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AI Rout Deepens, Rubio Tells NYT He Will Stay, More
Source: Bloomberg, 0:00
GLOBAL NEWS WIRE
2,329 articles · newest reporting from independent and international publishers
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Rep. Subramanyam Says Federal Data Center Plan Is Needed
Rep. Subramanyam (D-VA) says Democrats want to prevent the data-center industry from steamrolling communities by building near homes and schools or making residents bear higher power costs. Rep. Subramanyam supports building data centers…
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Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen
South Korean chip stocks plummeted in pre-market trading, auguring a painful day for the region as fears deepened over how the Democrat sweep of Congress could slow AI infrastructure expansion.
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Japan’s Nominal Wages Rise at Fastest Pace In Almost 30 Years
Japanese workers’ nominal wages rose at the fastest pace in almost three decades, underscoring sustained momentum in pay growth that will keep the Bank of Japan on track to hike interest rates as soon as December.
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Monster Tops Estimates on Growing Global Energy Drink Demand
Monster Beverage Corp.’s third-quarter sales rose more than expected, as the energy drink giant continues to see booming demand for its beverages outside of the US.
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Bloomberg Businessweek Daily Podcast: AI Rout Rattles Markets
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that…
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Bloomberg Businessweek Daily: AI Rout Rattles Markets (Podcast)
Source: Bloomberg, 0:00
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The Debrief: Democrats Map Out Priorities for Next Congress
Bloomberg's Mario Parker joined the show for, The Debrief, to discuss Democrats' post-midterm focus on lowering costs, rooting out corruption and holding the Trump administration accountable. He speaks with Joe Mathieu on Bloomberg’s…
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Japanese Equities Set to Plunge as AI Selloff Continues
Japanese equity futures are pointing to declines following a tech stock rout in the US as investors exited the sector over concerns about the artificial intelligence trade after a Democratic sweep of both chambers of Congress in the US…
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OCBC’s Profit Gains Dented by Drop in Trading, Insurance Income
Oversea-Chinese Banking Corp. posted a small increase in third-quarter profit, with lending gains capped by declines in trading and insurance income.
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Allen Says AI Buildout Already Underway Will Continue
Allen Says AI data-center projects already underway are unlikely to be disrupted by growing political scrutiny and will bring tens of gigawatts of new compute capacity online over the next 18 months. Allen says 2027 and 2028 will see…
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e.l.f. CEO: All of Our Brands Are Growing
e.l.f. Beauty CEO Tarang Amin said the company delivered its 31st consecutive quarter of net-sales growth, with sales up 51% and adjusted EBITDA up 86%. He attributed growth across the portfolio to value, product innovation and marketing…
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AI Washout Rattles Equities, NYT: Rubio Plans to Stay, More
Source: Bloomberg, 0:00
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Market Selloff, Volatility & Post-Midterm Repositioning
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are JPMorgan Head of Technical Strategy Jason Hunter, UBS Alignment Partners…
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Latest Oil Market News and Analysis for Nov. 6
Oil was on track for the biggest weekly loss since April after a volatile stretch of trading, as investors weighed prospects for an end to the months-long war in the Middle East.
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Paraguay President Pledges to Defend Himself Before Congress
Paraguay President Santiago Peña will defend himself in the Senate against a vote to forcibly remove him from office instead of accepting his resignation, a legal distinction that could determine whether he retains immunity from criminal…
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T-Mobile Customers Swap Roaming, Hotspots For Streaming Benefits
T-Mobile US Inc. customers are being given the chance to add free phone plan benefits like Apple TV streaming subscriptions and Xbox Game Pass access, instead of more traditional benefits like international roaming.
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Tiger Global, Whale Rock Battered by AI Fears in Painful October
Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds that were pummeled last month as concerns over AI investments roiled markets.
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Former Turkish Minister Kaya Arrested in Funds Probe, AA Says
Fatma Betul Sayan Kaya, former deputy chairwoman of Turkish President Recep Tayyip Erdogan’s AK Party, was arrested as part of an investigation into alleged manipulation involving investment funds and stocks, according to state-run Anadolu…
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Investors Pick Disney, G Mining at Sohn Conference in Queenstown
Stock pickers pitched a US entertainment conglomerate and a Canadian gold miner at the annual Sohn Conference in Queenstown, New Zealand.
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Sarah Bianchi on Market Reaction To Midterm Elections
Amid a sharp market selloff and a steep drop in semiconductor stocks, Sarah Bianchi discusses concerns that the US midterm election results could lead to tighter constraints on AI infrastructure. She expects delays and says some…
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Stock Movers: Airbnb, IonQ, Axon (Podcast)
Source: Bloomberg, 0:00
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Markets Are Reevaluating AI 'Speed Limit,' Schwab's Sonders Says
Liz Ann Sonders, chief investment strategist at Charles Schwab, says investors are reassessing the financial burden on hyperscalers, including their use of credit and equity financing, and whether returns on investment justify the cost of…
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