg)
President Andry Rajoelina appears to have left the country after weeks of protests calling for him to resign.
Chancellor weighs up halving annual tax-free savings allowance to encourage wider investment in UK stock market
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Matt Miller discuss President Trump's meeting with Argentina President Javier Milei at the White House. Bloomberg's Enda Curran also joins the show to discuss the latest on US-China trade relations as President Trump leaves the door open once more for negotiation. Also on today's show, Bloomberg's Sri Natarajan and Alison Williams break down big banks earnings, with JPMorgan and Citigroup beating estimates. Plus, BlackRock Head of US Wealth Advisory & Head of Retirement Jaime Magyera discusses how women are poised to benefit from the 'great wealth transfer' as they enter retirement years. (Source: Bloomberg)
Instagram's Global Director of Policy Tara Hopkins discusses the company's launch of "teen accounts" that aim to offer stricter content settings for users under 18. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
The church, which has more than 17 million members around the world, had been officially without a leader since Russell M. Nelson died.
President Trump met with Argentinian president Milei and discussed the $20 billion lifeline the US recently provided to Argentina. President Trump also answered questions on other foreign policy priorities, including his relationship with China's President Xi as the trade war between the United States and China escalated further this week. (Source: Bloomberg)
The president said that six were killed in the latest military action off the coast of Venezuela.
Bouygues Telecom, Free-iliad Group and Orange have submitted a joint non-binding offer to acquire a large part of Altice’s telecommunications business in France.
U.S. said in recent says that it purchased Argentine pesos and wrapped up the framework for a $20 billion currency swap with the cash-strapped country’s central bank in an effort to stabilize markets and shore up the economy.
Wells Fargo CFO Mike Santomassimo discusses the bank’s earnings and cost-cutting plans on “Bloomberg The Close.” Wells Fargo aims to achieve return on tangible common equity of 17% to 18% in the medium term, an increase from its prior guidance of 15%, which the bank has reached.
Argentina will have a floating exchange rate “pretty soon” as its current trading band widens, according to President Javier Milei’s deregulation czar. “The bands are opening up as we move along, actually pretty quickly. So Argentina is doing a transition to a floating exchange rate,” Federico Sturzenegger told the Bloomberg Global Regulatory Forum on Tuesday. “We’re going to have a floating exchange rate pretty soon.” (Source: Bloomberg)
Writer CEO May Habib and ElevenLabs CEO Mati Staniszewski join Ed Ludlow and Caroline Hyde to discuss the future of enterprise AI as Salesforce's Dreamforce conference kicks off amongst Wall Street angst of an AI bubble. They speak on “Bloomberg Tech.” (Source: Bloomberg)
Smart home gym equipment maker Tonal is adding Pilates to its roster of AI home work outs. CEO Darren MacDonald says they have the largest strength database for their system. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses Federal Reserve Chairman Jerome Powell's speech at the National Association for Business Economics Global Economy conference. On today's show, Bloomberg News Economics Editor Molly Smith, Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. (Source: Bloomberg)
Ontario plans to launch a multimillion-dollar advertising campaign against US tariffs, targeted at Republican-held districts and using the words of late President Ronald Reagan.
A consortium made up of Bouygues Telecom, Orange SA and Iliad SA made an offer to buy most of Altice’s telecommunications assets in France for an enterprise value of €17 billion ($19.7 billion).
In a social media post, the president said the people aboard a boat were suspected of smuggling drugs for an unspecified group his team had labeled terrorists.
Governments and companies are adapting to a world where US consumers and companies are costlier to reach and are seeking other markets to avoid the highest US tariffs since the 1930s. Bloomberg's Enda Curran joins Carol Massar and Matt Miller on 'Bloomberg Businessweek Daily' to discuss the shifting global trade landscape. (Source: Bloomberg)
The US Aluminum Association called for restrictions on some scrap metal in an effort to bolster a domestic supply.
President Donald Trump said he would discuss a potential free trade agreement with Argentine President Javier Milei and defended a $20 billion lifeline to Buenos Aires ahead of elections in the country. Milei met with Trump and administration leaders at the White House. (Source: Bloomberg)
The central-bank leader also suggested the Fed could be close to ending a three-year campaign to passively reduce its $6.6 trillion asset holdings.
The European Central Bank is more likely to lower interest rates than raise them as its next move, according to Governing Council member Francois Villeroy de Galhau. He also says France needs to make spending cuts to bring down the debt. He speaks to Bloomberg's Vonnie Quinn in New York. (Source: Bloomberg)
Resolution Foundation estimates output per hour worked rose 1.6% over past year
Bloomberg's Iain Marlow breaks down the news that the US struck another boat alleged to be carrying narcotics off the coast of Venezuela. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Bloomberg's Sridhar Natarajan, Irene Garcia Perez, Neil Sipes, Tyler Kendall and Patrick Gillespie. (Source: Bloomberg)
Also the Nobel Peace Prize, Credit Suisse AT1s, a Grindr margin-call LBO and StockTwits alpha.
Amid growing criticism about its role in crypto’s biggest crash, Binance said it will distribute an additional $300 million in stablecoins to exchange users who incurred forced liquidations and provide $100 million in low-interest loans to help “severely impacted” institutions resume trading.
Bloomberg News Economics Editor Molly Smith reacts to remarks made by Fed chair Jerome Powell and says that the lack of economic data coming out of the federal government is a risk for the Fed.. (Source: Bloomberg)
Singapore’s sovereign wealth fund asked to pull some cash from a Jefferies Financial Group Inc. fund with large exposure to bankrupt First Brands Group, according to people familiar with the matter.
After China on Oct. 9 unveiled new curbs on its exports of rare earths and other critical minerals, US President Donald Trump swiftly retaliated by threatening 100% tariffs on imports from the Asian country. The move exacerbated trade brinkmanship between Washington and Beijing and sent shock waves across financial markets. On Oct. 10, shortly after the White House proposed the sweeping levies, US equities posted their worst day in six months.
Ukraine’s security services said the mayor held Russian citizenship, which is forbidden, but he denied the accusation. Government opponents see it as part of a power grab.
Federal Reserve Chair Jerome Powell signaled the central bank may stop shrinking its balance sheet in the coming months. The Fed chair also indicated labor-market prospects continue to worsen, a message that supports investors’ expectations for another interest-rate cut this month. “Our long-stated plan is to stop balance sheet runoff when reserves are somewhat above the level we judge consistent with ample reserve conditions,” Powell said Tuesday in remarks prepared for an event with the National Association for Business Economics in Philadelphia. (Source: Bloomberg)
The retail giant signals that online shopping is about to change.
Bank of England Governor Andrew Bailey says policymakers are focused on productivity growth and he sees some softening of the labor market. He speaks at the Institute of International Finance in Washington. (Source: Bloomberg)
JPMorgan Chase's CEO Jamie Dimon sounded warnings on the potential for a deterioration in credit quality as investors spooked by the implosion of Tricolor and First Brands. Bloomberg's Sridhar Natarjan discussed Dimon's warning on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." China escalates its trade battle with Washington—this time taking aim at American shipping. Wall Street’s heavyweights crush estimates as dealmaking roars back at JPMorgan and Goldman. And a painful reset for GM. Shares slide after a $1.6 billion charge tied to scaled-back EV plans. Plus—Paul Tudor Jones joins me on set, on the AI bubble debate and why he thinks rates could drop to 2.5 percent within a year. (Source: Bloomberg)
Federal Reserve Chair Jerome Powell says the labor market is showing "pretty significant" downside risks during an event with the National Association for Business Economics in Philadelphia. (Source: Bloomberg)
Argentina will have a floating exchange rate “pretty soon” as its current trading band widens, according to President Javier Milei’s deregulation czar.
Freeport McMoRan Inc. plans to break away from the benchmark pricing system underpinning global sales of mined copper ores to protect the profitability of smelters, the company’s top commercial executive said in an interview.
24 Exchange CEO Dmitri Galinov discusses the launch of 24X National Exchange. It offers extended hours trading of US equities to retail and institutional investors around the world. (Source: Bloomberg)
Billionaire Investor Paul Tudor Jones says the Nasda could finish the year higher, better that rate cuts and strong tech earnings will fuel a rally. He joined Bloomberg Open Interest to talk about his call and why he's concerned about concentration risk as a handful of stocks seem to be driving markets. (Source: Bloomberg)
Just two months ago, enthusiasm around Ethereum — the blockchain that powers a key corner of the crypto economy — was spilling into the mainstream. Its native token, Ether, had surged to a four-year high as investors treated it as both a currency and a bet on the network’s growing role in payments and finance. Wall Street desks were structuring funds around it, and SWIFT’s pilot of an Ethereum-linked ledger seemed to confirm its arrival as real-world infrastructure.
Federal Reserve Chair Jerome Powell says the central bank may stop shrinking its balance sheet in the coming months during an event with the National Association for Business Economics in Philadelphia. (Source: Bloomberg)
Italy’s latest budget will ease the burden on middle-class earners, allowing Prime Minister Giorgia Meloni to keep her promise to voters at a cost of about €9 billion ($10.5 billion) over three years.
Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub sees oil pricing between $58 and $62 a barrel through 2026, she said Tuesday at the Energy Intelligence Forum in London.
Domino’s Pizza logged higher third-quarter revenue, with the company citing both a recent promotion and stuffed crust pizza as driving orders.
With further rate cuts likely amid a light-touch regulatory environment, the good times are set to continue
Sébastien Lecornu said the government was ready for “a new debate” on the issue, a major concession as he faced no-confidence votes that threatened to topple his government again this week.
The protein craze that turbocharged energy bars and meat sticks is now coming for sugar-frosted Pop-Tarts. Starting in early November, pop-tart maker Kellanova will offer a version of the sprinkle-strewn toaster pastries with the kind of higher protein content reserved for what are typically considered healthier foods. This follows PepsiCo Inc.’s plans for a higher-protein version of Doritos. Elsewhere, protein is being added to popcorn, pasta, bread, cookie dough, ice cream and macaroni and cheese. Walmart Inc. is teaming up with OpenAI to enable shoppers to browse and purchase its products on ChatGPT, the retailer’s latest push to incorporate artificial intelligence. Bloomberg's Jen Bartashus reports. (Source: Bloomberg)
Luxury market leader reports improving trends in third quarter after a tough couple of years for the industry
Mr. Newsom said he was concerned that the measure restricting PFAS chemicals would make pots and pans more expensive for Californians.
Advanced Micro Devices Inc., Nvidia Corp.’s nearest rival in AI processors, said Oracle Corp. will deploy a large batch of its forthcoming MI450 chips next year. Oracle will put 50,000 of the semiconductors in data center computers starting in the third quarter of 2026, according to a statement Tuesday. The systems will contain AMD processors and networking components. Bloomberg's Anurag Rana reports. (Source: Bloomberg)
Federal Reserve chair says inflation expectations are close to central bank’s 2% goal
France must make major spending cuts to help bring down a budget shortfall that’s fueling political turmoil and rattling bond markets, its central-bank governor said.
StubHub Holdings Inc.’s hopes of its stock recovering from its losses after last month’s $800 million initial public offering depend on the ticket-selling platform coming through with hockey stick-like increases in sales and profit margins next year.
Find insight on Vodafone Group, BCE and more in the latest Market Talks covering technology, media and telecom.
After hitting No. 1 with “Voodoo,” his genre-melding 2000 album that he promoted with a risqué music video, he vanished for more than a decade.
The reversal is aimed at securing the backing of Socialists to avoid the country’s fourth collapse of a government in less than a year.
The central bank has been passively reducing its $6.6 trillion asset holdings since mid-2022, part of a technical effort to unwind its pandemic policies.
European Central Bank Governing Council member Martin Kocher advised against too drastic a move to loosen bank regulation at present, given the market backdrop.
Federal Reserve Chair Jerome Powell signaled the central bank may stop shrinking its balance sheet in the coming months.
JPMorgan Chase, Goldman Sachs and Citigroup buoyed by return of dealmaking
Thanks to higher stock markets and rising corporate dealmaking, results are beating expectations across the big banks.
The European Central Bank is more likely to lower interest rates than raise them as its next move, according to Governing Council member Francois Villeroy de Galhau.
Dutch officials moved to take control of Nexperia, underscoring how U.S.-China tensions are reverberating across the tech sector.
A faction of Madagascar's army has seized control after President Rajoelina fled the country following weeks of demonstrations. Gen Z protesters played a key role in his downfall, as Jennifer Zabasajja explains. (Source: Bloomberg)
Soybean futures fell near session lows after data showed US shipments at the highest since February even as top market China remained absent.
The Bank of England is split, you may have noticed, between a flight of doves who want to cut rates again — or at least to consider it — and a cast of hawks who want to wait and see where inflation ends up.
Will West wants to get a master’s degree and then own a house within 10 years. A financial adviser weighs in.
The U.S. military buildup includes F-35B jets, reaper drones and 10,000 troops—too few to invade Venezuela but enough to support more airstrikes.
The new products are aimed at helping importers assess and comply with rapidly changing U.S. trade policies.
The death toll was expected to climb from the blaze, which also included a nearby chemicals warehouse.
The owner of Louis Vuitton reported an improvement in sales growth, a welcome sign the sector could be reaching a turning point from a protracted slump in demand that has taken a toll on most high-end brands.
A long-anticipated oil surplus is finally starting to emerge and is likely to depress prices, some of the world’s top commodity traders said.
The cease-fire talks in Egypt showed that with pressure on Hamas and Israel, seemingly huge impediments could be overcome or set aside.
LVMH sales unexpectedly returned to growth in the third quarter as shoppers splurged on Moët & Chandon Champagne and Dior perfumes, suggesting a persistent slump in luxury demand is easing.
‘Gray divorce’ is becoming more common. We want to hear about yours.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Billionaire Paul Tudor Jones expects the Nasdaq to be higher at year end and he thinks the Federal Reserve benchmark rate will be around 2.5% by this time next year. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
It is dangerous to have confidence about what lies ahead
The outcome could determine how much investors are compensated
Four of the biggest US banks almost doubled their stock buybacks in the first full quarter following the Federal Reserve’s annual stress test, which the lenders all comfortably passed in June.
Johnson & Johnson CFO Joe Wolk says the company is well positioned for a strong 2026 and discusses plans to spin off its slower-growing orthopedics business and the outlook for drug pricing on “Bloomberg Open Interest.” J&J announced third-quarter sales and earnings that modestly beat expectations, and raised revenue guidance for the full year.
European Central Bank interest rates remain in a “good place” with inflation back at target and the economy holding up well against challenges from within the region and abroad, according to Governing Council member Gabriel Makhlouf.
The Trump administration’s embrace of unproven or debunked theories about vaccines and Tylenol has left doctors fielding questions from worried parents.
To consumers, IMAX is synonymous with big-screen blockbusters. But the company's success has also been built on savvy investments in technology, from creating next-gen film cameras to expanding and upgrading its global network of theatrical systems. On Bloomberg Chief Future Officer, CFO Natasha Fernandes takes Scarlet Fu on a tour of IMAX headquarters outside Toronto, and discusses the financial decisions that provide a foundation for further growth. (Source: Bloomberg)
The European Commission’s merger regulator cleared Boeing’s $4.7 billion bid to acquire fuselage maker Spirit AeroSystems Holdings after the companies offered concessions to ease competition concerns.
The trading arm of Saudi Aramco plans to hire copper traders as part of a push into metals markets, joining a growing wave of energy giants moving into the sector.
It’s hard to predict how the artificial-intelligence bubble will play out, but here’s a clue. Keep an eye on usage of AI, measured in units known as ‘tokens.’ It’s soaring.
London properties worth £130mn frozen in action against group accused of large-scale online romance fraud
Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.
Mr. Jones was ordered to pay $1.4 billion in damages to families who lost children in the 2012 shooting in Newtown, Conn.
Loved ones of deceased hostages are angered that only four of 28 remaining bodies have been returned by Hamas.
Billionaire Paul Tudor Jones expects the Nasdaq to climb higher by the end of the year as traders anticipate lower interest rates ahead.
Federal Reserve Vice Chair for Supervision Michelle Bowman said she intends to unveil additional changes to stress tests soon and that a new proposal on the US version of the Basel III endgame is under negotiation. Bowman spoke Tuesday at the Institute of International Finance’s annual gathering in Washington. (Source: Bloomberg)
The US Supreme Court is poised to consider further cutting a landmark 1965 civil rights law with a case that could boost Republican election hopes and call into question as many as 19 congressional districts with primarily Black or Hispanic populations.
Shore Capital Partners, a Chicago private equity firm founded by billionaire Justin Ishbia, raised $850 million for two new funds that will invest in health care and back entrepreneurs looking to acquire and manage companies.
Legislation would have blocked local and federal funding for investments that support autonomous or remote operations.
Her ex-husband says in his book that since the pop star’s conservatorship ended, “It’s become impossible to pretend everything’s OK.”
Gianni Infantino, the head of soccer’s global governing body, frequently appears alongside President Trump at events outside the realm of sports.
US natural gas futures dropped to the lowest in more than two weeks as forecasts for mild weather through late October indicated tepid demand for the heating fuel, with ample domestic stockpiles also weighing on the market.
French bonds rose, narrowing the spread over safer German counterparts to a four-week low, after Prime Minister Sebastien Lecornu said he would propose suspending pension reform in an attempt to push through a budget.
European Central Bank President Christine Lagarde said she can’t declare an end to interest-rate cuts, despite her reiterating that monetary policy and the economy are “in a good place.”
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
The International Monetary Fund said the global economy has so far has held up better than expected, but warned it is showing signs of strains from sweeping US tariffs and protectionism. IMF Chief Economist Pierre-Olivier Gourinchas said Tuesday in a briefing with reporters that “the tariff shock is here and it is further dimming already weak growth prospects.”
Under a plea agreement, Cory Balmer will be imprisoned for 25 to 50 years for the attack on Gov. Josh Shapiro’s official residence in Harrisburg, Pa., in April.
Banco Pan SA surged the most in five years after Banco BTG Pactual SA announced a bid to acquire the remaining shares that it doesn’t already own in the financial institution.
The $305 billion stablecoin market could threaten traditional lending, hamper monetary policy and trigger a run on some of the world ’s safest assets, the International Monetary Fund warned on Tuesday.
Banks could suffer a “significant” hit to their capital if cracks appear in other parts of the global financial system such as hedge funds and alternative asset managers, the International Monetary Fund warned on Tuesday.
Success of deal depends on president’s willingness to keep engaged and pressure warring parties, particularly Netanyahu
The Treasury Department labeled Prince Group a criminal organization; the company says it adheres to international standards.
The Federal Reserve’s top bank cop said she soon intends to unveil additional changes to stress tests, a move that Wall Street lenders are likely to cheer.
The move by Sébastien Lecornu was a major concession as he faced no-confidence votes that threatened to topple his government again this week.
US stocks fell on Tuesday as Beijing escalated a long-standing trade dispute with Washington and the nation’s biggest banks reported third-quarter earnings.
Sébastien Lecornu hopes concession will suffice to secure left’s support
General Motors is taking $1.6 billion in charges for scaling back its electric vehicle production. In a filing Tuesday, the automaker is blaming weaker federal support and weakening demand. GM warns more pain could come as it reassesses its EV strategy. Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, joined "Bloomberg Open Interest" to break down what this all means for GM's future. (Source: Bloomberg)
Credit and high yield had a good 2025, despite tariffs and rates volatility as spreads held ground. Will 4Q sustain this resilience and why? Mahesh Bhimalingam, Bloomberg Intelligence global head of credit strategy, discusses the results of the BI 4Q25 High Yield Investor Survey, along with the market outlook, with Alexis Renault, global head of high yield at Oddo BHF. They discuss France’s fiscal problems and the trade war’s effect on credit, potential ECB action in a sovereign crisis, along wi
Michael Platt’s investment firm BlueCrest Capital Management will pay out $101 million to investors after UK regulators said it failed to manage conflicts of interest over an internal investment fund.
One of the metals industry’s best-known traders is adding his voice to a chorus of bullish copper forecasts, predicting that prices could hit records near $12,000 before the end of the year.
High-quality stocks, measured by profitability, are trading at historically elevated levels, among the strongest in 25 years. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst with Bloomberg Intelligence, and co-host Christopher Cain, US quantitative strategist at BI, speak with Sid Jain, deputy portfolio manager at GQG Partners, about the firm’s focus on durable earnings and forward-looking quality, its US Select Quality Equity Fund (GQEPX) and why to
Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees Federal Reserve policy as “very, very critical” to the market rally and equity valuations, but calls signals of more rate cuts from the Fed “crazy town.” (Source: Bloomberg)
Since Beijing announced a new visa to attract young science and technology graduates, a backlash has erupted online, forcing the government to respond.
It’s hard not to see “some frothiness in different sectors,” Citigroup Inc. Chief Financial Officer Mark Mason said on the bank’s third-quarter earnings call in response to a question from a reporter about artificial intelligence.
The ex-CEO explains her decision to pivot from Dave Portnoy’s vehicle to women’s-focused media on the The Deal with Alex Rodriguez and Jason Kelly.
An oil market surplus that’s long been anticipated by investors is finally showing signs of emerging, a fact that may start to drive down crude prices, the boss of one of the world’s top energy traders said.
Traders are focusing on the unofficial start of the earnings season. JPMorgan Chase & Co. fluctuated in the premarket after beating estimates for trading and investment-banking fees. Goldman Sachs Group Inc. fell more than 2% after a slight miss in equities sale and trading revenue. Citigroup Inc. rose 1% after revenue beats in every division. Wells Fargo raised a key profitability metric but net interest income slightly missed estimates. Bloomberg's Sridhar Natarajan breaks down all the earnings on "Bloomberg Open Interest." (Source: Bloomberg)
Spot silver prices fell from an all-time high in another day of frenetic trading in the London silver market, with tentative signs emerging that a historic squeeze is starting to ease.
President Andry Rajoelina is in hiding after the military sided with protesters frustrated at the dearth of opportunities on the island.
The artificial intelligence debt boom has come to the junk bond market.
The demonstrations, organized by Belgium’s major trade unions, oppose austerity proposals that would affect pensions and other social welfare.
The platform will hide certain content from teens, such as strong language and risky stunts.
Distortions are emerging in two small but important corners of the US equity market, in a fresh demonstration of how Wall Street’s obsession with derivatives-powered products is reshaping the investment landscape.
European Union Economy Commissioner Valdis Dombrovskis warned that China is exploiting global commercial relationships to advance its agenda.
Chipmakers across the global supply chain face the prospect of weekslong delays in shipments.
The number of people trying audiobooks and the number of hours streamed have increased annually
The International Monetary Fund said the impact of trade tensions had been limited so far, but it expects growth to slow.
A new IMF report exaggerates the gloomy economic backdrop, but there are valid reasons for policymakers to be glum
Bank of England should not lower interest rates before price pressure shows signs of easing, says chief economist
Fund upgrades outlook for global growth but warns of more ‘pass-through’ of tariff costs to consumers
The lender expects world growth to slow to 2.6% this year from 3.6% last year, while it upgraded its U.S. outlook.
The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism — even though it so far has held up better than expected.
Citigroup Inc. saw total revenue jump 9% as the firm’s markets, banking, services, wealth, and US retail divisions all set records for a third quarter. Scarlet Fu reports on Bloomberg Television.
Goldman Sachs Group Inc. is the first of the six biggest US banks to raise debt in the current earnings cycle after the lender reported record third-quarter revenue.
The former Dior creative director is to present her first collection in Milan next February.
An intelligence agency’s sweeping investigation shows that Moscow is closely following the anti-Kremlin activities of Russians abroad.
Two former BlackRock executives are spearheading a push into a small but fast-evolving corner of the $12.5 trillion exchange-traded fund industry: multi-strategy products.
Kenny Ives, chief executive officer of IXM, the metals trader owned by China’s CMOC Group, discusses the outlook for copper prices and IXM's performance in 2025. Speaking to Bloomberg's Jack Farchy, Ives also comments on CMOC's cobalt operations amid export curbs in the Democratic Republic of the Congo, the world’s top producing country of the metal that's used in car batteries and portable electronics. (Source: Bloomberg)
Rate-setter Alan Taylor said there is a small but growing possibility that the U.K. economy is heading for recession, due in part to overly high borrowing costs.
BCE Inc. plans to save C$1.5 billion ($1.1 billion) in costs and expand home internet services in western Canada and the US to restore growth after its share price fell by 26% over the past year.
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JPMorgan Chase, Goldman Sachs and Wells Fargo reported strong quarterly earnings, mostly topping analyst expectations and showing growth across key lines of business.
Shipments have been boosted by rising production and Ukrainian attacks on oil refineries
Citigroup’s profit jumped 16% in the third quarter, powered by a surge in dealmaking and trading revenue.
Kenyan President William Ruto announced plans to spend about $31 billion over the next decade on large infrastructure projects, a U-turn on his previous pledge to rein in spending and public debt.
State-owned Saudi Agricultural & Livestock Investment Co. plans to pursue a full ownership stake in the agribusiness unit of Singapore’s Olam Group Ltd., according to people familiar with the matter.
Prices on claims tied to Credit Suisse Additional Tier 1 bonds, which were wiped out in 2023, have risen rapidly after a Swiss court gave a partial win to investors seeking damages.
President Andry Rajoelina has vowed to remain in office after weeks of protests against his government that drove him into hiding.
A fragile cease-fire between Israel and Hamas is stoking hopes for a surge in investment in the region, and the Middle East more broadly.
The sports-betting company lifted its full-year earnings guidance after it reported a strong performance boosted by growth in its iGaming and online sports divisions.
Watchdog did not have proper basis for decision to write down SFr16.5bn of AT1 debt as part of rescue deal, judges find
Hamas said several Gaza residents were killed by the Israeli military, while families of deceased hostages whose bodies are still in the enclave expressed anger at delays to their repatriation.
Albertsons reported higher second-quarter revenue and said it would expand its share-repurchase program as growth in its digital sales offset competitive concerns in the grocery market.
The data-center cluster will use tens of thousands of AMD’s newest artificial-intelligence chips.
Investment banking revenue jumped 42% and results beat expectations.
Enduring inflationary pressures and labor shortages add to growing uncertainty about the economy.
Four years after a global pledge to end deforestation, the amount of money going toward conserving and restoring forests is not enough, the analysis found.
The restrictions also apply to conversations between teenage users and artificial intelligence chatbots.
India will require nearly 19.3 trillion rupees ($217 billion) of investment to reach its target of installing 100 gigawatts of nuclear power capacity by 2047, according to a power ministry panel’s report, published Tuesday.
Goldman Sachs Group Inc. saw record third-quarter revenues, posting $2.66 billion in investment banking fees while the company as a whole reported revenues of $15.18 billion, its largest haul for that quarter in its history. Scarlet Fu reports on Bloomberg Television.
Startups in the Middle East raised a record $1.2 billion last quarter, defying a collapse in broader emerging market funding, as international investors wrote bigger checks for growth-stage companies, according to data platform Magnitt. Philip Bahoshy, founder and CEO of Magnitt told Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche that across the board appetite is returning to venture as an asset class from both international and regional community. (Source: Bloomberg)
Battery makers will hasten a shift away from cobalt if the metal’s price — boosted by export limits in the Democratic Republic of Congo — goes even higher, said an executive at the biggest miner of the metal.
Codelco, the world's largest copper mining company, recently announced its investment in I-Pulse, the mining technology company founded by Ivanhoe Mines founder Robert Friedland which uses electric pulses to crush rocks. This aids in mining exploration, and is more energy efficient than traditional exploration methods. Robert Friedland joined Maximo Pacheco, the Chairman of Codelco, to discuss their business partnership, and the innovation they hope to unlock together. Both guests appeared on "The Pulse with Francine Lacqua" on Bloomberg Television. (Source: Bloomberg)
FSB launches fresh criminal case against former Yukos oil magnate and 22 other dissidents in exile
The announcement came three days after María Corina Machado, an opposition leader, was awarded the Nobel Peace Prize.
Investment banking revenue jumped 42% and results beat expectations.
Investment banking revenue jumped 42% and results beat expectations.
Trade tensions reignite between Washington and Beijing, as China sanctions the American units of a South Korean shipping giant and threatens further measures. A pivotal day in Paris with newly reappointed Prime Minister Sébastien Lecornu facing parliament in a high-stakes address that could define his political future. And President Trump calls it 'the dawn of a new Middle East' - but questions remain over what happens next, following US-led efforts to end the fighting in Gaza. Today's guests: Craig Cameron, Head of European Equities at Franklin Templeton, Robert Friedland, Canadian mining billionaire and Founder of I-Pulse, Maximo Pacheco, Chairman of Codelco, Dambisa Moyo, Principal at Versaca Investments, Dietrich Becker, President at Perella Weinberg, a boutique investment bank that advises major clients including Blackrock and Thoma Bravo. (Source: Bloomberg)
Attack on Gazans inspecting homes comes days after fragile ceasefire goes into effect
Evidence of a long-awaited supply overhang on global crude markets is becoming more tangible.
The return of the remains of four former captives has spurred anger that more were not retrieved. The devastation to Gaza is likely to make the task especially hard.
Patience is paying off for investors who stuck with debt from Petroleos del Peru SA through all the troubles of recent years, with optimism building that the government — as chaotic as it is — will aid its oil company.
Good morning. China hits back at Donald Trump over tariffs. Your renovation is about to get more pricey as lumber tariffs kick in. And the average sticker price of a new car rose above $50,000 for the first time. Listen to the day’s top stories.
Automaker cites end of government-funded subsidies and regulatory mandates that fueled electric-vehicle growth.
Global equities fell after China upped the ante in its trade dispute with the US, stirring fresh concerns over tensions between Beijing and Washington at a time when stocks look stretched after a relentless rally. A record share of global fund managers said artificial intelligence stocks are in a bubble following a torrid rally this year, according to a survey by Bank of America. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden. (Source: Bloomberg)
Trump’s latest piece of brinkmanship is likely to result in another climbdown
Wells Fargo said its profit increased 9% in the third quarter.
Mauritius Commercial Bank Ltd. said the withdrawal of global lenders from the continent is providing the Indian Ocean island nation’s biggest financial institution growth momentum in niche markets.
Our reporters explore his skyrocket, his life and his appeal.
A Swiss court has breathed fresh life into a lawsuit filed by investors in Credit Suisse Group AG bonds seeking damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal.
A global survey by Bank of America finds a record share of global fund managers saying artificial intelligence stocks are in a bubble, which was viewed as the biggest market tail risk. Elyas Galou, senior investment strategist at BofA Securities, runs through the findings of the bank’s global fund manager survey. (Source: Bloomberg)
A two-term Democratic governor, Ms. Mills called herself “battle tested” in an interview. But she faces a Democratic primary before she can challenge the Republican incumbent.
JPMorgan says the US needs renewables to power growth in its tech industry. In an interview with Bloomberg Television this morning, the bank’s global head of sustainable solutions Chuka Umunna said it’s not about climate, or the environment, but about becoming self-sufficient.
JPMorgan Chase & Co. reported third-quarter results that saw equity sales and trading revenue and FICC sales and trading revenue beat expectations. Scarlet Fu reports on Bloomberg Television.
Rayonier Inc. and PotlatchDeltic Corp. agreed to combine their businesses, creating a major US timberland owner and lumber manufacturer with a market capitalization of $7.1 billion.
The bank reported a 12% jump in profit that beat expectations, reaping the benefits of a surge in trading and dealmaking.
The bank reported a 12% jump in profit that beat expectations, reaping the benefits of a surge in trading and dealmaking.
General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
There’s a new catchphrase to describe the “sell dollar and buy gold” strategy.
Takeover of Nexperia plunges Netherlands into US-China tech war
Johnson & Johnson raised its full-year sales outlook as it posted gains in both its prescription-drug and medical-device businesses in the latest quarter.
Red Electrica said recent voltage swings didn’t pose a risk to the supply of electricity because they didn’t surpass the acceptable limits.
Autonomous-driving firms Pony AI Inc. and WeRide Inc. have received approval from China’s securities regulator to list shares in Hong Kong, as renewed delisting risks emerge in the US.
Government bonds rallied around the world as escalating trade tensions between the US and China stoked concern that economic growth will falter, prompting investors to seek the safest assets.
Yields on Cameroon’s dollar bonds rose after an opposition leader claimed victory in the country’s presidential election, raising the prospect of political instability in the Central African nation.
China sanctioned five US units of South Korean shipping giant Hanwha Ocean Co. and threatened further retaliatory measures on the industry, the latest in a series of tit-for-tat moves between Beijing and Washington. Rosalind Mathieson reports on Bloomberg Television.
The investment manager’s revenue rose 25% in the third quarter.
A legal dispute between Greece and a group of international investors over securities the country issued in the midst of its sovereign debt crisis has taken another surprising turn, after a London judge suggested the government’s lawyers could represent both sides in the case.
The EU said the fashion labels engaged in unfair pricing strategies which prevented retailers they work with from setting their own prices for their designer products.
BlackRock Inc. pulled in $205 billion of client money in the third quarter as the world’s largest fund manager expanded its footprint in private credit and alternative assets.
President Javier Milei will visit the White House on Tuesday after the Trump administration agreed to provide Argentina a $20 billion lifeline.
Plus, France versus fast fashion.
Wall Street investors looking for a better way to bet on an oil glut or a frigid winter are piling in to a suddenly booming corner of the options market that was long the province of physical commodity traders.
Brands pay 203 Media for authentic street interviews, which the company markets as an antidote to AI slop. But getting real people to stop and talk is harder than prompting a chatbot.
Hamas released hostages and agreed to abide by a cease-fire, but persuading it to lay down its arms is another matter.
We asked Bloomberg Opinion tech columnists in the US, Europe and Asia about the biggest challenges in their part of the world. Here’s what they found. (Source: Bloomberg)
Giorgia Meloni’s government is targeting around €5 billion ($5.8 billion) from lenders for its upcoming budget law and is pushing to reach an agreement with banks on the issue, according to people familiar with the matter.
Wall Street strategists have a warning for dip buyers tempted by Friday’s rout in US stocks: There could be more pain ahead, even as China and the United States are signaling openness to trade talks.
Broadcom is hitching its future to Sam Altman’s vision.
Confidence in the German economy among financial analysts edged up this month, providing a sign of resilience despite enduring uncertainty for firms.
The dollar advanced against most major peers after fresh trade frictions with China rattled risk assets and sent investors looking for havens.
The slowdown at cocoa factories across the world is continuing to deepen, indicating that the impact of last year’s scorching price rally is still looming over processors’ profits and the cost of sweet treats isn’t likely to see a quick reprieve.
The new taxes went into effect on Tuesday as President Trump also threatened to widen his trade war with China.
The recent rally in the shares of luxury goods makers will be put to the test this earnings season, as valuations are already back at demanding levels.
Investor optimism in Germany’s economy improved in September, reflecting hopes that massive fiscal stimulus will pull the country out of its malaise.
As Russia rebuffs President Trump’s diplomatic push, President Volodymyr Zelensky of Ukraine plans to head again to the White House, this time seeking missiles.
How the Democratic nominee for mayor who has stunned the New York establishment is working to shore up support and sustain his momentum.
Once consumed mainly in small, formal tea ceremonies, matcha is now mixed into fruity lattes and preyed on by counterfeiters. Can it survive its own popularity?
The former transportation secretary argues Americans need a new sense of belonging.
The justices have shown a willingness to chip away at the landmark civil rights legislation. A Louisiana case could unravel much of its remaining power.
With the United States surging its military presence in the region and bombing boats, countries in the Caribbean are seeing more flights carrying illegal drugs.
With federal subsidies ending or becoming hard to claim, companies are racing ahead with solar, wind and battery projects.
The story of the man most likely to be the next mayor of New York City — and the promise and peril his ascent poses for the Democratic Party.
I Cavallini is as hard to get into as its Williamsburg precursor, but its Italian cooking is a tad more tentative.
Is a powerful addiction treatment already invented?
Tadashi Yanai champions the U.S. market as vital for Uniqlo’s growth, but remains deeply concerned about rising American protectionism.
This school year, many Texas districts are teaching from an elementary curriculum that features extensive content about the Christian faith, according to a New York Times analysis.
The fierce fight between Amex and Chase is playing out over higher fees, extravagant events and every perk imaginable.
Mounting concerns over Brazilian corporate debt have spread to the nation’s largest biofuel producer, triggering a slump in its bonds as investors slash exposure to risky borrowers in Latin America’s biggest economy after being burned by two sudden routs.
Rayonier could unveil an all-stock acquisition of PotlatchDeltic Tuesday.
Wuhan plans to demolish a shuttered Honda Motor Co. factory and convert the land for housing, underscoring the central Chinese city’s push to find new uses for idle auto plants as overcapacity weighs on the country’s car industry.
European natural-gas prices fell as LNG imports and gas flows from Norway to northwest European terminals increased.
A record share of global fund managers said artificial intelligence stocks are in a bubble following a torrid rally this year, according to a survey by Bank of America Corp.
French Prime Minister Sebastien Lecornu will address parliament on Tuesday, a make-or-break moment for his government in its effort to pass a budget and restore a degree of political stability. Lecornu was reappointed as premier on Friday, just four days after resigning amid political infighting. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
It’s never good when a company puts out a weekend statement to shore up a sliding share price. And that goes double when it’s a bank. This is where Jefferies Financial Group Inc. found itself on Sunday, addressing its entanglement with failing autoparts supplier First Brands Group.
Anna Edwards, Guy Johnson, Lizzy Burden and Skylar Montgomery Koning break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
U.S. stock futures were modestly lower across the board early in Europe following Monday’s bounce.
The oil market faces an even larger surplus than previously anticipated as oil supply growth forecasts for this year and next outpace global demand.
Maros Sefcovic said the measures were causing a lot of problems for European companies, as tensions continue to rise between Brussels and Beijing.
Gold has staged a dramatic rally this year as Russia’s war in Ukraine and the US Trump administration’s unorthodox economic policies sent investors and central banks reaching for safe-haven assets. Right now, however, it’s silver that’s stealing the spotlight.
EasyJet Plc jumped the most in almost three years following a report that Mediterranean Shipping Co. SA is considering a bid for the budget airline alongside an investment firm.
A record oversupply of oil will be bigger than previously estimated and the excess is already starting to build up on ocean going tankers, the International Energy Agency said.
Talks between Ethiopia’s government and holders of a $1 billion defaulted bond collapsed after both sides agreed to terminate the discussions without an agreement.
Citi Wealth Chief Investment Officer Kate Moore discusses the outlook for markets and the impact of US tariffs. Speaking on Bloomberg Television, she says we are "past perhaps tariff shock, but not past tariff pain." Moore adds that President Donald Trump will likely continue to use tariff policy as a negotiating tactic for the duration of his administration. "I think we're likely to see some impact, especially at the low-end consumer in the US, of higher prices into the back end of this year," she adds. (Source: Bloomberg)
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Niamh McBurney, Control Risks, Associate Director and Chuka Umunna, JPMorgan, Global Head of Sustainable Solutions & EMEA Head of Green Economy Investment Banking. (Source: Bloomberg)
The measure is aimed at countering China’s dominance of commercial shipbuilding and helping to revitalize the American industry.
The Chinese commerce ministry has banned Chinese entities and individuals from working with five companies affiliated with South Korean shipbuilder Hanwha Ocean.
Citigroup, Goldman Sachs, JPMorgan and Wells Fargo are due to report this morning
Singapore companies have committed to invest S$5.5 billion ($4.23 billion) in a joint special economic zone in Malaysia’s Johor state since January last year, Singapore Deputy Prime Minister Gan Kim Yong said.
Global stocks came under pressure, as a new round of retaliatory trade measures from China revived concern over tensions with Washington. Brett McGonegal, CEO of Capital Link told Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche that until we get real cooperation from US and China we're going to see a lot of ebbs and flows. (Source: Bloomberg)
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region. Israel's Ambassador to the UAE, Yossi Shelley told Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche that with everyone from the Arab involved and with Trump's help we've arrived at a moment which will be irreversible. (Source: Bloomberg)
Evy Hambro, head of fundamental equities thematic and sector investing at BlackRock, discusses the outlook for silver, gold and the “currency aversion” trade. He also comments on the profitability of firms which mine and produce precious metals. “At these prices these companies are earning enormous margins,” Hambro tells Bloomberg Television. “They’ve never been cheaper than they are right now.”
Aldar Properties PJSC, Abu Dhabi’s largest property developer, generated 1.3 billion dirhams ($354 million) from selling properties in three planned buildings at its Yas Living project, aided by demand from foreign buyers.
Measures extend trade war between Washington and Beijing to third countries
European stocks fell as China has threatened further retaliatory measures against US curbs on its shipping sector. Ericsson AB soared after the Swedish telecom equipment maker reported robust earnings.
The metal has staged a bigger rally than gold this year
Spot gold edged lower. DWS said a major impetus for the gold rally had come from expectations of further U.S. rate cuts.
Sweden’s financial watchdog has opened an investigation into SEB AB over the lender’s handling of major sales in EQT AB shares, known as block trades.
ASML, the world's only maker of 'extreme ultra-violet lithography machines', the kit needed to make the most sophisticated chips, has retaken the crown as Europe's most valuable publicly-listed company. It reports third quarter earnings on Wednesday. Bloomberg's Tom Mackenzie previews the results. (Source: Bloomberg)
Third-quarter upstream production is expected to rise from the previous quarter. The company also anticipates a boost of up to $400 million from higher refining margins.
Official figures showed payroll employment rose by 10,000 between July and August
TKMS is to start trading on the German stock exchange on Oct. 20, concluding the spinoff of a minority stake of the company.
Chinese electric-vehicle maker Seres Group Co. has started gauging investor interest for a Hong Kong listing that may raise $1.5 billion to $2 billion, according to people familiar with the matter.
Unemployment crept up and wage growth slowed in the three months to August, as firms continued to hold back from hiring.
The race among dockless e-bike companies to expand in the city is causing disruption
The police were raiding the house in northern Italy when the blast caused it to collapse, officials said. More than a dozen officers were injured.
BP Plc said weak oil trading performance hit the company’s quarterly profit, while production increased.
The overwhelming majority of Banco Sabadell SA’s clients who are also shareholders spurned BBVA SA’s $19 billion takeover bid, potentially raising doubt that it crossed the 50% threshold.
Egypt is aiming to increase its liquefied natural gas exports over the next five months, a stark turnaround for a country that recently become a net importer of the fuel to stave off a supply crunch at home.
HSBC expected the dollar to bottom out early next year, adding that previous episodes of Fed rate cutting while the U.S. avoided recession point to a weaker USD.
Continuing cost-saving efforts boosted profitability and results also benefited from the $1 billion sale of its Iconectiv connectivity services business.
French government bond yields will likely be higher for a long period of time, and investors need to get used to the situation, Columbia Threadneedle Investments said.
Jimmy Kimmel celebrated that President Trump “finally did something positive” with his role in the deal between Israel and Hamas.
Shares of the South Korean company’s Indian unit opened 50% higher compared with the initial public offering price.
The company raised its outlook for the second time this year after artificial intelligence helped power its top line.
The flavor-and-fragrance company reported sales of $7.14 billion for the first nine months of 2025, up 5.7% from the same period the year prior on a like-for-like basis.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Good morning. Sebastien Lecornu will address parliament, the first time since he was reappointed as French prime minister. The rich are keeping their London homes despite leaving the UK. And LVMH sales figures are out today. Listen to the day’s top stories.
Chinese cosmetic brand Florasis is shifting the focus of its global expansion away from the US, underscoring how growing trade tensions between Washington and Beijing could shape the American ambitions of mainland consumer brands.
James Aitken, Founder of Aitken Advisors, discusses the outlook for macro markets and the investment landscape. He speaks with Paul Allen from the sidelines of the 'Citi Australia & New Zealand Investment Conference' in Sydney. (Source: Bloomberg)
Extra costs from President Donald Trump’s US port fees spell further pain for Chinese container shipping companies, which are already dealing with an escalating trade war and lower freight rates.
Kenya Airways Plc is on a mission to prove that sustainable aviation fuel can be made in Africa, potentially giving it a new way to seek financing to cut its emissions.
Rene Benko’s $27 billion property empire once spanned New York’s Chrysler Building and London’s Selfridges department store, luring sophisticated global investors.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Hong Kong with Shery Ahn and Annabelle Droulers, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Wheat fell for a fourth day and headed for its lowest close since 2020 on an improved supply outlook and renewed US-China trade tensions.
US Treasury secretary says China’s restrictions on critical mineral will hurt their own international standing
China has imposed curbs on the American units of Hanwha Ocean Co., one of South Korea’s biggest shipbuilders, as it targets US measures against the Chinese shipping sector.
Google’s investment in South Carolina will go toward scaling up its Berkeley County data center campus, supporting construction, energy affordability and workforce training programs.
Florasis Global Markets President Gabby Chen says the C-beauty brand has shifted its strategy to focusing outside of the US, their top global market, due to the geopolitical landscape. She tells Bloomberg's Minmin Low that the company is now eyeing growth in Southeast Asia. (Source: Bloomberg)
Mi Zhou, senior researcher at a think tank under China's Ministry of Commerce, says curbs on rare earth exports are not a ban but a means to support companies in following market rules. Speaking to "Bloomberg: The China Show," Zhou also calls on the Trump administration to try to build a trust-based relationship with China. (Source: Bloomberg)
In June, French president Emmanuel Macron held an exclusive dinner at the Élysée Palace with a special guest: Nvidia’s Jensen Huang. Wine glasses clinked in honor of a deal his company had just unveiled with Mistral, the leading French artificial intelligence startup, to develop France’s largest data centers.
The measure is aimed at countering China’s dominance of commercial shipbuilding and helping to revitalize the American industry.
The new taxes went into effect on Tuesday as President Trump also threatened to widen his trade war with China.
Standard Bank Group Ltd.’s Kenyan unit is in talks to acquire NCBA Group Plc, according to people with knowledge of the matter, a move that would potentially create the East African nation’s third-biggest lender by assets.
Israeli premier wagers Trump can help rewrite narrative around worst security failure in nation’s history
Europe’s most valuable start-up has waited years for approval to begin lending in its home market
Rally in heavily shorted stocks comes as AI hype and hopes of lower rates push S&P 500 to record highs
Productivity gains won’t necessarily translate into the embrace of free time — especially in America
The party can’t keep expecting successful people to pretend that leaving the EU was a good idea
Markets are rebounding from Trump’s tariffs shock. The dynamic is different for consumers.
Legal firms are overwhelmed with enquiries from companies and individuals after Trump and Starmer harden policies
Chancellor Friedrich Merz seeking to reignite economy and address challenges of a shrinking workforce
Adam Levinson of Graticule Asset Management Asia shares his views on the so-called "debasement trade." He tells Bloomberg Television that the trend is "really primarily an anti-fiat currency movement that's a function of the lack of trust in a lot of governments around the world." (Source: Bloomberg)
Australian Prime Minister Anthony Albanese is set to meet President Trump next week, following months of delays. With tensions simmering over the AUKUS defense pact and Canberra’s bid to challenge China’s dominance in critical minerals, Sam Roggeveen of the Lowy Institute breaks down what’s at stake in this high-profile meeting on "Bloomberg: The Asia Trade." (Source: Bloomberg)
ASX Ltd. aims to encourage more listings by speeding up initial public offerings and broadening index eligibility, as Australia’s main exchange operator contends with competition from Cboe Global Markets Inc.
Iron ore fell from the highest since late February as some concerns over potential supply issues from new port fees in China eased.
Executives predict Beijing’s tighter controls will lead to production delays and higher prices
Pop Mart International Group Ltd. shares climbed the most in nearly two months after Apple Inc. Chief Executive Officer Tim Cook’s visit to a Labubu exhibition rekindled investor enthusiasm over the Chinese toymaker.
China dismissed complaints from the US that it didn’t respond to inquiries over its latest export curbs on rare earths, saying Beijing has been maintaining communications over trade issues despite recent tensions.
A spate of suspected Russian drone appearances across Europe has forced countries to look for novel ways to protect their airspace.
A US-sanctioned liquefied natural-gas plant in Russia’s arctic region has pressed on with fuel shipments as Moscow seeks to circumvent western restrictions and test President Donald Trump.
Before the trading day starts, we bring you a digest of the key news and events that are likely to move markets. Today we look at:
A storm like this is rare for October, forecasters said.
Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during a real estate crisis that has triggered $130 billion of defaults.
A Singapore-based managing director of private equity giant Warburg Pincus LLC is buying a S$23.9 million ($18 million) mansion, adding to a wave of high-end property deals that are bolstering the country’s luxury housing market.
The president’s bellicose vow of steep new tariffs, followed quickly by a more conciliatory message, pointed to an internal tug of war over his approach.
The shooting in Leland, Miss., which killed six people, was the deadliest of three across the state over the weekend.
Taiwan is calling on its asset-rich life insurers to give billions of investment mandates to domestic money managers in a government push to turn the chip-making economy into a regional financial hub.
Tata Motors Ltd. shares will begin trading Tuesday without the value of its commercial vehicles business, marking the final step in the automaker’s split into two listed entities.
India is close to resolving its long-running dispute with the European Securities and Markets Authority over regulatory oversight of local clearing agencies, according to a person familiar with the matter.
The Reserve Bank of Australia said future policy decisions will remain dependent on the flow of economic data.
Mark Woodruff, Australia and New Zealand CEO at Citi, discusses the outlook for the Australian economy and policy from the Reserve Bank of Australia. He speaks with Paul Allen from the sidelines of the 'Citi Australia & New Zealand Investment Conference' in Sydney. (Source: Bloomberg)
Singapore’s central bank kept its monetary-policy settings unchanged as it struck a somewhat cautious tone on the inflation outlook.
After the Gaza cease-fire, the president is aiming for a broader peace in a region transformed by two years of fighting.
President Trump is trying to publicly ease tensions with China to soothe markets while privately keeping up pressure on Beijing.
SpaceX’s Starship lifted off for space on Monday in a closely watched test of the megarocket’s ability to deploy satellites and return to Earth intact. (Source: Bloomberg)
A revamp of ANZ Group Holdings Ltd. under Chief Executive Officer Nuno Matos is showing signs of early success, as shares in the Australian lender widen their performance to rivals.
Catapult Sports is looking to its latest acquisition to help lower-tier soccer teams target the billions of dollars that the sport’s giants splurge each year on player transfers.
Australia’s central bank said the risk of faster inflation at a time when the labor market is “still a little tight” underpinned its decision to keep interest rates unchanged last month, reiterating that policymakers will remain cautious and data-dependent in future decisions.
Representative Mikie Sherrill, a New Jersey Democrat, said a firm once owned by her Republican opponent, Jack Ciattarelli, spread misinformation about opioids. His campaign has threatened to sue her for defamation.
Asian rare earth stocks extended gains as escalating US-China tensions reignited investor interest in strategic minerals.
Australia’s central bank could be finished with interest-rate reductions as private-sector activity picks up and buoyancy returns to consumers, according to Citigroup Inc.’s top domestic banker.
JPMorgan Asset Management wants to double its Asia-Pacific assets under management to $600 billion in five years, as the firm sees growth in active exchange-traded funds and new markets in the region.
Singapore kept its monetary policy unchanged amid stronger-than-expected economic growth despite the risks from President Donald Trump’ global trade war.
A fire knocked a crucial aluminum supplier offline until next year. Moneymaking F-150 trucks are vulnerable.
Chinese zinc producers are preparing to sell the metal overseas, as a rare trading opportunity opens up after a spike in international prices.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Evelyn Farkas, Executive Director of the McCain Institute at Arizona State University, discusses what next steps potentially look like for Israel & Hamas now that the Israeli hostages are free. Rep. Jake Auchincloss (D-MA) talks about whether or not Democrats need to change their negotiation strategy as the government shutdown reaches its third week. Henrietta Levin shares what US and China relationships are like after Trump set to impose additional tariffs on China and if President Xi and President Trump will still meet. (Source: Bloomberg)
The South Korean technology giant expects earnings to have rebounded strongly on a recovery in its flagship semiconductor segment, beating market expectations.
Ahead of the selloff, two accounts on Hyperliquid placed massive bets that bitcoin and ether would fall.
The document from a summit in Egypt left many questions unanswered.
Beneath the surface of the short-term ups and downs of financial markets, a longer-term repricing of multiple assets may be underway as investors seek to protect themselves from the threats posed by runaway budget deficits.
LG Electronics India Ltd. appears to be poised to rise in its Mumbai trading debut on Tuesday after investors flocked to its initial public offering, making it the country’s most oversubscribed billion-dollar deal of its kind in 17 years.
Oil steadied after paring a slump in the week’s opening session, as investors weigh the fallout of renewed US-China trade tensions against demand.
Brazilian Rare Earths Ltd., backed by richest Australian Gina Rinehart, raised A$120 million ($78 million) selling new shares as it seeks to develop a project for the key materials used in electric vehicles and defense equipment. The stock surged as much as 12% after reopening Tuesday.
Santos Ltd. Chief Financial Officer Sherry Duhe has resigned after just one year in the role.
The Washington Post, The New York Times, Newsmax and others said their journalists would not agree to the Defense Department’s policies on news gathering ahead of a Tuesday deadline.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are TD securities’ Oscar Munoz, ABAXX Technologies’ Josh Crumb, Council on Foreign Relations’ Richard Haass, Redpoint Ventures’ Erica Brescia, Glenmede’s Jason Pride, Former Kansas City Fed President Thomas Hoenig, Unison Advisors’ Nir Kaissar, Ethan Allen’s Farooq Kathwari, Piper Sandler’s Scott Siefers. (Source: Bloomberg)
The Trump administration has pushed Republican leaders to redraw House district maps before the midterm elections next year. His party already holds 10 of North Carolina’s 14 congressional seats.
Farooq Kathwari, Ethan Allen CEO, says the company manufactures across North America, including Mexico and Honduras, and currently faces minimal tariff impact. He speaks with Matt Miller and Katie Greifeld on “The Close.” (Source: Bloomberg)
Former Kansas City Fed President Thomas Hoenig says inflation is entrenched at around 3% and likely to rise. He tells Katie Greifeld and Matt Miller on “The Close” that there’s still a large amount of money waiting to be spent and strong demand, stressing that “we’re in an inflationary boom right now.” (Source: Bloomberg)
Rep. Jake Auchincloss (D-MA) discusses the Israeli hostages being released and whether or not Democrats need to change their negotiation strategy as the government shutdown reaches its third week. Rep. Auchincloss speaks with Joe Matheiu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Evelyn Farkas, Executive Director of the McCain Institute at Arizona State University, discusses what next steps potentially look like for Israel & Hamas now that the Israeli hostages are free. Farkas states this is a "wonderful first step," but that many questions still remain and talks about how President Trump was able to achieve this when other world leaders were not as successful. Evelyn speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
For many of her fans, she was like a rare bird soaring from bygone days when progress and growing freedoms for women seemed inevitable.
The Australian dollar may struggle to hold gains against the yen in the near term as the resurgence in US-China trade tensions and political uncertainty in Japan weigh on the currency pair.
Japanese stocks look set to slide when markets reopen after a three-day weekend, even as renewed optimism over US-China trade talks lifts sentiment across global equities.
Axon Enterprise introduced the Axon Body Workforce Mini, a compact and durable body camera designed for retail, healthcare, and other frontline workers, featuring advanced communication tools and battery life. The new camera comes as Axon moves to expand their offerings beyond law enforcement. Josh Isner, President of Axon discusses the product's release and the company's AI push. (Source: Bloomberg)
Blackstone Inc. has picked banks for an initial public offering of Emerson Electric Co.’s former Climate Technologies arm, according to people familiar with the matter, two and a half years after the closing of a deal that valued the business at $14 billion.
The Israeli prime minister, Benjamin Netanyahu, has been on trial for corruption since 2020, battling charges of bribery, fraud and breach of trust in three separate but related cases.
A sprawling array of streaming, cable and film properties could position a combined company to better compete with media and tech giants.
As SpaceX prepares to launch Flight 11 of its Starship megarocket, Ezinne Uzo-Okoro, a former NASA executive, says it is a sign the industry is becoming a reliable asset class even with NASA closed as part of the government shutdown. Uzo-Okoro, a senior fellow at Harvard Belfer Center, joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
The altcoin casino blew up in speculator fashion last week — and it’s not clear the gamblers are coming back.
Spot silver prices surged to an all-time high above $52.50 an ounce, eclipsing a peak set in during a notorious attempt to the corner the global market in 1980.
Alex Rodriguez and Jason Kelly sit with Erika Ayers Badan, former chief executive of Barstool Sports and current CEO of Food52, to discuss navigating turnarounds and how setbacks can fuel growth. (Source: Bloomberg)
Keep tabs on the flurry of executive orders, memos and actions so far in President Trump’s second term.
After quietly helping Mel Brooks set the irreverent tone on “Get Smart” and “The Producers,” she had a long collaboration as a writer with the actor and humorist Marshall Efron.
Energy Capital Partners, part of Bridgepoint Group Plc, is selling North American recycling platform Liberty Tire Recycling to infrastructure firm I Squared Capital for $1.5 billion, including debt, according to people familiar with the matter.
Fluence Energy Inc. expects US orders to make up a large share of its backlog next year as power demand surges from electrification and data center growth.
The Palestinian leader was recently denied a U.S. visa, preventing him from going to the United Nations last month to witness the recognition of a Palestinian state by several nations.
José Daniel Ferrer said long periods in solitary confinement left him feeling buried alive. Secretary of State Marco Rubio welcomed his arrival in Miami.
The New York Times, The Wall Street Journal and CNN are among the outlets that have said they won’t sign a new Defense Department media policy.
Brussels imposes border taxes to offset the cost of climate obsessions.
Israel won the war. Now the challenge, especially for the Arab and Muslim countries, is to ensure that Hamas loses the peace.
The dissident says he’s going into exile with his honor intact, ‘and not for long.’
Kentucky Governor Andy Beshear on how Trump’s trade war is hitting the state’s manufacturing hubs – not to mention bourbon.
Good morning. Trump marks the end of the war in Gaza. Musk’s Dubai Loop may be ready next year. And a six-part Taylor Swift docuseries will hit Disney+ in December. Listen to the day’s top stories.
Rio Tinto Group’s third-quarter iron ore shipments were steady from the year before, as the major producer invests heavily to maintain output despite plateauing Chinese demand for steel.
We talk to our Jerusalem bureau chief, David Halbfinger, about what comes after the cease-fire deal in Gaza.
Torrential rains set off deadly floods and landslides across five Mexican states, leaving a trail of destruction.
At The New York Times and then ARTnews, which he bought, he brought an investigative edge to stories about artwork looted by the Germans during World War II and the Soviets afterward.
But the core cause of the conflict hasn’t been and perhaps can’t be resolved.
As U.S. shipbuilding wanes, China’s sea power multiplies.
The move followed weeks of intense and deadly protests against the government of President Andry Rajoelina, who himself came to power in a coup.
The deal aims to bolster Goldman’s ability to provide solutions for technology entrepreneurs, the company said.
President Donald Trump says the war in Gaza is over? But is it? Richard Haass, Council on Foreign Relations president emeritus, says the harder part is to come as leaders try to figure out what's next in the Gaza Strip. (Source: Bloomberg)
Dominari Holdings’ Kyle Wool has helped Donald Jr. and Eric make more than half a billion dollars boosting stocks.
OpenAI signed a multiyear agreement with Broadcom to collaborate on custom chips and networking equipment, marking the startup’s latest deal with a semiconductor maker. Bloomberg Intelligence analyst Mandeep Singh discusses what this Broadcom deal offers OpenAI that the deals with Nvidia and AMD don’t. Singh joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Matt Miller, Carol Massar and Bailey Lipschultz. (Source: Bloomberg)
With Hamas freeing the last 20 living Israeli hostages and Israel releasing some 2,000 Palestinian prisoners, President Trump proclaimed an ‘end’ to the war, but big questions about Gaza’s future remain.
The Israeli prime minister, Benjamin Netanyahu, has been on trial for corruption since 2020, battling charges of bribery, fraud and breach of trust in three separate but related cases.
Japanese markets are poised for a turbulent open after a three-day weekend following the collapse of the nation’s ruling coalition and another flare-up in US-China trade tensions.
Former US Supreme Court Justice Anthony Kennedy said the high court is harmed by “too much partisanship,” a problem he blames on presidents and a confirmation process that increasingly focuses on politics over temperament. He speaks with David Rubenstein at 92NY for an upcoming episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” airing November 12 at 9p.m. In New York. (Source: Bloomberg)
Goldman Sachs Group Inc. said it agreed to buy venture capital firm Industry Ventures as part of an expansion of the company’s asset-management division.
Pressure on Hamas worked for Gaza, but ahead of President Zelensky’s visit to the White House on Friday, Trump has yet to fully ramp up pressure on Russia.
Pressure on Hamas worked for Gaza, but ahead of President Zelensky’s visit to the White House on Friday, Trump has yet to fully ramp up pressure on Russia.
Tech shares led a broad market rebound after administration officials’ comments eased fears of a renewed U.S.-China trade war. The Nasdaq composite rose 2.2%, and the S&P 500 added 1.6%.
Gov. Gavin Newsom signed two laws to check private-equity medical deals in the past week.
Fastenal pricing was weaker than expected in the third quarter, marking the second straight quarter of softer pricing, causing shares to fall Monday. CEO Dan Florness joined Carol Massar and Bailey Lipschultz on 'Bloomberg Businessweek Daily' to discuss consumer pushback on pricing increases and the impacts of tariffs. (Source: Bloomberg)
Sale of heavyweight bike brand expected to boost Polaris’s profits and allow company to focus on core off-road vehicle business.
The meat-alternative producer plans to issue new shares after a debt exchange gives it more time to restructure the business.
Volatility is a cost of doing business with China, says Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue University. She joins Caroline Hyde on “Bloomberg Tech” to talk about why markets need to bake in that volatility. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Angel Oak Capital Senior Portfolio Manager Cheryl Pate, Bloomberg's Tyler Kendall and Oliver Crook. (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Bailey Lipschultz discuss the significance of today's ceasefire in the Middle East. Bloomberg's Oliver Crook joins the show to break it down. Also on today's show, CSIS Middle East Program Director and Senior Adviser Mona Yacoubian talks next steps in Gaza following the ceasefire agreement, Fastenal Chief Executive Officer Dan Florness on stock performance following weak third quarter earnings, and Levi Strauss & Co. Chief Financial Officer Harmit Singh talks tariff impacts blunting higher sales outlook. (Source: Bloomberg)
Despite Levi Strauss & Co.'s updated earnings guidance falling short of investor expectations, namely earnings growth failing to match the pace of sale expansion, CFO Harmit Singh believes that, overall, the company is strong, defined by "accelerated growth, expanding margins, and higher return on invested capital." He joined Carol Massar and Bailey Lipschultz on 'Bloomberg Businessweek Daily' to discuss denim sales and the impacts of tariffs. (Source: Bloomberg)
President Donald Trump led a global summit in Egypt on Gaza's future. Trump signed the peace agreement with Israel alongside his Egyptian counterpart. Almost three dozen world leaders from Europe and the Middle East attended the summit, including Egyptian President Abdel Fattah el-Sisi, French President Emmanuel Macron, German Chancellor Friedrich Merz, Qatar’s Emir Sheikh Tamim bin Hamad al Thani, Italian Premier Giorgia Meloni, UK Prime Minister Keir Starmer and Palestinian President Mahmoud Abbas. They all lined up to shake Trump's hand and pose for a picture. (Source: Bloomberg)
Harding Loevner Portfolio Manager Uday Cheruvu says investors are going to eventually need to see revenue growth to justify high capital expenditures. Cheruvu discusses the latest market movements with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
With the releases, Israelis basked in a joyous moment of unifying national redemption after months of agonizing, polarizing war.
The earnings reports from Wall Street’s biggest banks are poised to get even more scrutiny than usual this week. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital Advisors says that she sees a strong earnings season for US banks as M&A activity picks up. She discussed her expectation on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Success of ‘The Life of a Showgirl’ unprecedented in era of declining music purchases
Bitcoin’s modest recovery after Friday’s record crypto crash has done little to ease the fallout from over $20 billion purge of leveraged bets that left parts of the market incapacitated. The unprecedented washout erased months of speculative build-up and forced some funds out entirely, traders say.
A group of influential emerging-market bondholders is floating a proposal that would give developing nations a break on debt payments when disaster strikes.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the release of hostages following a ceasefire agreement in the Middle East. On today's show, Greenwich Media Strategies Founder Hagar Chemali, Stonecourt Capital Partner Rick Davis, and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. (Source: Bloomberg)
Also crypto liquidations, inverse levered ETFs, stock buybacks and trade secrets.
Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies, on President Donald Trump’s Middle East visit and the fragile Gaza ceasefire. President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region. “Today, for the first time anyone can remember, we have a once-in-a-lifetime chance to put the old feuds and bitter hatreds behind us,” Trump said in the Egyptian resort town of Sharm El-Sheikh.” “Together we’re going to forge a magnificent, great and enduring peace.” (Source: Bloomberg)
The cease-fire in Gaza has taken hold. Hostages and prisoners have been exchanged. But amid the utter devastation of two years of war, a sense of gloom pervades.
Pure Storage is disrupting a hard-disk-dominated market by solving the price, power and performance puzzle. Pure Storage CEO Charlie Giancarlo joins Bloomberg Intelligence hardware analyst Woo Jin Ho on this episode of the Tech Disruptors podcast to discuss the company’s flash innovations powering enterprise AI and cloud-scale storage.
A small bump in US tractor sales is raising hopes the farm-machinery sector may be starting to turn around after years of tough conditions.
A violent rally in shares of Advanced Micro Devices last week forced the demise of the GraniteShares 3x Short AMD exchange-traded product, which aimed to offer three times the inverse performance of the stock. Bloomberg Intelligence’s Athanasios Psarofagis speaks on "Bloomberg ETF IQ" with Scarlet Fu and Katie Greifeld. (Source: Bloomberg)
Price increases driven by tariffs will likely prove temporary, according to Philadelphia Fed President Anna Paulson, who also threw her support behind further interest-rate cuts this year as the Fed responds to a slowing labor market.
President Donald Trump kicked off a global summit in Egypt on Gaza’s future, aimed at ensuring the US-led truce in the Middle East turns into a lasting peace. (Source: Bloomberg)
Last week Japan’s governing coalition abruptly collapsed in a major blow to new ruling party leader Sanae Takaichi, plunging the country into one of its biggest political crises in decades and jolting markets. Jeremy Schwartz, global CIO at WisdomTree, speaks with Katie Greifeld and Scarlet Fu on "Bloomberg ETF IQ". They discuss his WisdomTree Japan Hedged Equity ETF (ticker: DXJ), the yen, the new political leadership in Japan and the US dollar. (Source: Bloomberg)
The cease-fire in Gaza has taken hold. Hostages and prisoners have been exchanged. But amid the utter devastation of two years of war, a sense of gloom pervades.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Hagar Chemali, former director for Syria and Lebanon at the National Security Council joins to discuss the future of the middle east. President Donald Trump kicked off a global summit in Egypt on Gaza’s future, aimed at ensuring the US-led truce in the Middle East turns into a lasting peace. The stop was Trump’s second during his whirlwind trip to the region, following a visit to Israel to celebrate the ceasefire with Hamas and welcome back freed hostages that were held by the group, designated a terrorist organization by the US and European Union. (Source: Bloomberg)
LendingTree named its chief operating officer, Scott Peyree, as its new chief executive.
The pop superstar sold four million copies of her latest album, topping a decade-old milestone by Adele. The tally included 1.3 million vinyl LPs.
Banks led by Goldman Sachs Group Inc. and Bank of America Corp. have lined up a €1.215 billion loan for Verisure Plc after the security firm pulled off Europe’s biggest initial public offering in three years.
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: WisdomTree Global CIO Jeremy Schwartz and Bloomberg Intelligence's Athanasios Psarofagis. (Source: Bloomberg)
Apollo Global Management Inc.’s new European private equity lead is betting there is more potential for buyouts in the region, possibly outpacing its home turf.
The financial impacts of the government shutdown are set to escalate this week, even as lawmakers show no signs of reaching a new deal. Military troops could miss their first paychecks on Oct. 15 due to the shutdown. Meanwhile, Americans on Obamacare are beginning to see higher insurance premiums. Nathan Dean of Bloomberg Intelligence is on "Balance of Power." (Source: Bloomberg)
Hamas has released the remaining living Israeli hostages it held in Gaza, as Trump received a hero's welcome on a visit to the Knesset. But questions remain about the US-led ceasefire deal, and where it goes next, as Oliver Crook explains. (Source: Bloomberg)
Philadelphia Federal Reserve Bank President Anna Paulson says monetary policy is “modestly restrictive” and officials should look through the impact of tariffs in consumer price increases. She speaks at the National Association for Business Economics annual meeting.
A lengthy government shutdown, along with rising student and auto loan delinquencies, could weigh on banks as the year comes to a close.
“We were happy for our prisoners — and for the Israelis, too,” one Gaza resident said. “We love peace and the truce.”
Keaton, who died on Saturday, was an actor, director and producer on multiple films and series. Her sole documentary, “Heaven,” explored popular ideas of the afterlife.
President Donald Trump signs the Gaza peace agreement in Egypt alongside his host, President Abdel Fattah el-Sisi. The ceremony took place in the Red Sea resort town of Sharm El-Sheikh. “This took 3,000 years to get to this point, can you believe it? And it’s going to hold up too,” Trump said during the ceremony. Leaders present gathered for a photo together in front of a sign that said “PEACE 2025.” They also took individual photos with Trump. (Source: Bloomberg)
Israel frees more than 1,900 Palestinian prisoners as first phase of peace plan is implemented
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." President Trump calls it “the historic dawn of a new Middle East”—Bloomberg Open Interest is live from Jerusalem on the Gaza peace deal. Plus, trade tensions with China ease as Washington tempers last week’s rhetoric. JPMorgan kicks off earnings season with a $1.5 trillion push into economic security. Broadcom strikes a multi-year deal with OpenAI. And Hamilton Lane’s Erik Hirsch weighs in on what some are calling a private credit bubble. (Source: Bloomberg)
Grindr Inc. shares jumped the most in more than 15 months on Monday after Semafor reported that insiders at the LGBT-focused dating app company are discussing taking it private.
