Bloomberg Nachrichten

 

The wedding of a tea-shop chain entrepreneur and a solar-panel heiress is set to offer a rare glimpse into the next generation of China's ultra-wealthy....

After President Trump gave a royal welcome to Saudi Arabia's Crown Prince Mohammed bin Salman, the Kingdom's strategic shift from petrochemicals to technology is expected to materialize in the form of investment. We break down what investors can expect with Basilinna's Deborah Lehr and Council on Foreign Relations' Steven Cook. (Source: Bloomberg)...

Canva Inc., Australia's most high profile startup, has had a surge in users of its new product suite as it builds toward listing as a public company, one of its founders said....

A mortgage loan for Chicago's Bank of America Tower is being refinanced with $700 million in bonds, a rare bright spot for the city's beaten-down real estate market, according to people familiar with the matter....

Billionaire hedge fund manager Bill Ackman is revving up a long-anticipated plan to hold an initial public offering for his Pershing Square Capital Management, the Financial Times reported, citing unidentified people with knowledge of the matter....

Meera Pandit, Executive Director and Global Market Strategist at JPMorgan Asset Management, says the Fed may hold rates in December and then cut gradually next year, likely no more than two to three times. She tells Katie Greifeld and Romaine Bostick on “The Close” that the recent uptick in unemployment is concerning. (Source: Bloomberg)...

Andrea Auerbach, Cambridge Associates' Global Head of Private Investments, says the firm expects private markets to trough in 2026, with stronger exit and fundraising activity than in 2025. She tells Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)...

Hedge funds were caught on the wrong side of a sharp two-day swing in the stock market, rushing to protect against losses on Thursday only to unwind those positions a day later as prices snapped back....

Connie McDonald and Pam Weekes, co-founders of Levain Bakery, discuss rising food costs, consumer strength, and the release of their first cookbook with Romaine Bostick and Katie Greifeld on “The Close.” McDonald says people always seem to want a treat, “in good times or bad.” (Source: Bloomberg)...

Zillow Group Inc. urged a federal judge to reject a request by Compass Inc. to temporarily block the home-search site from employing a policy banning listings that have been publicly marketed elsewhere first....

American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive's employment ended before he joined the firm....

Bloomberg's Caroline Hyde discusses the wild ride markets have been on as AI and crypto anxiety hit investors. Plus, OpenAI is teaming up with Foxconn to design AI data center hardware in the US. And Cerebras CEO Andrew Feldman shares his thoughts on the US approval for advanced AI chips to be sold to the Middle East. (Source: Bloomberg)...

Jeff Aronson, Centerbridge Partners co-founder and managing principal, says to call private credit and direct lending "garbage lending" is an overstatement. Speaking on "Bloomberg The Close," Aronson says there are always peaks and valleys in lending. DoubleLine Capital CEO and founder Jeffrey Gundlach called private credit "garbage lending" earlier this week. (Source: Bloomberg)...

RTX Corp. and Israeli defense firm Rafael have won a $1.25 billion contract to build surface-to-air missiles for Israel's Iron Dome air-defense system at a new plant in Arkansas, the joint venture announced....

Wall Street's risk machine didn't break this week — Friday's rebound spared it. But it flinched. And in doing so, it revealed how fragile the current market cycle has become....

A pair of San Francisco hotels whose travails exemplified a fallen commercial real estate market are changing hands, marking a milestone in the city's comeback story as it attracts some of the world's largest investors....

Italy achieved its first upgrade from Moody's Ratings in more than 23 years, a victory for Premier Giorgia Meloni that ends an era when the country teetered at the brink of junk....

On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss the US consumer sentiment falling to near lowest on record. Ernst & Young Chief Economist Greg Daco joins the show to break down the three 'A-Pillars' propping up the economy. Also on today's show, Tikehau Capital's Raphael Thuin on European stocks wavering as AI trade and Fed policy dominate market sentiment, and Pittsburgh International Airport CEO Christina Cassotis talks holiday travel outlook, new terminal design, and post-shutdown travel recovery. (Source: Bloomberg)...

The judge overseeing the US Justice Department's antitrust case over Google's ad tech monopolies said she is concerned about how long a forced sale of the company's advertising exchange might take and whether appropriate buyers can be identified....

Canva COO Cliff Obrecht discusses the design company's product rollouts and how it's been building out its leadership as it prepares to go public in the near future. Obrecht joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)...