David Fox
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Articles by David Fox
Why Investors Aren’t Wild About Big Tech’s AI Forecasts
Photographer: monsitj/iStockphoto (Bloomberg) -- Tesla disclosed this week that it had fallen short of its targets for AI infrastructure spending. Investors didn’t like that.
AI Neoclouds Are Losing Their Silver Lining
Photographer: Yuki Iwamura/Bloomberg October 20, 2026 at 10:00 PM UTC When it comes to neoclouds, investors are no longer feeling so sunny. And neither should the Federal Reserve.
CoreWeave, Neoclouds and a Looming AI Reckoning
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- CoreWeave’s eye-popping debt and quest for new capital has some investors on edge.
The Troubling Picture Emerging From US Consumer Data
Photographer: Allison Joyce/Bloomberg (Bloomberg) -- US economic growth is up but consumer sentiment is down.
Trump Is Out of Time to Bring Down Oil Prices
Photographer: PATRICK T. FALLON/AFP (Bloomberg) -- Energy prices are up — and President Trump is out of time to bring them down before the US midterm elections.
Wall Street’s Equities Desks Surpass Bond Traders
Photographer: Angela Weiss/AFP October 13, 2026 at 9:41 PM UTC In a Wall Street reversal, equities divisions are eclipsing bond traders.
AI’s Giant Money Loop Is Feeling Very 2008
Photographer: Kyle Grillot/Bloomberg (Bloomberg) -- The AI infrastructure boom is funded by a complex web of investments, as tech companies pour money into one another and foreign investors funnel still more cash into the industry.
Inside Jane Street, the Trading Firm on Top of Wall Street
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- Jane Street just eclipsed Goldman Sachs and JPMorgan as the biggest trading house on Wall Street. It pulled in nearly $40 billion in trading revenue in 2025.
Compre promotes Davin Patel and Thuan Ho
Compre promotes Davin Patel and Thuan Ho Created: Oct 09, 2026 10:30 AM (Updated: Oct 09, 2026 10:30 AM) Davin Patel, chief risk officer, Compre Group Holdings (File photograph) Bermuda-domiciled international specialty reinsurance group Compre Group Holdings has promoted Davin Patel to chief risk officer, subject to the necessary governance and regulatory approvals, and Thuan Ho to chief actuary, pricing, pending immigration approval.
Hamilton Princess named No 2 resort in Atlantic islands
Hamilton Princess & Beach Club has been ranked the No 2 resort in the Atlantic Islands in the 2026 Condé Nast Traveler Readers' Choice Awards, earning an outstanding score of 99.17. Tim Morrison, the hotel's general manager, said he was honoured by the recognition. "This prestigious recognition reflects the passion, dedication and commitment of our entire team to delivering exceptional service and memorable guest experiences," Mr Morrison said.
Texas Is Testing the Power of MAGA Inc.’s Money
Photographer: Kent Nishimura/AFP/Getty Images (Bloomberg) -- President Trump is campaigning in Texas on Wednesday, rallying voters in a state that’s long been a Republican stronghold.
Bessent Keeps Trying to Talk Down Yields
US Treasury Secretary Scott BessentPhotographer: Tony Gutierrez/AP Photo October 6, 2026 at 9:02 PM UTC It’s already been a tough week for Scott Bessent.
Could High US Bond Yields Spark a Crisis in Europe?
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- Bond yields are climbing from the US to Japan — pushing up borrowing costs and putting fresh stress on governments, markets and consumers.
The Steamy, Billion-Dollar World of Romantasy Novels
Photographer: tomertu/iStockphoto (Bloomberg) -- Romantasy books have created a near-billion-dollar industry in the US alone.
What the Man City Cheating Scandal Means for the Premier League
Photographer: Oli Scarff/AFP/Getty Images (Bloomberg) -- The Premier League has found its top-ranked club, the star-studded and highly decorated Manchester City, guilty of artificially boosting financial results by more than £900 million over nine...
In US Senate Races, It’s Democrat Surge vs. Republican Cash
Photographer: Daniel Heuer/Bloomberg (Bloomberg) -- The 2026 midterms are on track to become the most expensive elections in US history, with Republican Senate candidates raking in hundreds of millions from PACs and Democrats riding a growing wave...
