What’s Next For Spain After PM Pedro Sanchez Threatened to Quit?
bloomberg.com/news/articles/2024-04-26/what-s-next-for-spain-after-pm-pedro-sanchez-threatened-to-quit
'Buy Bitcoin' Sign Shown Behind Janet Yellen Sells for $1 Million at Auction
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Anglo Rejects BHP Takeover Bid as Significantly Undervalued: Get briefed ahead of your morning calls with the latest UK business headlines ...
bloomberg.com/news/newsletters/2024-04-26/anglo-rejects-bhp-takeover-bid-as-significantly-undervalued
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Here's why Harvey Weinstein's New York rape conviction was tossed and what happens next
bloomberg.com/en/news/thp/2024-04-25/here-s-what-s-happening-with-movie-mogul-harvey-weinstein-s-new-york-rape-conviction
Quick Glance: Harvey Weinstein’s 2020 Rape Conviction Overturned
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, disappointing those who celebrated historic gains during the #MeToo era.
- The ruling was based on legal technicalities and did not exonerate Weinstein's behavior, according to #MeToo advocates.
- Weinstein, convicted in Los Angeles for another rape, will face retrial in New York, despite remaining in prison.
- The court criticized the admission of uncharged sexual acts as evidence, deeming it an abuse of judicial discretion.
JPY/USD: Japan's Yen Drops to New 34-Year Low as BOJ Keeps Key Rate Unchanged
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China Warns Blinken ‘Negative Factors’ Building in US Relations: China’s top diplomat Wang Yi warned his American counterpart that problems are mounting between ...
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Quick Glance: China warns US to Choose Cooperation or Confrontation with Antony Blinken
- Blinken expected to demand Beijing cease support for Russia
- Tensions rise over accusations of China aiding Russia in Ukraine
- US accused of hindering Chinese industrial growth through export controls
- US and China seek to stabilize relations before US election campaign
Bird Flu Virus Found in One in Five US Milk Samples, FDA Says: Fragments of the bird flu virus have been found in about one fifth of commercial milk samples ...
bloomberg.com/news/articles/2024-04-26/bird-flu-virus-found-in-one-in-five-us-milk-samples-fda-says
Quick Glance: Key Insights on Bird Flu-Traced Milk Safety
- FDA confirms traces of bird flu in milk, but emphasizes low public risk.
- Although genetic material of the virus was found in milk, tests show no infectious or live form.
- Authorities have not conducted specific studies on bird flu inactivation in cow's milk through pasteurization.
- Experts stress that milk with bird flu traces is safe as long as it is pasteurized and sourced from infected cows.
USC Cancels Main Commencement Ceremony Amid Protests, Arrests: The University of Southern California canceled its main commencement ceremony ...
bloomberg.com/news/articles/2024-04-25/usc-cancels-main-commencement-ceremony-amid-protests-arrests
Quick Glance: Protests at USC Lead to Cancellation of Commencement Ceremony
- The University of Southern California canceled its main commencement ceremony, prompting students at other locations with protests to wonder if their ceremonies will be disrupted next.
- USC's cancellation raised concerns among Columbia students, fearing their commencement could be disrupted. Other universities remain silent on potential adjustments to their ceremonies. Some students fear a domino effect following the protests at Columbia.
- Students who missed high school graduation ceremonies due to the pandemic expressed concerns about their upcoming college commencement. USC announced the cancellation of its main ceremony, while Columbia contemplates potential disruptions to ensure campus community safety.
- Universities like Yale and Michigan are addressing the possibility of protests during commencement activities. Columbia students report a rise in animosity on campus, particularly between Jewish and pro-Palestinian groups.
Bears banking on Caleb Williams after taking the 2022 Heisman winner with No. 1 pick in NFL draft
bloomberg.com/en/news/thp/2024-04-26/nfl-draft-bears-banking-on-caleb-williams-after-taking-the-2022-heisman-winner-with-the-no-1-pick
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Quick Glance: Chiefs Select Xavier Worthy in 2024 NFL Draft
- The Kansas City Chiefs selected Xavier Worthy, the fastest player in the 40-yard dash, in the first round of the 2024 NFL Draft.
