Bloomberg Nachrichten

 

A decision by US District Attorney Jeanine Pirro to drop a criminal probe into the Federal Reserve potentially clears a path for President Donald Trump's nominee to take over the central bank. What it won't do is secure the current Fed chair's departure....

USA Rare Earth recently announced a $2.8 billion acquisition of Brazil's Serra Verde Group, which is expected to close in the third quarter. It comes as comes as the US and its allies scramble to secure alternative supplies of rare-earth elements, a market long dominated by China. The minerals are used in high-strength magnets employed in consumer electronics, cars and defense systems. Barbara Humpton, CEO of USA Rare Earth, joins Bloomberg Businessweek Daily to discuss, calling the deal "transformative," adding that it will make USA Rare Earth "the global leader" in the space. Humpton speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

A longtime adviser to President Donald Trump and a fundraiser involved in soliciting donations for his White House ballroom were named to the board of his social media company....

Lincoln International Inc., a mid-market investment bank that advises business owners and private equity funds, filed for a US initial public offering, disclosing growing net income....

Kentucky Representative Thomas Massie, a committed libertarian, is the rare Republican willing to publicly criticize Donald Trump—over domestic spending, the war in Iran, the president's efforts to bury the Jeffrey Epstein files. And he's done this while running for an eighth term in Kentucky's deep-red 4th Congressional District, which gave Trump two-thirds of the vote in 2024. Bloomberg Businessweek National Correspondent Josh Green joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

Grindr CEO George Arison joins Bloomberg Businessweek Daily to discuss the dating app's inaugural White House Correspondents' Dinner party, plus the company's presence in Washington, DC focused on HIV treatment and other health initiatives. Arison also discusses the company's newest tiers, including AI features. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

US life insurers have shifted more of their general account risk to entities abroad than in the US as of year-end, the first time that offshore reinsurance hubs have overtaken domestic ones for that business....

Michael Bologna, Bloomberg Industry Group senior tax correspondent, joins Scarlet Fu on "Bloomberg Real Yield." Democrats around the country are pushing forward on plans to tax the rich — moves that are supportive for the tax-exempt municipal-bond market. (Source: Bloomberg)...

Former Federal Reserve Governor Betsy Duke discusses the Department of Justice dropping its investigation into Jerome Powell, what a possible Kevin Warsh led Fed could look like, and previews Wednesday's rate decision. She talks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)...

Susan Kasser, head of private debt at Neuberger, joins Scarlet Fu on "Bloomberg Real Yield." The amount of new money private credit managers brought in during the first quarter plunged almost 60% from a year earlier, an added challenge for funds that are also grappling with unprecedented redemption requests. (Source: Bloomberg)...

Michael Best, high yield portfolio manager at Barings, joins Scarlet Fu on "Bloomberg Real Yield." Attractive yields and tight spreads produced a supply surge in the US high yield market this week. (Source: Bloomberg)...

Marc Pinto, global head of private credit at Moody's Ratings, joins Scarlet Fu and Olivia Fishlow on "Bloomberg Real Yield." Private credit funds with outsized exposure to software and tech loans face rising refinancing and credit risks as a wave of debt maturities loom from 2028, according to Moody's Ratings. (Source: Bloomberg)...

At Apple, 15 years of Tim Cook is coming to an end. What will 15 years under John Ternus look like?...

Belgium was cut by S&P Global Ratings, the second downgrade by a credit assessor in a week on the country running the euro area's biggest budget deficits....

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)...

One by one, high-conviction trades on Wall Street are falling out of favor....

Marc Pinto, global head of private credit at Moody's Ratings, joins Scarlet Fu and Olivia Fishlow on "Bloomberg Real Yield." Private credit funds with outsized exposure to software and tech loans face rising refinancing and credit risks as a wave of debt maturities loom from 2028, according to Moody's Ratings. (Source: Bloomberg)...

Nvidia Corp. shares rose to their first record in months on Friday, the latest example of improving momentum at the leader in artificial intelligence chips....

Target Corp. is requiring that some remote workers relocate to the retailer's headquarters in Minneapolis in what is the company's largest return-to-office mandate in recent months....

The US sanctioned a Chinese oil refinery as well as dozens of shipping firms and vessels that transport Iranian oil, as the Trump administration ramps up economic pressure on Tehran ahead of diplomatic talks....