Except for brief references, President Trump did not talk about what it would take to rebuild Gaza or the future of the Palestinian people.
Except for brief references, President Trump did not talk about what it would take to rebuild Gaza or the future of the Palestinian people.
Failed hospital operator’s administrators seeking about £2bn damages from accounting firm in trial over missed ‘red flags’
And what that might mean for the future of American politics.
The U.N. health agency found that one in six infections worldwide was resistant to the most commonly available antibiotics.
Todd Blanche, the deputy attorney general, has helped usher in President Trump’s retribution campaign. But he faces anger on the right for resisting some of the most extreme measures.
Federal Reserve Bank of Philadelphia President Anna Paulson signaled she favors two more quarter-point interest-rate cuts this year, as monetary policy should look through the impact of tariffs in consumer price increases.
Israelis weren’t celebrating vengeance. They were relishing the prospect of peace, security and the end of a nightmare.
Former US Supreme Court Justice Anthony Kennedy said the high court is harmed by “too much partisanship,” a problem he blames on presidents and a confirmation process that increasingly focuses on politics over temperament.
Unless we plan for equitable access, life extension will become privilege extension.
After two years of pain for the country, tears and joy mark moment of collective release
“I made movies for an audience of one, Diane Keaton,” Allen wrote in a remembrance that reflected on the breadth of their relationship.
The French tire maker cut its full-year outlook, citing worsening market conditions including the impact of U.S. tariffs, and a sharp decline in sales in North America.
The diplomatic deals that opened ties between Israel and several Arab countries were hailed as a landmark moment, but have failed to bring peace to the Middle East.
Bearish signs are cropping up across the oil market after US President Donald Trump’s latest tariff threats fanned fears of an imminent oversupply.
Find insight on Tencent, Nvidia and more in the latest Market Talks covering Technology, Media and Telecom.
Zambia has signed bilateral debt-restructuring deals covering some of its obligations to Chinese lenders, including the Export–Import Bank of China, Finance Minister Situmbeko Musokotwane said.
Find insight on the Mississippi River, U.S.-China trade tensions, Qube Holdings, Eagers Automotive and more in the latest Market Talks covering Auto and Transport.
Airbus SE is opening additional assembly lines in the US and China for its bestselling A320neo family as the company tries to reach production of 75 jets a month amid a massive backlog.
Michelin lowered its financial guidance for the year after sales in North America fell more sharply than expected, compounded by a decline in the dollar.
Germany is set to approve the purchase of about €7.5 billion ($8.7 billion) of military equipment as soon as this week as part of its drive to modernize its armed forces and confront the growing threat from Russia.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
If hell is other people, heaven is a self-driving car—especially one bound to replace ride-sharing services.
This summer we learnt that the chancellor’s beach read was the policy guru’s page-turner, Abundance. You read it as well? Yes ok, all of the Bloomberg newsroom did too – my copy has underlined bits aplenty including the conceptual earworm: “In the 1960s it was possible to attend a four year college debt-free but impossible to purchase a flat-screen television. By the 2020s the reality was close to the reverse.”
Economic booms sparked by capitalism can lead to inequality and then political upheaval. Democracy and capitalism, however, tend to improve as a result.
A run for the exits by investors in levered exchange-traded funds on Friday exacerbated the largest single-day stock market selloff since April, according to strategists at JPMorgan Chase & Co.
Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed
The number of homes under construction in London could slump to a quarter of its normal level after sales collapsed to a 15-year low.
Citigroup Inc. has hired two investment bankers in London to build out its team advising private equity firms and other companies selling assets.
The company named Chief Operating Officer Scott Peyree as the company’s new chief executive and Lead Independent Director Steve Ozonian as chairman of the board.
Move over, buffer funds. Forget those income-enhanced strategies. Leverage? Who needs it. Wall Street has found another derivatives-powered bet to stuff inside an ETF: The single-stock autocallable.
Hi, it’s Swetha Gopinath in London, where I caught up with the global head of Blackstone’s secondaries practice to get his predictions for the market in secondhand private assets. Also today, we’re checking in on the India IPO boom.
Warsaw’s national security chief says Moscow is also using a shadow fleet to launch drones into European airspace
Founder is succeeded as CEO by restructuring adviser. Jefferies says selloff is “overdone.”
Erik Hirsch, Hamilton Lane Co-CEO tells Bloomberg Open Interest, "There's a lot of talk about a private credit bubble- and yet when we actually start to see who is doing questionable lending practices it's not the private credit firms - it's the banks." (Source: Bloomberg)
Number 10 insists national security adviser Jonathan Powell played no part in decision to drop prosecution
Baker Hughes Co. has seen an impact of more than $100 million from tariffs this year, within the range that the company forecast in April as US President Donald Trump launched his trade war.
They rose more than 5% Monday to trade around $50 a troy ounce, above the longstanding record close of $48.70 set during one of the 20th century’s biggest commodity-trading scandals.
JPMorgan Chase & Co. will funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years. "We need to act now," said Chief Executive Officer Jamie Dimon in a statement on Monday. Bloomberg's Katherine Doherty reports. (Source: Bloomberg)
Hundreds of Palestinians were released from Israeli jails as part of an exchange at the heart of the ceasefire deal brokered between Hamas and Israel. But one was conspicuously absent: Marwan Barghouti, a prominent Palestinian leader who’s been jailed for more than two decades.
Lori Calvasina, head of US equity strategies at RBC Capital Markets, discusses the continuing market impact of US-China trade issues, but says “this market is really gonna get is mojo going forward” from upcoming earnings reports.
US president has floated selling long-range Tomahawk missiles to Ukraine in bid to end war
Disney+ is giving Swifties one more encore. A six-part docuseries called Taylor Swift/The Eras Tour/The End of an Era will drop on December 12, offering a behind-the-scenes look at the world’s highest-grossing tour. Viewers can expect cameos from Sabrina Carpenter and Ed Sheeran among others. Geetha Ranganatham, media analyst at Bloomberg Intelligence joined Bloomberg Open Interest to talk about the tie-up. (Source: Bloomberg)
“There’s no massive disconnect between the dollar weakness we’ve seen and historical fundamentals behavior,” says Jean Boivin, head of BlackRock Investment Institute. He makes the case that dollar weakness is due to expected Federal Reserve rate cuts and a broader global fiscal story. (Source: Bloomberg)
President Donald Trump leaves Israel where he addressed the parliament about the peace deal to end the war with Hamas. He next travels to Egypt for a signing ceremony on the Gaza plan. Israeli Prime Minister Benjamin Netanyahu was invited by Egypt to attend but is not going. “This is not only the end of a war, this is the end of an age of terror and death and the beginning of the age of faith and hope,” Trump said in remarks from the Knesset. (Source: Bloomberg)
The planned $55 billion leveraged buyout of video-game maker Electronic Arts Inc. is set to rain money on Wall Street, with banks in line to share roughly $500 million in fees for arranging the financing.
Zimbabwe will jeopardize the rare bout of economic stability the southern African nation is currently enjoying if it scraps the use of dollars domestically by 2030 as planned.
The dollar rose on Monday as currency traders shrugged off the latest threat of steep tariifs on China from US President Donald Trump and instead focused on the path for a possible trade deal between the world’s two largest economies.
President Donald Trump says the US wants to help China, not hurt it. He says Xi Jinping had a "bad moment" after he unveiled new export controls on rare earths and other critical minerals. Bloomberg's Tyler Kendall is in Washington with the latest. (Source: Bloomberg)
The president called on Israel and Arab governments to move beyond decades of conflict and war, but he faces obstacles extending the Gaza deal to the wider region.
President Emmanuel Macron of France is facing some of the country’s worst political turmoil in decades. A new government has been appointed, but how long it will last is anyone’s guess.
Companies looking to go public in the US before the Thanksgiving holiday seemingly got a boost when the market regulator made it easier for them to list as the government shutdown grinds on. Advisers say the path opened by the revised guidance isn’t likely to unlock more than a handful of listings.
The aquatic park, a South Florida landmark for 70 years and also the subject of complaints over animal rights, drew visitors on Sunday before closing for good.
State-owned Kuwait Oil Co. made a “major” discovery in the Jazah natural gas field in the OPEC member’s offshore region.
US natural gas futures declined on forecasts for warmer-than-normal weather from Texas to Maine, signaling muted demand for the heating fuel.
President Donald Trump heads to Egypt after delivering a historic speech to the Israeli parliament. Trump is visiting the Middle East to celebrate a peace deal that has halted the war in Gaza and secured the release of hostages by Hamas. But many questions remain about the future of Gaza and how it will be governed. Bloomberg's Oliver Crook is in Jerusalem with the latest. (Source: Bloomberg)
The investment will fund a new AI Incubator Hub, expand workforce-development programs and help companies transform into “agentic enterprises,” Salesforce said Monday.
Dangote Cement Plc has opened a plant in Ivory Coast, which has one of the fastest-growing economies in the region.
US stocks rebounded on Monday, as President Donald Trump dialed back his threats to impose tariffs on China and Broadcom Inc. signed a multi-year deal with OpenAI.
Major gas basins are growing old, and the U.S. lacks the proper infrastructure to ferry molecules where they are needed.
Hong Kong’s most famous activist investor David Webb is calling time on his website, which he founded in 1998 and was key to his decades-long efforts to push for greater transparency in the city’s financial markets.
The bus was carrying passengers from Zimbabwe and Malawi who were traveling back to their home countries.
President Donald Trump called for “the historic dawn of a new Middle East” in an address to the Israeli parliament, as he visits the region to celebrate a deal halting the war in Gaza and securing the release of prisoners held by Hamas. “This is not only the end of a war, this is the end of an age of terror and death and the beginning of the age of faith and hope,” Trump said Monday in remarks from the Knesset. (Source: Bloomberg)
The meeting in Sharm el-Sheikh, Egypt, could expedite an end to the Gaza war, but regional powers must still resolve the thorny details that have stymied negotiations.
The meeting in Sharm el-Sheikh, Egypt, could expedite an end to the Gaza war, but regional powers must still resolve the thorny details that have stymied negotiations.
OpenAI and Broadcom Inc. signed a multiyear agreement to collaborate on custom chips and networking equipment, planning to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026. Caroline Hyde reports on Bloomberg Television.
The rubber meets the road in Chipotle restaurants and the whole company is focused on improving operations, Chief Brand Officer Chris Brandt tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Brandt sits down with BI’s senior restaurant and foodservice analyst Michael Halen to discuss the company’s plans to increase traffic and same-store sales. He comments on limited-time offers, Chipotle Rewards, international expansion and the power of influencer marketing.
Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
Brazil’s state-controlled Petrobras is resuming production at a platform at one of its two biggest offshore oil fields, potentially adding to a global supply surplus that has left crude prices in the low $60-a-barrel range.
US and Chinese officials will also hold talks this week about escalation in trade tensions
Twenty living hostages were freed by Hamas on Monday under the cease-fire deal, and Israel released nearly 2,000 Palestinian prisoners.
Scandinavian banks Svenska Handelsbanken AB and Danske Bank A/S have separately launched new equity funds focused on defense and security, underscoring how investors in the region are seeking to profit from Europe’s military and preparedness buildup.
Hamas freed all 20 remaining Israeli hostages from Gaza on Monday morning, after a US-led deal reached late last week. Here’s how it happened. (Source: Bloomberg)
Australia’s pension funds aren’t providing members with enough guidance and information to help them retire confidently as millions prepare to leave the workforce, according to a report from a key regulator.
Welcome to the Brussels Edition. I’m Sam Stolton, European competition reporter with Bloomberg, bringing you the latest from the European Union. Make sure you’re signed up.US President Donald Trump won scores of European plaudits today, as he declared that “war is over” after sealing a landmark 20-point agreement to halt hostilities between Israel and Hamas. European Commission President Ursula von der Leyen praised the accord as “a moment of relief for the entire world,” and EU leaders includin
After signing multibillion-dollar agreements to use chips from Nvidia and AMD, OpenAI plans to deploy its own designs next year.
The companies plan to deploy 10 gigawatts of custom AI chips over the next four years.
The US government is pushing to buy more private weather data, and could ultimately give away less of it for free, putting global forecasting systems at risk.
Virgin Atlantic Airways Chief Executive Officer Shai Weiss will step down after a seven-year tenure marked by returning the UK airline to an annual profit.
Brookfield Corporation and Brookfield Asset Management agreed to acquire the rest of Oaktree for about $3 billion in an expansion of Brookfield’s private-credit business.
The comedian, actor, and former podcaster discusses his decision to bring “WTF” to a close after 16 years and interviewing its final guest, Barack Obama.
A 2012 stroke has largely kept him from acting, but not from writing — and recording — a new memoir. “It was very peculiar not to be able to speak,” he says.
Patrick James founded the automotive-parts supplier and built it into a giant before its sudden and messy collapse.
Nigel Farage’s Reform UK said it would scrap some of its most eye-catching economic proposals, after the insurgent right-wing party’s poll-lead put it in the cross hairs of more established rivals.
Mr. Watkins had been serving a 29-year sentence for child sex abuse offenses at the Wakefield Prison in northern England.
Charles Moore of Alvarez & Marsal to become ‘interim chief executive’ as well as chief restructuring officer
Senegal raised 450 billion CFA francs ($795 million) selling bonds on a regional exchange, as the government grapples with funding challenges after a hidden-debt scandal constrained its access to international capital markets.
The Organization of the Petroleum Exporting Countries pointed to high debt levels in key economies and tariff uncertainty as areas of concern.
Rupert Pearce’s appointment comes as government seeks to deliver pledge to drive growth through increased military spending
OPEC kept its outlook for the oil market unchanged, while the group and its partners increased crude production by more than half a million barrels a day in September.
Russia has unseated the US as Venezuela’s primary source of naphtha, a petroleum product it needs to dilute its extra-heavy crude, as Washington’s trade policies push the two sanctioned countries into deeper economic cooperation.
A $20 billion lifeline from the US is almost certain to keep Argentina President Javier Milei from being engulfed by a currency crisis in the runup to key mid-term elections this month.
President Donald Trump addressed the Israeli parliament on Monday, calling it “the historic dawn of a new Middle East,” as he visits the region to celebrate a deal halting the war in Gaza and securing the release of prisoners held by Hamas.
New Zealand, one of the world’s largest dairy exporters and a signatory of the Global Methane Pledge, this weekend watered down its 2050 target for cutting methane emissions from livestock and farming activities.
Car manufacturers including Mercedes-Benz Group AG, Ford Motor Co. and Renault SA are facing a mass class-action style trial after about 1.6 million British car owners claimed compensation for the manipulation of their vehicles to cheat on emission tests.
Lottery operator Allwyn and the Organisation of Football Prognostics said they aim to create the second-largest listed gambling company globally after Flutter Entertainment.
Fastenal reported higher third-quarter sales, shrugging off a difficult industry backdrop driven by reduced construction activity.
In a “highly exceptional” move, the Dutch government wrested power of Netherlands-based Nexperia from owner Wingtech, citing risks to economic security.
Companies must invest in new capacity without causing a surge in customer bills.
Beijing’s rare earths announcement got a shortlived overreaction from the US president
The storm has been moving up the East Coast since the weekend, dumping heavy rain and flooding roads on its way toward New England.
Hamas freed all 20 remaining living Israeli hostages from the Gaza Strip on Monday morning, following a US-led deal reached late last week. The Palestinian militant group released them to the International Committee of the Red Cross in two batches. Israel received the first seven hostages around 8:45 a.m. local time and the final 13 were handed to the ICRC roughly two hours later. The release of the first group came just before US President Donald Trump arrived in Israel for a Middle East trip to celebrate the ceasefire deal clinched last week, also with Egyptian, Qatari and Turkish mediation. Trump has said the agreement should end the devastating two-year conflict in Gaza. Today's guests: Kallum Pickering, Peel Hunt Chief Economist, Julien Barnes-Dacey, European Council on Foreign Relations Director, Middle East and North Africa Programme (Source: Bloomberg)
We’re covering the release of hostages in Gaza and of Palestinian prisoners. We’re also covering President Trump’s visit to Israel.
Joel Mokyr of Northwestern University, Philippe Aghion of the London School of Economics and INSEAD in Paris, and Peter Howitt at Brown University were awarded the 2025 Nobel Prize for economics for their work on the role of innovation in generating economic expansion. (Source: Associated Press)
Good morning. Hamas releases all remaining living hostages as Donald Trump arrives in Israel to celebrate the peace deal. US-China trade tensions ease. And how ‘sideways’ succession is reshaping global wealth. Listen to the day’s top stories.
The US junk bond rally came to a halt on Friday with the biggest one-day loss in six months, as the risk premium surged to near a four-month peak of 304 basis points. Yields climbed to 6.99%, the highest in more than two months.
Find insight on HSBC, Netwealth, L1 Group and more in the latest Market Talks covering Financial Services.
Chile’s government whacked up its estimate for this year’s fiscal deficit earlier this month. Economists are warning it’s still not enough to be totally realistic.
US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown reached a standoff on Monday, with both countries claiming the ball was now in the other’s court.
Brookfield is nearing a deal to acquire the rest of distressed-debt specialist Oaktree Capital Management, people with knowledge of the matter said, adding further heft to its credit business that’s emerged as a key driver of growth in recent years.
President Donald Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions while also warning that recent export controls announced by Beijing were a major barrier to talks. Most major cryptocurrencies rebounded from steep losses suffered over a brutal weekend selloff. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Lizzie Burden. (Source: Bloomberg)
A ceasefire and hostage release are cause for celebration. But big questions remain about the rest of the Trump plan
The Wall Street firm sought to reassure investors it can absorb any potential losses related to the First Brands bankruptcy, after its shares fell 18% last week.
Investors had been looking for a reason to sell. On Friday, Donald Trump gave them one.
Hostages have been released in Israel while thousands of Palestinians returned to Gaza City to sift through bombed out buildings after Israel withdrew its troops as part of a US-brokered ceasefire. Adam Ramey, Associate Dean of Social Science; Associate Professor of Political Science at New York University in Abu Dhabi told Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche that this deal will be seen as a success story for President Trump. (Source: Bloomberg)
India’s inflation eased below the central bank’s target range for the second time this year, strengthening the case for an interest rate cut as economic growth faces pressure from high US tariffs on Indian goods.
Oracle Corp. will get a chance this week to reassure investors that a rally which has added roughly $370 billion to its market value this year is on stable footing.
Equity analyst sentiment toward corporate profits is losing momentum at a time when US stocks are trading near record highs, suggesting the rally could face speed bumps this earnings season.
US President Donald Trump is in Israel and will address the Knesset in Jerusalem on Monday as part of his visit to the Middle East to celebrate a deal halting the war in Gaza and securing the release of prisoners held by Hamas. There are questions about how the next steps of the complex peace plan can be implemented, including the stabilization force to patrol Gaza and how quickly Israeli forces withdraw. Bloomberg’s Joumanna Bercetche reports.
Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of key European Union climate and human rights legislation and contrasted the continent’s energy strategy with the “balanced” conversation being led by US President Donald Trump’s administration.
The accolade was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt.
In her first public appearance since she was indicted on a federal charge of bank fraud, Ms. James is expected to rebuke President Trump and make a case for Mr. Mamdani.
Bank of America Corp. is planning a significant risk transfer tied to a $3 billion portfolio of loans to private market funds, according to people familiar with the matter.
Plus, what happened to beheaded Columbus statues.
London-based group seeks valuation of $8bn as global investors snap up deals with fast-growing AI start-ups
Jamie Dimon adopts ‘America First’ policies touted by Trump administration
The investment bank pledges to take stakes in companies such as mineral producers, artificial-intelligence firms and others.
JPMorganChase plans a 10-year, $1.5 trillion initiative to shore up America’s resiliency.
The earnings reports from Wall Street’s biggest banks are poised to get even more scrutiny than usual this week, as the US government shutdown leaves investors desperate for a fresh read on the economy.
The investment bank pledges to take stakes in companies such as mineral producers, artificial-intelligence firms and others.
Three economists Joel Mokyr, Philippe Aghion and Peter Howitt win award
Egypt’s president has billed the afternoon event as aimed at ending the war in Gaza. President Trump was expected to join alongside more than 20 world leaders.
Joel Mokyr was awarded half of the prize, and Philippe Aghion and Peter Howitt shared the other half.
JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.
Three academics from both sides of the Atlantic will share the 2025 Nobel Prize for economics for their work on the role of innovation in generating economic expansion.
Silver prices surged to new highs on Monday, driven by gold’s historic rally and a massive liquidity squeeze in the London market.
French banks and insurers are tapping the European market for new bonds on Monday, with no sign of investor demand being hit by the country’s ongoing political crisis.
Americans are set to pay more than half of President Donald Trump’s tariff costs as companies raise prices, according to economists of Goldman Sachs Group Inc.
The stars align for a bull run in the sector.
Gig jobs for Lyft and others are helping employees across the government stay afloat until their paychecks resume.
Investors in the tiniest, most speculative US stocks were riding a market-beating rally for months. Then they got a harsh reminder of just how tenuous market confidence can be.
Trevor Burgess sees profits where many don’t: insuring homes against flood damage.
Investment in AI ignited a fire under the U.S. economy. But the technology hasn’t yet fulfilled the promise of making humans work more efficiently.
Eyewear retailer Lenskart Solutions Ltd. and financial services firm Billionbrains Garage Ventures Ltd. are set to raise a combined $1.7 billion via initial public offerings later this month, people familiar with the matter said, adding to India’s deluge of stock listings.
Global oil demand looks set to stay “robust” this year and next, led by growth in developing nations, according to the chief executive of Saudi Aramco.
Chinese markets displayed surprising resilience in the face of escalating trade tensions, underscoring how investors have grown accustomed to tit-for-tat salvos between Washington and Beijing.
Yields on Senegalese dollar bonds jumped after Moody’s Ratings warned there’s a growing risk that the West African nation may need to restructure its debt.
Indonesia is finalizing a memorandum of understanding with the US on certification for radioactive-free cargoes after the US Food and Drug Administration detected trace amounts of cesium-137 in frozen shrimp and cloves shipped from Southeast Asian nation.
President Trump arrived in Israel on Monday as Hamas released the remaining 20 living hostages in Gaza. About 2,000 Palestinians in Israeli jails were set to be released in the coming hours.
An interrogator covertly used a power drill and handgun to menace a prisoner, without permission from the agency’s headquarters.
Shares of the nonbanking financial-services firm added to the surge of equity fundraising in India, one of the world’s fastest-growing economies.
As the Supreme Court seems poised to expand the president’s power, a leading scholar whose work the justices have often cited issued a provocative dissent.
The Kremlin will only negotiate if missiles and drones bring the pain of war home to Russians, Ukrainian officials say.
President Trump has been a cheerleader for coal miners. But these miners say his administration is failing to enforce limits on a lethal workplace hazard.
President Trump has been a cheerleader for coal miners. But these miners say his administration is failing to enforce limits on a lethal workplace hazard.
When I look at the mayor’s race in New York, here’s what I see.
A principle is hollow if it’s not defended under pressure.
With Russian forces gaining slowly on the battlefield, Ukraine hopes its long-range drone campaign will help persuade Vladimir V. Putin to change course.
Guidance and messaging on parenting has never seemed more confusing to some. At a gathering for mothers, the point was to focus on what they had in common.
Drawn by local talent, cheap labor and state cash incentives, start-ups building the weapons of the future are revitalizing manufacturing in once-vibrant industrial towns.
A group of financiers is trying to convince the public to invest heavily in private equity and crypto — a risky gambit with some real 1920s vibes.
India’s rupee has barely budged over the past three weeks, prompting some traders to speculate that the central bank is once again tightening its grip on the currency.
Hundreds of infectious disease specialists have been let go by the Trump administration. Here are four who focused on keeping pandemics at bay.
Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain’s best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.
An Indian trade delegation will visit the US this week as the two nations work toward clinching a deal by the fall deadline, an official told reporters in New Delhi on Monday.
Relations with the US are key for Kosovo even if Washington has indefinitely suspended a process intended to forge closer ties between the two countries, the Balkan nation’s foreign minister said.
Malaysia’s Genting Bhd has made a takeover bid to privatize its Malaysian unit Genting Malaysia Bhd, according to a stock exchange filing on Monday.
Milestone comes as Donald Trump prepares to address Knesset
Welcome to the FTAV hot take factory
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Gershon Baskin, Alliance for Two States, Co-Founder & Co-Director and Aneeka Gupta, WisdomTree, Director of Macroeconomic Research. (Source: Bloomberg)
U.S. stock futures were up to start the week after Trump on Sunday struck a more conciliatory tone about China, but key Asian markets closed lower.
US stocks are at risk of sinking as much as 11% if trade tensions between the US and China aren’t resolved before a November deadline, according to Morgan Stanley’s Michael Wilson.
Saudi Arabia’s government and key state entities are leaning more on debt and slowing the pace of local share sales to finance the kingdom’s economic ambitions. Zeina Rizk, co-head of fixed income at Amwal Capital Partners, discusses the ramifications of the shift with Bloomberg’s Horizons: Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
Blackstone Inc is weighing an offer for UK storage landlord Big Yellow Group Plc.
Jane Foley, Rabobank FX strategy head, discusses current dollar and euro market positioning. "What we're seeing is a little bit of correction," she tells Bloomberg Television. "I think the market has got too long euro and I think that's what we've been seeing in the last few weeks." (Source: Bloomberg)
The cease-fire agreement reached last week contained stipulations for an increase of aid into the territory, where it had been sharply curtailed.
Hamas freed seven living Israeli hostages from the Gaza Strip on Monday morning and the rest of the living hostages, 13 in total, are expected to be freed later in the day. Bloomberg’s Oliver Crook reports from Jerusalem and discusses how likely a lasting peace between Israel and Hamas could be.
Oil tankers and container ships will be among the hardest hit should China’s port fees targeting US vessels take effect on Tuesday, according to Jefferies LLC.
Bank of England Governor Andrew Bailey has vowed to intensify the global policy response to emerging threats from private finance and the growing use of stablecoins.
Almost everyone is talking about us possibly being in a bubble. Regardless of how AI investment ultimately pan out, there is an incredible amount of retail speculative mania in the air. So, how does this environment compare to past periods of exuberance? On this episode, we speak with Andrew Ross Sorkin, the editor of Dealbook, the co-host of CNBC’s Squawk Box, and the author of the new book 1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation. Sorkin, who previou
The conference was billed as a celebration of China’s achievements in supporting women. But the government has mostly wiped out independent advocacy groups.
Futures for the three main indexes are up 1% or more, with Nasdaq-100 futures rising 2%
Gold prices hit a record high, driven by fears of a renewed trade war between the U.S. and China after Trump announced the latest tariff increase on Beijing.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
US President Donald Trump landed at Ben Gurion Airport in Tel Aviv on Monday, where he was welcomed by Israeli Prime Minister Benjamin Netanyahu. Later today, he will address the parliament in Jerusalem before traveling to Egypt for a signing ceremony on the Gaza peace plan. (Source: Associated Press)
The French media company said it would go ahead with plans to pursue a secondary listing in Johannesburg.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
The U.K. digital bank is the latest company cementing fundraising plans as initial public offerings in Europe make a comeback.
Key power brokers attacked Zohran Mamdani and raised millions for his leading opponent in the Democratic primary. Now many are talking to him behind the scenes.
The lender said it is now more likely that a higher number of historical cases are eligible for redress and that the level of compensation is above what had been anticipated.
A local government from the United Arab Emirates is close to securing its first-ever Chinese yuan-denominated syndicated loan, as Middle Eastern entities increasingly turn to Asian banks for funding.
Good morning. Donald Trump softens his tone on trade with China. Emmanuel Macron names a new cabinet. And central London’s exorbitant rents are spreading. Listen to the day’s top stories.
UK lender’s move follows ruling from Financial Conduct Authority
Egyptian President Abdel-Fattah El-Sisi has decided to award the Order of the Nile, the nation’s highest state honor, to US President Donald Trump in recognition for his efforts to broker peace in the region. Hostages are being released as President Trump begins his visit to Israel & Egypt. Rania Al-Mashat, Egpyt Minister for Planning, Economic Development, and International Cooperation spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the significance of this peace deal. (Source: Bloomberg)
In a city that’s no stranger to jaw-dropping sights, the Chinese-made flying car hovering over one of Dubai’s glitziest beach resorts still turned heads.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Canal+ is moving ahead with its plans for a secondary inward listing on South Africa’s bourse as the French group takes full control of the MultiChoice Group Ltd.
China’s exports rose at the fastest pace in six months in September, beating market expectations and underscoring the sector’s continued role as a key growth driver for the world’s second-largest economy.
The leadership election of Japan’s ruling party and the ongoing political uncertainty could make overseas investors reluctant to invest in Japanese government bonds, analysts say.
China’s soybean imports hit a record high for the month of September, even as the country avoids US supplies amid a resurgence in trade tensions between the agriculture powerhouses.
US sanctions on a key Chinese oil import terminal are redirecting crude flows and threatening run cuts at several state-owned refineries.
US President Donald Trump will look to seal the biggest diplomatic achievement of his second term as he travels to the Middle East to herald a deal ending the Israel-Hamas war and greet hostages. Bloomberg’s Dan Williams reports from Jerusalem.
David Meale, head of Eurasia Group's China Practice, says Chinese business executives and government officials are confident they can work with President Trump. Despite escalating trade tensions, he notes that the prevailing mood in Beijing is optimistic, with both sides believing a trade deal is still achievable. Meale speaks with David Ingles and Yvonne Man on "Bloomberg: The China Show." (Source: Bloomberg)
Xiaomi Corp. shares fell the most since April after reports that one of its SU7 electric sedan’s doors failed to open after a fiery crash in the southwest Chinese city of Chengdu, trapping at least one person inside.
The plaza in Tel Aviv has been a focal point for rallies for the release of the hostages and a gathering place for their families and supporters.
The organization has escorted hundreds of people to freedom, but it says it also does important diplomatic work behind the scenes.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Hong Kong and Sydney with Annabelle Droulers and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Developing countries have started taking greater responsibility for their own welfare, leveraging private investment to create economic opportunity.
The latest flare-up in Sino-American trade tensions is reason for investors to shift allocation toward the relatively cheaper and defensive corners of the Chinese stock market, according to strategists.
What happens when Elon Musk calls you names? Make sense of the world with one essential conversation, every weekend. Subscribe to The Mishal Husain Show wherever you get your podcasts. (Source: Bloomberg)
South Korea gave a rare verbal intervention, with authorities saying they are watching for one-sided moves in the currency.
Asian markets had a rocky start to the week as fresh Trump tariff threats rekindled worries about a U.S.-China trade war, sparking a selloff across regional indexes.
Asian markets had a rocky start to the week as fresh Trump tariff threats rekindled worries about a U.S.-China trade war, sparking a selloff across regional indexes.
Donald Trump strikes more conciliatory tone after threatening Beijing with 100% tariffs
Rare earth stocks extended recent gains as fresh tensions between Beijing and Washington over China’s exports of the critical minerals fueled bets on alternative suppliers.
China holds more cards. But in Trump’s favor so far, bond markets aren’t ‘yippy.’
China’s commodities purchases broadly turned higher in September as buyers stocked up to meet the usual rise in industrial demand during the autumn months.
An organization that fought abortion rights in the United States is now an unlikely conduit between MAGA Republicans and Britain’s ascendant Reform U.K. party.
A religion writer and an investigative reporter discuss the Christian group that is forging ties across the Atlantic.
Economists marked up their estimates for US economic growth this year and next, though job growth is expected to remain weak, according to a survey from the National Association for Business Economics.
The Coast Guard and the Alaska National Guard were conducting search-and-rescue operations in two villages along the Bering Sea on Sunday.
America’s attention is turning to its own backyard, but it is discovering that it still can’t go it alone
Vast battery units are shoring up grids and extending the use of clean power
Results are due soon from two studies using semaglutide to treat thousands of people with the disease
CEO Michael Martin targets US IPO to raise capital for deals to keep Strava ahead of rivals including Garmin and Nike
Codelco acquired a stake in a Robert Friedland venture that uses electricity to shatter rocks as the Chilean copper giant seeks to make its aging mines more efficient.
Gingko Tree Investment, which is backed by the government of China, is considering pulling out of a prime piece of commercial real estate in London to avoid having to spend money on a costly refurbishment, according to people familiar with the matter.
Economists have largely abandoned forecasts that the Swiss National Bank will cut interest rates into negative territory, according to a Bloomberg survey.
Latest figures likely to give Beijing confidence as it steps up negotiations with Washington
Tata Capital and LG Electronics India debut this week as companies take advantage of market rebound from Trump turmoil
Chinese shipments overseas grew at the fastest in six months, far exceeding forecasts in a sign of resilience that’s giving Beijing a stronger hand in the latest trade war with the US.
For more than a decade, Poland has been building up for the worst case scenario: becoming the front line in a war between Russia and the West.
Australia’s dollar led a rebound in risk-sensitive currencies as US President Donald Trump’s more conciliatory rhetoric toward China boosted investor sentiment and crimped demand for haven assets.
Wingtech Technology Co. plunged its daily limit of 10% after the Dutch government moved to exert control over its European unit Nexperia, an unusual move that risks inflaming tensions between China and Europe.
Move in exchange for freeing of Palestinian prisoners comes as Donald Trump set to arrive in the region
ANZ Group Holdings Ltd.’s straight-talking chief executive officer said he generally dislikes consultants but realizes they are a necessity in some cases, days after hiring a senior McKinsey & Co. partner to run a key division.
The heads of some of Australia’s biggest pension funds are heading to Britain to meet government members and UK counterparts in a summit designed to encourage investment in the region.
The South Korean consumer-electronics giant’s forecast still beat market consensus, thanks to its affiliates’ solid performance despite tough business conditions.
President Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions. Bloomberg's Minmin Low has the latest. (Source: Bloomberg)
Beijing Kingsoft Office Software Inc.’s shares surged after the Chinese government used the company’s product for a major policy announcement, reflecting optimism about future demand.
Cobalt prices have extended gains to a three-year high, as export curbs in the world’s top producing country threaten to create a shortage of the battery material and erode confidence in its ability to meet demand.
Before the trading day starts, we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Australia’s government has rolled back some of the most contentious elements of a planned tax on large pension balances after its initial plan drew heavy criticism.
Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’
Most major cryptocurrencies rebounded from steep losses suffered over a brutal weekend selloff, as US President Donald Trump sought to quell concerns over its trading relationship with China.
President Javier Milei’s finance chief said the US Treasury’s backstop of Argentina’s peso is unflinching as the libertarian leader prepares to travel to Washington ahead of a crucial midterm vote.
Investors reacted to a pledge from the president on Friday to impose a “massive” new tariff on Chinese imports.
Asian currencies slipped to near the lowest since May as renewed trade tensions between US and China induced caution among traders.
Tata Capital Ltd. is poised to start trading in Mumbai after the shadow lender wrapped up India’s biggest initial public offering of the year.
The European Union and US have squared off over a proposal to slash the global shipping industry’s carbon emissions ahead of a vote this week, with Washington threatening to penalize countries that back the plan.
Chinese equities tumbled and bond futures climbed as investors grew jittery over the prospect of a revived trade war between Beijing and Washington. The offshore yuan rebounded as the central bank set a strong fixing.
The blast that killed 16 people has left area residents reeling, including Sheriff Chris Davis of Humphreys County, who has fought back tears in his public briefings.
Jefferies Financial Group laid out further details of its financial exposure to First Brands’ bankruptcy, which it says it can absorb and does not threaten its business or financials.
David Ellison’s company could take a plan to create a sprawling media conglomerate directly to shareholders.
A selloff in Chinese stocks following renewed Sino-American trade tensions will be an opportunity to buy the dip, market watchers say.
Answers to frequently asked questions about the survey plus links to survey stories and archival data.
In the latest Wall Street Journal survey, forecasters also predict that the Federal Reserve will become less independent.
Edwin Castro is one of the biggest investors snapping up destroyed properties—and he wants to lead in rebuilding his hometown of Altadena.
Malaysia’s spending plan for 2026 will be mildly positive for local assets given the absence of negative surprises, according to analysts.
French bond futures fell from the start of Monday’s trade and the euro edged lower versus the dollar after President Emmanuel Macron announced a new cabinet Sunday.
Natixis Chief Economist for Asia Pacific Alicia García Herrero speaks on Bloomberg's The Asia Trade about a spiraling trade spat between the world’s two leading economies. (Source: Bloomberg)
The NBA returned to China over the weekend with two pre-season games in Macau, marking the end of a politically-sensitive six-year hiatus. Bloomberg's Chief North Asia Correspondent Stephen Engle reports from Macau as the resumption comes as US-China ties again get frayed over trade and geopolitical differences. (Source: Bloomberg)
China Vanke Co.’s recently appointed chairman has resigned from the role, in another blow to the embattled developer facing liquidity challenges.
China’s Sany Heavy Industry Co. is starting to gauge investor interest in its Hong Kong listing, according to the deal’s terms seen by Bloomberg News, inching closer to what would be among the city’s biggest first-time share sales this year.
The automaker has quietly seeded the revival of the domestic magnet industry, locking down supply amid trade tensions.
South Korean battery maker LG Energy Solution Ltd. reported preliminary third-quarter earnings that exceeded analyst estimates, propelled by US tax credits.
Amir Hamzah Azizan, Malaysian Minister of Finance II and Economy, discusses the latest budget plan, GDP forecast and ringgit with Haslinda Amin. (Source: Bloomberg)
Indonesia’s central bank will buy as much as 200 trillion rupiah ($12 billion) of government debt in the secondary market next year, according to analysts, keeping up a blistering pace of bond purchases that has helped soften the blow of heavy foreign selling.
Australia’s fourth-largest bank by market capitalization has scrapped its share buyback and plans to invest in mortgage and commercial bankers as its new CEO tries to boost productivity and returns.
Silver swung near a record as an historic short squeeze in London and US-China trade tensions roiled the market, while gold set a new peak. Elsewhere, fears over potential White House tariffs on gold’s precious metal peers drove platinum and palladium sharply higher.
The president threatens to send the long-range missiles if the war doesn’t end soon.
Institute for Fiscal Studies says reform of taxation is necessary to avoid damage to economy
In Israel, he plans to meet with hostage families and address the Knesset, and in Egypt, he will help lead a summit with more than 20 countries to discuss the peace process in Gaza.
The Malaysian ringgit is set to extend its recent gains as strong domestic spending and the government’s fiscal prudence cushion the blow from US tariffs, Second Finance Minister Amir Hamzah Azizan said.
Pressure on federal workers and contractors grows, while servicemembers get good news.
Hanwha has said two ships on order will be made almost entirely in South Korea.
A quarter of Nir Oz’s population was killed or kidnapped by the militant group.
It was unknown what led up to the crash or if there were any injuries.
US futures jumped in early Asia trading as President Donald Trump signaled openness to a deal with China after a sharp escalation in trade tensions hammered stocks on Friday.
Move by The Hague escalates frictions between western countries and Beijing over access to high-end technology
US stock-index rose, signaling a breather following the worst plunge since April, as US President Donald Trump’s administration signaled openness to a trade deal after tensions between Washington and Beijing escalated last week.
Paramount Skydance wants to buy the parent of HBO. Does anyone else?
Daniel Claxton arrived in Washington over the weekend with his family to see all the highlights of the nation’s capital. But the government shutdown is putting a damper on the trip.
Oil rose after after President Donald Trump’s administration signaled openness to a deal with China to quell fresh trade tensions between the two biggest crude consumers.
Vice President JD Vance asserted in an interview on NBC News’ “Meet the Press” that crime was “out of control” in major U.S. cities.
Australian vintner Treasury Wine Estates Ltd. said it can no longer stand by its earnings guidance for the 2026 financial year and will pause a planned share buyback.
Good morning. The trade spat between the US and China drags on. Politics eclipse central banks in the bond market. And Apple’s smart glasses are a step in the right direction. Listen to the day’s top stories.
Good morning and welcome back, it’s Ainsley here with all the news you need to start your working week.Today’s must-reads:• US opens door to China deal• Qantas customer data stolen• Government mulls rare-earth fund
Our Beijing bureau chief Keith Bradsher reports on new solar and wind projects on the Tibetan Plateau.
Recent meltdowns in the bond and loan markets have investors on edge, sparking a hunt for hidden risks inside portfolios.
Prime Minister Keir Starmer is being urged by senior members of his government to reassess his policy toward China and take a tougher stance on the risks it poses to UK national security in the wake of a collapsed espionage case.
Indonesia is planning to create a financial hub in tourist hotspot Bali as it seeks to boost its lagging economy by attracting international banks, asset managers and private equity firms, according to people familiar with the matter.
Over the last several years, people in India have collectively lost $300 million in what’s known as a “digital arrest.” Bloomberg Opinion columnist Andy Mukherjee explains the scam — and why it can seem very real. (Source: Bloomberg)
Sébastien Lecornu retains Roland Lescure as finance minister
Javier Milei needs U.S. help, but his country really needs dollarization.
Beijing’s latest crackdown on religion includes Ezra Jin Mingri.
On Gaza, President Trump put few, if any, guardrails on Israel’s offensive, bucking international demands for a cease-fire. Then he changed course.
“When you look at the S&P 500, you have to make two calls,” says one analyst. Plus, an interview with Strategy’s Andrew Kang.
High-profile hacks raise fears about the potential economic damage caused by disruption to supply chains and services
Dealmaking rebound finally arrives with large banks expected to report highest advisory and capital markets fees since 2021
Deceptive mortgages contributed to the housing bubble, and investors now ignore corporate red flags.
Tesla has ‘Full Self Driving (Supervised).’ Guard your life at railroad crossings.
The deal in Gaza could permanently change the region for the better—but there are dangers too.
After years of fires that left families tallying every burned toothbrush, a new law is requiring insurers to ease a grueling burden.
His blunt debating and imaginative theorizing about artificial intelligence and the human mind made him a leading scholar. But sexual-harassment allegations ended his career.
Bond investors facing a scant economic calendar will focus on speakers, including Federal Reserve Chair Jerome Powell in a keynote speech at the NABE annual meeting in Philadelphia, and potential further news on tariffs.
The Mid-Atlantic and Northeast will bear the brunt of the storm, which will usher in beach erosion and flooding, Monday into Tuesday, forecasters said.
Bond investors have urged chancellor to increase headroom to avoid breaking borrowing rule
Her character, an early-20th-century journalist, undergoes the most dramatic transformation of the film in ways that the actress was especially suited for.
Her legacy will include the ways she shaped fashion, rather than allowing fashion to shape her.
Broad restrictions could cause supply interruptions for arms makers, as well as manufacturers in the semiconductor, automotive and other sectors.
The star’s emotional transparency and expressive eyes helped us see the Corleones as both fascinating and repellent, just as her character did.
The Pentagon is looking to buy as much as $1 billion of critical minerals to stockpile, the Financial Times reported, citing public filings published in recent months by the Pentagon’s Defense Logistics Agency.
In the short term, use force if necessary to ensure Hamas doesn’t rebuild. In the long term, avoid self-delusion.
Our brains are most efficient—and sustainable.
U.S. Navy assets in the Caribbean have the capacity to strike inside the country.
The Qatari prime minister told The New York Times that Gaza war mediators decided to delay talks on more difficult issues so a hostage-prisoner swap could be concluded quickly.
Under pressure from its overseas hosts and increasingly reviled at home, the militant group had little choice but to relent.
Water shortages in South Texas are posing major risks to a fast-growing industrial hub that’s crucial to President Donald Trump’s twin goals of dominating global energy markets and slashing trade deficits.
John Sawers questions why prosecutors chose not to proceed with trial of two Britons accused of espionage
Week by week, the federal campaign to ramp up immigration enforcement in the Chicago area has created fear and inflamed tensions.
The arrest warrants, issued for more than two dozen people, were part of the country’s continuing struggle to come to terms with its authoritarian past.
Israel began the process of withdrawing troops from Gaza while the US started the clock on a 72-hour window for Hamas to release all remaining hostages, as the complex process of ending the two-year war got underway. Dana Stroul, Senior Fellow and Director of Research at the Washington Institute for Near East Policy, offers her take on the ceasefire agreement and whether it might lead to lasting peace in the region. Dana speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
PKO Bank Polski SA, Poland’s largest lender, is weighing the sale of more covered bonds to individual investors after it raised 1.16 billion zloty ($315 million) from its maiden issuance.
A severe drought has Corpus Christi scrambling to meet growing demand from companies like Exxon and Tesla that have invested billions of dollars in the region.
Rama Duwaji moved to the city to pursue a career in art, met a guy named Zohran Mamdani online, married him, and now could become the city’s first lady before her 30th birthday.
Blazes that firefighters thought had died but then later came roaring back to life have become increasingly common, heightening scrutiny of how first-responders put out wildfires.
With copper prices racing towards record highs, traders were in a bullish mood late last week as they descended on London for the largest gathering in the metals calendar.
Plus. the “cobot” revolution, Musk’s xAI supercomputer bonanza and how AI is complicating career advice, in this edition of the Technology newsletter.
Four people were in critical condition after an early-morning shooting that left at least 20 people injured on Sunday in St. Helena, S.C., according to the Beaufort County Sheriff’s Office.
Israeli soccer officials expected the demonstrations to persist even after a cease-fire took hold in Gaza.
The end of a US trade rule once meant to simplify imports is now threatening small businesses around the world. The Trump Administration’s removal of the “de minimis” tariff exemption — which let shipments under $800 enter the US duty-free — is creating new costs and confusion for independent sellers like British artist Harriet de Winton. What was designed to curb cheap imports from China is now catching small entrepreneurs in its wake. (Source: Bloomberg)
Investors are once again preparing for big earnings-day stock moves, paying up to speculate in a market that’s faltering after it reached a record high.
Workplace tensions and resentment will rise if top performers benefit more than everyone else from artificial-intelligence tools. But there are things companies can do to level the playing field.
The Swiss are seeking closer collaboration on trade with China as Switzerland’s talks with the US administration continue in an attempt to lower tariff rates from a record level.
Russian President Vladimir Putin relaxed the rules on fuel subsidies to the nation’s refiners, allowing them to continue receiving billions of rubles in aid amid intensified Ukrainian attacks on the industry.
Beijing was already seeing growth slow before Trump announced the latest 100% tariff increase, part of a trade-war flare-up that China has blamed on the U.S.
The bull market in US stocks is having its third anniversary on Sunday, but if history is any guide it needs to broaden out soon to keep running.
Your likeness is now fair game for AI. Anyone is a click away from creating a digital version of you.
While he is trying to sell it as a strategic win, the peace deal contradicts many of his coalition’s goals.
Hostage release must become a step towards ending Israeli-Palestinian conflict
Corporate bond routs from Sao Paulo to Istanbul are signaling to investors that the standout run in emerging markets may be starting to show some cracks.
Maria Elena Vizcaino joins Zijia Song in New York to discuss how corporate blowups from Sao Paulo to Istanbul are rattling investors of emerging markets company debt and whether it’ll spread to the rest of the asset class.
From Tennessee classrooms to university research labs, artificial intelligence is helping teachers tailor instruction to every student. Developers like Kira’s Andrea Pasinetti and professors like Shamya Karumbaiah say that AI can act as a digital teaching assistant, tracking progress and giving real-time feedback, but only if it supports, not replaces, the human teacher. (Source: Bloomberg)
After spending a week with Meta’s new display-embedded smart glasses, I’m convinced that Apple made the right call pivoting from the so-called Vision Air to spectacles. Also: The company begins reshuffling its executive team, and its latest product launch is imminent.
Investigators consider whether state-backed actor or organised crime group was involved
Bond holders want an ever-higher premium to hold the debt of developed-nation governments as turmoil in France and Japan underscores how politics is eclipsing central bank policy globally as a key market driver.
A film argues that an American icon may have made his best music in some of his lowest moments.
Isolated confrontations have intensified over the past week into the sharpest escalation of violence between the two countries in years.
Dishonest presidents should be entitled to no deference at all.
Big shifts, mixed signals and uncertainty are shattering macro consensus
Our culture is amok with binaries. We have two major parties, just two, and they are forever opposed.
Survey by Harris Poll on behalf of WSJ finds that only 10% of respondents are dissatisfied with their 401(k) investment offerings; yet many Americans are persuadable.
Qantas Airways said criminals stole nearly six million of its customer records in July as part of an attack on companies around the world.
Under the first phase of the new cease-fire deal, all living hostages in Gaza are expected to be released in the next 24 hours in exchange for about 2,000 Palestinians imprisoned by Israel.
India’s aviation regulator directed Air India Ltd. to reinspect an emergency power system on its Boeing 787 aircrafts on which the module was recently replaced, the Press Trust of India reported.
A UK minister has insisted the government didn’t intervene in an aborted prosecution of two men accused of spying for China amid growing scrutiny over the role of senior officials in the collapse of the case.
Full Israeli withdrawal and disarming of Hamas still in doubt after planned release of prisoners and hostages
The rent vs. buy debate has taken on new meaning for Gen Z thanks to soaring share prices and more investment options.
Georgia construction project was marred by lax rules and frequent accidents, workers say; Hyundai says it took steps to address safety issues.
Shawn Ryan hosts hourslong episodes featuring other veterans, as well as conspiracy theorists and members of the Trump administration.
Pakistan and Afghanistan exchanged heavy fire along their shared border, as tensions between the two neighbors escalated after days of clashes and accusations that each have breached the other’s territory.
The crash was in Sharm el Sheikh, where indirect talks between Israel and Hamas led to a breakthrough deal. The city will also host a summit on Monday.
A telecommunications blackout and restrictions on social media have further isolated Afghans who rely on the internet as a lifeline.
A telecommunications blackout and restrictions on social media have further isolated Afghans who rely on the internet as a lifeline.
Controllers missing work was widely cited as the reason the last shutdown came to an end. But that assumption might have been overblown, according to controllers, aviation safety experts and congressional aides.
The disaster caused by a predicted large earthquake in the Pacific Northwest could be compounded by shaking along the San Andreas fault in California, scientists warned.
Israel’s advocates fear that its conduct of the war has cost it the support of an entire generation of U.S. voters.
U.S. strikes on boats that President Trump says are drug smugglers have unsettled America’s biggest trading partner, where powerful criminal groups produce and smuggle drugs.
Federal layoffs and an end to diversity initiatives have weakened a historically strong labor market for Black workers.
A New York Times investigation points to a coordinated campaign of destruction during last month’s unrest. An official inquiry is underway but answers are growing harder to find.
There is little information in court filings about the dozen plaintiffs who challenged the state’s voting map as an illegal racial gerrymander.
Peter Jackson, the chief executive of Flutter Entertainment, FanDuel’s parent company, is fighting for attention as online gambling spreads across the United States.
In rural Texas, just 40 miles apart, a paramedic and a former small-town mayor got caught up on two sides of a digital “civil war.”
The maligned sculpture — “weird,” “odd,” “bizarre” — is no longer a working fountain or a skateboarding mecca. But its supporters consider it an important city symbol.
The Hungarian leader has secured power by keeping control over the news media. Now, a political opponent is starting to show the limits of his tactics.
Every three months, closed-door meetings of the billionaires who own N.F.L. teams become displays of status, beefs and sometimes Trump-induced headaches.
The militant group and Israel are preparing for captives to be released as early as Sunday, though timing could slip.
The prospect of a revived trade war between Beijing and Washington is threatening to undermine this year’s blistering rally in Chinese stocks and weigh on the yuan.
Long criminalized as the raw material for cocaine, coca is woven into Bolivian life. The government is lobbying the U.N. to ease international restrictions.
Ezra Jin, who built a vibrant church network spanning 40 cities across China, has faced years of intense pressure from authorities.
Chinese President Xi Jinping’s blistering response to Donald Trump violating the terms of their fragile trade truce has reignited a tit-for-tat spiral, exposing the rocky path to any US-China trade deal.
Richard Okello, Sango Capital's co-founder and partner discusses his investment strategy and why he thinks private credit in Africa is set to boom. Speaking to Bloomberg's Jennifer Zabasajja, Okello says investors' perception of the continent is "outdated" and he sees plenty of headroom for growth. (Source: Bloomberg)
Patients’ mental health problems can make transplant decisions even more fraught.
President Paul Biya of Cameroon would be nearly 100 years old by the time he completed his eighth term, but he has promised that “the best is still to come.”
Trump administration challenges Chinese dominance of supply chain for metals essential to defence industry
The thornier second stage of the US president’s plan includes Hamas’s disarmament and Israel’s withdrawal from the strip
Trump administration supported Kyiv’s operations since summer in co-ordinated push to weaken Moscow
Artificial intelligence group hired staff from Nvidia to work on advanced AI that can design and navigate physical spaces
The intellectual energy of new rightwing movements is drawing in young people
US lenders expected to cement global dominance by a significant easing of post-financial crisis rules
MSCI China has surged 39 per cent this year even as many global fund managers branded the country ‘uninvestable’
Lists of hits and misses often feature when talking shop, but for public speaking such rankings raise the stakes
Beijing accuses Washington of imposing fresh restrictions on Chinese companies after trade talks last month
The shootings at historically Black institutions occurred within about 24 hours of three other shootings across rural Mississippi that left at least eight people dead.
The church’s pastor, Ezra Jin Mingri, turned Zion Church into one of China’s largest unofficial congregations, even as government pressure on Christianity increased.
A private home project in Singapore saw a near sellout in its first weekend of sales, underscoring the city-state’s persistently hot residential market despite multiple rounds of government cooling measures.
The Japanese capital is rolling out subsidies for epidurals in a country where cost is a barrier and women are often encouraged to endure the pain of delivery.
China’s recent trade countermeasures on US-related issues were necessary, defensive actions, and Washington should return to negotiations, according to the Ministry of Commerce.
On and off the screen, the star with a distinctive fashion sense was a singular presence.
Sailors scanned for icebergs on a nine-day journey to the U.S.’s northernmost military installation this summer—part of an effort to erode Russia’s vast advantage in the region.
On and off the screen, the star with a distinctive fashion sense was a singular presence.
Though she downplayed it, her role in creating the outfits of “Annie Hall” made her the author of a fascinating career.
A lieutenant to Martin Luther King Jr. and a fellow preacher, he played a vital role in organizing voting-rights protests in 1965 that began with “Bloody Sunday.”
The former supporter, Austin Beutner, who once led the city’s public schools as superintendent, is expected to challenge Ms. Bass’s re-election bid in next year’s mayoral race.
Two people were pulled from the wreckage, the police said. It was not clear what led up to the crash or the severity of the victims’ injuries.
The actress, who died on Saturday at 79, was known for both her dramatic heft and her comedic gifts. Here are some of her highlights.
Tributes from colleagues and fans flooded social media as they learned of her death. Many celebrated her onscreen legacy and some noted her impact on their lives.
Australia is considering setting minimum prices for critical minerals and investing in new rare-earth projects as part of a potential resources deal with the US, the Age reported Sunday.
British Prime Minister Keir Starmer will travel to Egypt to attend the signing ceremony of the peace plan for Gaza on Monday.
The unit appealed to security forces in this southern African nation to disobey their superiors and to refuse to shoot at demonstrators, who have rallied in the streets for more than two weeks.
The deal to halt the war after more than two years means 48 remaining hostages, living and dead, likely will soon be released.
She brought an unconventional personality to scores of roles on television and in movies ranging from zany comedies like “Sleeper” to piercing dramas like “Marvin’s Room.”
The day after crypto experienced its biggest one-day selloff, everyone in the industry was trying to figure out who was left holding the bag.
The law allows only medical exemptions, and the state has one of the highest childhood vaccination rates. But hundreds of families are seeking religious exemptions.
The president said he had identified funds even though Congress has not appropriated new money for the military.
Central bankers, already uneasy about trade tensions and swelling public debt, will collectively confront a new worry in the coming week: the danger of a market crash.
Missiles struck as many people were asleep in classrooms converted into temporary shelters, a doctor said. Paramilitary forces have tightened their siege on El Fasher for over a year.
South African Trade Minister Parks Tau said a trade deal with the US was very close, without providing details.
Viral videos showing caustic behavior have blunted her momentum in the California governor’s race. Other campaigns are scrambling to take advantage.
Republicans were under pressure to issue pay cheques to US forces as congressional stand-off drags on
China accused the US of Cold War-era intervention in Latin America after Treasury Secretary Scott Bessent suggested Argentina’s president was “committed to getting China out.”
Andrew Tulloch is the latest big-name AI researcher to join the social-media giant.
A lot has happened this week. The New York Times Opinion editor Kathleen Kingsbury highlights one thing you shouldn’t miss: After President Trump tried to send the National Guard into Portland, Ore., a federal judge blocked him. Watch Kingsbury explain why the president’s actions defy the fundamental principles of the U.S. Constitution.
The European Central Bank Governing Council member Boris Vujcic suggested he’s comfortable with the current policy settings.
Local authorities said earlier that 18 people were missing after the blast at the ammunition plant. On Saturday, they said they were looking for remains.
The plant owned by Accurate Energetic Systems has long been an economic bedrock for families in rural Hickman and Humphreys Counties.
US hardliners want a tough stance but the US president is taking a more nuanced approach to Beijing
US public transit riders took more than 2 billion trips in the second quarter of this year. All those rides, not to mention the countless more trips by bike, e-bike and foot, represent a major carbon savings compared to traveling by car. Yet President Donald Trump’s administration has yanked funding for mass transit and other no-carbon forms of transit.
Militant group battles rivals and punishes suspected collaborators hours after agreeing ceasefire
Messy weather is headed for New York City and New Jersey, with up to three inches of rain possible. Power failures and road closures are possible with this storm, forecasters said.
The former president, who was diagnosed with an aggressive form of prostate cancer in May, also had a cancerous lesion removed from his forehead recently.
Buyers and sellers are flooding the crowded Midtown block that holds more than 2,500 businesses.
President Donald Trump’s preference to cut one-to-one deals with allies and adversaries has been the hallmark of his self-proclaimed dealmaking magic, but with the China trade truce seemingly teetering on collapse, the fragility of such an approach has been laid bare.
Dozens of sitting judges shared with The Times their concerns about risks to the courts’ legitimacy as the Supreme Court releases opaque orders about Trump administration policies.
US corporate bonds are trading at their highest valuations in decades, but to some investors and strategists, it’s partly an illusion fueled by government dysfunction, and company debt has room to rally more.
The US bank saw its shares drop 18% this week after disclosing details of its ties with First Brands
Lawyers for Luigi Mangione asked a federal judge to dismiss the murder count that could lead to his execution if he were convicted of killing UnitedHealth Group Inc. executive Brian Thompson.
“The entire nation holds its breath,” said the organizers of a weekly protest in Tel Aviv, as the cease-fire paved the way for the release of the remaining hostages.
It was unclear what led up to the shooting in Leland, Miss., which happened as the city was celebrating homecoming weekend, the mayor said.
Serbian President Aleksandar Vucic said he was “very disappointed” with Russia’s decision to offer only a gas deal that runs until the end of the year, after months of talks over a longer agreement.
Former US Treasury Secretary Larry Summers calls prediction markets a powerful tool for understanding public expectations. By letting people put money behind their opinions, platforms like Kalshi and Polymarket can reveal consensus beliefs about elections, policy changes, and global events. Summers says they make forecasting smarter and more transparent. (Source: Bloomberg)
Auditing firm BDO USA has slashed costs as it managed an expensive debt agreement with Apollo Global Management Inc.
High interest rates and fear of economic shocks spur households to build up savings rather than splash out
Parents aren’t sure how to steer their teens in the face of AI workplace upheaval. “There’s a panic,” say experts.
A record-setting surge in US stocks has traders approaching the start of corporate earnings season with elevated expectations and little patience for companies that don’t meet the bar.
Julius Baer Group Ltd. was a key lender to German real estate group Degag Kapital GmbH, which collapsed last year owing almost €50 million ($58 million) to the Swiss firm, Handelsblatt reported.
Israel agreed to free 250 Palestinians serving life sentences, many of whom will be sent into exile. For their families, it brought joy. But for those whose relatives were excluded, it was a crushing blow.
President Donald Trump’s new deportation push has fueled record spending on detention facilities. We talk with the CEO of CoreCivic, one of the nation’s largest private prison firms, and look at how immigration policy is impacting his business. We also visit a community that hosts a major detention facility, and discuss the ongoing debate over profit and human rights. (Source: Bloomberg)
Prediction markets aren’t going to replace polls.
Check a ranking of the best-performing equity indexes this year and the US doesn’t crack the Top 10. You won’t find it in the Top 25, either. Double that, and the S&P 500 is still absent.
A directive, which Israeli officials believe was written by Yahya Sinwar, the powerful leader of Hamas in Gaza, and recordings called for fighters to target soldiers and civilian communities — and to broadcast the violent acts.
Theon International Plc plans to buy a 9.8% stake in Exosens SAS, in a deal that would make it the second-biggest shareholder in the French maker of night-vision goggles.
With the millions being used to deploy troops to Portland, Trump could help with treatment for substance use, with emergency housing, with education.
Courtney Storer, Chef & Culinary Producer of FX’s The Bear, joins Bloomberg Businessweek Daily at Bloomberg Screentime to discuss her role on the Emmy-winning show. Storer explains how she preps the actors in real time to do the cooking on their own, how the scenes are crafted at a fast pace, and more. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Peace abroad and war at home — not very America first!
On this week’s round table: Courts, Congress and chaos under Trump.
Jon Favreau considers how the government shutdown could help Democrats rebuild their fractured party.
The appearance of Hamas police on the streets of Gaza could pose problems for a peace deal, which requires the group give up on governing.
The London silver market has been thrown into turmoil by a massive short squeeze, driving prices above $50 an ounce for only the second time in history and stirring memories of the billionaire Hunt brothers’ notorious attempt to corner the market in 1980.
We love it when people cancel plans, but the cost may be steeper than we realize.
“Elbows Up!” is a collection of essays by prominent Canadians like Margaret Atwood that seeks to make something positive out of Canada’s identity angst.
Test your knowledge of the week’s events as reported in the Wall Street Journal.
Chancellor of the Exchequer Rachel Reeves is looking to increase her fiscal buffer at the upcoming budget, as she seeks to bring down the UK’s borrowing costs and better insulate the government’s finances against market volatility.
With the cease-fire holding overnight, many Palestinians continued to travel toward Gaza City on Saturday to learn what remains of their lives and homes there.
Emmanuel Macron’s movement and legacy unravel as political gambles backfire
Patrick James started out buying small Ohio factories and ended atop a messy conglomerate with piles of hidden debt.
The man who had sworn off any formal role in President Trump’s second term has been at the center of every decision leading up to the breakthrough agreement between Israel and Hamas.
The tech giant is trying to have it both ways in regard to how its search business will fare.
Friday’s market slide—fueled by President Trump’s new threat of “massive” tariffs on goods from China—rattled some investors who thought the 2025 market advance was immune to trade-war tensions
Crypto project Ethena’s yield-bearing stablecoin briefly lost its dollar peg during a market rout that triggered record liquidations.
The blast happened at a plant owned by Accurate Energetic Systems. Officials did not specify a death toll but said 19 people were missing.
The Trump administration said over 4,000 workers would be laid off. Farmers trying to plan next year’s crops don’t have all the tools they need. Some medical services have been curtailed in Native communities.
The effects of a shutdown tend to unfold in stages. As agencies, departments and federal employees figure out how to weather the storm, Karoun Demirjian, a Times reporter, explains what to know.
More than 30 monuments to Christopher Columbus were toppled or taken down in 2020. Now some are being restored, and finding new, usually less-public homes.
The president’s move to fire federal workers and his threats to make others go without pay were aimed at pressuring Democrats to cut a deal to reopen the government. The tactics have fueled Democrats’ resolve.
A growing number of Americans are making thousands by exploiting credit card reward offers.
The People’s Daily newspaper put the star player’s name on an opinion article, an example of the political perils the N.B.A. could face in China.
Las Vegas Sands, owned by the Adelson family, was under pressure in Macau, with billions at stake. That created an opportunity.
The World Gurning Championships in northern England celebrate the centuries-old art of face-pulling.
After winning the Nobel Prize for her searing portraits of the Soviet world unraveling, Svetlana Alexievich worries about the revival of its violent, anti-democratic ways.
Silicon Valley is obsessed with “TBPN,” a streaming show on which no career move is too trivial to document.
Nondescript items can tell stories, good and bad, when archaeologists look at them.
After appointing the same person prime minister for the second time in a week, President Emmanuel Macron is facing calls to explain his stubbornness or resign.
Beijing’s trade curbs and President Trump’s tariff threats show how quickly calm can give way to confrontation between the two largest economies.
Attorney General Letitia James of New York purchased the $137,000 home for a grandniece who needed tranquillity. Prosecutors say it is an impermissible investment property.
Sometimes, they offer a place to stay to immigrant children. Other times, they provide help navigating the legal system. They have become part of the resistance.
The parade, held in North Korea’s capital to celebrate the 80th anniversary of the ruling Workers’ Party, gave its leader a chance to show off his growing power.
The downpours also damaged thousands of homes and cut off power to entire towns. More rain was expected this weekend.
London’s most desirable neighborhoods are out of reach for all but the most affluent tenants, and the effects are rippling out.
Zu teuer sind Deutschlands Sozialausgaben - diese Kritik wird in letzter Zeit immer lauter und erfordert dringend Reformen. Ohne Maßnahmen, steht die wirtschaftliche Erholung auf dem Spiel. (Source: Bloomberg)
“To touch gold is the closest you will ever come to touching eternity.”
Germany’s soul-searching over how to revive its moribund economy is running into a hard truth: a sprawling welfare state is part of the problem.
Recent string of listings offers hope after prolonged slowdown
Return of Israel’s dead hostages from Gaza will mark latest chapter in a conflict where remains have long been negotiating chips
Better to buy the dip and celebrate the UK as an enduring cultural behemoth
As a new generation sets out in the footsteps of Nobu and Zuma, Jay Rayner examines the rise of ‘luxe’ food chains — and whether it has come at a cost
China is building a network of ultrahigh-voltage power lines to carry solar and wind energy hundreds and even thousands of miles as few citizens dare to protest.
This year was already a fertile one for dealmakers in Hong Kong leading into Thursday. Then came HSBC Holdings Plc with its proposed $14 billion buyout of Hang Seng Bank Ltd. to really put a rocket under things.
Patrick James, the little-known chief executive officer of bankrupt First Brands Group, is weighing stepping down as fallout from the auto-parts supplier’s swift collapse reverberates across Wall Street.
The country’s leader challenged the West with an unapologetic military parade, including the unveiling of the “Hwasong-20” long-range missile, alongside guests from China and Russia.
A stabilization force will run alongside efforts to form a governing apparatus for the enclave.
Car parts maker’s rapid downfall has raised concerns of widespread losses on Wall Street
The judge expressed frequent frustrations with the Trump administration, saying it had presented a “totally inconsistent” case to keep the Maryland man in immigration detention.
MAGA influencers criticized a training agreement announced by Defense Secretary Hegseth.
President Trump’s dueling personas were on display this week, providing endless ammunition to his allies and his enemies alike.
Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here.
Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: rip up the vines.
Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: rip up the vines.
The charges are an indication that Boston’s mayor and Police Department are telegraphing to President Trump that they’re going to come down hard on civil unrest.
Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Beijing dropped a bombshell: China was further restricting access to the indispensable tech materials.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Mary Lovely, Senior Fellow at the Peterson Institute for International Economics shares her thoughts on President Trump announcing additional 100% tariffs on China. Michael Oren, Former Israeli Ambassador to the US, discusses President Trump to visit Israel ahead of hostages being released. Marc Short, Former Chief of Staff to Mike Pence, & Rep. Haley Stevens (D-MI) shares their thoughts on Trump's China tariffs and the latest on the ongoing government shutdown. (Source: Bloomberg)
The U.N. Security Council met Friday to discuss the Trump administration’s deadly attacks on what it asserts were drug smugglers in the Caribbean.
A roundup of where things stand with tariffs on key U.S. trade partners and sectors.
This week, who benefits from America’s growing immigration detention system? And, as Polymarket and Kalshi continue to heat up, will markets predict the future better than polls? Plus, a US tariff change meant to target China is now threatening small businesses and raising prices for American consumers. Later, artificial intelligence is helping teachers manage bigger classrooms and growing workloads, but it’s also changing what it means to be an educator in the digital age. (Source: Bloomberg)
Target Corp. is testing the sale of hemp-derived THC beverages at a handful of locations, marking an important milestone for an industry that’s largely been shut out of national chains.
In a 1973 heist, he and another man held hostages who surprisingly came to defend them, drawing attention to a puzzling psychological phenomenon.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests: The Planetary Society CEO Bill Nye, RockCreek Founder and CEO Afsaneh Beschloss, Piper Sandler Managing Director & Senior Research Analyst Anna Andreeva, Gabelli Funds Portfolio Manager, MD for Growth Portfolios John Belton, China Moon Strategies President Jeff Moon, CIBC Private Wealth Senior Energy Trader Rebecca Babin, Charles Schwab Chief Investment Strategist Liz Ann Sonders, RBC Capital Markets Head of US Bank Equity Strategy Gerard Cassidy, Adam Farrar. (Source: Bloomberg)
Rachel Reeves is pushing a positive narrative on Britain in the run-up to her November Budget
For the first time, a majority of low earners have an investment account, and more than half of those new investors entered the markets in the past five years.
AMD’s Lisa Su is an ‘engineer’s engineer’ who just muscled in on the battle for the newest technology in the world
Mr. Benioff, the Salesforce C.E.O. and owner of Time magazine, once supported Hillary Clinton and a business tax for homeless services. Now he’s fully behind Donald Trump.
Over seven terms, she garnered millions in funds in helping to revitalize the city. But the political scandals of her son, an ex-mayor, came to shadow her career.
Pentagon’s approval for project draws fire from Maga influencer and Trump ally Laura Loomer
When he was running for office, Donald Trump said he’d be too busy as president to go after his enemies. He’s making time for it now.
