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Latest news from trusted sources around the world

The World’s First Trillionaire and the Company He Won’t Let Go
Economy Bloomberg
The World’s First Trillionaire and the Company He Won’t Let Go

Elon Musk made history last month.

EasyJet Has Private Equity Firms Going Out of Their Comfort Zone
Economy Bloomberg
EasyJet Has Private Equity Firms Going Out of Their Comfort Zone

The aviation industry has seen plenty of deals activity in recent years, but the battle between two US funds for EasyJet Plc stands out because …

China Tells Refiners to Keep Fuel Output High as Iran War Drags
Economy Bloomberg
China Tells Refiners to Keep Fuel Output High as Iran War Drags

China instructed some major refiners to keep fuel production high, according to people familiar with the matter, in an effort to protect domestic consumers as …

Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole
Economy Bloomberg
Eni’s Descalzi Says Energy Crisis May Worsen in Short Term: Sole

The global energy situation could deteriorate further as oil inventories decline and competition for supplies intensifies, Eni SpA’s Chief Executive Officer Claudio Descalzi told Italian …

China Power Load Hits Early Record as Data, EV Demand Rises
Economy Bloomberg
China Power Load Hits Early Record as Data, EV Demand Rises

China’s nationwide electricity load reached a record high for the first time this year on July 10, hitting 1.518 billion kilowatts, the National Energy Administration …

VW CEO Under Pressure as Labor Unions Torpedo Revival Plan
Economy Bloomberg
VW CEO Under Pressure as Labor Unions Torpedo Revival Plan

Volkswagen AG Chief Executive Officer Oliver Blume is facing an uphill battle to push through a fundamental overhaul of Europe’s biggest carmaker after failing to …

Xi Says China’s Backing for Kim and North Korea Won’t Change
Economy Bloomberg
Xi Says China’s Backing for Kim and North Korea Won’t Change

President Xi Jinping said China’s commitment to its friendship with North Korea, support for Kim Jong Un’s leadership and determination to safeguard the two countries’ …

Kazakh Tycoon Turlov’s Freedom Raises $300 Million for Expansion
Economy Bloomberg
Kazakh Tycoon Turlov’s Freedom Raises $300 Million for Expansion

Kazakhstan billionaire Timur Turlov’s Freedom Holding Corp. raised $300 million in a share sale to help fund its ongoing international expansion.

India, NZ Plan Strategic Partnership Including Maritime Security
Economy Bloomberg
India, NZ Plan Strategic Partnership Including Maritime Security

India and New Zealand will elevate their relationship to a “strategic partnership,” as both seek closer trade and security ties.

SK Hynix Rises After Record US Offering | The Close 7/10/2026
Economy Bloomberg
SK Hynix Rises After Record US Offering | The Close 7/10/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall …

MGM Resorts Engaged in Deal Talks With Diller, WSJ Says
Economy Bloomberg
MGM Resorts Engaged in Deal Talks With Diller, WSJ Says

MGM Resorts International is engaged in deal talks with Barry Diller’s People Inc. after the entertainment mogul offered to acquire the part of the casino …

S&P Global: FIFA to Offer Short-Term Economic Boost
Economy Bloomberg
S&P Global: FIFA to Offer Short-Term Economic Boost

Nora Wittstruck, Chief Analytical Officer for Governments at S&P Global, joined Romaine Bostick and Katie Greifeld on Bloomberg's 'The Close' to provide insights on FIFA's …

Pro Shop's Chad Mumm on 'Full Swing,' Golf in 2026
Economy Bloomberg
Pro Shop's Chad Mumm on 'Full Swing,' Golf in 2026

Chad Mumm, Co-Founder of Pro Shop and Producer of the Netflix series 'Full Swing,' talks about the world's number-one ranked golfer, Scottie Scheffler, missing the …

Gensler: Big Deals a Sign of 'High-Valuation Market'
Economy Bloomberg
Gensler: Big Deals a Sign of 'High-Valuation Market'

Gary Gensler, Former SEC Chair and professor at MIT Sloan School of Management, joins Romaine Bostick and Katie Greifeld on Bloomberg's 'The Close' and discusses …

Nuclear Energy Services Firm Holtec Joins Sector’s IPO Rush
Economy Bloomberg
Nuclear Energy Services Firm Holtec Joins Sector’s IPO Rush

Holtec Nuclear Corp. filed for a US initial public offering, becoming the latest in the sector to try to capitalize on data centers’ growing power …

Economy Bloomberg
Rhode Island Jail Operator Files Bankruptcy to Cut Bond Debt

Central Falls Detention Facility Corp., which houses federal detainees including people arrested by the US Immigration and Customs Enforcement agency, filed for bankruptcy saying it …

Economy Bloomberg
Shionogi-Backed Apnimed Files for IPO to Fund Sleep Apnea Drug

Apnimed Inc. filed for a US initial public offering, as its oral drug to treat obstructive sleep apnea moves closer to being commercialized.

Insuring Rare and Collectible Cars and Boats: Masters in Business with McKeel Hagerty
Economy Bloomberg
Insuring Rare and Collectible Cars and Boats: Masters in Business with McKeel …

Barry sits down with with CEO and Chairman of Hagerty, McKeel Hagerty. They discuss how he transformed the the family boat insurance business into a …

Delta Travel Demand Withstands Fuel Costs
Economy Bloomberg
Delta Travel Demand Withstands Fuel Costs

Delta’s earnings beat and it reaffirmed its full-year profit guidance as travel demand withstands higher prices. Sheila Kahyaoglu, Senior Equity Research Analyst at Jefferies, discusses …

SK Chairman Says He Has ‘Much, Much Bigger’ US Investment Plan
Economy Bloomberg
SK Chairman Says He Has ‘Much, Much Bigger’ US Investment Plan

SK Group has a “much, much bigger” plan to invest more money in the US, Chey Tae-won, chairman of the South Korean conglomerate, said in …

SK Hynix ADRs Surge 14% After Record $26.5 Billion US Offering
Economy Bloomberg
SK Hynix ADRs Surge 14% After Record $26.5 Billion US Offering

SK Hynix Inc.’s American depositary receipts surged 14% above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-ever US …

US Stock Futures Slip After Tech Rally, SK Hynix Starts Trading
Economy Bloomberg
US Stock Futures Slip After Tech Rally, SK Hynix Starts Trading

US equities were trading mixed Friday as investors digested the record US listing of South Korea’s SK Hynix Inc. and prepared for the start of …

The Battle Sweeping Through Wall Street
Economy Bloomberg
The Battle Sweeping Through Wall Street

Shifting market dynamics have raised an existential question: Does diversification, the cornerstone of portfolio management, still make sense when the world is undergoing seismic changes? …

Spain’s Cuerpo Touts US Business Ties to Diffuse Trump Tensions
Economy Bloomberg
Spain’s Cuerpo Touts US Business Ties to Diffuse Trump Tensions

Spain is striving to strengthen business links with the US, despite tensions with Donald Trump, according to Economy and Trade Minister Carlos Cuerpo.

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