Bloomberg Markets

11/09/2024

Universal Music Group NV pushed back against billionaire Bill Ackman, saying his Pershing Square fund doesn’t have any right to require the company to become US domiciled or to delist from Euronext Amsterdam.

11/09/2024

Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected

Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected.

11/09/2024

Qatar has ended its effort to mediate between Israel and Hamas in pursuit of a cease-fire in Gaza, according to a diplomatic source briefed on the matter

Qatar said it’s stepping back from efforts to mediate between Israel and Hamas in pursuit of a cease-fire in Gaza.

11/09/2024

Gail Slater, an aide to Vice President-elect JD Vance, is advising Trump’s transition team on antitrust policy, including crafting a shortlist of candidates to serve as FTC chair.

An Oxford-educated antitrust lawyer who advised the first Trump White House on technology policy is helping the president-elect pick Lina Khan’s replacement.

11/09/2024

Power couple Miuccia Prada and Patrizio Bertelli have prepared the groundwork so that "Prada-ness" survives them

With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy.

11/09/2024

FTX filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort to claw back money for creditors of the bankrupt company.

11/09/2024

New York’s exceptionally dry autumn is unprecedented. These charts show just how staggering conditions have been.

New York’s exceptionally dry autumn is unprecedented. These charts show just how staggering conditions have been.

11/09/2024

Silicon Valley's Trump supporters have big plans.

Tech Republicans like Palmer Luckey and Joe Lonsdale aim to help the new administration, and could wield substantial influence.

11/09/2024

Silicon Valley's Trump supporters have big plans.

Tech Republicans like Palmer Luckey and Joe Lonsdale aim to help the new administration, and could wield substantial influence.

11/09/2024

The Federal Reserve chair made clear he’s ready to defend the US central bank from political pressure.

Federal Reserve Chair Jerome Powell made clear he’s ready to defend the US central bank from political pressure following the re-election of Donald Trump, saying he wouldn’t resign if asked and insisting the incoming president doesn’t have the power to fire him or other senior Fed leaders.

11/09/2024

Here's how Trump is already reshaping the crypto market.

President-elect Donald Trump’s pledge to put the US at the center of the digital-asset industry is reshaping the crypto market.

11/09/2024

“Investors should remember the old playbook, but they shouldn’t memorize it.”

A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 mo...

11/09/2024

The spike in US yields after Trump's election is a powerful warning from a market constituency who won't tolerate runaway deficit spending.

Donald Trump’s sweeping win in the US presidential election set off a torrent of buy signals across Wall Street. There was, however, one notable exception.

11/09/2024

Lulu’s IPO boosts Yusuff Ali’s net worth to $7.1 billion, cementing the India-born tycoon’s position as the UAE’s second-richest private individual

Yusuff Ali arrived in the United Arab Emirates as a teenager in 1973, when the country was populated by just half a million people. He opened his first grocery store in the capital Abu Dhabi the next year, before embarking on an expansion spree on the back of a years-long oil boom.

11/09/2024

The crypto industry made a $135 million bet on the US election. It paid off spectacularly.

11/09/2024

China’s consumer inflation was anemic in October while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation.