Two days after voters overwhelmingly rejected data centers, the companies that make the chips, networking gear, and other tech for the facilities saw their stocks crushed.
Investors worry a divided Washington could derail “Elon, Inc.”
We’re looking at two distinct waves of products.
"I'm not going to sign up to the two-and-done point," Bank of England Governor Andrew Bailey says when asked if a second interest-rate increase is on the cards following Thursday's decision to hike. "Absent a resolution of the conflict in the Middle East, and I think I put this in my commentary in the minutes, I could see the case for a further 25 [basis points]," Bailey says at a news conference in London. (Source: Bloomberg)
Munich prosecutors raided German pension fund group BVK over its troubled US property investments just two days after the investigators had searched asset manager Deutsche Finance as part of the same probe.
JPMorgan’s Michael Cembalest is worried about data center build-outs following midterm elections, and he’s looking two years ahead.
Jillionaire Dylan is 23, lives at home, works two jobs, and has managed to save $100,000. So, what should he do with it? Jill and Mark weigh in on whether he should buy property, invest his cash, or keep saving—and why buying real estate just for the sake of owning it might not be the smartest move.
China is planning to issue yuan-dominated sovereign bonds in Canada for the first time as the two nations strengthen bilateral ties following years of diplomatic strain.
UBS has slashed about two hundred positions in London in recent weeks as the integration of Credit Suisse nears its end. The cuts were announced internally in recent weeks, according to people familiar with the matter. The reductions were carried out across the bank’s units, including wealth management and investment banking, they said. European stocks surpassed their prior closing record high as the region extended an outperformance driven by a rotation out of the artificial intelligence trade and a strong earnings season. 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)
More than 100 campaign groups will join together in 15 countries this week to call for a halt to major AI projects Protesters across Europe are planning two days of action against datacentres this week with demonstrations taking place in 15 countries. More than 100 groups are joining together for the “ Stop Dirty Data Centres ” events on Friday and Saturday. They are calling for a moratorium on large projects, citing environmental and social costs that “we can no longer afford”. Continue reading...
A benchmark Asian rice price climbed to the highest in almost two years, threatening to accelerate food inflation as the El Niño weather pattern disrupts production of the staple grain.
Analysts say that after a roughly two-year turnaround the company's retail pharmacy business and other units may be strong enough to stand on their own.
Commercial crude oil stocks fell by 865,000 barrels, while distillate stocks fell to their lowest level in more than two decades, the EIA said.
Democrats took control of the House and Senate, flipping Senate seats in Texas, South Carolina, North Carolina, Kansas and Ohio.
For nearly two years, Wall Street firms and startups have enjoyed a sweeping deregulatory agenda from President Donald Trump that relaxed post-financial crisis rules and boosted nascent industries.
A former Fed bank examiner and two EY-Parthenon leaders explain how to stress-test investments, shore up liquidity and rethink AI spending.
Unexpectedly hot jobs data could affect the number and timing of future rate hikes
The healthcare giant surprised analysts with the decision to separate its business.
Plus, Iran turns to guerrilla tactics to try to stop the flow of oil leaving the Strait of Hormuz, and CVS Health decides to split in two.
“I also want to preserve the opportunity to leave a meaningful legacy for my two sons.”
Novo Nordisk A/S Chief Executive Officer Mike Doustdar discusses the possible launch of a new obesity drug called CagriSema. "We are hopeful that we will be able to get the timely approval from the FDA at the end of this year and launch it at the beginning of next year," Doustdar says. He speaks on Bloomberg Television after the company boosted its forecast for the year once again, sparking optimism after the new Wegovy pill and the older shot Ozempic helped buoy earnings. (Source: Bloomberg)
The typical subscriber sees two or three films a month. Record revenue hasn’t yet erased AMC’s losses or the roughly $4 billion it owes.
Republicans lost a six-term senator, a three-term governor and two appointed senators as voters named the cost of living a top issue.
Talarico is the first Democrat to win a Senate race in Texas since 1988, carrying suburban counties Trump won two years ago.
Global funds bought a net $2 billion of stocks in the final two weeks of October.
Oil edged higher after a two-day decline as traders weighed the outlook for the US-Iran war following conflicting signals on the trajectory of peace talks.
Hong Kong’s two-year fundraising boom is slowing, with the rate of abandoned stock listings spiking to the highest since the global financial crisis.
Bloomberg's Mengqi Sun joins Dani Burger on "Bloomberg Deals." Activist investor Oasis is dropping two of its four board nominees in its proxy challenge at Vail Resorts. (Source: Bloomberg)
The US presidential election in 2024 served as a big-bang moment for prediction markets. Two years later, their forecasts on the 2026 midterms are getting plenty of attention, but the underlying trading illustrates how the platforms have struggled to expand beyond a few booming categories.
Experts say that a promising drug that offers complete protection against HIV and requires only two shots a year isn't getting to enough people
Two Bay Area cities vote Tuesday on measures that could lead to new government-owned banks.
Two days after Microsoft asked more than a quarter of its workers if they’d take a buyout, it reported $45.2 billion in capital spending in a single quarter, most of it for AI.
Two Argentine energy companies have put plans for US initial public offerings this year on hold, dealing a blow to hopes of reviving the country’s long-dormant market for New York stock listings as a rout in local assets and global market turmoil dampen investor appetite.
Restaurant operator Foodtastic Inc. has offered to acquire Canadian franchisor MTY Food Group Inc. for about C$1 billion ($720 million), according to a letter reviewed by Bloomberg News, after two earlier approaches were rebuffed.
These stocks trade at low price/earnings valuations, and the companies are projected to achieve very high revenue growth rates through 2028.
Investors hoping for an Election Day lift face a looming government-spending showdown and growing opposition to AI data centers.
Saudi Arabia’s sovereign wealth fund has raised loans equivalent to around $3 billion that will be guaranteed by the Italian insurer and export credit agency Sace, as ties between the two countries and their companies continue to deepen.
China’s credit market just suffered its worst selloff in two years as a major conglomerate’s plunge into distress tests the assumption that government ties can protect state-owned firms from financial peril.
China's Vice Premier He Lifeng urges Hong Kong to utilize its One Country, Two Systems governance model to foster openness to global trade. (Source: Bloomberg)
Gold was steady, after jumping the most in two months on Monday as hopes of a breakthrough in US-Iran peace talks sent oil prices plunging and eased anxiety over accelerating inflation.
The nationwide recall affects thousands of bottles of prescription blood pressure tablets from two lots, both with an expiration date of May 31, 2027.
Millennium Management is redeeming more than $1.5 billion of leveraged cash from two external hedge funds that the multistrategy investment firm backed last year.
Treasuries rose, building on their biggest monthly advance in more than two years, as tumbling oil prices eased concern about inflation pressure leading to additional Federal Reserve interest-rate hikes.
In Kansas, Sen. Roger Marshall looked on track for easy re-election just two months ago at around 75%. His number's dipped to 43.9%, and suffered a 7.1% drop just in the past 24 hours.
The U.S. Food and Drug Administration has approved a generic version of the world’s only twice-a-year shot to prevent HIV
The deal will combine two of the fastest-growing enablers of artificial intelligence.
China will encourage financial institutions to make fuller use of two stock-support tools and optimize their terms, as authorities step up efforts to bolster market stability and confidence.
Marvell Technology and Lumentum will merge in an all-stock deal valued at about $115 billion, including debt, combining two of the fastest-growing enablers of artificial intelligence.
