Ex-MIT professor wins $6M after sex claims wrecked career, accuser joked about ‘#hetoo’
David Sabatini's $6 million defamation win over Kristin Knouse now faces cross-appeals as both sides prepare to battle in Massachusetts courts.
CORPORATE ACCOUNTABILITY // WIRE
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FINANCIAL TIMES CORPORATE ACCOUNTABILITY
Donald Trump has taught the world that tariffs are useless
The Republicans’ evisceration in the midterm elections shows the economic and political costs of mindless protectionism
BLOOMBERG CORPORATE ACCOUNTABILITY
EU Escalates TikTok Probe Over Algorithmic ‘Rabbit Holes’
TikTok moved one step closer to a new European Union fine after regulators found its video-recommendation algorithm pushes users down “rabbit holes” of potentially harmful content, escalating an almost three-year probe into the…
Montana votes to ban corporate political money. Next stop? Probably the Supreme Court
Montana voters approved a novel strategy to restrict corporate political spending, setting up a constitutional fight that could reach the Supreme Court.
BLOOMBERG CORPORATE ACCOUNTABILITY
Fed’s New FOMC Schedule Turns Back the Clock for ‘Strategy’ Sessions
In 2027, the Federal Reserve will begin a transition to holding fewer policy meetings a year, a change that seems monumental for such a staid institution, but one that will actually return the US central bank to bygone ways of operating.
London Underground strikes: Drivers to stage series of 24-hour walkouts
London is set for more tube strikes in the coming months
BLOOMBERG CORPORATE ACCOUNTABILITY
Balance of Power: Pope Leo Steps Into Trump-Tinged Latin America
The pontiff arrives for an extended trip as the president seeks to extend US influence in the region.
BLOOMBERG CORPORATE ACCOUNTABILITY
KKR Is Said to Seek More Banks for Logisteed IPO in Japan
KKR & Co. is seeking arrangers to work on the potential initial public offering of Japanese logistics operator Logisteed Holdings Ltd. in Tokyo, according to people familiar with the matter.
BLOOMBERG CORPORATE ACCOUNTABILITY
Taiwan Imposes Short-Selling Limit After Stock Market Rout
Taiwan rolled out fresh curbs on short selling to rein in market volatility after a deepening selloff in artificial intelligence-related shares drove the island’s benchmark equity gauge into bear-market territory.
BLOOMBERG CORPORATE ACCOUNTABILITY
Bloomberg Daybreak: AI Trade Drawdown (Podcast)
Source: Bloomberg, 0:00
JACKSON THOMPSON: NH school district pays $275K after banning fathers' for 'XX' wristbands at soccer game
Bow School District agreed to a federal judgment declaring it violated families' First Amendment rights over silent "XX" wristband protests.
BLOOMBERG CORPORATE ACCOUNTABILITY
Kyiv Hits Sixth Russian Oil Plant in a Week as Campaign Picks Up
Ukraine attacked a sixth Russian crude-processing plant in the past week in a sign that Kyiv’s campaign against the country’s energy facilities is intensifying. The wave of strikes forced a major refinery to halt operations.
BLOOMBERG CORPORATE ACCOUNTABILITY
Global AI-Driven Selloff Spreads, Worst Rout Since 2020, More
Source: Bloomberg, 6:25
BLOOMBERG CORPORATE ACCOUNTABILITY
ATP Is Said to Weigh Stake Sale in €2 billion Spanish Gas Firm
Danish state-backed pension fund ATP is weighing a sale of its stake in Spanish gas distributor Redexis SA, according to people familiar with the matter.
BLOOMBERG CORPORATE ACCOUNTABILITY
Taiwan to Deploy Market Stabilization Fund After Stock Rout
Taiwan authorized its National Financial Stabilization Fund to step in to support the island’s stock market after a selloff whipsawed the tech bellwether.
BLOOMBERG CORPORATE ACCOUNTABILITY
Rubio’s Latin American Project Just Took Another Hit in Paraguay
Just two weeks ago, President Santiago Peña was boasting about how Paraguay had “the best numbers” in Latin America as he prepared to deliver the keynote address at a fancy gala in Washington.
BLOOMBERG CORPORATE ACCOUNTABILITY
Fast-Money Systematic Funds Stoked $2.3 Trillion Tech-Stock Rout
As investors rushed out of US technology stocks on Thursday, selling by trend-following systematic strategies amplified what quickly became a record plunge by market value in the Nasdaq 100 index.
Democrat sweep gives markets a reason to rethink path of interest rates
Rate hikes could be curbed by an Iran war resolution, slower U.S. growth and fresh fiscal policy — but none are set in stone.
BLOOMBERG CORPORATE ACCOUNTABILITY
Next Africa: How Luanda Will Topple Lagos (Podcast)
Source: Bloomberg, 0:00
BLOOMBERG CORPORATE ACCOUNTABILITY
French Salary Squeeze Intensifies Ahead of Minimum Wage Talks
French workers agitating for relief from rising living costs just got a new glimpse of the intensifying squeeze on their pay from surging inflation.
BLOOMBERG CORPORATE ACCOUNTABILITY
HSBC’s Max Kettner: The AI Trade Hasn’t Fundamentally Changed
Wall Street’s biggest trading desks spent weeks arguing that the stock-market rally would resume once the election was over. On Thursday, that call backfired spectacularly.Max Kettner, HSBC’s Chief Multi-Asset Strategist, argues that the…
BLOOMBERG CORPORATE ACCOUNTABILITY
ECB Is Gathering Data for Rate Decision in December, Lane Says
The European Central Bank is looking at all data arriving before its final interest-rate meeting of the year, Chief Economist Philip Lane said as markets continue to lean toward a hike.
BLOOMBERG CORPORATE ACCOUNTABILITY
Nvidia Boosts Chip Tracking in Southeast Asia to Fight Smuggling
Nvidia Corp. is stepping up monitoring of AI accelerators sold in Southeast Asia, a strategic step to curtail semiconductor smuggling after criticism it hasn’t done enough to stop shipments from illegally reaching Chinese companies.
What Democrats Can Do Now to Lower Costs
Democrats have a chance to rewrite the rules of the economy. Here’s how.
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