Bloomberg Markets

Malibu’s Burned Homes Now Face El Niño’s Damaging Waves

Wildfires, damaging waves and beach erosion are testing the enduring appeal, and extraordinary prices, of living at the edge of the Pacific. Francesca Maglione breaks down the disaster risks the residents of Malibu face. (Source: Bloomberg)

business  5d ago

Bloomberg Markets

World Bank Sees Up to $5 Billion in Possible Loans to Venezuela

The World Bank could loan Venezuela as much as $5 billion over the next two years, as the country resumes relations with the Washington-based lender, a top official said.

business  5d ago

Financial Times

World’s oldest gunmaker expands American foothold after boardroom tussle

Beretta Holding seals strategic investment in rival gunmaker Sturm Ruger securing a 25% stake in a $107.5mn deal

business  5d ago

Bloomberg Markets

Shahin Vallée: Europe Must Rebalance Trade with China

As the EU weighs new measures to block Chinese imports, Shahin Vallée of the German Council on Foreign Relations and formerly of the French Ministry of the Economy and Finance, joins Bloomberg's Anna Edwards, Guy Johnson, and Tom Mackenzie on "The Opening Trade." "I think more than a measure to rebalance trade with China, it is a measure to try to rebalance the negotiations that are taking place." (Source: Bloomberg)

business  5d ago

Bloomberg Markets

Tesla Showcases Roadster, China Moves to Prop Up Stocks

Tesla unveiled its new Roadster sports car, which will give the company another offering in its lineup when it goes on sale. China moved to stabilize its equity market by urging companies and state funds to buy shares while guiding some investors to curb selling, people familiar with the matter said. Financial regulators held a meeting Thursday to discuss stabilization measures for the stock market, the people said, asking not to be identified discussing private deliberations. The Opening Trad

business  5d ago

NY Times Business

When Will the Fed Move on Rates?

Kevin Warsh, the central bank’s chairman, suggested he wouldn’t push to raise borrowing rates this month. But persistent inflation may force the Fed’s hand.

business  5d ago

MarketWatch

Is Apple’s foldable iPhone Duo worth $2,000? See how it stacks up against other foldable phones.

Preorders for the iPhone Duo began Friday, marking Apple’s debut in a foldable phone market largely dominated by Samsung and Google.

business  5d ago

Bloomberg Markets

Senegal Plans to Cut Budget Deficit Below IMF Forecast Next Year

Senegal is cutting spending next year as it seeks to restructure its debt and secure a new financing program from the International Monetary Fund.

business  5d ago

Bloomberg Markets

Traders Are Shelling Out Millions to Secure Copper

The threat of Trump tariffs is driving huge demand for the red metal.

business  5d ago

Bloomberg Markets

Nigeria Exchange CEO Sees Dangote IPO Spurring New Listings

Nigeria’s stock exchange is in talks with several companies about listing and expects some from next year as Dangote Petroleum Refinery and Petrochemicals FZE’s record share sale spurs interest in the nation’s bourse as a capital-raising venue.

business  5d ago

Bloomberg Markets

Pimco’s Balls Sees Good Value in Long End of Yield Curve

Andrew Balls, global fixed income CIO at Pimco, says one to two further interest-rate hikes from the Federal Reserve “seems reasonable” as the central bank targets a return to 2% inflation. He also explains why he sees “good value” in the long end of the Treasury yield curve amid uncertainty around artificial intelligence. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

business  5d ago

Bloomberg Markets

Baltic Block of Russian Grain May Open Black Sea, Latvia Says

Europe should block the transit of Russian grain through Baltic ports as that may force Moscow seek ways to open trading on the Black Sea, Latvian Prime Minister Andris Kulbergs said.

business  5d ago

Bloomberg Markets

Turkey’s Fast-Growing Corporate Bond Market Grapples With Funds Crisis Fallout

The crisis roiling Turkey’s investment industry may be spilling into its fast-growing corporate bond market, potentially crimping smaller companies’ access to financing.

business  5d ago

Financial Times

Shareholders should have a say on making AI safe

SEC decision to rescind key rule on voting could not have come at a worse time

business  5d ago

CNBC Finance

Nike's India campus is a long-term growth bet amid turnaround

Nike announced earlier this month that it's expanding into India. The retailer has been broadly struggling, especially in the China market.

business  5d ago

Bloomberg Markets

Adobe Analysts Have Never Been So Bearish as AI Fears Mount

Analyst sentiment toward Adobe Inc. has never been lower, amid growing conviction that the maker of software for creative professionals will struggle to compete in the artificial intelligence era.

business  5d ago

MarketWatch

Can a $55,000-plus robot load the dishwasher? Inside my afternoon with two humanoid housekeepers.

Tau Robotics’ humanoids vacuumed my floors and wiped my counters — with some help from humans behind the scenes

business  5d ago

Bloomberg Markets

BC Leans on US to Fund Deficit as Eby Rides Anti-American Mood

With British Columbia voters heading to the polls next week, the ruling party is raising anti-US sentiment and urging residents to avoid the country altogether. The boycott doesn’t seem to apply to the bond market.

business  5d ago

MarketWatch

Nearly 40% of the S&P 500 is in a bear market. Here are 10 of those stocks that analysts say can gain up to 81%.

The S&P 500’s strong overall performance reflects its heavy weighting at the top. Under the surface, more than a third of the index’s stocks are down at least 20% from their 52-week highs.

business  5d ago

Bloomberg Markets

Angola Eyes Panda and Islamic Bonds to Diversify Funding Sources

Angola is considering selling bonds in China or tapping Islamic debt markets in the Middle East as the oil-producing nation seeks to diversify its sources of financing, according to a senior finance official.

business  5d ago