Two weeks after a federal task force began patrolling the western Tennessee city, National Guard troops from the state have now arrived.
Nassim Taleb, a distinguished scientist for hedge fund Universa Investments and author of "The Black Swan," said Wednesday that investors should insure themselves against a stock-market crash as structural issues such as the US debt burden threaten to derail an otherwise unstoppable rally. Taleb spoke with Bloomberg News reporter Natalia Kniazhevich at this week's Greenwich Economic Forum. (Source: Bloomberg)
Rep. Haley Stevens (D-MI) voices her frustration with President Trump announcing additional 100% tariff on China, calling his tariff policies "wild & erratic." She talks about legislation she's introducing that will bring processing and refining of critical earth minerals to the US to avoid dependency on China, and reacts to the Trump Administration beginning to layoff federal workers due to the government shutdown and how this is affecting her constituents in Michigan. Representative Stevens speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Those in the dark included Attorney General Pam Bondi, people familiar with the matter said. The government shutdown, a rush to indict and internal divisions contributed to the lack of coordination.
President Donald Trump announces a deal with AstraZeneca at the White House to slash consumer prices on some of the company’s drugs in exchange for tariff relief. The deal will see AstraZeneca slash what it charges for its medicines in exchange for three years of relief from threatened tariffs.
Ariel Investments Chairman, Co-CEO & CIO John Rogers discusses small value companies in an interview with Romaine Bostick on “The Close.” (Source: Bloomberg)
Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold. President Donald Trump’s threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week that saw concern build about a bubble in artificial-intelligence companies. But rare earth stocks like MP Materials, which the US took a stake in, rose after Trump said China's export controls and rare earths monopoly is "a rather sinister and hostile move." Bloomberg Intelligence Global Equity Strategist Gillian Wolff and Bloomberg News Economic Statecraft Reporter Joe Deaux join Bloomberg Businessweek Daily to discuss. They speak with Tim Stenovec and Emily Graffeo. (Source: Bloomberg)
Former Assistant US Trade Representative for China and China Moon Strategies President Jeff Moon discusses President Trump’s latest tariff threat on China. He speaks with Katie Greifeld and Romaine Bostick on “The Close.” (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg's Joe Mathieu and Michelle Jamrisko discuss the latest news from Washington. On today's show, Democratic Congressman Brad Sherman of California, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Republican Congressman Patrick McHenry. (Source: Bloomberg)
Also, the Nobel Peace Prize was awarded. Here’s the latest at the end of Friday.
The US leveraged loan market is coming under further pressure with its second pulled deal in a week and a slew of investor-friendly changes made on other transactions to help get them over the line.
Company says the project is subject to ‘final approvals’ from the UK government
Industry minister Melanie Joly says talks are under way with pensions to redirect more of their US$2.1 trillion in assets into Canada.
The Planetary Society CEO Bill Nye discusses potential cuts to NASA funding and says the cost of space exploration is small vs other items the federal budget spends on. He speaks with Katie Greifeld and Romaine Bostick on “The Close.” (Source: Bloomberg)
María Corina Machado has been fighting for democracy for decades.
"There's lots of plates in the air that are spinning right now," Charles Schwab Chief Investment Strategist Liz Ann Sonders says while reacting to the selloff in US stocks on "Bloomberg The Close." (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Samantha Dart, Co-Head Global Commodities Research at Goldman Sachs discusses raising the December 2026 Gold Target to $4,900 and more. (Source: Bloomberg)
US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals. The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America." Trump's announcement sent US stocks into a tailspin as traders rushed to bonds. Bloomberg International Economics & Policy Correspondent Michael McKee joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Emily Graffeo. (Source: Bloomberg)
Strathcona Resources terminated its takeover bid for MEG Energy, days after rival Cenovus Energy upped its offer to buy out the Canadian oil-sands producer and changed the terms of their standstill agreement.
Mary Lovely, Senior Fellow at the Peterson Institute for International Economics shares her thoughts on President Trump announcing additional 100% tariffs on China and what to make of this. She talks about whether this announcement will move the US & China further apart, if President Trump’s and President Xi Jinping’s meeting will happen or be canceled, and the increase in export controls. Mary Lovely speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Lumen Technologies CFO Chris Stansbury joins Bloomberg Businessweek Daily to discuss the company's debt restructuring and its path forward for growth, the sale of its residential-fiber unit to AT&T, and the current state of the telecom space. He speaks with Bloomberg News Senior Editor Nina Trentmann, alongside Tim Stenovec and Emily Graffeo. (Source: Bloomberg)
Trump administration scraps approval for 6.2 gigawatt Nevada project
Cryptocurrencies tumbled after US President Donald Trump said he would impose an additional 100% tariff on China and export controls on software, with more than $6 billion in positions liquidated within the past hour.
Canada’s Strathcona Resources Ltd. is dropping its push to buy MEG Energy Corp. after Cenovus Energy Inc. increased its own bid for the Alberta oil producer.
Senegal’s debt shows growing risks to the country’s fiscal trajectory and liquidity position since the previous review, Moody’s Ratings said, as it downgraded the West African nation’s credit rating for the second time this year.
The S&P 500 and Nasdaq composite posted their steepest one-day drops in six months.
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Jeff Sherman, deputy CIO at DoubleLine Capital, and Amanda Lynam head of macro credit research at BlackRock. (Source: Bloomberg)
PicPay, the Brazilian mobile banking app owned by the billionaire Batista family’s investment holding company, is looking to raise as much as about $500 million in its US initial public offering, according to people familiar with the matter.
Navan Inc., a business travel and expense management software maker, and some of its shareholders are seeking to raise as much as $960 million in an initial public offering, moving forward with a listing despite the US government shutdown.
Singer-songwriter and mental health advocator Jewel joins Romaine Bostick and Katie Greifeld on "The Close" to discuss raising awareness on mental health issues and launching a mental health summit with Steve Wozniak. (Source: Bloomberg)
Here are some of the major companies whose stocks moved on the week’s news.
Banks argue that the strengthened capital buffers, introduced after the 2008-09 financial crisis, are unnecessary, the official said.
Moody’s Ratings raised Ghana’s sovereign credit rating, citing improved prospects for debt reduction.
Find insight on HSBC, Schroders and more in the latest Market Talks covering Financial Services.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Emily Graffeo and Tim Stenovec. (Source: Bloomberg)
President Nicolás Maduro has described opposition leader María Corina Machado as a “wild demoness,” a “war criminal,” and “la Sayona,” a vengeful spirit from Venezuelan folklore.
Find insight on BCE, shares in European semiconductor companies and more in the latest Market Talks covering technology, media and telecom.
Morgan Stanley’s asset-management business asked to redeem some money it invested in a Jefferies Financial Group Inc. fund with large exposure to the trade debt of bankrupt auto-parts supplier First Brands Group, according to people familiar with the matter.
On Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss the tax bill passed by the US Senate and the reignited feud between Donald Trump and Elon Musk. On today's show, Lumen Technologies CFO Chris Stansbury, the Washington Institute for Near East Policy Director of Research Dana Stroul, Eric Weiner, Michael McKee, and Denitsa Tsekova. (Source: Bloomberg)
Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold. (Source: Bloomberg)
Denmark is investing $8.5 billion in defense capabilities, including a stronger presence in Greenland and 16 new F-35 fighter jets.
Premier says he wants to press ahead with efforts to finalise a budget for 2026
A pair of high-profile bankruptcies in the auto space — First Brands Group and Tricolor Holdings LLC — has rattled Wall Street in recent weeks. The distress causing some investors to worry it might be a sign of a bigger issue in overall credit. Jeff Sherman, deputy CIO at DoubleLine Capital, and Amanda Lynam head of macro credit research at BlackRock, discuss credit on "Bloomberg Real Yield". (Source: Bloomberg)
Bill Harnisch is no permabear. His hedge fund is up 580% since 2020 thanks to a honed portfolio of bets that this year alone has tripled the S&P 500’s return.
S&P Ratings lifted Egypt’s credit rating, citing policy changes that have improved the economic outlook, giving a further boost for authorities after securing a $57 billion global bailout.
The reappointment of Sébastien Lecornu highlights the French president’s dwindling options and stokes fears that France is becoming ungovernable.
John Belton, managing director for growth portfolios at Gabelli Funds, says US stocks were probably due for a selloff. Speaking on "Bloomberg The Close," Belton also comments on the outlook for AI-related stocks. (Source: Bloomberg)
Zohran Mamdani, the front-runner in the New York City mayor’s race, and Letitia James, New York’s attorney general, have a kinship shaped in part by their shared opposition to the president.
And a reminder of the need to depose the regime of Nicolás Maduro.
President Emmanuel Macron is trying to steady the political turmoil that has gripped the country and jeopardized the passage of a budget.
Republican Jack Ciattarelli is closing the gap with Rep. Mikie Sherill by arguing that high taxes and foolish energy policies are ruining the Garden State.
Mass dismissals raise the stakes of the funding battle between Democratic and Republican lawmakers
The S&P 500 slumped more than 2 percent for the first time in six months, rattling investors after a long stretch of gains.
President Donald Trump’s threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week. Jeff Sherman, deputy CIO at DoubleLine Capital, joins Scarlet Fu on "Bloomberg Real Yield" to discuss the impact of what he calls "tariff roulette". (Source: Bloomberg)
Ms. Machado galvanized a movement that independent analysts say won last year’s election, only to have it stolen by President Nicolás Maduro.
Anduril Founder Palmer Luckey discusses the need for US reindustrialization as competition with China's supply chain ramps up. He joins Caroline Hyde and Ed Ludlow live from Anduril's headquarters. (Source: Bloomberg)
Three years after one of the nation’s deadliest school shootings, a new campus in the city will welcome 600 new elementary students.
Nobody knew how a nearly 2,000-year-old grave marker landed in a backyard for decades — until this week.
As the standoff between President Donald Trump and Congress stretches into its second week — and with no end in sight — the real-world impacts of the shutdown are starting to rise. Air travel, taxpayer services and national parks are among the first government functions to feel the strain of a prolonged impasse, and some agencies have implemented a sort of rolling blackout of services to conserve funds and respond only to emergencies. More than a quarter million federal employees missed scheduled paychecks this week, with another 2 million expected to go without by next week. The Pentagon’s next military payday, Oct. 15, could prove a political flash point if troops begin missing pay for the first time in decades. Former Rep. Patrick McHenry (R-NC), a Bloomberg contributor, said he believes the Democrats will have to fold on their demands for the shutdown to end. (Source: Bloomberg)
The White House says it is making good on threats to fire thousands of federal workers amid a government shutdown now in its 10th day, with job cuts at agencies including the departments of Health and Human Services, Homeland Security and Commerce. “The RIFs have begun,” White House Budget Director Russell Vought posted on social media Friday, referring to reductions in force, the federal government’s term for layoffs. Thousands of people have been laid off as a result of the shutdown, according to a senior White House official. The scope of the cuts was not immediately clear. Rep. Brad Sherman (D-CA) called the Trump administration's announcement that federal workers are being laid off amid the shutdown "an act of vandalism" against the government on Bloomberg's Balance of Power. (Source: Bloomberg)
The US can’t just rely on primes and neo-primes alone but needs a healthy pipeline of defense tech startups, says Morgan Hitzig, a partner at Venrock, focusing on early stage investments particularly in security startups. She joins Caroline Hyde and Ed Ludlow on a special episode of “Bloomberg Tech” live from the headquarters of Anduril. (Source: Bloomberg)
The worst day for US stocks since April sent volatility gauges sharply higher, but left them far below levels that have accompanied past bouts of prolonged equity selling.
Most Democrats left President Trump conspicuously unmentioned as they cheered a potential end to the conflict, reflecting the tricky politics around the war and their party’s deep hostility to Mr. Trump.
A Brazilian judge accepted a bankruptcy protection request from fertilizer maker Unigel Participacoes, which has been struggling for more than two years of trying to re-work its debt.
The Trump administration sent MIT a proposal that calls for universities to accept a series of demands in exchange for preferential access to federal funding. MIT President Sally Kornbluth said the school's practices already “meet or exceed many standards outlined in the document you sent.” Bloomberg reporter Liam Knox joins Scarlet Fu on "Bloomberg Markets" to discuss. (Source: Bloomberg)
GM seems to be following Peter Drucker’s wisdom that ‘the purpose of business is to create and keep a customer.’
ETFs and central banks are leading the gold rally, while a squeeze in the silver market is sending it even higher. Samantha Dart, Co-head of Global Commodities Research at Goldman Sachs, joins Scarlet Fu on "Bloomberg Markets" to discuss. (Source: Bloomberg)
They kept insisting the prime minister was prolonging the war for political reasons.
The AI actress is less interesting than her misguided, panicky critics, from Trump to Blunt.
Shyam Sankar, Palantir’s chief technology officer, says he sees a renaissance in which AI could empower blue-collar workers. He joins Ed Ludlow and Caroline Hyde to talk about tensions between China and the west on “Bloomberg Tech.” (Source: Bloomberg)
Vannevar is at the forefront of the defense tech competition between the US and China, developing hardware and software for national security missions. Erin Biggers is Vice President of Mission for Vannevar and leads many of the company's national security deployments. She joins Ed Ludlow and Caroline Hyde for a special defense focused episode of “Bloomberg Tech.” (Source: Bloomberg)
OMB Director Russ Vought says that layoffs in the federal government have begun in a social media post as the government shutdown drags on. The firings mark the first large-scale layoffs of federal employees during a funding lapse in modern history, going beyond the furloughs that have characterized past temporary shutdowns. (Source: Bloomberg)
An indictment brought by a novice prosecutor and Trump loyalists against one of the president’s foes centers on a 2020 house purchase.
Jared Isaacman and President Donald Trump have met in recent weeks and discussed reviving the fintech billionaire’s nomination to lead NASA, according to a person familiar with the matter. The White House revoked the job offer in May because of Isaacman's ties to Democratic politicians. Ed Ludlow reports. (Source: Bloomberg)
Even Rogers, CEO of True Anomaly, says there is “no doubt” China is ahead of the US in certain offensive and defensive space capabilities. Rogers joins Ed Ludlow and Caroline Hyde for a special defense focused episode of “Bloomberg Tech.” (Source: Bloomberg)
A number of people were missing after a “devastating blast” at Accurate Energetic Systems, about 60 miles southwest of Nashville, a county sheriff said.
Nixon famously had an enemies list. But there’s a difference between what happened then and what is happening now.
Only the spectre of the far right in government might save the embattled French president and his ambitions for Europe
Anduril CEO Brian Schimpf details why a buildout of manufacturing in the US is needed as President Donald Trump threatens fresh Tariffs on China. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Welcome to ETF IQ, a weekly newsletter dedicated to the $17 trillion global ETF industry. I'm Bloomberg News reporter and anchor Katie Greifeld.
A subsidiary of Dominari Holdings Inc., an investment firm with ties to President Donald Trump’s sons, is partnering with a blockchain project backed by the family office of Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao to develop platforms for digital assets and exchange-traded funds.
Gov. Newsom Friday signed a bill that will make it easier to build apartment buildings. Cities like Los Angeles fear a loss of control.
US auto stocks took a major hit this week as cracks emerged in the sector following the high-profile implosions of parts supplier First Brands and sub-prime lender Tricolor Holdings, while renewed tariff tensions raised fresh concerns for investors.
Hi, it’s Swetha Gopinath in London, today bringing you a conversation with Permira’s Stefan Dziarski about the firm’s recent exits. We also have news on a Diamondback-related energy divestiture, while Skydance’s CEO sees M&A heating up.
James Lindsay, a Mary and David Boies Distinguished Senior Fellow in U.S. Foreign Policy and Director of Fellowship Affairs at the Council on Foreign Relations, says more diplomatic work needs to be done as a fragile ceasefire takes hold in Gaza. (Source: Bloomberg)
The committee that awards the Nobel Peace Prize was looking into whether there was advance knowledge of María Corina Machado’s win.
As the Chinese online fast-fashion retailer prepares to open a physical space in a venerable department store, France pushes to stem the company’s presence in the country.
The Chicago Board of Education tapped $200 million from its short-term revolving credit agreement with PNC Bank.
Conservative money brokers stress the importance of stability at the top of the party
Ambipar Participações e Empreendimentos SA continued its downward spiral as the waste management firm’s controlling shareholder lost part of his stake and a former top executive disputed in court that his actions are to blame for a debt crisis.
The company behind ChatGPT has signed agreements with many of the largest tech groups, adding to a growing web of financial dependencies across the AI world
Gen Z protests are raging against political establishments across the world, from Madagascar to Nepal. Katrin Bennhold and Hannah Beech, reporters for The New York Times, discuss what is causing these protests and why an anime-inspired symbol keeps appearing at demonstrations.
Federal Reserve Bank of St. Louis President Alberto Musalem said he supported last month’s interest-rate reduction as a way to take out insurance against the weakening labor market, but reiterated officials need to continue leaning against elevated inflation.
Unions representing hundreds of thousands of federal workers have asked a judge to immediately halt mass layoffs that the White House announced on Friday amid the government shutdown.
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders.
The White House has begun laying off federal workers due to the government shutdown. Thousands of people have been fired, according to a senior White House official. They include workers at the Department of Health and the Commerce Department. Bloomberg's Tyler Kendall is at the White House with the latest. (Source: Bloomberg)
In 1970, the Young Lords, a Puerto Rican civil rights group, seized a hospital in the Bronx — twice.
President Donald Trump’s trade war is far from over.
In two video encounters — one discussing the impact of suicide, and a more lighthearted conversation with Eugene Levy — the heir to the British throne opened up, a little.
“President Putin and I have had an open line of communication regarding the welfare of these children,” the first lady announced.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
UK ministers working through weekend to agree amendments meant to speed up big infrastructure projects and housing schemes
A $430 million leveraged loan to help fund an acquisition by MJH Life Sciences was priced at one of the steepest discounts of 2025 amid investor wariness about some risky debt deals.
Tod’s SpA Chairman Diego Della Valle pushed back against Milan prosecutors, saying their probes of luxury-goods supply chains threaten the “Made in Italy” brand.
The opposition leader to Maduro deserves this Nobel Peace Prize as much as anyone ever has. Other winners? It’s complicated, explains Bloomberg Opinion columnist Andreas Kluth. (Source: Bloomberg)
Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold. President Donald Trump’s threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week that saw concern build about a bubble in artificial-intelligence companies. His remarks sent the S&P 500 down over 1.5%, with the gauge set for its worst day since April. The dollar slid at the end of its best week this year. Crude plunged 4%. Bloomberg's Tom Keene reports. (Source: Bloomberg)
Gold surged past $4,000 an ounce this week and Manhattan's Diamond District took notice. Veena Ali-Khan explains (Source: Bloomberg)
Yacht Club Games hasn't given a new release date, but the delay shouldn’t be more than a few months
The first lady said she has been in contact with Putin since sending him a letter in August expressing concern for abducted Ukrainian children.
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." China opens an antitrust probe into Qualcomm as President Trump and China's president Xi jockey for leverage. Levi’s raises its outlook but warns tariffs are starting to bite. Wall Street banks gear up for earnings season — investors eye dealmaking. And we’ll dig into the gold and silver rally with Wheaton Precious Metals CEO Randy Smallwood. (Source: Bloomberg)
If a recent pick-up gathers momentum, there could be a scramble to reset portfolios
David Del Rio portrayed a young lawyer on one of television’s most popular shows.
Reversal comes after equity indices hit a series of new records in recent weeks
Known as Esmeralda 7, the project planned in the Nevada desert would have produced enough energy to power nearly two million homes.
Hiring in Canada was unexpectedly strong in September, steadying what has been a weak labor market and raising doubts as to whether the central bank will feel compelled to follow up quickly with another cut to interest rates.
US President Donald Trump threatened a “massive increase” of tariffs on goods from China, citing recent “hostile” export controls on rare-earth minerals. Tyler Kendall reports on “Bloomberg Markets.”
He wrote some of the band’s signature songs, including “Ride My See-Saw” and “I’m Just a Singer (in a Rock and Roll Band).”
Scientists at the Environmental Protection Agency found that they could develop methods to identify traces of the medication if necessary — a practice long sought by the anti-abortion movement.
A number of people were missing after a “devastating blast” at Accurate Energetic Systems, about 60 miles southwest of Nashville, a county sheriff said.
The path and peak of policy uncertainty over the past year eerily mimics sentiment at the time of the 2016 referendum
The prospect for an end to the US government shutdown leads Bloomberg Intelligence’s Votes and Verdicts podcast this week. Nathan Dean examines that topic while BI litigation and policy analysts discuss other key catalysts. Matt Schettenhelm explores the legality of a Department of Homeland Security proposed rule that would give H-1B visa priority to higher-wage positions, with implications for IT consulting companies like Cognizant, Tata, Infosys and HCL America. Justin Teresi discusses an anti
Stellantis NV’s third-quarter shipments climbed 13%, led by a rise in North America, pointing to a recovery after the ailing carmaker worked down inventory in the US. The company delivered an estimated 1.3 million vehicles to dealers and other customers in the period, according to a statement. North American shipments jumped 35%, as Stellantis reintroduced popular models like the V8-powered Ram 1500 pickup. Rival Volkswagen AG on Friday also reported rising deliveries, citing strong demand for its electric models. Bloomberg's Steve Man reports. (Source: Bloomberg)
The investment includes money for F-35 fighter jets as Copenhagen tries to show it is taking seriously the threat from China and Russia.
Find insight on travel by Canadians to the U.S., Ferrari, Porsche and more in the latest Market Talks covering the auto and transport sector..
Canada needs to assess US government investments in the country’s critical minerals companies on a “case-by-case basis” at a time when the Trump administration is pursuing a nationalist economic policy, Industry Minister Melanie Joly said.
Anduril Founder Palmer Luckey says the US is too reliant on China when it comes to rare earths and semiconductors. Luckey says the defense contractor has done a good job of "getting away from China." He speaks on "Bloomberg Tech." (Source: Bloomberg)
A storm buried tents and stranded people on the mountain last weekend. Some experts think it might have set a record.
Few moviegoers knew his name, but directors like Sergio Leone, Sylvester Stallone and Quentin Tarantino considered his vivid work invaluable.
Thousands marched on foot in search of what remained of their lives before the two-year conflict
Furloughed federal workers are being recalled to issue the monthly inflation report that was due out next week. The Bureau of Labor Statistics has said it would publish the data on Oct. 24.
Citigroup Inc. is joining a group of nine European lenders developing a regulated euro-based stablecoin, the latest move by a large financial institution into the fast-growing area of digital money.
Equinor ASA says it could soon start producing at a large deep-water oil field off the coast of Brazil after suffering delays at a project that’s crucial for its growth strategy.
Copper slumped by the most in five months after President Donald Trump threatened a “massive increase” of tariffs on Chinese goods, in comments that sparked turmoil across financial markets.
The head of a conservative watchdog organization acknowledged that its report did not find evidence that the network of liberal billionaire George Soros had broken the law.
The president raised economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. automakers and defense manufacturers.
OpenAI’s Sora video-generation app may look like TikTok, but its core feature plays to the Narcissus in all of us.
Orders and prices are soaring for the monster machines made by GE Vernova, Siemens Energy and Mitsubishi Heavy Industries.
Even if fund expenses seem to disappear, they’re still the biggest drag on your returns.
Securitize, a blockchain firm that tokenizes investments, is in talks to go public via a blank-check company started by Cantor Fitzgerald LP, according to people with knowledge of the matter.
President Trump said there was “no reason” to meet with President Xi Jinping after the country’s newest restrictions on rare-earth materials marked an escalation in trade negotiations.
The superintendent, now head of schools in DeKalb County, Ga., had been lauded for his efforts to help students of color. Prosecutors say he led a kickback scheme in suburban Chicago.
María Corina Machado’s odds surged on Polymarket hours before official announcement
The Trump administration offered nine universities benefits in exchange for signing an agreement to protect conservative voices, among other things. M.I.T. was the first to refuse.
Anduril Industries Inc. Chief Executive Officer Brian Schimpf says geopolitical tensions with China are part of the new reality for American companies. “I think it’s going to be a long-run conflict with China, and that’s just something that we’ve got to be prepared for,” Schimpf said on "Bloomberg Tech." President Donald Trump is threatening to increase tariffs on goods from China. (Source: Bloomberg)
Copper fell as much as 3.4% on the London Metal Exchange after US President Donald Trump threatened a “massive increase” of tariffs on goods from China.
Gold could climb to $5,000 an ounce within a year and double that by the end of the decade, according to the head of Wheaton Precious Metals Corp.
Markets rallied around the Middle East this week with progress on a Gaza ceasefire deal sending Israeli and Egyptian stocks to record highs and boosting a rebound in Saudi Arabia.
“I’m confident that we will see gold over $5,000 within the next year,” says Wheaton Precious Metals CEO Randy Smallwood. He finds gold on a trajectory “that could easily put it up to $10,000 an ounce before the end of the decade. It wouldn’t surprise me at all.” (Source: Bloomberg)
Alleged attack comes amid mounting tensions between the Taliban and its former supporter Islamabad
Ms. Machado has urged President Trump to help oust Venezuela’s autocrat, Nicolás Maduro, and to back the result of an election that independent monitors say Mr. Maduro stole.
German chemical companies said high costs for carbon allowances are damaging Europe’s competitiveness, adding to a cacophony of sectors pushing for climate measures to be eased to help ailing industries.
Polish real estate developer Globe Trade Centre SA is in talks to sell part of a German residential portfolio it bought less than a year ago.
There are some interesting developments in equity volatility, with trading implications stemming from the pronounced spread between VIX and SPX realized volatility, low stock correlation, the rise in single-stock volatility and the shape of the VIX curve. In this edition of the All Options Considered podcast, BI’s Chief Global Derivatives Strategist Tanvir Sandhu is joined by Chris Murphy, Co-Head of Derivative Strategy at Susquehanna, to discuss equity volatility and flows.
President Trump said there was “no reason” to meet with President Xi Jinping after the country’s newest restrictions on rare-earth materials marked an escalation in trade negotiations.
Hours before a Venezuelan opposition leader won the Nobel Peace Prize, a mystery trader on Polymarket began piling into long-shot bets on her victory.
Ms. Machado has urged President Trump to help oust Venezuela’s autocrat, Nicolás Maduro, and to back the result of an election that independent monitors say Mr. Maduro stole.
US president signals he may cancel planned meeting with Xi Jinping over the move
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the current state of US consumer sentiment. The preliminary October sentiment index edged down to 55 from 55.1 in September, according to the University of Michigan. While the latest figure was the lowest in five months, it was firmer than the median projection in a Bloomberg survey of economists.
Well before they became co-chief executive officers, Drew McKnight and Josh Pack were known for their close partnership within Fortress Investment Group.
Oaktree Capital Management LP is in talks to sell a minority stake in Hartree Partners LP, the commodity house it first invested in a decade ago and has since helped grow into a global trading powerhouse.
America is now in a dangerous period, in which the president can order investigations and indictments against his enemies.
Canadian Prime Minister Mark Carney said he and President Trump have discussed the development of energy projects that would help both countries, including the twice-rejected Keystone XL expansion project.
The two companies are already codeveloping a treatment for ulcerative colitis.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Furloughed federal workers are being recalled to issue the monthly inflation report that was due out next week.
Gold and silver have left the S&P 500 in the dust this year—fueled by a mix of macroeconomic crosscurrents, from safe-haven demand to tightening supply. Randy Small Wood, the CEO of Wheaton Precious Metals, one of the world’s leading metals streaming companies, joined Bloomberg Open Interest to talk about what's driving the surge and whether it can last. (Source: Bloomberg)
An investor who bought a large number of Venture Global Inc. put options last week is sitting on a paper profit of almost $2 million after shares plunged early Friday.
A 10-year study of a large multinational firm found that the best bosses steer their employees into just the right roles.
Keir Starmer arrived back from India early this morning — it has been a good trip for him, though a friend sent me a picture from Mumbai of the Starmer & Modi cardboard cut outs that had lined the streets now piled up and jettisoned on pavements. Nice cut outs they were too.
Focus remains on developments related to the U.S. government shutdown and any indications regarding prospects of further rate cuts by the Fed. In Europe, inflation data will be watched. Markets across Asia will focus on monetary policy signals.
A deal to halt the fighting this week after two years of war brought relief and questions about what comes next.
Plus, America’s robot manufacturing boom, Ferrari’s first full EV, and smart homes get less dumb, in this edition of The Future of Everything newsletter.
Most Venezuelans saw María Corina Machado’s Peace Prize as a recognition of their economic struggles and democratic hopes.
Soybean futures extended losses for a second session on Friday as China announced special fees on US ships docking at its ports, a tit-for-tat measure signaling that trade tensions between the two sides are likely to persist.
Ryan Coogler and Sev Ohanian of Proximity Media discuss pushing boundaries in Hollywood storytelling and the vision for their media company with Bloomberg's Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
A group of international banks including Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp. and Banco Santander, have joined forces to explore the issuance of “digital money” on public blockchains, marking the latest push by large financial institutions to examine possible uses for the technology underpinning cryptocurrencies for payments.
Economic sentiment remained grim but held steady near recent levels in October as a federal shutdown hampered government functions and sidelined thousands of workers, according to the University of Michigan’s latest consumer survey.
Debt investors are growing more concerned about companies that are at risk of becoming obsolete because of artificial intelligence, making it harder for some corporations to raise money.
Bloomberg Businessweek editor Brad Stone celebrates the rising stars shaping media, music, and entertainment on the 2025 Ones to Watch list, including Lucy Guo, Founder and CEO of Passes who spoke about crafting the ideal platform for creators and taking on the competition at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
The Norwegian officials in charge of awarding the Nobel Peace Prize are investigating information that online bets on this year’s recipient surged overnight, suggesting a potential leak of information.
Bloomberg Businessweek editor Brad Stone celebrates the rising stars shaping media, music, entertainment and our percpetion of Hollywood on it's 2025 Ones to Watch list at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
The hottest thing in fashion nowadays? Old things. Rolex, Levi's and luxury brands are offering certified "pre-loved" resale programs. Chris Rovzar has more on what's driving this trend. (Source: Bloomberg)
Shares of fertilizer company Mosaic Co. dropped as operational issues at phosphate plants hit production, adding pressure to a segment already suffering from US tariffs.
It is a well-worn strategy to temporarily create a government benefit and hope that its eventual expiration will create a standoff like the shutdown fight.
There’s growing doubt that firms are getting what they pay for when it comes to artificial intelligence, the latest Markets Pulse survey showed. That’s adding to concerns the $16 trillion rally from the brink of a bear market is nearing its breaking point.
Geothermal energy in the US has been on a tear this year. Stocks are up and startups are raising large amounts of capital. Today’s newsletter shows that they’re putting some of that capital to use, paying record prices to snap up federal land leases.
The mighty ship, immortalized in song by Gordon Lightfoot, sank 50 years ago on Lake Superior. Our reporter spent a week on a Great Lakes freighter that survived the storm.
GE, RTX and other suppliers have soared as supply constraints buoy demand for jet parts. That puts pressure on the stocks heading into earnings.
Billionaire hedge fund manager’s CIFF has focused donations on issues such as climate change
European private equity firm Ardian is exploring a potential sale of Frulact, a producer of natural fruit-based and plant-based specialty ingredients, according to people familiar with the matter.
Quantum computing operator IonQ Inc. raised $2 billion in a sale of shares and pre-funded warrants to an affiliate of Susquehanna International Group, as firms increasingly invest in the technology.
President Trump’s long, avid embrace of social media has been eagerly adopted by his top aides, replacing longstanding governmental norms with online ones.
The owner of the Los Angeles Times newspaper and other digital media assets is readying to go public by raising as much as $500 million in preferred stock ahead of a smaller initial public offering in 2027.
Moscow targeted Ukrainian energy infrastructure with missiles and strikes that killed at least one civilian.
Entergy Corp. has applied to connect new natural gas generation to the grid in Louisiana to meet increasing demand from new data centers and industrial projects in the state.
US stocks crept higher shortly after the opening bell on Friday, with major stock indexes still on track for weekly gains as investors await consumer sentiment data for fresh clues on the health of the economy.
Warburg Pincus is nearing a deal to acquire a stake in French diagnostics provider Sebia, people familiar with the matter said.
Zambia’s currency rose to the highest level in almost two years, extending a rally driven by confidence in the country’s copper industry.
Predictions marketplace Kalshi Inc. secured a $5 billion valuation in its latest funding round, more than double the amount cited during its previous fund raising effort just months ago.
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the European Union each weekday. Make sure you’re signed up.
The league’s popularity has given rise to online sexism and racism — and misinformation that traffics in both.
Treasuries advanced Friday as traders reacted to evidence the US government shutdown may be curtailing economic activity.
The real-world impacts of the US government shutdown are being felt across a range of areas, from air travel to government parks, while more than a quarter million federal employees missed scheduled paychecks this week, with another 2 million expected to go without by next week. Tyler Kendall reports on Bloomberg Television.
Marie-Pierre de Bailliencourt of the Institut Montaigne says the French government has failed voters. She called it an 'end of an era' where the old political class refuses to embrace change, to embrace new geopolitical prices and security. We are witnessing the final conclusion of a dying political class, whatever comes out of it - there will be some much needed change and reforms - which will be a benefit to all. Marie-Pierre de Bailliencourt speaks with Bloomberg's anchor Tom Mackenzie, Anna Edwards and Guy Johnson on 'The Opening Trade'. This interview occurred on Thursday, October 9. (Source: Bloomberg)
Beijing’s move against the San Diego chip giant is the latest in a two-day barrage of actions targeting the U.S.
Lead prices fell as traders shrugged off record orders from London Metal Exchange warehouses in Singapore, with global stockpiles still near a 12-year high.
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
A looming surge in liquefied natural gas supply through the end of the decade is poised to create demand that won’t go away, said an Adnoc Gas executive.
Some China-bound ships carrying crude oil and other commodities to Asia’s top consumer are facing cancellations following Beijing’s retaliatory levies on American vessels, sending ripples through the global logistics sector.
Cocoa futures in New York are set for their longest run of weekly losses in more than 26 years, weighed by continuing demand weakness even as the supply outlook improves.
The Norwegian Nobel Committee praised “her tireless work promoting democratic rights.” Ms. Machado, who built one of Venezuela’s most important political movements, has been in hiding since last year.
President Luiz Inacio Lula da Silva will announce a new plan to boost Brazil’s housing market with cheaper credit, continuing his efforts to shore up his popularity ahead of a 2026 reelection bid.
President Donald Trump’s attack on drug costs is more likely to deprive Europeans of some medicines rather than lower prices in the US, according to the former boss of Novo Nordisk A/S.
A rally in gold prices is lifting the wealth of Turkish households by billions of dollars, complicating the central bank’s efforts to rein in prices.
BASF will keep a 40% stake in the business, which the deal values at $8.91 billion, after the sale is complete.
Fani T. Willis, a district attorney who brought election interference charges against Mr. Trump, and Lisa Cook, who serves on the Federal Reserve Board, have also been investigated.
Israel and Hamas have approved a deal that will see the release of the remaining hostages being held in Gaza. The US President Donald Trump says he plans to travel to Israel to welcome them home. A ceasefire is now in effect in Gaza, with aid deliveries set to be ramped up and Israeli troops due to withdraw to an agreed line. Bloomberg has learnt that Microsoft's data center shortages are set to continue well into 2026 - longer than the company has previously forecast. It adds to concerns over tech valuations which have seen Wall Street taking a breather after a succession of all-time highs. Today's guests: Sam Lynton-Brown, BNP Paribas Markets 360; Helaina Matza, TechMet; Marta Lorimer, University of Cardiff; Fawaz Gerges, LSE (Source: Bloomberg)
Women in Iran, Liberia, Yemen and Myanmar have been recognized for their activism, occasionally while they were in prison and faced serious personal risk.
As yet another prime minister looms, the Macronian center is failing to hold.
When utilities from Pennsylvania, New Jersey and Maryland established what is today the largest US grid, they aimed to provide power at the lowest possible price. But nearly 70 years later, the cost of securing power has surged to record highs, prompting Pennsylvania Governor Josh Shapiro to threaten to leave the now-13-state network.
An investor group led by I Squared Capital is planning a bid for German media group Ströer SE & Co.’s core advertising business, people with knowledge of the matter said.
Industrial scion remade herself as a grassroots campaigner bent on unseating President Nicolás Maduro
Germany said China’s increasing restrictions of exports on minerals critical to the technology industry are of “great concern” and the country must reduce its dependence on supplies from outside of the European economic area.
President Emmanuel Macron’s inability to find a government that can pass a new budget is hobbling his efforts to influence Europe’s agenda.
Deep differences in performance are set to emerge between private credit managers, according to Goldman Sachs Asset Management LP’s global co-head of private credit James Reynolds. (Source: Bloomberg)
New York state’s chief legal officer, now a criminal defendant, runs an 800-lawyer agency that is at the center of state government.
Malaysia’s consumption and tourism-related companies are set to get a boost as the government increases cash handouts to cushion the impact of higher cost of living on citizens.
Indian households are witnessing a jump in wealth after their 34,600 tons of gold holdings — weighing more than 6,000 elephants — have climbed in value following the recent record rally, according to a report.
Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners. President Donald Trump’s son-in-law Jared Kushner attended the meeting along with Trump’s Middle East envoy Steve Witkoff. Japan’s ruling coalition has collapsed, according to the leader of Komeito, the junior partner to Sanae Takaichi’s Liberal Democratic Party, after the two sides failed to overcome their differences on political funding regulation. Talks between Takaichi and junior Komeito leader Tetsuo Saito ended without agreement on Friday, in a major setback for before Takaichi has even secured the role of prime minister. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Valerie Tytel. (Source: Bloomberg)
A South African court dismissed a case brought by A.P. Moller-Maersk A/S against a port-expansion deal awarded to a firm owned by Filipino billionaire Enrique Razon, paving the way to expand the continent’s top container hub.
Woolworths Holdings Ltd. is expanding its beauty offering to Kenya, building on a strategy that has doubled sales of the category over the past two years at home in South Africa.
Beijing is starting to throw its weight around in the iron ore market, just as its dominant position is starting to look under threat.
Sunak, who remains a member of Britain’s parliament, said he would be working with the tech companies as a senior adviser and strategic consultant.
Good morning. The Nobel Peace Prize goes to Venezuela’s opposition leader. A real estate mogul with a penchant for Disney-style gloss has ambitions to be governor of California. And that old Barbour jacket? Don’t throw it out. Listen to the day’s top stories.
Japanese savers are breaking with a decadeslong habit, thanks to a renewed government push to get households to put their money to work.
Privatization beckons for Hong Kong lender
After avocados from South Africa, honey from Tanzania and mutton from Madagascar, it’s Angola’s turn to ink lucrative deals with Beijing.
Ryan Serhant rose to fame on Bravo’s ‘Million Dollar Listing’ television series before founding his own real-estate brokerage in 2020. Now, he’s betting that artificial intelligence could change Manhattan’s real-estate game.
Latin America’s top copper-shipping hub — co-owned by BlackRock Inc. — has secured approval for a $700 million expansion as it seeks to retain a key Chinese customer.
Japan’s governing coalition collapsed after a partnership that contributed to political stability for the past quarter century fell apart, jolting markets and delivering a major blow to new ruling party leader Sanae Takaichi. Alastair Gale reports on Bloomberg Television. (Source: Bloomberg)
Investors lined up earlier this year to bet against the US dollar. Now, momentum is shifting in favor of the greenback.
France’s biggest construction companies are shrugging off the political turmoil in the country as they move further away from a domestic market facing slower investment and the threat of higher taxes.
Stellantis NV’s overhaul is sparking worries among French workers that operations in that country will lose out in new Chief Executive Officer Antonio Filosa’s push to get the struggling carmaker back on track.
Deliveries rose slightly in the third quarter as declines in China and North America were offset by gains across the automaker’s other global markets.
Ms. Machado built one of Venezuela’s most important political movements, and lives in hiding from President Nicolás Maduro’s authoritarian government.
China has opened an antitrust investigation into Qualcomm Inc.’s acquisition of connected-vehicle technology provider Autotalks, a deal announced in June. Tom Mackenzie reports on Bloomberg Television. (Source: Bloomberg)
The regulator labeled Google as a company it needs to keep a close eye on due to its ubiquitous search engine and lucrative search-advertising business.
Venezuela’s Maria Corina Machado is this year’s recipient
Plus, your Friday news quiz.
Sentiment toward the euro soured sharply this week as turbulent French politics prompted options traders to take the most bearish stance on the currency in months.
The president and New York’s attorney general accused each other of real estate fraud. But the sum involved in her case is $18,933, while millions were at stake in his.
Along Hanoi’s busiest gold trading street, dozens of storefronts gleam with bullion bars and jewelry. On Friday, however, shopkeepers sat idly behind glass counters, waiting for customers as Vietnam ended its decades-long monopoly on bullion trade and production, the first major liberalization of the market in more than a decade.
Israel approved an agreement brokered by President Trump that paves the way for a cease-fire in the war in Gaza and the return of all remaining hostages.
National governments go it alone as bloc-wide levy on Chinese ecommerce platforms is delayed
Wizz Air Holdings Plc plans to relocate almost half of the 450 workers affected by the closing of its Abu Dhabi operation to hubs across eastern Europe.
European Central Bank Governing Council members José Luis Escrivá und Martins Kazaks became the latest central bankers to warn of the mounting risks posed by frothy asset prices.
The partial withdrawal sets up the cease-fire and starts a 72-hour countdown for the release of the hostages.
The statement came after Israel approved a deal between Israel and Hamas to pave the way for the release of hostages in exchange for Palestinian prisoners.
Climate change is transforming ecosystems in the far north. An international team of scientists has made some surprising discoveries.
Move sets into motion first step of Donald Trump’s plan to end two-year war
Delinquency rates on subprime auto loans are at records.
Individual investors are buying stocks like never before and leaving the broader market in the dust. But at the same time, a surge in trading volume is raising fears that retail’s favorite positions are getting dangerously crowded.
Demand is set to be boosted by electrification, while supply is constrained by rising power needs.
Structural trends are threatening to confound European Central Bank policy, according to Governing Council member Primoz Dolenc.
Big Tech company becomes the first to be designated with special status under strict new digital laws
Win for Venezuela’s main opposition leader dashes the hopes of US President Donald Trump
U.S stock futures rose but European and Asian trading was mixed. Oil and gold prices slipped on the prospect of an end to the Israel-Hamas war and partially eased the assets’ geopolitical risk premiums.
The prize was awarded to the opposition leader for her work promoting democracy and fighting dictatorship in the country.
Federal courts across the country have heard legal challenges to the mobilization of troops in Los Angeles, Washington, Portland, Ore., and Chicago. Here’s how some judges have ruled.
President Trump and his administration are amplifying the voices of pro-White House podcasters and streamers eager to ratify the president’s description of Oregon’s largest city as a “hellscape.”
Venezuela’s autocrat had proposed allocating his country’s oil wealth and other natural resources to the U.S. and ending deals with American adversaries to appease President Trump.
The new Israel-Hamas deal contains provisions to increase aid to Gaza, and for the reopening of a border crossing from Egypt.
A destructive A.I., like a nuclear bomb, is now a concrete possibility; the question is whether anyone will be reckless enough to build one.
Defense Secretary Pete Hegseth is at odds with the news media to a degree unseen in modern times, former Pentagon officials say.
At the annual Bridges conference, mathematical creativity was on dazzling display.
Claudia Sheinbaum, Mexico’s first woman president, has recent approval ratings as high as 79 percent. An actress with a startling resemblance, Tamara Henaine, is taking advantage of the moment.
Iran became a pioneer in gender transition operations by forcing procedures on L.G.B.T.Q. Iranians. Desperate for cash, the Islamic republic is hoping to attract trans patients from around the world.
As armies and revolutions came and went, neighbors became foes and families spoke different languages. Here’s how one small town stood at the center of history.
Donald Trump’s extraordinary financial assistance for Argentina may be enough to shore up local markets until a key midterm election later this month, but it’s doing little to boost President Javier Milei’s standing with voters.
The European Union should pool its resources on defense spending and consider a common budget financed by jointly-issued debt, according to European Central Bank Governing Council member Martins Kazaks.
French markets have mostly recovered from the ructions of this week’s political drama, hours before President Emmanuel Macron names a new prime minister.
On this episode of Bloomberg Tech: Europe, Tom Mackenzie speaks exclusively to JPMorgan Chase & Co. CEO Jamie Dimon and Goldman Sachs Group Inc. CEO David Solomon on how artificial intelligence is reshaping the banking industry -- from trading and dealmaking, to lending and underwriting. Also on the show: Klarna Group CEO Sebastian Siemiatkowski talks about how the fintech is competing with those legacy banks and what it means for jobs. --- "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)
Ferrari's brand is built on growling gas engines. Can a supercar that hums still set pulses racing? Daniele Lepido explains why the automaker is gambling on its Elettrica EV. (Source: Bloomberg)
Dubai-based Dubizzle Ltd., which operates classifieds websites popular with expatriates, plans to start gauging investor interest next week for an initial public offering, adding to the wave of firms seeking to capitalize on the emirate’s booming property market.
United Arab Bank PJSC is exploring the sale of roughly $800 million in bad debt, people familiar with the matter said, the latest Gulf bank attempting to clean up its balance sheet.
Nihon Hidankyo is a group of survivors formed in the aftermath of the atomic bombings in Hiroshima and Nagasaki, and has shared thousands of testimonies.
Invisible Technologies has raised $100 million in growth capital - valuing it at more than $2 billion. The 10 year old startup claims to have trained more than 80% of the world's top AI models and provides services to companies including Microsoft and Amazon Web Services. Bloomberg's Tom Mackenzie spoke to the CEO of Invisible Technologies, Matthew Fitzpatrick on Oct. 9. (Source: Bloomberg)
Guy Johnson, Valerie Tytel and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
China will start levying special fees on American ships docking at its ports, significantly escalating a months-long dispute in which Washington has targeted the Asian country for its maritime and trade dominance.
Sea turtles are making a surprising comeback, according to the International Union for Conservation of Nature. The news was not so good for Arctic seals.
Every fall since the war started in 2022, Russia has targeted electricity and heating infrastructure in an effort to weaken Ukrainians’ will to continue fighting.
Chinese and Japanese stocks drop
How the Japan panic was different to today's China worries.
These days, there’s a non-stop drumbeat of concern that China and its dominant companies will eat America’s economic lunch, so to speak. Of course, this isn’t the first time in our history that there were worries about a rising Asian industrial power. In the 1980s and early 1990s, there was a lot of concern about the rise of corporate Japan. And that fear was seen all over movies and pop culture, from Die Hard to the Michael Crichton novel Rising Sun. This time there is one big difference: Chine
Petroliam Nasional Bhd.’s dividend payout to the Malaysian government is set to decline by 38% next year as an oil price slump weighs on the state-owned oil and gas company’s profitability.
Malaysian Prime Minister Anwar Ibrahim plans to cut more subsidies and improve tax collection to narrow the budget deficit next year, as he grapples with lower petroleum-related revenue and dimming economic prospects.
China’s Ministry of Transportation said Friday the fees will be collected on vessels owned by U.S. companies, organizations, or individuals.
Political and fiscal uncertainty in some of the world’s biggest economies — including the US, France and Japan — and the pressure that puts on their currencies are making investors nervous.
The Thai central bank stands ready to cut rates further, but that alone won’t fix the country’s economic woes, said Piti Disyatat, deputy governor for monetary stability at the Bank of Thailand in an interview.
Japan’s Komeito party has ended its coalition with the ruling Liberal Democratic Party, sending the Nikkei 225 futures down and boosting the yen.
The food-and-beverage company expects to start trading at the end of this month, but didn’t provide pricing details.
Governor Vitai Ratanakorn said the Bank of Thailand still has policy space to cut a benchmark interest rate that is already among the world’s lowest.
"If you're looking to diversify away from the AI trade, shuffling across your US allocation no longer works," JPMorgan Asset Management's Hugh Gimber says. He adds that regions like Europe and the UK are starting to "get more interesting" given their lower exposure to tech names. Gimber speaks on Bloomberg Television. (Source: Bloomberg)
Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions.
A major political ally of Japan’s ruling Liberal Democratic Party has exited the governing coalition, ending a 26-year-long relationship in a move that could fuel political instability.
Real estate focused private equity firm Gaw Capital Partners is racing to refinance or extend $370 million in loans tied to properties in Shanghai as maturities loom next month.
Tata Consultancy Services Ltd.’s earnings disappointment has failed to spook the market as traders bet on subdued moves among companies in India’s main equity index this reporting season.
High-flying Chinese chipmaker stocks tumbled Friday as mounting concerns over lofty valuations and reported margin cuts soured investor sentiment.
Analysts at Goldman Sachs Group Inc. have cut their recommendation on euro-denominated high-grade bonds by banks to underweight, less than three months after ending their overweight on the sector.
Accusations rise that Pakistan struck the Afghan capital with airstrikes, but neither country would confirm the reports.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Czech inflation slowed in September to the weakest pace in five months but domestic price pressures are likely to keep the central bank cautious about lowering interest rates.
Just when Norinchukin Bank began to turn a corner from its $12 billion bond debacle, the Japanese lender is facing questions over how its joint venture became the most exposed to the First Brands Group bankruptcy.
Peru’s Congress ousted President Dina Boluarte from power in the latest round of political turmoil in the Andean nation.
Emerging market assets declined as investors took some risk off the table, with sentiment dented by a retreat in gold prices and a prolonged US government shutdown.
European natural gas prices have snapped back into a range they were trading in for weeks as traders wait for further clues on how the heating season will unfold, with steady fuel supplies offsetting cold weather risks for now.
Kazakhstan increased borrowing costs to the highest on record as officials battle to tame inflation amid ambitious plans to grow the economy.
Klarna Group CEO and co-founder Sebastian Siemiatkowski says artificial intelligence is transforming knowledge work and not everyone will be able to keep their job. Siemiatkowski speaks to Bloomberg's Tom Mackenzie on why fintechs are getting leaner, how the company doubled its revenue with fewer people, and what that means for the future of banking, hiring and human workers. (Source: Bloomberg)
Ms. McCain leads the world’s largest humanitarian organization focused on food insecurity. She is expected to make a full recovery.
David Yaffe-Bellany, a technology reporter who has covered the cryptocurrency industry since 2022, has come to embrace learning on the fly.
David Yaffe-Bellany, a technology reporter who has covered the cryptocurrency industry since 2022, has come to embrace learning on the fly.
India is attempting a financial transformation by turning millions of low-income earners into stock market investors — all for just $3 a month. (Source: Bloomberg)
Vehicle shipments rose by an estimated 13%, driven by strong growth in North America on the back of inventory improvements.
Recruitment company Hays Plc expects business to remain challenging next year as the UK labor market struggles to rebound.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Matt Orton, Chief Market Strategist at Raymond James Investment Management (Source: Bloomberg)
Stellantis NV’s third-quarter deliveries climbed 13% led mostly by sales in North America, pointing to a recovery for the ailing car manufacturer after working down high inventories in the US.
Growing outrage over crime and political scandals eroded support for President Dina Boluarte, the country’s most unpopular leader in recent history.
Evident's AI Banking Index ranks how quickly — and effectively — the world's top banks are adopting artificial intelligence. This year, JP Morgan extends its lead, with U.S. banks dominating the top 10. So what's driving the divide — and what's at stake for those falling behind? Bloomberg's Tom Mackenzie sat down for an exclusive interview with Evident CEO and Co-Founder, Alexandra Mousavizadeh to get the inside story. (Source: Bloomberg)
Bank of France Governor Francois Villeroy de Galhau said the next government must overcome political infighting and continue to target a significant reduction in the budget deficit next year.
If the Gaza deal holds, then “the guy who couldn’t stop a fight between Gary Busey and Meat Loaf brokered peace in the Middle East,” said the “Daily Show” host.
Good morning. Donald Trump will travel to Israel for the hostage release. The US launches a financial rescue of Argentina. And Ferrari’s first electric supercar is set to test the loyalty of its customer base. Listen to the day’s top stories.
Abu Dhabi National Oil Company plans to ramp up dividends from its listed subsidiaries to over $40 billion by the end of the decade with ADNOC Gas contributing close to $24 billion of that. Peter van Driel, CFO of ADNOC Gas spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their 20-year deal to supply Ruwais LNG with gas for export. (Source: Bloomberg)
The manufacturer says it’s unclear how Russia obtained the equipment because it isn’t supposed to be sold for military use.
Eurasia Group's Europe Managing Director, Mujtaba Rahman spoke with Bloomberg's Lizzy Burden about France's political deadlock. "I think the biggest concern is a left-wing government led by the LFI," he tells Bloomberg Television. Rahman discusses the pressures facing President Emmanuel Macron and France's fragile public finances on Oct. 9. (Source: Bloomberg)
Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners, another major step toward fulfilling the terms of a peace agreement and ending the two sides’ bloody conflict. Ryan Bohl, Senior Analyst Middle East and North Africa at RANE told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche where this deal leaves Hamas in Gaza. (Source: Bloomberg)
Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners, another major step toward fulfilling the terms of a peace agreement and ending the two sides’ bloody conflict. Oded Ailam, a Former Counterterrorism Division Head at Mossad spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the response from Israel. (Source: Bloomberg)
Presidents Donald Trump and Xi Jinping are maneuvering for leverage ahead of their upcoming meeting and the expiration of a US-China trade truce, even at the risk of escalating tensions between the world’s two biggest economies.
A proposed 50 billion-rand ($2.9 billion) inland port in South Africa’s wealthiest province could cut truck traffic on one of the country’s busiest freeways by one-third, Business Day reported.
Stock Exchange of Thailand (SET) President, Asadej Kongsiri, says the bourse is considering easing some of its rules to boost market liquidity. Speaking exclusively on Bloomberg's Insight with Haslinda Amin, Asadej also mentioned that the stock exchange will look at the country’s so-called uptick rule on short selling. (Source: Bloomberg)
Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners. The move was largely expected but served as a capstone on the first phase of the deal. USP President Donald Trump, whose 20-point plan formed the basis for the agreement, said he’ll travel to Israel to be on hand for the release of hostages. Bloomberg’s Dan Williams reports.
South Africa’s Reserve Bank Governor Lesetja Kganyago said that officially locking in a lower inflation goal could underpin another drop in bond yields. He spoke to Bloomberg's Jennifer Zabasajja in Johannesburg. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
India's financial capital is in the midst of a rapid transformation, racing towards faster commutes and urban renewal, under a multi-billion dollar infrastructure blitz. Bloomberg's Menaka Doshi reports from Mumbai. (Source: Bloomberg)
Growing outrage over crime and political scandals eroded support for the country’s most unpopular leader in recent history.
A deal offers some possibility of a broader solution, but the hurdles are enormous.
President Paul Biya of Cameroon, in power for 43 years, is not going anywhere.
TP ICAP Group Plc’s crypto spot trading exchange plans to start offering stablecoin trading pairs, as volume growth on the platform mirrors the wider boom in digital assets.
Paul Biya, the world’s oldest president, wants to rule Cameroon at least until he’s 99. That has investors worried about strife in the African nation prone to conflict.
She led the Ramblers’ basketball players in pregame prayers, pointed out opponents’ strengths and weaknesses and supported the team in N.C.A.A. tournaments.
A conversation with our tech columnist Kevin Roose about an A.I.-generated video of him on a date with a robot.
WeWork India Management Ltd. fell during its Mumbai trading debut after the company’s initial public offering failed to attract wealthy and retail investors.
Bar Leone, an Italian-themed bar in Hong Kong, has taken the top spot in the World’s 50 Best Bars list, the first time for an Asian venue. Co-founder Lorenzo Antinori joined "Bloomberg: The China Show" to share insights about the bar's success and how it's keeping customers happy. (Source: Bloomberg)
Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
The NBA is returning to China with preseason games in gambling hub Macau, six years after a fallout over the protests in Hong Kong put the relationship on ice. The Brooklyn Nets and Phoenix Suns are playing over the weekend. Bloomberg's Adrian Wong reports. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from sydney and Singapore with Paul Allen and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Bridgewater Associates founder Ray Dalio has warned that "a civil war of some sort” is developing in the US and other parts of the world with “irreconcilable differences.” Dalio sat down for an extensive conversation with "Leaders With Francine Lacqua." (Source: Bloomberg)
South African Reserve Bank Governor Lesetja Kganyago says that locking in a lower inflation goal could underpin another drop in bond yields. He also talks about gold after the yellow metal smashed through $4,000 an ounce for the first time earlier this week. "We still have gold in the ground, so if we need it we will just go and dig some more," Kganyago says. He speaks to Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
The South Korean company’s ridiculously spicy instant noodles have been around for more than a decade, but the growth just keeps on coming, thanks to their repeated online fame.
While almost all Israelis have rallied around US-brokered ceasefire, premier’s ultranationalist allies oppose ending war
New biometric border system will be rolled out over six months
New York bank is imposing eye and fingerprint scans amid heightened security concerns at corporate offices
Allianz, Coface and AIG among groups to have written credit insurance policies linked to bankrupt car parts maker
Investors shouldn’t make directional calls but compare pay-offs and risk
Finance minister signals end of Berlin’s reluctance to completing Europe’s capital markets union
Brussels aims to use its €300bn aid programme for geopolitical muscle, says commissioner Jozef Sikela
People with a degree are faring better, not worse than their non-graduate counterparts
Global FDI is flowing west — this may well be one of Trump’s biggest legacies
Stringent border checks come after Beijing orders tech companies to stop ordering US processors
Surge in scams forces VodafoneThree, EE and Virgin Media O2 to tighten controls on mobile phone purchases
Funds that exclude US stocks are attracting record inflows as investors ‘rebalance’ their exposure
China is using the high-altitude expanse for immense solar panel farms and wind turbines and has begun work on the world’s largest hydroelectric dams.
A disappointing forecast mars the coming-out of Elettrica, an EV that will test its loyal customer base.
Swiss voters want the government to walk away from a deal to buy three dozen F-35 fighter jets from Lockheed Martin Corp. because of a disagreement over the contract and a risk that the price could increase by as much as 1.3 billion francs ($1.6 billion).
Low water levels in Norway’s key southern reservoirs are raising the risk of tightly supplied power markets across northwest Europe this winter as hydro exports dwindle.
The Stock Exchange of Thailand is considering easing some of its rules to boost market liquidity, President Asadej Kongsiri said.
Francine Lacqua meets Ray Dalio on OceanX in the port of Nice for the UN Ocean Conference. They speak about radical transparency, building and leaving one of the largest hedge funds and what’s next. (Source: Bloomberg)
Venture Global Inc. potentially faces multibillion-dollar damages over disputed liquefied natural gas shipments, after an unexpected loss in a landmark BP Plc arbitration that could pave the way for additional claims.
Japan’s Finance Minister Katsunobu Kato stepped up his warnings over yen movements, after the currency hit a fresh eight-month low against the dollar early Friday, despite efforts by the ruling party’s new leader to calm market concerns.
Initial public offerings in India could raise as much as $20 billion over the next 12 months, helping the country to cement its position as one of the world’s busiest listings markets, according to Citigroup Inc.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
The legislation would provide a 3.8 percent pay raise for American troops, while funding weapons and overhauling military procurement.
China’s new export controls over parts of the battery supply chain are the latest sign Beijing is willing to leverage its dominance over an industry vital to the energy transition.
Hello, this is Jasmine Ng in Singapore, where my colleagues and I were watching over our China coverage while the team took off for Golden Week.
HashKey Group, the operator of Hong Kong’s biggest licensed crypto exchange, has confidentially filed for an initial public offering in the Asian financial hub, according to people with knowledge of the matter.
The relationship between Japan’s long-ruling Liberal Democratic Party and its coalition partner Komeito is facing its biggest test since they allied in 1999.
Shares of Delta Electronics (Thailand) Pcl, the country’s most valuable publicly traded company, are set to fall after the stock exchange imposed market surveillance measures on the securities following a record-breaking rally this month.
The federal magistrate judge, Zia M. Faruqui, accused prosecutors of relying on a “facially invalid” indictment to charge a man with felony gun possession.
Copper declined after rallying to near a record, as traders focused on production outages.
Prices of Chinese carbon credits were at the lowest level in more than two years as the nation’s carryover rules triggered a sell-off.
A magnitude 7.4 quake struck the off the east coast of Mindanao, a southern Philippine island. Officials issued a tsunami warning.
Vietnamese conglomerate Vingroup JSC is seeking a $500 million private credit loan to expand its electric vehicle charging station network across the region, according to people familiar with the matter.
Seven & i Holdings Co. shares fell the most in almost three months after cutting its profit outlook for the current fiscal year, deepening its discount to Alimentation Couche-Tard Inc.’s ¥6.77 trillion ($44.4 billion) proposal to buy the Japanese company.
Judge April M. Perry said the Trump administration had not established that sending in troops over the governor’s objection was legally justified. An appeal is likely.
It’s a job that will take the rest of his presidency.
China’s onshore treasury bills drew robust demand among investors at post-holiday auctions, reflecting ample liquidity in the banking system.
The declaration would allow the Los Angeles County Board of Supervisors to enact an eviction moratorium and other protections for immigrants.
President Trump says the administration is weighing a U.S. response to Beijing’s newest restrictions.
John Ismay, who reports on the Pentagon for The New York Times, describes what National Guard troops and civilian law enforcement are doing in cities where President Trump has mobilized them.
Samsung Electronics Co. shares jumped, on track to close at an all-time high, riding investor enthusiasm for its potential in artificial intelligence chips and renewed confidence in its conventional memory business.
Uniqlo owner Fast Retailing Co.’s shares climbed the most in six months after reporting double-digit revenue and profit growth in North America, as its US expansion defied tariff volatility sparked by President Donald Trump earlier this year.
The American force will help coordinate the many aspects of the cease-fire deal.
The American force will help coordinate the many aspects of the cease-fire deal.
The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand, as asset prices soar despite mounting shifts in global trade.
China’s chip stocks have staged a world-beating rally in the past few months on the nation’s self-sufficiency push, but some investors are beginning to balk at their lofty valuations.
Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign exchange market, but the wager is starting to stumble.
Reliable Robotics is among startups hoping to revolutionize air travel by doing away with the need for human pilots on cargo, military and even passenger aircraft.
The president adopted an unorthodox strategy of declaring victory first and letting others work out the details later, and it is paying off for now.
The Bureau of Labor Statistics will bring some furloughed employees back to work so it can publish the September consumer-price index, a key inflation report, an administration official said.
The heads of Japan’s biggest financial firms are going out of their way to assuage worries that artificial intelligence will take away jobs.
Billionaire Rick Caruso says he's confident Los Angeles can build up and bring jobs back into the city during a conversation with Bloomberg's John Gittelsohn at the Bloomberg Screentime Conference in Los Angeles. (Source: Bloomberg)
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Robert McWhirter, Constitutional Lawyer, reacts to New York Attorney General Letitia James being indicted on fraud charges. Senator Shelley Moore Capito (R-WV) talks about the Senate canceling their recess next week and whether or not this signifies progress towards ending the government shutdown. Aaron David Miller, Senior Fellow at the Carnegie Endowment for International Peace, on the latest with President Trump and Israel, Hamas talks, and Sen. Jerry Moran (R-KS) on how shutdown may impact air travel. (Source: Bloomberg)
Gold steadied after falling below $4,000 an ounce in the previous session, while silver extended losses as investors took profits following a rally that sent prices to the highest since 1980.
New Zealand's Finance Minister says she expects the country to return to growth in the third quarter, with further acceleration in 2026. We spoke exclusively to Nicola Willis, and asked her why the economy has been so fragile, with a bigger-than-expected contraction in the second quarter. (Source: Bloomberg)
New York’s attorney general is accused of falsely listing a rental property in Virginia as her secondary residence to get favorable loan terms. She has called the charges “baseless.”
Oil held the biggest decline in a week on cautious optimism about easing tensions in the Middle East and the outlook for supply.
Lucy Guo, Founder and CEO of Passes, joins Bloomberg Businessweek Daily at Bloomberg Screentime to weigh in on the world of content creators and their businesses. Guo discusses how her platform helps diversify revenue streams for influencers, the platform's client base, and more. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
The directors of Tata Trusts are set to meet Friday, people familiar with the matter said, after government officials stepped in this week to defuse a boardroom fight at the powerful philanthropic body, which indirectly controls the Tata Group.
"The YouTube problem is nobody stands up to them," Irving Azoff, chair and CEO of The Azoff Company, says while criticizing YouTube for being a "bully" during a conversation with Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Israeli Prime Minister Benjamin Netanyahu’s cabinet votes for the first phase of the US president’s peace deal
New York’s attorney general is accused of falsely listing a rental property in Virginia as her secondary residence to get favorable loan terms. She has called the charges “baseless.”
The mayor said her rival “sounded like Trump.”
A bid is under way to persuade the Nobel committee to make Trump the fifth American president to receive the honor.
Bloomberg’s Chadwick Matlin hosts a special edition of Pointed, the weekly news quiz show, testing entertainment knowledge with Bloomberg's Lucas Shaw and Ashley Carman at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Jennie Sowers, Partner and Head of Entertainment Group at Corient, discusses financial planning for creators and media entrepreneurs at Bloomberg Screentime in Los Angeles with Bloomberg's Ashish Verma. (Source: Bloomberg)
Caruso Founder and CEO Rick Caruso discusses his bold plan for rebuilding Los Angeles after devastating wildfires with Bloomberg's John Gittelsohn at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Rockefeller Asset Management’s Alex Petrone, Citi’s Filippo Falorni, Former U.S. Comptroller of Currency Gene Ludwig, Manulife John Hancock Investments’ Emily Roland, D.A. Davidson’s Gil Luria, Partners Group’s David Layton, IMAX’s Richard Gelfond. (Source: Bloomberg)
Dr. Keneisha Sinclair-McBride, Associate Chief of Integrated Behavioral Health at Boston Children's Hospital and Assistant Professor of Psychology at Harvard Medical School, joins Bloomberg Businessweek Daily to discuss the impact of social media and phone use among children and teens, along with methods parents can use when it comes to monitoring screen time and content. Sinclair-McBride says that outright phone bans don't necessarily lead to productive outcomes, that parents can use open conversations to figure out what kids are watching and how often, and more. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
The scientific Nobels announced this week — in Physiology or Medicine, Physics and Chemistry — honored achievements rooted in fundamental research from decades ago.
County officials in Wyoming fired Terri Lesley, a library director, after she refused to purge children and young adult books that contained sexual content and L.G.B.T.Q. themes.
Senator Shelley Moore Capito (R) West Virginia talks about the Senate canceling their recess next week and whether or not this signifies progress towards ending the government shutdown. She also talks about needing the government to be open before negotiations can take place, her view on President Trump suggesting permanent layoffs for federal employees and how the shutdown will impact airports. Senator Moore speaks with Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
Willow Bay talks about buying the Los Angeles women’s soccer team Angel City Football Club with her husband, Walt Disney Co. Chief Executive Officer Bob Iger. Angel City was the “biggest investment we’ve ever made personally,” she said, adding that she expects “that to hold firm for quite some time." Bay speaks to Jason Kelly and Alex Rodriguez at Bloomberg Screentime. (Source: Bloomberg)
Good morning and happy Friday, it’s Chris here in Melbourne with your latest news rundown ahead of the weekend. The ASX is set for a weaker open this morning, but first...Today’s must-reads:• Small cap stocks frenzy• Super funds podcast• BHP-China dispute
Case comes after president urged Department of Justice to take legal action against top prosecutor
President Trump has coveted the prize for years. The winner will be unveiled 48 hours after President Trump announced a breakthrough in the Israel-Hamas war.
If it strikes you as foolish, consider how well the serious people’s ideas have turned out in the Mideast.
The official committee of unsecured creditors in First Brands Group insolvency case includes an affiliate to Raistone, one of the fiercest critics of the bankrupt auto-parts supplier, according to a Thursday court filing.
Richard Gelfond, IMAX CEO, says there’s a lot of content coming ahead of 2026, stressing the industry was thrown off by the pandemic and strikes. He tells Katie Greifeld on “The Close” that the company’s theater growth has been strongest in Japan, the Middle East, Australia and North America. (Source: Bloomberg)
India's financial capital, Mumbai, is transforming fast. With Prime Minister Modi inaugurating major infrastructure projects—including a new airport and metro line—the city is racing toward faster commutes and urban renewal. The price tag? A staggering 20 to 30 billion dollars. (Source: Bloomberg)
Asian equities were primed for a pullback early Friday after a rally in US stocks stalled amid concern valuations may have become stretched following their relentless surge.
David Layton, Partners Group CEO, says growing interest in the evergreen space has positioned the firm as a leader in making private markets more accessible to everyday investors. He tells Katie Greifeld and Scarlet Fu on “The Close” that the company has nearly a 20-year track record of building and managing evergreen structures. (Source: Bloomberg)
Also, New York’s attorney general was indicted. Here’s the latest at the end of Thursday.
Gene Ludwig, former U.S. Comptroller of the Currency and author of “The Mismeasurement of America,” says Treasury’s support for Argentina’s currency is one of the toughest calls it has to make. He tells Scarlet Fu and Katie Greifeld on “The Close” that Argentina is an important country, and keeping it stable is a sensible move. (Source: Bloomberg)
The President reversed the Biden method and put Israel’s security first.
Revenue in the quarter rose by 41% in the U.S., where the Canadian company is aiming to grow to around 200 stores.
The Canadian rapper sued for defamation and harassment, and accused the record company behind both artists of boosting his rival.
Lo and behold, elections have consequences—even in Brussels.
Many cities and states are observing the day. President Trump has declared himself a supporter of Columbus Day.
Irving Azoff, Chairman & CEO of The Azoff Company, speaks with Bloomberg’s Lucas Shaw about shaping artists’ power and live music’s evolution at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Robert McWhirter, Constitutional Lawyer, reacts to New York Attorney General Letitia James being indicted by the Department of Justice stating he was “shocked but not surprised.” He talks about President Trump weaponizing the DOJ and voices his issues with US Attorney General Pam Bondi and if she will still have her law license after this. McWhirter speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Irving Azoff, chair and CEO of The Azoff Company, says live entertainment is thriving more than ever and discusses the increasing prices of concert tickets with Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
The Fortress Investment Group-backed company building a high-speed passenger railroad between Southern California and Las Vegas is in talks with bondholders about exchanging $2.5 billion of municipal debt for new securities before a November deadline to complete a financing plan for the project, according to people familiar with the matter.
