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Latest news from trusted sources around the world

Economy Financial Times
Trump’s pick of Pulte as spy chief threatens foreign surveillance bill

Republican and Democratic lawmakers say choice imperils extension of expiring Foreign Intelligence Surveillance Act

Economy Financial Times
Elon Musk shifts social media focus from SpaceX to UK far-right politics

Tech billionaire has made 110 posts, retweets and replies about British affairs in the space of a week

Dow Average Hits Peak as Old-School Stocks Beat AI: Markets Wrap
Economy Bloomberg
Dow Average Hits Peak as Old-School Stocks Beat AI: Markets Wrap

Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc.’s underwhelming outlook …

Economy Financial Times
Japanese hardware stocks are having a moment — again

The current surge plays to the country’s industrial strengths

Oil Falls After Israel-Lebanon Ceasefire Even as Clashes Persist
Economy Bloomberg
Oil Falls After Israel-Lebanon Ceasefire Even as Clashes Persist

Oil fell as a conditional ceasefire between Israel and Lebanon offered to ease the way toward a US-Iran peace deal, even as the truce was …

New Fed Beige Book Survey Shows Inflation Up Across Most Districts, Steady Employment
Economy Bloomberg
New Fed Beige Book Survey Shows Inflation Up Across Most Districts, Steady …

Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige …

OpenAI y Anthropic alistan sus OPI que podrían redefinir el mercado de la inteligencia artificial
Economy Bloomberg
OpenAI y Anthropic alistan sus OPI que podrían redefinir el mercado de …

Dos grandes de la IA tienen la mirada puesta en los mercados bursátiles, pero algunos se preguntan si la salida a bolsa de SpaceX, prevista …

Economy Financial Times
SpaceX wins tax exemption for $55bn AI chip plant despite local backlash

Elon Musk’s Terafab plant sparks fierce opposition and threat of legal action from residents of Texas county

Economy Financial Times
Senior official from Germany’s AfD meets top Kremlin associates

Executives hold talks with far-right party, which leads German polls and supports restarting gas flows through Nord Stream

SpaceX Seeks $75 Billion in Record IPO to Fund AI, Launch
Economy Bloomberg
SpaceX Seeks $75 Billion in Record IPO to Fund AI, Launch

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite …

Economy Financial Times
Saudi wealth fund replaces foreign CEOs with locals

Public Investment Fund focuses on domestic investments ahead of country hosting 2034 World Cup

Economy Financial Times
Partners Group limits withdrawals at private equity fund for wealthy individuals

Swiss private capital firm caps redemptions from its $8.6bn flagship vehicle

Private Credit Faces ‘Pipeline of Defaults,’ Holly Kim Says
Economy Bloomberg
Private Credit Faces ‘Pipeline of Defaults,’ Holly Kim Says

Glendon Capital co-founder Holly Kim explains why the private credit industry stands to see a big “backlog of defaults” away from any economic dislocations or …

Vanguard’s VOO Hits $1 Trillion of Assets in ETF Industry First
Economy Bloomberg
Vanguard’s VOO Hits $1 Trillion of Assets in ETF Industry First

A seemingly endless appetite for buying US stock dips has propelled Vanguard Group’s S&P 500-tracking ETF past $1 trillion in assets, making it the first …

Ares CEO Arougheti Says the Private Credit Market Isn't Broken
Economy Bloomberg
Ares CEO Arougheti Says the Private Credit Market Isn't Broken

Ares Management co-founder and CEO Michael Arougheti says the private credit market remains strong and the recent stress in the private credit market is tied …

Oil Gains as US-Iran Clashes Cloud Peace Deal Outlook
Economy Bloomberg
Oil Gains as US-Iran Clashes Cloud Peace Deal Outlook

Oil rose for a third day as a fresh exchange of strikes between the US and Iran cast doubt on the prospects of a peace …

Inotiv, Breeder of Laboratory Animals, Files For Bankruptcy
Economy Bloomberg
Inotiv, Breeder of Laboratory Animals, Files For Bankruptcy

Inotiv Inc., which breeds dogs and imports monkeys that are used in drug experiments, filed for bankruptcy in part on what it blamed are tighter …

Economy Financial Times
Trump’s tariff threats spark political storm in Brazil

President Lula lashes out at lead election rival Flávio Bolsonaro over US lobbying effort

Economy Financial Times
Nissan signs deal with China’s Chery for Sunderland car production

Future of UK’s largest car plant was thrown into doubt by massive restructuring of Japanese group

Economy Financial Times
Google parent Alphabet upsizes record-breaking equity raise to $85bn

Tech giant launches first stock offering in more than two decades in effort to fund AI spending

Economy Financial Times
Vanguard fund becomes first ETF to top $1tn in assets

Rapid growth shows volume of passive money ready to buy IPOs such as SpaceX and Anthropic

Economy Financial Times
Meta bets on AI agents to unlock WhatsApp revenues

Mark Zuckerberg expands group’s AI push as it seeks to turn messaging app into bigger business

Options Traders Look Past Jobs Data as Inflation Takes Spotlight
Economy Bloomberg
Options Traders Look Past Jobs Data as Inflation Takes Spotlight

Wall Street traders expect a strong jobs report on Friday. That may not be enough to soothe them, as the war-fueled oil price shock increasingly …

Nestle Buys Out Yfood Founders in First Acquisition for New CEO
Economy Bloomberg
Nestle Buys Out Yfood Founders in First Acquisition for New CEO

Nestle SA is taking full control of ready-to-drink meal maker yfood Labs GmbH, bolstering the company’s push to focus on faster-growing brands, according to people …

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