Could Bond Yields Break the Stock Market?
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- At over 5%, the 10-year Treasury yield is the highest since 2007. Those soaring yields are raising lots of questions about whether investors should be trimming stocks and buying bonds.
Joy comes in the morning
Joy. It’s a quality that Yannick Nézet-Séguin — Maestro of the Philadelphia Orchestra, among many other things —radiates. Universally known to Philadelphians by his first name (can you imagine previous Music Directors being called “Gene,” “Riccardo,” or “Wolfgang”?), Yannick seems eternally cheerful. Even when he wades into darker territory, as with a reference at the second concert to the dire Kennedy Center situation, there’s always a sense of light at the end of the tunnel.
This Isn’t Your Parents’ United Nations
Photographer: Angelina Katsanis/Bloomberg (Bloomberg) -- At this week’s UN General Assembly meeting in New York, an AI executive delivered dire warnings via video. President Trump threatened to annihilate Iran.
Diesel Prices Are Spiking. In Battleground States, Voters Are Noticing
Photographer: David Paul Morris/Bloomberg (Bloomberg) -- Diesel prices are hitting new highs, and voters aren’t happy.
HSBC addresses card faults
HSBC Bermuda said on Tuesday the bank was taking action to address a litany of difficulties experienced by debit card holders. A notice posted online advised that technical solutions were being sought. The statement read: "Due to essential system maintenance, all HSBC ATMs in Bermuda will be unavailable from 9.30am to 10am on Tuesday, September 22 to aid resolution of some challenges experienced in recent weeks. "During this time, point-of-sale terminals will be operational.
Banks unmoved by Fed interest rate hike
Two of Bermuda's banks remain unmoved after the United States Federal Reserve Board's decision to raise its benchmark interest rate by 25 basis points last week, the first rate increase since July 2023.
HSBC bank card woes extend into sixth month
Frustrated HSBC Bermuda customers are again taking to social media to say their bank cards are not working as advertised. Non-functioning card services were an issue as far back as March when some used the Maj's List Facebook page to complain about HSBC customer service, a parade of needed card replacements, card failures at ATMs and debit cards that were unreliable.
With Latest Hike, BOJ Doubles Down on Aggressive Monetary Policy Plans
Photographer: Akio Kon/Bloomberg (Bloomberg) -- It’s been a big week for central banks around the world. Yet among the flurry of rate decisions, the Bank of Japan’s move stands out.
The AI Industry Says It’s Ready to Slow Down. Can It?
Photographer: Krisztian Bocsi/Bloomberg (Bloomberg) -- AI executives across the industry, led by Anthropic CEO Dario Amodei, called for a coordinated slow down in AI development over the weekend.
US Drug Giants Are Scouring China for Cutting-Edge Discoveries Original
tk (Bloomberg) -- American pharma giants are increasingly turning to Chinese labs to discover, test and develop cutting-edge drugs.
Mark Carney Eyes Europe for Canada’s Future
Photographer: ANDREJ IVANOV/AFP (Bloomberg) -- In the midst of a trade war with the US, Canadian Prime Minister Mark Carney is on a charm offensive.
All the President’s Risks: Where Trump’s Venezuela Oil Deal Could Stall
Photographer: Gaby Oraa/Bloomberg (Bloomberg) -- Oil prices topped $100 per barrel on Wednesday, keeping gas prices and the Iran war at the center of the US midterms conversation.
Guy Carpenter rebrands as Marsh Re
More than a century after acquiring Guy Carpenter, Marsh & McLennan has rebranded its reinsurance, capital advisory and quantitative analytics arm, to Marsh Re. A note from Dean Klisura, president and CEO of Marsh Re, commented: "As Marsh Re, we are entering a new chapter that enhances how we serve clients in an increasingly complex risk environment.
Construction association awards scholarships
The Construction Association of Bermuda has awarded $25,000 in scholarships to Bermudians to help them continue their education in construction related fields. The funds were raised at CAOB'S annual golf tournament, with title sponsor H & H Plumbing & Mechanical Ltd, contributing sponsor D&J Construction Company Ltd and numerous other sponsors and donations.
