Bloomberg Nachrichten

 

Nicklaus Companies, Jack Nicklaus' former golf course services business, said it filed for Chapter 11 bankruptcy after a Florida court ordered the company to pay its founder $50 million in a defamation suit....

Division at the Federal Reserve has intensified in recent weeks, with officials staking out disparate positions ahead of the central bank's December policy meeting — all while Chair Jerome Powell stays silent....

From small-town Michigan to Walmart's hometown, we visit the most charitable places in America. Former Blackstone vice chair Tony James, Arkansas philanthropist Aaron Marshall and scholar Kevin Fitzpatrick share what they've learned about the “return on investment” from sharing time, money and kindness. (Source: Bloomberg)...

Bill Ackman lit the fire and Bill Pulte supercharged it....

The California Department of Public Health is investigating six additional cases of botulism in the state in infants who were given ByHeart formula before the start of the current outbreak in August, a department spokesperson told Bloomberg....

The American consumer is limping into the holiday season....

This week, Saudi Arabia's Crown Prince Mohammed bin Salman promises to bring as much as $1 trillion in investment to the US as Saudi Arabia tries to pivot from oil towards becoming a global technology and investment player. And, from small-town Michigan to the headquarters of Walmart, we reveal how philanthropy, volunteering and community ties power America's hidden generosity. Plus, what's driving the US's power grid strain? Later, McLaren's Zak Brown reveals what it really takes to build a winning culture and why great leaders never get comfortable at the top. (Source: Bloomberg)...

Thailand's newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to ease monetary policy further....

The United Arab Emirates plans to invest $1 billion to expand artificial intelligence infrastructure and services across Africa, bolstering its influence on a continent that's lagged behind the rest of the world in adopting the technology....

Reversals of fortune are nothing new for Bitcoin diehards — euphoric rallies, then brutal selloffs. They happen every few years, or whenever sentiment snaps....

Here's what the Chancellor might have in store for your money....

China-founded Wi-Fi behemoth TP-Link Systems Inc. is trying to convince US national security officials it's independent from Beijing. The circumstances surrounding its Vietnam factory, where the company makes products to ship to the US, show how hard that may be....

Daily Mail & General Trust Plc has signed an agreement to acquire the Telegraph Media Group at a £500 million ($655 million) valuation, days after the US private equity firm RedBird Capital Partners withdrew its offer to buy the right-leaning media organization....

European Central Bank President Christine Lagarde warned against seeing monetary policy as a solution to debt problems, implicitly rejecting recent suggestions from France's far-right party that the institution should relaunch large-scale asset purchases....

Time and again, history shows the power of unintended consequences....

Belarusian President Alexander Lukashenko pardoned 31 Ukrainians convicted of crimes in the former Soviet republic as part of agreements reached with US President Donald Trump....

US employment growth exceeded forecasts while the jobless rate ticked higher in September, illustrating a tenuous labor market that is unnerving American consumers....

Nigeria has shut dozens of schools following a spate of abductions that saw hundreds of children kidnapped this week....

Like many British chancellors, Rachel Reeves entered Downing Street on a promise to fire up the economy but has failed, so far, to make much difference....

The country's cattle herd has shrunk to its smallest size in decades and beef prices have been soaring this year, with hamburgers and steaks becoming the latest flashpoints in the political debate over higher food prices. In this episode, we untangle the roots of declining domestic beef supply — from drought and surging feed costs to the lasting impact of consolidation in the meatpacking industry. We speak with Bill Bullard, CEO of R-CALF USA, a trade association for independent cattle ranchers,...