Good morning. A ceasefire is taking effect in Gaza. Netflix’s second half is off to a wild start. And we’ve got a guide to help you make the most out of your next trip to Japan. Listen to the day’s top stories.
The jean maker now expects annual revenue to rise about 3% thanks to its focus on its direct-to-consumer business and broader branding efforts.
People on both sides seem hopeful, but sticking points remain. Here’s what we know about the agreement.
While former Gov. Andrew M. Cuomo benefited from Mayor Eric Adams’s departure, Zohran Mamdani still enjoyed a sizable lead in the Quinnipiac University poll.
Bloomberg Originals pulls back the curtain on a platform famous for adult content and the challenges it faces in making a multibillion-dollar pivot.
Safety investigations and the bully pulpit could complicate the automaker’s development of automated driving systems, but only if regulators want to.
New York Attorney General Letitia James has been indicted by a federal grand jury on mortgage fraud charges. The case was brought in Virginia. Bloomberg Law's Keith Alexander reports. (Source: Bloomberg)
Her life and work were shaped by confronting injustice in South Africa and Germany. “Blacks under apartheid — Jews under the swastika. Was it all that different?” she asked.
Real estate billionaire Rick Caruso responds to criticism from LA Mayor Karen Bass that he is "exploiting" the fallout from the Palisades fire in January at Bloomberg Screentime. Caruso ran for mayor against Bass in 2022. Since the fires, Caruso created a nonprofit called Steadfast LA to help rebuild what was destroyed in the fires. Steadfast LA, announced less than a month after the disaster, would sit “between the public and private sectors” to speed the rebuilding process. It would pull together a who’s who of prominent names in Caruso’s network, including venture capitalist Joe Lonsdale, Netflix co-Chief Executive Officer Ted Sarandos and executives from Gensler, JPMorgan Chase and McKinsey. On Bloomberg Businessweek Daily, Carus tells Carol Massar and Tim Stenovec the fire response showed a 'failure" of government in LA. (Source: Bloomberg)
PepsiCo logged higher revenue in its fiscal third quarter, though profit slipped as volumes fell. The company also tapped a Walmart executive to fill its top finance role as PepsiCo aims to turn around its slowing soda and snack sales.
When it comes to education policy, Republicans are now kicking Democrats in the butt.
OnlyFans is one of the biggest user-generated content platforms in the world. With a potential multibillion-dollar sale in the air, it’s trying to shake its reputation as mainly a destination for porn. (Source: Bloomberg)
Find insight on Zeta Global, OpenAI’s Sora 2 and more in the latest Market Talks covering Technology, Media and Telecom.
Find insight on BRP, Delta Air Lines and more in the latest Market Talks covering Auto and Transport.
Democratic Senator Elizabeth Warren asked a group representing hedge funds and other asset managers to describe what role, if any, it played in the Trump administration’s deliberations over how to extend US financial support to Argentina during a period of market turmoil.
With the agreement still unsigned, people in Gaza and Israel celebrated a possible end to two years of war, but hoped they were not doing so prematurely.
Venture Global Inc. lost a dispute with BP Plc involving the sale of liquefied natural gas cargoes, a surprise defeat that comes eight weeks after the US LNG exporter prevailed in a similar fight with Shell Plc.
Argentine dollar bonds soared and the peso rebounded, posting its best day in almost two weeks, as the US Treasury intervened directly in the local currency market. Julia Leite and Mike McKee have more on “Bloomberg The Close.”
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
Nvidia bucks downward trend, rising to $4.7 trillion market cap.
English Jews are in an ‘inexorable decline to zero,’ says Rabbi Pinchas Dunner.
The US rushed to stabilize Argentina’s economy on Thursday, offering $20 billion in financing and carrying out a rare intervention in currency markets to prop up the peso after weeks of sharp declines. Eugene Ludwig, former comptroller of the currency, weighs in. (Source: Bloomberg)
The hopeful prime minister sees her security policies as being intertwined with Japan’s economic and the LDP’s political needs.
Scott Bessent announces $20bn ‘currency swap framework’ with the South American country’s central bank
And how can it ever be considered trustworthy participants in a democracy?
The technical objections to dollarization are pretexts.
President Donald Trump says he plans on being in Israel to welcome home the hostages being held in Gaza by Hamas. It's part of the peace deal he helped reach between Israel and Hamas. “The hostages will be coming back Monday or Tuesday,” Trump said in the Oval Office on Thursday. “I hope to be there.” He also raised the possibility that he would address Israel’s parliament, the Knesset. (Source: Bloomberg)
In 2019, Justin Pichetrungsi was working his job as an art director in Glendale, California when got a call that his father, chef-owner of restaurant Anajak Thai, had suffered a debilitating stroke. Pichetrungsi took over the kitchen of the 38-year-old establishment, and six years later has turned a formerly unremarkable pan-Asian restaurant into one of the hottest tables in LA. In the process, he’s been named best new chef by Food & Wine (2022) and best chef California by the James Beard Foundation (2023). He sat down with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily at Bloomberg Screentime to discuss his career, culinary innovations, and more. (Source: Bloomberg)
Scopely COO Eunice Lee joins Bloomberg Businessweek live from Screentime with Carol Massar and Tim Stenovec to discuss consolidation in the gaming space, the growth in popularity for video games and the company's acquisition of Pokémon GO. In February, Scopely purchased the hit game Pokémon Go for $3.5 billion. Scopely’s goal, according to Co-Chief Executive Officer Javier Ferreira, is to have a portfolio of successful titles that can support each other in an $178 billion industry that was essentially flat last year. While mobile games like Pokémon Go are at the core of Scopely’s business, the company is developing or considering acquiring PC and console titles. Ferreira said massively multiplayer online role-playing games are “interesting,” although he declined to say if the company was making one. At Screentime, Lee says gaming is a fast growing area for investment and investments show people are seeing opprotunity. (Source: Bloomberg)
Levi Strauss & Co. raised its full-year outlook and warned that tariffs are starting to bite.
A lesson from VW’s experience with the UAW.
The closely held company faces a federal probe after board directors discovered accounting irregularities, sources say.
The convergence of old and new media is reshaping the current media landscape. Needham & Company Senior Analyst Laura Martin sees companies like Youtube and Amazon at the forefront of this new era. Young people, as Martin describes, are using short-form media outlets like Youtube to drive TV habits towards longer-form mediums. Martin also believes that companies like Netflix face tremendous risk going forward if they fail to purchase a company with a long and established library of IP. She joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Live’ from Bloomberg Screentime to discuss the consolidation movement across the media landscape. (Source: Bloomberg)
In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case.
Samira Bakhtiar, General Manager of Media & Entertainment, Games & Sports Business, AWS, speaks with Bloomberg moderator about cloud innovation at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Nuveen Asset Management LLC’s chief investment officer Saira Malik says strong corporate earnings are likely to drive a US stock rally into year-end. For equities, the fourth quarter “is normally a strong quarter, especially when we’re up substantially year to date,” she said on "Bloomberg Open Interest." (Source: Bloomberg)
Erin and Sara Foster, creators and Executive producers of Netflix’s Nobody Wants This, share lessons on building original IP in today’s competitive media market with Bloomberg's Caroline Hyde at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Hollywood is typically focused on the people in front of the camera - and, increasingly, that means streamers like Imane Anys, aka “Pokimane," one of the most popular streamers on Twitch with nearly 10 million dedicated followers. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Spot silver prices jumped to the highest level in decades as surging demand for safe-haven assets ran into supply constraints in the London bullion market. Silver has been boosted this year by the so-called “debasement trade,” with investors flocking to the perceived safety of Bitcoin, gold and silver. Gold also hit a record this week as it passed $4,000 at one point. On "Bloomberg Markets," Scarlet Fu talks with Max Layton, global head of commodities research at Citi, about the surge in prices and his price targets. (Source: Bloomberg)
More highly indebted companies will slip into distress as the US economy slows and earnings suffer, according to Aegon Asset Management. “I am bracing for a little more trouble ahead,” Jim Schaeffer, the $380 billion manager’s global head of leveraged finance, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Julie Hung in the latest Credit Edge podcast. “We’re starting to see more and more companies just hitting a wall,” he adds. They also discuss the third-quarter earnings outlo
Where governments and the public once saw safety risks, some now see a source of low-carbon electricity.
Next week Chicago Mayor Brandon Johnson will reveal a new city budget that accounts for a potential loss of federal funds. The city is already facing a $1.15 billion deficit for 2026. Bloomberg News Reporter Shruti Singh speaks with Scarlet Fu on "Bloomberg Markets" for today's Muni Moment. (Source: Bloomberg)
A few key players are increasing dominating the mobile gaming space - including Scopely, the publisher behind "MARVEL Strike Force", "Yahtzee With Buddies", and "Pokemon Go." Scopely Chief Operating Officer Eunice Lee discusses the company's business model and competition with Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec are live from Bloomberg Screentime. YouTuber Kinigra Deon talks reaching and keeping an online audience, Weil Gotshal & Manges Partner Tom Ara talks M&A and dealmaking dominating the media landscape, and Boston Children's Hospital Association Chief of Integrated Behavioral Health Dr. Keneisha Sinclair-McBride discusses the health impacts of social media on children and how parents can navigate cutting back on usage. Also, actor, producer and director Mark Duplass on the state of the media industry and how production has evolved. (Source: Bloomberg)
Employees are finding practical and creative ways to leverage AI technology into real business value. If that is you, Bloomberg wants to hear your story.
Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people had even heard of them until the eruption of the US-China trade war thrust them into the limelight.
Amazon's streaming platform Twitch is growing by the minute, averaging over 105 million monthly visitors globally. Twitch CEO Dan Clancy discusses the current state - and future - of the livestreaming business model. He joins Caroline Hyde and Ed Ludlow "Bloomberg Tech." (Source: Bloomberg)
Imane Anys, who goes by the name “Pokimane” online, says users don't have the time anymore to watch livestreams on Twitch for hours at a time. She speaks at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Edward Hamati, CIO at The Stewart Trust, weighs in on the valuations and mergers he's seeing in the entertainment landscape and what investors reveal about where the media ecosystem is headed. (Source: Bloomberg)
Public broadcasting as a whole is facing new challenges, as outlets like PBS and NPR saw their share of federal funding cut by Congress over the summer — raising questions about their future. At the center of that debate is NPR CEO Katherine Maher, who was called before an oversight committee earlier this year. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
From a data center startup with one customer to special purpose acquisition companies helping form hoarders of speculative crypto tokens, firms raising hundreds of millions of dollars in the equity market are increasingly touting their links to President Donald Trump.
Trained in New York City real estate, the president’s son-in-law had a singular goal: Get to a yes first, and hash out the details later. “It’s just different being deal guys — just a different sport,” he said.
Putin could be forced to choose between sustaining the war and maintaining payouts to his oligarchs.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Citi Global Head of Commodities Research Max Layton, KPMG Chief Economist Diane Swonk, Tyler Kendall, Shruti Singh, Anthony Hughes, and Lucas Shaw (Source: Bloomberg)
U.S. natural gas futures fell for a second straight session as a weekly inventory build came in at the high end of expectations, but enough below average to reduce the storage surplus.
Award-winning actor, filmmaker and producer Mark Duplass has appeared in a wide range of film and television projects, earning multiple Emmy nominations for his role in the Apple+ series 'The Morning Show.' Duplass, along with brother Jay and collaborator Mel Eslyn, create original projects for film, television, and digital media under their banner Duplass Brothers Productions. He joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' at Bloomberg Screentime to discuss the state of the media industry. (Source: Bloomberg)
But 14 years of failures and Reform UK’s energy have made the electoral scene newly challenging.
A visit to The New York Times’s Kyiv bureau stayed with an editor based in Manhattan. So too did the air alert app that is widely used to warn civilians of Russian military activity.
Here’s the list of ancient shows I inflict on my daughters. What’s yours?
Twitch CEO Dan Clancy and streamer Imane “Pokimane” Anys join Bloomberg’s Ed Ludlow to explore audience engagement, gaming and interactive media at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
With its regional influence vastly diminished in the two years since the Israel-Hamas war began, Iran had a muted response to the new cease-fire agreement.
MercadoLibre Inc. is in talks with Brazilian regulators as part of its push to allow pharmacies to sell medications on the company’s local marketplace.
Treasury Secretary Scott Bessent said the US has finalized a $20 billion currency swap framework with Argentina’s central bank, making the announcement in a social media post Thursday.
US stocks are likely to continue climbing into year-end as robust corporate earnings — particularly in megacap technology giants — keep driving shares higher, according to Nuveen Asset Management LLC’s chief investment officer.
The president said he had made flag burning a crime punishable by a year in prison. But such a claim contradicts both Supreme Court precedent and the text of an executive order he signed.
The Office of the Superintendent of Financial Institutions notes uncertainty surrounding tariffs has reduced the activity of lenders as they wait for a solution to the trade dispute with the U.S.
A record low share of Thursday’s monthly auction of 30-year Treasury bonds was awarded to major US bond dealers, deepening a two-decade slide.
YouTuber Kinigra Deon isn’t just making content. She is creating cinematic, long-form stories for the internet age. With Hollywood-level production and a creator’s agility, Deon works to redefine what resonates on the digital screen while scaling, monetizing and building loyal audiences. She joins Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' from Bloomberg Screentime to discuss her digital platform, recent production deal with Kevin Hart, and how YouTubers and content creators are redefining the boundary between traditional media and the ever-growing digital world. (Source: Bloomberg)
Warner Bros. Discovery Inc.’s film chiefs Michael De Luca and Pamela Abdy talk about why the movies "A Minecraft Movie" and "Sinners" were so successful at the box office this year. They also say there will be sequel to "Minecraft" released in July of 2027. They speak to Bloomberg's Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Investors are looking past Big Tech for clues—Delta and Pepsi deliver upbeat results as earnings take center stage. Meanwhile, Ferrari slumps the most since 2016 after scaling back its EV push. Hedge fund titan Bruce Richards weighs in on whether the AI rally is turning frothy. With the government shutdown freezing official data, Carlyle fills the gap with a bleak labor read.And Fermi is the latest AI name pioneering the development of a next-generation private electric grid. CEO Toby Neugebauer joins Bloomberg Open Interest to talk about his new company. (Source: Bloomberg)
Mark Sedwill adds to pressure on Keir Starmer by saying he is ‘puzzled’ why a Chinese spy case collapsed
Meta’s Adam Mosseri joins Bloomberg’s Kurt Wagner to discuss new tools for creators, AI in feeds and the $500B creator economy at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Warner Bros. Discovery Inc.'s film chiefs Michael De Luca and Pamela Abdy say they are focused on the slate of upcoming movies in 2026 and 2027, even as the company prepares to split into two. De Luca says morale at the studio is very high. “Nothing has changed, and we’re feeling very excited,” Abdy said. They speak to Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China.
Samira Bakhtiar, general manager of media, entertainment, games and sports for AWS, breaks down how tech is increasingly intersecting with gaming, sports and entertainment as customers and consumers look for new and innovative ways to interact with content. (Source: Bloomberg)
New York prosecutors’ probe into bankrupt company is at an early stage and described as a fact-finding mission
Pamela Abdy and Michael De Luca, Co-Chars and CEOs of Warner Bros. Motion Picture Group, break down blockbuster filmmaking in an era of divided audiences with Bloomberg's Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
He made billions selling energy with his Coastal Corporation, courted presidents and dictators, and eventually went to prison for paying kickbacks to the Iraqi government.
After the Federal Reserve’s initial rate cut last month, the central bank should proceed carefully with further adjustments to its policy stance, Fed governor Michael Barr said, citing concerns that prices are still rising too quickly.
Specialty chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal worth around $5.8 billion in the latest sign of investor unease in the frothy market for risky debt.
A 25-year-old man attacked the victim on Tuesday at the Jay Street-MetroTech subway station in Brooklyn, according to the police. The two men did not appear to know each other.
A US judge has temporarily imposed stricter limits on when federal agents can use physical force and make arrests during Chicago-area demonstrations against the Trump administration’s ramped up immigration enforcement.
Federal Reserve Governor Michael Barr calls for a cautious approach toward further interest-rate cuts, emphasizing the possibility that tariffs will create persistent inflation. He speaks at an event with the Economic Club of Minnesota.
Hi, it’s Elffie Chew and Dave Sebastian, looking at what’s turning into the best year for Singapore’s equity capital market in recent memory. Also today, we have another biotech deal and a tie-up brewing in the US Permian.
Asset-backed securities issuance remains slightly behind the same period in 2024, even with Tricolor-related angst continuing, notes Bloomberg Intelligence ABS Strategist Rod Chadehumbe on this Macro Matters edition of the FICC Focus podcast series. Chadehumbe and Bloomberg Intelligence Head of US Rates Strategy Ira Jersey discuss Tricolor’s effect on the ABS market, how the consumer is driving issuance, recent trends in subprime credit-card and auto-ABS delinquencies, and his outlook for spread
The threat of rising Obamacare premiums has been Democrats’ main focus in the public debate, but the president’s defiance of laws, norms and congressional constraints has helped hold them together in opposition.
Defining the next phase of pop culture, Bloomberg Screentime looks at the future of Hollywood studios, the boom in sports and live music and the impact of AI on the creative industries live from Los Angeles. (Source: Bloomberg)
Paramount Skydance CEO David Ellison sits down with Bloomberg’s Lucas Shaw to discuss his media empire and future deal making at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
For the first time, scientists documented direct evidence of a bat preying on a bird at high altitude.
France’s economic growth was resilient in recent months despite heightened political uncertainty weighing on business leaders, the country’s central bank said.
Experimenting with the math and data behind large language models can be exhilarating—and revealing.
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening dollar, according to Deutsche Bank AG.
US President Donald Trump predicted China would resume purchases of American soybeans after meeting President Xi Jinping, though a cabinet official said federal relief for beleaguered farmers will have to wait until the government reopens.
GM is bringing back its Chevrolet Bolt with a new model that it expects to account for much of its electric-vehicle volume next year.
A joint venture between Norinchukin Bank and Japanese trading house Mitsui & Co. faces $1.75 billion of exposure to bankrupt auto-parts supplier First Brands Group, court documents show.
Gov. Kevin Stitt, the current chairman of the National Governors Association, broke with Texas, saying, “Oklahomans would lose their mind” if Illinois sent troops to their red state.
Kotak Mutual Fund on Thursday temporarily halted new purchases in its fund-of-fund plan, which invests in the Indian firm’s silver exchange-traded fund, citing a domestic shortage that has pushed prices above global levels.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Elevated trading volume across the Treasury market on the last day of the month is even more disproportionate than previously understood, according to new research by the Federal Reserve Bank of New York.
Paramount Skydance Chairman and Chief Executive Officer David Ellison said of the company’s acquisition strategy, “there are a lot of options out there,” as he declined to comment on a potential bid for Warner Bros. Discovery. Ellison spoke with Lucas Shaw Thursday at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Bill Burr, Dave Chappelle and others have framed their participation as a matter of open expression. Yet they’re maddeningly vague about how much dissent is possible in Saudi Arabia.
Los Angeles Mayor Karen Bass speaks with Bloomberg’s Sarah McGregor about cutting red tape for film and TV, rebuilding after wildfires and immigration policy at Bloomberg Screentime in Los Angeles.c (Source: Bloomberg)
Alliance Laundry Holdings Inc. shares opened 11% above their initial public offering price after the company and its private equity backer raised $826.3 million in its listing.
Warner Music Group CEO Robert Kyncl joins Bloomberg’s Lucas Shaw to discuss unlocking growth for artists in the era of global streaming at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Business development companies are generally seen as a proxy for the $1.7 trillion private credit market. Now, their struggles are indicating a weakening industry.
After a years-long slump the cannabis industry is ready for a second look, according to a Canaccord Genuity analyst who kicked off coverage by rating four out of five cannabis stocks as buys.
He made billions selling energy with his Coastal Corporation, courted presidents and dictators, and eventually went to prison for paying kickbacks to the Iraqi government.
Chad Williams was a force behind Wall Street’s bet on artificial intelligence before he stepped down from QTS, the fast-growing data center landlord owned by Blackstone Inc.
Former prime minister becomes latest UK politician to take Silicon Valley roles
The incident last year further eroded Moscow’s influence across the former Soviet states.
The incident last year further eroded Moscow’s influence across the former Soviet states.
I usually feel a sense of regret before I even step into the room — of a conference, confab, awards dinner, pretty much any other formal networking event. All too often, I feel awkward in a space full of suits and plastic name tags, then leave having put my foot in my mouth.
Failures of two US companies reliant on asset-based lending prove ‘useful case studies’, FCA says
One of the dozens of men convicted of raping Gisèle Pelicot appealed his verdict, but a French court again found him guilty.
One of the dozens of men convicted of raping Gisèle Pelicot appealed his verdict, but a French court again found him guilty.
Israel says 20 living hostages are held by Hamas, set for release in a prisoner exchange together with the remains of those who died. Here’s what we know about them.
Israel says 20 living hostages are held by Hamas, set for release in a prisoner exchange together with the remains of those who died. Here’s what we know about them.
Shares of the largest U.S. airline by market capitalization traded 4% higher by midday Thursday after it unveiled quarterly earnings.
Canadian heavy crude prices are entering the fourth quarter at their strongest level since July amid rising Asian demand for the heavy oil sands crude.
Delta Air Lines Inc. predicted continued strong demand into next year after reporting better-than-expected earnings for the third quarter, helped by leisure travelers splurging on premium seats and a rebound in corporate travel. The stock rose the most since August after the carrier said adjusted earnings per share were $1.71, higher than the $1.56 average of analysts’ estimates compiled by Bloomberg. Full-year EPS will be about $6, also ahead of the analyst consensus, with Delta saying it’s “well positioned to deliver top-line growth, margin expansion and earnings improvement” next year. Bloomberg's Siddharth Philip reports. (Source: Bloomberg)
Ferrari NV shares plunged the most intraday in nine years after the carmaker issued cautious forecasts that disappointed investors, marring a coming-out party for the company’s first electric vehicle. Adjusted earnings will rise to at least €3.6 billion ($4.2 billion) by 2030 from €2.72 billion this year, the Maranello, Italy-based company said Thursday. The outlook implies a slower earnings growth rate than what management offered during their last capital markets day three years ago. Bloomberg's Craig Trudell reports. (Source: Bloomberg)
Israeli Ambassador to the United Nations Danny Danon expects President Donald Trump to speak before the Knesset in Jerusalem this coming weekend. Trump helped broker the peace deal between Israel and Hamas. A ceasefire in Gaza is now in effect. Danon talks about the next steps in the peace process on "Bloomberg Surveillance." (Source: Bloomberg)
Phoenix Education Partners Inc., the owner of the University of Phoenix, climbed 30% after its backers raised $136 million in an initial public offering.
Suddenly, the Dallas Mavericks have something big to sell again
JPMorgan Chase & Co. is sounding out investors for a significant risk transfer tied to a $2 billion portfolio of loans used to buy private jets, according to people familiar with the matter.
Canadian mortgage lender First National Financial is preparing to sell C$600 million ($428 million) in bonds next week as it moves closer to being bought out by private equity investors, according to people with knowledge of the matter.
Bloomberg Originals Host & Executive Producer Emily Chang debuts second half of 2025 slate of bold, cinematic new shows on climate, technology, finance and sports at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
One of the top stories in British business today was HSBC offering to take its Hong Kong subsidiary Hang Seng Bank Ltd. private for $14 billion, as part of its pivot into Asia.
Media tycoon’s Northern & Shell sues Gambling Commission over bid to run UK’s National Lottery
Argentina’s government let the peso weaken Thursday for the first time this week, easing strains on the local market that had sent yields surging as it aggressively bought the currency to prevent it from tumbling.
Daniel Carvalho traz os assuntos que foram destaque da semana no Brasil. Com edição de Patricia Xavier e produção de Raphael Almeida. (Source: Bloomberg)
China has more industrial robots than the rest of the world combined, but newer, more flexible robots are keeping smaller U.S. manufacturers in the fight.
Inflation adjustments and the new tax law will combine to give taxpayers more relief.
Marathon Asset Management LP Chief Executive Officer Bruce Richards says First Brands is a "great company" with a bad balance sheet. Marathon, a distressed-debt investor, bought the term loan of First Brands at around 40 cents on the dollar. “We feel good about that position because we think it’s a great company that needs to be restructured,” Richards said on "Bloomberg Open Interest." (Source: Bloomberg)
Baytex Energy Corp., a Canada-based oil and gas producer, is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter.
Energy costs have become a central issue in the governor’s race between Jack Ciattarelli, the Republican, and Representative Mikie Sherrill, the Democrat.
Mordechi Rosenfeld, known as Modi, already has the synagogue crowd. Now he wants the “Goyim, gays and theys,” too.
The rally in shares of US miners of rare-earth materials got a boost Thursday after a China curb on exports of the minerals fueled bets that the American industry will benefit — and potentially spur additional investments from the federal government.
For most hardware makers, there aren’t any easy answers to a slowdown in buyer demand. But in the highly esoteric business of Bitcoin mining, upstart manufacturers such as Bitdeer Technologies Group have an ace up their sleeve: they can simply deploy their machines themselves.
When the government shut down, so did the federal flood insurance program, forcing some buyers into the costly private market.
Arthur C. Brooks, a Harvard professor who teaches a popular course on happiness, talks about why social media is making some young people less happy. He spoke in an interview for "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded August 5 at the Johns Hopkins Bloomberg Center in Washington, DC. (Source: Bloomberg)
Arthur C. Brooks, a Harvard professor who teaches a popular course on happiness, talks about how leaders can also be happy. He spoke in an interview for "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded August 5 at the Johns Hopkins Bloomberg Center in Washington, DC. (Source: Bloomberg)
The number of city households with three or more children has dropped by nearly 17 percent over the past decade as families struggle with the cost of child care and rent.
President Vladimir Putin’s rare acknowledgment of a Russian military mistake came as relations have deteriorated between the two former Soviet states.
They’re known as “gold bugs”: investors who treat the metal less like a commodity and more like a creed.
Colombian companies are bracing for gas rationing as the nation’s sole import terminal closes for scheduled maintenance, casting a spotlight on the Andean country’s widening supply deficit.
Jason Thomas, Carlyle’s head of global research and investment strategy, discusses the firm’s own estimates of US economic data, which show a grim read on the labor market. The US Labor Department’s September employment report was expected by economists in a Bloomberg poll to show a 54,000 increase in nonfarm payrolls. Carlyle estimates that just 17,000 jobs were created. He speaks on “Bloomberg Open Interest.”
In the month that issuers made a bold push for highly leveraged single-stock ETFs in the US, a tiny product across the Atlantic just showed how dangerous they can be.
Marathon Asset Management LP bought the term loan of collapsed First Brands Group at around 40 cents on the dollar and sees it as a “great company” with a bad balance sheet, Chief Executive Officer Bruce Richards said.
WSJ readers tell us how they think artificial intelligence will change the game.
US judges have rejected the Justice Department’s requests to delay more than a dozen legal challenges to President Donald Trump’s policies as the government shutdown enters its second week.
Toby Neugebauer is shaking up Texas power—literally. The private equity veteran and son of a former Congressman has teamed up with Rick Perry to build a next-generation private electric grid powering an 11-gigawatt AI data center. Neugebauer joins Bloomberg Open Interest fresh off the IPO of his new company, Fermi America. (Source: Bloomberg)
Spot silver prices reached the historic $50 mark, bolstered by gold’s record-breaking rally, growing investor demand for safe havens and persistent supply shortfalls.
On this episodes of Trillions, we go through some options for hedging against the inevitable swings of markets.
The Israeli prime minister appeared backed into a corner in Gaza diplomacy. But this deal could greatly increase his room for maneuver, analysts said.
The yen briefly reversed losses as Japan’s new ruling party leader Sanae Takaichi sought to reassure investors, saying she wasn’t in favor of an excessively weak currency.
Canadian businesses must start making investments that offset the hit from President Trump’s trade policy or risk being left behind, says the Bank of Canada’s No. 2 official.
South African coal producer Exxaro Resources Ltd. still wants to acquire copper assets but has scaled back its ambitions since missing out on a mine in Botswana, the firm’s new chief executive officer said.
Dunkin’ Brands Group Inc. sold $900 milllion of bonds backed by the fees it gets from franchising its restaurants, its first such offering in almost four years.
Ferrari’s shine is fading after the iconic automaker trims its EV ambitions and warns on the road ahead. Porsche’s China slowdown adds more pain for luxury carmakers. Bloomberg’s Global Autos Editor Craig Trudell joined Bloomberg Open Interest to talk about the auto malaise. (Source: Bloomberg)
The case against a parliamentary researcher and one other was dropped after the government didn’t define China as a threat.
Treasury Secretary Scott Bessent explains why he sees the US regulatory framework of the US financial system as “too tight” and says, “there is a lot of work to do in terms of bringing this back down to commonsense levels.” Bessent spoke Thursday with the Federal Reserve’s Vice Chair for Supervision Michelle Bowman during a community banking conference hosted by the Fed. (Source: Bloomberg)
On the earnings front Delta delivers a stronger-than-expected third quarter, boosted by resilient leisure demand and a rebound in business travel. TD Cowen’s Tom Fitzgerald joined Bloomberg Open Interest to talk about the carrier's tailwinds and the outlook for the air travel industry during the government shutdown. (Source: Bloomberg)
UK prime minister discusses Ukraine and fossil fuels in meeting with Indian counterpart Narendra Modi
Promises of peace between Jews and Palestinians must be turned into reality.
Haitian children face intensifying problems of crime, hunger and homelessness as the country’s humanitarian crisis shows no signs of easing, a report from a U.N. agency found.
Carolyn Rogers endorsed a competition shakeup in the highly concentrated financial-services industry, saying the country’s banking sector is an oligopoly and changes could help lift Canada’s prolonged productivity slump.
Chicago-based Crowe hired investment bank Harris Williams and an outside auditor, both moves to prepare for a potential sale of a stake.
The world's most popular chicken — the Ross 308 — has been selectively bred to reach slaughter weight three times faster than in the 1950s. But that’s led to an array of health issues (Source: Bloomberg)
US stocks flipped between small gains and losses early Thursday but continue to hover near all-time highs as traders parsed a batch of earnings reports, mainly from Delta Air Lines and PepsiCo Inc., to gauge the health of corporate profits.
Lloyds Banking Group, Close Brothers and Bank of Ireland cautioned that they would probably need to set aside more money to compensate customers as part of a probe into commissions paid on car loans, sending the shares of the banks lower.
Saudi Arabia’s sovereign wealth fund is slowing work on several planned share sales, according to people familiar with the matter, potentially impacting one stream of funding for the kingdom’s multitrillion-dollar economic transformation.
House Minority Leader Hakeem Jeffries, a Democrat from New York, discusses the lack of conversation with Republicans as the government shutdown continues, the need to extend subsidies for the Affordable Care Act, his argument Wednesday with Republican Rep. Mike Lawler, and the New York City Mayoral race and Democratic candidate Zohran Mamdani. (Source: Bloomberg)
Specialty chemicals producer Archroma’s term loan has dropped significantly in the secondary market after a series of trades, as the SK Capital Partners-backed firm becomes the latest victim of souring sentiment in the sector.
European Central Bank Governing Council member José Luis Escrivá warned that the current levels of uncertainty are unprecedented.
The U.K.-based bank is advancing its Asia-focused strategy as it continues to streamline its business.
A New York police detective, he used his knowledge of the killer’s handwriting — and a lucky twist — to solve a confounding case.
Sterling was weaker against the dollar and traders were increasingly betting on a weaker pound via the options market ahead of the November 26 U.K. autumn budget.
Israel and Hamas reached a deal for a truce and the release of all hostages held in Gaza, marking a major step toward ending the war. Dan Williams explains what it means for the region — and Trump's diplomatic efforts. (Source: Bloomberg)
Also: Auto-related loans dent UBS and Jefferies; Polymarket’s new 27-year-old billionaire
Saudi Aramco has put three chemicals expansion projects on hold as weaker oil prices squeeze local spending and it prioritizes international investments, according to people familiar with the situation.
The Palestinian militant group is giving up much of the leverage it has with Israel, with no guarantee some of its main demands will be met.
The Palestinian militant group is giving up much of the leverage it has with Israel, with no guarantee some of its main demands will be met.
As air-traffic controllers and TSA officers continue to work without pay, both political parties are jockeying to show concern while trying to avoid blame for flight problems.
China’s top economic planning agency and market regulator have unveiled new measures aimed at curbing disorderly price competition, warning that excessive price wars and below-cost bidding are undermining industry development and ultimately the country’s economic growth.
Wendy’s has launched a new strategic plan, dubbed “Project Fresh,” aimed at revitalizing the brand, reigniting growth, accelerating profitability and enhancing shareholder value.
The centerpiece of the company’s comeback hopes is a multibillion-dollar facility in the Arizona desert. Will it draw new customers?
Claims of a breakthrough at the chips company’s new Arizona facility will be tested by sceptical Big Tech customers
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.
The books have closed on the U.S. government’s fiscal 2025. Here’s what has changed about the federal budget—and what hasn’t.
The books have closed on the U.S. government’s fiscal 2025. Here’s what has changed about the federal budget—and what hasn’t.
A weather-changing La Niña has emerged in the Pacific Ocean, increasing the risk of drought in California and crop-growing regions in Brazil and Argentina while also bringing cold to the US Midwest and a milder winter to New York and the US East Coast.
Barry Silbert, one of the founding fathers of Bitcoin investing, is forging a comeback in today’s white-hot market for digital assets after a period of struggles for his Digital Currency Group Inc. enterprise.
Seven & i Holdings more than doubled its quarterly net profit, supported by stronger earnings at its convenience-store businesses.
Moscow’s intensified bombing campaign seeks to ‘break our spirit’, says head of state energy group
Asia’s benchmark rice price fell to its lowest level in a decade, signaling cheaper food bills ahead for households and import-dependent nations.
Kay Herr, US CIO for Fixed Income at JPMorgan Asset Management, says there will be an increased focus on corporate earnings in the absence of government data. She speaks to Bloomberg's Scarlet Fu and Norah Mulinda on Bloomberg Businessweek. (Source: Bloomberg)
A quarter of the workforce will be cut by 2027 as it scales back its global footprint to focus more on offshore wind markets in Europe and select regions in Asia Pacific.
Some at the central bank don’t feel the need to cut rates further this year; others are worried about the jobs market. That complicates the job of Jay Powellm its chair.
Spot silver prices surged to the highest level in decades as a broader flight to the safety of precious metals was met with a tightening market.
The soda and snacks giant is giving products a MAHA-era makeover with natural ingredients.
Nigerian banks are planning to focus on their core business of lending as yields on government debt decline.
Arthur C. Brooks, a Harvard professor who teaches a popular course on happiness, explores the science behind what makes life fulfilling - defining happiness as a blend of enjoyment, satisfaction and meaning rather than just a fleeting feeling. Brooks also reflects on his unconventional path into academia, his book collaboration with Oprah Winfrey, and his personal philosophies on leadership, relationships and finding purpose. He spoke in an interview for "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded August 5 at the Johns Hopkins Bloomberg Center in Washington, DC. (Source: Bloomberg)
Jimmy Kimmel on His Return to Air and Late Night’s Future in the Trump Era Description: Late-night host Jimmy Kimmel talks with Bloomberg’s Lucas Shaw about his ABC suspension, the future of late-night TV and the stakes of satire in today’s divided political climate at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
Nicolás Maduro has accepted deportees and called for the pope’s help in a bid to fend off American military action.
A loneliness epidemic and Gen Z’s obsession with fitness could help western countries bolster civilian defence
Israel and Hamas have reached a deal for the release of all hostages held by the militant group in Gaza, a major step toward ending a two-year war that’s devastated the Palestinian territory and triggered multiple conflicts in the Middle East as well as protests across the world. The agreement was reached early on Thursday after several days of indirect negotiations between the warring sides in the Egyptian resort of Sharm El-Sheikh. In France, President Emmanuel Macron said he’ll name a new prime minister by Friday evening, having for the time being avoided the need to call a snap election that would have deepened the political chaos in France. Today's guests: Marie Jacot, Edmond de Rothschild Asset Management France CEO, Amy Gower, Morgan Stanley Metals and Mining Commodities Strategist, Mujtaba Rahman, Eurasia Group Europe Managing Director, David O'Sullivan, EU Sanctions Envoy (Source: Bloomberg)
Delta Air Lines reported better-than-expected earnings for the third quarter and predicted continued robust demand into next year. Benedikt Kammel reports on Bloomberg Television. (Source: Bloomberg)
South African bonds and stocks are set to extend this year’s rally, boosted by slowing inflation and strong mining stocks, according to Goldman Sachs Group Inc. strategists.
European Central Bank officials considered another interest-rate cut in September but ultimately decided against it amid upside inflation risks, according to an account of their September meeting.
The U.S. led the acceleration in IPOs in terms of proceeds, with its best quarter since 2021, according to an EY report.
The guidance implies 6% earnings growth a year through the end of the decade, less than what the company suggested in 2022, RBC Capital Markets said.
Pakistan’s private equity and venture capital firm Ijara Capital Partners Ltd., has acquired diagnostics chain Sindlab Pvt., expanding its presence in the health care sector.
President Donald Trump’s administration is planning or has already cut many incentives and programs to produce hydrogen using only electrons. That’s left the door open for China in one area of green tech where it doesn’t yet have a commanding lead.
Options traders are betting on at least a 10% gain in emerging-market local-currency bonds over the next three months, turning the most optimistic on the asset class in 16 months.
Conservatives’ biggest mistake was the adoption of the liberal agenda, the new right believes
Romania will likely keep interest rates at one of the highest levels in Europe at least until the end March to help contain an inflation spike, according to a central bank board member.
The frenzy for AI-driven power demand is overshadowing political headwinds for the clean energy source.
The world is waking up to an agreement between Israel and Hamas. We explain what we know about the breakthrough.
Good morning. A ceasefire takes effect in Gaza. Demand for precision images from space is booming. And Netflix wants you to play Boggle in between binges of Stranger Things. Listen to the day’s top stories.
The Swedish Academy in Stockholm credited the Hungarian author for his ‘compelling and visionary oeuvre.’
Israel and Hamas have agreed to terms for the release of all hostages held by the Palestinian militant group in Gaza, a major breakthrough in the US- and Qatari-brokered negotiations to end their two-year war. The deal is expected to see Hamas free the roughly 20 people taken during the October 2023 attacks that are still alive, alongside the remains of more than two dozen who died in captivity. Israel would release almost 2,000 Palestinian prisoners along with the troop movement. HSBC proposed taking its troubled Hong Kong subsidiary Hang Seng Bank Ltd. private in a deal representing a major bet on the Chinese financial hub. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
An agreement could spur a plan for a final end to the war, where even bigger uncertainties remain to be resolved.
An agreement could spur a plan for a final end to the war, where even bigger uncertainties remain to be resolved.
Greg Peters, Co-CEO of Netflix, joins Bloomberg’s Lucas Shaw to discuss live sports, its renewed video game efforts and keeping global viewers engaged at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
The Swedish Academy in Stockholm credited him for his ‘compelling and visionary oeuvre’
The award comes with prize money of almost $1.2 million.
Netflix Inc. shares romped through the first half of the year on strong earnings and ambitious growth plans. But that rally is now stalled as a pair of unusual risks has investors questioning the company’s elevated valuation.
In just over three weeks, troubled Brazilian waste-management company Ambipar Participações e Empreendimentos SA went from reassuring investors to the brink of a bankruptcy filing.
President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Zimbabwe pledged to crack down on illicit commodities trading and introduce rules to encourage downstream processing, as the nation seeks a greater share of the benefits from its natural resources.
Deal would be foreign-policy success but ending war will require president to keep pushing for tough negotiations between Israel and Hamas
Regulators have long sounded alarms about the risks in off-balance sheet financing.
Two no-confidence motions in European Commission President Ursula von der Leyen fail to get sufficient support and are rejected in European Parliament.
KNDS NV has selected an adviser for a potential initial public offering of the Franco-German tankmaker amid surging demand for defence stocks and an improving market for listings.
Canada’s First Nations are no longer relying on Bay Street to finance their growing stakes in pipelines and liquefied natural gas projects, as a new wave of Indigenous dealers participate in debt and equity deals.
Israel Deputy Minister of Foreign Affairs Sharren Haskel said a ceasefire has gone into effect as Israel and Hamas reached a deal for the release of all hostages held by the militant group in Gaza. “Yes, it is. I think right now it just went into effect,” said Haskel, who also said she expects the Israeli cabinet to approve the first stage of the peace plan and offered an expected timeline for the release of all hostages.
Emerging markets rose as the latest surge in the Asian tech sector coincided with the impact of a deal between Israel and Hamas on assets across that region.
The message signaled a continuation of one of the priorities of his predecessor, Francis.
Plus, Dolly Parton wants you to know she “ain’t dead yet.”
A court in the Marshall Islands has ruled that Singapore-based shipping executive Por Liu, who leads tanker operator Parakou Tankers Inc., is personally liable for more than $10 million of debt tied to a collapsed ship-financing deal.
Donald Trump has spearheaded a global push by governments to establish a strategic crypto reserve using assets seized from criminals, betting that the rising value of tokens like Bitcoin could aid overall economic growth. But how much is theoretically out there for the taking?
Global stocks are at record highs, but positioning data from JPMorgan Chase & Co. suggests some investors including hedge funds are still holding back.
The yellow metal’s rally took a pause as a peace deal between Israel and Hamas begins to take shape.
Stock investors don’t need to look hard to find warnings that the market looks frothy after a 36% surge from April’s nadir pushed valuations to levels associated with prior periods of exuberance.
If investors expect debasement, it is very odd that the bond market’s best guess at long-run inflation is basically unchanged.
Tariffs and other policy swings are exposing strains at highly indebted companies within less visible parts of the market.
Israeli markets staged a broad rally, sending the shekel to a three-year high, after the country reached a hostage-release deal with Hamas that brings it closer to ending the war in Gaza.
South Africa’s JSE Ltd., which operates the continent’s biggest stock exchange, appointed Valdene Reddy as group chief executive officer as incumbent Leila Fourie plans to retire next year.
The families of hostages held in Gaza were elated that their loved ones might return soon. Still, some expressed frustration at Israel’s government.
Federal Reserve Bank of New York President John Williams backed additional interest-rate cuts this year and said he is paying close attention to US employment, which has shown recent signs of weakness.
A once-in-a-decade exhibition of ancient deities — many are goddesses — ranging over more than 3,000 years, from monumental statues to gleaming figurines.
The Bank of England should keep its key rate high so as to foster conditions for future growth, rate-setter Catherine L. Mann said.
Saudi Arabia is making dramatic changes to its real estate market as Crown Prince Mohammed bin Salman seeks to solve one of Riyadh’s biggest hurdles: A property crunch that’s hindering its ability to compete with the financial hubs of Dubai and Abu Dhabi.
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market.
Orsted A/S will cut about 2,000 jobs by the end of 2027 as the offshore-wind company narrows its focus to Europe after completing a $9.4 billion share sale.
The project promises to set a benchmark for how battery-powered sports cars should look, sound and drive.
Judge Karin Immergut blocked President Trump from sending National Guardsmen to defend against a “rebellion.” Now three judges will hear the government’s appeal.
Judge Karin Immergut blocked President Trump from sending National Guardsmen to defend against a “rebellion.” Now three judges will hear the government’s appeal.
University leaders are wary of a new proposal from the Trump administration to impose far-reaching changes in higher education.
The basic political conflict in America has changed to something very different than the one putting health care to the fore.
Thirty canvases, many created for viewers of Ross’s PBS series, “The Joy of Painting,” will be sold to benefit public television stations grappling with funding cuts.
Welcome to the era of fakery. The widespread use of instant video generators like Sora will bring an end to visuals as proof.
As local anxiety builds, Illinois officials say the deployment of Guard troops violates state sovereignty, while the White House says the troops’ presence is needed.
Doug Wilson’s political project to “stop making God angry.”
For half a century, she’s brought her singular talents to the stage and screen. Now, the actress wants one more shot at the role that helped make her a star.
Amy Gower, metals and mining commodities strategist at Morgan Stanley, discusses the outlook for gold, silver and platinum prices and the potential impact of Federal Reserve interest-rate cuts and a weaker dollar on the metals. "Our FX team do see further weakness in the dollar. They think we're probably only about halfway through the weakness that they would expect to see," Gower says on Bloomberg Television. "If you look historically, that is a period or a scenario where commodities do particularly well and you start to see above-average returns." (Source: Bloomberg)
The novelist anticipated our bizarre present. How does his latest book hold up in an age of eroding reality?
The president is going after clean energy, and Americans will face higher bills as a result.
In Mexico, the avocado industry now faces a choice: Stop deforesting or lose access to the billion-dollar U.S. market.
A new program using satellite imagery seeks to raise pressure on avocado growers by getting support from American buyers.
The rapid proliferation of drones in places like Ukraine has set off a growing sense of alarm inside the U.S. Army.
After a TikTok video of a woman charging to “car sit” gained attention, New Yorkers were reminded that the price of street parking is rarely paid at a meter.
With his boisterous antics, Cenat has gained 19 million Twitch followers and the attention of celebrities who covet that audience.
A growing group of critics say we’re in an artificial intelligence bubble. Is it true? If so, how would we know?
Germany’s auto industry is sliding faster into decline, with weak demand, trade tensions and rising Chinese competition compounding the pressures on the country’s carmakers.
There was widespread relief in the devastated territory after news emerged that the fighting may end, even though many details of the agreement have yet to be made clear.
Israel and Hamas have reached a deal for the release of all hostages held by Hamas in Gaza, a major step toward ending the two-year war. (Source: Bloomberg)
The dollar climbed to its strongest level in two months, and investors positioned for further gains, as traders focused on political risks abroad amid a lack of US data.
Leaders welcomed the agreement between Israel and Hamas, projecting optimism that an end to the war could be near.
Kosovo defended its purchase of Turkish-made kamikaze drones after Serbian President Aleksandar Vucic accused Ankara of violating international law, further straining relations between the two Balkan nations.
France urged the European Union’s top markets watchdog to start supervising major crypto companies directly after the expansion of major players in the continent.
The medical-technology company has gone public on the Frankfurt Stock Exchange, adding to an emerging recovery of the European IPO market in recent weeks.
Italian luxury carmaker says petrol engines will help it steer through ‘uncertain times’
Deliveries dropped 6% in the first nine months of the year as growth in North America failed to offset a hefty decline in China.
Trump-backed agreement marks milestone in efforts to bring two-year conflict to an end
What changed between 2019 and 2025? Why are interest rates so much higher? Why does it seem virtually unfathomable that the Fed will return to ZIRP anytime soon? Why do investors expect this rate cut cycle to be so shallow? The answer, theoretically, is that the neutral rate of interest has gone up. But what is the neutral rate of interest, and why has it moved? On this episode, we speak with Jamie Rush of Bloomberg Economics and Tom Orlik, the Chief Economist at Bloomberg Economics. They, along
Earnings are due from PepsiCo and Delta Air Lines among others this morning
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments, Douglas Yates, Professor of International Relations at the American Graduate School in Paris & Matt Fitzpatrick, CEO of Invisible Technologies (Source: Bloomberg)
Daimler Truck intends to sell its Nakatsu plant in Japan after consolidating its Mitsubishi Fuso operations as part of the Japanese truck-unit merger with Toyota Motors.
After President Trump announced the Gaza agreement, it was unclear when hostages would be released or when aid would enter the territory.
Blackstone Inc.’s Clarion Events is in talks to borrow about £1.1 billion ($1.5 billion) from private credit lenders that will be used to fund a dividend and refinance existing debt, people with knowledge of the matter said.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Skyborn Renewables, a unit of Blackrock Inc.’s Global Infrastructure Partners, is looking to sell a stake in a major wind farm under development off Germany, according to people familiar with the matter.
Ottobock SE & Co. shares rose in the prosthetics firm’s debut trading session in Frankfurt on Thursday, after the biggest initial public offering in Germany in more than a year.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
The listed units of Abu Dhabi’s biggest oil company ADNOC plan to ramp up dividends to more than $40 billion combined by the end of the decade, with the bulk of the payouts going to a new international investment unit that’s scouring the world for acquisitions. One of the listed subsidiaries is ADNOC Drilling. Its CFO Youssef Salem spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the announcements from the Investors meeting. (Source: Bloomberg)
Oil edged lower as traders focused on cooling tensions in the Middle East and higher US inventories. Nadia Martin Wiggen, Director, Svelland Capital told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche they’re still watching for escalation between Israel and Iran now that peace deal has been agreed in Gaza. (Source: Bloomberg)
European stocks retreated from a record high, weighed down by the banking sector. Ferrari NV shares posted their biggest intraday drop since 2016 after the carmaker disappointed investors with a cautious forecast.
Several details remained unclear, but officials indicated that the deal would involve a pullback of Israeli troops, the entry of humanitarian aid into Gaza and the release of Israeli hostages as early as this weekend.
“You would be better off dressed as kielbasa in Chicago,” Jimmy Kimmel advised the National Guard troops President Trump wants to deploy to the city.
Beijing is seizing the opportunity to offer up an alternative to US financial dominance.
The world’s largest glove maker Top Glove Corp. Bhd. expects to expand US sales in fiscal year 2026 even as it faces intensifying competition from Chinese rivals setting up production in Southeast Asia to take advantage of lower American tariffs.
Jose Uribe pleaded guilty to bribing New Jersey’s former senator, Robert Menendez, and his wife, Nadine Menendez. He went on to testify at their trials.
The move is Beijing’s latest attempt to tighten control over global production of the metals, which are essential to the manufacturing of chips.
Bangko Sentral ng Pilipinas delivered a fourth straight rate cut, surprising markets as it flagged a weaker growth outlook.
Uniqlo owner Fast Retailing Co. forecast stronger profit and sales for the fiscal year ending August 2026, surpassing analyst expectations.
Households in England may get slapped with another hike in water bills, though a smaller increase than previously expected.
Exports of goods fell 0.5% on month in August, hampered by weaker trade with other European nations and the uncertainty prompted by U.S. tariffs.
The city is adding roads, metros, airports and ports at a pace never seen before
German exports unexpectedly fell for a second month as the value of shipments to the US plunged to their lowest level in almost four years amid President Donald Trump’s tariff campaign.
In this week’s Hong Kong Edition, we assess the autumn season vibes (and sales figures) at the top auction houses and chat with a celebrity chef. For the Review, we take a trip to the first restaurant to open in The Henderson skyscraper. Oh yes, the city also has the world’s best bar.
LG Electronics Inc.’s $1.3 billion initial public offering of its Indian unit was five times subscribed with hours still left in the bookbuilding process, driven by strong demand from institutional and wealthy investors.
US President Donald Trump says Israel and Hamas have both agreed to terms for the release of all hostages held in Gaza in exchange for Palestinian prisoners. The deal will also see Israel withdraw its troops from Gaza. Dalia Fahmy, Director of International Relations and Diplomacy, and Associate Professor of Political Science at Long Island University spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on what this plan means for the future of a Palestinian State. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Good morning. Israel and Hamas reach a hostage deal. HSBC plans to privatize a Hong Kong bank at a $37 billion valuation. And the AI boom is counting on a small Dutch city. Listen to the day’s top stories.
Comedian Jimmy Kimmel says his comments about conservative activist Charlie Kirk were “intentionally and maliciously mischaracterized” by the political right. (Source: Bloomberg)
The yellow metal says one thing; Treasuries and the dollar another
Indian Prime Minister Narendra Modi and his British counterpart Keir Starmer began their bilateral meeting in Mumbai on Thursday, as the UK leader pushes for swift implementation of the free trade agreement the two nations signed earlier this year.
Israel and Hamas agreed to the terms for the release of all hostages held by the militant group in Gaza. The development -- also announced by US President Donald Trump in a social media post -- marks a major breakthrough in the negotiations brokered by the US and Qatar to end the two-year war. Bloomberg's Stuart Livingstone-Wallace breaks down the situation, its significance and what to expect next. (Source: Bloomberg)
The leadership of Russia must understand that its attempt to rebuild Europe’s last empire is doomed to fail.
Zambia is poised for record copper production this year, bolstering its standing as a key global supplier just as prices surge and demand is set to grow.
Abu Dhabi’s sovereign wealth fund ADQ is close to securing a $4 billion syndicated loan, primarily from lenders based in Greater China, in the latest Middle East deal tapping Asian bank liquidity.
Israel and Hamas have reached an agreement to release hostages and prisoners. Our colleague Jodi Rudoren explains this critical moment.
Egypt is asking its liquefied natural gas suppliers to delay shipments scheduled for the rest of the year on weaker-than-expected demand.
Konstantine Buhler, Partner at Sequoia Capital, spoke with Bloomberg's Francine Lacqua at the Citadel Future of Global Markets Conference about investing in AI startups, agentic AI and the outlook for the technology. Agentic AI doesn't just make a decision, it takes an action on it. And we are now in the moment where it makes a difference in workflows, he said, adding that AI is “undervalued” in the long run. Buhler joined Bloomberg TV and Radio on Oct. 6, 2025. (Source: Bloomberg)
Prime Minister Benjamin Netanyahu of Israel said he would convene his government on Thursday to sign off on the agreement. Hamas said that the agreement would lead to the end of the war, but many of the details were unclear.
Jimmy Kimmel discusses the impact of social media on late night television in the US. He says "I'm very conscious of the fact that ABC pays for the show and YouTube pays nothing...with said that, I love YouTube and I love being on YouTube." He speaks with Lucas Shaw at Bloomberg Screentime in Los Angeles. (Source: Bloomberg)
New Zealand and Australian sovereign bonds extended a rally after debt auctions in the two nations drew robust demand.
The transplanted portion of the genetically modified pig liver was removed after 38 days, and the patient, who had advanced liver cancer and cirrhosis, died several months later.
China’s baby boom enriched a small Irish town where a Nestlé factory made formula for Chinese newborns. Then a baby bust unraveled it all. Or so it seemed.
For decades, Thai students have been subjected to unwanted haircuts in class. Many of them carry the humiliating memory into adulthood.
Even leaders from the far-right Alternative for Germany party, which opposes aid to Ukraine, have embraced the jobs that come with new weapons production.
Investment platform warns customers bitcoin ‘has no intrinsic value’ and ‘is not an asset class’
Materials needed for enamelling of hot water tanks is excluded from bloc’s list of authorised substances
Defence alliance mulls easing restrictions on pilots to open fire on Russian aircraft
Connecting the dots shows deepening pessimism about higher inflation.
Australian investment group considers Canary Wharf and City locations for its 2,000-plus London staff
We now know that the inflation that often follows can be persistent rather than transitory
The US wants to make the immigration of skilled workers more expensive; the UK cheaper. Who’s wrong?
Living wage increases, new regulations and backed-up planning system driving price rises, say producers
The latest moves by European companies to list in the US are more radical than meets the eye. AstraZeneca Plc and TotalEnergies SE want to upgrade their existing US equity offering to stock from from quasi stock — a well-trodden path. But as ever, the devil is in the detail.
FT analysis highlights arbitrary nature of system, allowing readers to discover how their bill compares in their area
ASML wants to build a giant new facility in Eindhoven, but the project first needs to overcome some basic hurdles.
Greece’s Eunice Energy Group said it’s planning to use renewable power imported from Egypt to produce green hydrogen.
Late-night TV host Jimmy Kimmel speaks at Bloomberg Screentime in Los Angeles about his program's suspension following comments he made in his show about the assassination of conservative activist Charlie Kirk. (Source: Bloomberg)
An ageing workforce is affecting all sorts of professions
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Paul Allen and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Netflix is making its video games available for play on TVs for the first time, with games including Boggle Party and Lego Party. Co-CEO Greg Peters made the announcement at the Bloomberg Screentime conference in Los Angeles. “One of the gaming areas we’re going after is social gaming experiences that can show up on your TV,” he said. (Source: Bloomberg)
Economic growth across Asia is set to come in stronger than expected this year and next, according to a regional research group, as local demand and a rush to get ahead of tariffs boosted activity.
President Trump
President Trump’s plan contains elements that Hamas has resisted in the past, and which may yet prove to be sticking points.
Foreign organizations and individuals must now obtain a dual-use export license from China’s Ministry of Commerce before exporting rare-earth products, technologies, or other dual-use items.
Mark Bray was teaching courses on antifascism. Turning Point USA accused of him belonging to antifa, which he denies. His flight to Spain was canceled abruptly on Wednesday night.
Foreign investors scooped up a record ¥2.48 trillion ($16.3 billion) of Japanese stocks last week even as expectations of a victory by pro-stimulus Sanae Takaichi dwindled in the run-up to the ruling party’s election, the finance ministry’s preliminary data showed.
Los Angeles Mayor Karen Bass denounces billionaire real estate developer Rick Caruso over his criticism of her handling wildfires in Southern California, saying that her political rival “sounded like Trump.” She speaks at the Bloomberg Screentime conference in Los Angeles. (Source: Bloomberg)
Israel says that there are still about 20 living hostages in Gaza, along with the bodies of around 25 others. Details of their release remain unclear.
The main elements of the first phase of the plan include releasing all living hostages held by Hamas.
The broad mood in the oil market remains bearish, although there are discrepancies as to how gloomy crude’s prospects are, according to Citigroup Inc., summarizing views from clients in North America and Europe.
Los Angeles Mayor Karen Bass denounced billionaire real estate developer Rick Caruso over his criticism of her handling wildfires in Southern California, saying that her political rival “sounded like Trump.”
Copper climbed as minutes from the Federal Reserve showed a willingness from participants to lower interest rates again this year, which would provide a potential boost to non-yielding assets.
Hedge funds are favoring the dollar in the option market as they bet that the currency’s rebound versus most major peers will extend into year-end.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Warner Music Group CEO Robert Kyncl discusses the company's “tremendous catalog” and says "we're like Marvel for music." He also discusses potential partnerships while speaking at the Bloomberg Screentime conference in Los Angeles. (Source: Bloomberg)
Indonesia’s 10-year yield dropped to its lowest level in nearly four years as expectations for more interest-rate cuts helped government bonds extend a rally driven by strong demand from domestic investors.
Investors should position themselves for deepening underperformance of the US stock market due to dollar weakness and elevated Treasury yields, according to Man Group.
India’s central bank has ramped up its interventions in offshore currency markets to defend the beleaguered rupee, according to people familiar with the development.
Israel and Hamas have agreed to a major breakthrough in the US- and Qatari-brokered negotiations to end their two-year war. Mona Yacoubian, director and senior adviser of the Middle East Program at the Center for Strategic and International Studies, shares what we know about the scope of the deal. (Source: Bloomberg)
The attacks on Kherson are part of Russia’s growing strategy to terrorize civilians in an effort to sap Ukrainians’ strength to resist in the fourth year of war.
For Jefferies Financial Group Inc., the speculation around its role in the sudden demise of First Brands Group became too loud to ignore.
Raistone claim highlights scale of losses lenders fear they could be dealt as part of the auto supplier’s collapse
HSBC Holdings plans to take Hang Seng Bank private in a deal that values the lender at $37 billion, ramping up its exposure to Hong Kong as the financial hub attempts to bounce back from years of economic turbulence. HSBC Group Chief Executive Georges Elhedery speaks exclusively on Bloomberg's The China Show. (Source: Bloomberg)
This week on the podcast: How an empty office complex near Seattle shines a spotlight on Australian super funds’ more opaque investments.
Federal officials arrested a man they said started a small blaze in January that later rekindled and grew into the fire that devastated Pacific Palisades.
Ananth Narayan, who led a high-profile probe into Jane Street Group LLC as a senior official at India’s securities regulator, will hand over the investigation as his three-year term ends on Thursday.
The main elements of the first phase of the plan include releasing all living hostages held by Hamas.
The former Democratic congresswoman, known for her own grilling of executives on Capitol Hill, threatened to abandon an interview after she was asked several follow-up questions.
The former Democratic congresswoman, known for her own grilling of executives on Capitol Hill, threatened to abandon an interview after she was asked several follow-up questions.
A judge had demanded an explanation for why Justice Department officials were publicly expressing views on Luigi Mangione’s guilt in the killing of a health insurance executive.
Shares of Japan’s biggest utility jumped on Thursday, after local media reported the company will create a fund supporting Niigata prefecture, home to one of its beleaguered nuclear power plants.
Proposal to buy out minority investors in Hang Seng Bank
ANZ Group Holdings Ltd. appointed senior leaders to run its domestic retail bank and lead its risk operations, the next phase of an overhaul under its newly-installed chief executive officer.
The theft of the beloved dinosaur statue upset residents of a California community that was damaged by wildfires earlier this year. Then she was returned with an apology.
Sumitomo Mitsui Trust Group Inc.’s asset management firm is aiming to become one of the top-three managers of Japanese mutual funds in five years by bolstering offerings to individuals, its new chief executive officer said.
Tim McLaughlin, QQQ Equity Product Strategist, Invesco speaks with Bloomberg Live's Mark Miller about rethinking innovation at The Future Investor: Finding the Opportunities event in Los Angeles. (Source: Bloomberg)
Samantha Foster, Managing Director & Senior Portfolio Manager, Russell Investments, Alex Michalka, Vice President, Investment Research, Wealthfront and Scottie Wardell, Partner, Apollo Global Management discuss the sectors, strategies, innovations, and regulatory changes that are poised to drive investment returns with Bloomberg Intelligence's Diksha Gera at The Future Investor: Finding the Opportunities event in Los Angeles (Source: Bloomberg)
Durga Malladi, Senior Vice President & General Manager, Technology Planning, Edge Solutions & Data Center, Qualcomm discusses technological breakthroughs that will create efficiencies and experiences currently only imagined with Bloomberg’s Mark Gurman at The Future Investor: Finding the Opportunities event in Los Angeles. (Source: Bloomberg)
Matthew Lyberg, Global Head, AI Asset Management, Manulife Investment Management and Sheri Rhodes, Chief Customer Officer, Workday discuss the strategies driving returns for their businesses with Bloomberg's Lisa Mateo at The Future Investor: Finding the Opportunities event in Los Angeles (Source: Bloomberg)
Corporate spending on charter flights is soaring, to the dismay of workers being told to make do with less.
Lion Global Investors Ltd.’s strategy of investing in the shares of small and medium-sized Singaporean companies has made it one of the best performers in the city-state.
Raistone, a trade-finance specialist linked to bankrupt auto-parts supplier First Brands Group, has filed an emergency motion to appoint an independent examiner to look into $2.3 billion that has “simply vanished,” according to a filing.
Shareholders of Phoenix Education Partners Inc., the owner of the University of Phoenix, raised $136 million in an initial public offering, pricing the shares in the middle of a marketed range.
Republicans in the Senate blocked a measure that would terminate the president’s legally disputed campaign targeting alleged drug runners.
The pope conveyed the message as President Trump escalated his deportation campaign, including in Chicago, the pope’s hometown.
Jack Ciattarelli, the Republican nominee, and Representative Mikie Sherrill, the Democrat, described starkly different visions for the state in their debate Wednesday.
President Donald Trump said Israel and Hamas had agreed to terms for the release of all hostages held by the Palestinian militant group in Gaza, a major breakthrough in the US- and Qatari-brokered negotiations to end their two-year war. Bloomberg's Michael Heath reports. (Source: Bloomberg)
Civitas Resources Inc., an oil and gas explorer that has been weighing a sale, is considering a merger with Permian Basin rival SM Energy Co., according to people familiar with the matter.
HSBC Holdings Plc has proposed to make Hang Seng Bank Ltd. go private.
The Pentagon has deployed 10,000 U.S. troops to the region, most of them to bases in Puerto Rico, a senior military official said.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Katherine Clark, House Minority Whip (D-MA), discusses tensions running high in Capitol Hill and the importance of getting negotiations on health care for Americans. US House Speaker Mike Johnson (R-LA) discusses the health-care subsidies fight and the White House Budget Office proposal to withhold back pay to federal workers furloughed during the shutdown. Senator Mike Rounds (R-SD) talks how long this shutdown could last and if there may be a standalone bill for military pay. (Source: Bloomberg)
Gold dipped after peaking at an all-time high above $4,000 an ounce on Wednesday, following a torrid rally that’s left prices vulnerable to pullbacks amid signs that the precious metal is trading at overheated levels.
In the messages, the Democratic candidate for attorney general, Jay Jones, discusses the hypothetical killing of a Republican lawmaker.
Oil fell for the first time in five sessions, as traders focused on the prospect of cooling tensions in the Middle East and higher US inventories.
Strategists from Japan’s largest brokerages are raising their targets for the Nikkei 225 Stock Average on the view that the newly elected ruling party leader Sanae Takaichi will unleash large-scale stimulus and push the blue-chip benchmark past its record high.
California wildfires have become particularly devastating in recent decades, but their origins vary.
The Black Swan author Nassim Taleb said investors should insure against a stock-market crash as structural issues such as the US debt burden threaten to derail an otherwise unstoppable rally.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Lazard’s Ronald Temple, Morgan Stanley’s Betsy Graseck, CAIS’s Matt Brown, Moneta’s Aoifinn Devitt, Apollo’s Torsten Slok, BNY’s Jose Minaya, Jacmel Partners’ Shaquille O’Neal and Jorge Mora, HGTV’s Tarek El Moussa, Cameo’s Steven Galanis. (Source: Bloomberg)
Homes coming on to the market fell at the fastest pace in two years in September, Rics data show
UK government plans to introduce a new Unemployment Insurance benefit could save as much as £3 billion ($4 billion) a year and increase weekly payments to jobseekers, according to the Institute for Fiscal Studies.
The company is seeking to move away from dependence on its partner OpenAI and build a consumer base for its Copilot chatbot.
Shruthi Mahalingaiah, a Harvard researcher, investigated the fertility risks women face from air pollution. But her grant was canceled.
“Fundamentally, we were trying to learn about these systems to prevent people from dying unnecessarily from heat,” said Kevin Gurney, an atmospheric scientist.
For a new series, Times journalists are speaking with scientists whose research has ended as a result of policy changes by the Trump administration.
Tarek El Moussa, TV host and real estate expert, says housing demand is soaring because many people can’t afford to buy homes. He tells Katie Greifeld and Romaine Bostick on “The Close” that the U.S. is facing one of the most unaffordable real estate markets in its history. (Source: Bloomberg)
Shaquille O’Neal, 15-time NBA All-Star and founding partner at Jacmel Infrastructure, says there’s a tremendous need for better U.S. infrastructure and he wants to help drive that change, emphasizing his goal of making a positive community impact. Jorge Mora, Jacmel Partners co-managing partner, tells Romaine Bostick and Katie Greifeld on “The Close” that transportation is one of the firm’s core focuses. (Source: Bloomberg)
Matt Brown, CAIS Founder, Chairman and CEO, says top advisors need full knowledge of products and the ability to discuss illiquidity risks with clients. He speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
A lawyer for the former F.B.I. director said he would accuse the Justice Department of malicious and selective prosecution and contend that a U.S. attorney was illegally appointed.
Torsten Slok, Apollo Chief Economist, says slower job growth alone shouldn’t prompt Fed cuts, emphasizing that if labor is weakening due to lower demand, fewer cuts may be needed. He speaks with Katie Greifeld and Romaine Bostick on “The Close.” (Source: Bloomberg)
State leaders have prided themselves on finding bipartisan consensus, but President Trump’s deployment of National Guard troops from Texas to Illinois has ripped the veneer off that image.
Rep. Katherine Clark, House Minority Whip (D-MA), discusses tensions running high in Capitol Hill as Congressional members from both parties have verbal altercations. She emphasizes the importance of getting negotiations on health care for Americans and describes House Republican’s methods as “upside & outrageous.” Rep. Clark speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Two weeks ago, Nvidia agreed to invest as much as $100 billion in OpenAI to help the leading AI startup fund a data-center buildout so massive it could power a major city. OpenAI in turn committed to filling those sites with millions of Nvidia chips. The arrangement was promptly criticized for its “circular” nature. This week, OpenAI inked a partnership with Nvidia rival AMD to deploy tens of billions of dollars’ worth of its chips. As part of the tie-up, OpenAI is poised to become one of AMD’s largest shareholders. Never before has so much money been spent so rapidly on a technology that, for all its potential, remains largely unproven as an avenue for profit-making. And often, these investments can be traced back to two leading firms: Nvidia and OpenAI. Bloomberg Intelligence Global Head of Technology Research Mandeep Singh joins Bloomberg Businessweek Daily to discuss. He speaks with Norah Mulinda and Kristine Aquino. (Source: Bloomberg)
The Trump administration has said that it is attacking boats and killing their occupants because they are smuggling drugs from Venezuela to the United States.
An index of Australian small caps is on track for its best year since 2009, as heightened geopolitical tensions favor defense contractors and the soaring gold price supports mining stocks.
US House Speaker Mike Johnson, a Louisiana Republican, says Democrats need to “come to their senses and do the right thing” to end the federal government shutdown. Speaking with Joe Mathieu on “Balance of Power,” Speaker Johnson also discusses the health-care subsidies fight and the White House Budget Office proposal to withhold back pay to federal workers furloughed during the shutdown.
Asian stocks were set to climb Thursday after US benchmarks set new highs, helped by further gains for companies linked to the artificial-intelligence boom.
A new state law creates the first legal definition of the foods, and may prompt changes in other states.
Good morning everyone, it’s Ben here in blue-sky Melbourne, this is what’s making headlines today.Today’s must-reads:• Glencore’s Mount Isa lifeline• Gold hits $4,000 an ounce• The brutal legacy of the Gulf Livestock shipwreck
The president’s comments and a note from Marco Rubio hinted that the two-year-long conflict may be about to pause, if not end.
Zohran Mamdani, the leading candidate in the race to be New York City’s next mayor, held a campaign event on a bus that crawled across Midtown Manhattan to highlight a signature proposal.
