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Bloomberg News is an international news agency headquartered in New York, United States and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. Source
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| Scope | International |
|---|---|
| Language | English, Japanese, Spanish |
| Country | United States of America |
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Recent Articles
Search ArticlesTwo Sigma’s Overdeck Says Control of Firm a Concern in Divorce
Photographer: Michael Nagle/Bloomberg (Bloomberg) -- Two Sigma Investments co-founder John Overdeck testified in his divorce trial that maintaining equal control of the quantitative hedge fund with co-founder David Siegel is a “principal concern” for him in any division of marital assets. The two billionaires have feuded with each other for years, and things became bad enough that Two Sigma disclosed the rift as a material risk in 2023.
This Global Bond Rout Has a Surprise Winner
Photographer: Bloomberg/Bloomberg (Bloomberg Opinion) -- Global bond yields have climbed to the highest levels in almost two decades, pushing up mortgage repayments and corporate financing costs. But one corner has remained unusually resilient: emerging markets. Much of the recent selloff is concentrated on long-dated sovereign debt issued by developed nations. Traders are hedging against further losses in Treasuries, while Japan’s 30-year yield hit a record high.
Amazon, Walmart Face Data Requests in DOJ Beef Antitrust Probe Original
Photographer: Patrick T. Fallon/Bloomberg (Bloomberg) -- The US Justice Department expanded its antitrust inquiry of the meatpacking industry by demanding information on surging beef prices from eight major food retailers, including Amazon.com Inc., Costco Wholesale Corp. and Walmart Inc.
Waymo Taps Pimco, Blackstone for $3 Billion in First Debt Deal
Photographer: Jose Sarmento Matos/Bloomberg (Bloomberg) -- Waymo is in the final stages of talks to raise debt for the first time, tapping lenders including Pacific Investment Management Co. for more than $3 billion as it looks to become the leading robotaxi company globally. Blackstone Inc. and Sixth Street Partners are among other lenders providing the loan to Alphabet Inc.’s autonomous driving unit, according to people with knowledge of the transaction.
Trump Plans to Open Utah Wildlife Refuge to Oil, Gas Drillers
Source: US Fish and Wildlife Service (Bloomberg Law) -- Oil and gas drilling beneath a Utah national wildlife refuge will be permitted under a proposal the Interior Department announced Wednesday, reversing restrictions on fossil fuel development last affirmed by the George W. Bush administration.
Mangione Judge Worried About State Case, Leaks at Secret Hearing
Photographer: David Dee Delgado/Reuters/Bloomberg (Bloomberg) -- At a secret court hearing days before Luigi Mangione admitted killing UnitedHealth Group Inc. executive Brian Thompson, the federal judge overseeing the case expressed concern that a guilty plea might affect jury selection in the separate murder case he faces in New York state court. Mangione, 28, pleaded guilty in federal court on Aug.
Burnham Offers More Style Than Specifics in Parliament Debut
Source: House of Commons (Bloomberg) -- New UK Prime Minister Andy Burnham was prepared for a grilling from Conservative leader Kemi Badenoch during his first session of prime minister’s questions in the House of Commons, but the surprise attack came from one on his own backbenchers.
UVA’s Situational Awareness Bet Fueled Record Year Before Tumult
Photographer: Daxia Rojas/AFP/Getty Images (Bloomberg) -- When AI-focused hedge fund Situational Awareness lost more than two-thirds of its $45 billion in July, most of the investors who took the hit were wealthy individuals and tech founders. One of the few institutions in the mix was the University of Virginia, according to people familiar with the matter.
Kalshi Seeks Never-Expiring Oil Futures Amid 24/7 Trading Debate
Bloomberg (Bloomberg) -- Kalshi Inc. will seek regulatory approval for an oil-linked futures contract that never expires, a move that would bring a product popular in crypto markets into the traditional energy sphere as the industry debates the risks of round-the-clock markets.
Napster Shifts Course to Penny-a-Minute AI Agents Via Microsoft
(Bloomberg) -- Napster, the former music-streaming platform, is betting on low-cost AI agents as its path back to success. Chief Executive Officer John Acunto, who helped spearhead Infinite Reality’s $207 million acquisition of Napster last year, suggested Wednesday that the AI pivot via a partnership with Microsoft Corp. was a natural extension of the brand’s disruptive legacy. “We are going from streaming music to streaming intelligence,” Acunto said in an interview on Bloomberg Television.