News Muncher - category bloomberg

3 days, 15 hours ago

Bitcoin, high on Trump, sobers up after Fed statements

Salon

Bitcoin, riding record highs following Donald Trump's embrace of the digital cryptocurrency, came back down to earth after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold it. Related The Crypto Revolution comes to Washington "The Federal Reserve Act says what we can own, and we're not looking for a law change," Powell said. On …

Trump Crypto Bitcoin Fed Bloomberg Powell

4 days, 15 hours ago

Big Lots sale to Nexus falls apart, raising likelihood business will close

LA Times

Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management and will beginning selling its stores in coming days to protect the value of its real estate. “We all have worked extremely hard and have taken every step to complete a going concern sale,” said Bruce Thorn, Big Lots’ …

Company Deal Bloomberg Big Big Lots Nexus Resnick

Japanese carmakers Honda, Nissan in preliminary merger talks: reports

Deccan Chronicle

Tokyo: Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese electric vehicle makers, media reports said Wednesday. Honda announced plans in May to double investment in electric vehicles to $65 billion by 2030, part of its ambitious target set three years ago of achieving 100 percent EV sales by 2040. …

Japan Japanese Chinese Bloomberg Nissan Merger Talks Carmakers Honda

6 days, 6 hours ago

Mishal Husain finishes her last ever Today programme with an emotional send-off as she leaves BBC after 26 years

Daily Mail

Mishal Husain brought down the curtain on her 26-year career at the BBC with an emotional send-off as she presented her final Today programme this morning. Radio 4 invited former colleagues into the studio and played some of Husain's career highlights as the BBC paid tribute to their star presenter, once described by The Telegraph as 'The Today programme's interrogator …

Career Pakistan Today Know Bloomberg Keir Starmer Programme

6 days, 13 hours ago

Pan Brothers Closes In on $537 Million Debt Restructuring

Live Mint

-- Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after seven months of negotiation with creditors, according to people familiar with the matter, as it works to avoid becoming the second Indonesian clothesmaker to be declared bankrupt this year. The revised proposal came after Coordinating Minister of Economic Affairs Airlangga Hartarto summoned representatives of the …

Indonesia According Pan Indonesian Bloomberg News Lowy Hartarto

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration

Salon

Elon Musk’s net worth has topped $400 billion, making him the first person in the world to reach that threshold and far ahead of the other billionaires tapped for President-elect Donald Trump's incoming administration. Musk, CEO of Tesla and co-leader of Trump's new DOGE nongovernmental advisory group, has seen his fortune increase 77% since the Nov. 5 election to $447 …

Tesla Trump Musk Billion Fortune Bloomberg Worth

6 days, 23 hours ago

Big blow to Justin Trudeau as Canadian deputy PM Chrystia Freeland quits abruptly

Hindustan Times

In a big setback to Justin Trudeau, Canadian deputy prime minister Chrystia Freeland unexpectedly resigned from his cabinet. A file photo of Canadian prime minister Justin Trudeau and his former deputy Chrys Freeland. Freeland quit due to differences over Trump According to the Bloomberg report, Freeland left the cabinet due to differences over how to prepare for the incoming Donald …

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1 week ago

Mpox vaccine update: Serum Institute of India inks deal with Bavarian Nordic to produce the jab

Live Mint

Denmark's Bavarian Nordic has reached an agreement with the Serum Institute of India Pvt, to produce the Danish biotech firm’s Mpox vaccine. Bavarian Nordic confirmed in a statement on Monday that it will transfer technology to the Serum Institute, enabling the vaccine producer to supply shots for the Indian market, reported Bloomberg. Additionally, the agreement will allow the Serum Institute …

Global Reported Bloomberg Bavarian Nordic Serum Institute Bavarian Mpox Spread

1 week ago

Wamco Clients, Staff Head for Exits as Ken Leech Heads to Court

Live Mint

-- Outwardly, all is upbeat at Western Asset Management, which has invited its staff and clients to celebrate the New Year by watching the Rose Parade from Wamco’s balconies in Pasadena, California, and cheer on the firm’s flower-bedecked entry, “Float Like a Butterfly.” The parade’s theme is “Best Day Ever!” The same can’t be said today for Wamco’s star bond …