US House Speaker Mike Johnson, a Louisiana Republican, blames "political games being played by Democrats in the Senate" for the current federal government shutdown. Speaking with Joe Mathieu on "Balance of Power," Speaker Johnson also says the health-care subsidies fight is a distraction. (Source: Bloomberg)
Also, National Guard troops assembled near Chicago and Portland. Here’s the latest at the end of Wednesday.
Apollo Chief Economist Torsten Slok says the Federal Reserve is "flying blind" because of the government shutdown. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Good morning. Israel and Hamas may be nearing a peace deal. Bridgestone is gearing up for a rougher second half. And Japan’s love for baseball is on the upswing. Listen to the day’s top stories.
When my 16-year-old said she wanted to learn to drive a manual transmission, I decided it was time to sharpen my own clutch-pedal skills.
Singapore’s government is investing heavily to become a global hub for finance, commodities and transportation. The spending includes $3 billion for Changi airport’s terminals and infrastructure and equity market reform to attract more capital. Singapore’s household assets could nearly double to $4 trillion by 2030 and the MSCI stock index is set to double in the next five years, according to Morgan Stanley.
OpenAI and Nvidia. Oracle and OpenAI. Nvidia and Oracle. Today on the Big Take: AI giants are making circular deals — and some analysts are skeptical.
John Chell, New York City’s top uniformed police officer, is leaving as Mayor Eric Adams’s term is soon to expire and uncertainty looms at the Police Department.
Erin Harkless Moore, Senior Director of Investments at Pivotal Ventures, the great wealth transfer to women and discusses the investment philosophy at Pivotal Ventures targeting opportunities in women's health, caregiving and female-founded firms. She speaks to Bloomberg's Carol Massar and Tim Stenovec on 'Bloomberg Businessweek.' (Source: Bloomberg)
Racquel Oden, HSBC US Head of Wealth and Private Banking, says despite short-term volatility, she is bullish on stocks for the second half of 2025 and next-quarter earnings fundamentals will be strong. She speaks to Bloomberg's Dani Burger on 'Open Interest.' (Source: Bloomberg)
Technological advances may turn back aging, extending the average life span by at least a decade.
Trump’s peace plan is a path to freedom and stability for the strip’s oppressed residents.
A conversation with our tech columnist Kevin Roose about an A.I.-generated video of him on a date with a robot.
Derrick Groves, a convicted murderer who escaped with nine other inmates in May, was taken into custody after a brief standoff with the police.
Online skeptics wondered if Mr. Miller had caught himself saying something he did not mean to. CNN says there was a technical glitch.
Almost three months have passed since Alimentation Couche-Tard Inc. abandoned its ¥6.77 trillion ($44.4 billion) bid to acquire Seven & i Holdings Co., yet the stock remains 24% below the proposed price with few signs of reversing course.
Owners are slashing prices to woo furloughed workers in a gamble to keep seats filled; ‘Gridlock nachos’ and ‘Furlough-Ritas’
Palladium surged nearly 10%, its biggest advance since May 2023, as gains across precious metals accelerated with investors piling into havens. The metal climbed to $1,482.65 an ounce, marking a three-day winning streak, as gold topped $4,000 and silver rallied.
Macron plans to appoint a prime minister in the next two days, spelling relief for the country’s political establishment.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Norah Mulinda and Kristine Aquino. (Source: Bloomberg)
A charity tied to the British royal confirmed that the government of Chad has cut ties with the group, after allegations of mismanagement.
The S&P 500 index closes at a record for the 33rd time in 2025.
The Securities and Exchange Commission is focused on how the insurer accounts for income on billions of dollars of loans.
On today's episode of Bloomberg Businessweek Daily, Scarlet Fu and Norah Mulinda discuss the release of the FOMC September minutes. Bloomberg's Michael McKee joins the show to break it down. Also on today's show, JPMorgan's Kay Herr discusses the state of the US bond market and why her team is sticking with the belly of the curve. Plus, Rubrik Chief Executive Officer Bipul Sinha on AI use cases in cybersecurity. (Source: Bloomberg)
In a video post on social media, the country music superstar, who is 79, played down the recent health challenges that prompted her to delay her Las Vegas residency.
MJH Life Sciences, a healthcare media company, was forced to change the terms of a $430 million loan to help finance its acquisition of a marketing firm.
Brookfield’s Rockpoint Gas Storage Inc. raised about C$704 million ($504.5 million) in an initial public offering, pricing its shares at the top of the marketed range.
Authoritarian creep reaches a new phase.
Famed author Nassim Nicholas Taleb, the scientific adviser at Universa Investments, says artificial intelligence could be the next black swan event for markets. He speaks to Bloomberg's Natalia Kniazhevich at the Greenwich Economic Forum. (Source: Bloomberg)
The president indicates he is planning to fly to Egypt this weekend and says a deal to end the Gaza war is “very close.”
The president indicates he is planning to fly to Egypt this weekend and says a deal to end the Gaza war is “very close.”
Rubrik CEO Bipul Sinha believes that artificial intelligence is creating "one hundred times more opportunities," but with "one hundred times more risk" for cybersecurity clients. He joined Scarlet Fu and Norah Mulinda on 'Bloomberg Businessweek Daily' to discuss balancing AI innovation with data privacy. (Source: Bloomberg)
After the homeland security secretary called the lyrics “disrespectful,” Bryan, a country music star, said they had been “misconstrued.”
Outgoing France Prime Minister Sebastien Lecornu said he made progress in negotiations with France's parliamentary groups and expects President Emmanuel Macron to be in a position to name a new premier in the next 48 hours. Lecornu said there are possibilities for a compromise in parliament and an absolute majority in the national assembly that rejects a new dissolution. Lecornu told the president that the prospect of a dissolution is getting further away, and he thinks the situation allows the president to name a prime minister in the next 48 hours. Bloomberg Radio Daybreak Europe host Stephen Carroll joined Scarlet Fu and Norah Mulinda on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)
A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so that he could sell belongings to make rent. Now the 27-year-old founder of Polymarket is the youngest self-made billionaire tracked by the Bloomberg Billionaires Index. Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said this week it would invest as much as $2 billion in Polymarket at an $8 billion pre-money valuation. (Source: Bloomberg)
Gold’s ascent through $4,000 an ounce is yet another milestone in a three-year bull run that has defied die-hard skeptics and broken analytical models that have reliably predicted its rises and falls for decades.
The US government seeing “economic security as national security” could inspire activists to target companies that might be seen as not aligned with national interests, such as an over reliance on overseas supply chains or operations in geopolitically risky regions. This is according to law firm Cleary Gottlieb. James Hu, a partner at the firm, joins Scarlet Fu and Crystal Tse on "Bloomberg Markets." (Source: Bloomberg)
UK Minister for AI, Kanishka Narayan says while it’s an open question whether the government will directly invest in AI companies, the focus is firmly on building infrastructure and creating long-term AI jobs to secure the UK’s tech future. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
"Asset prices may be getting ahead of the fundamentals," Lazard Chief Market Strategist Ronald Temple says during an interview with Romaine Bostick on "Bloomberg The Close." (Source: Bloomberg)
Nano Nuclear Energy has no revenue, no license from the US Nuclear Regulatory Commission and no operating power plant. Yet investors have driven its valuation past $2 billion, a figure that may be built more on optimism than fundamentals. The company is being lifted by Wall Street’s latest obsession: the idea that artificial intelligence will require vast new sources of electricity. Jay Yu, founder and executive chairman at Nano Nuclear Energy, speaks with Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)
After going public on Brazil’s stock exchange this week, cryptocurrency firm OranjeBTC wants to expand its Bitcoin holdings and roll out new educational programs to promote broader adoption of digital assets in the country.
The Illinois governor, a potential presidential candidate, is fighting the presence of National Guard troops and the activities of ICE agents in Chicago.
Carol Schleif, chief market strategist at BMO Private Wealth, says she’s not worried about the circular investments in AI, because they are backed by companies with strong revenue, but if investor sentiment turns it could have a ripple effect on the market. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
The government shutdown has paused the economic data releases that could help resolve debates over how to manage thorny trade-offs.
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, with a boost from partners including Nvidia. Bloomberg’s Carmen Arroyo joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Kristin Smith, president of the Solana Policy Institute, says the government shutdown will be a short-term hit for the crypto market as financial regulators won’t get approval. Smith joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
New Mexico Democrat Representative Melanie Stansbury says that her party is ready to work despite the House staying out of session amid the government shutdown. Stansbury, also a former staffer at the Office of Management and Budget, also discussed the legality of President Trump's threat to layoff thousands of federal workers if the shutdown is not resolved. (Source: Bloomberg)
Former Tesla board member Steve Westly says the EV maker's new cheaper models could cut into sales of Tesla’s premium versions. Westly, founder and managing partner of The Westly Group, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Sébastien Lecornu says prospect of a snap parliamentary election is receding
A pair of Democratic senators confronted the Republican speaker of the House over his refusal to swear in a colleague during the shutdown.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the government shutdown entering its eighth day. On today's show, Republican Congressman Jason Smith of Missouri, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Democratic Congresswoman Melanie Stansbury of New Mexico. (Source: Bloomberg)
Outgoing French Prime Minister Sebastien Lecornu expects President Emmanuel Macron to name a new premier in the next 48 hours. Lecornu has to make deals with other political groups that could lead to a new cabinet. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
Jihad al-Shamie, who attacked a Manchester synagogue on the holiest day of the Jewish calendar, called the emergency services during the attack to claim responsibility.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Tyler Kendall, Cleary Gottlieb Parnter James Hu, Nano Nuclear Energy Founder Executive Chairman and President Jay You, Katherine Doherty, Tom Maloney, Council on Foreign Relations Senior Fellow for Europe Matthias Matthijs Seth Fiegerman, and Sridhar Natarajan (Source: Bloomberg)
House Ways and Means Chair Jason Smith said Senate Republicans should get ride of the chamber's filibuster rule in order to pass the House's stopgap funding bill are reopen the government. (Source: Bloomberg)
Minutes from US central bank’s September meeting showed lingering concern about price pressures
The growing aversion to large reserve currencies, including the dollar, has been propelling the record rallies in gold and Bitcoin — and the trend will go on, according to Eurizon SLJ Capital Limited.
As the federal closure slides into a second week, Republicans are working to peel off five more Democratic senators to join them in voting to reopen the government.
Federal Reserve officials showed a willingness to lower interest rates further this year, but many expressed caution driven by concerns over inflation at their policy gathering last month, according to minutes of the Federal Open Market Committee’s Sept. 16-17 meeting. Mike McKee reports.
The British government has come under scrutiny after charges against two men accused of spying for Beijing were dropped. Here’s what to know.
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The AI boom’s looking a little bubbly if you ask Ray Dalio. But Goldman’s not buying the bubble talk. Gold hits a record $4,000 as the U.S. shutdown rattles markets. Tesla’s cheaper cars aren’t winning over critics—Ross Gerber says they’ll cost buyers more than they save. And Blue Origin’s latest tourist flight takes off—we’ll bring you along for the ride. (Source: Bloomberg)
Shell Plc is preparing to resume preliminary work on a Venezuelan offshore gas field to supply neighboring Trinidad and Tobago, as its confidence grows that the Trump administration will issue a new license exempting the project from sanctions, according to people familiar with the matter.
Students said they feared a longtime tradition of civil disobedience was in jeopardy because of a decree issued in June by the government of Prime Minister Giorgia Meloni.
Conservative party says property tax deters people from moving house and stifles productivity
As New York and other states tally the damage, a leaked document suggests more Energy Department cuts may be coming.
MapLight Therapeutics Inc. is adopting a rarely-used tactic to allow it to go public later this month, even as the US government shutdown prompts other companies seeking initial public offerings to hold off.
Hi, it’s Lisa Du in Tokyo, where I’ve been looking at the changes taking place in private equity as Japan becomes fertile ground for bargain hunting. Also today, a robotics deal for SoftBank and Fifth Third’s merger could spur more.
As Mr. Mamdani seeks to reassure New York City he is open to compromise, his views on Israel and Palestinians have been the biggest exception.
The world’s biggest bond market has been stuck in a rut, but traders are preparing for what could be a whirlwind of action once the US government shutdown ends and unleashes a flood of key economic data.
Scrapping stamp duty makes sense, but much of Badenoch’s programme does not
Google released the Pixel 10 Pro Fold, Pixel Watch 4 and Pixel Buds 2a ahead of the all-important holiday shopping season. Samantha Kelly has more. (Source: Bloomberg)
Mexico’s upcoming trade talks with the US and Canada could help the peso — a top emerging-market performer this year — reach lofty heights last seen in 2024, according to the currency’s top forecaster.
JPMorgan Chase & Co.’s new megatower in Midtown Manhattan will officially open later this month, as the bank pieces together its own multi-block campus with nearly 6 million square feet of office space in the span of a few blocks. Sridhar Natarajan reports on Bloomberg Television.
Oregon officials say the atmosphere outside an ICE building that has drawn daily demonstrations since June has grown worse since the president’s threats.
Miami Mayor Francis Suarez is lining up a lot of star power before leaving office, emceeing a business conference with heavy hitters like President Donald Trump, soccer legend Lionel Messi, Hollywood star Will Smith and hedge fund billionaire Ken Griffin.
Bloomberg's Mike McGlone reports why he is 'scared' over the price of gold. Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. It’s a milestone for bullion, which traded below $2,000 just two years ago, with returns that now well outstrip those for equities this century. Gold has jumped more than 50% this year in the face of uncertainties over global trade, the Federal Reserve’s independence and US fiscal stability. (Source: Bloomberg)
Collecting on dormant second mortgages has recently increased in the US, blindsiding homeowners with large bills.
The unexpected election of the LDP’s Sanae Takaichi and her known bias for expansionary fiscal policies is questioning the yen’s bull case and the currency’s sharp and broad selloff since the Oct. 4 result is a taste of what could come. For now, we don’t have enough information to assess how or when fiscal stimulus will eventually unfold, so it’s premature to call a sustainably bearish view until the fiscal prospects can be quantified.
P(doom), STAAR Surgical projections, Bitcoin life insurance and YouTube self-help.
Separately, in the administration’s first 200 days, only two of 98 Senate-confirmed appointees to the most senior jobs in government were Black.
A deal to end the war in Gaza and bring home remaining hostages held there by Hamas can’t come fast enough for families who have been waiting for two years.
Jefferies Financial has disclosed its potential exposure to the now bankrupt First Brands. An asset manager controlled by a unit of Jefferies Financial Group Inc. has about $715 million invested in receivables due by First Brands' customers. Bloomberg's Katherine Doherty reports. (Source: Bloomberg)
OpenAI's deal with Nvidia this week could be the company's "iPhone" moment for AI. Joe Kaiser, the CEO of Mercato Partners, says the deal could rewrite how we shop, advertise, and manage our health data. From e-commerce disruption to AI infrastructure bets, the ripple effects may just be beginning. (Source: Bloomberg)
Blue Origin’s New Shepard blasted off from Launch Site One in West Texas on Wednesday. The mission, NS-36, has six crew members on board, including one who is asking to remain anonymous until after it returns. Keith Cowing, Editor and Astrobiologist at NASA Watch joins to break down the space launch. (Source: Bloomberg)
Argentina investors are increasing bets that President Javier Milei will devalue the peso after midterm elections this month as the government depletes its reserves to prop up the ailing currency.
Gisèle Pelicot’s ex-husband and others were convicted in one of France’s most notorious cases. She returned to court to denounce a man who challenged the verdict.
An Israeli American student said he was assaulted during a protest. Two years later, Republicans continue to raise the episode in their campaign to force schools to punish the student protesters.
Nepal, Bangladesh and Sri Lanka have descended into chaos and street violence.
Buying high-grade bonds from a company that’s funding an acquisition can be a good trade because spreads on the securities often narrow, according to Bank of America Corp strategists.
Automaker hoped to use its finance arm to claim the $7,500 federal tax credit on EV leases beyond Sept. 30
US Treasury bonds are at risk of losing their haven status should US fiscal stress continue to build, according to Canada Pension Plan Investment Board.
Find insight on the global industrial robot market, ABB’s deal with SoftBank Group, Advanced Micro Devices and more in the latest Market Talks covering technology, media and telecom.
A widening move in dollar swap spreads is starting to accelerate again, as strategists at top US banks pile back into long recommendations.
Thoma Bravo Co-Founder and Managing Partner Orlando Bravo speaks with Bloomberg’s Dani Burger about the future of private markets and the shakeout in private equity at the LAVCA Week Conference in New York. (Source: Bloomberg)
Kemi Badenoch promised to scrap stamp duty in a surprise offer
Public corruption experts said the Justice Department had options for recovering money used in a sting operation. But that may not happen for years.
Katie Koch, TCW President and CEO, shares a personal story about losing her rented home in a Los Angeles fire shortly after moving there, an experience she says built resilience in her family and highlighted the dedication of her TCW colleagues who faced similar losses. Koch sits down with Carlyle Co-Founder and Co-Chairman David Rubenstein for this week's episode of Bloomberg Wealth. This interview was recorded August 15 in New York. (Source: Bloomberg)
The Golden Pass liquefied natural gas project in Texas, co-owned by QatarEnergy and Exxon Mobil Corp., is preparing to cool key equipment as it nears startup after months of delay.
The practice, in which users inject the blood of already intoxicated individuals, has fueled one of the fastest-growing H.I.V. epidemics in the Pacific and grown widespread in South Africa.
Twenty-two people in a broad spectrum of the arts and sciences were awarded the fellowship, which comes with an $800,000 stipend.
TCW President & CEO Katie Koch sits down with David Rubenstein to break down the evolution of private credit - from its explosive growth to the looming challenges ahead. She explains why she doesn't see a bubble yet, but warns of rising leverage, looser standards and a likely future regulation. Koch appears on this week's episode of Bloomberg Wealth. This interview was recorded August 15 in New York. (Source: Bloomberg)
Sébastien Lecornu, the country’s outgoing prime minister, said he believed France’s political parties could overcome divisions and avoid snap legislative elections.
Mara Rudman, University of Virginia Miller Center Professor and former Deputy Envoy for Middle East Peace at the US State Department speaks to Bloomberg TV & Radio on the ongoing discussions between Israel and Hamas and the new pressure for a deal as both sides mark two years since the October 7th attack. (Source: Bloomberg)
Russia increased crude oil production in September while falling behind its OPEC+ target following the latest adjustments to the alliance’s compensation plans.
Blackstone Inc is close to securing a €530 million ($615 million) loan arranged by Societe Generale SA to finance a Paris acquisition, another sign that bank lenders are willing to finance major office deals.
Tokio Marine Holdings Inc., Japan’s top property and casualty insurer, could spend more than $10 billion on acquisitions to boost its international business, according to Brad Irick, who co-heads the unit.
The fire in Los Angeles is believed to have been tied to an earlier fireworks-sparked blaze on New Year’s Day. Federal officials are expected to announce details of the arrest at a news conference.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The municipal-bond market just clocked its best month of returns since December 2023 — and one investing giant in the space says that momentum will continue through the end of 2025.
With more than $7 trillion of cash starting to lose its appeal as interest rates fall, many investors will chase higher returns in riskier assets. Consumers are also expected to start spending more. At least, that's how lower rates traditionally work their way into the economy. But the loss of the interest income that's buoyed the US economy in recent years is likely to make people spend less, not more. Instead, expect much of the money leaving US savings and fixed income accounts to find its wa
Tesla’s rolling out cheaper versions of its Model 3 and Model Y — but not everyone is enthused. Ross Gerber, Gerber Kawasaki Wealth & Investment Management President & CEO joined Bloomberg Open Interest to talk about why he thinks the price cuts are a sign of weakness, as fading tax credits and slowing demand force Tesla’s hand. (Source: Bloomberg)
There are several different ways you can invest in gold, from futures contracts to exchange-traded funds.
Cantor Fitzgerald LP is seeking to change the terms of its purchase of the O’Connor hedge-fund unit from UBS Group AG as the business faces big losses from the bankruptcy of First Brands Group, according to people familiar with the matter.
Ross Gerber says he doesn't see the point of buying the new version of the new, cheaper Tesla models. He speaks with Vonnie Quinn on "Bloomberg Open Interest." Tesla unveiled cheaper versions of the Model 3 and Model Y vehicles. The standard Model 3 sedan will start at $36,990 and the Model Y SUV will start at $39,990. (Source: Bloomberg)
In its first five days of release, Swift’s new album broke a record set by Adele’s “25” a decade ago. Swift’s equivalent sales include 1.2 million on vinyl.
Goldman Sachs Group Inc. is selling a significant risk transfer tied to a portfolio of about $5 billion of corporate loans, according to people familiar with the matter.
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. Ed Ludlow reports. (Source: Bloomberg)
Commercial crude oil stocks rose by 3.7 million barrels to 420.3 million barrels in the week ended Oct. 3, greater than the increase of 700,000 barrels expected by analysts.
The $46 billion Texas Municipal Retirement System is making a push to boost its allocation to private equity.
The wife of Senator Ted Kennedy for a quarter of a century, she both basked and struggled in the reflected glare of a family constantly in the spotlight.
Texas Municipal Retirement System plans to commit as much as $15 billion over the next five years to a program that will allow it to invest directly in private markets transactions alongside its external fund managers.
Every year, hot rods take over a beach in New Jersey for an event that is equal parts sporting event, fashion show and “time capsule.”
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
In an early morning Truth Social post, the president said Gov. JB Pritzker of Illinois and Mayor Brandon Johnson of Chicago should be jailed for failing to protect ICE officers.
North Dakota plans to follow Wyoming to become only the second state to issue a stablecoin, in this case to initially facilitate bank-to-bank transactions while the digital tokens are being more widely experimented with in the US the financial system.
Mr. Pearson, a member of the Tennessee House of Representatives since 2023, will challenge U.S. Representative Steve Cohen, a fellow Democrat.
The US Treasury’s surprising increases in its offering of short-dated debt could indicate the government is preparing to cut the sizes on some of its longer-term coupon offerings when it announces its refinancing plans in November.
Ex-FBI chief who oversaw probe into Donald Trump’s alleged links to Russia will face trial on January 5
Baltimore Mayor Brandon Scott says a new agreement with the city’s largest nonprofits requires them to gradually increase their contributions to the city’s coffers.
For centuries, gold has been the go-to haven asset in times of political and economic uncertainty. Its status as a reliably high-value commodity that can be transported easily and sold anywhere offers a sense of safety when everything else is in turmoil.
Citi has injected fresh capital into its Nigerian unit, meeting a new minimum capital threshold set by the West African nation’s central bank ahead of a March deadline.
French banks should be able to navigate any risks from the widening political crisis in the country, but that doesn’t mean the ride won’t be bumpy, analysts and investors said.
The global economy is holding up better than expected in the face of higher tariffs and greater uncertainty about relations between powerful countries and the implications of technological change, the head of the International Monetary Fund said.
TCW President and CEO Katie Koch discusses TCW's investment philosophy, her outlook on the Fed, and the risks and opportunities associated with the growing private credit market. She also reflects on her decision to leave a partnership at Goldman Sachs to lead TCW in Los Angeles, as well as her perspective on how being a woman in finance has ultimately been an advantage in her career. She speaks with Carlyle Co-Founder and Co-Chairman David Rubenstein on this week's episode of Bloomberg Wealth. This interview was recorded August 15 in New York. Disclosure: The Carlyle Group holds a significant ownership stake in TCW Group. David Rubenstein is Co-Founder and Co-Chairman of Carlyle. (Source: Bloomberg)
In a rare interview, the justice reflected on the state of the nation, the challenges facing the Supreme Court and, at 89, his own history and legacy.
Federal Reserve Governor Michael Barr views recent moves to relax supervision over Wall Street lenders as a mistake. Barr emphasized that proposals to rollback capital standards threaten to erode crucial safeguards and protections for smaller banks. He spoke Wednesday at a community banking research conference at the St. Louis Fed. (Source: Bloomberg)
The authorities initially thought the workers might be trapped after the collapse on Tuesday, but their bodies were recovered from the rubble overnight.
Serious questions remain about what will happen if we do — and don’t — replicate human intelligence
A summer-like start to autumn across the US heartland means that crop fields are rapidly drying out, forcing farmers to gather crops before plants crumble to the ground.
Young people in Nepal rose up against corruption and inequality. But they say they did not expect the bloodshed, arson and government downfall that followed.
As it competes for inflight Wi-Fi business, Viasat is spending more than $2 billion to add capacity.
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. Nvidia's CEO Jensen In an interview with CNBC Wednesday, Nvidia’s CEO Jensen Huang said when asked about Bloomberg’s reporting that the only regret he has about xAI and Musk is that he “didn’t give him more money.” Bloomberg's Ed Ludlow reports on "Bloomberg Surveillance." (Source: Bloomberg)
Government failed to provide evidence China was a threat to national security
Whale Rock Capital Management’s flagship fund gained 14% in the first nine months of the year, recovering from a steep first-quarter loss and beating many of its stock-picking rivals.
Former Gov. Andrew M. Cuomo wants to ditch New York City’s plan to replace the Rikers Island jail complex and use the sites for the proposed borough-based jails for affordable housing.
Alliance Laundry Holdings Inc. is telling prospective investors it expects to upsize its initial public offering and price the shares at $22 each, the top of a marketed range, according to people familiar with the matter.
US stocks crept higher following the opening bell Wednesday after snapping their longest winning streak since May as traders look ahead to minutes from the Federal Reserve’s September meeting for clues on how many more interest-rate cuts may be coming this year.
People familiar with the mediators’ thinking say the militant group could compromise on a long-held red line, as long as President Trump can guarantee that Israel would not resume fighting.
A Times/Siena survey shows that a majority of voters believe the Trump administration is deporting mostly the right people, even as a majority also say the process has been unfair.
Federal Reserve Governor Michael Barr views Trump-era moves to loosen rules and relax supervision over Wall Street lenders as a mistake, saying that recent capital proposals threaten protections for smaller banks.
“It’s bigger, more, grander every time,” says Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, as he sees a 30% chance that a bubble scenario can push the S&P 500 to 9,000 by the end of next year. (Source: Bloomberg)
It was the second attempt in as many weeks to breach the restrictions around the Gaza Strip. Neither have succeeded.
Banks are sifting through their exposure to the bankrupt auto-parts supplier and its chain of customers and suppliers.
France’s outgoing finance minister, Roland Lescure, said the country is on course to meet its deficit reduction target and that he’s confident feuding political parties can still deliver a 2026 budget.
New York City developers Marty Burger and Andrew Heiberger are embarking on one of the first office-to-residential conversion projects in an area of Manhattan known as Midtown South.
Portuguese airline TAP SA should be part of a major aviation group “soon,” Chief Executive Officer Luis Rodrigues said Wednesday as the state moves ahead with its plan to sell a minority stake in the carrier.
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you're signed up.EU ambassadors meet in Brussels today amid growing concern that the trade deal struck by European Commission chief Ursula von der Leyen and President Donald Trump in July is on shaky ground.
Hollywood agent raises almost $3bn from investors including Apollo and QIA for venture spanning tennis to car auctions
Hollywood superagent Ari Emanuel raised more than $2 billion in equity for Mari, a new company he founded that’s acquiring events businesses such as the Frieze art fairs and the Madrid Open tennis tournament.
ABB Ltd. has the appetite and firepower for acquisitions after the Swiss industrial giant agreed to sell its robotics unit to SoftBank Group Corp. for more than $5 billion.
Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. Outgoing French Prime Minister Sebastien Lecornu expressed optimism that an accord can be reached to allow the formation of a new government without fully endorsing a new proposal to rethink a controversial pension law as demanded by the Socialists. “The good news is that with all the consultations I have had,” Lecornu told reporters Wednesday, “there is a desire to have a budget for France before Dec. 31.” The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Critics initially panned it, but public love for the musical with songs like “One Day More” and “On My Own” has kept it going strong for four decades — and counting.
A group of bondholders of Italian packaging firm Reno de Medici SpA have selected a legal adviser as the Apollo Global Management Inc.-owned company burns through its cash reserves.
Apollo Global Management Inc. is focusing its search for potential investment opportunities in Spain on the energy transition, data centers and infrastructure.
The acquisition from ABB marks the largest in a long and patchy record of robotics investments by SoftBank Chief Executive Masayoshi Son.
The once dominant British political party has been outflanked by Reform, a right-wing populist rival. At the Tory annual conference, attendance was sparse.
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project. In French politics, outgoing French Prime Minister Sebastien Lecornu expressed optimism that an accord can be reached to allow the formation of a new government without fully endorsing a new proposal to rethink a controversial pension law as demanded by the Socialists. Today's guests: Henrietta Pacquement, Allspring Global Investments Senior Portfolio Manager, Asahi Pompey, Goldman Sachs Global Head of the Office of Corporate Engagement, Shumita Deveshwar, TS Lombard Chief India Economist (Source: Bloomberg)
White sugar’s premium over the raw variety flirted with lows last seen in February as reduced buying by Pakistan hurts demand at a time when global supplies are forecast to improve.
Green bonds may have transformed the world by volume, but blue bonds are poised to change it by depth. In this episode of ESG Currents, BI EMEA ESG Integration Analyst Grace Osborne speaks with Shargiil Bashir, chief sustainability officer and executive Vice president at First Abu Dhabi Bank, discuss how blue bonds are mobilizing capital toward protection of critical marine ecosystems. They explore how the UAE is moving from ambition to action, leveraging blended finance and innovating to meet c
Having burned through billions of dollars in reserves, Argentina’s government is getting creative as it looks to defend the peso ahead of crucial midterm elections later this month.
Jefferies Financial Group Inc. said it has $161 million of exposure to funds that held trade receivables and loans of bankrupt auto-parts supplier First Brands Group.
A turnaround in the Danish wind giant’s fortunes may foreshadow a shift in the broader industry.
US president pressures Norwegian government and independent committee to select him on Friday
The head of Latin America’s largest water utility in ready to start making deals now that the newly privatized Brazilian company has met a key benchmark for the expansion of services set by the state.
Stock index provider FTSE Russell has confirmed plans to upgrade Vietnam from a “frontier” to an “emerging” market.
US investment bank is one of the largest-known creditors to the bankrupt auto parts firm
Some of the biggest investors are saying every portfolio needs to have some gold.
Canada’s Cenovus Energy Inc. increased its takeover bid for rival MEG Energy Corp. one day before MEG investors were due to vote, signaling that the companies’ original deal didn’t have enough shareholder support.
Good morning. Elon Musk’s startup xAI attracts big name investors in its ongoing funding round. President Donald Trump threatens to block back pay after the government shutdown. And soccer has its first billionaire player. Listen to the day’s top stories.
The Swiss franc has a hit a record every day this week against the yen, but that isn’t stopping traders from betting on more gains.
We look at the story behind its more than 15,000-show run.
Top developers explore lending to builders seeking capital
Breaking into the $13 trillion US ETF market is tough. Staging a comeback? Even tougher. That’s not stopping Roundhill Investments as it revives a pandemic-era trope — the MEME ETF.
Applications for mortgages to buy a home or refinance both fell for a second week, marking a swift reversal of what had been a hopeful sign of a revival in the US housing market.
Under the regulation the commission would commit to investigating if it saw a surge in cheaper goods from the South American bloc or a decrease in domestic prices.
The junta targeted a festival in the Sagaing region where people were also protesting army rule, according to witnesses and the civilian government in exile.
Even after the revision, public borrowing is above projections made earlier this year by the government’s budget watchdog.
Emerging-market assets fell as risk appetite waned following a rebound in the dollar. Investors looked ahead to interest-rate decisions in Poland and Romania due later Wednesday.
General partner-led deals are helping to boost credit secondary growth as the private-credit market continues to mature.
Industry body says policy is based ‘on outdated premises and optimistic assumptions’
Vietnam’s years of capital reforms helped win an emerging-market upgrade from FTSE Russell, but securing MSCI Inc.’s more coveted designation may prove a tougher challenge.
French markets edged higher as the country’s caretaker prime minister struck a note of optimism on the budget before starting a final day of talks to form a government.
US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines
Washington wants American companies to be exempted from rules such as having to draw up climate transition plans
European Union officials see new US demands for trade concessions as well as other measures as potentially undercutting an earlier agreement as the two sides prepare to negotiate the next steps of this summer’s trade deal, which set a 15% tariff on most EU goods entering the US. Suzanne Lynch reports on Bloomberg Television.
Gillian Brown, Chief Investment Officer, Public & Private Investments, Ontario Teachers' Pension Plan discusses the organization's approach to global markets, risk management and positioning for long-term growth with Bloomberg's Derek DeCloet at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Traders are betting on options to deliver bumper profits if the European Central Bank surprises markets and lowers interest rates multiple times by the middle of next year.
Thomas Brown, Senior Portfolio Manager, Export Development Canada; André Delgado, Lead Funding Officer, Inter-American Development Bank and Samer Ibrahim, Financial Officer, International Finance Corporation discuss navigating global market shifts and managing funding strategies with Bloomberg's Paula Sambo at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Three scientists win award for devising new materials with ‘unheard of properties’
Isabelle Laurent, Deputy Treasurer & Head of Funding, European Bank for Reconstruction and Development discusses how the company is integrating ESG principles into their funding strategies with Bloomberg's Olivia Raimonde at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Stephen Thompson, Assistant Deputy Minister, Treasury & Risk Management, Province of Alberta and Elizabeth Wallace, Senior Manager, Funding, Senior Manager, Funding, Capital Markets Division, Ontario Financing Authority discuss how each province is leveraging capital markets and evolving funding strategies to support infrastructure, transition initiatives and long-term growth with Bloomberg's Erik Hertzberg at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Manroop Jhooty, Senior Managing Director & Head of Total Fund Management, CPP Investments discusses how the pension fund is navigating today's market landscape with Bloomberg's Amanda Cantrell at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Steve Berna, Managing Director of Indigenous Relations, National Bank of Canada and Evan Taypotat, Chief, Kahkewistahaw First Nation discuss how Indigenous communities are shaping Canada's financial landscape with Bloomberg's Melissa Shin at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Brandon Weening, Executive Vice President, Corporate & Capital Markets Finance, OMERS discusses the Canadian public pension fund's investment priorities with Bloomberg's Chunzi Xu at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Sam Myers, Executive Director, Debt Management Branch, Ministry of Finance, Province of British Columbia and Nicoleta Oprea, Assistant Deputy Minister, Treasury Division, Province of Manitoba discuss how the provinces are aligning trade strategies and regional development goals with Bloomberg's Derek DeCloet at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Andrea Dore, Global Head of Funding, Capital Markets & Investments, Treasury, World Bank discusses global development, capital markets and strategies to support sustainable growth with Bloomberg's Katherine Chiglinsky at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Wei Li, global chief investment strategist at BlackRock, explains the factors behind her firm’s “pro-risk” view of markets. (Source: Bloomberg)
Eric Girard, Minister of Finance, Province of Quebec discusses how Canada's largest province is shaping its fiscal and economic agenda to capture opportunities with Bloomberg's Mathiew Dion at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Anne Flori, Senior Funding Officer, Council of Europe Development Bank and Sydney Siahaija, Head of Funding, BNG Bank discuss how investor demands and cost efficiencies are shaping currency selection with Bloomberg's Chunzi Xu at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Plus, how job applicants are tricking A.I.
The European Union should remove sanctions on Rasperia Trading, a company affiliated with Russian businessman Oleg Deripaska, because doing so would aid one of the bloc’s biggest builders while offering compensation for court penalties, according to the chief of Raiffeisen Bank International AG.
A new proposal asks digital ad auctions to voluntarily disclose how they pick winners and set prices.
China’s Sany Heavy Industry Co. plans to begin gauging investor interest as early as next week for a Hong Kong listing that could raise about $1.5 billion, according to people familiar with the matter.
Susumu Kitagawa, Richard Robson and Omar M. Yaghi share the 2025 prize.
The euro-area economy is slowly picking up and inflation is in line with the European Central Bank’s 2% target, according to Governing Council member Madis Muller.
The prize was awarded on Wednesday to Susumu Kitagawa, Richard Robson and Omar Yaghi.
Find insight on ABB’s deal with SoftBank Group, Advanced Micro Devices and more in the latest Market Talks covering technology, media and telecom.
The move comes amid concerns within the bloc that Europe’s tech sector is lagging behind that of China and the U.S.
Bank of Spain Governor José Luis Escrivá said the economy’s drivers of growth are shifting toward domestic demand, but the country has yet to see a tailwind of European Union recovery fund aid.
Financial Policy Committee warns equity prices are at levels comparable with dotcom bubble
Find insight on Bank of Queensland, French bank bonds and more in the latest Market Talks covering financial services.
55 North claims to be the world's largest dedicated quantum technology venture capital fund, with a total size of €300 million—following the recent first close of €134 million. Among the fund's backers are prominent quantum and deep tech investors, including VSquared Ventures. The pan-European deep tech fund boasts a portfolio that includes companies such as IQM, The Exploration Company, and Neura. Bloomberg's Tom Mackenzie spoke to Herbert Mangesius, VSquared Ventures' co-founder and General Partner on "Daybreak Europe." (Source: Bloomberg)
Bank of America Corp. is keeping its European rates trading desks fully staffed over the end-of-year period to be ready for potential volatility linked to a regulatory shift in the €1.9 trillion ($2.2 trillion) Dutch pension system.
FTSE Russell will upgrade Greek equities to developed-market status after the stocks spent a decade within the emerging asset class, crowning an economic turnaround following the euro member’s debt crisis.
Ares Management Corp. raised about $5.3 billion to back infrastructure secondaries deals as investor appetite for such assets has increased.
The rip-roaring rebound in US stocks from the brink of a bear market six months ago will go down in history for its speed and resilience. And bulls expecting the good times to continue have history on their side.
In Japan, as in the U.S., a new leader wants the central bank to make government debt more bearable, which could feed inflation.
In a federal data blackout, Wall Street numbers and surveys are filling the void, and the nongovernment numbers are telling the same basic story: few companies are hiring.
From a medical-device maker to marketers, companies are feeling the pinch of stalled contracts.
A small drop in rates in recent weeks has triggered an outsize response from borrowers.
Senior officials from Qatar and Turkey also expected to attend in push for breakthrough over Donald Trump’s peace plan
The advance in Thailand’s currency on Wednesday following the central bank’s surprise decision to hold rates will likely peter out as the monetary authority still seems to maintain a dovish bias, strategists say.
Charging an electric car battery is usually cheaper than going to the gas pump. But it depends on where you live.
Obamacare premiums could double for millions of Americans if the law isn’t changed. Neera Tanden walks Ezra Klein through the shutdown’s policy stakes.
European Central Bank Governing Council member Jose Luis Escriva says ECB policymakers don’t have a bias toward cutting interest rates at present. “I would not preempt the direction of any change,” Escriva says. The Bank of Spain governor speaks in an interview with Kriti Gupta at the Bloomberg Future of Finance conference in Madrid.
The case against James B. Comey, the former F.B.I. director, was deemed too thin by a previous federal prosecutor, who quit under pressure from President Trump.
Nigeria is planning to raise as much as $2.3 billion in a eurobond sale in the fourth quarter, potentially joining other African issuers taking advantage of lower borrowing costs.
By embodying President Trump’s brash style, Rafael López Aliaga has become a leading candidate to be Peru’s next president.
Can Donald Trump end the “worst war” with the latest round of peace talks?
The mayor of Lima, Peru, held a Charlie Kirk memorial — filled with attendees bused in from poor neighborhoods — as he sought help from the Trump administration.
People and institutions of civil society must coordinate against him.
The founder of the Equal Justice Initiative says it would be “dishonorable” to remain silent in the face of President Trump’s efforts.
Many residents say that illegal dumping has inundated Oakland, Calif., a city with more garbage than almost anywhere else.
Marriages and other glad occasions in Syria are often celebrated by firing shots in the air. But after nearly 14 years of war, people want the guns to go silent.
The case, one of several challenges to mail-in ballot rules lodged by allies of President Trump, involves an effort to exclude votes received after Election Day.
Higher education leaders and public-school superintendents say they depend on skilled foreign workers to fill critical roles.
Urla, a lush district in western Turkey, is bursting with promise, with easy access to beaches, an up-and-coming gastronomy scene and a well-marked vineyard route.
Oklo’s shares have surged more than 1,000% in the past year, while NuScale Power’s have tripled in value.
Republican US Representative Elise Stefanik is inching closer to running against New York Governor Kathy Hochul next year, saying the Democrat’s endorsement of Zohran Mamdani for New York City mayor has created an opening.
It’s too early to be worried about a bubble in high-flying US technology stocks.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Laura Fox, Janus Henderson, Global Equity Income Team, Portfolio Manager & Herbert Mangesius, VSquared Ventures' co-founder and General Partner (Source: Bloomberg)
Umicore SA shares surged as much as 8% after the Belgian recycling and metals refining company said it will generate €410 million ($477 million) in cash from selling its gold inventories.
European Central Bank Governing Council member José Luis Escrivá said policymakers don’t have a bias toward cutting interest rates at present and could equally end up hiking them instead.
The battle between Italian luxury yacht maker Ferretti SpA’s management and its top Chinese investor is once again in the spotlight just over a year after the company was roiled by a spying scandal.
European countries curtailed a record amount of wind power in the first nine months of the year as excess output overwhelmed infrastructure that was unable to absorb surges in the flow of renewable power.
Lenders exposed to a probe into commissions on car loans rose after the regulator said the cost of a redress plan was set to be lighter than feared.
Outgoing French Prime Minister Sebastien Lecornu expressed optimism that an an accord can be reached to allow the formation of a new government without fully endorsing a new proposal to rethink a controversial pension law. Bloomberg Economics' Jean Dalbard breaks down the situation and what impact this could have on French finances. (Source: Bloomberg)
ASML Holding NV shares fell after US lawmakers accused the Dutch chip equipment maker of boosting China’s semiconductor industry, raising the specter of further export controls on the company’s lithography machines.
U.S stock futures rose along with indices in Europe while in Asia shares mostly declined.
If the yen slumps toward the key 160 level against the dollar, it could prompt intervention and complicate U.S.-Japan trade relations.
Anna Edwards, Guy Johnson, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Fabiana Fedeli, CIO of multi-asset at M&G Investments, discusses the outlook for artificial intelligence stocks and the risk that "crisis fatigue" among investors could lead to complacency. "There are areas of AI that are clearly more frothy," Fedeli tells Bloomberg Television. "There are still areas where you can make that return, you just have to be more careful." (Source: Bloomberg)
The food giant has left the Dairy Methane Action Alliance, an effort to reduce greenhouse gas emissions from herds of cattle.
Blackstone Inc. has hired Apurva Shah for a top role in its private credit and insurance business in India as the alternative asset manager seeks to capture the country’s rising demand for credit.
Shares rose 16% above the IPO price in what is the largest offering in Europe since 2022.
Verisure Chief Executive Officer Austin Lally discusses the company's trading debut as its initial public offering raised about €3.2 billion ($3.72 billion) — the biggest in Stockholm in 25 years. Lally says he's been "delighted" with "very strong support" both in the Swedish market and from international investors. He adds that the listing is about longer-term performance, rather than a first-day surge in share price. He speaks on Bloomberg Television. (Source: Bloomberg)
Silver gains bring prices closer to longstanding record
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
European stocks rose to a fresh record on optimism that the French budget deadlock may be resolved as soon as this year. BMW AG fell after a forecast cut.
Animal spirits have returned in the M&A market, and deal activity is increasing on the back of an improved economic outlook, according to a top JPMorgan Chase & Co. banker who helped orchestrate the record financing for the $55 billion take-private of Electronic Arts Inc.
Semiconductor material maker Tekscend Photomask Corp. priced its initial public offering at the upper end of the range on Wednesday in this year’s second biggest listing in Japan.
The Bank of Thailand held its policy rate steady, surprising markets with its first decision under the new governor’s tenure.
Indian refiners are expected to boost oil imports from Russia in the coming months, as trade talks with Washington drag on and discounts widen amid ample supplies.
With the yen now at shooting distance from the key psychological level of 155 against the dollar after this week’s market jolt, investors have started to consider how weak the currency must go before the finance ministry intervenes again.
Data centers squander vast amounts of electricity, most of it as heat. The physical properties of diamond offer a potential solution, researchers say.
For hundreds of years, people who have lived near Seneca Lake in upstate New York have reported hearing loud booms coming from the water. No one is exactly sure why.
A quiet standoff is developing among asset managers in Europe that threatens to frustrate an effort to make the region’s struggling markets more competitive.
Zhongji Innolight Co., a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter.
Office for National Statistics says there was an error in VAT receipts used to calculate the figures
Teck Resources Ltd. cut its output guidance for its flagship copper mine in Chile, little more than a month after agreeing one of the biggest mining deals in over a decade with Anglo American Plc.
Foundation Healthcare, backed by Singapore investment firm Temasek Holdings Pte., is considering an initial public offering that could value the medical group at more than $1 billion, according to people with knowledge of the matter.
Teams from the US, Qatar, Israel and other nations are heading to Egypt as part of a final push to end the war in Gaza. A US team including special envoy Steve Witkoff and Trump's son-in-law Jared Kushner are set to join Qatar's Prime Minister and other senior officials in Sharm El-Sheikh. Bloomberg's Dan Williams explains. (Source: Bloomberg)
Cristiano Ronaldo has become the first football billionaire — his net worth has now climbed to $1.4 billion, according to the Bloomberg Billionaires Index. During more than two decades at some of Europe’s biggest clubs, including Real Madrid, Manchester United and Juventus, the 40-year old Portuguese national cashed in on his stardom with lucrative side gigs for the likes of Armani and Nike. But it’s now, in the twilight of his playing career, that he’s been catapulted into the top ranks of the richest sportspeople, inking a fresh contract extension in June with Saudi Arabian team Al-Nassr that’s reportedly worth more than $400 million. Bloomberg's Sofia Horta e Costa reports. (Source: Bloomberg)
Hungary’s inflation remained outside of the central bank’s tolerance band for a 10th month, presenting a conundrum to policymakers under pressure from Prime Minister Viktor Orban’s government to cut interest rates.
Tata Capital Ltd.’s initial public offering — which at 155 billion rupees ($1.7 billion) is India’s largest this year — was sold out on the final day of bidding, reflecting strong demand from institutional and wealthy investors.
China’s car dealerships are in urgent need of financial assistance as a long-running price war and rapid increase in production capacity for electric vehicles leave them struggling to survive.
The “Daily Show” host found comedic fodder in an Oval Office event about mining in Alaska, at which the president wound up talking about Sean Combs.
Output in factories in Europe’s largest economy sank 4.3% on month, a considerably weaker result than consensus expectations.
German industrial production fell the most since early 2022, evidence of the struggle by Europe’s biggest economy to shake off a multi-year slump.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Artificial intelligence-powered financial technology firm Optasia plans to raise 6.3 billion rand ($365 million) selling shares in South Africa and use the proceeds to acquire companies as demand for digital finance booms.
Security services group Verisure Plc’s initial public offering has raised €3.2 billion ($3.72 billion), cementing Stockholm as the busiest European exchange for companies seeking to go public this year.
China’s longest stock rally in years has done little so far to encourage households to shell out more money during a major holiday this month, a worry for an economy already entering a slowdown.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Spot gold smashed through $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally. It’s a milestone for bullion, which traded below $2,000 just two years ago, with returns that now outstrip those for equities this century. Bloomberg's Valerie Tytel reports. (Source: Bloomberg)
A once-in-a-generation exhibition in Italy shows how the Renaissance painter believed something with his whole heart, and then made it manifest.
Good morning. Elon Musk’s xAI is raising $20 billion. Spot gold prices climb above $4,000 for the first time. And it’s getting a lot harder for Brits to get richer. Listen to the day’s top stories.
Credila Financial Services Ltd. is slowing down its plans for an initial public offering in Mumbai as the company seeks to update its latest financials, according to people familiar with the matter.
Egyptian inflation slowed for a fourth month, as a stronger local currency helped ease price pressures in the import-reliant nation.
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people familiar with the matter. Nvidia is investing as much as $2 billion in the equity portion of the transaction, the people said. Bloomberg’s Annabelle Droulers reports.
The dollar approached a two-month high on Wednesday as fiscal and economic concerns from Asia Pacific to Europe weighed on the currencies of its Group-of-10 peers.
European Central Bank Governing Council member Olli Rehn warned that there’s the danger that consumer-price growth slows below the 2% goal.
China's AI stock rally is a "paper-tiger market," Bloomberg Intelligence senior analyst Robert Lea argues, with investors due for a reality check. Lea says Chinese AI stalwarts like Alibaba, Tencent and Baidu will fail to live up to lofty investor expectations on what generative AI can achieve, limiting their ability to deliver any meaningful earnings upside. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Angelina Lai, Asia and Middle East CIO at St James's Place, shares her views on spot gold smashing through $4,000 an ounce for the first time. She tells Bloomberg Television that rising gold, silver and platinum prices this year represent "a flight to safety." (Source: Bloomberg)
Pimco and BlackRock both say chancellor needs to go beyond slim £9.9bn of margin left against key borrowing rule
Some say this is a ‘good’ bubble, but investors should remember that all bubbles burst in the end
While broader growth is subdued, consumers feel optimistic about their own lot
Drop in demand and expectations of increased supply weigh on market
New entrants could revitalise and expand rail services from London to continental Europe
The massive bond purchases are being unwound at a time of fierce political criticism of the monetary authorities. The controversy could limit options in future crises
Companies struggle to assess scale of financial risks emerging from artificial intelligence
However much Trump touts coal, data centers need all the power renewables can generate.
As China struggles with economic discontent, internet censors are silencing those who voice doubts about work, marriage, or simply sigh too loudly online.
Christian Wolf, UBS Group AG’s head of mergers and acquisitions for Southeast Asia, is leaving the Swiss bank after working there for more than 16 years, according to people with knowledge of the matter.
A record month for India’s IPO market, powered by Tata Capital and LG Electronics’ billion-dollar offerings. Here's what’s behind the frenzy. (Source: Bloomberg)
A Chinese blockade would quickly deplete resources on an island that depends on imported fuel.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
President Donald Trump opened the door to blocking back pay for certain federal workers when the government reopens, a move that would heighten legal scrutiny of the administration’s maneuvers during the shutdown. Bloomberg's Derek Wallbank speaks on The China Show. (Source: Bloomberg)
A planned management buyout of auto parts maker Pacific Industrial Co. has prompted a backlash from one of its largest investors, adding pressure on the Tokyo Stock Exchange to provide more protection for minority shareholders in such deals.
Copper fell as US Federal Reserve officials cautioned against rapid loosening of monetary policy, undermining the case for a demand boost to metals.
Prices have doubled in less than two years as central banks stockpile bullion and investors pour in to gold funds
Spot gold prices climbed above $4,000 an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally.
People gathered in remembrance of hostages held by Hamas and in protest of Israel’s destructive campaign in Gaza as negotiators discussed a possible agreement to end the war.
New Zealand’s dollar and bond yields dropped after the central bank surprised the market with a larger-than-usual interest rate cut and signaled more reductions.
The Reserve Bank of New Zealand delivered a 50-basis-point cut in interest rates, reacting to a run of weak economic data that included a sharp slowdown in growth.
Pictet Asset Management is increasing holdings of Japanese equities while cutting exposure to Europe following the victory of pro-stimulus conservative Sanae Takaichi in the ruling party leadership race.
The startup that issued Donald Trump’s memecoin several days before his second presidential inauguration is working to raise at least $200 million to create a digital-asset treasury company to accumulate the struggling token, according to people familiar with the situation.
Glencore Plc said it will receive a combined A$600 million ($395 million) from the Australian federal and Queensland state governments to keep its Mount Isa copper smelter and associated refinery running for another three years.
Investors are pouring money into dollar alternatives like bitcoin and precious metals.
The Korean carmaker is betting big on the U.S., even as new trade and immigration policies pose hurdles
A drumbeat of hard realities echoed through the halls at this year’s Athens Democracy Forum, where participants noted trends that do not portend well for the form of governance.
Toyota Motor Corp. has amassed a lucrative, growing after sales and service operation that keeps 150 million of its vehicles on roads around the planet — and the business is poised to become the company’s biggest source of profit.
The Nobel Prize winner Maria Ressa told attendees at the Athens Democracy Forum that holding fast to “truth” was critical in restoring democracy.
A global swing by governments seeking to assert control has meant repercussions for women, including attempts to delegitimize them and limit their rights, experts said.
At a forum in Athens, leaders discussed challenges to democracy that they said stemmed from both internal and external forces.
Five young people spearheading efforts around the world to bolster and restore democratic principles share what they have learned — and what needs to change.
While this may be a good time to take advantage of the public’s attention, it’s also a time when teachers increasingly fear repercussions for offending students.
The national air space has long been reeling from a staffing crisis among air traffic controllers, as the F.A.A. grapples with a shortage of about 3,000 controllers.
His work in the manipulation of cells laid the foundation for stem cell biology and regenerative medicine and led to the first cloned large mammal, a sheep named Dolly.
The man said he did not know Gisèle Pelicot had been drugged. Her ex-husband, who admitted drugging and raping her and inviting strangers to join him, testified that the man knew.
Thousands of flights have been slowed during the government shutdown as the FAA grapples with persistent shortages.
Thousands of flights have been slowed during the government shutdown as the FAA grapples with persistent shortages.
The Philippine peso looks set to rebound in the coming months, with analysts betting that potential central bank intervention and seasonal remittance inflows will prop up one of Asia’s worst-performing currencies.
The Canadian prime minister came to Washington determined to take the heat out of the relationship. He mostly succeeded, at least for now.
The session before a Senate panel featured more fireworks than facts as Democrats and the attorney general repeatedly clashed.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, US Senator Rand Paul, a Kentucky Republican, discusses his "Six Penny Plan" for balancing the federal budget. Mara Rudman, University of Virginia Miller Center Professor and former Deputy Envoy for Middle East Peace at the US State Department, speaks on the ongoing discussions between Israel and Hamas and the new pressure for a deal as both sides mark two years since the October 7th attack. Senator James Lankford (R-OK) shares his thoughts on President Trump suggesting to fire or eliminate some federal positions during the shutdown and states he believes federal employees should get backpay once the government reopens. (Source: Bloomberg)
Protesters in Ecuador hurled rocks at the motorcade transporting President Daniel Noboa, angry over his government’s decision to end a diesel subsidy last month, but he was not harmed.
Neil Jacobs was found to have violated NOAA’s code of ethics after an investigation into an incident that centered on an altered hurricane forecast map in 2019.
At a Senate committee hearing, the attorney general avoided answering pointed queries by repeatedly laying into her questioners and casting her responses as a defense of the Trump administration.
China, the world’s biggest soybean buyer, hasn’t booked any U.S. soybean purchases in months. Farmers warn of a “bloodbath.”
Colombian inflation accelerated to a seven-month high, bolstering the case of the majority on the central bank’s board who are resisting political pressure to cut interest rates.
Oil edged higher after a mixed US inventories report, with traders also focused on the broader outlook for supply as OPEC+ presses on with output increases and American production expands.
Rob McEwen’s copper venture is moving forward with a major project in Argentina, betting a new legal and fiscal stability program shields it from the latest spate of turmoil in the nation.
Leader will pitch Conservatives as the party of spending control with pledge to drive down Britain’s deficit
Australia’s interest-rate gap with the US is set to turn positive in the coming months, potentially delivering a boost to the local dollar as domestic assets become more appealing, according to AMP Ltd.
Gold held near a record just below $4,000 an ounce as a wobble in tech stocks reinforced investor appetite for haven assets, while the data void created by the US government shutdown impeded the outlook for US monetary policy.
President Donald Trump’s recent social media post calling for mortgage giants Fannie Mae and Freddie Mac to boost homebuilding is sowing confusion in an industry already grappling with a stalled market and higher construction costs.
Even President Trump has conceded that he and his party could face political pain from rising premiums, stiffening Democrats’ spines as they demand a subsidy extension.
Baltimore Mayor Brandon Scott joins Bloomberg Businessweek Daily to discuss the city's development plans, economic backdrop, and more. Scott also says the city will "be prepared" if President Trump deploys the National Guard into the area. Baltimore is still on President Trump's list for a potential deployment. Scott also discusses crime rates and the city's changing reputation, local impacts of the US government shutdown, and more. (Source: Bloomberg)
Asian stocks are set for a sluggish open after Wall Street shares took a breather from notching a series of all-time highs.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Investment Management’s Andrew Slimmon, Avenue Capital’s Marc Lasry, EverCore ISI’s Stephen Kim, Union Square Advisors’ Ted Smith, Pimco’s Jerome Schneider, Ritholtz Wealth Management’s Callie Cox, KPMG U.S.’s Tim Walsh, E.L.F. Beauty’s Tarang Amin and Naturism’s Susan Yara. (Source: Bloomberg)
Tarang Amin, E.l.f. Beauty CEO, says the company has a high bar for M&A and doesn’t overly integrate acquisitions. Naturium founder Susan Yara tells Romaine Bostick and Katie Greifeld on “The Close” that the beauty industry doesn’t need more brands, it needs great ones. (Source: Bloomberg)
Intercontinental Exchange Inc., owner of the New York Stock Exchange, plans to invest as much as $2 billion in cash in Polymarket, a crypto-based betting platform. The transaction values the company, which lets traders wager on the outcome of real-world events such as elections and sports, at roughly $8 billion, ICE said in a statement Tuesday. ICE will become a global distributor of Polymarket’s event-driven data, providing customers with sentiment indicators on topics in the market, according to the statement. The exchange operator and Polymarket have also agreed to partner on future tokenization initiatives. Bloomberg Opinion Columnist John Authers joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Senator James Lankord (R-OK) shares his thoughts on President Trump suggesting to fire or eliminate some federal positions during the shutdown and states he believes federal employees should get backpay once the government reopens. He also talks about if there are group negotiations happening around health care and states the Senate GOP is "not even close" to 60 votes. Sen. Lankford speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
The WSJ Dollar Index rose 0.5% – up for three of the past four trading days.
Morning folks, Rich Henderson in Bloomberg’s Melbourne Bureau. Out today is a new documentary from Bloomberg Originals on the sinking of the Gulf Livestock 1, which was the worst disaster in the history of the live-export trade, watch it here:Today’s must-reads:• Trump’s AUKUS review• Rental vacancy rate hits record low• Consumer confidence sinks
Ontario Teachers’ Pension Plan is refocusing part of its private investment team to return to its roots of operating companies to drive profit, according to a top investment executive.
BillionToOne Inc. filed for a US initial public offering, becoming the second notable health-care company to advance public listing plans despite the US government shutdown.
3I/ATLAS, only the third object from beyond our solar system ever spotted from Earth, was viewed from Mars by an orbiting European spacecraft.
Tim Walsh, KPMG’s new Chair and CEO, says executives are navigating not just tariffs but a rapidly shifting tariff landscape that can change monthly, with AI helping them analyze the impact. He tells Romaine Bostick and Katie Greifeld on “The Close” that cybersecurity remains a top priority for CEOs. (Source: Bloomberg)
Also, the Supreme Court seemed skeptical of a ban on conversion therapy. Here’s the latest at the end of Tuesday.
US Senator Rand Paul, a Kentucky Republican, discusses his "Six Penny Plan" for balancing the federal budget. Speaking on "Balance of Power," Senator Paul also discusses his views on health-care reform, President Donald Trump calling off US diplomatic engagement with Venezuela and the government taking stakes in publicly-traded companies. (Source: Bloomberg)
Good morning. Dell hikes its outlook for the next four years. Asian youth struggle to find jobs. And French wine production sinks. Listen to the day’s top stories.
Israel got complacent, thinking war would never come. Are we doing the same with Taiwan?
The investigation, according to people with knowledge of the inquiry, is focused on whether Uber committed consumer fraud in how it promoted consumer safeguards.
Meta CMO Alex Schultz says AI means advertisers can focus on a market of one. Schultz discusses targeted advertising, ways to use data creatively and his new book with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Jerome Schneider, Managing Director and Head of Short-Term Portfolio Management at PIMCO, says the comfort of earning 5% on cash is fading, stressing the need to move out of cash. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects two more rate cuts. (Source: Bloomberg)
Students discuss feeling anxious when separated from their devices, noting the effects on their mental health and attention spans.
Ted Smith, president of Union Square Advisors, says he sees a strengthening in the IPO market this year compared with the past two years. He notes there are twice as many tech IPOs and that the market remains open from an investor perspective. He tells Romaine Bostick and Katie Greifeld on “The Close” that a “flurry of activity” may follow once the government shutdown ends. (Source: Bloomberg)
Peter Baker answers questions from readers about covering President Trump and the changing U.S. role in the world.
Join Chris Rovzar in Newport, Rhode Island, as he attends the Audrain Concours d’Elegance and Motor Week to check out rare and extremely well-preserved cars from the last century. (Source: Bloomberg)
The data and technology company will offer its VantageScore 4.0 mortgage credit scores for less than half of the price of FICO’s scores through the end of 2027.
Katie Haun, the founder and CEO of Haun Ventures, was the Coinbase’s first independent director, former general partner Andreessen Horowitz and former federal prosecutor with the US Department of Justice overseeing cyber, corporate, and violent crime investigations. She joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto" to talk about 'debasement trade,' DATs and Stablecoin growth. (Source: Bloomberg)
Thoma Bravo finalized a $5.5 billion debt deal that will help fund its pending acquisition of human-resources software provider Dayforce Inc. on Tuesday, after receiving strong investor demand to buy up the financing.
Issuance boomed across credit markets last month, while a key fear gauge in the investment-grade market closed at its lowest level the year on Monday. But beneath the surface, UBS Group AG strategists see cracks forming.
An aspiring mogul finds yet another way to appease Donald Trump.
His bill would give bureaucrats the authority to dictate labor contract terms.
Companies mentioned during OpenAI’s Dev Day saw a jump in their stock. Bloomberg’s Ryan Vlastelica reports on OpenAI’s “golden touch” for public companies' shares on “Bloomberg Tech” with Caroline Hyde and Ed Ludlow. (Source: Bloomberg)
The law lets the state punish buyout shops that interfere in healthcare decisions at medical practices they own.
The Trump administration has a long way to go.
There are many reasons these days to look for a hedge against uncertainty.
New $37,990 ‘standard’ version is 15% less expensive than the previous base offering
Find insight on Northern Star Resources, Capricorn Metals and more in the latest Market Talks covering basic materials.
Find insight on oil futures, Shell and more in the latest Market Talks covering energy and utilities.
After all, there is “an enemy within.”
Tesla plans to unveil a cheaper version of the Model Y, following through on plans to offer a more affordable car after the loss of US incentives for electric vehicles. Bloomberg’s Craig Trudell joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
A judge in Puerto Rico ordered New Fortress Energy Inc. to stop using the tugboats it hired to make deliveries to its San Juan Bay terminal — forcing some power plants to turn to more expensive and dirtier diesel.
What Sanae Takaichi’s leadership could mean for Japan’s economy, and why some Japanese aren’t thrilled about the politics of the woman set to become the nation’s first female prime minister.
Platinum Equity-backed portable toilet company United Site Services Inc. is operating under a forbearance agreement after it elected to skip interest payments on some of its debt, according to people with knowledge of the matter.
An Office of Management and Budget memo says furloughed employees aren’t assured of paychecks for missed work
Vietnam received its first classification as an emerging equity market from a major index compiler, potentially attracting billions of dollars more in capital inflows.
Goldman Sachs Group Inc. is holding early discussions with investors to gauge their interest in a roughly $2.1 billion leveraged loan tied to Comcast Corp.’s planned spinoff of Versant Media Group Inc., according to people with knowledge of the matter.
Janet Mui, head of market analysis at RBC Brewin Dolphin says she feels comfortable with the liquidity going into the AI infrastructure buildout. Mui joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Steven Fulop, the mayor of Jersey City, will take over as the head of the Partnership for New York City. Kathryn Wylde, a city power broker, has held the position for decades.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Oracle shares dropped 2.5%, while gold hit another record.
The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by US oil majors, according to a list seen by Bloomberg.
The data void created by the US government shutdown is pushing bond traders to hedge against the risk that the Federal Reserve pauses at one of its two remaining meetings this year, or potentially delivers more policy easing than the market anticipates.
Investors have spent a lot of money to help AI fulfill its lofty promise. But no one really knows how it will all pay off. Carmen Reinicke explains. (Source: Bloomberg)
Grupo Mexico SAB, the conglomerate led by Mexican mining magnate German Larrea, said it has no interest in getting into a bidding war for Citigroup Inc.’s Banamex unit and hinted at a future public listing if its current offer succeeds.
Jerome Schneider, Pimco managing director and head of short-term portfolio management and funding, says cash has become a dominant theme over the past year. He speaks on "Bloomberg The Close." (Source: Bloomberg)
It's now been two years since Hamas invaded and attacked Israel on October 7, 2023, sparking a deadly conflict in the region. President Donald Trump is pressing Israel and Hamas to reach a peace deal. Talks are being held in Egypt. The "Balance of Power" political panel discusses the conflict. (Source: Bloomberg)
Tensions over the federal intervention in the city have many runners worried about what to expect during the race, which passes through immigrant neighborhoods and draws many participants from abroad.
Unions have sued to block any firings, which budget experts believe are not even needed to protect essential federal services.
Katie Haun, Founder and CEO of Haun Ventures, discusses stablecoins and says consumers need to focus on who is capturing the yields. She speaks with Scarlett Fu and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss gold approaching $4,000 as investors largely shrug off a US government shutdown. Charles Schwab Senior Investment Strategist Kevin Gordon joins the show to discuss market sentiment, Citadel CEO Ken Griffin's comments about gold, and more. Also on today's show, Bloomberg's Sri Natarajan breaks down JPMorgan Chase CEO Jamie Dimon's interview with Bloomberg's Tom Mackenzie, covering artificial intelligence, a possible recession in 2026, and the government shutdown. Also, Pivotal Ventures Vice President Erin Harkless Moore discusses women's wealth and investments during the 'great wealth transfer.' (Source: Bloomberg)
Jamie Dimon said JPMorgan Chase & Co. spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount annually from the investment. He has said his bank already has hundreds of use cases for the technology, which will likely grow, and has touted its ability to help humans cure cancer and move to shorter work weeks. Dimon also said he would welcome proposed changes that would ease US Securities and Exchange Commission requirements for quarterly earnings reports. Bloomberg's Sri Natarajan joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down Dimon's wide ranging interview. (Source: Bloomberg)
The sinking of the Gulf Livestock 1 was the worst disaster in the history of the live-export trade, an industry made up of about 150 ships with a market value totaling $20 billion to $30 billion. (Source: Bloomberg)
Switzerland’s largest bank has multiple investments tied to bankrupt auto parts maker
In meeting with PM Mark Carney US president fails to announce any change to tariffs on biggest commerce partner
Both Zohran Mamdani and Andrew Cuomo planned to attend events marking the anniversary of the Hamas attacks and honoring the victims.
The proposed transaction, stemming from relationships that started while his father was vice president and involving a Chinese partner, underscores the extent of Mr. Biden’s questionable business dealings abroad.
Avenue Capital CEO and co-founder Marc Lasry discusses the role of private equity in the business of sports with Dani Burger on "Bloomberg The Close." Avenue Capital announced the final closing of a sports fund launched in 2023. It drew more than $1 billion in capital commitments. (Source: Bloomberg)
Growing fiscal concerns in some of the world's biggest economies are adding momentum to a so-called "debasement trade," as investors flock to the perceived safety of Bitcoin, gold and silver while pulling away from major currencies. Katie Haun, Founder and CEO of Haun Ventures, speaks on "Bloomberg Crypto" with Scarlet Fu and Tim Stenovec. (Source: Bloomberg)
UBS Group AG has shelved a significant risk transfer transaction tied to 2 billion francs ($2.5 billion) of loans, according to people familiar with the matter.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from DC. On today's show, Republican Congressman Mike Bost of Illinois, Stonecourt Capital Partner Rick Davis, and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino. (Source: Bloomberg)
Former Treasury secretary Robert Rubin discusses the state of the US economy and how he sees President Trump's tariff policy impacting growth and inflation at the Greenwich Economic Forum in conversation with Bloomberg's Lisa Abramowicz. (Source: Bloomberg)
Gold edged closer to $4,000 an ounce, extending a rally fueled by the US government shutdown and the political crisis in France.Traders are still pricing in a quarter-point cut this month, which should benefit gold as it doesn’t pay interest. However, Citadel's Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that's "really concerning" to him. Griffin stated the US is seeing fiscal and monetary stimulus akin to what normally happens during a recession, which is stoking markets. Scharles Schwab Senior Investment Strategist Kevin Gordon joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)
Doha has played double games before, and unless it sustains its pressure, this may prove to be another one.
Consensys founder and CEO and Ethereum co-founder Jo Lubin discusses Swift using Consensys for potential blockchain ledgers. In an interview with Dani Burger on "Bloomberg Crypto" he says creating DATs was a ‘no-brainer.’ (Source: Bloomberg)
German carmaker also highlights higher than expected tariff costs
US consumer borrowing rose in August at the slowest pace in six months, restrained by a pullback in credit-card balances.
The Guard has been federally mobilized around the country at least 10 times since World War II, with presidents using it to respond to civil unrest.
The discount on a more affordable electric vehicle doesn’t make up for the lost EV tax credit that U.S. consumers used to get
The Japanese yen extended its slide Tuesday, touching the weakest level since February against the dollar as Sanae Takaichi’s surprise win as the new leader of Japan’s ruling Liberal Democratic Party continued to weigh on the domestic currency.
Until the recent U.S.-backed peace deal, Israel has continued to use force without engaging in any viable diplomacy. It must change to save itself.
Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.
Johnson & Johnson was told by a California jury to pay $966 million to the family of a deceased woman who blamed her cancer on life-long use of the company’s baby powder in the largest verdict for a single user in the 15-year litigation.
