Private Equity Returns Overtake Private Credit in Rebalancing
Private equity returns overtook those offered by private credit in the third quarter, according to data from State Street ...
Fire at Major Brazil Grains Terminal Is Brought Under Control
A fire at a major grains rail terminal in Brazil has been brought under control after firefighters battled the blaze for ...
Pending Sales of US Homes Decline for First Time Since July
Pending sales of US homes declined last month for the first time since July, as high borrowing costs and prices especially hit the costliest parts of the country.Most Read from BloombergManhattan’s Mo ...
Musk Exudes Optimism About Tesla Robotaxis After Earnings Miss
Tesla Inc. fleshed out plans to launch a robotaxi business Elon Musk is counting on to help usher in next phase of growth, ...
ECB’s Lagarde Says Bulgaria Convergence Process Is Well Advanced
European Central Bank President Christine Lagarde said Bulgaria is “well advanced” in the process of meeting the criteria for joining the euro.Most Read from BloombergManhattan’s Morning Commute Time ...
Norway’s Ruling Bloc Splits Ahead of Election in September
Norway’s government coalition broke apart as the two ruling partners seek to avoid losing the next parliamentary election due in seven months.Most Read from BloombergManhattan’s Morning Commute Time D ...
IBM Shares Jump on Strong Sales Outlook and AI Bookings
Shares of International Business Machines Corp. surged after the company projected strong revenue growth in the new fiscal ...
Microsoft Cloud Growth Constrained by Data Center Shortage
Microsoft Corp. said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial ...
Wells Fargo Investment Bank Co-CEO Jon Weiss Plans to Leave Firm
Jon Weiss, co-chief executive officer of Wells Fargo & Co.’s corporate and investment bank, plans to depart after almost 20 years at the company.Most Read from BloombergManhattan’s Morning Commute Tim ...
Mobileye full-year sales forecast misses estimates, weighing on shares
Mobileye (NASDAQ:MBLY) has forecast revenue guidance for the 2025 fiscal year that was well below expectations, sending shares sharply lower in premarket U.S. trading on Thursday.
Bloomberg Businessweek: The Fed Decides
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.
Defense Stocks Rise After Germany’s €2.5 Billion Weapons Order
Shares in European defense companies are hitting new records after Germany’s lawmakers approved about €2.5 billion ($2.6 billion) worth of weapons and equipment orders for the armed forces.Most Read f ...