Investment Trading Johnson Million Franklin Bloomberg Staff

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

India Trade Deficit Billion Bloomberg Gold Imports

1 week ago

History Will Be Kinder to Joe Biden Than the Pollsters

Live Mint

Now that pollsters are declaring President Joe Biden a “failure,” historians will reckon with too many economic signals rendering the prevailing narrative little more than media noise. From the American Rescue Plan Act of 2021 that ushered in the longest period of unemployment below 4% since the 1960s to the Infrastructure Investment and Jobs Act of 2021 that paved the …

Pandemic Inflation Trump Harris President Rate Bloomberg

1 week ago

Private Equity Is Making Big Money From UK’s Most Vulnerable

Live Mint

Jade Barnett was 15 when she was driven 250 miles away from her home in London to Blackpool, in the northwest of England. “We’re aware that some registered children’s homes have become an investment vehicle for private equity, often based overseas,” says Yvette Stanley, national director of social care at Ofsted, the regulator for this market. “Too often, when phrases …

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1 week ago

World’s Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business challenges

Live Mint

World's Richest 2024: India's richest billionaires and among Asia's richest people, Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, have both dropped out of the Bloomberg's $100 billion club for the year, amid a number of business challenges, according to the publication. As such, Bloomberg reported that both Adani and Ambani are out of its “elite centibillionaires club”, …

India Billion Bloomberg Adani Richest

1 week ago

Biden to act on land protections, clemency, and AI in final weeks of Presidency

Hindustan Times

President Joe Biden intends to implement land protections, clemency, and artificial intelligence in the closing weeks of his administration in an effort to solidify his legacy before to Donald Trump's inauguration. President Joe Biden outlines his plans to implement land protections, clemency, and artificial intelligence in the closing weeks of his administration in an effort to solidify his legacy before …

Trump Biden Bloomberg His Legacy Land Protections

1 week ago

Goldman Sachs set to pay €2 billion for Dutch pharma firm Synthon International

NL Times

Goldman Sachs’ asset arm is in the process of acquiring the Dutch pharmaceutical company Synthon International for 2 billion euros. Goldman Sachs Asset Management and current Synthon-owner BC Partners are in the final stages of reaching a deal and an announcement is likely in the coming days, sources involved told Bloomberg. Some of its products include anastrozole, used as a …

Bloomberg Goldman Sachs Generic Medicines Bc Partners Synthon

Apple might be working on two foldable devices, first to debut in 2026

India Today

The rumours about foldable iPhones have been circulating online for some time. Apple is rumoured to be developing a foldable iPad with a display nearly 20 inches in size when fully unfolded, roughly equivalent to placing two iPad Pros side by side. Industry reports suggest that Apple’s upcoming foldable iPhone will incorporate advanced technology, including a flexible OLED display designed …

Display Apple Bloomberg Iphone Device This Device Foldable

1 week ago

How are states spending their opioid settlement cash? Look yours up in this database

NPR

How are states spending their opioid settlement cash? Look yours up in this database toggle caption Celia Talbot Tobin for KFF Health News In the past few years, state and local governments across the U.S. have begun spending billions in opioid settlements paid by companies accused of fueling the overdose crisis. Across the country, the money supports other innovative treatment …

Treatment Public Health Money States Settlement Oregon Spending

1 week ago

Luigi Mangione’s Defense to Hinge on Mindset, Emotion, Evidence

Live Mint

Police claim that they have accumulated overwhelming evidence that Luigi Mangione fatally shot UnitedHealth Group Inc. executive Brian Thompson, in an early-morning killing on a midtown Manhattan sidewalk that reverberated across the US. The New York Police Department said investigators have matched Mangione’s fingerprints to evidence found near the scene, and that three shell casings they recovered match a ghost …