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Katie Haun, Founder and CEO of Haun Ventures, and Joe Lubin, Founder and CEO of Consensys. (Source: Bloomberg)
Negotiations Around the government shutdown appear to be moving in the wrong direction as some Senators like Maine's Angus King reconsider their vote on Republican's clean continuing resolution. Comments made by President Trump claiming some furloughed workers may not get back pay irked Republicans, as they try to pin shutdown fallout on democrats. Bloomberg's Megan Scully reports. (Source: Bloomberg)
As several of the city’s classic Black-owned restaurants close, some historians worry about the passing of a beloved tradition.
Treasuries rose Tuesday, extending a modest advance after the first coupon auction of the month drew strong demand.
Prime Minister Giorgia Meloni said banks will once again have to contribute to Italy’s budget.
A former Janjaweed militia commander was the first person found guilty by the International Criminal Court for atrocities in Darfur two decades ago.
Republican Representative Mike Bost of Illinois said the shutdown won't impact medical care for veterans but other Department of Veterans Affairs programs will be in jeopardy the longer the impasse drags on. (Source: Bloomberg)
The case involves a California woman who died from mesothelioma, a rare cancer. Her family claimed Johnson and Johnson’s talc powder products were to blame.
Hi, it’s Crystal Tse in New York, with a look at why activist investors may be more frequently citing national security along with shareholder value. Also, CoreWeave says it will stick to its $9 billion offer for Core Scientific and Qualtrics strikes a $6.75 billion deal for a health-survey firm.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon talks about the growth of AI and how it's being used at the bank. Dimon shares his thoughts on the US government shutdown and the problems with reporting quarterly earnings. Dimon spoke to Bloomberg's Tom Mackenzie in London on Tuesday. (Source: Bloomberg)
Brussels also plans to cut amount that can be imported tax free which would be ‘terminal’ for British companies
After a terrorist attack on a synagogue, the government is caught between defending free speech and trying to reassure its Jewish population.
Crown Prosecution Service had charged two Britons with espionage offences
As Americans heeded a catchphrase and indeed ate more chicken during a beef spike, poultry producers raked in profits. Now, falling chicken prices may be bringing that rally to an end.
ICE/Polymarket, pump and dumps are illegal again, AI in consulting and exploding rockets.
The UK’s steel sector warned of a potentially existential crisis after the European Union proposed raising tariffs to shield its own ailing sector.
President Donald Trump said he expects the US and Canada can “get there” on a resolution to end their dispute over sectoral tariffs on steel, aluminum and autos. Speaking in the Oval Office with Canadian Prime Minister Mark Carney, Trump described the disagreements between the countries as “natural conflicts” because they’re competing for the same business. (Source: Bloomberg)
Citadel's planned office tower in Miami's Brickell neighborhood will probably cost around $2.5 billion, according to founder and CEO Ken Griffin. Originally it was supposed to cost $1 billion. Griffin spoke to Bloomberg's Francine Lacqua on Monday at a Citadel Securities conference in New York. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guest: Economic Policy Institute President Heidi Shierholz. (Source: Bloomberg)
European Central Bank President Christine Lagarde said institutions are observing France’s political crisis and hope a government finds a way to adopt a budget.
Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday that any drastic cuts to interest rates would risk stoking inflation. “You would expect to see the economy have a burst of high inflation,” Kashkari warned during a panel discussion on artificial intelligence and the economy hosted by the Minnesota Star Tribune.
Prolonged funding pressures in US money markets, just as bank reserves held at the Federal Reserve are dwindling, suggest the central bank may be getting closer to ending the unwinding of its massive portfolio of securities.
CoreWeave doesn’t plan to change its bid for Core Scientific, according to CoreWeave’s CEO Michael Intrator. Intrator discusses compute demand and the company's M&A strategy with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The AI-fueled rally may be running on fumes — Citi warns investors could soon start taking profits. OpenAI’s influence keeps growing, but the market mania around it is sparking dot-com déjà vu. Billionaire Ken Griffin says the U.S. economy’s on a “sugar high” — and the flight to gold has him worried. Plus, Trilogy Metals rockets higher after Washington takes a 10% stake. (Source: Bloomberg)
Bundesbank President Joachim Nagel backed a joint budget for European Union defense spending, suggesting that this could be financed by common debt.
Orion Resource Partners is continuing its discussions with the Trump administration about potential partnerships to invest in mining, the founder of the New York-based investment firm said.
President Donald Trump has called off US diplomatic engagement with Venezuela, people familiar with the move said, a decision that favors Secretary of State Marco Rubio’s more hardline approach and may lead to further military escalation.
Yes, compensation is important, according to research. But ignore employee engagement at your peril.
The Securities and Exchange Commission has been probing the data-collection practices of the mobile advertising tech company AppLovin Corp., according to people familiar with the matter. The company’s shares slid. The agency has specifically looked into allegations that AppLovin violated platform partners’ service agreements to push more targeted advertising to consumers, said the people, who asked not to be identified discussing private matters. SEC enforcement officials assigned to cyber and emerging technologies have been handling the matter, the people said. Bloomberg's Nathan Naidu reports. (Source: Bloomberg)
Harry Taylor, Executive Vice President, Chief Financial & Regulatory Officer, Hydro One discusses the new technologies driving the next chapter of Canada's energy delivery with Bloomberg's Naureen Malik at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Tesla Inc. plans to unveil a cheaper version of the Model Y on Tuesday, according to people familiar with the matter, following through on assurances it will have a more affordable vehicle to counter the loss of US incentives for electric vehicles. The new base Model Y is what Tesla started teasing in social media posts over the weekend, said the people, who asked not to be identified discussing private information. The cheaper vehicle will lack certain features and use less premium materials to offset the loss of the up to $7,500 federal tax credit that the US stopped offering as of this month, the people said. Bloomberg's Craig Trudell reports. (Source: Bloomberg)
Billionaire Ray Dalio said that gold is “certainly” more of a safe haven than the US dollar and the metal’s record-setting rally echoes the 1970s, when it surged during a time of high inflation and economic instability.
As alternative asset managers look to capture retail wealth, Sixth Street Partners Co-Chief Investment Officer Josh Easterly flagged the ubiquitous marketing of private investments as a potential area of concern.
Canadian utility company Hydro One Ltd. plans to launch its first-ever US dollar debt sale in the first half of 2026, interim chief executive officer Harry Taylor said at the Bloomberg Canadian Finance Conference on Tuesday.
Tensions have been building over government attempts to bring the Kurdish-led region in northeastern Syria under its authority. Kurdish leaders have so far resisted.
Sotheby’s is in talks with investors regarding a deal to refinance some of its existing debt, according to people familiar with the matter.
Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday cautioned that any drastic cuts to interest rates would risk stoking inflation.
Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has roughly $1 billion left in its coffers.
BMW AG lowered its annual guidance on persistently weak China sales, payments to dealers in the country and tariff costs, the German car manufacturer said.
JPMorgan Chase Chair and CEO Jamie Dimon says he sees a lot of “firepower” for deals in the market and adds that he’d welcome changes in quarterly earnings reporting requirements. He speaks during an interview with Tom Mackenzie on “Bloomberg Tech.”
Also: how the election in New York City is influencing other contests nationwide, and some movie advice from Andrew Cuomo.
The famous 1961 ‘vast wasteland’ speech included a threat to deny broadcasters’ licenses.
CoreWeave Inc. Chief Executive Officer Michael Intrator pushed back on the idea of changing a $9 billion bid for Core Scientific Inc. after one of the acquisition target’s biggest investors said it was a lowball offer.
John Di Bert, Executive Vice President & Chief Financial Officer, Air Canada discusses the state of global aviation and shifting travel trends with Bloomberg's Mathiew Dion at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
One of Canada’s major lenders says Prime Minister Mark Carney will push the country’s deficit to about 3% of its gross domestic product as his government pursues major projects and tries to attract more investment.
JPMorgan Chase Chair and CEO Jamie Dimon says he is a bit more concerned about inflation than others. Speaking with Tom Mackenzie on “Bloomberg Tech," Dimon also comments on the federal government shutdown saying "it's not a way to run a railroad." (Source: Bloomberg)
JPMorgan Chase Chair and CEO Jamie Dimon says the company spends $2 billion a year on developing artificial intelligence technology, and saves about the same amount annually from the investment. He speaks during an interview with Tom Mackenzie on “Bloomberg Tech.”
JPMorgan Chase & Co. is leading a roughly $5 billion loan financing to support Qualtrics International Inc.’s purchase of health-care survey firm Press Ganey Forsta, according to people with knowledge of the matter.
South American markets and their emerging economies are giving logistics companies growth opportunities through near-shoring, free-trade zones and rising bulk-export demand. In this Talking Transports podcast, Morten Johansen, DP World Americas’ executive vice president and chief operating officer, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to discuss how the company is positioned to benefit as an end-to-end logistics provider in the region. Many ports
European Central Bank President Christine Lagarde appealed to governments to work toward turning the euro into a truly global currency that will allow the region’s economy to thrive.
Keir Starmer is heading to India with a delegation of more than 100 business, academic and cultural leaders – a centurion of Brits descending on Mumbai touting the benefits of relations between the two countries. It is good timing then that the Anglo-Indian company Jaguar Land Rover will resume production tomorrow following its cyberattack, even though questions should hang in the air about how such a major company could be hobbled for so long… and when, not if, it will happen again.
Oracle Corp. shares tumbled after a report that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street have been estimating.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The woman was confined to her room by clutter, and a Long Island wildlife rehabilitator faces charges. The authorities found everything from cats to voles, many of them in dire conditions.
Union leaders and Democratic lawmakers say the move would run afoul of a law adopted under President Trump’s first term.
A group of songwriters say the British collection agency spends too much on administrative costs
The French president is running out of options but refuses to step aside.
Germany’s government must step up efforts to tackle the economy’s deep-seated problems and increase its growth potential, Bundesbank President Joachim Nagel said.
European officials want to sharply lower the bloc’s quota on tariff-free steel imports, while doubling levies to 50 percent, as President Trump’s tariffs create domino effects.
He led his parents’ appetizing store, Zabar’s, for more than 70 years, turning it into an institution synonymous with New York.
Growing overcapacity, rising steel imports and tariffs from other countries were compounding challenges for the EU steel sector, officials said.
Brian Kaner, President & CEO, Boyd Group Services Inc.; Murray Mullen, Chair, Senior Executive Officer & President, Mullen Group and Ajay Virmani, Founder & Executive Chairman, Cargojet discuss how Canadian companies can protect the flow of goods in an unpredictable global environment with Bloomberg's Monique Mulima at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Oskar Lewnowski, Founder & Group CEO, Orion Resource Partners discusses how the investment firm is positioning itself in a rapidly changing commodities market with Bloomberg's Joe Deaux at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
The UK’s Financial Conduct Authority is facing allegations that its auction process for a bond data project was unfair because of a technical issue and conflict of interest.
Lower-than-expected FCA figure is still expected to be one of the banking industry’s biggest compensation schemes
Gemini Space Station Inc. wiped out gains from its initial public offering within days of its September debut, and analysts are offering only modest support, warning in their initiations of coverage that the crypto company faces increasing competition and a lack of profitability.
Soybean prices ticked up Tuesday on speculation that the prospect of a US farm bailout could help bolster producer finances and stem crop selling.
‘Buy Now, Pay Later’ has built a delirious new culture of consumption — and trapped users in a vortex of debt.
US Attorney General Pam Bondi clashed with Democratic senators on Tuesday during a politically charged oversight hearing in which lawmakers frequently traded partisan barbs over President Donald Trump’s immigration crackdown.
Being mayor of New York City is one of the toughest jobs in politics. One glimpse of how Zohran Mamdani may seek to do it is whom he’s talking to.
A state law limits what can happen to a Confederate statue after it is removed. Valor Memorial, a private park, has become a destination for some.
Bridgewater Associates Founder Ray Dalio talks about the importance of having gold in your portfolio, Federal Reserve monetary policy, challenges facing China and the impact of tariffs on the American economy. He speaks to Bloomberg's Lisa Abramowicz at the Greenwich Economic Forum. (Source: Bloomberg)
The Bank of England plans to grant exemptions to proposed limits on stablecoin holdings by businesses, indicating a softening stance toward cryptoassets amid growing competition from the US.
Nostalgia is not a strategy: the past cannot return
Fund managers are under pressure to deploy capital quickly and risk buying bad assets
Bond markets are losing patience with political paralysis
Lightspark CEO David Marcus says Bitcoin is severely undervalued when compared to gold. He says the currency is the "internet of money." He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Children under 12 need different versions of Covid vaccines, but many pharmacies and pediatricians’ offices aren’t stocking them.
Change in residence from the UK was disclosed in a Companies House filing
The precious metal has ​surged more than 50% this year, ​reflecting a flight to alternative assets ​amid concern​s about the U.S. economy’s outlook.
Tropical Storm Jerry formed in the Atlantic east of the Caribbean, becoming the 10th system in the 2025 hurricane season.
Federal Reserve Governor Stephen Miran cites housing for his more "sanguine" view on inflation compared to his colleagues during the MFA Policy Outlook 2025 event in New York. (Source: Bloomberg)
Richard McGuire, head of rates strategy at Rabobank, has left the Dutch lender, according to a spokesperson for the bank.
Senior creditors including Elliott and Apollo presented their final proposal to take over the struggling UK utility
Ireland will reduce the rate of tax on investment in funds products from 41% to 38%, Finance Minister Paschal Donohoe announced during the budget Tuesday.
Consumers see higher inflation in the year ahead, with signs that lower and middle-income households are feeling most of the burden of rising price pressures, according to a monthly survey from the Federal Reserve Bank of New York.
Jersey City Mayor Steven Fulop has been named the next chief executive officer of the Partnership for New York City, the influential trade group representing banks, real estate companies, law firms and other large employers.
Scott Burrows, President & CEO, Pembina Pipeline Corporation; Eileen Marikar, Senior Vice President & Chief Financial Officer, Keyera Corp and Vern Yu, President & CEO, AltaGas Ltd discuss the role pipelines and midstream infrastructure play in Canada's economic future with Bloomberg's Joe Ryan at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Jim Jarrell, CEO & President, Linamar Corporation; Paul Soubry, President & CEO, NFI Group, Inc. and Rob Wildeboer, Executive Chairman & Co-Founder, Martinrea International Inc. discuss Canadian manufacturing's pivotal moment and what's driving growth across the sector with Bloomberg's Melissa Shin at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
The Czech Republic’s next government may need to increase the budget deficit as the outgoing administration planned insufficient funding for a range of spending priorities, according to the winner of last weekend’s parliamentary election.
Louis G. Véronneau, Chief Operating Officer, AtkinsRéalis discusses infrastructure upgrades to meet present and future demands with Bloomberg's Derek DeCloet at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
A surge in Ukrainian drone attacks on Russia’s oil refineries has cut processing crude at home and led to a surge in Moscow’s crude exports.
The Federal Deposit Insurance Corp. unveiled a plan to narrow the way examiners can issue warnings to lenders, saying it wanted to refocus bank supervision on core financial risks.
Aida Cipolla, Chief Financial Officer & Chief Administrative Officer, Ontario Power Generation and David Timm, Global Head of Public Affairs, Government Affairs, Northland Power discuss how Canada can play a leading role in the global energy landscape with Bloomberg's Naureen Malik at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Stéfane Marion, Executive Vice President & Managing Director Financial Markets, Chief Economist & Strategist, National Bank of Canada discusses the country's economic outlook with Bloomberg's Erik Hertzberg at the 2025 Bloomberg Canadian Finance Conference in New York. (Source: Bloomberg)
Micron’s getting a big vote of confidence from Morgan Stanley. The stock was upgraded to a buy with a $220 price target and forecasts for double-digit price gains ahead. The analyst behind the upgrade — Joseph Moore, Morgan Stanley’s Senior Semiconductor Analyst, joined Bloomberg Open Interest to talk about his call. (Source: Bloomberg)
BlackRock Inc. is known the world over for its ETF suite, with funds spanning all manner of industries and themes going back nearly two decades. But one of its newest offerings is its most profitable.
US electric companies will spend almost $208 billion in 2025 and more than $1.1 trillion over the next five years, according to industry group Edison Electric Institute.
George Klavdianos, a senior credit portfolio manager at Millennium Management has left the firm, people with knowledge of the matter said.
BlackRock Inc., the world’s largest money manager with more than $12.5 trillion in client assets, is expanding its empire to stake a bigger claim in the artificial-intelligence boom and the energy markets fueling it.
Zak Brown accused of stringing along Indycar star in $20.7mn High Court battle brought by team over alleged breach of contract
IBM rises on the announcement that the technology company will integrate Anthropic AI's Claude its software. (Source: Bloomberg)
India’s Prime Minister Narendra Modi and Russia’s President Vladimir Putin reaffirmed their commitment to further deepen the “special and privileged strategic partnership” between the two countries, according to a statement from the South Asian nation’s government.
Chevron Corp. appointed Kevin McLachlan from TotalEnergies SE to lead its global exploration team, which is undergoing a revamp after several high-profile failed attempts at discovering oil and gas.
Ares Management co-President Kipp deVeer discussed his firm’s approach to AI investment, client access to alternatives, expectations for rate cuts from the Federal Reserve, and his fears over a reignition of inflation. He spoke with Lisa Abramowicz on the sidelines of the Greenwich Economic Forum on Tuesday.
Bridgewater Associates Founder Ray Dalio says gold should make up about 15% of investment portfolios. He says the metal is an excellent portfolio diversifier. He speaks to Bloomberg's Lisa Abramowicz at the Greenwich Economic Forum. (Source: Bloomberg)
In the two years since Hamas militants attacked Israel, we’ve interviewed more than 700 people in Gaza. Their stories stayed with us. So we tried to find them again.
Dell Technologies raised its long-term financial targets, citing its ability to capitalize on surging demand for artificial intelligence.
Iris Stalzer, the incoming mayor of Herdecke, was found stabbed in her home on Tuesday, officials said. It was initially unclear whether it had been a targeted attack.
Bridgewater Associates Founder Ray Dalio says the picture on cutting interest in the US right now is "slightly mixed." He explains to Bloomberg's Lisa Abramowicz at the Greenwich Economic Forum. (Source: Bloomberg)
Novels by Karen Russell and Bryan Washington are among those vying for the award in fiction, while books about Gaza, foster care and women in Russia are up for the nonfiction prize.
Connecticut Governor Ned Lamont sits down with Lisa Abramowicz to discuss Connecticut's position in the business community, covering key funding for Connecticut residents amid the current government shutdown and the future of the democratic party. (Source: Bloomberg)
This week will show whether President Trump’s optimism about a deal to end the war in Gaza can survive the realities that have undermined many past attempts.
Bloomberg’s Cameron Crise discusses the inflation-adjusted price of gold and the remarkably steady equity rally of the early dot-com years, which may serve as a model for AI.
US stocks crept higher on Tuesday to trade at record levels following their best winning streak since May. Investors are looking past the government shutdown, which is entering a seventh day, as announcements tied to artificial intelligence continued to propel technology shares higher.
Acetaminophen’s link to autism is unproven. But hundreds of Americans accidentally overdose on the drug each year, suffering liver damage that can require a transplant or even be fatal.
New York Stock Exchange owner Intercontinental Exchange Inc. plans to invest as much as $2 billion in cash in crypto-based betting platform Polymarket, valuing the company at roughly $8 billion. Sally Bakewell reports on Bloomberg Television.
The World Trade Organization said trade growth had proved more resilient in 2025 than expected, but would slow next year as result of President Trump’s tariffs.
Ukraine said it will have to ramp up natural gas imports by almost a third after Russia intensified attacks against key energy infrastructure.
A trader embroiled in a dispute with his former employer over $6 million in unpaid bonuses said he’d have been “insulted” if he wasn’t named in a subpoena related to a US block trading probe.
Connecticut Governor Ned Lamont said he’s a “little bit” worried about the potential impact on his state should fellow Democrat Zohran Mamdani win the mayor’s race in New York City and follow through on his agenda.
On the latest episode of The Deal with Alex Rodriguez and Jason Kelly, the former New York Giant says his road to Wall Street began almost as soon as he turned pro.
The precious metal has gained roughly 50% over the past 12 months at a time of heightened concern about the dollar.
CVC Capital Partners is in talks with private credit lenders to finance a dividend recapitalization of Swiss software business WebPros, according to people with knowledge of the matter.
Spending can be rolled over but this would prevent measures to tackle France’s worrying public deficit
The country recorded a merchandise-trade shortfall of about $4.53 billion in August.
The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. to help secure critical energy and mining projects in Alaska. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Global trade in goods will increase more rapidly than previously expected this year as purchases of goods related to artificial intelligence surge and a buildup in inventories in the U.S. softens the impact of higher tariffs, the World Trade Organization said.
Hungary’s central bank affirmed its preference for tight monetary conditions and a stable currency after a push by Prime Minister Viktor Orban’s government to lower interest rates sank the forint.
Steve Witkoff and Jared Kushner, both architects of President Trump’s plan to end the war, are expected to join mediation efforts between Israel and Hamas.
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.For an organization that began as the European Coal and Steel community in the early 1950s, it seems apt that the EU is flexing its trade muscles over steel.
Kering SA shares soared to the highest level in almost 15 months after Morgan Stanley analysts crowned the Gucci owner as their top pick among European luxury stocks.
The growth of global goods trade is expected to slow sharply next year after a surprisingly resilient first half of 2025, reflecting a delayed drag on international commerce from US President Donald Trump’s tariffs, the World Trade Organization said.
Just over 24 hours after resigning, the French Prime Minister Sebastien Lecornu remains in office, having been asked by President Emmanuel Macron to continue negotiating with the opposition for 48 hours, in an effort to agree a budget. Macron has bought himself time to work out his next steps, which could include fresh legislative elections. French bonds extended their losses as the uncertainty continues. In the US, President Trump opened the door to negotiations on health care with the Democrats, on condition that the government shutdown ends. Donald Trump also announced that 25% tariffs on medium and heavy duty trucks will kick from November 1. Today's guests: David Zahn, Franklin Templeton; Noor Sweid, Global Ventures; Conni Jonsson & Jean Eric Salata, EQT; Vishal Marria, Quantexa. (Source: Bloomberg)
Brazil’s government is studying the feasibility of offering free public transportation nationwide, Finance Minister Fernando Haddad said on Tuesday, stoking fiscal concerns that sent the real tumbling.
South32 has agreed to sell roughly $17.8 million of stock in Trilogy Metals to the Defense Department as part of a deal for the U.S. to take a 10% stake in the Canadian mineral-exploration company.
Quantexa Founder & CEO Vishal Marria speaks with Bloomberg's Tom Mackenzie at the JPMorgan Tech Stars Conference in London. (Source: Bloomberg)
Nigel Farage was alarmed and appalled after a TikTok influencer threatened to kill the Reform UK party leader and marry his sister, he said at the London trial of a man over the death threats.
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.Donald Trump’s assertion that White Afrikaners are being subject to a genocide in South Africa has thrust the small ethnic group onto the global stage.
Ireland expects its budget surplus to drop by half in 2026, an unwelcome outlook for the government as it tries to fend off global trade shocks that could have an outsized impact on the US multinational-dominated economy.
Skeptics of a recent investment spree involving OpenAI and others say deals raise questions about the robustness of the artificial intelligence boom.
BGN Group has hired former Trafigura Group executive Claire Blanchelande as its global head of metals, the company said in a press release on Tuesday, marking the energy firm’s latest push into the sector.
French President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, until Wednesday night to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis. Macron's options include appointing a new prime minister, calling a parliamentary election, or resigning, with opposition groups clamoring for fresh legislative elections. French-German bond spreads are widening. A prolonged US government shutdown, upheaval in France and leadership change in Japan have all driven gold higher in the latest surge. Spot prices have risen about 50% this year, on track for the biggest annual gain since 1979. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Sweden's EQT, one of the world's biggest private equity firms, has unveiled its succession plan. Jean Eric Salata will succeed founder Conni Jonsson as chair at the next shareholder meeting in May. Salata is EQT's current Asia chief, and his appointment highlights the firm's deepening commitment to Asia. Jonsson and Salata join Bloomberg's Guy Johnson on 'The Pulse with Francine Lacqua' for an exclusive conversation. (Source: Bloomberg)
Top UK security officials will face questions over an aborted China spying case brought by its chief prosecutor, which collapsed at the same time that it is seeking to rebuild economic ties with the country.
Seven-figure salaries await those who manage the fortunes of the ultra-rich — if they're lucky enough to be based in the US.
Powering brands to boost customer acquisition, retention and monetization by effectively leveraging consumer data is Zeta Global’s core mission. In this Tech Disruptors podcast episode, Zeta CEO and cofounder of David Steinberg speaks with Bloomberg Intelligence analyst Niraj Patel about the company’s evolution and its key differentiator: being a data- and AI-native platform. He also delves into Zeta’s AI agents, the transformation of marketing communication channels and the company’s ambitious
Apollo, Northwestern Mutual, Pantera Capital and Stillmark are joining Bain Capital and crypto investor Haun Ventures to back the Bitcoin life insurance firm Meanwhile in a $82 million funding round.
Arabica coffee declined for a second day in New York, as rain forecast in Brazil eased concerns about the impact of recent dry weather on the top grower’s crop for next season.
Global Ventures Founder and Managing Partner Noor Sweid speaks with Bloomberg's Tom Mackenzie at the JPMorgan Tech Stars Conference in London. (Source: Bloomberg)
Wait-times for some models now stretch all the way to the end of the decade, spelling trouble for LNG shippers to the region.
It’s almost old hat to the market by now. Take a struggling company, cut a deal with the US government, sealed with the approval of President Donald Trump, sit back and watch the stock take off.
The European Union has proposed restrictions on three firms that have provided fake flags to sanctioned oil tankers in Russia’s shadow fleet, according to documents seen by Bloomberg.
Rising investor appetite for digital infrastructure, energy and transportation assets boosted fundraising for Manulife Investment Management, which closed its largest-ever infrastructure fund with $5.5 billion.
European Union industry commissioner Stephane Sejourne says only 10% of steel used in the EU will come from outside tariff-free, under new protections meant to revive local producers. The limits are part of a broader plan that imposes 50% levies — double the current rate — on all steel imports above a certain quota. "We remain open, but in the meantime, we're going to protect our markets," Sejourne tells Bloomberg Television during an exclusive interview. (Source: Bloomberg)
MMC Port Holdings Sdn. is postponing its planned initial public offering to next year as it seeks to include its full-year results to bolster valuation, according to people familiar with the matter.
Aurubis AG, Europe’s largest copper producer, plans to raise the premium it charges to deliver metal to regional customers by nearly 40% next year, according to a person familiar with the matter.
Bank of New York Mellon Corp. is exploring tokenized deposits to enable clients to make payments using blockchain, as major banks across the world step up use of the technology underpinning digital assets to transfer funds.
The extra yield investors demand to own dollar bonds of emerging market sovereigns rather than US Treasuries has shrunk to the least in seven years — and the rally is set to run further.
Investors are excited about OpenAI’s expansion driving big gains in technology stocks, but a rising number of Wall Street pros fear that the wild pops that add tens of billions of dollars in value in mere minutes are signaling an unhealthy market reminiscent of the dot-com era.
Billionaire Ray Dalio is taking a cue from legendary explorer Jacques Cousteau and embarking on a mission to survey the deep seas.
JPMorgan Chase & Co. was hit with $115 million in lawyers’ bills for Charlie Javice and a second executive convicted of defrauding the bank, yet another twist in a years-long legal saga that’s captivated Wall Street.
The world’s renewable capacity is still expected to double over the next five years, driven by solar power.
Despite the president’s claims, the South American country is nowhere close to being the US’s biggest drug supplier
Uzbekistan’s Navoi Mining & Metallurgical Co., which is considering a potential London listing, plans to boost output by 30% over the next five years, strengthening its position among the world’s leading gold producers.
Edward Yardeni, president at Yardeni Research, explains why he sees the market getting into bubble territory, but says the earnings are there “to continue to drive this bull market higher.” (Source: Bloomberg)
Today, we look at how Trump melds his politics with his role as head of the armed forces.
Good morning. Gold glitters as global political uncertainty leaves investors looking for haven assets. Tesla plans to unveil a cheaper version of the Model Y today. And Ray Dalio puts some of his billions to good use in the Indian Ocean. Listen to the day’s top stories.
The rocket ride in AI stocks is reviving dot-com memories.
Tesla Inc. is planning to unveil a cheaper version of the Model Y on Tuesday, following through on assurances it will have a more affordable vehicle to counter the loss of the up to $7,500 federal tax credit for electric vehicles that the US stopped offering as of this month. Eric Pfanner reports on Bloomberg Television.
France further cut its estimate for this year’s wine production, putting output below 2024’s historically low level, after summer heat waves and wildfires hit vineyards.
Institutional appetite for high-beta asset classes continues to endure yet traditional safe havens are not behaving as they should. Fabio Natalucci, CEO of the Andersen Institute for Finance & Economics, joins Bloomberg Intelligence Chief Emerging Market Fixed Income Strategist Damian Sassower to discuss investor positioning and risk sentiment ahead of the World Bank and International Monetary Fund’s 2025 Annual Meetings. Natalucci and Sassower touch on issues ranging from global trade and g
The choice signals that Pope Leo XIV aims to press for peace in the Middle East and show support for Christians in the region.
Oman’s state-owned commodities trading firm plans to grow its liquefied natural gas business from a fraction of its portfolio to one of its biggest fuels through domestic and international deals.
Surge in crude shipments coincides with a slump in Russian refinery runs
Hoegh Autoliners ASA shares slid the most since April after the car-shipping company warned of weaker trade balances and said a threat from proposed US port fees on vessels could raise costs.
Goldman Sachs Group Inc. and Citigroup Inc. are split on the outlook for French bonds given differing views on how much the market has factored in the chances of new elections.
France’s outgoing prime minister, Sebastien Lecornu, said the budget and the overseas territory of New Caledonia are the priorities in crisis talks that aim to restore political stability after his resignation on Monday.
Plus, a new way to fight robocalls.
Stores risk having to discount excess inventory if shoppers pull back on spending.
Brands are terrified of messing up their relationships with the youngest adult consumers. A new kind of company is here to help.
The AI startup and enterprise tech giant team up to make Anthropic’s Claude models available to developers on IBM’s software.
US Treasury Secretary Scott Bessent has said sweeping away the extensive regulatory burdens hampering domestic manufacturing is an “unheralded” part of Donald Trump’s agenda that would start paying dividends in the third quarter that just ended last week.
The investment from Intercontinental Exchange could help the popular prediction market re-enter the U.S.
US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup Inc. strategists.
The prize was awarded to John Clarke, Michel H. Devoret and John M. Martinis.
Fred Ramsdell found out about his Nobel Prize nearly 12 hours after it was announced because he was on vacation in the Rockies.
Fred Ramsdell found out about his Nobel Prize nearly 12 hours after it was announced because he was on vacation in the Rockies.
Wildfire smoke, lead paint and other environmental toxins are health hazards for animals, too.
First it was a $400-million stake in MP Materials Corp., a little-known miner of rare-earth materials. Next, a $10 billion investment in embattled chipmaker Intel Corp. Then another slug of shares in Lithium Americas Corp., which has aspirations of producing lithium in the US.
TSA updates have helped it rival Clear’s membership-based verification service, while Clear aims to further cut waits with new technology.
Loyal depositors, not just size, are key to an effective defense.
Borrowers from Saudi Arabia’s sovereign wealth fund to French energy firm Engie SA are turning to Europe for green funding as the market enjoys its busiest spell in nearly 18 months.
Chemicals giant Ineos Group is cutting 60 jobs — about 20% of the workforce — at a plant in Hull, England due to high energy costs and cheap imports from China.
Tata-owned carmaker agrees new financing scheme to ease cash crunch for suppliers hit by shutdown
The court’s ruling in the Colorado case will have implications for more than 20 other states with similar laws.
The president’s claims about cities don’t hold up.
President Trump on Tuesday is hosting Prime Minister Mark Carney of Canada, who is seeking relief from U.S. tariffs. Few people expect any major concessions.
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
Here are five lessons for cities in the president’s sights, like Chicago and Memphis, drawn from the one city targeted by Mr. Trump in his first term, Portland, Ore.
Political tensions remain high between the United States and Canada, making this a striking moment for the Toronto Blue Jays to be dominating the New York Yankees in October.
Despite some rude provocations, he outlined a nuanced vision of the military.
More than a dozen candidates are vying to represent the state’s Seventh Congressional District, which includes part of Nashville but was redrawn to favor Republicans.
More than a dozen candidates are vying to represent the state’s Seventh Congressional District, which includes part of Nashville but was redrawn to favor Republicans.
Three years ago, E.J. Lagasse took over his father’s New Orleans flagship restaurant and made it an enchanting tasting-menu experience.
George Steinbrenner’s theater-loving granddaughter Haley Swindal is taking a big swing with a revival of the musical, slightly retooled for a new generation.
In an escalating cat-and-mouse game, job hunters are trying to fool A.I. into moving their applications to the top of the pile with embedded instructions.
Scientists are searching for the secret in Doug Whitney’s biology that has protected him from dementia, hoping it could lead to ways to treat or prevent Alzheimer’s for many other people.
BlackRock Inc. says European corporate bonds stand out as one of the most compelling opportunities in global credit, with yields near 3% offering a rare source of relatively safe income.
As more young people identify as transgender, a fight has re-emerged over therapy that questions their gender identities.
Carlyle Group, the investment manager whose portfolio companies employ more than 700,000 people globally, is stepping into the economic data void left by the US government shutdown with a grim read on the labor market.
JPMorgan Co-Head of Tech Investment Banking in EMEA Matt Gehl speaks with Bloomberg's Tom Mackenzie at the JPMorgan Tech Stars Conference in London. (Source: Bloomberg)
Carmignac Gestion Investment Committee Member Kevin Thozet discusses the implications of the French political crisis following Prime Minister Sebastien Lecornu's resignations on the bond market. "If nothing is done by 2027, the first line of spending for the French government will not be education, it will be debt servicing," Thozet tells Bloomberg Television. He also talks about economic growth, saying it's expected to be "below potential" this and next year, while funding costs are expected to grow. (Source: Bloomberg)
The euro is showing early signs of strain, with investors paring upside exposure as political uncertainty spikes in France.
The US Federal Reserve is likely to resort to quantitative easing if there is a crash in risk assets such as equities, said the former investment chief of Singapore’s wealth fund.
Thai companies are set to ramp up bond sales this month to raise funds amid easing pressure on borrowing costs and improved political stability, according to the Thai Bond Market Association.
Saudi Arabia’s sovereign wealth fund is in the market with its first euro-denominated bond, extending the kingdom’s debt push to finance its economic transformation plans.
UBS Group AG is sounding out investors for a potential significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as the Swiss bank explores ways to mitigate strict capital requirements being imposed by its main regulator.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. (Source: Bloomberg)
Brookfield-backed Clean Max Enviro Energy Solutions Ltd. is planning to launch its 52 billion rupees ($586 million) initial public offering as early as November, according to people familiar with the matter.
S&P 500 and Nasdaq are coming off new records following OpenAI-AMD deal
The forint sank after Hungarian Prime Minister Viktor Orban’s government raised pressure on the central bank to cut interest rates and help kickstart an ailing economy six months out from elections.
Botswana said an unprecedented ad-hoc diamond auction late last month — in which it didn’t sell any gems because the reserve price wasn’t met — wasn’t an “emergency sale.”
Anna Edwards, Guy Johnson, Kriti Gupta and Morwenna Coniam break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
India has introduced real-time foreign exchange settlement operations at the Gujarat International Finance Tec-City, a move aimed at making the flagship international financial hub more attractive to global investors.
B&M European Value Retail SA plummeted after the UK discount retailer warned on profit and said it may take as long as 18 months to fix all the company’s “operational weaknesses.”
Elise Badoy, head of EMEA research at Citigroup, discusses the outlook for equities and artificial intelligence-driven tech earnings. "We expect actually a much more broad-based growth and I think AI is a theme that plays into that," Badoy tells Bloomberg Television. (Source: Bloomberg)
Shadow justice secretary is widely seen as the favourite to challenge Conservative leader Kemi Badenoch
Former prime minister Edouard Philippe urges president to bring forward 2027 elections
French President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, 48 hours to negotiate with the country’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis. Amar Bashir, Head of Fixed Income, Wealthbrix Capital Partners told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche Fixed Income investors are now watching their next move. (Source: Bloomberg)
As the war in Gaza hits the two-year mark, indirect talks between Israel and Hamas have begun in Egypt. Yasmine Farouk, Gulf & Arabian Peninsula Project Director, International Crisis Group spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the likelihood of the Gaza peace plan being accepted by the two sides. (Source: Bloomberg)
The second anniversary of the Oct. 7 attacks comes with peace talks underway, but with hostages still in Gaza, more than 67,000 Palestinians dead and Israel more isolated than ever before.
Malaysian bonds posted their largest foreign outflows in 11 months, weighed down by fading expectations of interest-rate cuts and a wall of maturities.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Imperial Brands Plc plans a £1.45 billion ($1.9 billion) share buyback and said it is on track to meet its full-year targets.
European stocks were muted on Tuesday, as investors looked for updates on the growing political crisis in France. Shell Plc gained as it signaled a rebound in energy trading.
Angola will proceed with a eurobond offering, with an announcement on the sale to be made later on Tuesday, a government official said.
There has been little evidence that Mayor Eric Adams’s decision to end his re-election bid has had a major effect on Andrew Cuomo’s bid to attract donors or voters.
A better understanding of how pollution affects pets could benefit humans and animals alike.
A dry spell in Australia is taking the edge off of a bumper wheat harvest, trimming supplies from one of the world’s largest exporters.
Orders sank for the fourth straight month in August as tariff uncertainty over the summer damped international bookings.
PT Garuda Indonesia expects to raise as much as $1.44 billion in cash from the nation’s sovereign wealth fund to put the distressed state-owned carrier on firmer financial footing.
Kimmel is keeping the results of a new poll in perspective: “At this point, finding a toenail in your salad has a seven-point lead over Donald Trump.”
Cricket stars including England’s Test captain Ben Stokes and fast bowler Jofra Archer were among participants in a $4.5 million seed funding round for a startup that helps people in the UK get medical treatment in India.
Banco Sabadell SA is asking Spain’s securities market supervisor to demand extra disclosures from certain investors who accept BBVA SA’s €16.8 billion ($19.7 billion) offer to acquire it.
US President Donald Trump, speaking to reporters at the White House on Monday, said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week. Bloomberg's Kriti Gupta reports. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
French President Emmanuel Macron gave his outgoing prime minister Sebastien Lecornu 48 hours to negotiate with the nation’s political parties in an effort to prevent the country from falling deeper into crisis. Lecornu unexpectedly resigned early Monday, blaming the intransigence of political groups for their failure to agree to a new cabinet. Bloomberg’s Caroline Connan reports.
Good morning. Emmanuel Macron gives outgoing Prime Minister Sebastien Lecornu 48 hours to negotiate with France’s parties. One billionaire is sounding cautious about the surge in gold prices. And Pope Leo is clipping the powers of the Vatican Bank. Listen to the day’s top stories.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
The only viable path to a Palestinian state is an end to the fantasy of Israel’s destruction.
Verdalia Bioenergy, a biomethane firm backed by Goldman Sachs Group Inc., has raised €671 million ($785 million) of debt from a large banking consortium to fund projects across Spain and Italy.
Igneo Infrastructure Partners has agreed to sell New Zealand energy assets including the Firstgas transmission and distribution business to infrastructure investor Brookfield.
The dumpling restaurant was started in Taiwan half a century ago. Now there are 17 always-packed locations in the US, including one in Disneyland.
The record-fast collapse of yet another government confronts President Emmanuel Macron and his country with an intensifying crisis.
Gallery with branches in Mayfair and Somerset blames decline on ‘lower secondary-market sales’
Partners including Nvidia, AMD and Oracle have signed up to Sam Altman’s huge bet on the future of artificial intelligence
Intelligence agencies say sabotage operations are often led by spies posing as diplomats
Amid rising antisemitism at home, our lifeboat abroad seems less attractive
Connect system uses multiple sources of information to spot cases of underpayment
‘Stars are finally aligning’ for EM assets, as weakening US dollar sends investors in search of yield
The Bank of England must acknowledge the priority of reviving investment-led growth and stop quantitative tightening
Hoping to help grid operators adapt to changes buffeting the power markets, TotalEnergies is assembling a portfolio of battery farms and natural-gas-fired power plants.
The UK government gave the automaker a backstop after a major hack, which experts warn could set a risky precedent.
Some Israelis want Hamas footage of captives censored. Evyatar David’s family wants the world to see his suffering
A renewed push for economic growth has added to technological challenges and problems with carbon offset schemes
With less than two months left to finalize her plans for patching up the UK’s multi-billion-pound budgetary black hole, Chancellor of the Exchequer Rachel Reeves is set to get help from an unlikely quarter: inflation.
Emily Damari spent 471 days in captivity in Gaza. Since being released, Ms. Damari, a British Israeli, has become a symbol of resilience and a voice for the release of all remaining hostages held by Hamas. Avishag Shar-Yashuv, a photographer for The New York Times, has been following Ms. Damari’s journey.
Australia’s communications minister has summoned the country’s three major mobile network providers following a series of outages, including failures in the emergency 000 call system run by Optus, a subsidiary of Singapore’s Singtel. Helen Bird of Swinburne University discusses key reforms needed on oversight and transparency in the telco sector on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Japan’s 30-year government bond auction drew a stronger demand ratio than its 12-month average, easing investor concerns following the surprise victory of pro-stimulus conservative Sanae Takaichi in the ruling party leadership race.
Anthony Armstrong will take over financial management for both the AI group and social media platform X
A joint venture in Singapore backed by Warburg Pincus LLC and Australian developer Lendlease Corp. is exiting part of a portfolio of industrial and logistics assets just over a year after acquiring them.
Tracy Chen of Brandywine Global says she thinks the markets have overreacted to Sanae Takaichi's win in the LDP leadership race. Chen discusses her views on the Japanese yen and government bonds on Bloomberg Television. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Indonesia’s foreign-exchange reserves fell to the lowest in more than a year as the central bank stepped up its efforts to defend the weakening rupiah.
The planned Fannie Mae and Freddie Mac offering is prompting one of the strangest “bake-offs” ever.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Under new guidelines, journalists will not need approval from the Defense Department before publishing articles containing information not officially released.
Copper rose as investors focused on the outlook for Federal Reserve interest rates amid a US government shutdown.
LG Electronics Inc.’s Indian unit is set to start taking orders for its $1.3 billion initial public offering, joining Tata Capital Ltd. to launch deals in what could be a record month for new listings in the country.
The president said he would invoke emergency powers to deploy the National Guard if “people were being killed, and courts were holding us up.”
Philippine inflation quickened in September but stayed below the central bank’s target range, giving monetary authorities space to reduce the benchmark interest rate further this year.
A once-popular currency trade betting against the yen looks set to make a comeback, as Sanae Takaichi’s near-certain elevation to Japan’s premiership raises the prospect of slower interest-rate hikes.
The war in Gaza has spurred a global backlash that threatens Israel’s long-term prospects.
The delays came just hours after the transportation secretary warned that flying could be disrupted by the government shutdown.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Jim Kessler, Third Way Executive Vice President for Policy, discusses President Trump stating he is talking to Democrats about health care suggesting this conversation might help the shutdown not last long. Jane Harman, Former US Rep. (D-CA) talks about the latest on Israel, Hamas talks. Rep. Tom Emmer (R-MN) talks about why he blames Senator Schumer for the shutdown and if federal layoffs and furloughs will happen soon. (Source: Bloomberg)
A large part of yen selling Monday was macro hedge funds closing bullish bets, referred to as “squaring up,” rather than establishing new bearish ones, according to traders from Nomura International and Citigroup Inc.
Megyn Kelly knows which way the winds are blowing.
Shares of Figma jumped on the news that design software will be integrated into ChatGPT during OpenAI’s Dev Day. Figma CEO Dylan Field sat down with Bloomberg’s Ed Ludlow to discuss the collaboration between the two companies and how it will impact users. (Source: Bloomberg)
Using found footage and toying with dimensions (2-D could seem like dazzling 3-D), he sought to explode cinema’s traditional boundaries.
A pivot from videogames to data centers—and a new deal with OpenAI—has the chip designer on the road to a $1 trillion valuation.
Elliott Investment Management has approached several Japanese companies about buying their shares in Sumitomo Realty & Development Co., according to people familiar with the matter, as the investment firm seeks to ramp up pressure on the real estate developer to boost value.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Monroe Capital’s Ted Koenig, Council of Economic Advisers’ Jared Bernstein, Yale University’s Gautam Mukunda, OpenAI’s Brad Lightcap, Principal Asset Management’s Seema Shah, IMF’s Tobias Adrian, Kearney’s Katherine Black. (Source: Bloomberg)
On Sunday, three contestants were crowned winners of the inaugural, government-run “Mexico Sings” competition, meant to promote songs that aren’t about drug cartels or violence.
Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion ($156 billion) fund.
Oil steadied after a two-day advance after OPEC+ agreed on a modest supply quota increase, with traders also parsing signals from lower-than-expected Saudi prices.
Jared Bernstein, former Chair of the Council of Economic Advisers under President Biden, says public opinion will play a key role in how long the shutdown lasts, with Democrats faring better so far. He speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
Experts reassessed the damage from a tornado that left three people dead in June, and gave it the strongest possible rating on the tornado scale.
Vinci Compass Investments Ltd. is acquiring a controlling stake in Verde Asset Management, the Brazilian asset manager home to the Verde fund launched by Luis Stuhlberger almost three decades ago, in a deal that underscores shifting dynamics across the local hedge fund industry.
Tobias Adrian, the IMF’s Financial Counsellor and Director of the Monetary and Capital Markets Department, says countries that make the right policy choices are seeing stronger stability and growth, while others are falling behind. He tells Romaine Bostick and Katie Greifeld on “The Close” that robust policy frameworks are key. (Source: Bloomberg)
Brad Lightcap, OpenAI COO, says the partnership with AMD will help OpenAI build agents in a more visual way and create useful tools for developers. He speaks with Ed Ludlow on “The Close” from San Francisco. (Source: Bloomberg)
As Malaysia’s Prime Minister Anwar Ibrahim prepares to unveil the nation’s spending plan for next year, investors are keen to see a balance between fiscal prudence and the need to support the trade-reliant economy in the face of US tariffs.
The Novelis plant supplies about 40% of aluminum sheet used in the auto industry.
Australian consumer confidence fell last week as the Reserve Bank of Australia left interest rates on hold and signaled that the inflation outlook might limit further cuts.
By sending troops to U.S. cities that are not in active crisis, President Trump is breaking with military tradition. Helene Cooper, who covers national security issues for The New York Times, compares his recent actions with earlier domestic military deployments.
Gold clinched a fresh record — pushing closer to $4,000 an ounce — as the US government shutdown added another layer of uncertainty over the Federal Reserve’s interest-rate path before a gathering of policymakers later this month.
Warning to use 19th century law comes as president faces legal setbacks in efforts to put soldiers on streets of US cities
The Financial Policy Committee will set debt-to-income and loan-to-value ratios for banks, thus giving it enormous power over the country’s housing sector.
Citadel’s Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to the billionaire investor. “We’re seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-a-vis US sovereign risk,” Griffin said in an interview with Bloomberg’s Francine Lacqua on Monday. The lingering federal government shutdown and the prospect of potential rate cuts helped propel the precious metal on Monday to a record. This year, investors have been betting more on gold, silver and Bitcoin, in what’s been called the “debasement trade.” The US is seeing fiscal and monetary stimulus that’s more akin to what normally happens during a recession, which is stoking markets, Griffin said. “We’re definitely on a bit of a sugar high in the US economy right now,” Griffin said. (Source: Bloomberg)
Citadel CEO Ken Griffin says investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to him. He speaks with Bloomberg’s Francine Lacqua at the Citadel Future of Global Markets Conference in New York.
Parents are standing guard at schools. Some restaurants have stopped delivering food or simply closed. “Every single person who looks brown is scared,” a lawyer said.
President Trump made major inroads with Latino voters last year. Whether they stick with Republicans in the midterms is a crucial question.
Rio Tinto Group and partners Mitsui & Co. and Nippon Steel Corp. will spend $733 million on developing new iron ore mines in the Pilbara region of Western Australia to sustain output from the West Angelas hub.
As Republicans try to pin blame for shutdown damage on Democrats, they are hailing a federal bureaucracy they normally bash as wasteful and overreaching.
Stocks in Asia look set for a positive open after Advanced Micro Devices Inc.’s blockbuster deal with OpenAI helped fuel a rally in chipmakers that sent US shares to all-time highs. The dollar rose, while the yen held its biggest drop in almost five months.
Rep. Tom Emmer (R-MN) shares his views on President Trump speaking with Congressional Democrats about health care and states that the government needs to be reopened first and then negotiations can happen. Rep. Emmer talks about why he blames Senator Schumer for the shutdown and if federal layoffs and furloughs will happen soon if the Senate fails to pass their most recent vote on shutdown funding bills. Representative Emmer speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
In the tunnels of Gaza where she was held captive, Emily Damari learned how to survive. These photos show her learning to be alive again.
Good morning, it’s Angus here in Sydney. Here’s what you need to know on this Tuesday morning, following a blockbuster AI infrastructure deal in the US.Today’s must-reads:• Cboe gets Australia listing nod• The outlook for interest rates worldwide• Gold to be Australia’s second-biggest earner
The move paves the way for a possible military escalation against drug traffickers or the government of Nicolás Maduro.
Traders are bracing for an auction of 30-year government bonds in Japan after pro-stimulus conservative Sanae Takaichi’s surprise victory in the ruling party leadership race sent shock waves through the nation’s debt markets.
OpenAI bets on AMD chips as an alternative to Nvidia. That’s good news for competition.
Sanae Takaichi is a hawk on China but a muddle on economics.
Alex Rodriguez and Jason Kelly sit with Super Bowl winner and Goldman Sachs Managing Director Justin Tuck about the pressure of playing in New York and his transition from football to finance. (Source: Bloomberg)
Legislative gridlock and a budget crisis topple another Prime Minister.
Also, Gaza peace talks took place in Egypt. Here’s the latest at the end of Monday.
New Zealand businesses were less optimistic in the third quarter, raising the risk of another recession and deeper interest-rate cuts from the central bank.
Judge denies bankruptcy exit proposal for Stoli’s U.S. arm because of declining value of bourbon in the market downturn.
Jim Kessler, Third Way Executive Vice President for Policy, discusses President Trump stating he is talking to Democrats about health care suggesting this conversation might help the shutdown not last long. Kessler also talks about whether or not the Trump Administration will conduct mass layoffs and the political future of Senator Chuck Schumer (D-NY). He speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
The emergency order is the latest turn in a longstanding legal dispute between the tech giant and the creator of the popular game Fortnite.
Cboe Global Markets Inc received regulatory approval to conduct sharemarket listings in Australia, bringing it closer to challenging the nation’s embattled main exchange operator ASX Ltd.
Citadel CEO Ken Griffin says "neither party is stepping up to the plate" when answering a question from Bloomberg's Francine Lacqua about the federal government shutdown at the Citadel conference in New York. Ken Griffin Says Government Shutdown 'Completely Irresponsible' (Source: Bloomberg)
The decision by Mr. Adams, a lame-duck mayor, to spend nearly a week of his remaining time in office visiting the Balkan nation raised eyebrows back in New York.
“Zombie” mortgages have become big business for debt collectors. On today’s Big Take podcast, we dig into how we got here.
The Treasury Department said that a 2020 collectible coinage law allows a living person to appear on U.S. currency.
Good morning. AMD lands a potentially game-changing deal. US booze exporters feel the pinch from Trump’s trade war. And Adani’s new airport is getting ready for takeoff. Listen to the day’s top stories.
The Trump administration is ratcheting up pressure on Nicolás Maduro, Venezuela’s president, while attacking boats in the Caribbean Sea.
Ahead of the holidays, we’re responding to readers’ hardest gifting quandaries.
Citadel Founder and CEO Ken Griffin says the US economy is on a big of a "sugar high" right now and he says markets have moved away from the tariffs issue. He speaks to Bloomberg's Francine Lacqua at the Citadel Future of Global Markets Conference in New York. (Source: Bloomberg)
B. Riley Financial Inc. said it will ask for a hearing to keep its Nasdaq listing after the exchange turned away the firm’s request for more time to file its overdue quarterly reports.
On the second anniversary of the Oct. 7 attacks, Roger Cohen explains how the war in Gaza has left Israel divided and isolated.
It is not clear what is behind the move by Michael Ellis, a Trump loyalist. A legal ethics specialist said it could raise conflict-of-interest issues.
Across the country, zombie mortgages (second mortgages taken out before the 2008 housing crash) are coming back to life. Debt collectors have scooped up these sometimes forgiven loans and are cashing in. Coulter Jones explains. (Source: Bloomberg)
The head of embattled Brazilian firm Ambipar Participacoes e Empreendimentos, along with a co-investor, appeared to lose their collateral in a debt issuance over the weekend when creditors’ representatives moved to seize their shares in a hydroelectric power company.
Bloomberg News obtained a trove of internal records from one debt collector that reveals how the industry uses inflated bills and threats of foreclosure to blindside homeowners across the US.
Sanae Takaichi, a hawkish nationalist, wants to make her country great again.
Federal Reserve Bank of Kansas City President Jeff Schmid said officials need to keep pressing against inflation, which has remained stubbornly high.
Rockpoint Gas Storage Inc. substantially increased the number of shares it plans to sell in its initial public offering this week, lifting proceeds to as much as C$704 million ($505 million).
MapLight Therapeutics Inc., a biotechnology firm developing treatments for neurological disorders, is seeking to raise $250.8 million in an initial public offering and private placement, proceeding despite the US government shutdown complicating the listing process.
Find insight on Fifth Third Bancorp, Shawbrook and more in the latest Market Talks covering financial services.
Stanford University increased a commercial paper program by $500 million to $1 billion, marking the latest institution in US higher education to do so as colleges contend with federal funding pressures.
Exxon Mobil Corp. said refining margins rebounded in the third quarter, adding about $500 million to earnings compared with the three months prior.
The OpenAI–AMD deal is a win-win, says Tony Wang, portfolio manager for the T. Rowe Price Science and Technology Fund. Wang tells “Bloomberg Tech” the deal signifies rising demand for computing power and is good for AI development in the US. (Source: Bloomberg)
Gold rose 1.7% to $3,948.50 a troy ounce, and the S&P 500 gained 0.4% to its 32nd record close this year.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
The government has barred Marineland from shipping its whales to an aquarium in China so the park is threatening to put the whales down.
The judge expressed exasperation at government lawyers’ failure to answer “basic questions” or produce evidence during what she called a “topsy-turvy, inside-out day.”
Citadel Securities executes roughly 35% of the US listed retail trading volume for equities, prompting CEO Jim Espoito to liken what the company does for trading to what 'Amazon did for e-commerce.' Esposito believes Citadel Securities is creating a network liquidity effect that is benefitting their clients. He sat down with Bloomberg's France Lacqua live from the Citadel Future of Global Markets Conference in New York City to discuss the US investment backdrop and the dominance of AI in the marketplace. (Source: Bloomberg)
The Jewish state has taken on many U.S. enemies since Oct. 7, 2023, even as the left turned against it.
What we learned in the Philippines, Taiwan and Palau.
Hi, it’s Matt Monks in New York, looking at an important deal that would have been unremarkable before the 2008 Financial Crisis. Also today, OpenAI could end up owning a large chunk of AMD and there’s some hope for London IPOs.
The episode initially raised concerns because it happened near a synagogue, but the police say it was unrelated to antisemitism.
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss turmoil in the French government as President Emmanuel Macron gives his outgoing prime minister Sebastien Lecornu 48 hours to negotiate with political parties. Bloomberg Radio's Daybreak Europe Host Stephen Carroll joins the show to break it down. Also on today's show, Bloomberg Tech co-host Ed Ludlow on OpenAI's massive AMD chips deal worth tens of billions of dollars, and Bloomberg's Francine Lacqua sits down with Citadel Securities President Jim Esposito and Sequoia Partner Konstantine Buhker to talk the current market backdrop and AI investments, respectively. Also, Dallas Mavericks CEO Rick Welts discusses the upcoming NBA season, including the debut of player Cooper Flagg. (Source: Bloomberg)
Ralph Schlosstein, Evercore's Chairman Emeritus and BlackRock's Co-Founder discussed expectation on future M&A activity and said he thinks that US is at the beginning of a multi-year M&A cycle. He speaks with Scarlet Fu on "Bloomberg Markets". (Source: Bloomberg)
Ecopetrol SA is finalizing a plan to configure part of a Colombian port into a facility to import liquefied natural gas as the nation faces a growing shortfall of the fuel.
The amount of vacant warehouse space in the U.S. held steady around an 11-year high in the third quarter, but it didn’t expand for the first time in three years as demand rose and the amount of newly built space continued to fall.
Citadel Securities President Jim Esposito says the company has begun processing trades for small and mid-tier banks in a partnership aimed at providing them better pricing on fixed-income securities. He speaks on Bloomberg Television. (Source: Bloomberg)
Argentina’s government sold dollars in the foreign-exchange market Monday for a fifth straight session as it tries to stem a slide in the peso, according to two people with direct knowledge of the matter.
San Francisco Mayor Daniel Lurie discusses the impact of artificial intelligence on the city and what he is doing to keep and attract AI startups. Mayor Lurie joins Bloomberg’s Ed Ludlow at OpenAI’s Dev Day. (Source: Bloomberg)
Ralph Schlosstein, Evercore's Chairman Emeritus and BlackRock's Co-Founder said that he thinks there is a high probability for Mamdani to win the NYC mayoral election. He discussed the race on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Dallas Mavericks CEO Rick Welts has set his sights on building a new arena and entertainment district in Dallas, replacing the American Airlines Center, calling the project a 'really exciting prospect.' He joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss the upcoming NBA season, Cooper Flagg's debut, and more. (Source: Bloomberg)
Today Lazard Asset Management announced the launch of the Lazard Listed Infrastructure ETF (Ticker: GLIX). Robert Forsyth, global head of ETFs at Lazard, talks with Bloomberg's Scarlet Fu, Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ". (Source: Bloomberg)
Jamie Wise, co-founder and CEO of Periscope Capital & BUZZ Holdings, discusses the VanEck Social Sentiment ETF (ticker: BUZZ) on "Bloomberg ETF IQ" with Bloomberg's Scarlet Fu, Katie Greifeld and Eric Balchunas. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Evercore Chairman Emeritus Ralph Schlosstein,AMD CEO Lisa Su, andCrossmark Global Investments Chief Market Strategist Victoria Fernandez. (Source: Bloomberg)
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Lazard Global Head of ETFs Rob Forsythand Periscope Capital CEO & Co-Founder Jamie WiseEmily Graffeo (Source: Bloomberg)
In the first elections since the Assad regime was ousted, there was no popular vote and women and minorities won few seats. Still, many Syrians saw it as progress toward ending authoritarian rule.
The Essential Air Service, which subsidizes flights to small airports, will run out of money on Sunday, and air traffic controllers who have been working without pay have begun calling in sick.
One man has appealed his conviction in a case in which a Frenchman drugged his wife and invited scores of men to rape her.
AMD CEO Lisa Su joins “Bloomberg Tech” to discuss AMD’s deal with OpenAI to deploy 6 gigawatts of AI chips over multiple years. She speaks on “Bloomberg Tech.”
Announcement comes on eve of talks in Washington with Canadian Prime Minister Mark Carney
The group—which has both a commercial and a retail franchise—said the offer would include new shares as well as existing shares sold by its current owners.
President Donald Trump wants to deploy National Guard troops to the Chicago area. Illinois is suing to stop that. There have been consistent anti-ICE protests in Chicago since at least June, when the Trump administration’s enforcement activities ramped up. In recent weeks the protests have focused on the Broadview ICE facility in suburban Chicago, which have led to dozens of reported arrests amid sporadic acts of violence and alleged obstruction. (Source: Bloomberg)
A trio of money managers want to sell exchange-traded funds that amp up swings in Tesla, Bitcoin and other assets to a rarely seen degree, setting the stage for another test of regulators’ tolerance for ultra-risky offerings.
Citadel Securities has begun processing trades for small and mid-tier banks in a partnership aimed at providing them better pricing on fixed-income securities, according to President Jim Esposito.
OpenAI has already proved it has a golden touch when it comes to partnering with other tech firms to deploy its artificial Intelligence products. Its power to move shares, though, is rapidly spreading to companies it even briefly discusses teaming up with.
A federal judge in Portland, Oregon, blocked President Donald Trump for now from sending any National Guard troops to the city during protests against his immigration crackdown, after the state accused the government of trying to circumvent a narrower order issued a day earlier. (Source: Bloomberg)
Student loans became the easy ‘solution’ to skyrocketing tuition, but they masked the real problem of unsustainable pricing.
David Hale, former US ambassador to Jordan and Lebanon, discusses the Trump administration's plan for peace between Israel and Hamas as talks are held between negotiators in Egypt. Hale talks the potential for a release of hostages and what it would mean for Israel to pull out of Gaza. (Source: Bloomberg)
President Trump’s attempts to politicize the military have become more overt as he makes the case for having troops at his disposal in American cities.
President Emmanuel Macron gave his outgoing prime minister, Sebastien Lecornu, 48 hours to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis. Lecornu unexpectedly resigned earlier Monday, blaming antagonistic political groups for their failure to agree to a new cabinet, which was unveiled Sunday evening. Bloomberg Daybreak Europe Host Stephen Carroll joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down what comes next for France's government. (Source: Bloomberg)
As the president cancels projects in Democratic-run states, he is cutting money that benefits his own party’s lawmakers in some of the most competitive House districts.
Representative Nicole Malliotakis, a New York Republican, said an agreement to end the government shutdown is "completely" in the hands of Democrats (Source: Bloomberg)
David Sacks, White House AI and Crypto Czar and partner at Craft Ventures, discusses US policy on selling "deprecated" AI chips to China and how the administration is pushing to ensure the world operates on a US-built AI stack. Sacks joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech." (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from DC. On today's show, Republican Congresswoman Nicole Malliotakis of New York, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Former Special Envoy for Middle East Peace David Hale. (Source: Bloomberg)
AMD will have to hit ambitious targets to capture the deal’s full potential.
Orsted A/S raised 60 billion Danish kroner ($9.4 billion) through a rights offering that’s critical for the company to tackle the downturn facing the wind power industry.
Options traders are least bullish on the Japanese yen in more than three years as pro-stimulus lawmaker Sanae Takaichi’s near-certain ascent to become the next prime minister sent the nation’s currency tumbling.
Mr. Hunt, a U.S. House member, and Senator John Cornyn will be competing for voters who dislike the state’s attorney general, Ken Paxton, who has led in many polls.
Judge Karin Immergut worked on Ken Starr’s investigation of Bill Clinton. Now she’s ruled against Trump’s attempt to send troops to Portland.
Walmart hasn’t said much about its plans for Monroeville Mall in Pennsylvania. But its partner has told some store owners that the mall will be demolished for a mixed-use development.
Evercore Chairman Emeritus Ralph Schlosstein says the the risk of recession caused by this US government shutdown is "quite minor." But he thinks the shutdown might be longer than the last one. He speaks on "Bloomberg Markets." (Source: Bloomberg)
The sudden push to a fresh all-time high in Bitcoin over the weekend has options traders adding to bets that the largest cryptocurrency will rally to $140,000.
The guilty finding is a rare conviction for the court, and comes as the institution confronts U.S. sanctions and sexual-assault allegations.
The Democratic representative-elect won her Arizona seat overwhelmingly. But so far, the Republican speaker will not swear her in.
The US government shutdown enters its second week with Republicans turning up the pressure on Democrats to reach a spending bill deal. A Senate vote on a stopgap bill is expected to fail Monday. The White House says if that happens, it could fire thousands of federal workers. Bloomberg's Erik Wasson is on Capitol Hill with the latest on "Balance of Power." (Source: Bloomberg)
Credit Agricole SA has delayed selling a 10-year Canadian dollar bond after France’s prime minister resigned unexpectedly on Monday, according to people with knowledge of the transaction.
President Emmanuel Macron could appoint a new prime minister. But he his under increasing pressure to call new parliamentary elections.
Three people, who had to be rescued by kayak, were injured. The cause of the fire is under investigation.
The state-based military force is made up from part-time soldiers and can be activated by a governor or the president.
OpenAI/AMD, Antifraud Co., M&A scoops, World Cup tickets, Gary Gensler’s cell phone and Citadel Insecurities.
As the government shutdown entered its first full week, emotions across the country ranged from uneasy to unconcerned.
Christine Lagarde suggested the European Central Bank has circled in on its inflation target and expects the economy to pick up in 2026.
Multiple technology companies are seeking to build large data centers in Northern Louisiana after Meta Platforms Inc. announced plans to construct its largest AI-focused facility in the region, according to Entergy Louisiana Chief Executive Officer Phillip May.
The steady drum beat of federal funding threats totaling billions of dollars is renewing municipal investors’ qualms about lower-rated state and local borrowers.
A rhythm guitarist and bassist, he was a “rock” for a band whose fiery lead players, Eric Clapton, Jeff Beck and Jimmy Page, had no shortage of ego.
Verizon Communications Inc. named Dan Schulman as chief executive officer, replacing Hans Vestberg as the company faces fierce competition for subscribers in a tight market. Vestberg, who has served as CEO since 2018, will stay on through Oct. 4, 2026, to help ensure a smooth transition in leadership, including the integration with Frontier Communications, the company said in a surprise announcement on Monday. Bloomberg's John Butler reports. (Source: Bloomberg)
Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, the largest US bank deal this year and a sign that the logjam blocking big mergers in the industry may have broken under the Trump administration’s deregulation efforts. The deal will create the ninth-largest bank in the country, with about $288 billion in assets, the two companies said in a statement Monday. The per-share transaction value represents a 17% premium to Comerica’s closing share price Friday. Bloomberg's Herman Chan reports. (Source: Bloomberg)
Expected volatility in the Treasuries market has sunk to the lowest in almost four years as the US government shutdown delays key economic data releases and deprives traders of catalysts for large price swings.
US President Donald Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza and destabilized the Middle East, with the warring sides set to begin mediated talks on Monday. A key sign of progress in the negotiations, taking place in the Egyptian Red Sea resort of Sharm El-Sheikh, will be whether Hamas frees all the roughly 20 of its live hostages — plus the remains of those who are dead — in return for Israel releasing about 2,000 Palestinian prisoners. Aaron David Miller, Senior Fellow at Carnegie Endowment for International Peace, joins to discuss the future of peace in the Middle East (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." OpenAI strikes again--inking a deal with AMD that's sending shockwaves through the chip industry. Fifth Third scoops up Comerica for nearly $11 billion dollars -- in the biggest US bank deal this this year. The CEO Tim Spence joins the show to talk about the deal. Tesla is leading the Mag 7 higher as the electric-car maker teases a product announcement in a series of cryptic posts. And Voyager Chairman and CEO Dylan Taylor joined the C-Suite on Bloomberg Open Interest to talk his company's new AI-enabled space station Starlab. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Lenders to bankrupt car parts group believe arrangement may have breached loan covenant
Brian Scott Lorenz’s conviction in the strangling of Deborah Meindl in a Buffalo suburb was overturned in 2023, but prosecutors had forged ahead with a new trial.
Spain’s Naturgy Energy Group SA is offering a 3.5% stake in an effort to increase the stock available for trading in the market.
OpenAI is building a corporate empire of mutual dependencies
The Justice Department and Google wrapped up a two-week hearing that could have a major effect on online advertising.
Voyager’s stock may have cooled since its public debut in June, but its ambitions are anything but grounded. The company’s AI-powered space station, Starlab, is ready for launch. CEO Dylan Taylor joined Bloomberg Open Interest in the C-suite to talk about its mission in bringing AI to space. (Source: Bloomberg)
An attack at a Manchester synagogue calls to mind Billy Wilder’s mordant line about the Holocaust.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Michael Goldfarb so admired Brooklyn Dodgers legend Jackie Robinson that he kept a brick from Ebbets Field in his childhood bedroom.
Chemicals giant Ineos Group Ltd. plans to cut production in Germany, blaming high costs and cheap imports.
Many students don’t do the reading and don’t speak up in class, according to a report. Now, professors are trying to change a campus culture they say hurts achievement and stifles speech.
Chancellor to address JPMorgan tech event as she considers measures to encourage businesses to float in London
Shell Plc.’s LNG Canada is currently on track to load its first liquefied natural gas cargo from the facility’s second unit as soon as this week as the project continues to ramp up in the next month, according to people familiar with the matter.
For the Treasury market, this historically has been a bad week. If it happens again this year, Morgan Stanley strategists say investors should buy the dip “with both hands.”
The former newspaper opinion editor and co-founder of the Free Press is now editor in chief of CBS News.
Look across to France folks, and shudder. But this isn’t just about France, it’s a story about nearly every advanced economy. Today it’s Sebastien Lecornu and President Macron, but since we know many major economies are wrestling with debt and how to beat it, Lecornu is the ghost of budgets to come.
France’s Bruno Le Maire said he has stepped down from the government in order to facilitate the formation of a new cabinet after the resignation of Prime Minister Sebastien Lecornu.
In July, the billionaire’s A.I. company introduced two sexually explicit chatbots, pushing a new version of intimacy.
Raw sugar futures rose as much as 1.7% to the highest price in three weeks. The market is recovering from a drop last week after traders Alvean and Cofco were the top receivers of a 1.5 million-ton delivery to settle the October contract.
Advanced Micro Devices has signed a deal with OpenAI to deploy 6 gigawatts of AI chips over multiple years, in a deal that could generate tens of billions of dollars in new revenue. AMD CEO Lisa Su and OpenAI President Greg Brockman join “Bloomberg Tech” to discuss the deal and the plans to finance it.
President Trump said a Russian proposal to extend by one year the limits on long-range nuclear weapons sounded “like a good idea to me.”
Frank Bisignano, who already leads the Social Security Administration, will also take on the day-to-day duties of the tax collector.
