Bloomberg Nachrichten

 

A little over a month after James van Geelen sent stocks into a tailspin with his dystopian account of a post-AI economic collapse, he's wagering that another fear-fueled selloff — this time, in the bond market — has run too far....

New York City's transit system is set to receive $600 million of long-awaited Federal Emergency Management Agency funds for additional cleaning expenses incurred during the Covid pandemic....

The United States Postal Service plans to raise prices on package shipments to offset the soaring cost of fuel, the Wall Street Journal reported....

Pentagon spending on defense tech from startups has more than doubled, from about $1.8 billion in Fiscal Year 2023 to $4.3 billion for Fiscal Year 2025, but still makes up less than 1% of total contract dollars. Rachel Hoff, policy director at the Ronald Reagan Institute, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...

Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez plan to introduce legislation that would impose a moratorium on new AI data centers, following growing pushback on their impact on energy prices. Representative Suhas Subramanyam, a Democrat from Virginia, home to one of the largest concentrations of data centers in the country, discusses what approach he thinks the country should take to the AI build-out. He speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...

Buyout firms are sitting on a massive stable of unsold companies. They're holding them longer and looking for creative ways to monetize them, as the old bootstrap-and-flip nature of the business evolves....

The Italian government is set to cut its economic growth forecast, reflecting a hit from the war in the Persian Gulf....

Disruption hurts. But Bloomberg Opinion columnist Parmy Olson has reason for cautious optimism about AI and Hollywood. (Source: Bloomberg)...

Liquidity at the gates....

More financial firms are wading into prediction markets in Canada, working to get the green light from regulators to bring a popular betting product to traders....

OHB SE is working on a sale of shares in the German satellite maker, people familiar with the matter said, potentially allowing minority investor KKR & Co. to trim its stake....

Investors are bidding up Electronic Arts Inc. dollar-denominated debt that priced on Tuesday to help fund the video game maker's record buyout....

Meta Platforms Inc. and Alphabet Inc.'s Google were found liable for a 20-year-old woman who alleged that her addiction to the companies' social media platforms caused her to suffer a mental health crisis, a jury said....

The Trump administration will waive higher-ethanol E15 gasoline from US volatility requirements this summer, expanding sales and delivering a win for corn farmers and biofuels producers....

Elon Musk said his artificial intelligence company, xAI, plans to upgrade its AI video generator, seizing on an opening left by rival OpenAI's decision this week to discontinue its Sora product....

At 5:30 a.m. at the Virgin Hotels Las Vegas, the ETF industry's biggest annual conference was taking place on the casino floor....

The head of the International Energy Agency will participate in a meeting of European Union finance ministers this week as they craft possible responses to the war in the Middle East....

Wall Street is awash in “massive pools of capital” that should drive M&A activity over the long-term, even as volatility upends dealmaking, according to one of Goldman Sachs Group Inc.'s top dealmakers....

An end to hostilities won't necessarily bring ships pouring back through the strategic waterway. Here's what a return to normal traffic is likely to entail...

Ecopetrol SA's board will meet March 30 to decide the fate of Chief Executive Officer Ricardo Roa, as pressure from politicians and workers risks paralyzing Colombia's biggest company....