- Worthy broke John Ross' 40-yard dash record and was chosen by the Chiefs at No. 28.
- A former track athlete, Worthy translated his speed and explosiveness to the football field, excelling at the University of Texas.
- The Chiefs acquired an explosive wide receiver in Worthy, capable of separating from coverage and serving as a vertical threat. Worthy believes he is now the fastest player in the NFL.
Anglo Rejects BHP Takeover Bid as Significantly Undervalued: Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group ...
bloomberg.com/news/articles/2024-04-26/anglo-rejects-bhp-takeover-proposal-as-significantly-undervalued
Britons Finally Taste Full Brexit as Costly Border Checks Begin: EU food imports to the UK are about to get more expensive and complicated as the British ...
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HSBC’s Private Bank Shuts IAM Business in HK, Singapore: HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong ...
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Vodafone Idea Revival: Indian Government, Investors Save Billionaire Birla Firm: Three is not a crowd in telecom.
bloomberg.com/news/newsletters/2024-04-25/vodafone-idea-revival-indian-government-investors-save-billionaire-birla-firm
Zimbabwe’s new ZiG Currency: How Does It Work and Can It Last?: In the latest effort to devise a credible national currency, Zimbabwe has replaced its dollar ...
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Nomura Profit Jumps on Fixed-Income Trading, Retail Boom: Nomura Holdings Inc.’s earnings climbed as soaring fixed-income trading and resurgent markets in Japan ...
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New Huawei Pura Phone Has Latest Version of Controversial Made-in-China Chip: Huawei Technologies Co.’s latest smartphones carry a version of the advanced ...
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India’s Supreme Court Rejects Plea for Paper Audit of Votes: India’s top court declined to order any changes to the counting of votes in the country’s on-going ...
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Real Estate Billionaire Stephen Ross Bets Big on South Florida: The Related Cos. founder is following the money flowing south by bringing his influence to ...
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- TikTok ban
- Tense ties with Europe
- Military shakeup
Here are some of the key stories from China you may have missed this week: www.bloomberg.com/news/newsletters/2024-04-26/china-s-hands-are-tied-in-fighting-us-over-tiktok
Zuma Dispels Ill-Health Rumors at Party Rally in South Africa: Former South African President Jacob Zuma made his first public appearance in a week as his party ...
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Jessica Roth, former SDNY Federal Prosecutor, reacts to the US Supreme Court hearing Trump immunity arguments on Thursday www.bloomberg.com/news/articles/2024-04-25/supreme-court-wary-of-broad-trump-immunity-but-may-extend-fight
Quick Glance: US Supreme Court discusses Trump's Immunity
- Conservative US Supreme Court justices signal sympathy for the argument that presidents have some immunity against criminal charges for certain actions taken in office.
- Former President Donald Trump appealed after lower courts rejected his request to be shielded from four election-related criminal charges.
- The Supreme Court hearing could distort the presidency without immunity and affect decision-making when bold and fearless action is most needed.
- The Supreme Court's decision on immunity is expected and could lead to Trump's trial occurring before the election.
CVC Capital, Backers Raise €2 Billion in Long-Awaited Listing: CVC Capital Partners and its investors raised €2 billion ($2.15 billion) in an initial public ...
bloomberg.com/news/articles/2024-04-26/cvc-capital-backers-raise-2-billion-in-long-awaited-listing
India Inheritance Tax Dominates Election Debate as Polls Heat Up: India’s election campaigning this week was overtaken by a heated debate around wealth ...
