Bloomberg Nachrichten

 

Oil rallied from its lowest close in almost two months, buoyed by bullishness in broader financial markets....

Record rainfall prompted evacuation orders for about 100,000 people as the Skagit River north of Seattle is forecast to crest almost two feet (0.6 meter) above its historic record Thursday evening....

Brandon Scott, Mayor of Baltimore, discusses housing affordability and shares his advice for New York's mayor-elect Mamdani. He tells Romaine Bostick on “The Close” that Mamdani needs to lead with people and build the best team. (Source: Bloomberg)...

Trying to get a piece of a new listing in China has always been a long shot, but this year it has become a near-impossible feat....

Peru held borrowing costs at a three-year low with inflation below the center of the central bank's target range and the economy growing steadily....

Gold steadied after three days of gains, supported by the prospect of further monetary easing in the US after the Federal Reserve cut rates this week. Silver held within a dollar of a record high....

Andrew Kimball, President & CEO of the NYC Economic Development Corporation, says Mayor-elect's focus on affordability clearly resonated with voters. He tells Romaine Bostick and Katie Greifeld on “The Close” that affordability is fundamentally an economic development issue and key to the city's long-term strength. (Source: Bloomberg)...

A foreign investor exodus from Indonesia's bond market has driven holdings to the lowest in nearly two decades, underscoring shaken confidence in the once-coveted asset after months of political turbulence....

Russ Brownback, BlackRock's Deputy CIO and Head of Global Macro Positioning, says 2% productivity growth allows the economy to expand without adding hours worked, and that generative AI is poised to push productivity even higher. He speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)...

Reddit Inc. has lodged a suit with Australia's High Court seeking to overturn the nation's ban on under-16s holding social media accounts....

Luxury furniture retailer RH soared after it reported higher growth than rivals as the industry contends with pressure from tariffs and a sluggish housing market....

Thailand is witnessing a growing wave of capital flight as domestic investors move more funds overseas, adding fresh pressure on Asia's worst-performing equity market 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)...

Asian stocks were set for a strong start Friday after US shares hit a fresh record, with optimism around the Federal Reserve's easing cycle helping offset concerns about heavy AI-infrastructure spending....

The chief restructuring officer for Broadband Telecom, a company that has been accused of fraud by lenders including HPS Investment Partners, is seeking court approval to initiate an examination into a key Indian vendor with links to the founder and owner of the bankrupt firm....

Oracle falls after reporting a jump in spending on AI data centers and other equipment. Plus, Disney agrees to invest $1 billion in OpenAI and license characters for use on the Sora generative video platform, and the CEO of chip-design software maker Synopsys joins to break down the company's earnings following a significant equity investment from Nvidia earlier this month. (Source: Bloomberg)...

Sam Altman sold a $1 billion stake in OpenAI to get Mickey Mouse on Sora. Bob Iger got him good, says Bloomberg Opinion columnist Dave Lee. (Source: Bloomberg)...

Australia will allow South Korea's top defense firm Hanwha Aerospace to increase its stake in shipbuilder Austal Ltd. to 19.9%, Treasurer Jim Chalmers said after agreeing to a recommendation from the Foreign Investment Review Board....

The US Federal Reserve gave PNC Financial Services Group Inc. the nod to purchase Colorado-based FirstBank Holding Co....

Until he was named South Korea's new science minister in July, Bae Kyung-Hoon was largely unknown in political circles, having spent his career focused on computer science....