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Grindr CEO on Inaugural WHCD Party, Political Initiatives
Grindr CEO George Arison joins Bloomberg Businessweek Daily to discuss the dating app's inaugural White House Correspondents' Dinner party, plus the company's presence in Washington, …
US Life Insurers Have Shifted More General Account Risk Offshore
US life insurers have shifted more of their general account risk to entities abroad than in the US as of year-end, the first time that …
Tax the Rich Policies Draw Attention
Michael Bologna, Bloomberg Industry Group senior tax correspondent, joins Scarlet Fu on "Bloomberg Real Yield." Democrats around the country are pushing forward on plans to …
US Sanctions Giant Chinese Refiner Hengli Over Iran Links
The US sanctioned one of China’s largest private oil refiners over its links to Iran, a move that ramps up economic pressure on Tehran but …
Ricky Sandler Shuttering Eminence Capital After 27-Year Run
Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning investor cash after a 27-year run, telling clients it hasn’t performed well enough in …
Euro Zone Price Spike Seen Surging Higher in Second Month of War
Euro-zone inflation probably jumped in April to the highest in 2 1/2 years as fallout from the Iran war squeezed economies across the currency area.
Azerbaijan Sold Gold Worth $3 Billion in First Ever Drawdown
Azerbaijan’s State Oil Fund sold about 22 tons of gold in the first quarter of the year, after a record-breaking rally pushed the sovereign wealth …
‘The Jig Is Up’: 70% Crash Marks Quick End to Avis Short …
The speculative mania around Avis Budget Group Inc. erupted quickly. It collapsed even faster.
DOJ Drops Powell Probe, Smoothing Path for Warsh to Fed
The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, …
Intel Plans Multi-Billion Dollar Bond Sale Tied to Apollo Deal
Intel Corp. is readying a multi-billion dollar bond sale to finance the repurchase of half of a plant in Ireland that it had previously sold …
ECB Moves to Smooth Digital Euro Rollout With Standards Deals
The European Central Bank moved to minimize adoption costs and encourage early coordination among those involved in its digital euro project, part of efforts to …
Repsol, BP Accused of Market Abuse by Spanish Fuel Firm Rival
Repsol SA, BP Plc and slate of other oil firms have been accused of abusing market dominance and anti-competitive practices in a complaint filed by …
Global Bonds Set for Worst Week in a Month as US-Iran Risks …
Global bond markets are heading for their worst week in a month as investors grow increasingly uneasy about a stalemate between the US and Iran.
China Allows Global Funds to Trade Government Bond Futures
China is allowing foreign investors to participate in government bond futures trading starting Friday, in a landmark step toward opening up its debt market to …
China Puts Export Curbs on First EU Firms Over Taiwan Arms Sales
China added seven European entities to its export control list over their involvement in arms sales to Taiwan, marking the first time Beijing has deployed …
China Hit Brakes on Fiscal Stimulus as Economy Holds Up Amid War
China pulled back on fiscal spending in March as the economy rebounded at the start of the year despite disruptions caused by the war in …
The Dark Side of Pokémon’s Multibillion-Dollar Card Boom
Pokémon cards are now worth serious money. Rare cards can sell for millions and the global trading cards market is projected to hit $23.5 billion …
Nomura's Wang on Asia Market Outlook
Julia Wang, North Asia CIO of Nomura International Wealth Management, says she "sees risk of high oil price for longer" and discusses her investment strategies …
Hyundai Motor Triples Down on China Market
Despite ongoing headwinds from supply‑chain disruptions, Hyundai Motor CEO José Muñoz expects China to account for 9% of the company’s global sales by 2030. He …
World’s Biggest Lithium Mine Cuts Full-Year Output Guidance
Shares in Australian miner IGO Ltd. tumbled as much as 14% after the company delivered a major downgrade to production guidance for Greenbushes, the world’s …
Gold Gains on Iran Talks Optimism With Fed Outlook in Focus
Gold advanced on optimism that the US and Iran are moving toward talks after days of deadlock, with traders also asessing the Federal Reserve’s interest …
Stocks Climb, Oil Falls on US-Iran Talk Reports: Markets Wrap
Hopes that the US and Iran will be back to the negotiating table drove stocks toward all-time highs, with the market also gaining after a …
Australia’s IFM Targets Europe Defense Investment as NATO Rearms
Australian infrastructure investor IFM Investors Pty is eyeing defense opportunities in Europe as it seeks to tap the region’s historic shift to military expansion.
RBC Hires Industrials Bankers Gandhi, Choi in Advisory Push
Royal Bank of Canada has hired industrials bankers Kinjal Gandhi and Alex Choi as Canada’s biggest bank continues building out its investment banking franchise.
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