A wave of office-to-apartment conversions is coming to midtown Manhattan, providing relief to New York’s housing shortage. Bloomberg's Natalie Wong reports. (Source: Bloomberg)
Israel intercepted the boats at sea and detained the participants for days before expelling them. Some of the activists said they were mistreated, which Israel denied.
Israel intercepted the boats at sea and detained the participants for days before expelling them. Some of the activists said they were mistreated, which Israel denied.
The deal brings together two midsize industry players to better compete with behemoths such as JPMorgan and Bank of America.
Pope Leo XIV is changing the management of the Holy See’s financial investment activities, effectively clipping the powers of the Vatican Bank.
Filippo Gori will hand over to Conor Hillery and Matthieu Wiltz as co-heads of Wall Street bank’s regional business
She may have shattered a stained glass ceiling but she will experience the same challenges as other female leaders
Angola is considering selling eurobonds this year as yields on the oil-rich nation’s international debt continue to ease from record highs and other African countries return to the market, according to people familiar with the matter.
Aliko Dangote’s oil refinery is too important to fail, Nigeria’s government said, following the company’s dispute with labor unions that threatened to cut crude supply to the plant.
Nomura Holdings Inc.’s digital-assets subsidiary Laser Digital has recruited a trio of derivatives traders from Mike Novogratz’s Galaxy Digital, as the crypto options market booms.
Prime Minister Mark Carney plans to change when Canada releases major fiscal documents, moving the country’s federal budget to the fall on an ongoing basis.
President’s options narrow after losing third premier since his 2024 snap elections
Vale SA is buying back its perpetual bonds, unusual securities that date back to its privatization in the late 1990s and which have become increasingly costly for the Brazilian miner.
Fifth Third Bank Chairman, CEO and President Tim Spence discusses details of the bank’s $10.9 billion deal for Comerica Inc. He says the window for this deal seemed right and lets Fifth Third get more access to explosive growth in the Southeast. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
At The Free Press, she battled “wokeness” and buddied up with billionaires. Now she’s the editor in chief of CBS News.
Mexican billionaire German Larrea is offering to buy full control of Citigroup Inc.’s Banamex at a slightly higher valuation than his rival had proposed for just a minority stake. It’s still a long shot.
Verizon Communications Inc. named Dan Schulman chief executive officer effective immediately, replacing Hans Vestberg, who will stay on through Oct. 4, 2026 to help ensure a smooth transition in leadership. John Butler of Bloomberg Intelligence has more on Bloomberg Television. (Source: Bloomberg)
Barrick Mining Corp. agreed to sell its gold mine in Africa’s Ivory Coast for as much as $305 million, the latest in a string of asset sales by the global mining giant.
Verizon shakes up the C-suite — Dan Schulman, the longtime PayPal chief, is stepping in as CEO effective immediately, replacing Hans Vestberg. It’s a surprise move tied to Verizon’s integration with Frontier Communications. Bloomberg Intelligence Senior Telecoms Analyst John Butler joined Bloomberg Open Interest to break down what this leadership switch means for the company’s turnaround. (Source: Bloomberg)
Treasury traders are turning to betting markets for signals on the length of the US government shutdown in the absence of economic data to guide interest rate expectations.
The lawsuit accused the Environmental Protection Agency of illegally revoking the money without congressional approval.
Catherine L. Mann, External Member, Monetary Policy Committee, Bank of England discusses monetary policy strategy, the outlook for inflation and driving economic growth in the UK with Bloomberg's Francine Lacqua at the Bloomberg Women, Money & Power 2025 event in London. (Source: Bloomberg)
US stocks rose to record levels shortly after the opening bell Monday as investors looked past the government shutdown, now in its sixth day. Instead they cheered a multibillion-dollar infrastructure deal that signaled the artificial intelligence spending boom remains on track.
Advanced Micro Devices Inc. shares surged in premarket trading after the chipmaker signed a deal with OpenAI for AI infrastructure that could generate tens of billions of dollars in new revenue. The two signed a definitive agreement for OpenAI to deploy 6 gigawatts of AMD graphics processing units over multiple years, the companies said Monday in a statement. AMD has given OpenAI a warrant for as many as 160 million shares which will vest as milestones are achieved. Those targets require AMD’s stock price to continue to increase in value and future exercise points include a tranche tied to a share price of $600. AMD shares closed Friday at $164.67. (Source: Bloomberg)
Curtis Sliwa, the Republican nominee in the New York City mayor's race, says that he is the only law and order candidate in the race and discusses what sets him apart against opponents Zohran Mamdani and Andrew Cuomo. (Source: Bloomberg)
Five-year agreement will challenge Nvidia’s market dominance, as OpenAI plans deployment of AMD’s new MI450 chips.
A long-awaited revival in M&A has been a boon to leveraged finance desks on Wall Street — bringing them $500 million of fees on a single deal. But increasingly they’re having to share the spoils.
The writer Tristan Gooley describes how a pair of familiar constellations can help a person navigate in darkness when other methods fail.
T-Mobile US Inc. plans to sell dollar-denominated senior unsecured notes in three parts, as a total of six borrowers look to tap the US investment-grade primary market on Monday.
Swaps traders are slashing their wagers on Turkish interest-rate cuts for the remainder of the year, after a pick-up in price growth cast doubt on the central bank’s inflation target.
Real estate company Morguard is preparing to raise around C$200 million ($143 million) through a bond sale this week, according to people familiar with the transaction.
The US Supreme Court turned away an appeal by ticketing giant Live Nation Entertainment Inc. in a consumer antitrust suit, dealing a blow to the company’s effort to manage its antitrust woes by channeling cases into arbitration.
Advanced Micro Devices shares surged in the premarket Monday morning after signing a deal with OpenAI for AI infrastructure. This could lead to billions in new revenue for the chipmaker. Bloomberg's Ed Ludlow breaks down what we know and don't know about the deal. (Source: Bloomberg)
The onetime employee and friend of Jeffrey Epstein argued that a secret agreement between prosecutors and the multimillionaire financier invalidated her conviction.
The US Supreme Court rejected an appeal by Turkey’s state-owned Halkbank, leaving it facing criminal charges that accuse it of helping Iran evade economic sanctions.
The US Supreme Court Monday rejected a bid by Ghislaine Maxwell to overturn her 2021 sex-trafficking conviction for grooming teenage girls who were abused by disgraced financier Jeffrey Epstein.
Tesla’s at it again with a cryptic post, a spinning black disc, and a date: October 7th. Investors are guessing what’s coming, and the stock’s already jumping. Bloomberg Global Autos Editor Craig Trudell joined Bloomberg Open Interest to break down the clues — and what this latest tease could mean for Tesla’s next big reveal. (Source: Bloomberg)
Societe Generale SA hired a former HSBC Holdings Plc banker to work on health-care mergers and acquisitions and bolster its US investment banking presence.
Acquisition of The Free Press is first major deal since David Ellison’s Skydance took control of media group
As the US government shutdown lurches into a second week, Michael McKee runs down the economic data that’s at risk of being disrupted this week and previews Federal Reserve speakers due to comment on policy and data in the week ahead. (Source: Bloomberg)
Adani Green Energy Ltd, controlled by Indian billionaire Gautam Adani, signed a deal to raise around $250 million from a group of global lenders, according to people familiar with the matter, in what would be the unit’s first foreign currency loan since an indictment by the US Department of Justice.
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.
Toronto-Dominion Bank is selling US dollar-denominated bonds in as many as four parts, according to a person with knowledge of the offering.
Spirit Aviation Holdings Inc is seeking court approval to return 87 airplanes to lessors as the low-cost carrier continues to pare down operations following its bankruptcy filing.
Gold will become Australia’s second-most-valuable commodity export, overtaking liquefied natural gas, after the precious metal’s “extraordinary surge” to record prices, the government said.
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.
Big Four firm will repay final instalment after incorrect references and citations found in document
President’s mistakes have plunged France into its worst crisis for 70 years
Paramount Skydance Corp. officially announced that it’s acquiring the online news site the Free Press and putting founder Bari Weiss in the role of editor-in-chief of CBS News, a move likely to stir controversy inside and outside of the venerable news organization.
Venezuela’s government said it reinforced security around the US embassy in Caracas after uncovering an alleged plot to attack it.
He will take the helm as the carrier contends with fierce industrywide competition that has put pressure on its pricing and ability to attract new customers.
Bari Weiss, a co-founder of The Free Press, will become editor in chief of CBS News.
An accurate read is essential for energy traders and farmers, especially as a changing climate exacerbates extreme weather.
After a dismal first nine months of the year, a trio of initial public offerings are giving London a chance to prove the market’s still an attractive destination for listings.
Som Seif, the entrepreneur bent on disrupting Canada’s financial industry, has found himself at the center of an unprecedented showdown with the country’s top markets watchdog.
Weiss, who once said she was done with legacy media, is to take control of CBS News’s editorial vision, aiming for “news that reflects reality.”
French banks led shares of European lenders lower on Monday after the resignation of Prime Minister Sebastien Lecornu threw the country into another political crisis, pushing a measure of sovereign risk to the highest this year.
Germany’s ruling coalition confirmed it will extend a tax exemption for new electric vehicles as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.
French Prime Minister Sebastien Lecornu resigned, about three weeks after being appointed by President Emmanuel Macron, sending French stocks lower and bond yields higher. The move comes just a day after Lecornu failed to impress opposing politicians with his new cabinet appointments. Japan's Pro-stimulus lawmaker Sanae Takaichi’s will almost certainly become the next prime minister after a weekend vote. Equities surged to all-time highs while the yen and long-term bonds tumbled. The yen lost against the dollar to past 150 and sank to an all-time low against the euro. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Lizzy Burden and Valerie Tytel. (Source: Bloomberg)
The Israeli prime minister must balance how to end the war and maintain his domestic political support without giving too much up to Hamas.
Fifth Third Bancorp agreed to purchase Comerica Inc. for about $10.9 billion in stock, in a deal that will create the ninth-largest bank in the country, with about $288 billion in assets. Herman Chan of Bloomberg Intelligence has the details on Bloomberg Television. (Source: Bloomberg)
Russia’s resort to hybrid warfare is a sign of weakness. But it still requires a response
Carlyle Inc. is emerging as the frontrunner to acquire BASF SE’s coatings business, after a rival consortium led by KPS Capital Partners dropped out of the bidding, people with knowledge of the matter said.
Jefferies Financial Group Inc. is gearing up to enter India’s $900 billion asset-management industry, according to people familiar with the matter, joining a growing list of global financial giants seeking to tap one of the world’s fastest-growing major economies.
Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
“As of Monday morning, the conditions were no longer such that I could continue to exercise my functions as prime minister,” Sebastien Lecornu told reporters in Paris on Monday. He unexpectedly resigned earlier in the day, blaming the intransigence of the groups in the country’s fractured parliament and deepening a national political crisis.
China has positioned itself as the world’s clean tech export hub while the US — especially under President Donald Trump — has pitched itself as a global gas station. That’s set up a battle for energy export supremacy. It’s solar, wind and batteries vs. oil and gas.
The amount of oil sailing the world’s oceans on tankers jumped again as production from key producers is ramping up around the globe.
With about 25% of large Brazilian companies struggling with high leverage, Ricardo Lacerda says he’s expanding his boutique investment bank’s debt-restructuring advisory services.
Weeks after a $100 billion agreement to use computer chips from Nvidia, OpenAI has signed a similar deal with a rival chipmaker.
Tesla Inc. managed to pique the interests of investors with a series of social media posts that sent the carmaker’s shares higher in early trading.
Crude rose after the group agreed on Sunday to revive just a sliver of halted output.
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
Three scientists honoured for research on what prevents immune cells from attacking the body
The developments are sending shockwaves through financial markets. One element they share is surprise.
Germany earmarked €6 billion ($7 billion) for next year to help reduce carbon emissions of its heavy industries, ending uncertainty over subsidies that are meant to help companies shift to cleaner technologies.
Bonds in Telefonica Moviles Chile SA nosedived at the end of last month on fears the company was about to be broken up and sold, then rebounded when it was revealed that the names behind one potential bid are two of Latin America’s largest telecom firms.
Legal services platform Harvey has raised €50 million ($59 million) in a strategic investment from an EQT AB fund to support the company’s international expansion.
Such listings surged starting last year. Now Nasdaq says it wants to tighten its standards.
The Silicon Valley original says a third of VCs will get wiped out, he’s betting on AI and cybersecurity, but also warns of overfunded, cash-torching ‘train wrecks.’
The Trump administration’s attack on the offshore wind industry is squeezing a key revenue stream for the subcontractors that help build wind farms, forcing many to put investment plans on ice.
France’s Prime Minister Sebastien Lecornu resigned just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets. The premier quit less than 24 hours after Macron announced a government that retained most senior members from previous cabinets. French bonds fell as investors braced for more political uncertainty. The yield on 10-year notes rose nine basis points to 3.6%. The highest level since late 2024. In Japan, pro-stimulus lawmaker Sanae Takaichi’s near-certain elevation as Japan’s next prime minister jolted financial markets, with the yen and long-term bonds tumbling even as equities surged to all-time highs. Today's guests: Sophie Huynh, BNP Paribas Asset Management Portfolio Manager and Strategist, Fabrice Pothier, Rasmussen Global CEO, Ludovic Subran, Allianz CIO and Chief Economist (Source: Bloomberg)
Eli Lilly and Co. plans to invest more than $1 billion in India over the next few years to build new contract manufacturing capabilities in the South Asian nation, underscoring the US drugmaker’s push to bolster its global supply network.
Latest circular transaction aims to make ChatGPT maker central to the effort to build a huge AI infrastructure
Today, we look ahead at the potential consequences of the Supreme Court term that begins today.
Five-year agreement will challenge Nvidia’s market dominance, as OpenAI plans deployment of AMD’s new MI450 chips.
When recent data showed the US economy grew by the fastest pace in nearly two years, the White House released a statement hailing the “Trump economy’s explosive growth,” which proved “so called ‘experts’” wrong.
Good morning. Troops are blocked from being sent to Oregon, for now. The US shutdown is still going strong with the focus on potential layoffs. And we have some tips to plan for the best day of your life. Listen to the day’s top stories.
US threatens to apply tariffs of up to 107% on Barilla and other makes of Italian staple over alleged dumping
Plus, when Silicon Valley comes to the farm.
Boeing Co. is informing suppliers that output of the 737 Max could reach a 42-jet monthly pace as soon as this month. Danny Lee reports on Bloomberg Television.
Indian authorities started a criminal investigation into a cough syrup maker following the death of more than a dozen children who consumed the product, reigniting the issue of poor control standards in the manufacturing of the medicine.
Portugal, one of the euro area’s standout performers in reducing public liabilities in recent years, still faces an excessive burden and must work harder to reduce it, according to new central bank governor Alvaro Santos Pereira.
Find insight on Sanofi, IHH Healthcare and more in the latest Market Talks covering the sector.
Saudi Arabia’s sovereign wealth fund mandated banks for its first euro-denominated green bond sale, signaling no let up in the recent wave of borrowing activity aimed at financing the kingdom’s economic transformation plans.
The yield on French 10-year bonds could reach 4% amid more political turmoil following the resignation of Prime Minister Sebastien Lecornu, according to Ludovic Subran, chief investment officer and chief economist at Allianz. It’s “too early” to add French risk at this point, Subran tells Bloomberg Television, saying he recommends waiting until 10-year yields exceed at least 4%, and would feel confident re-entering at 4.5% “anytime.”
With humanities funding vanishing, stories and those who protect them remain our greatest hope.
The long-awaited IPO revival is poised to slow if the ongoing US government shutdown lingers, putting billions of dollars worth of deals on hold.
An exchange-traded fund that buys Brazilian stocks recorded inflows for the first time since July and at a pace not seen in more than five years, as trade tensions with the US started to show signs of easing.
The explorer’s journey to Antarctica was likely doomed before it began.
US private equity group bucks industry trend of missed fundraising targets with conservative strategy
Multiyear deal with Google kicks off Unwell Creative Agency’s formal entry into the advertising business, which is increasingly attracting celebrity entrepreneurs.
Blackstone Inc. is partnering with Abu Dhabi’s Lunate on a new platform that will target investments worth $5 billion across the wider region, as the US private equity giant looks to build on its portfolio of logistics assets.
Galaxy Digital Inc. is courting everyday investors with a new banking platform that is being led by Zac Prince, the co-founder and former chief executive of BlockFi Inc., a retail-focused wealth management platform that filed for bankruptcy after the collapse of cryptocurrency exchange FTX.
A prolific writer and keen observer, she sold millions of copies of her juicy, sometimes racy “Rutshire Chronicles” series.
Greece’s pile of borrowings are now estimated to have fallen to the lowest since 2009, before financial turmoil then forced the country to seek the first bailout of its decade-long crisis.
The government reviews show the country’s challenge as U.S. support wanes and Kyiv pivots to production from a domestic arms industry with a long history of corruption.
Mary E. Brunkow, Fred Ramsdell and Shimon Sakaguchi were awarded the prize on Monday.
Mary Brunkow, Fred Ramsdell and Shimon Sakaguchi share this year’s award.
US companies are set to enjoy a better-than-expected earnings season as a robust economy and a solid outlook for artificial intelligence have left estimates looking too low, according to Goldman Sachs Group Inc. strategists.
Nigeria is tripling capital gains tax for foreign equity investors, raising concerns that the move may trigger a sell-off in the West African nation’s stock market, which is up almost 40% this year.
Regulators need to step up the oversight of banks’ use of synthetic risk transfers which may make the financial system more fragile, according to a paper released by a group of International Monetary Fund officials.
A multi-month winning streak in US stocks is poised to continue based on an equity indicator from Barclays Plc that correctly predicted September’s rally in the face of concern over seasonal weakness.
Some offshore jurisdictions don’t require insurers to hold as much extra capital in case investments turn sour.
Driven by a feeling they’ve lost control to screens, twenty-somethings are resurrecting CDs, flip phones and digital cameras
Reusing the red metal could ease ballooning demands amid an AI data center boom.
The result adds to signs of a modestly resilient economy despite U.S. tariffs and political uncertainty.
Two years of intense warfare in Gaza have left its people with a dismembered and disordered society. The destruction is vast and many Gazans have mental and physical wounds that could scar a generation.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. (Source: Bloomberg)
Indian billionaire Sunil Mittal’s Bharti Telecom Ltd. is considering to offer about 150 billion rupees ($1.7 billion) of bonds as early as next week, according to people familiar with the matter.
Air India grounded a Boeing 787 Dreamliner for checks, after an emergency power system got activated midair in an UK-bound flight over the weekend, the airline said in a statement Sunday.
Republicans’ exploitation of government’s closure is the tell that they prefer it this way.
Comcast, Oracle and Spotify recently doubled up on top executives, a rare setup that some say could become more common.
Dallin H. Oaks, 93, the next president of the global body, addressed the conference a week after an attack on a church in Michigan.
To see a way out of our destructive spiral we should look to the innovation of the 1920s.
As the justices return to the bench Monday, the court will confront a series of cases central to the president’s agenda.
When it came to using her life in her work, the artist Lee Lozano went about as far as a person can go.
Before the election, we surveyed the legal establishment about what a second Trump term could mean for the rule of law. A year later, they’re very, very worried.
Freed after 14 months, Eli Sharabi learned that his family didn’t survive the Oct. 7 attacks. “Hostage” is testimony to his suffering and his hope.
They feast on bubbles of methane seeping out of the ocean floor. Could their appetites be harnessed to slow climate change?
Though significant issues remain to be hashed out between Israel and Hamas, some are saying that after two years of death and destruction, a breakthrough may be near.
LG Electronics Inc.’s initial public offering of its India arm has attracted the sovereign wealth funds of Abu Dhabi, Norway and Singapore, according to people familiar with the matter.
President Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that's devastated Gaza and destabilized much of the Middle East. The two sides are set for mediated talks in Egypt on Monday. William Roebuck, Executive Vice President at the Arab Gulf States Institute and Former US ambassador to Bahrain spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
Danish industrial production fell the most since January, dragged down by the pharmaceutical sector and underscoring the economy’s dependence on ailing Novo Nordisk A/S.
U.S. stock futures started the week higher even as the U.S. federal government shutdown dragged on into another week and stocks in Japan rose sharply.
OpenAI may not be publicly traded, but the world’s most valuable startup is increasingly making waves in the stock market.
John Bilton, JPMorgan Asset Management's global head of multi-asset strategy, discusses gold's rise to close to $4,000 an ounce and its role in investment holdings. "It does a job in a portfolio," Bilton says, "hedging against inflation fears and currency debasement. But at the end of the day, it's not a replacement for your stock of Treasuries." (Source: Bloomberg)
UK builders are on the brink of recording their longest downturn since the financial crisis, according to a closely watched survey that showed that uncertainty in the run-up to the budget is dragging on the sector.
Two of the European Central Bank’s top policymakers described an inflation outlook that doesn’t face prevailing risks in either direction, suggesting that they have no inclination to move interest rates for now.
An auction of Malaysian government bonds drew the weakest demand this year, as traders pared expectations for rate cuts and corporate issuances shifted investor interest away from sovereign debt.
Sebastien Lecornu’s resignation makes him the shortest-serving prime minister in the history of France’s postwar republic.
For the last two decades, Abu Dhabi’s largest developer has focused largely on building upscale homes. But flush with cash after a lengthy boom, Aldar Properties PJSC is now setting its sights on affordable housing, lower cost schools and even a private credit fund.
Specialist lender could be valued at £2bn in IPO that is set to be biggest in London this year
Ottobock SE is expected to price its Frankfurt initial public offering at the top of the marketed range, putting the maker of medical prosthetics on pace for the biggest German IPO in more than a year.
French Prime Minister Sebastien Lecornu resigned on Monday morning, just a day after President Emmanuel Macron named a new government that was broadly criticized. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
Sébastien Lecornu stepped down less than 24 hours after he had formed his cabinet.
What does Stargate actually look like?
Chinese carmaker takes market share despite being shut out of subsidy scheme
Money has been flowing into the AI space, with billions pouring into GPU clusters, data centers, gas turbines, and the infrastructure needed to train and deploy bigger and bigger models. So what comes next? On this episode, we speak with James van Geelen, founder of Citrini Research. We talk to him about his latest field trip to one of OpenAI’s new massive Stargate data centers in Abilene, Texas. We also discuss the increasingly complicated financing arrangements that are funding some of these m
Macron ally was appointed just three weeks ago
French bonds fell, pushing the yield premium of German bonds to the highest level this year, after French Prime Minister Sebastien Lecornu resigned.
SEB SA, a French maker of household appliances, fell the most on record after lowering its forecast for sales this year on weaker-than-expected demand in Europe.
Guy Johnson, Lizzy Burden, Valerie Tytel and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Lai Sun Development Co. has obtained a HK$3.46 billion ($445 million) loan refinancing deal, according to people familiar with the matter, giving the Hong Kong builder some breathing room as it grapples with a liquidity squeeze fueled by the city’s prolonged property slump.
Toyota Motor Corp. Chairman Akio Toyoda’s proposal to buy out Toyota Industries Corp. for ¥4.7 trillion ($31.3 billion) has been delayed because the approval process under antitrust laws in various countries is taking longer than anticipated.
The Philippines plans to broadly extend its ban on rice imports until April to support farmers in the world’s biggest buyer of the grain, a move that’s likely to put further pressure on global prices.
Abu Dhabi National Oil Co. has offered a slate of concessions to address European Union concerns over its €12 billion ($14 billion) takeover of Covestro AG.
Sanae Takaichi, the new head of the Liberal Democratic Party, is viewed as being in favor of expansionist economic policies and once called the central bank’s rate hikes “stupid.”
Cash-rich companies in Japan may feel the heat after the election win of the pro-stimulus conservative Sanae Takaichi, as she has in the past expressed concerns about excess corporate cash holdings, according to some strategists.
Japanese stocks surge and yen sinks after Takaichi wins ruling party leadership
Swiss and Spanish stock exchange operator SIX Group AG is retiring its digital asset exchange brand SDX and absorbing the division’s operations in-house, as mainstream financial firms ramp up plans to use blockchain in traditional markets.
French stocks hit a session low as Prime Minister Sebastien Lecornu resigned, sparking worries about further political turmoil in the country.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Uzbekistan, Central Asia’s second biggest economy, is seeking to diversify its debt issuance after successful forays into the sustainable bond market.
Years ago, progressives defeated a plan to build an Amazon warehouse in Queens. Now a new kind of development is gaining their support.
Oaktree Capital Management is backing a Middle East hospitality investor as private credit interest in the region is gaining traction.
AstraZeneca Plc and Daiichi Sankyo’s drug Datroway helped breast cancer patients with a particularly hard to treat form of the disease live longer.
Denmark is tightening regulation of oil tankers passing through its waters as Europe targets the shadow fleet that’s helping Russia skirt sanctions.
For Europe’s central bankers, President Trump’s tariff blitz has been a bit of a nonevent.
British carmaker blames global economic slowdown and Donald Trump’s trade policies for shortfall
The premium on French debt over safer German peers rose to a nine-month high after President Emmanuel Macron’s new continuity cabinet sparked concerns for viability of the new government.
The European Union has started lending out its excess cash in the repo market in exchange for bonds, providing a fresh injection of euros to investors grappling with increasing debt supply.
Aston Martin Lagonda Global Holdings Plc pared back its outlook for a second time this year, citing the impact of US tariffs and broader economic challenges holding back demand.
Saudi Arabia isn't letting USD65 Billion hole in its budget stop the Kingdom from playing a leading role in the largest-ever leveraged buyout to take Electronic Arts private. The shortfall is now estimated at 5.3% of GDP, more than double the previous forecast. Edward Bell, Acting Group Head of Research & Chief Economist at Emirates NBD spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on Saudi Arabia's investment strategy. (Source: Bloomberg)
The initial public offering of alarm group Verisure Plc is likely to price at €13.25 ($15.5) in a sign of strong demand for Europe’s largest listing in three years.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
British specialty lender Shawbrook Group Plc plans a potential initial public offering in London, marking a welcome boost for the UK’s capital markets.
The Tokyo District Court sentenced a former employee of Mitsubishi UFJ Financial Group Inc. to nine years in prison on Monday for stealing cash and valuables from customers’ safe deposit boxes.
Officials are investigating why the power source, used when electrical or hydraulic pressure fails, was deployed over the weekend. The same system was activated during a deadly crash in June.
French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament. Lecornu, who governs without a majority in the National Assembly, faces the same intractable problem that sunk the premierships of his two predecessors: passing a budget through a fractured parliament that will likely include unpopular spending cuts and tax increases needed to rein in the largest deficit in the euro area. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
Philippine utility firm Maynilad Water Services Inc. has started taking orders from institutions for an initial public offering that could raise as much as $437 million and make it the country’s biggest listing in four years.
Shares in Finnish energy company Neste Oyj have staged one of Europe’s biggest rebounds this year, more than doubling since April. But with the renewable fuels market set to come under pressure, some analysts are warning the rally may soon end.
The snowfall buried tents and reduced visibility. The local authorities said that they were in contact with the hikers and that rescue efforts were underway.
Israel and Hamas are set to begin mediated negotiations in Egypt on Monday with the aim of ending the two-year conflict in Gaza. US President Donald Trump, who laid out a 20-point plan to end the war, has made it clear that he is losing patience and he’s pressing both sides to seal a settlement to the war. Bloomberg’s Joumanna Bercetche breaks down the situation.
Good morning. Oil gets a boost from a modest OPEC+ outlook. Japanese stocks surge on hopes for its likely next prime minister. And our luxury reporter talks about her destination wedding and binging on House of Guinness. Listen to the day’s top stories.
Latin American currencies were among the few gainers in emerging-market on Monday, even as a US government shutdown and renewed political turmoil in Europe damped appetite for riskier assets.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
A recent research firm teardown of Huawei's leading chips has highlighted China's reliance on foreign hardware despite its push to boost domestic production of AI semiconductors. But Mario Morales, Group VP Of Enabling Technologies & Semiconductors at IDC, explains why China's chipmaking capabilities cannot be underestimated. He speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show." (Source: Bloomberg)
Nikon Corp.’s stock rose its most in more than two weeks after disclosing that EssilorLuxottica SA has increased its holding, suggesting the Ray-Bans maker is placing a bigger bet on a pivotal supplier of chipmaking equipment.
Philippine Stock Exchange President & CEO Ramon Monzon says corruption allegations involving flood-control projects may continue to put stocks under pressure. He speaks exclusively with David Ingles and Annabelle Droulers on "Bloomberg: The China Show." (Source: Bloomberg)
Stocks are thrilled, but the weak yen could knock Sanae Takaichi her off target.
Dominique Pelicot was convicted of drugging and raping his wife, Gisèle Pelicot, and of inviting dozens of men to rape her. Here is how the events unfolded.
One man has appealed his conviction in a case in which a Frenchman drugged his wife and invited scores of men to rape her.
One man has appealed his conviction in a case in which a Frenchman drugged his wife and invited scores of men to rape her.
Jaguar Land Rover is the third big British brand to have its operations severely affected by a breach this year.
Pakistan uprooted the Taliban with U.S. help in the 2010s. But the insurgency has resurfaced with assistance from the Afghan Taliban.
The Frenchwoman who became a feminist icon will confront one of the men convicted after her husband drugged her and invited them to rape her over nearly 10 years.
The Frenchwoman who became a feminist icon will confront one of the men convicted after her husband drugged her and invited them to rape her over nearly 10 years.
Watchdog believes motorists mis-sold auto finance could get payouts totalling up to £18bn
Israel’s prime minister has encountered the first US president he cannot easily outmanoeuvre
It’s seen as the magic fix for every threat to the US economy
Developers complain of bottleneck created by building safety regime
The world’s largest producer of uncrewed mine-clearing vehicles, Dok-Ing d.o.o., is in talks with Rheinmetall AG over expanding its technology and secure investment from the German defense giant.
The Federal Reserve and global peers appear set to keep cutting interest rates in the remainder of this year, carrying on where much of Europe has left off.
The European Central Bank is heading into a two-year shake-up that will replace two-thirds of its top leadership — including President Christine Lagarde.
BBVA SA’s top executive expects the vast majority of institutional investors who hold shares in Banco Sabadell SA to accept his bank’s offer for its smaller rival.
Volatility in Japan’s longer-dated government bonds is on the rise following Sanae Takaichi’s election win, and the moves may spill over to markets as far away as the US and UK, according to Goldman Sachs Group Inc.
Thailand saw inflation dipped below zero for the sixth straight month, likely giving the central bank an impetus to cut interest rates this week.
Growing fiscal concerns in some of the world’s biggest economies are adding momentum to a so-called “debasement trade,” as investors flock to the perceived safety of Bitcoin, gold and silver while pulling away from major currencies.
Thailand plans to simplify stock-listing procedures as part of a broader drive to strengthen capital market competitiveness and attract global investors.
Colourful details about a boss’s past are rarely unique and may achieve little
Top-secret sites house rows of batteries designed to support the country’s power grid during bombardments.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Freeport-McMoRan Inc. said it found five more workers dead at the Grasberg copper mine in eastern Indonesia, following a mud flow that has halted production.
An accord capping the number of long-range nuclear weapons was due to expire in February but would be extended by a year.
Copper extended gains after the biggest weekly advance in a year, as investors honed in on the outlook for interest-rate cuts by the US Federal Reserve and disruptions to supply.
Bloomberg's Shery Ahn and Alice French report on the Japanese market reaction to the surprise victory of pro-stimulus lawmaker Sanae Takaichi. (Source: Bloomberg)
Private equity firm Aurelius is exploring a sale of LSG Group’s Asia Pacific airline catering business, people familiar with the matter said.
Philippine Stock Exchange President and Chief Executive Officer Ramon Monzon said the corruption allegations surrounding the country’s flood-control projects may weigh further on the stock market.
Tata Capital Ltd. is poised to start taking orders for an initial public offering that may raise as much as 155 billion rupees ($1.7 billion), India’s biggest deal of its kind this year, and putting the country’s hot IPO market on course for a record month.
Australia and northern neighbor Papua New Guinea signed a joint defense pact, as Canberra pushes to curb China’s influence in the region.
The governing party’s unexpected choice of Sanae Takaichi to lead it rattled markets on Monday, causing the yen to weaken and sending Japanese stocks sharply higher.
Beijing’s new diplomatic forays in south Asia have stoked New Delhi fears of being ‘encircled’
Julia Leung is set to be given another three-year term as head of the Hong Kong Securities and Futures Commission, according to people familiar with the matter.
Japanese defense and tech shares soared on speculation they’ll benefit from more government spending after the election win of the pro-stimulus conservative Sanae Takaichi positions her to become the nation’s next prime minister.
Investors expect more fiscal spending and pressure on central bank to keep interest rates low
Bloomberg's Jon Herskovitz reports on how President Trump is pressing Israel and Hamas to seal a settlement to the two-year conflict that’s devastated Gaza. The warring sides are set to begin mediated talks in Egypt on Monday. (Source: Bloomberg)
xAI aims to win the tech arms race with its “Colossus” data centers, thrown up at lightning speed. The city is divided over the massive power and water demands.
Japan’s likely next prime minister Sanae Takaichi will boost equity sentiment due to her pro-stimulus plans, but her easy monetary policy stance may weigh on the yen, according to strategists.
Veeam Software is in advanced talks to buy data privacy management software maker Securiti for about $1.8 billion, according to people familiar with the matter.
The age-old art of barter is making a comeback.
People with both Chase Sapphire Reserve and American Express Platinum cards consider their options.
A hidden funding conduit has deepened economic ties between the two U.S. rivals in defiance of Washington’s efforts to isolate Tehran.
Weary Palestinians say President Trump’s peace plan isn’t perfect, but a halt to the fighting is more important.
New Zealand’s central bank said former governor Adrian Orr will be paid a total of NZ$1.18 million ($690,000) for the nine months through March, when he resigned.
Gold hit another record high at the start of the week, benefiting from a flight to safety as the US shutdown drags on.
Vietnam is on the cusp of achieving its longtime goal of being upgraded to emerging-market status by FTSE Russell, though the milestone may do little to further bolster this year’s blistering stock rally.
Crisis prep has become personal on an island facing the threat of typhoons, earthquakes, tsunamis and military invasion.
The Japanese yen dropped after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become the country’s next leader. Tokyo shares are poised for gains in early trading.
New Zealand’s dollar is set to suffer more pain as markets brace for a string of interest-rate cuts from the central bank starting this week.
Oil opened higher after OPEC and allies agreed to raise production by a modest amount next month, staving off traders’ fears of a supersized quota increase.
Argentine President Javier Milei suffered another setback as an ally dropped off the top of his party’s ticket just three weeks before a midterm election amid corruption allegations that threatened to sap support for the market-friendly leader in the crucial vote.
New Zealand’s central bank should go further with its proposals to ease capital requirements, according to a banking industry lobby group.
Prosecution case collapsed after senior security advisers said they would not testify that China was an ‘enemy’
Back from a trip to Ukraine, our international editor Philip Pan explains how this is a new kind of war.
Good morning. Japan is set to elect its first female prime minister. Indonesia revokes a suspension of TikTok’s local operations. And Taylor Swift dominates the box office with her album listening party. Listen to the day’s top stories.
Shadow chancellor says he will target welfare spending, overseas aid budget and civil service staffing to find savings
Labour’s planned overhaul of retail market aims to ‘end nasty surprises’ that often scupper house transactions
Good morning and welcome back, it’s Ainsley here with all the news you need to start your working week (for those of us who aren’t enjoying a public holiday today).Today’s must-reads:• Australia, NZ to boost economic ties• Andrew Hastie quits shadow cabinet• Israel and Hamas are set to meet
Citigroup and MUFG were among the firms stung by $2.6 billion trade that’s now at the heart of a London lawsuit, raising questions about client checks
President steps up military presence in Democrat-run cities by deploying National Guard in Chicago and Portland
Firefly Aerospace says it entered into a definitive agreement to acquire SciTec for approximately $855 million in cash and stock.
OPEC+ is showing a cautious commitment to keep battling for a share of the global oil market — despite signs that a long-awaited surplus is starting to emerge.
President Donald Trump rewrote Washington’s rules for dealing with China in his first presidency, embracing confrontation, launching a trade war and upending decades of policy. In his second term, China hawks in Washington fear that Trump is going soft.
Roland Lescure is a former industry minister who entered politics in 2017 as part of the centrist En Marche movement
Trump tries to hold Hamas to the ‘yes’ in its ‘yes, but’ response.
For executives in regulated industries, nothing is more important than pleasing the party in power.
A $20 billion swap line from the U.S. won’t cure what ails the Argentine peso.
Beijing pretends to comply, leaders in Brussels play along, and American companies bear the regulatory brunt.
A recently released affidavit relates new details about the July death in a Kansas jail of a man with medical problems who was handcuffed and face down on a bunk.
JBS’s Wesley Batista says strong US demand is pushing country towards imports despite Trump’s tariffs
Expenses are forecast to rise more than 9% in 2026, forcing executives to find savings. Plus, SGX’s finance chief talks about digital assets.
Nigel Farage’s party promised to revive local authority finances by slashing wasteful spending
Price has rocketed almost 50% this year, its best performance since 1979, as institutional investors pile in
Costco members will pay $499 a month out of pocket, the same price offered at CVS and Walmart, and on the manufacturer’s direct-to-consumer website.
The account in the federal criminal complaint, which differs significantly from an earlier homeland security statement, says the motorists rammed officers’ vehicle and that an agent shot one when she drove her car at him.
Japanese stocks and long-term government bond yields will likely rise when markets open on Monday, after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become the next prime minister. The yen was indicated weaker against the dollar.
Bond investors have ridden a profitable playbook this year to score big wins on Federal Reserve interest-rate cuts and tumbling short-term US yields.
Ian Roberts rose through the ranks of American education with talent, charm and a riveting back story. He was also hiding a shocking secret.
There were significant holdovers from the previous cabinet, but President Emmanuel Macron also named several newcomers, including Bruno Le Maire, a veteran centrist politician, as defense minister.
The move follows a judge’s order on Saturday that blocked the Oregon National Guard from deploying there. California’s governor said the state would sue.
After two years of ferocious Israeli attacks, Palestinians are wary of ceasefire negotiations. But some are starting to imagine what comes next
The UK Green Party’s new leader Zack Polanski said he wants to challenge the right-wing’s “monopoly” on patriotism, as he set out his bid to attract left-leaning Britons disillusioned by Prime Minister Keir Starmer’s Labour Party.
Kemi Badenoch, whose party is sinking in polls, outlined plans resembling Trump policies against those accused of being in the United States illegally.
After the homeland security secretary said immigration agents would attend the N.F.L. event, Bad Bunny, a Puerto Rican rapper and Trump critic, responded on “Saturday Night Live.”
On the last Friday of summer, nearly 200 Columbia University professors joined a packed lecture hall and video call where speakers blasted the Ivy League school’s $221 million settlement with the Trump administration and threatened work stoppages.
Gov. JB Pritzker of Illinois said he had ordered state agencies to investigate a raid on a Chicago apartment building where there had been reports of children zip tied “nearly naked” by federal officers.
Its new retail voting program is no ‘power grab.’
The answer isn’t to build a new system; it’s to leverage and upgrade the networks we already have to reach people where they live.
A Taylor Swift listening party, featuring personal reflections from the artist and music videos with lyrics from her new album The Life of a Showgirl, was the highest grossing picture in US and Canadian cinemas this weekend.
Plans are under way to try him in the International Criminal Court. This time he can strike first.
I’d rather be subjected to Jimmy Kimmel than protected from him by government.
A decision by Japan’s $1.8 trillion pension fund, the world’s biggest, to consider a shift into impact investing has triggered a wider adjustment among the country’s money managers.
Republicans, who hold a governing trifecta, have adopted a mostly passive stance while Democrats dig in for a fight, with both feeling they have the political upper hand.
If Democrats don’t win the shutdown fight, millions of young Americans may lose coverage because of higher prices.
Critics say opaque returns and higher costs make private equity a risky bet for retirement savers.
Prime Minister Benjamin Netanyahu of Israel took credit for an emerging agreement, but it was clear that President Trump was calling the shots.
Once the darling of the alcohol industry, small-batch beer makers are shutting down because of increased competition and flagging interest.
Plus, updates making your smart home less dumb, parental controls for ChatGPT and EA’s Aussie surfer/dealmaker and more, in this edition of the Technology newsletter.
Brazil’s Cia de Saneamento Basico do Estado de Sao Paulo acquired a majority stake in Empresa Metropolitana de Águas e Energia SA in a 1.13 billion reais ($212 million) deal, strengthening its position in the water and energy markets.
The risk premium for options is rising in assets from stocks to gold, even as implied volatility on benchmark indexes has been either steady or falling for most of this year.
Election of Sanae Takaichi is a response to voter angst over immigration and other issues that is boosting conservatives and populists worldwide.
Ahead of the crucial earnings season, threats to the torrid US stock market rally are compounding. With no end in sight for the government shutdown, traders are gearing up for the aftermath as equity valuations are at eye-watering levels and the labor market shows signs of cooling.
The Organization of the Petroleum Exporting Countries wants to regain market share lost to U.S. shale producers, Brazil and Guyana.
Christine Lagarde played down suggestions that she may have ambitions to become the next French president.
Emerging market assets look set to cap a banner year, with investors expecting inflows into equities and bonds to gain momentum in the final quarter.
Marcus Wong and Malavika Kaur Makol discuss how emerging-market assets are set to perform in the last three months of the year, with inflows set to gain traction into developing market assets.
Indirect elections and appointments are test of President Ahmed al-Sharaa’s commitment to inclusivity
Apple is intensifying the spotlight on hardware chief John Ternus as executive succession looms. Also: The company shelves the “Vision Air” to focus on glasses, but updates of the Vision Pro and iPad Pro are imminent.
Today, we take a look at the president’s sports fandom and what it reveals about his worldview.
Negotiators to meet in Cairo after partial acceptance of Donald Trump’s plan for Gaza
Iran’s foreign minister said the country is ready to resume efforts to resolve its nuclear standoff but called cooperation with the UN atomic watchdog “insufficient.”
The ability of interest rates to guide prices and the economy is diminishing
At least five people were killed before dawn in another large-scale and wide-ranging assault.
OPEC+ agreed to a modest increase in its November oil production, delegates said.
Incessant rains in Darjeeling in the eastern Indian state of West Bengal led to floods and landslides which have at least 17 people dead, according to local reports.
The attack came at a time of heightened anxiety after a deadly terrorist attack at a synagogue in Manchester.
Negotiations face challenges, potentially testing President Trump’s optimism.
Indirect negotiations through mediators are planned for Monday in Egypt, but serious obstacles remain to any deal that would free hostages in Gaza in exchange for Palestinian prisoners.
The souring of the relationship between Georgia’s billionaire master and his former aide is a cautionary tale.
Tory leader pledges to deport 150,000 people a year who do not have right to remain in UK
Newell Brands invested close to $2 billion and thousands of hours in training to move most production of Sharpie pens to a 37-year-old factory in Tennessee.
Smaller brands are capturing nearly all of the growth in packaged foods.
There are good reasons to think that simply throwing more computing power at the current models won’t do it.
The yield premium offered by investment-grade bonds has shrunk to an almost three-decade low.
Deadly rainfall, which also hit neighboring India, added to the woes of interim leaders in Nepal who took over last month after nationwide protests.
At Bavaria’s annual celebration of autumn and beer, new generations of partyers and new arrivals to Germany are adding their own twists to traditional fashion.
Some underground attractions are closed, and many outdoor sites have reduced their services.
Under a new state law, public schools can no longer sponsor gay and gender clubs or “assist” with transitioning, but implementation appears to be varying by the politics of the districts.
Nobels are awarded in only three scientific categories, but other awards honor researchers across different fields.
Colorado and more than 20 other states restrict therapists from trying to change the gender identity or sexual orientation of clients under age 18.
A proposal to expand the Defense Department’s health care plan to include in vitro fertilization is moving through Congress but could die behind closed doors, again.
Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes.
Nicaragua’s authoritarian government has begun holding dissidents without revealing their whereabouts or acknowledging their detention. Two have turned up dead.
Nicaragua’s authoritarian government has begun holding dissidents without revealing their whereabouts or acknowledging their detention. Two have turned up dead.
The wearables help dairy farmers gather more data so their animals are happier and produce more milk.
Cory Doctorow’s new book looks to offer comfort, and solutions, to the inescapable feeling that digital platforms have gotten worse.
Advisers are privately assuring the president that his policies will pay off.
OPEC+ is close to an agreement in principle to make another modest supply increase for November as the group continues efforts to recoup its share of global oil markets, despite broad expectations for a large global surplus, delegates said.
The tropical cyclone disrupted transportation, forced more than 151,000 evacuations and raised fears of flooding as it barreled toward Guangdong province.
UK Home Secretary Shabana Mahmood will give police new powers to place limits on repeated protests and is considering legislation to ban them outright, after weeks of demonstrations led to hundreds of arrests and strained resources.
The longest war of an endless Israeli-Palestinian conflict has come to challenge Israel’s own image and understanding of itself.
The city’s millions of residents are crammed together, competing for space to live, play, work and rest.
In a country where power is highly centralized, Moscow sets the tone for Vladivostok, 4,000 miles away, complicating longstanding ambitions to make it a trading powerhouse.
Vietnam’s economy likely expanded 8.22% from a year earlier in the third quarter, driven by 10% growth in the manufacturing sector, according to Finance Minister Nguyen Van Thang.
Ethiopia flipped the switch on Africa's largest hydropower project last month. For Addis Ababa this was a national milestone, but the dam has become a source of tension with Egypt and Sudan over the flow of the river Nile. Bloomberg's Jennifer Zabasajja breaks down the situation and its significance with Samuel Etienne and Fasika Tadesse. (Source: Bloomberg)
Families of captives in Gaza find private ways to stay connected to their loved ones.
Loss has become a pervasive condition of life in Europe and America.
Bitcoin set another all-time high as a broader risk rally around the US government shutdown buoyed the world’s largest cryptocurrency.
President Prabowo Subianto told the military to guard Indonesia’s vast natural resources from foreign entities, saying such groups have been “stealing” and “smuggling” the country’s assets.
Supporters argue the vote could be a milestone for the country, but critics say it is a divisive move by President Ahmed al-Shara to consolidate power.
Labyrinthine restrictions and chronic instability spawn strategies to profit from foreign exchange policies
ChatGPT maker is working with former Apple design boss to launch a palm-sized personal assistant next year
Exploiting regulatory loopholes is the name of the game
Brussels to unveil plan targeting digital sovereignty as it warns technology can be ‘weaponised’ by geopolitical rivals
Trade levies are starting to drive up costs for goods from cans of soup to car parts
UK neobank hopes fresh application will be approved amid Trump’s push for deregulation
Employers and employees grow cautious as AI and trade war threaten disruption
An Australian state is planning a new hybrid work law despite an angry business outcry
Economic populists offer an alternative to the authoritarian right, but they have to balance the righteous with the practical
Small reactors could prove too costly to be viable despite $9bn investment in power for AI boom
SeventySix Capital invests in sports-related technology, and the gaming entrepreneurs who are building the data, analytics, and technology that will power the future of sports. The firm's managing partner, Wayne Kimmel, discusses investment opportunities in the burgeoning industry with Tom Keene and Paul Sweeney on Bloomberg Surveillance. (Source: Bloomberg)
Kurdish forces that have elevated women are wary of the Islamist values of Syria’s new governors.
Founders seeking funding see U.S. investors as a better fit for the fast pace and huge upfront costs of artificial intelligence.
Malaysian activists detained by Israel while on a humanitarian aid mission to Gaza have been released and deported to Turkey, Prime Minister Anwar Ibrahim said.
Japan’s stock market will likely get support while the yen and long-term government bonds come under pressure following the surprise victory of pro-stimulus Sanae Takaichi in the nation’s ruling party leadership election.
Talks between Israel and Hamas were deadlocked for months, until one incident pushed things to the brink.
Gentry Beach, a college friend of the president’s firstborn, has left a trail of confusion abroad as he courts foreign officials and business leaders to lock up investments in mining, oil pipelines and real estate.
From grab bars to stair lifts, there are tons of ways to spend money preparing to age in place.
India’s bustling market for new equity listings is entering a crucial period, with proceeds from initial public offerings in October expected to cross a record $5 billion.
A federal judge appointed by President Trump issued a temporary restraining order, siding for now with Oregon and Portland lawyers who called federalizing the guard a presidential overreach.
Hamas said it would release all Israeli hostages but wants to negotiate elements of President Trump’s peace plan for Gaza. Adam Rasgon, a reporter for The New York Times in Jerusalem, explains where negotiations stand.
Some victims of the Cebu earthquake in the Philippines lived in homes that were supposed to withstand natural disasters.
Along with optimism that President Trump can lock Israel and Hamas into a deal, many expressed anxiety about being disappointed once more.
In a speech that lasted just minutes, the Israeli prime minister boasted that he had defied his critics to secure the release of the remaining hostages in Gaza.
In a speech that lasted just minutes, the Israeli prime minister boasted that he had defied his critics to secure the release of the remaining hostages in Gaza.
The party of Andrej Babis, a billionaire and a skeptic of military support to Ukraine, prevailed in parliamentary elections by focusing on the economy.
Advanced economies from the US to France may unleash more political theater on financial markets in the coming week, with no sign of resolution in sight over their swelling debts.
Fox Sports, the network where Mr. Sanchez works as a commentator, said he was in stable condition.
The wounded individual had non-life-threatening injuries, according to federal authorities.
Stellantis NV is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, according to people familiar with the situation.
The party of Andrej Babis, a billionaire and a skeptic of military support to Ukraine, prevailed in parliamentary elections by focusing on the economy.
The families of hostages have reacted with a mix of optimism and trepidation, urging the Israeli government to not squander the opportunity.
Sean Combs, the fallen hip-hop mogul, was sentenced to more than four years in prison for prostitution-related offenses. Ben Sisario, a New York Times reporter covering music and the music industry, explains the sentence.
Amal and George Clooney were joined at the Albie Awards by celebrities including Meryl Streep and Meg Ryan, with performances by John Legend and Brandi Carlile.
At least 175 people were detained in London for expressing support for proscribed group Palestine Action
The drone strikes killed at least one person and injured dozens of others, officials said. The attack came amid rising alarm about the status of a nuclear plant relying solely on generators.
Israel said it would cooperate with the White House to end the war, but much is still unclear about Hamas’s future and whether it will agree to disarm.
The teenagers, found unconscious on the roof of a train in Brooklyn, appear to be the latest casualties of a popular and deadly game.
President Donald Trump says "we have to get the final word down and concrete” on Gaza peace plan. (Source: Bloomberg)
Return of ANO government risks complicating western support for Ukraine
The prime minister vowed to rid the Labour Party of antisemitism. But a competing political reality, activist anger over the war in Gaza, has complicated that effort.
“We’ll see how it all turns out,” President Trump said after Hamas agreed to portions of his cease-fire plan, with conditions.
Bankers and financial institutions have been looking for solutions to fix real estate soured debt
Trump’s exclusionary view of the country strains the bonds of union.
More men are now living long enough to develop osteoporosis. But few are aware of the risk, and fewer still are screened and treated.
A writer, dissident, teacher and critic, he was deeply affected by an early experience of his life: incarceration as a boy in a concentration camp near Prague.
The German government is set to raise its economic forecasts, bringing official projections into line with those of the country’s leading research institutes, people familiar with the matter said on Saturday.
Stock traders are making a clear prediction about prediction markets: They’re fast becoming the next big thing for online gambling.
We looked at which cryptocurrency ETFs best match the performance of the underlying coins.
Jaguar Land Rover Automotive Plc is preparing a loan of as much as £500 million ($674 million) to support its suppliers after a cyberattack at the start of September brought the carmaker’s production facilities to a standstill, The Times reported.
Nicolas Maduro has tried writing a letter to Donald Trump. He offered to help the US president round up criminals from the Tren de Aragua gang. He even sent his own troops to root out encampments of guerrillas to do his part on the war on drugs.
Africa’s biggest money manager suspended its Chief Investment Officer Kabelo Rikhotso with immediate effect after claims of misconduct were made against him in whistleblower report.
Ms. Takaichi would be Japan’s first female prime minister in a country where women are drastically underrepresented at the highest levels of power.
Amongst the biggest losers in the US government shutdown: investors and policymakers who rely on key economic data from government agencies. Bloomberg Television's Shaquille Omari has more on other data at risk if the shutdown continues. (Source: Bloomberg)
If the market’s rally holds, it’ll be a third straight year of double-digits gains. Plus: A Financial Flashback to 20 years ago, the Refco commodities debacle.
The Las Vegas Aces’ win in game one of the WNBA finals on Friday brought them a step closer to winning a championship. Yet for many players, teams and fans, eyes are already on the off-season.
The US auto industry is suffering whiplash from government policy
Like Pittsburgh, the South Korean city of Pohang is synonymous with steelmaking. Its struggling local industry has been hit hard by U.S. levies.
As bishop of London, Sarah Mullally placed herself in the middle of the church’s most charged issues. But experts predict that her years treating cancer patients could inform how she approaches her new role.
The Dream Factory is going full fantasy, human factor be damned.
This week, the round table convenes to discuss who wins and who loses when the government shuts down.
Lebanon’s traffic nightmare paints a portrait of a nation verging on collapse.
About 100,000 federal workers came off the payroll last week, adding strain to an already weakening labor market.
The Israeli leader thought he had a plan from the U.S. president that would have represented total victory over Hamas. Suddenly, it looks as though he might not get everything he wants.
The military said it would prepare conditions for a hostage release, but didn’t specifically commit to a cease-fire.
Everyone’s “intentional” these days, but don’t let the word’s wholesale application to every activity of modern life deprive you of its benefits.
Pakistan is considering options for the Roosevelt Hotel in Midtown Manhattan as part of the South Asian nation’s efforts to meet its commitments to the International Monetary Fund.
Newsletter readers shared their thoughts about the future of Canada’s postal service.
The OpenAI chief executive is looking to East Asia and the Middle East to finance and accelerate an infrastructure build-out.
The coffee chain’s “Project Bloom” was months in the making, and days in execution.
A crusade is growing against Wikipedia, which says it is intent on keeping a neutral point of view.
US president ordered Israel to cease bombing but Gaza residents report scattered explosions
The International Monetary Fund will begin talks with Senegal on a new program in mid-October, Managing Director Kristalina Georgieva said following a board meeting on the country’s debt misreporting.
The White House has cut or paused billions in funding to Democratic-run cities and states since the federal government came to a halt.
Messages on official government channels blaming Democrats for the shutdown are one of the most significant hits yet to the longstanding wall between federal workers and politics, historians said.
Carriers like Spirit and Frontier have lost customers to bigger competitors and seen their costs balloon. Some are in financial distress.
A strike, and growing prospects of drastic cuts to the state-owned postal service, make life very hard for Canada’s remote communities.
Many who have tracked the music mogul’s career think his reputation has been irreparably damaged by testimony that cast him as an abusive boss and boyfriend.
Riley Walz, 23, has gained fame for his online antics. His latest stunt has upset city officials.
Riley Walz, 23, has gained fame for his online antics. His latest stunt has upset city officials.
The Trump administration has cut off funding for certain providers around the country whose offerings include abortion. Patients in Maine are among those who will feel the fallout.
The budget bill signed by President Trump suspended an effort to enroll more low-income older Americans in programs that assist them with rising health care costs.
The defense secretary cites a ‘Trump bump.’ But the Army’s recruiting surge wouldn’t have been possible without the program started three years ago at Fort Jackson.
A West Coast version of Zohran Mamdani’s campaign is playing out in Portland. But the socialist city councilors, who say the city has been “run by the rich” for too long, are facing significant opposition.
Many drug trials are vetted by companies with ties to the drugmakers, raising concerns about conflicts of interest and patient safety.
The Fort Lauderdale museum, one of the country’s oldest L.G.B.T.Q. institutions, is looking to its rich archives for lessons in how to survive a crisis. Here’s a look inside its collection.
French carmaker Renault SA is considering job cuts that could affect as many as 3,000 positions worldwide, the French news site l’Informe reported.
Japan could soon make history with its first-ever female prime minister. Hardline conservative Sanae Takaichi has been elected the new leader of Japan's ruling party, putting her on track to lead the world's fourth-biggest economy. (Source: Bloomberg)
Prime Minister Benjamin Netanyahu said Israel was ready to work with the White House to end the war, but questions remain about Hamas’s future in Gaza and whether it will agree to disarm.
As the artificial intelligence frenzy drives global equities to record highs, in Europe the momentum is flowing into industries critical to powering the technology.
France’s main air traffic controllers’ union canceled a three-day strike planned to start Oct. 7, citing in part Prime Minister Sebastien Lecornu’s decision on Friday not to invoke a constitutional tool known as Article 49.3 to bypass votes in parliament on the 2026 budget bill.
Malaysia’s financial services firm MBSB Bhd will provide MYR1.3 billion ($309 million) in funding to support the expansion of Weststar Aviation Services Sdn Bhd, the aviation arm of The Weststar Group, the Edge newspaper reported Friday, citing a statement.
Just outside New York City, Republicans are using Zohran Mamdani as an attack line for the 2026 midterms, much as they vilified the city in 2022.
Critics say the park’s drives have become increasingly chaotic as e-bike riders move through at high speeds.
Arch-conservative who models herself on Margaret Thatcher beats Shinjiro Koizumi in second-round party vote
Sanae Takaichi, a hard-line conservative, was elected as leader by Japan’s governing party, paving the way for her to become prime minister of the coalition government.
India faces tariffs, trade shifts, a volatile market and a slowing economy. So where should investors put 10 lakh rupees ($11,275)? (Source: Bloomberg)
Sanae Takaichi, elected leader of the ruling party, wants more spending and has floated reopening trade agreement struck with Trump.
Hamas’s statement inspired optimism for an end to the war, but did not address several elements of the plan that it has deemed unacceptable.
Thirty five years and five months. That’s how long it took Japan’s Topix index to hit a new high and finally mark the end of the longest bear market in history.
US broker in talks with regulator about bringing its products to Britain
Francis Dufay, chief executive officer of Jumia, Africa’s biggest e-commerce platform, tells Bloomberg Television that US tariffs are causing a shift in global supply chains, making it easier to bring goods from China to Africa. (Source: Bloomberg)
Billionaire pumped €600mn of debt into Ineos Automotive last year despite rising sales for Land Rover Defender rival
Department store falls to £34.3mn loss as more than 100 victims of former owner’s alleged abuse seek redress
Bank’s joint venture with Schroders was hampered from the start, though neither is giving up on the sector
News of the British Museum’s fundraising gala smacks of the sort of imitation and assimilation we’re good at
The US president’s threats to free speech are nothing new — and we can draw inspiration from history to defend it now
The bidding war for geniuses will antagonise those just below
Residents are protesting a planned housing facility for foreign workers, exposing the conflict between Japan’s need for labor and anxieties over immigration.
The company will give rightsholders more controls and require opt-in while seeking ways to offset cost of AI video generation..
Australian opposition politician Andrew Hastie said he resigned from the shadow cabinet due to a clash over immigration policy and it has nothing to do with challenging Sussan Ley for the leadership of the Liberal Party.
The Securities and Exchange Board of India denied reports that it was considering regulatory oversight of family offices.
Crude prices have fallen this year as Riyadh has raised output, but risks abound for the oil-producing kingdom.
Australia and New Zealand will fast-track work on a more ambitious Single Economic Market, the program that aims to integrate their economies and reduce barriers for business.
A man in a vehicle displaying a handwritten sign referring to President Trump refused to exit his car as the authorities shut down surrounding streets. The man was taken into custody.
Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here.
Political leaders in Qatar are leaning toward accepting President Trump’s plan, but military commanders in Gaza are resisting surrendering arms and giving up hostages.
Most of the slots would go to white South Africans and others facing “unjust discrimination,” according to people familiar with the matter and documents obtained by The New York Times.
In a social media post, the far-right Georgia congresswoman called on Senate Republicans to eliminate the filibuster, lowering the threshold on future legislation to a simple majority.
Residents of a small New Jersey town mourned the deaths of the 17-year-old friends as a third teenager was charged with hitting them intentionally at 70 miles per hour.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Former Deputy Secretary of State Wendy Sherman gives new reaction to news Hamas has agreed to release all Israeli hostages following President Trump's ultimatum & Rep. Gregory Meeks (D-NY) states “there’s still hard work to be done,” when talking next steps. (Source: Bloomberg)
The largest federal employees union filed a lawsuit accusing the US Department of Education of unlawfully inserting partisan language into the automated out-of-office emails sent from accounts of furloughed workers during the government shutdown that began Wednesday.
From London to L.A., millionaires are relocating to Italy’s business capital to discover a city in the middle of a renaissance
The Salvadoran journalist was arrested in June while covering a “No Kings” protest outside Atlanta. Those charges were dropped, his lawyers said.
The pop star’s new album arrived with a limited-run film in which she debuts a video for “The Fate of Ophelia” and chats about the LP’s songs.
Japan’s ruling Liberal Democratic Party is poised to elect its new leader on Saturday, in a vote that is also likely to determine who will become Japan’s next prime minister.
Lisa Barlow, founder of Vida Tequila, says expansion is always the goal, noting the brand also offers a hard seltzer in Ulta. She tells Romaine Bostick and Katie Greifeld on “The Close” that tequila is the fastest-growing spirit category. (Source: Bloomberg)
He played for the Ravens when the team won the Super Bowl in 2013.
This week, as the Federal Reserve is watching the labor market closely, Steven Rattner shares his outlook on jobs, rates, and growth. And, Ford CEO Jim Farley talks about the future of Ford, the essential economy, and the policies shaping American manufacturing. Plus, can Australia move beyond resources and build a new growth model? Later, how AI is giving doctors more research and more time to see patients. All this on Wall Street Week. (Source: Bloomberg)
Russell Galbut, founder of Crescent Seas and Crescent Heights, joins Bloomberg Businessweek Daily to discuss his company's development of 'Homes at Sea.' Crescent Seas takes cruise ships and converts them into mobile, floating residences. Galbut discusses renovations, costs, why these units can be an attractive real estate option, and more. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Audacious plan would give Washington a mineral gateway near China’s flank
Mexican mining magnate German Larrea’s Grupo Mexico SAB offered to buy full control of Citigroup Inc.’s Banamex unit, a potential disruption in what had been a plan to convert the business into a publicly traded company by initially selling a stake to another Mexican billionaire.
Long-running film series are sputtering at the box office. Universal wants to cut the budget of its most important franchise by $140 million.
Amazon’s Alexa+ and Google’s Gemini for Home provide natural conversations while Ring cameras will soon find lost dogs.
Detavio Samuels, CEO of Revolt, says Offscript is a vertically integrated company that helps creators produce, distribute and monetize content. He tells Romaine Bostick and Katie Greifeld on “The Close” the core focus is on creators anchored on YouTube. (Source: Bloomberg)
Fired analyst Kathryn Shiber said elite boutique should have accommodated her need for sleep over mood disorder
Is it “fun” and an “unprecedented opportunity,” or is it “madness” that must end? Depends who’s talking.
The Trump administration overstepped its authority when it fired members of Puerto Rico’s financial watchdog in August, the US District Court of Puerto Rico ruled.
The ruling was an astonishing rebuke of both the Justice Department and some of its top officials, including Todd Blanche, the deputy attorney general.
Former Deputy Secretary of State Wendy Sherman gives new reaction to news Hamas has agreed to release all Israeli hostages following President Trump's ultimatum. Sherman speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
David Moore, president of Novo Nordisk Inc., says the company is in talks with the administration about improving affordability and access to medicine. He tells Romaine Bostick and Katie Greifeld on “The Close” that Novo Nordisk also wants to expand insurance coverage. (Source: Bloomberg)
The company said it had closed its remaining 89 stores this week after struggling for years to stay in business and filing for bankruptcy protection twice.
The measure, a compromise with companies like Uber, could serve as a model for other states.
The government shutdown has prevented a U.S. Air Force group and possibly a Navy squadron from attending signature air shows in California. Instead, a Canadian team is set to be the headliner.
Rep. Gregory Meeks (D-NY) discusses Hamas agreeing to free all Israeli hostages and states “there’s still hard work to be done,” when talking next steps. He also talks the latest as the government shutdown continues, and his thoughts on the White House freezing $18B in NYC funding. Representative Meeks speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Senate votes to reopen the federal government failed to pass on Friday
For more than two decades, US money managers have looked on enviously as Vanguard Group reaped the benefits of a unique structure that grafted the advantages of an ETF onto its biggest mutual funds. The design, protected by patent, saved its investors billions of dollars and helped the Jack Bogle-founded firm grow into an $11 trillion giant. Now, in what could be the most consequential shift in the American investment industry in years, Vanguard is finally set to lose that competitive edge. Dozens of rival asset managers are on the brink of adopting the same structure, after the US Securities and Exchange Commission indicated it will allow the quantitative firm Dimensional Fund Advisors to do so in the coming weeks. Bloomberg News Cross Asset Reporter Emily Graffeo joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Also, the U.S. attacked a fourth boat in the Caribbean Sea. Here’s the latest at the end of Friday.
The market party rolls on as Wall Street notches a sixth straight day of gains thanks to another wave of AI dealmaking. Goldman’s David Solomon sees the US economy speeding up next year on tech strength. And Fed Governor Stephen Miran joins "Bloomberg Open Interest" in studio as the shutdown drags into day three. Plus, Rivian under pressure to rework its vehicle doors after safety concerns surface. And Snap-On CEO Nick Pinchuk discusses the state of the labor market. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
"This is diplomacy," Rep. Gregory Meeks says when asked about President Donald Trump's 20-point peace proposal in Gaza. "This will ultimately solve what's happening in the Middle East." Rep. Meeks speaks on Bloomberg's Balance of Power. (Source: Bloomberg)
The California Governor takes credit for Elon Musk’s success, but then why keep subsidies going?
Cerebras Systems Inc. has filed to withdraw paperwork for an initial public offering more than a year after publicly unveiling plans.
“My domestic violence will always be a heavy burden that I will have to forever carry,” Mr. Combs said in a 12-minute presentation.
September closed with $207.5 billion of US high-grade issuance, ranking fifth all-time for monthly volume. Meanwhile, $57 billion of new junk bond sales were syndicated, marking the third-highest monthly total on record. Zachary Griffiths, head of US investment grade & macro strategy at CreditSights, and David Rosenberg, head of liquid performing credit at Oaktree Capital Management, join Scarlet Fu on "Bloomberg Real Yield". (Source: Bloomberg)
Coinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office of the Comptroller of the Currency, the company said Friday.
Beijing is pushing the Trump administration to roll back national-security restrictions on Chinese deals in the US, using the prospect of a massive investment package as leverage. Baird Tech Strategist Ted Mortonson discusses the breaking news in the context of reports that AI processors from Huawei contain parts from TSMC, Samsung, and SK Hynix. Mortonson speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Vishy Tirupattur from Morgan Stanley says despite a shutdown, the 'die has been cast' for the Fed's next rates move. He speaks alongside Jamie Patton from TCW on "Bloomberg Real Yield". (Source: Bloomberg)
Consider the Klarna experience
Vercel CEO Guillermo Rauch says the blowback to his social media post about meeting with Israeli Prime Minister Benjamin Netanyahu hasn’t cost the startup any customers or employees, but he is sorry for anyone hurt by the situation. Rauch also speaks to “Bloomberg Tech” about the company’s latest fundraise at a $9.3 billion valuation. (Source: Bloomberg)
Jamie Patton co-head of global rates at TCW, speaks on "Bloomberg Real Yield" with Scarlet Fu about the current state of the credit as spreads sit near historic lows. (Source: Bloomberg)
On today’s Big Take podcast: Colleges need money. Can baby boomers living on campus help?
Sophie Roske traveled from California to Maryland intending to kill Justice Brett Kavanaugh, then changed her mind and called 911.
Tory leader says decision did not ‘come lightly’ as she seeks to regain the political initiative amid rising support for Reform
Dmitry Shevelenko, Perplexity chief business officer, says the company is taking on a trillion-dollar competitor with its AI browser – Comet – that is now free to everyone. Shevelenko joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Grenadilla Advisory founder and CEO Anna Rathbun says the government shutdown doesn't matter for tech investing, as deals are still getting done. She discusses opportunities AI is creating in a growing number of adjacent industries on “Bloomberg Tech.” (Source: Bloomberg)
Misty Heggeness, author of “Swiftynomics: How Women Mastermind and Redefine Our Economy,” discusses the release of Taylor Swift’s new album “The Life of a Showgirl” on “Bloomberg The Close.”
Stretched valuations, AI investment surge add to investors’ concerns.
The Trump administration has tried to end deportation protections for more than 300,000 Venezuelan immigrants.
Find insight on the airline industry, the freight industry and more in the latest Market Talks covering Auto and Transport.
Nearly 41 percent of U.S.-born infants participate in the Special Supplemental Nutrition Program for Women, Infants and Children, which may not have enough funding for an extended government shutdown.
Music mogul’s trial was a closely followed reckoning with sexual misconduct allegations
‘Government Motors’ has received new orders from government: Build cars that people want.
The country’s leaders created the environment in which a jihadist attacked a Manchester synagogue.
The governor sees the state fund as a playpen.
Allow all energy sources to compete freely to deliver electricity at the lowest price.
A lot of things got worse in September. The government shut down, US job prospects dimmed, and debates around central bank autonomy grew deafening.
Israel’s shekel jumped to a session high after Hamas said it’s agreed to release all Israeli hostages and accepted other parts of US President Donald Trump’s plan to end the war in Gaza ahead of the Sunday evening deadline.
Hamas agreed to release all Israeli hostages captured in its Oct. 7 attack and accepted other parts of US President Donald Trump’s plan to conclude the war in Gaza ahead of his Sunday evening deadline. Eric Martin reports on “Bloomberg The Close.”
Speculation abounds as to which songs have references to the various celebrities in Ms. Swift’s life.
The trustee overseeing bankrupt Tricolor Holdings is investigating possible wrongdoing by the subprime auto lender before its collapse in order to raise money to pay creditors, a lawyer said in court Friday.