Google adds new subsea cable plan
Google has announced a new Bermuda cable landing connecting to the Dominican Republic. The new system, Canoa, makes a link that provides options for Central and South American traffic needing to go to Europe, now through Bermuda. Fiona Beck, Bermuda Business Development Agency adviser, said this reinforced Bermuda as an Atlantic hub and brought new traffic.
Bessent’s Yen Intervention Is Fading. What Now?
Photographer: Jim Lo Scalzo/EPA/Bloomberg (Bloomberg) -- US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting.
How Election Prediction Markets Could Be Distorted for Cheap
Photographer: HIGHFIVE/Bauer-Griffin/GC Images/Getty Images (Bloomberg) -- With the US midterms fast approaching, voters and the media are increasingly looking to a new forecasting tool: prediction markets.
Tether Saw Benefits After These Trump Insiders Helped Shape Crypto Law
(Bloomberg) -- How did Tether — the largest stablecoin issuer in the world — go from fighting stablecoin regulation to supporting the Genius Act?
How Private Credit Is Fueling the Buy-Now-Pay-Later Boom
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- Two opaque corners of finance have joined forces: shadow banking and phantom debt.
‘Soft Power Suicide’: Samantha Power on One Year Without USAID
Photographer: Mel Musto/Bloomberg (Bloomberg) -- On July 1, 2025, the US effectively ended operations of the United States Agency for International Development, the global aid organization founded in 1961, cutting most staff and moving it into the...
Want to See the World Cup Final? That’ll Be $10,000
Photographer: Alfredo Estrella/AFP/Getty Images (Bloomberg) -- The 2026 World Cup kicks off today in Mexico City.
As Protests Roil Bolivia, We Sit Down With the President
Photographer: Marvin Recinos/AFP/Getty Images (Bloomberg) -- President Rodrigo Paz ended 20 years of socialist rule in Bolivia with promises of unity, democracy and prosperity — and plans to tap the country’s mineral wealth.
‘CFPB RIP’: How Trump and Vought Gutted America’s Consumer Watchdog
Photographer: Bloomberg/Bloomberg (Bloomberg) -- The US Consumer Financial Protection Bureau is tasked with enforcing consumer finance laws and holding some of the country’s most powerful banks, lenders and companies to account.
How Does DOJ’s $1.8 Billion Anti-Weaponization Fund Work?
Photographer: Bloomberg/Bloomberg (Bloomberg) -- The US Justice Department has announced it would establish a $1.776 billion legal fund to compensate people who claim they’ve been targeted unfairly by the federal government.
Iran and Inflation Fears Hit Global Bonds
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- The global bond market buckled over the past week.
What the Race to Redistrict Means for Local Economies
Photographer: Sean Rayford/Getty Images North America (Bloomberg) -- For months, Democrats and Republicans have been locked in a fierce battle over the way districts are drawn across the US.
Watch: Bermuda seen playing key role in future of digital finance
Created: May 15, 2026 07:59 AM John Darsie, CEO of Salt (File photograph) On an institutional level, blockchain and digital finance is driving a complete disruption of financial infrastructure around the world, the Bermuda Digital Finance Forum was told. John Darsie, the chief executive of Salt, said that coming out of the forum, it was important to understand the consumer level impact. The community day activation was to be a demonstration of why the technology accrues value back to users.
Meet the Generation Shaping Global Consumer Trends With Your Money
Photo Illustration: Justin Metz for Bloomberg Businessweek (Bloomberg) -- The oldest Gen Alphas are still in high school, but some of the early reviews have been scathing. Unruly. Nihilistic. Bad at reading.
The Russian Disinformation Campaign Spreading Falsehoods at AI Speed
Photo illustration: Bloomberg (Bloomberg) -- This year has seen an uptick in falsified videos and other online disinformation with a common theme: advancing Kremlin interests.
A Key SCOTUS Case for MAHA’s Support of Trump
Photographer: Tom Brenner/FR117851 AP (Bloomberg) -- Supporters of the Make America Healthy Again movement helped put President Trump in office for a second term.
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