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Best London Nightclubs Suffer From High Property Prices, Soaring Costs: Soaring costs, safety concerns and noise complaints are strangling after-dark economies ...
bloomberg.com/news/features/2024-04-26/best-london-nightclubs-suffer-from-high-property-prices-soaring-costs
ECB Says Consumer Inflation Expectations Edged Lower in March: Inflation expectations of consumers in the euro zone inched down in March, according to the ...
bloomberg.com/news/articles/2024-04-26/ecb-says-consumer-inflation-expectations-edged-lower-in-march
Amazon’s Bezos, Jassy Deleted Chats Amid FTC Antitrust Probe: Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy ...
bloomberg.com/news/articles/2024-04-26/amazon-s-bezos-jassy-deleted-chats-despite-ftc-antitrust-probe
Vietnam’s No. 4 Leader Said to Resign Amid Probes: Vietnam’s National Assembly Chairman Vuong Dinh Hue has submitted his resignation days after his assistant was ...
bloomberg.com/news/articles/2024-04-26/vietnam-s-no-4-leader-said-to-resign-amid-corruption-probe
ANA’s CEO Joins Japan Airlines in Calling for Stronger Yen: ANA Holdings Inc. Chief Executive Officer Koji Shibata said ¥125 to the dollar is an ideal rate for ...
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Putin announces plans to visit China in May: Russian President Vladimir Putin said Thursday he plans to visit China in May, in what could become the first ...
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From an electric Batmobile-esque roadster to a luxury car that goes from 0 to 100km/h in two seconds flat, Stephen Engle looks at how BYD's designs could make ... Show more www.bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
- TikTok ban
- Tense ties with Europe
- Military shakeup
Here are some of the key stories from China you may have missed this week: www.bloomberg.com/news/newsletters/2024-04-26/china-s-hands-are-tied-in-fighting-us-over-tiktok
S&P Cuts Peru Rating as Political Turmoil Weighs on Growth: Peru was downgraded by S&P Global Ratings as political turmoil weighs on investor sentiment ...
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US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
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Chinese Bond Funds Are Limiting Inflows Amid Buying Frenzy: A growing number of fixed-income funds in China is setting limits on investor inflows ...
bloomberg.com/news/articles/2024-04-26/china-funds-step-up-efforts-to-cool-bond-buying-as-yields-slide
EU Could Muster $215 Billion a Year From Savings, Noyer Says: The European Union could move as much as €200 billion ($215 billion) a year into the real economy ...
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Yen Traders See Risk of Intervention at Highest Since Late 2022: Traders are preparing for Japanese authorities to step in and prop up the yen ...
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Signa Agrees Sale of Iconic Venice Hotel to Schoeller Group: Signa Prime Selection AG has agreed to sell three Italian properties, including the five-star Hotel ...
bloomberg.com/news/articles/2024-04-26/signa-agrees-sale-of-iconic-venice-hotel-to-schoeller-group
Kim Jong Un Tests New North Korea Rockets to Strike Seoul, Perhaps Sell to Putin: Leader Kim Jong Un oversaw tests of a new North Korean rocket system that could ...
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Sweden Ramps Up Defense Spending Goal to 2.6%, Past NATO Target: Sweden’s military spending is set to rise to 2.6% relative to the size of its economy by 2030 ...
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Private School Bling Was an Invitation to Tax Raiders: Elite educational institutions have shown fee-paying parents were an easy mark. They can’t be too ...
bloomberg.com/opinion/articles/2024-04-26/private-school-bling-was-an-invitation-to-tax-raiders
Thaksin-Linked TV Station to Cease Operations, Thai PBS Reports: Voice TV, a television station owned by former Prime Minister Thaksin Shinawatra’s family ...
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Fixed Income Luminaries Favor Coupon Clipping as US Yields Rise: Welcome to the Weekly Fix, the newsletter with high yields and low duration risk ...
bloomberg.com/news/newsletters/2024-04-26/fixed-income-luminaries-favor-coupon-clipping-as-us-yields-rise
Japan Tightens Export Controls on More Chip and Quantum Tech: Japan said it plans to expand restrictions on exports of four technologies related to ...
