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The choice for European Central Bank President Christine Lagarde’s successor probably comes down to Dutchman Klaas Knot and Spaniard Pablo Hernandez de Cos.
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From New York to Seoul, investors in the technology are balking at huge costs and worried about other vulnerabilities.
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Source: Bloomberg, 0:00
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The Democrat elected to serve as Texas’s next state comptroller vowed to increase transparency around the hundreds of millions of dollars directed to vendors in the state’s massive public school system.
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It took around 24 hours for Wall Street’s response to the US midterm elections to turn negative. Once it did, it set in motion a chain reaction of selling that moved considerably faster.
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Voters rejected Trump’s form of economic populism. Democrats are embracing three new strains of their own.
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Rick Rieder, BlackRock's global fixed income CIO, says having a balanced and diverse portfolio is the best hedge in the current market environment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
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Nu Holdings Ltd. temporarily suspended cryptocurrency deposits and withdrawals in Brazil because of a problem with an external provider, a week after hackers stole $6.3 billion from Binance Holdings Ltd.
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TikTok owner ByteDance is considering expanding a data center project in northeastern Brazil, a move that would strengthen its standing as Latin America’s leading builder of computing facilities.
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Also: Magic Johnson drama
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Weil Gotshal & Manges has told its remaining equity partners that they will be considered withdrawn by year-end, according to people with knowledge of the matter, signaling they are free to find new jobs and may keep their share of profit…
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At least two more credit trading pods running money for Millennium Management are leaving the hedge fund giant.
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Source: Bloomberg, 38:33
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Goldman Sachs Group’s announcement of new partners Thursday boasted that 28% started as interns and that new members typically took 17 years to get there. But it was silent on how many are women. Todd Gillespie reports on "Bloomberg Open…
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Source: Bloomberg, 0:00
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The selloff in tech stocks could hurt Anthropic. Potential buyers are discussing a valuation range of $1.2 trillion to $1.3 trillion for the company, which could go public before Thanksgiving. Mandeep Singh of Bloomberg Intelligence has…
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President Donald Trump’s chief economic adviser said the administration won’t be revamping its economic policies in the wake of Republicans’ sweeping defeat in the midterm congressional elections.
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University of Michigan Surveys of Consumers Director Joanne Hsu says consumer sentiment remains sharply divided by income and wealth. Speaking on "Bloomberg Open Interest," Hsu cautions that a one-day market drop may have little effect…
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Overwhelmed by online advice and conflicting rules, mothers-to-be are paying for a few days where someone else takes care of the details. Alice Robb explains the rise of luxury prenatal retreats. (Source: Bloomberg)
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Goldman Sachs Group Inc. traders said the violent selloff in US equities has pushed market panic to an extreme level that historically signals a strong rebound over the medium term.
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Source: Bloomberg, 0:00
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