From what little we do know about the airstrikes in the Caribbean, the operation doesn’t make much sense.
The conservative ideas behind the Trump administration’s “compact” for universities were developed in part by Marc Rowan, a wealthy financier who has sought to shape higher education.
As the New York City mayor’s race enters its final phase, Former Gov. Andrew M. Cuomo hopes the capitalize on Mayor Eric Adams’s decision to end his campaign.
As the tension between Trump and Fed mounting, Jeb Hensarling, Strategic Advisor TXSE and the former Chairman of the House Financial Services Committee urged Congress to install guardrails to keep Fed's Independence and policy insulated from political pressures. He discussed it on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
The militant group responded to a proposal by President Trump to end the war in Gaza.
Jeb Hensarling said that shutdowns aren't good for anybody and urged Congress to enact an automatic continuing resolution to keep the government funded while negotiations continue. He spoke about the government shutdown on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
The Texas Stock Exchange is taking a big step closer to becoming a reality after SEC approved it to register as a national securities exchange. Jeb Hensarling, Strategic Advisor TXSE said that he's excited for the change because US has been trading duopoly for too long. He discussed the story on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
The US Treasury is considering minting a $1 coin featuring President Donald Trump’s visage to commemorate the nation’s 250th birthday, according to officials.
The publications in Alaska lost significant staffing after the owners made changes to an article that had drawn criticism from a Republican state lawmaker.
Hi, it’s Ryan Gould and Michelle F. Davis in New York. Happy Friday. Today we’re recapping our $40 billion data center scoop. Plus, 3M is exploring asset sales and a big IPO in India backed by big names could be brewing.
The militant group responded to a proposal by President Trump to end the war in Gaza.
Stephen Schwarzman and Ken Griffin among owners of residences inside five-star Peninsula hotel
The militant group responded to a proposal by President Trump to end the war in Gaza.
Tether Holdings SA and a company with close ties to Bitmain Technologies Ltd., the Bitcoin hardware giant, are in talks to raise capital for a public vehicle that would accumulate tokenized gold.
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss Fed Governor Stephen Miran suggesting he would adjust his view of inflation if rents were to increase. Bloomberg's Michael McKee joins the show to break it down. Also on today's show, LinkedIn Chief Economist Karin Kimbrough talks private jobs data showing a 'steady but fragile' jobs market, Bloomberg's Sridhar Natarajan on Goldman's Solomon expecting the US economy to accelerate, and his profile of Jane Street's enigmatic billionaire co-founder Rob Granieri. Plus, Incredible Health Chief Executive Officer Dr. Iman Abuzeid examines workforce trends in health care. (Source: Bloomberg)
Dr. Iman Abuzeid, Co-founder and CEO of Incredible Health, believes that there is still strong demand in health care hiring, with jobs numbers still increasing, albeit at a lower rate than before due to broader economic factors. She joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss these workforce trends. (Source: Bloomberg)
The looming shutdown of the US government is threatening to interrupt the recent IPO revival, with companies facing a tight deadline to secure approval as the market regulator prepares to halt most of its activities. Sichenzia Ross Ference Carmel Partner Ross Carmel speaks with Scarlet Fu on the matter. (Source: Bloomberg)
Defense Secretary Pete Hegseth said four people were killed when an alleged drug-trafficking boat was hit on Friday morning.
A member of the family that owned the Washington Post, Weymouth pursued a career in journalism.
An initial review of bankrupt subprime auto lender Tricolor Holdings’ records shows that at least 29,000 loans pledged to creditors were tied to vehicles already securing other debts.
Aaron Siri is leading legal efforts on policies that dovetail with parts of Health Secretary Robert F. Kennedy Jr.’s government agenda.
David Solomon expects the US economy to accelerate into 2026 due to tailwinds from continued stimulus and tech spending. The Goldman Sachs Group Inc. CEO said the economy was "still in pretty good shape" despite the impact of tariffs and a slower US job market. Bloomberg's Sridhar Natarajan joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss Solomon, and Jane Street's enigmatic billionaire co-founder Rob Granieri. (Source: Bloomberg)
President Trump unveiled a proposal to end the war in Gaza and gave Hamas until Sunday to agree, after which he has said that Israel would have his “full backing” to eliminate Hamas.
Russian President Vladimir Putin delivered a warning shortly before drones were spotted in European skies: that Moscow is ready to respond to NATO efforts to boost support for Ukraine in the war.
The suit argues that the new fee would harm schools, hospitals, churches and small businesses across the country.
The investment giant’s new consortium is nearing a deal to buy Aligned Data Centers.
The Trump administration is emphasizing defense concerns instead of climate research in the rapidly warming Arctic region.
Patrick McHenry, Bloomberg contributor and former republican congressman from North Carolina, lays out how he sees the path forward for both parties as the government shutdown drags on. He also reminisces on the 2 year anniversary of the votes to oust former House speaker Kevin McCarthy. (Source: Bloomberg)
Federal Reserve Governor Stephen Miran said he’d amend his inflation view if housing costs unexpectedly jumped, conceding that his out-of-consensus opinion isn’t necessarily set in stone. Miran pointed to factors like stricter immigration policies under President Donald Trump and trends in average rent prices that are likely to bring housing inflation down. This comes as private-sector indicators point to sluggish hiring and modest pay gains in the labor market. Recent figures on the labor market suggest a labor market that is still expanding but at a slow pace, with job creation losing momentum across most sectors. Bloomberg's Michael McKee joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break it down. (Source: Bloomberg)
Prime Minister Mark Carney of Canada will travel to Washington next week to meet with President Trump to try to ease some of the tariffs imposed by the United States.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the government shutdown entering its third day. On today's show, Republican Senator Todd Young of Indiana, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Republican Congressman Patrick McHenry (Source: Bloomberg)
If these podcasts really wanted to nurture enthusiasm for science, they should celebrate the hard work that goes into finding the right answer.
Republican Senator Todd Young called the shutdown a "manufactured crisis" created by Democrats and said negotiations on issues like health care subsidies can take place once the government is opened. (Source: Bloomberg)
Antoni Lallican, a Paris-based photographer, is the first working journalist to be killed by a remotely piloted drone during the war, according to press associations.
Braskem SA, the Brazilian chemical giant, tapped the entirety of a $1 billion credit line amid an industry downturn and mounting investor concern, according to people familiar with the matter.
Federal Reserve interest-rate cuts are likely to lead to an economic rebound next year that spurs investors to bet on rate increases by late-2027, Citigroup Inc. strategists say.
Federal Reserve Bank of Dallas President Lorie Logan said the US central bank is further away from its inflation target than it is from the maximum employment goal, and reiterated that officials should move cautiously with interest-rate reductions.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Texas Stock Exchange Strategic Advisor Jeb Hensarling and Sichenzia Ross Ference Carmel Partner Ross Carmel (Source: Bloomberg)
The statue, titled “Best Friends Forever,” was reinstalled after it was removed last week. An anonymous group of artists has taken credit for the work.
It was the fourth strike in the Trump administration’s legally disputed campaign targeting suspected drug runners in the Caribbean Sea.
3M Co. is considering selling billions of dollars of assets from its industrials operations as it looks to carve out low-growth businesses, according to people familiar with the matter.
With the Conservatives at their lowest ebb ever, leader Kemi Badenoch faces a fierce struggle to maintain the party’s relevance
The Democratic front-runner for mayor of New York said that “these are the actions of one who is cruel to this city.”
Leveraged buyouts almost always lead to cost-cutting in the form of big layoffs
Synagogue attack comes amid a sharp rise in anti-Jewish prejudice
Palantir Technologies Inc.’s stock fell more than 8% on Friday following a report that its battlefield communications system, along with that of defense tech firm Anduril Industries Inc., was seriously flawed — a claim both companies said was out of date and inaccurate.
President Emmanuel Macron blamed Russia for the death on Friday of a French photojournalist, Antoni Lallican, in a drone attack while on assignment in Ukraine.
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: TCW Co-Head of Global Rates Jamie Patton,Morgan Stanley Director of Quantitative Research Vishy Tirupattur,CreditSights Head of US IG & Macro Strategy Zachary Griffiths, and Oaktree Head of Liquid Performing Credit David Rosenberg (Source: Bloomberg)
Federal Reserve Vice Chair Philip Jefferson on Friday repeated his concerns that the central bank is juggling both a softening labor market at the same time that inflation remains above target.
Oaktree Capital Management is seeking new minority investors for Pure Data Centres Group to raise at least £800 million ($1.1 billion) to bankroll the expansion of the UK data center developer, according to people familiar with the matter.
In the newly released video, two officers can be seen outside of the Latter-day Saints church, along with a bystander holding a handgun. The shooter died in an exchange of gunfire.
The Texas Stock Exchange is expected to begin trading during the first quarter, according to a key adviser to the new marketplace.
MAK Acquisition Corp., a blank-check company led by former Dye & Durham Ltd. executives, filed for a $100 million initial public offering, seeking to capitalize on investor interest in technology and defense-related deals.
The money had been designated to modernize the city’s “L” trains. Illinois officials condemned the move, saying it was motivated by political revenge.
Apple’s stock is getting a rare downgrade. Jefferies cutting the iPhone maker to underperform - arguing investors are too bullish on the company’s smartphone outlook at current valuations. Edison Lee, the analyst behind the call, joins "Bloomberg Open Interest" to talk about his move. (Source: Bloomberg)
Economists and investors say there are scattered signs of self-censorship
Peter Beck’s Rocket Lab is increasingly competing with the space industry’s biggest companies.
Novo Nordisk A/S plans to launch its new obesity pill on telehealth sites like Ro and WeightWatchers as soon as it’s approved. The move is an attempt to win back market share from rival Eli Lilly and Co., which has pulled ahead in the weight-loss drug race.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
The actress joined Spike Lee, Billie Eilish, Pedro Pascal and others in reviving the Committee for the First Amendment, a group that her father, Henry Fonda, was a member of in the 1940s.
Treasury options pricing suggests that the US government shutdown that began Oct. 1 will last at least 10 and as many as 29 days, according to interest-rate strategists at Morgan Stanley.
The US Government Accountability Office is assessing the risks posed by private credit, in a sign that Washington is further scrutinizing the impact of the $1.7 trillion industry on the broader economy.
Focus in the coming week will center on any developments with the U.S. government shutdown. Wednesday’s minutes for the last Federal Reserve meeting will attract a good deal of attention.
Boeing Co.’s 777X is slated to fly commercially for the first time in early 2027 instead of next year, people familiar with the matter said, a fresh setback to the US planemaker that sets the stage for potentially billions of dollars in accounting charges. Deutsche Lufthansa AG, the launch customer for the widebody aircraft, is already making plans for such a delay. The German airline isn’t including the 777X in its fleet plans until 2027, said one of the people, who asked not to be identified because the matter is confidential. Officials at Emirates, the 777X’s biggest customer, have also grown more cautious as it looks at entry into service possibly not before 2027. Bloomberg's Siddharth Philip reports. (Source: Bloomberg)
We didn’t get the September payrolls data this morning because of the government shutdown. But there are still ways to track the labor market - whether it’s alternative data on your Terminal or talking to people with boots on the ground. Snap-on Chairman and CEO Nicholas Pinchuk joins "Bloomberg Open Interest" to talk about the state of the US economy and the labor force. (Source: Bloomberg)
BlackRock Inc.’s Global Infrastructure Partners is in advanced talks to acquire Aligned Data Centers, targeting a major beneficiary of AI spending in one of the year’s biggest deals, according to people familiar with the matter. Aligned, which is backed by Macquarie, could be valued at about $40 billion in a transaction, one of the people said. An agreement could be announced within days, the people added, asking not to be identified because the information is private. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)
The situation is so dire, that the world’s nuclear powers may just come to a new agreement for peace, Bloomberg Opinion columnist Andreas Kluth explains. (Source: Bloomberg)
Legendary short-seller Jim Chanos is warning the private debt boom could unravel after First Brands’ collapse. He tells the Financial Times more companies could fall when the cycle turns. One of the firms now backing First Brands is Beach Point. Portfolio Manager Sinjin Bowron joins "Bloomberg Open Interest" to talk about the fallout and the vulnerabilities in private credit. (Source: Bloomberg)
Bitcoin approached its all-time high as a broader risk rally around the US government shutdown buoyed the world’s largest cryptocurrency.
The Russian president warned against fulfilling a Ukrainian request for more powerful long-range missiles, while also suggesting President Trump would decide against the idea.
Gusty weather drives huge amounts of wind power into the grid
After revolutionising the music industry, the streaming mogul is stepping back but not giving up
The move will deprive the Fed of key statistics and further dent America’s global economic leadership
Vitol Group has built up a significant position in North Sea crude, indicating a bullish bet on benchmark prices despite signs of a looming increase in global supplies.
China is pushing the Trump administration to roll back some national-security restrictions on Chinese deals in the US. In return, Xi Jinping's negotiators say China could make massive investments in the US. Bloomberg's Eric Martin reports. (Source: Bloomberg)
Paramount Skydance Corp. is poised to buy the startup news outlet the Free Press and name its founder, journalist Bari Weiss, as the editor-in-chief of CBS News, according to people familiar with the matter.
Superpowered ETFs make money fast, but cost more than you know.
Tory conference will take place this weekend in a city that remains in shock from Thursday’s horrific terrorist attack on a synagogue. Even so, the gathering in Manchester will still go ahead.
Ever since OPEC+ started ramping up supplies in April, the group has drawn reassurance from one key oil indicator: the price curve. As it prepares to meet this weekend, that gauge is faltering.
The Second Amendment case involves a Hawaii law that generally prohibits firearms on private property that is accessible to the public.
Also: A big week for gold CEOs
Argentine bonds have soared or tumbled on every headline that has peppered trading screens over the past two weeks in a frenzy of volatility. Some investors see local traders behind many of the moves as foreigners hold tight.
European Central Bank Executive member Isabel Schnabel said that investor and other financial market participants are possibly underestimating risks.
Treasuries yields were poised for their biggest declines in a month, as the US government shutdown delayed key economic reports and left investors questioning how the Federal Reserve will navigate its next moves.
An interview with the conservationist is the first in a new series, “Famous Last Words.” More episodes are in the vault, their subjects unknown, for now.
Bridgewater Associates’ flagship macro fund climbed 26.4% in the first nine months of this year as tariff-fueled market uncertainty boosted the firm and its peers. Bloomberg's Nishant Kumar reports. (Source: Bloomberg)
Excitement over the artificial intelligence trade is stoking investor bullishness on US stocks while also raising the risks of a rapid selloff, according to Goldman Sachs Group Inc.’s trading desk.
The president’s decision to charge employers $100,000 per visa for skilled workers seemed to come out of nowhere. But the grievance behind it has been simmering.
The agreement by Electronic Arts Inc. to sell itself to a group of investors — a deal that would be the largest leveraged buyout on record — has created an attractive money-making opportunity in a corner of Wall Street known as merger arbitrage. Arbitrageurs, known as arbs, seek to profit from the gap between where a stock trades today and the price a buyer has agreed to pay.
President Trump said Hamas would be “extinguished” if it did not agree to a cease-fire proposed by the United States.
OPEC+ nations are trying to reach consensus on how to adjust their oil production next month, with either a modest or more substantial supply increase possible, delegates said.
The US government shutdown would have to last over a month for the bull run in US stocks to hit the brakes, the latest Markets Pulse survey showed.
For the Climate Forward live event, we gathered recordings of a melting glacier, the Amazon jungle and the underwater Arctic, all soundscapes that are rapidly changing.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Rivian is reworking a key element of the vehicle doors of its next-generation SUV after employees and customers raised concerns over potential safety issues with the current design. Ed Ludlow reports on Bloomberg Television. (Source: Bloomberg)
Governments and experts are worried that a superintelligent AI could destroy humanity. For some in Silicon Valley, that wouldn’t be a bad thing.
The president warns that “all HELL” will break out in Gaza if the group does not comply with this latest demand.
The market for new stock offerings is booming again, and access is easier than ever, but beware the risks.
Rick Rieder, global fixed income chief investment officer at BlackRock, discusses relying on alternative means of economic data and why he sees labor as the most critical piece of information over the next five years, saying, “the primary focus has got to be let’s keep full employment where it is, however we get there.” (Source: Bloomberg)
The ISM’s purchasing managers index for services providers fell to 50.0 in September from 52.0 in August. Economists expected it would remain at the same level of expansion.
US president warns militant group that ‘all HELL . . . will break out’ if it does not sign up to his deal
Treasure hunters found roughly 1,000 silver and gold coins off the east coast of Florida this summer. Many have visible dates and mint marks.
Federal Reserve Governor Stephen Miran says he'd change his view on inflation if housing costs unexpectedly jump. He also says he's not afraid to offer out-of-consensus opinions and explains why he does not think the neutral rate is zero. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
The Indian comedian Kunal Kamra was forced offstage after a political joke led to a mob attack. Unlike Jimmy Kimmel, he is unlikely to return anytime soon.
Competition is heating up in the rapidly growing arena of municipal-bond exchange-traded funds.
Emails reveal the Office of the Director of National Intelligence tried to avoid conducting a full blown damage assessment of the hundreds of classified documents retained by then-former President Donald Trump at Mar-a-Lago.
Gov. Kathy Hochul had described the cuts, which would have devastated New York’s intelligence and counterterrorism operations, as “utterly shocking.”
The European Parliament is considering accelerating a phaseout of Russian oil and gas imports in a bid to sever ties definitively with the region’s former top energy supplier.
The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation. The figure was weaker than all estimates in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Federal Reserve Governor Stephen Miran explains why he does not think the neutral rate is zero and also says he hopes to get monthly unemployment data before the next Fed meeting. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years, the latest indication of swelling global volumes ahead of a likely period of oversupply.
Zohran Mamdani wants to phase out the city’s gifted program for kindergarten students if elected, a proposal that drew intense criticism and praise.
Federal Reserve Governor Stephen Miran said he’d amend his inflation view if housing costs unexpectedly jumped, conceding that his out-of-consensus opinion isn’t necessarily set in stone.
BlackRock Inc.’s Global Infrastructure Partners is said to be in advanced talks to acquire Aligned Data Centers in a transaction that could be valued at about $40 billion. Ed Ludlow reports on Bloomberg Television. (Source: Bloomberg)
Our system is a mess but experts have already set out what would make it coherent, efficient and equitable
A UnitedHealth Group Inc. shareholder has filed a proposal to require an independent board chair distinct from the chief executive officer, roles that were combined when Stephen Hemsley returned to lead the company this year.
ICEBlock, a widely used app, was dropped from the company’s App Store after concerns were raised by the Justice Department that it could put law-enforcement officers at risk.
ICEBlock, a tracking app, was dropped from the company’s App Store after concerns were raised by the Justice Department that it could put law-enforcement officers at risk.
M&A compounders including Danaher, Roper and Idex are underperforming benchmarks as the market splits between AI haves and have-nots.
The number of fast-charging ports​ in the U.S. has surged after a two-year construction spree—just as electric​-vehicles​ sales are expected to plunge​.
Governments need to be careful about how they lean on industrial policy to support key sectors including energy given the significant economic risks attached, the International Monetary Fund warned on Friday.
A congregant in Manchester, England, described how fellow worshipers, including the rabbi, used their bodies to barricade the entrance as the assailant tried to force his way in.
Izzy Englander’s $79 billion Millennium Management is assembling a new investment team out of Dubai to trade across commodities markets, according to a person familiar with the matter.
Argentine President Javier Milei’s brief pause on crop export tariffs last week, implemented to shore up the nation’s finances, sparked the biggest wave of bookings on record. Commodity traders and farmers are now grappling with the fallout.
In this week’s Votes and Verdicts podcast, Bloomberg Intelligence’s litigation and policy team examines several key catalysts. Justin Teresi examines how a new antitrust case against Zillow and Rocket’s Redfin challenging a 1Q deal between the two likely has steam and might spell significant changes or an end to the arrangement. Matthew Schettenhelm looks at President Donald Trump’s executive order on TikTok and the ramifications it may have for any potential legal challenges. Holly Froum explai
Prime Minister Sébastien Lecornu ruled out using a constitutional tool that would avoid a full parliamentary vote, hoping for compromise among divided lawmakers.
US stocks traded higher on Friday as risk-on momentum spurred by bets on artificial intelligence and expectations for further interest-rate cuts buoyed the market.
Mozambique’s 2031 bonds rallied after Eni SpA approved a $7.2 billion floating liquefied natural gas project and TotalEnergies SE signaled it’s ready to resume work on a massive development in the nation’s north.
Shocked family condemns atrocity as ‘heinous act’
Pharmaceutical stocks are poised to cap off their best week in 16 years as a drug-pricing and tariff deal with the US government helped ease an overhang that’s been weighing on the sector for most of the year.
Italian premier under fire amid strikes and clashes with police in solidarity with Palestinians
A judge ruled that Finland did not have jurisdiction to prosecute a case against a ship believed to be a part of Russia’s “shadow fleet.”
Fund managers in Canada are pushing their chips into sectors expected to benefit from Prime Minister Mark Carney’s plan to fast-track major infrastructure projects and become less reliant on trade with the US.
Monthly earnings drop by 42% over five years following first birth, ONS finds
No monthly US jobs report was released Friday due to the government shutdown. But there is still plenty of economic data for Wall Street to watch out for. Many reports in recent days pointed to sluggish hiring, limited layoffs, modest pay gains and easing demand for workers in September. Bloomberg's Michael McKee reports. (Source: Bloomberg)
Paul Singer’s Elliott Investment Management escalated a legal fight with a Texas-based private equity firm it has accused of charging excessive expenses.
The US government shutdown extended to a third day with President Donald Trump threatening to fire thousands of government workers, while lower-level negotiations have failed to strike a deal and another Senate vote Friday on a House-passed temporary spending bill is expected to fail. Laura Davison reports on Bloomberg Television. (Source: Bloomberg)
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you're signed up.Brussels is bracing for the results of an election in the heart of Europe this weekend that has the potential to shift the balance of the bloc. On the ballot in the Czech Republic is the potential re-election of Andrej Babis, a billionaire populist who held the premiership for four years until 2021.
DoubleLine Capital says the popular strategy of betting on a steeper Treasury yield curve has plenty of room to run with the political gridlock in Washington only lending support to the trend.
A billionaire Conservative Party donor and his family almost tripled the annual payout from their business empire, pocketing the windfall as fears grow over UK tax hikes.
A blaze broke out at Chevron’s El Segundo refinery in Los Angeles County, the latest threat to fuel supplies in a state that’s already bracing for shortfalls. (Source: Bloomberg)
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
Arabica coffee futures climbed in New York on worries over dry weather in top grower Brazil during a crucial phase of crop development.
Universities are under pressure to find new ways to raise revenue, after a landmark federal settlement over athletes’ name, image and likeness. Bloomberg's Janet Lorin explains. (Source: Bloomberg)
“Right now, we don’t see signs of acceleration, we see signs of soft landing, sub-trend growth,” says Priya Misra, portfolio manager at JPMorgan. She calls economic re-acceleration a narrative that’s trying to fit market price action. (Source: Bloomberg)
HSBC Holdings Plc’s head of equity capital markets for Central and Eastern Europe, Middle East and Africa is set to leave, the latest departure as the lender undergoes a sweeping overhaul.
But the country may once again fail to protect its economy from China competitiveness “shocks.”
President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day. “It’s likely going to be in the thousands,” White House press secretary Karoline Leavitt told reporters on Thursday, saying that the “entire team at the White House” was working to identify possible cuts. On the economic front, David Solomon expects the US economy to accelerate into 2026 as tailwinds from continued stimulus and tech spending outweigh a softer labor market and geopolitical turmoil. Today's guests: Seema Shah, Principal Asset Management Chief Global Strategist, Robin Niblett, Chatham House Distinguished Fellow and former CEO (Source: Bloomberg)
The US president has repeatedly boasted about his success in ending multiple wars
A consortium backed by Boyu Capital is exploring a potential acquisition of marketing firm Infront Sports & Media AG from Chinese conglomerate Dalian Wanda Group Co., according to people familiar with the situation.
The US Supreme Court so far has largely accommodated Donald Trump’s assertions of sweeping presidential power. The term that starts Monday will determine just how far the court is willing to go.
Donald Trump's trade war is fueling the South-South trade. One striking example is the growing auto trade between India and South Africa. Indian automaker Mahindra is boosting its capacity at its Durban plant to capitalize on growing demand for bakkies in the continent. (Source: Bloomberg)
Etienne Lacroix’s company, Vention, builds ‘collaborative robots’ that work beside humans to make factories more efficient
Poland’s government plans to offer more local-currency bonds than ever this quarter in a sign of confidence over continued investor demand after the cabinet warned about growing public debt.
Investors are grappling with a blackout of official government economic data that’s forcing them to rely more heavily on reports that usually get far less attention.
For more than two decades, US money managers have looked on enviously as Vanguard Group reaped the benefits of a unique structure that grafted the advantages of an ETF onto its biggest mutual funds. The design, protected by patent, saved its investors billions of dollars and helped the Jack Bogle-founded firm grow into an $11 trillion giant.
Russia’s oil proceeds going to the state budget shrank by a fifth in September compared with a year earlier, following a drop in global crude prices and a strengthening of the nation’s currency.
A tech-fueled rally in global stocks continued unabated as another round of big-ticket artificial intelligence partnerships stoked fresh optimism. European stocks were set to hit a record high and have their best week since May. The BBVA Chairman and Sabadell CEO clashed in exclusive interviews. A 17 billion euro takeover deal would create a new Spanish banking giant and push BBVA closer in size to the country's biggest lender, Banco Santander. A gauge for Asian tech stocks led the charge with a new record as Japan’s Hitachi teamed up with OpenAI while Fujitsu and Nvidia collaborate. US stock futures also advanced, setting the S&P 500 on its longest winning streak since July. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta and Guy Johnson. (Source: Bloomberg)
She has been named the first female Archbishop of Canterbury in the church’s nearly 500-year history. Here’s what to know.
The European Central Bank should reduce borrowing costs to help the euro-area economy, Italian Finance Minister Giancarlo Giorgetti said.
Russia’s ability to divert its crude to the global market is diminishing fast as the nation’s oil refineries come under attack from Ukrainian drones.
European equities risk sinking more than 10% in the coming months as investors are likely underestimating the threat of a weaker economy, according to Bank of America Corp. strategists.
The boss of one of Britain’s biggest tech start-ups on the ethics of porn, the future of the content creator economy — and why the platform banned Bonnie Blue
Four days after the collapse, families of the school’s students in East Java were in shock, demanding answers as the search for bodies churned on.
Good morning. AI-fueled stock rallies are in full swing. The US government shutdown is dragging on. And a secretive chocolate maker battles a market squeeze. Listen to the day’s top stories.
A senior member of the Palestinian group said that the group would soon announce its position on President Trump’s plan to end the war in Gaza.
Buying Occidental Petroleum’s chemical division for $9.7 billion is an opportunistic move straight from Warren Buffett’s playbook.
The European Central Bank’s policy settings are appropriate to ensure consumer prices are rising in line with the 2% target in the medium term, according to Governing Council member Pierre Wunsch.
CRDB Bank has historically focused its operations in neighboring Burundi and the Democratic Republic of Congo. But has officially become the first East African bank to open an office in Dubai, with an eye on growing investment and trade between the two regions. CRDB Bank Managing Director Abdulmajid Mussa Nsekela speaks with Bloomberg's Jenn Zabasajja about the bank's expansion in Dubai and the investment climate in Tanzania ahead of the country's October elections. (Source: Bloomberg)
The more costs that Barry Callebaut passes on to customers, the more expensive your indulgence potentially becomes.
Secondary markets offering greater liquidity but ‘erratic’ pricing
One of the fatalities and one of the injuries in the terrorist attack in Manchester were likely due to gunfire from police who were trying to stop the attacker, police said.
One of the fatalities and one of the injuries in the terrorist attack in Manchester were likely due to gunfire from police who were trying to stop the attacker, police said.
In recent weeks, hundreds of students from around the world have arrived just outside Qatar's capital of Doha, headed for a stretch of desert that hosts one of the largest clusters of American universities overseas. Some have chosen to go to offshore branches of top US schools, including Northwestern, Carnegie Mellon and Georgetown. Others to a large local college. Those arrivals, have helped propel enrollment at this small but emerging education hub — funded by the Arab world’s richest nation —
Happy Friday! We’ve got your weekly debrief of what went on in Washington, DC, amid the government shutdown. But first, sea otters.
Investigators have questioned former Dream Exchange employees about allegations that it misappropriated funds, according to people familiar with the matter.
Beneath the surface of what’s been a remarkably resilient US economy, a series of small shocks in the world of consumer credit have combined to rock companies that service the most financially vulnerable Americans.
Dan Loeb’s Third Point has hired a trio of private credit professionals from Apogem Capital in the hedge fund’s latest bid to expand its direct lending capabilities, according to a memo seen by Bloomberg News.
Before she became known as the snooty suburbanite Hyacinth Bucket, Ms. Routledge was an acclaimed stage performer, appearing with the Royal Shakespeare Company and on the West End and Broadway.
Volumes of American Depositary Receipts are up more than 80% since 2019
India is rolling out long-term plans to reduce dependence on the dollar, as punishing US tariffs weigh on the nation’s currency and trade prospects.
The Swiss National Bank’s gold hoard is driving a significant boost to its earnings, increasing the chance of another payout to the government.
Wall Street’s most famous short seller on the First Brands fiasco, Enron and the “magical machine” in private credit markets
Reliance Industries Ltd. has begun informal talks with banks about the potential listing of its unit Reliance Jio Infocomm Ltd., people familiar with the matter said, a deal that could eclipse the record for India’s biggest-ever initial public offering.
Wall Street chief executive says he is ‘not smart enough’ to know whether there is an AI bubble
Miners have outperformed chip stocks by a record amount as bullion surges.
Japan’s beleaguered governing party will convene for a crucial election that could pave the way for the first female prime minister or the youngest leader in 140 years.
Greater Manchester police say one of those shot by officers has died
Federal Reserve Bank of New York President John Williams argued against the idea that central banks are resorting to unconventional tools when they seek to influence the economy through balance sheet policies.
Plus, your Friday news quiz.
Hi, it’s Janice in Johannesburg. A couple of years ago I spoke to scientists working in Ethiopia that were noticing a peculiar and disturbing diabetes trend. There’s now a global push to identify and understand this unusual form of the disease, but before we dig into that...
Investors can best play the artificial intelligence frenzy by mixing AI names with holdings of cheaper stocks linked to the economy, like commodities shares, according to Bank of America Corp. strategists.
ECB president wants regulation beefed up for non-banks such as hedge funds, private equity and insurers
European Central Bank President Christine Lagarde warned against lowering standards in banking regulation, arguing that scrutiny of non-banks must be strengthened instead.
Seema Shah, chief global strategist at Principal Asset Management, discusses the hold up in the Bureau of Labor Statistics’ readout of nonfarm payrolls data, which will likely be delayed by the ongoing US government shutdown, and how it could affect traders, economists and central bankers. "Any time that you're not going to get data is going to be a tough time to try and navigate the market dynamics," Shah tells Bloomberg Television. "It's probably even worse right now because there's been so much going on." (Source: Bloomberg)
Shares of Raiffeisen Bank International AG rallied the most in two months on a report the Austrian lender may receive shares in Strabag SE as compensation for damages it was forced to pay in Russia.
UK power prices turned negative for the first time in two years with Storm Amy set to deliver record wind generation through the weekend.
The louder the alarm bells are blaring about the stock-market rally getting excessive, the more investors appear to be tuning them out.
Getting hold of Labubus and other blind-box toys is a game of odds; the thrill of the surprise keeps young consumers coming back for more.
Lots of things are more expensive, but coffee is irreplaceable. So Americans are eating the price hikes—and reserving the right to rant.
The artificial intelligence investment boom resembles the tech spree that brought a productivity renaissance three decades ago.
The loss-making house flipper has become a meme stock.
The specific shares you choose to sell can raise or lower how much tax you owe on winners.
Turkey’s energy minister has said buying Russian oil is a commercial decision made by refiners, signaling reluctance to abide by US President Donald Trump’s calls to cut energy ties with Moscow.
Global meat prices hit a fresh record high in September — in the longest run of monthly gains since 2021 — as shrinking US cattle herds are unable to keep up with strong demand for beef.
Historic appointment comes after months of deliberation following resignation of Justin Welby last year
Sarah Mullally, the bishop of London, will lead the Church of England. She has been a vocal supporter of the rights of women in the church.
Goldman Sachs Chief Executive Officer David Solomon discusses the dealmaking environment, saying he expects M&A to pick up even further in the United States given its "changed regulatory environment." He speaks to Bloomberg's Tom Mackenzie at the Italian Tech Week in Turin, Italy. (Source: Bloomberg)
Tata Capital Ltd.’s $1.7 billion initial public offering attracted investors ranging from Morgan Stanley’s Counterpoint Global to local mutual funds as early big investors, according to people familiar with the matter.
Shabana Mahmood calls on Defend Our Juries to call off London rally in wake of Thursday’s terrorist incident
Goldman Sachs Group Inc. Chief Executive Officer David Solomon discusses the outlook for the US economy. He talks with Bloomberg’s Tom Mackenzie at Italian Tech Week in Turin.
The musician and record producer Brian Eno delves into his experiments with ambient music, his thoughts on generative A.I. and his deep gratitude for the uniqueness of human life.
Policymakers will enter uncharted territory without employment data that the government is expected to withhold because of its shutdown.
The new A.I. app generated videos of store robberies and home intrusions — even bomb explosions on city streets — that never happened.
The party of Andrej Babis, former leader of the Czech government, is expected to prevail in parliamentary elections that begin Friday.
David Solomon expects the US economy to accelerate into 2026 as tailwinds from continued stimulus and tech spending outweighs a softer labour market and geopolitcal turmoil.
Kim Scott, who lived and worked in Russia, on Silicon Valley’s silent complicity in the rise of authoritarianism.
The president is refashioning his residence into a palace. Our democracy is now a members-only club.
The appointment of Yuliia Svyrydenko, a business-oriented official, shows how Kyiv is trying to persuade the Trump administration that working with the country can be lucrative, even in wartime.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Yael Selfin, Vice Chair & Chief Economist at KPMG. (Source: Bloomberg)
They’ve become an important way to spend time with peers. But they’ve also become more addictive.
Young South Koreans are buying Buddhist merch. Monks and experts hope the buzz will translate into deeper engagement.
The Isle of Wight, known for its beaches and a rock festival that featured Jimi Hendrix and Bob Dylan, has had setbacks in manufacturing, but there have also been bright spots.
Duke University kept a low profile. But it is the alma mater of Stephen Miller, a top Trump official who often criticized the school while he was a student.
Duke University kept a low profile. But it is the alma mater of Stephen Miller, a top Trump official who often criticized the school while he was a student.
Toronto home sales rose last month as the Bank of Canada resumed interest-rate cuts, though prices continued their steady decline as a glut of listings increased buyers’ negotiating power.
The monthly government jobs numbers won’t arrive on time. But private firms are helping fill the gap.
Investors don’t need the official government jobs report to see that the labor market has shifted into a lower gear.
Private credit firms are weighing up providing a debt package worth around £1.3 billion ($1.8 billion) to finance a potential take-private deal for JTC Plc, said people familiar with the matter.
Dry-bulk shipping rates have tumbled around 25% this week, with a dispute over BHP Group’s iron ore shipments to China adding strain to a market already suffering a seasonal lull in demand.
At African Energy Week in Cape Town, oil producers were emboldened.
French Prime Minister Sebastien Lecornu is meeting with lawmakers for talks as he struggles to pass the budget and remain in office. These negotiations are the last chance to find a compromise before Lecornu appoints a government that must present a budget draft by Oct. 13 to allow for parliament to adopt legislation by the end of 2025. Bloomberg’s Alan Katz reports.
Guy Johnson, Kriti Gupta and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Roche Holding AG secured US approval for a drug combination maintenance therapy to treat one of the most aggressive forms of lung cancer.
Eldridge Industries’ president said investing in music rights can generate cash flow similar to real estate, but without the hassle.
Things are changing in funding markets.
We’re used to talking about the Federal Reserve changing “benchmark interest rates.” But the mechanics of how the central bank actually tightens or loosens policy are a lot more nuanced. For years now, the Fed’s been doing this through the federal funds market — where US banks lend and borrow their excess reserves. But that could be changing. Last week, Dallas Fed President Lorie Logan argued that the fed funds target is outdated, and the central bank should be looking at alternatives. So what w
European and Japanese stocks gain
The Beauty Tech Group Ltd shares traded above their offer price on their London Stock Exchange debut, a positive omen for the city’s largest initial public offering so far this year.
The International Monetary Fund says Zimbabwe must provide more clarity on the implications on its plan to phase out domestic use of the US dollar by 2030, pointing out that the local currency, the ZiG, hasn’t yet found wide acceptance.
European banks’ growing appetite for leveraged loans is brightening revenue prospects and opening the door to raised earnings estimates.
Debt investors have been so badly bruised by a recent string of fractious restructurings in Europe that they’ve started actively avoiding the continent’s riskiest credits.
For all the hype over artificial intelligence and the surge in chip stocks this year, gold miners have actually been the better buy.
Ethiopian Airlines is pressing ahead with plans to expand its global network. The airlines CEO Mesfin Tasew, tells Bloomberg's Chief Africa Correspondent Jennifer Zabasajja, while challenges over delayed aircraft deliveries remain, the carrier remains committed to opening new routes. (Source: Bloomberg)
European stocks were on track for their strongest week since May, gaining for a sixth day in a row, driven by investor optimism over artificial intelligence developments.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Volatility for yen interest rates has climbed above that of euro ones for the first time in seven years amid growing uncertainty over the outlook for Bank of Japan monetary policy.
France’s industrial production unexpectedly dropped in August, adding to signals of sluggishness in the euro area’s second-largest economy as businesses and households face heightened political and fiscal uncertainty.
Packaged food company Princes Group Plc said it’s planning an initial public offering on the London Stock Exchange, marking a welcome boost for the UK market.
The city’s housing crisis has contributed to an education crisis, with more children than ever living in temporary housing. They face dismal outcomes.
A class-action lawsuit, spurred by an investigative series in The Times, came to a close, having helped thousands of mentally ill residents of adult homes.
India is seeking to secure its first long-term supplies of liquefied petroleum gas from the US, as Washington’s trade war disrupts flows of the cooking fuel and plastics precursor.
Production unexpectedly fell back again in August in a sign that France’s political deadlock is weighing on activity.
The dollar traded steady as an ongoing U.S. government shutdown meant the key nonfarm payrolls report was unlikely to be released Friday as scheduled.
It was not immediately clear what caused the blast. But the blaze, near Los Angeles, could be seen from miles away.
Chinese budget carrier Spring Airlines Co. is considering a listing in Hong Kong, possibly next year, people familiar with the matter said.
Adrian Daulby, 53, and Melvin Cravitz, 66, were named as the two people killed Thursday outside the Heaton Park Congregation synagogue in northwestern England.
India’s economy is resilient because of strong domestic demand, which enables it to absorb shocks from global headwinds, Finance Minister Nirmala Sitharaman said.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Video shows a large blaze at a Chevron Corp. refinery in El Segundo, in Los Angeles County, California. (Source: KABC)
Egypt's foreign minister reportedly says his country is trying to persuade Hamas to respond positively to President Trump's plan to end the war in Gaza. Broadcaster Al-Qahera says Badr Abdelatty thinks the plan has many gaps that must be addressed but also asserted there can be no future role for Hamas in Gaza. Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the likelihood of the 20-point plan being accepted by Hamas. (Source: Bloomberg)
European Central Bank President Christine Lagarde said Klaas Knot would be a suitable successor, Dutch newswire ANP reported, citing a podcast episode of “College Leaders in Finance,” which will be released on Sunday.
Emerging market stocks and currencies are trading sideways, as the US government shutdown delays data releases and forces global investors to take a pause.
“No one has any idea how long it will last,” Jimmy Fallon said. “People are calling it the ‘Grey’s Anatomy’ of government shutdowns.”
Sify Infinit Spaces Ltd. is preparing to file for a $500 million initial public offering in the next two weeks, according to people familiar with the matter, in what could be the first Indian data-center operator to list on bourses.
Boeing's 777X is slated to fly commercially for the first time in early 2027 instead of next year, people familiar with the matter said. Analysts estimate the non-cash accounting charge could run from $2.5 billion to as much as $4 billion, though Boeing has not detailed the extent of the cost. The jet is already six years late and it is of major strategic and financial importance to Boeing for the long-haul market. Bloomberg's Danny Lee reports. (Source: Bloomberg)
The European Union plans to hike tariffs on steel imports to 50% and cut the volume of steel allowed in before that higher rate is imposed, according to a draft proposal seen by Bloomberg. The EU currently has a temporary mechanism in place which imposes a 25% duty on most imports once quotas are exhausted. This expires in June and the bloc has been working to replace it with a more permanent regulation. Bloomberg’s Jill Disis reports.
Flights were diverted or cancelled in latest incident involving unidentified objects in European airspace
Good morning. UK counter-terrorism police name the perpetrator of yesterday’s attack in Manchester. Air traffic at Munich Airport is disrupted by drones. And Swiss people think they’re too nice to Americans. Listen to the day’s top stories.
Analysts are singling out Saab AB’s stock as a riskier bet than other European defense companies after a year of spectacular gains left no room for anything to go wrong.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
The Trump administration is working to ensure oil exports from northern Iraq, which resumed after a two-year halt, keep flowing in the long term to bolster the nation’s economy, benefit US companies and counter Iran’s influence in the region.
Former Canadian Minister of International Trade Mary Ng discusses trade tariff risks and how they may affect the nation's economy. She speaks with Haslinda Amin from the sidelines of the Milken Institute Asia Summit 2025. (Source: Bloomberg)
BBVA Chairman Carlos Torres discusses the company's bid for Banco Sabadell and the "hypothetical scenario" in which BBVA would launch "a second offer" should the current tender offer attract less than 50% in Sabadell. BBVA is in the final days of its €17 billion ($20 billion) takeover bid, with the acceptance period for Sabadell investors running until Oct. 10. Torres speaks exclusively with Bloomberg's Kriti Gupta. (Source: Bloomberg)
BBVA SA Chairman Carlos Torres and Banco Sabadell SA Chief Executive Officer Cesar Gonzalez-Bueno contradicted each other in separate interviews as they sought to sway investors their way during the final days of a takeover battle that has lasted 17 months.
Dubai-based Binghatti Holding Ltd. is in talks with banks to arrange a possible initial public offering, according to people familiar with the matter, as it seeks to tap into a real estate boom in the emirate.
On its current trajectory, the Thai baht is expected to record its biggest annual gain in six years against the US dollar, creating a headache for newly appointed Prime Minister Anutin Charnvirakul’s government.
Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
Hi, this is Charlie Zhu in Shanghai.
Chinese state media are defending a new visa program aimed at attracting global tech talent. Many residents have expressed worries over losing jobs to foreigners as youth unemployment jumps to a two-year high. Bloomberg's Minmin Low reports. (Source: Bloomberg)
The Philippines’ military chief said he rejected calls by some retired officers for the armed forces to remove President Ferdinand Marcos Jr.
Surging interest in artificial intelligence is generating huge gains for Chinese tech stocks like Alibaba, which has more than doubled this year.
Investor famed for spotting Enron fraud sounds alarm on Wall Street’s booming debt machine
Mel Stride insists Tories are the party of sound money and business and that he is confident in ‘resilient’ Kemi Badenoch
Some European officials worry lifting sanctions would bolster Russian retaliation against western companies
Bob Mackie, whose bejeweled designs have appeared on a list of performers that now includes the singer, reflects on a role he has dressed many for.
Zack Polanski echoes Reform UK’s push for central bank policy change
As platforms degrade into outrage and slop, users are turning away
The legal tussle over the president’s trade policy is a result of the way he wields power
Buyout firm takes 20% stake in International Schools Partnership alongside Partners Group
Barry Callebaut, the world’s largest cocoa processor, is positioning itself for a turnaround after its stock nearly halved in value.
Israel has reduced large swaths of the territory to rubble. It will take decades and tens of billions of dollars to repair the damage
On her 12th original album, the pop superstar sounds hungry to embrace her future — but not until she attends to some unfinished business.
Domestically focused companies lag behind as greenback suffers worst year since early 2000s
Swiss voters reckon their government is being too amenable to the US after President Donald Trump imposed an outsized tariff on their country’s imports.
Hungarian opposition leader Peter Magyar’s plans to reset relations with investors and the European Union after the next elections are accelerating this year’s rally in the forint, by promising a windfall in aid from the bloc.
CRDB Bank Plc, Tanzania’s largest lender by assets, is weighing a return to the debt market after robust investor appetite for its oversubscribed bonds.
Nomura Holdings Inc. plans to expand in Japan’s digital-asset market through a subsidiary, as crypto trading in the country heats up.
Trump administration officials have issued several legal threats over ICEBlock, a popular app that allows users to alert others to the presence of nearby immigration agents.
Sylvia Sheng of JPMorgan Asset Management says the firm is overweight US, Chinese and Japanese equities globally. She also says global growth data and monetary policy environment are creating supportive conditions for investors. Sheng discusses the market outlook on Bloomberg Television. (Source: Bloomberg)
Grounding of flights follows string of threats in NATO airspace.
Malaysia’s sovereign wealth fund Khazanah Nasional Bhd said it is not talks with China over a project to process rare earths in the Southeast Asian country, refuting a media report, Chief Investment Officer Hisham Hamdan said.
Copper headed for the biggest weekly advance since April — with prices about 5% below the record set last year — as supply disruptions, a weaker US dollar, and optimism about demand supported gains.
Typhoon Matmo intensified as it made landfall in northern Philippines on Friday where it’s forecast to dump heavy rain, with the nation still reeling from the impact of two deadly typhoons in the past two weeks.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Singapore with Shery Ahn and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
GIC Pte’s chief investment officer warned of a “hype bubble” building in early-stage AI venture investing, joining a chorus of investors sounding alarms over the sector’s boom.
Global Infrastructure Partners is in advanced talks to acquire Macquarie-backed Aligned Data Centers in one of the biggest deals of the year, according to people familiar with the matter.
The airport in Germany was the latest in Europe to shut because of drone sightings that officials have blamed on Russia, which has denied the accusations.
Bank of Japan Governor Kazuo Ueda kept his policy options open by reiterating the bank’s long-held stance on interest rates, avoiding sending any clear signals about the prospects for a rate hike when the board meets later this month.
Christian Stracke, President at PIMCO, discusses the investment opportunities in the private credit market. He speaks with Avril Hong from the sidelines of the "Milken Institute Asia Summit" in Singapore. (Source: Bloomberg)
James Reynolds, Global Co-Head of Private Credit at Goldman Sachs Asset Management, discusses the outlook for private credit fundraising activity. He speaks with Avril Hong from the sidelines of the "Milken Institute Asia Summit" in Singapore. (Source: Bloomberg)
Down-to-the wire team negotiations capped a long dance between President Trump and CEO Albert Bourla.
The Bank of Japan remains committed to further interest-rate hikes, Gov. Kazuo Ueda said, amid growing speculation over the timing of the central bank’s next move.
DBS Group Holdings Ltd.’s blistering share rally this year has widened its market value lead over its peer Oversea-Chinese Banking Corp. to a level never seen before.
Shutdowns are always unpleasant affairs. But President Trump has used his power in aggressive and strikingly personal ways.
German air traffic control said it suspended flight operations at Munich Airport Thursday evening after several drone sightings, affecting multiple departures and thousands of passengers at the country’s second-biggest hub.
Global multi-strategy investment firm Arena Investors LP is shutting its Singapore office and seeking to reallocate resources elsewhere, according to people familiar with the matter.
Robert Morris, the founder of Gateway Church, which has one of the nation’s largest congregations, admitted to sexually abusing a child in the 1980s.
Work is evaporating, businesses are closing, longtime residents are leaving, and Los Angeles’s creative middle class is hanging on by a thread.
Gold headed for a seventh weekly advance, as the US government shutdown added another layer of uncertainty for investors seeking signals on the Federal Reserve’s monetary-easing path.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Doug Collins, US Secretary of Veterans Affairs, discusses whether or not the government shutdown will make his job more difficult. Leon Panetta, Former US Secretary of Defense, voices his frustration with the government shutdown stating “both parties are to blame for the failure to govern.” Representative Madeleine Dean (D-PA) talks about the shutdown being "a healthcare crisis in disguise." (Source: Bloomberg)
Ms. Weiss, a co-founder of the site, would become editor in chief of CBS News, people briefed on the talks said.
Google said it will build a $4 billion data center in Arkansas, creating hundreds of operations jobs and thousands of construction jobs in the region.
Japanese wholesale trading company Arata Corp. canceled its plan to sell five-year yen corporate bonds, according to an email from SMBC Nikko Securities, citing issuer-related reasons.
In an interview with Bloomberg Television's Haslinda Amin, Indonesia's Vice Minister of Trade, Dyah Roro Esti Widya Putri, said she's optimistic about trade negotiations with the United States, and that Indonesia's bilateral relations with trading partner China remain strong. The Vice Minister promoted Indonesia's trade deals with countries from Peru to Canada, and with the European Union, and said Indonesia's export growth remains strong. The interview was taped on the sidelines of the Milken Institute Asia Summit in Singapore on Thursday afternoon, local time. (Source: Bloomberg)
Berkshire’s $9.7 billion buy of Occidental’s petrochemicals business will allow the company to reduce debt and focus on fossil fuels.
Fund managers see potential for Alibaba Group Holding Ltd. to extend the $250 billion stock rally this year that’s made it China’s hottest artificial intelligence trade.
Erica Gessert, Upwork CFO, says the biggest labor surge is in roles using human oversight of AI. She tells Romaine Bostick and Katie Greifeld on “The Close” that businesses are implementing AI tools at a record pace, creating demand for humans to balance automation. (Source: Bloomberg)
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are SimCorp’s Melissa Brown, Cox Automotive’s Erin Keating, Tortoise Capital’s Robert Thummel, Former President and CEO of Boston Federal Reserve Eric Rosengren, CBOE Global Markets’ Mandy Xu, Citi’s Kristen Bitterly, Nobel Mobile’s Andrew Yang, Upwork’s Erica Gessert. (Source: Bloomberg)
Oil was on track for the biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply.
Community organizations have reported higher levels of anti-Jewish incidents in Britain and around the world.
The defense secretary raised the issue suggesting women were getting into combat not because they met high standards, but because they were given a pass.
Spending in the UK on children with educational needs and disabilities has jumped by two-thirds in real terms to £16 billion ($21.5 billion) over the past decade, piling pressure on both mainstream school provision and government finances, the Institute for Fiscal Studies said.
More than 200 programs are in limbo, including several in California
The cost of overnight borrowing in Hong Kong could fall to about 3% by year-end, driven by expected interest-rate cuts by the Federal Reserve and weak loan demand, according to analysts.
Hedge funds are employing a range of strategies to profit from Japan’s too-close-to-call leadership race, including plans to sell stocks, bet on a stronger yen, or trim risk assets.
Naver Corp. President of Investments Namsun Kim discusses the significance of his company's tie-up with Dunamu, operator of South Korea’s largest crypto exchange Upbit. He speaks with Haslinda Amin from the sidelines of the Milken Institute Asia Summit 2025. (Source: Bloomberg)
Texas Municipal Retirement System CIO Yup Kim discusses growth opportunities for its $46 billion fund. He speaks with Haslinda Amin from the sidelines of the Milken Institute Asia Summit 2025. (Source: Bloomberg)
Good morning and happy Friday all. It’s Paul-Alain Hunt here in the Melbourne bureau. The ASX looks set for a sluggish start this morning, but first...Today’s must-reads:• New housing podcast• RBA’s super warning • OpenAI vs SpaceX
Chinese businessman tells judge ahead of rapper’s sentencing hearing they ‘sleep right across from each other’ in Brooklyn jail
Sumitomo Life Insurance Co. is taking an unusual step to avoid writing down losses on its debt assets, promising to never sell them while they are in the red, according to a person familiar with the matter.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Trump officials want universities to sign on to conservative priorities to get special treatment. Some in higher education say agreeing would end academic freedom.
Representative Madeleine Dean (D-PA) talks about House Democrats ready to negotiate and voices her frustration over Speaker Johnson. She suggests the government shutdown is inexcusable, states it is also "a healthcare crisis in disguise," and discusses her confrontation with Speaker Johnson over President Trump. Representative Dean speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
There seems to be no limit to the president’s odious attempts to control higher education.
Dr. Jeanne Marrazzo, who was on administrative leave, alleged that the Trump administration had defied court orders and undermined vaccine research.
A federal judge said she was prepared to release Newark from a 2016 consent decree imposed after investigators found the city’s police routinely used excessive force and conducted unconstitutional stops and searches.
The out-of-office responses from the accounts of employees on furlough cast blame for the shutdown on Democrats.
Asian stocks were primed for a softer open Friday, signaling the record rally in global equities may be due for a breather after fresh highs on Wall Street.
YouTube is the most popular place to watch videos in the world, and Jimmy Donaldson is its biggest star. But you may know him as his MrBeast. His main channel has more than 430 million subscribers, more than the population of all but two countries. So far he’s leveraged his fame to sell chocolate bars, snack kits and digital tools to help other content creators go viral; in the next few years, he plans to build an animation studio, create a video game platform and write a thriller with author James Patterson. Bloomberg News Media & Entertainment Managing Editor Lucas Shaw joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. Shaw also previews Bloomberg Screentime, held in Los Angeles on October 8th and 9th, 2025. Shaw will sit down with comedian Jimmy Kimmel, Paramount Skydance Chairman & CEO David Ellison, and Pamela Abdy, Co-Chair & CEO of the Warner Bros. Motion Picture Group. (Source: Bloomberg)
First Brands Group lenders burned by the auto parts supplier’s use of off-balance-sheet financing quickly assembled a $1.1 billion emergency lifeline to prevent the business from completely unraveling. But to pull it off their lawyer said the firms had to forgo the amount of diligence they’d normally require for such a sizable loan.
Brazil’s Development Bank and the Export-Import Bank of China agreed to create a $1 billion fund that will invest in sectors such as energy transition, infrastructure, mining, agriculture and artificial intelligence.
The Federal Reserve moving away from the federal funds rate as the policy target would be welcome, said Meghan Swiber, senior US rates strategist at Bank of America Securities on this Macro Matters edition of the FICC Focus podcast series. Swiber and Bloomberg Intelligence Head of US Rates Strategy Ira Jersey also discuss BofA’s views on the yield curve, Treasury issuance and Federal Reserve policy.
The music mogul submitted a letter to the court ahead of his sentencing on Friday for his conviction on two prostitution-related counts.
In the hours after an attack, a blanket of fear and grief fell over synagogues and Jewish community centers across the country.
Leon Panetta, Former US Secretary of Defense, voices his frustration with the government shutdown stating “both parties are to blame for the failure to govern.” Panetta also talks about if the Trump Administration will lay thousands of people off and President Trump’s speech to US troops at Quantico. Leon Panetta speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Japan’s largest bank is recruiting more new graduates and experienced specialists as it seeks a bigger piece of the country’s growing wealth management market.
Giorgia Meloni’s administration would hit EU target a year earlier than anticipated due to bumper tax revenues
Yom Kippur sees a terror attack in Britain, while Germany foils one.
Our Pentagon reporter explains how President Trump has tapped into a fear that resonates in many places around the world.
VW welcomed the union last year and now faces a costly work stoppage.
Trump offers intelligence support for long-range strikes inside Russia.
Also, the president promised cuts to “Democrat agencies.” Here’s the latest at the end of Thursday.
Doug Collins, US Secretary of Veterans Affairs, discusses whether or not the government shutdown will make his job more difficult and states he thinks everyone will have their jobs back when the government reopens. Collins also talks about where he stands on the healthcare negotiations, conversations around medical marijuana use for veterans, and integrating artificial intelligence into Veteran Affairs systems. He speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Tesla Inc. was sued over claims that defects in the doors of a crashed Cybertruck made it a “death trap” by preventing three college students from escaping from the fiery wreck before they died of smoke inhalation.
A multicultural city proud of its sense of cohesion reels after atrocity shatters calm on holiest day of the Jewish year
Good morning. Tesla’s record sales fail to impress traders. China’s state media tells residents not to worry about a new visa program. And India and China are set to resume direct flights after more than five years. Listen to the day’s top stories.
A college student was trapped in a burning Cybertruck because electronic doors made it difficult for her to get out or be rescued, a lawsuit claims.
Applied Materials Inc., the largest US maker of machinery used to manufacture semiconductors, said an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue.
Defense Secretary Pete Hegseth has identified real problems, veteran officers say, but by looking back 35 years for policy cues, he risks hurting, not helping, military readiness.
An elite Russian unit is escalating its use of drones in Donetsk, forcing the defenders to innovate.
Spotify, Comcast and Oracle all moved to the co-CEO model in the span of a week. Bloomberg Opinion columnist Beth Kowitt explains how the companies can succeed — if they do it right. (Source: Bloomberg)
It’s no joke. Sycophantic AI models are pushing naive users toward acts of violence and self-harm.
Former US Presidential Candidate Andrew Yang discusses his views on the New York City mayoral race and the federal government shutdown. Speaking on "Bloomberg The Close," Yang also comments on his new mobile virtual network operator Noble Mobile. (Source: Bloomberg)
Chain had hired marketing firm Prophet to refresh its image and restaurants; Cracker Barrel shifts executives in operations, menu roles.
Two of the largest infrastructure initiatives in the United States were still moving forward this week despite the battles over a government shutdown surrounding them.
Dubai's deadly floods caused $3 billion of damage. Did cloud seeding play a role? Kit Chellel explains how new evidence is challenging the official version of events. (Source: Bloomberg)
Philippines President Ferdinand Marcos Jr. and Vice President Sara Duterte are locked in a political showdown that could have implications for a regional power struggle between China and the US. (Source: Bloomberg)
Veja os três assuntos que marcaram a semana no Brasil com a repórter Patricia Xavier. Edição de Bárbara Nascimento e produção de Beatriz Reis. (Source: Bloomberg)
Many Orthodox Jews who live in the area reacted with horror to an attack that killed two people and seriously injured three on Yom Kippur, Judaism’s holiest day.
Washington watering holes and restaurants are showing solidarity and seizing an opportunity to draw in out-of-work government employees.
The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled for the eighth straight week to a new mark below $3 trillion.
The decision enraged opponents of abortion, who have been pressuring the administration to restrict access to abortion medication.
The show’s curator stands by the authenticity of lithographs by the Surrealist artist, saying he has the documents to prove it.
A federal judge denied the US Justice Department’s request to pause several upcoming deadlines during the government shutdown in a legal fight over President Donald Trump’s deployment of National Guard troops to Washington.
“We are investing significantly in dating features right now because that’s a really big item people want,” says George Arison, CEO of Grindr, noting that half of users under 35 want to be married. That contrasts with older generations, giving Grindr an opportunity to emphasize long-term relationships as well as casual connections. In this episode of the Tech Disruptors podcast, Arison speaks with Bloomberg Intelligence analyst Nicole D’Souza about how Grindr has avoided the headwinds rivals fac
The White House put a hold on $18 billion in infrastructure funding for NY, including for two megaprojects: the Hudson River Tunnel and the Second Avenue Subway expansion. Bloomberg's Sri Taylor discussed the story on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Former Federal Reserve Bank of Boston President Eric Rosengren discusses the economic impact of the US federal government shutdown. Speaking on "Bloomberg The Close," Rosengren says the shutdown has increased the risk of a recession. (Source: Bloomberg)
Rob Granieri, a billionaire and co-founder of Jane Street, has a hidden reality behind his public persona, with a preference for anonymity and a shy introvert personality. Bloomberg's Sridhar Natarajan discussed the story on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Private credit firm Golub Capital sold a collateralized loan obligation that locks investors into the securities for longer than typical deals, as insurers pour money into private credit in their search for longer-held assets.
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss President Trump eyeing firing 'thousands' of federal workers as the government shutdown enters its second day. Bloomberg's Michael McKee joins to discuss. Also on today's show, former St. Louis Fed Senior Vice President Nikki Lanier on weak jobs numbers indicators, AST SpaceMobile President Scott Wisniewski talks competition in the satellite internet space, and MIT Media Arts and Sciences Associate Professor Dr. Canan Dagdeviren on how combining AI, wearable tech, and biomedical research can help identify and treat women's health issues, including the development of a breast cancer detection device. (Source: Bloomberg)
Enbridge Inc. is channeling most of its investment into the US as Canadian regulations and lengthy approvals make the country less competitive, Chief Executive Officer Greg Ebel said.
A British man will plead guilty to US charges that he swindled nearly $100 million from investors by claiming that he held a collection of extremely rare and valuable wines.
US employers dialed back hiring plans in September and announced fewer job cuts, according to data from outplacement firm Challenger, Gray & Christmas. Companies last month announced plans to add 117,313 jobs, down 71% from a year earlier and marking the weakest September for hiring intentions since 2011. The report released Thursday noted a significant slowdown in seasonal hiring plans compared to years past. The report shows a labor market in which there is both limited hiring and firing. Bloomberg's Michael McKee joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down the report. (Source: Bloomberg)
Collateralized loan obligations, particularly those backed by middle-market borrowers, are a growing opportunity for investors, according to Crescent Capital Group. “You have to work really hard to blow those structures up,” said John Fekete, the company’s head of tradeable credit, speaking of CLOs generally. Middle-market deals will make up a “larger and larger percentage of CLO issuance,” he tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jody Lurie in the latest episode of th
McDonald's has huge expansion plans. The company aims to have around 50,000 global locations, adding almost 10,000 to its count over four years, with a focus on places like Texas where it has fallen behind. Bloomberg's Kristina Peterson reports. (Source: Bloomberg)
President Vladimir V. Putin lashed out at “European elites” for “whipping up the hysteria” about the “Russian threat.”
Philadelphia’s transit system may seek a loan from the US government to buy new commuter trains after a rash of fires this year.
PAI Partners and the Abu Dhabi Investment Authority invest €1.4 billion in the owner of Haagen-Dazs’s U.S. business, among other labels.
The departure of Todd Arrington, who led the Dwight D. Eisenhower Presidential Library and Museum, came after the administration sought a sword from its collection as a gift for King Charles.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Schwab Center for Financial Research Kathy Jones, DVX Ventures’ Jon McNeill (Source: Bloomberg)
The police said a man drove a car into people in front of the synagogue in Manchester, England, and stabbed others. The assailant was shot dead by the police.
Brazilian companies may face tighter liquidity ahead as a series of credit events rattles local debt markets, Fitch Ratings said.
If the PA wants to help govern Gaza, the U.S. should demand that it stops rewarding terrorism.
MIT Media Arts and Sciences Associate Professor Dr. Canan Dagdeviren joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to discuss how to the combination of artificial intelligence, wearable tech, and biomedical research can help identify and treat women's health issues. (Source: Bloomberg)
Jon McNeill, CEO and Co-founder at DVx Ventures who is also a member at GM's Board of directors says that hybrids will fade over time as EV technology advances. He also says Chinese EVs are “heavily subsidized” and raise data-security questions, making US entry unlikely without tough trade negotiations. He spoke with Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)
Apple has paused a planned overhaul of its Vision Pro headset to focus on developing smart glasses that can rival Meta’s Ray-Ban glasses. Bloomberg Intelligence’s Anurag Rana discusses the impact of the decision on “Bloomberg Tech.” (Source: Bloomberg)
Republican Representative Bryan Steil says "the spending process in Washington is absolutely broken." As the shutdown enters day two, both parties remain at an impasse. President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end the shutdown. The shutdown could have significant economic impacts, with the Congressional Budget Office estimating a cost of $400 million per day in lost compensation, and some economists warning that mass firings could sap corporate confidence and reduce capital investments. For more, Representative Bryan Steil (R) of Wisconsin appeared on Balance of Power with Joe Mathieu and Tyler Kendall. (Source: Bloomberg)
The group was passionately vegan, mostly transgender and highly educated. Seven of them are now in jail. This is the story of one who did not survive.
GQG Partners Portfolio Manager Brian Kersmanc says he is skeptical about AI returns, rising AI valuations and circular debt in the AI space. Kersmanc joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Ian Roberts, who resigned from the post after his arrest last week, was charged with possessing firearms while in the country without legal authorization.
One of MEG Energy Corp.’s largest shareholders sold its position ahead of a key vote on a takeover offer for the company, concerned that competing bids from both Cenovus Energy Inc. and Strathcona Resources Ltd. may fall apart.
Raistone, the trade-finance specialist that has laid off dozens of employees in the wake of First Brands Group’s bankruptcy, told employees it relied on the auto-parts supplier for more than 80% of its revenue, according to people with knowledge of the matter.
Microsoft has inked more than $33 billion in commitments to neocloud providers, including Nebius, CoreWeave, Nscale and Lambda. Bloomberg’s Brody Ford explains what's behind this strategy with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Democratic Representative Joe Morelle of New York said even if Democrats and Republicans strike a deal to end the shutdown there will be concern about whether President Donald Trump will uphold it. Both parties remain at an impasse, and Senate Majority Leader John Thune added this morning it’s “unlikely” the Senate will have votes scheduled this weekend. meaning the US government shutdown could extend into next week if the Senate does not pass a stopgap funding bill on Friday. “They’ll have a fourth chance tomorrow to vote to open up the government. If that fails, then we’ll give them the weekend to think about it. We’ll come back and we’ll vote again on Monday,” Thune said while speaking to reporters at the Capitol. For more, Representative Joe Morelle (D) of New York appeared on Balance of Power with Joe Mathieu and Tyler Kendall. (Source: Bloomberg)
Cox Automotive Research and Development Director Stephanie Valdez Streaty discusses Tesla’s sales growth in the third quarter and how the end of US electric vehicle tax credits will impact car sales broadly. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Laffer Tengler Investments CEO and CIO Nancy Tengler discusses OpenAI’s $500 billion valuation, why she is still interested in SpaceX and how public market investors weigh the impact of private valuations. Tengler joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Shares of AST SpaceMobile have risen roughly 30% in the past two days, hitting an all time high up more than 210% year-to-date. The company plans launches of its Bluebirds satellites every one to three months this year into next, and expects 45 to 60 satellites in orbit by the end of 2026. President Scott Wisniewski joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break down the next phase for the company and competition in satellite internet space. (Source: Bloomberg)
OpenAI has closed a share sale by current and former employees that values the company at $500 billion, making it the world’s largest startup. Bloomberg's Shirin Ghaffary discusses the deal with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Bitcoin rose to $120,000 for the first time since setting a record high seven weeks ago as speculation increases that the US government shutdown will drive investors to safe-haven assets.
Italy’s cabinet approved a budget featuring a deficit at just 3% of output this year, allowing Premier Giorgia Meloni’s government to set aside more money for tax cuts and defense.
Days of protest in the regional capital, set off by a convergence of rival marches, are fueled by familiar complaints like high prices and demands for electoral reform.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Tyler Kendall discusses the funding impasse on Capitol Hill. On today's show, Democratic Congressman Joe Morelle of New York, Stonecourt Capital Partner Rick Davis, Third Way Senior Fellow Caitlin Legacki, Republican Congressman Bryan Steil of Wisconsin. (Source: Bloomberg)
Silas’s future seemed bright except for at least one detail. He didn’t have a car.
Violent attacks often bring even fierce political rivals together in the hours and days after they occur.
Since the Oct. 7, 2023, attacks by Hamas on Israel and the start of the war in Gaza, British Jews say they feel increasingly isolated and unsafe.
Hi, here on the Asia deals team we’ve been crunching numbers and talking to dealmakers around the region about M&A and how it stacks up with the rest of the world. Also today, Berkshire Hathaway clinches its biggest deal in years.
A Colombian port on the Pacific coast that’s been idle for nearly two years following a series of attacks on a pipeline could see a new lifeline.
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Tech stocks hit fresh highs as AI and chipmakers fuel market optimism—even as Washington grinds through a shutdown. The White House eyes more pharma deals after Pfizer’s $70 billion pledge. Warren Buffett makes his biggest bet in years. And Breeze Airways charts its first international flights—we’ll talk to CEO David Neeleman. (Source: Bloomberg)
The University of Texas System increased part of its short-term lending program to $2.5 billion, boosting the capacity of two of its commercial paper series by more than 40%.
The past decade in particular has seen an uptick in devastating blazes linked to climate change, according to the study.
To avoid ‘fear of missing out,’ limiting social media use has to be a communal effort.
Also Jane Street, Thinking Machines, quantum bond trading, tokenized real estate and LinkedIn cringe.
The decision foreclosed one of the options that lawyers for Kilmar Armando Abrego Garcia had tried in an effort to keep him in the country.
Funds under the UBS Group AG umbrella face more than half a billion dollars of exposure to bankrupt auto-parts supplier First Brands Group through various investment strategies, with one ranking as the biggest unsecured creditor, court documents show.
The dollar will likely weaken further as the US government shutdown drags into a second day, according to a top foreign-exchange currency forecaster.
A youth-led movement against the president of Madagascar is sustaining protests across the country. John Eligon, the Johannesburg bureau chief for The New York Times, explains what’s happened.
TK Elevator’s private equity owners have selected Rothschild & Co. and Lilja & Co. to advise on a planned initial public offering of the company that could be one of Europe’s largest listings in years, according to people familiar with the matter.
Mexico’s America Movil SAB de CV and Chile’s Empresa Nacional de Telecomunicaciones SA are working on a joint bid for Telefonica’s Chile unit, according to people familiar with the matter.
With the agreement, OpenAI becomes the world’s most valuable privately-held company, surpassing the rocket maker SpaceX.
Sora, OpenAI’s new video-generating app, is really a social network in disguise that can bring creative A.I. to the masses — and its problems, too.
Executives at the retail juggernaut say they still want to hire software engineers as the company revamps its workforce for the AI era.
How long will the US government shutdown last? Retail traders are betting millions of dollars on their guesses.
If the dollar takes another downward leg, he says, ‘we’re in for some trouble’