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Chinese Stocks Draw Record $3 Billion Influx by Global Funds: Sentiment has clearly turned for the better toward Chinese equities with overseas investors ...
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French Consumer Confidence Unexpectedly Dropped in April: Chart
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ByteDance said it does not have any plan to sell TikTok, according to a statement on the Chinese-language social media platform the company owns ... Show more www.bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
NatWest (NWG) Beats Estimates on Signs of Growing Customer Confidence: NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits ...
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Oil-Backed Loans: Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil: The loan from an obscure UAE company may tie up most of South Sudan’s oil ...
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Ex-Carlyle Japan Executive Raises $960 Million for First Fund: A former Carlyle Group Inc. executive in Japan has raised ¥150 billion ($960 million) from major ...
bloomberg.com/news/articles/2024-04-26/ex-carlyle-japan-executive-raises-960-million-for-first-fund
SNB’s Jordan Warns New Inflation Shocks Could Hit ‘At Any Time’
bloomberg.com/news/articles/2024-04-26/snb-s-jordan-warns-new-inflation-shocks-could-hit-at-any-time
Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
bloomberg.com/news/articles/2024-04-26/drop-in-boj-s-bond-holdings-gives-market-taste-of-quantitative-tightening
Meituan to Debut in Riyadh as Expansion Beyond China Quickens: Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital ...
bloomberg.com/news/articles/2024-04-26/meituan-to-debut-in-riyadh-as-expansion-beyond-china-quickens
An Ex-CIA Officer Explains How to Spot a Lie in Business: A different kind of due diligence.
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Sliding Yen: The Bloomberg Close, Asia Edition : Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-26/sliding-yen-the-bloomberg-close-asia-edition
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Marcos Deepfake Fans China Tensions With Philippines Linked to ‘Foreign Actor’: A “foreign actor” is likely behind deepfake content that made Philippine ...
bloomberg.com/news/articles/2024-04-26/marcos-deepfake-fanning-china-tensions-linked-to-foreign-actor
BOJ Holds: The Bloomberg Open, Europe Edition: Good morning. The BOJ holds rates, sending the yen weaker. Big Tech saves the day after the close in New York ...
bloomberg.com/news/newsletters/2024-04-26/boj-holds-the-bloomberg-open-europe-edition
David Pecker Says He Spoke to Trump Before Buying Model’s Story: The former National Enquirer publisher, David Pecker, said he spoke to Donald Trump during the ...
bloomberg.com/news/articles/2024-04-25/david-pecker-says-he-spoke-to-trump-before-buying-model-s-story
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
Vietnam Regulator Rejects May Start Date of New Stock System: Vietnam’s market regulator rejected Ho Chi Minh City Stock Exchange’s proposal to start a new ...
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Singapore’s Path to Faster Economic Growth Is Riddled With Risks: Escalating tensions in the Middle East and risk of a delayed easing in global interest rates ...
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Singapore Hedge Fund APS Says Founder to Step Down as CIO: APS Asset Management Pte founder Kok-Hoi Wong is preparing to step down as chief investment officer of ...
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US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
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Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped: Hong Kong home prices rose for the first time in almost a year in March as the ...
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Quick Glance: Effect of Lifting Restrictions on Hong Kong Home Prices
- In March, Hong Kong saw an increase in home prices for the first time in almost a year following the lifting of property restrictions, leading to a revival in sales.
- The price index for private domestic homes rose by 1.06% from the previous month of February, breaking a 10-month declining trend.
- However, analysts express doubts about the sustainability of this growth as developers work to reduce excess inventory amid high borrowing costs impacting demand.
- The anticipation of prolonged higher interest rates is expected to exert further pressure on the market, potentially causing home prices to decline by an additional 5% to 10% this year if the Federal Reserve's rate adjustments fall short of expectations.
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
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EU Weighs Sanctions on Russian LNG Projects, Transshipments: The European Union is discussing with member states proposals to sanction key Russian liquefied ...
bloomberg.com/news/articles/2024-04-25/eu-weighs-sanctions-on-russian-lng-projects-transshipments
JPY/USD: Why the Yen Is So Weak and What That Means for Japan: The yen continues to languish near a 34-year low against the dollar, mainly because interest rates ...
