Bloomberg Nachrichten

 

Canadian consumer prices accelerated for the first time in four months and underlying price pressures firmed, likely keeping the central bank from cutting interest rates later this month....

Kerrygold butter maker Ornua has slowed its US investment as it waits for more clarity on President Donald Trump's trade settlement with the European Union....

OPEC partly pushed back against reports that group leader Saudi Arabia surged crude production in June, with its latest monthly report indicating the kingdom may make only a modest increase....

Citigroup's traders had their best second quarter in five years with revenue buoyed by record trading volumes in the quarter. Sonali Basak reports on Bloomberg Television. (Source: Bloomberg)...

A Tel Aviv-based drone startup that this month opened a manufacturing facility in Tampa, Florida has raised $30 million to scale up production....

Apple Inc. has struck a $500 million deal to buy rare-earth minerals from MP Materials Corp., the US producer that just last week secured backing from the Pentagon....

Uber Technologies Inc. and Baidu Inc. plan to launch robotaxis on the ride-sharing platform in several markets outside of the US and mainland China through a multiyear partnership....

Citigroup Inc.'s traders rode the tariff-induced volatility in markets to their best second quarter in five years, with revenue buoyed by record trading volumes in the quarter....

Las Vegas Sands Corp. is targeting Southeast Asia's young and wealthy as it kicks off an ambitious $8 billion expansion of its luxury resort in Singapore that's core to the casino operator's future growth plans....

US Treasury Secretary Scott Bessent discusses US inflation, getting the “formal process” underway to find a successor to Jerome Powell as Federal Reserve Chair, trade deals with China and the European Union, and whether market reaction impacts the Trump administration's approach to tariffs and trade. (Source: Bloomberg)...

Wells Fargo & Co. just did something it hasn't been able to do for more than seven years: Cross the $1.95 trillion asset mark....

James Clarke, global head of institutional capital at Blue Owl, discusses the firm's expansion in the Middle East, investing to withstand geopolitical shocks and cyclical bumps, and providing individual investors access to alternative assets. (Source: Bloomberg)...

Albertsons Cos. raised its sales forecast for the full year, suggesting that consumers are eating more at home to save money....

D1 Capital Partners Founder and Chief Investment Officer Dan Sundheim tells David Rubenstein that the best investment advice he ever received came indirectly from Warren Buffett when he spoke about buying great companies, even if they are not priced below fair value. Sundheim spoke in an interview for "Bloomberg Wealth with David Rubenstein." This interview was recorded May 27 in New York. (Source: Bloomberg)...

D1 Capital Partners Founder and Chief Investment Officer Dan Sundheim tells David Rubenstein the Gamestop short squeeze moment in 2021 was the "toughest few weeks" of his career. The three-year-old hedge fund at that time saw painful losses on its short position in the video game retailer as the stock price surged. Sundheim spoke in an interview for "Bloomberg Wealth with David Rubenstein." This interview was recorded May 27 in New York. (Source: Bloomberg)...

D1 Capital Partners Founder and Chief Investment Officer Dan Sundheim tells David Rubenstein that though his hedge fund is co-headquartered in Miami and New York, 75% of younger talent prefers to be based in New York City. Sundheim spoke in an interview for "Bloomberg Wealth with David Rubenstein." This interview was recorded May 27 in New York. (Source: Bloomberg)...

Wells Fargo & Co. posted $11.7 billion in net interest income in the second quarter, falling just short of analysts' estimates of $11.8 billion. That prompted Wells Fargo to lower its full-year NII growth target to little changed from last year, down from prior guidance of 1% to 3% growth. Sonali Basak reports on Bloomberg Television. (Source: Bloomberg)...

South African central bank chief Lesetja Kganyago flagged that dollar depreciation because of US tariffs and deflation in China are clouding the outlook for inflation locally ahead of a rate-setting meeting at the end of the month....

Austrian real estate tycoon Rene Benko was formally charged with fraud after the collapse of his €23 billion ($27 billion) Signa property empire....

Geely Automobile Holdings Ltd. sweetened its offer to take premium electric car maker Zeekr Intelligent Technology Holding Ltd. private, a deal that helps billionaire Li Shufu streamline his sprawling business empire....