Defense Evidence Pennsylvania Case New York Manhattan Bloomberg

1 week, 1 day ago

The GOP Must Make Amends With Those Who Disavowed the Big Lie

Live Mint

-- The online schadenfreude that has followed the killing of UnitedHealthcare CEO Brian Thompson has been callous and crude — to put it mildly, a sad commentary on the state of civility. “If this was a close vote and everything hinged on Arizona,” Hickman said of the 2024 returns, “I wouldn’t be at this table. I’d be sitting in some …

Threats Trump Election Party Democrats Republican Vote

1 week, 1 day ago

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Hindustan Times

Broadcom Inc., a chip supplier for Apple Inc. hit a $1 trillion market valuation for the first time on Friday, after predicting a boom in demand for its artificial intelligence chips. Broadcom's stock rose 24 per cent to $224.80 in New York on Friday, its biggest one-day share-price rally since August 2009, when the precursor company Avago Technologies Ltd held …

Apple Company Billion Cent Ai Bloomberg Chip

1 week, 2 days ago

Elon Musk’s net worth reaches historic peak. What is it?

The Independent

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The world’s richest person became even richer Wednesday …

Trump Company Musk Elon Musk According Billion Bloomberg

1 week, 2 days ago

More evidence that exercise can have beneficial effects on cognitive performance

NPR

More evidence that exercise can have beneficial effects on cognitive performance A new study suggests moderate to vigorous physical activity can boost scores on memory tests. The participants were a pretty healthy bunch without any cognitive problems and got about an hour of moderate to vigorous physical activity every day. BLOOMBERG: That's pretty substantial for this age group, certainly, so …

Exercise Tests Cognitive Physical Activity Physical Bloomberg Study

1 week, 2 days ago

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Live Mint

Broadcom Inc. surged to a $1 trillion market valuation for the first time on Friday, December 13, after predicting a boom in demand for its artificial intelligence chips. The chip supplier for Apple Inc. and other big tech companies predicted sales of AI products would gain 65 per cent in the first quarter, far faster than its overall semiconductor growth …

Market Revenue Billion Cent Tan Ai Bloomberg

1 week, 3 days ago

Waltons are over four times wealthier than Ambanis: World’s Richest Families 2024

Live Mint

World's Richest Families 2024: The Walmart Waltons are in the first spot with a wealth of $432.4 billion — exceeding even the world's richest person, Elon Musk's individual net worth and the Middle East royal families. Top 5 — World's Richest Families 2024 The Waltons of Walmart: Worth $432.4 billion from their 46 per cent stake in the consumer retail …

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Articles for Bloomberg

Bitcoin, high on Trump, sobers up after Fed statements

Big Lots sale to Nexus falls apart, raising likelihood business will close

Japanese carmakers Honda, Nissan in preliminary merger talks: reports

Mishal Husain finishes her last ever Today programme with an emotional send-off as she leaves BBC after 26 years

Pan Brothers Closes In on $537 Million Debt Restructuring

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration

Big blow to Justin Trudeau as Canadian deputy PM Chrystia Freeland quits abruptly

Mpox vaccine update: Serum Institute of India inks deal with Bavarian Nordic to produce the jab

Wamco Clients, Staff Head for Exits as Ken Leech Heads to Court

India’s Trade Deficit Widens to Record as Gold Demand Soars

History Will Be Kinder to Joe Biden Than the Pollsters

Private Equity Is Making Big Money From UK’s Most Vulnerable

World’s Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business challenges

Biden to act on land protections, clemency, and AI in final weeks of Presidency

Goldman Sachs set to pay €2 billion for Dutch pharma firm Synthon International

Apple might be working on two foldable devices, first to debut in 2026

How are states spending their opioid settlement cash? Look yours up in this database

Luigi Mangione’s Defense to Hinge on Mindset, Emotion, Evidence

The GOP Must Make Amends With Those Who Disavowed the Big Lie

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Elon Musk’s net worth reaches historic peak. What is it?

More evidence that exercise can have beneficial effects on cognitive performance

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Waltons are over four times wealthier than Ambanis: World’s Richest Families 2024