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JPMorgan Promotes Two India Executives to Managing Director Role: JPMorgan Chase & Co. has elevated two key leaders in India to managing director positions.
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HK Stocks Eye Turnaround With Best Week in 12 Years: In Charts: Chinese stocks are having a stunning week with the Hang Seng Index on track for its best week ...
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Biden to Tighten US Gun Sales Export to 36 Countries in Sweeping Regulations: To curb the use of US-made civilian guns in crimes and human rights abuses abroad ...
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Arizona Abortion Law Repeal Shows Need to Win Independents: It’s independents, a growing voting bloc, who drive election victories in the swing state ...
bloomberg.com/news/articles/2024-04-25/arizona-abortion-law-repeal-shows-need-to-win-independents
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
Kotak Bank’s Stumbles Show Pitfalls of India’s Tech Ambitions: Prime Minister Narendra Modi wants to export India’s digital payments system to the world ...
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Sanctioned Tanker Giant’s Passage to India Is Test Case for Oil: A vessel owned by sanctioned Russian tanker giant PJSC Sovcomflot is heading to India ...
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Sunak’s Rwanda Deportation Bill Becomes Law After King’s Sign-off: Home Secretary James Cleverly said the UK’s controversial plan to deport asylum-seekers to ...
bloomberg.com/news/articles/2024-04-25/sunak-s-rwanda-migrant-plan-becomes-law-after-king-s-sign-off
Quick Glance: British Law on Deportation of Asylum Seekers to Rwanda
- The new British deportation law aims to curb illegal migration and secure the reelection of Prime Minister Rishi Sunak.
- However, experts doubt the effectiveness of the law in stopping illegal migration to the UK.
- Rishi Sunak is under significant pressure due to political challenges in the election year, including inflation and healthcare issues.
- The Rwanda law intends to deport migrants without valid papers to Rwanda, although the efficacy of the law is being questioned.
Austin to Announce Up to $6 Billion Arms Commitment to Ukraine: Defense Secretary Lloyd Austin is set to announce on Friday the commitment of as much as $6 ...
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Capital One (COF) Profit Misses Estimates as Soured Credit-Card Loans Increase: Capital One Financial Corp. posted a first-quarter profit that missed Wall Street ...
bloomberg.com/news/articles/2024-04-25/capital-one-profit-misses-estimates-as-loan-write-offs-climb
Pimco Says BOJ May Raise Rates Higher Than Markets Expect: The Bank of Japan may raise interest rates three more times even after last month’s historic hike ...
bloomberg.com/news/articles/2024-04-25/pimco-says-boj-may-raise-rates-higher-than-markets-expect
🎧 The first episode of Voternomics is here
@MyStephanomics, @adwooldridge and @allegrastratton will help listeners make sense of the elections that will ...
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Berlin Kidnapping Accusation Hangs Over Rising Vietnam Communist Official: It was a calm Sunday morning in a park near Berlin’s iconic Victory Column when a ...
bloomberg.com/news/articles/2024-04-25/berlin-kidnapping-accusation-hangs-over-rise-of-vietnam-enforcer
Turkey’s Erdogan Will Meet With Biden at White House in May: Turkish President Recep Tayyip Erdogan will meet with President Joe Biden at the White House on May ...
bloomberg.com/news/articles/2024-04-26/turkey-s-erdogan-will-meet-with-biden-at-white-house-in-may
Stock Market Today: Dow, S&P Live Updates for April 26: Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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India’s Tech Hub Bengaluru Votes During Heatwave and Water Shortages: India’s high tech hub of Bengaluru votes Friday amid searing heat and a prolonged water ...
bloomberg.com/news/articles/2024-04-26/tanker-mafias-dominate-discourse-as-india-s-silicon-valley-votes
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