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The Atlanta film studio that produced Marvel's “Loki” and “Cocaine Bear” is ready to break into the data center business, but it's meeting resistance at every turn....

The bruising selloff in CoreWeave Inc. shares this week has wiped out more than $10 billion in market value in just four sessions due to the company's deteriorating credit profile....

In this episode of Power On, Mark Gurman is joined by Bloomberg's Chris Welch and Vlad Savov to break down Apple's long-awaited smart home launch. Plus, Mark reveals new details about Apple's upcoming touchscreen MacBook Pro launch, including plans for a late-October event in Los Angeles, a potential November release date and what to expect from the OLED iPad mini. Have a question for Mark? Email us at poweron@bloomberg.net or join the Power On Discord Subscribe to the Power On Newsletter at https://www.bloomberg.com/poweron (Source: Bloomberg)...

Binance.US is looking to raise as much as $100 million as the crypto exchange seeks to beef up its US business amid intensifying competition for digital-asset customers....

How the last few days clarified what's going with this market....

The world's most important oil benchmark has become little more than a “vibe contract,” blunting its usefulness as a tool to manage price volatility, according to Wall Street veteran Jeff Currie....

Sony Group Corp. introduced a trio of premium digital music players priced from $1,900 to $5,900, marking the first new hardware in several years carrying the storied Walkman name....

Nigerian tycoon Tony Elumelu is part of a team considering a $15 billion pipeline of investment projects across West Africa to help curb the region's infrastructure deficit....

Peru's economy grew more than 3% for a second straight month, in line with expectations, driven by strong performance in most sectors....

The Australian dollar touched the lowest level since early July, extending its decline after domestic labor data pushed traders to scale back expectations of interest rate increases from the Reserve Bank of Australia....

PG&E Corp. has begun sweeping power shutoffs as dangerously dry and windy conditions spread across California, raising wildfire risks....

Shares and bonds of FMC Corp. tumbled after the crop chemical company said it is overhauling its pricing strategy as weak demand continues to weigh on its product sales....

Initial jobless claims were little changed in early-October, reinforcing the view that the labor market is cooling through slower hiring rather than rising layoffs. The report gives the Fed little reason to worry about an abrupt deterioration in employment, but it doesn't ease broader concerns about weak job creation.  Lakshman Achuthan, COO and co-founder at ECRI, gives his outlook on employment and reacts to inflation data. (Source: Bloomberg)...

European Central Bank policymakers are getting impatient with Christine Lagarde's refusal to offer clarity on her future, people familiar with the matter said....

Nvidia Corp. Chief Executive Officer Jensen Huang said CoreWeave Inc., a data center operator that his company supplies with computers, is getting financially stronger....

A quick and painful selloff in shares of companies that make military equipment, missiles and planes is attracting investors who are betting the stocks will have an open runway once the midterm elections are over and fuel prices normalize....

JPMorgan Chase & Co. is weighing options for a fresh debt sale for Qualtrics International Inc. after underwriters got stuck with more than $5 billion of loans earlier this year....

After decades of geopolitical stability and relative predictability, the rules of global engagement are being rewritten. From October 13–15, the Bloomberg New Economy Forum brought together public-and private-sector leaders from around the world in New Delhi to examine: A World in Play: Defining the New Levers of Power. (Source: Bloomberg)...

US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. The producer price index advanced 1.3% from a month earlier — the most since March 2022 — and 6.3% from a year earlier, according to Bureau of Labor Statistics data. Stephanie Roth, Chief Economist at Wolfe Research, reacts to the data. (Source: Bloomberg)...

As AI stocks retreat and rates remain a concern, Pershing Square CIO Ryan Israel joins Bloomberg Open Interest to explain why the firm is focused on durable businesses at attractive prices. He discusses the long-term cases for the eye-care company Alcon and Netflix, when a macro bet makes sense and the firm's expansion into private growth companies. (Source: Bloomberg)...