Bloomberg News
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Ray-Ban Heir Escalates Fight For Control Of Family Fortune
Del Vecchio is attempting to buy the combined 25% stakes held by his siblings Luca and Paola in Delfin, a transaction that would lift his ownership to 37.5% and make him by far the largest shareholder, potentially ending years of uncertainty surrounding the succession of the family's empire.
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US-Iran Talks Set To Open With Vance Due At Swiss Venue
The two adversaries are engaging after separate clashes in southern Lebanon between Israeli forces and Iran-backed Hezbollah fighters delayed the start of talks.
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A Stock Trader's Guide To Navigating A Rare 'Super El Nino'
El Nino is a weather pattern that occurs with sustained warming of Pacific Ocean surface temperatures. This can lead to patterns of high and low pressure that translate into excessive rains in some parts of the world and drought in others. There's a 63% chance it could evolve into a very strong event — what's informally known as a "Super El Nino"...
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Iranian Crude Loading Resumes At Kharg Island After US Blockade Lifted
Three very large crude carriers, each capable of hauling about 2 million barrels of crude, are moored at the Sea Island terminal to the west of Kharg, according to ship tracking data compiled by Bloomberg.
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Nobel Prize Winner John Jumper Quits Google DeepMind For Anthropic
John Jumper won the chemistry Nobel Prize alongside Deepmind CEO Demis Hassabis for creating an AI model that can predict the structure of proteins called AlphaFold.
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Trump Says Meloni Begged For A Photo. She Says He Made It Up
Trump initiated the exchange by asking an Italian journalist about Meloni.
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Goldman Sachs Lops $500 Off Gold Target On No Fed Cuts This Year
The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than previously expected, analysts Lina Thomas and Daan Struyven said in a note.
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SpaceX Shares End First Week of Trading Up 37% From IPO Price
While shares are seeing selling pressure, the stock is still on track to beat out the average first-week performance of 30 major US tech IPOs from the past 15 years, according to Truist Advisory Services.
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Fed Chair Kevin Warsh Rattles Markets With Inflation Vow They Expect Him to Keep
Warsh used his maiden press conference to hail a "new chapter" for the central bank's relationship with financial markets - one based less on guidance and speeches and more on the data as it comes.
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KPMG Australia Scandal Heats Up With Reckoning in Parliament
More than 30 people, including current and former senior KPMG personnel as well as its customers, lawyers and board members, are set to testify in Canberra for an ethics and professional accountability hearing.
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US Tells ASML It's Concerned China May Have Top Chip Tool
It's unclear what exactly the Trump administration seeks from ASML, which is now trying to prove a negative, nor what type of information from the equipment maker could put the China EUV issue to bed.
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Wall Street Highlights: S&P 500, Nasdaq Rise With Nvidia Leading as Semiconductor Companies Surge
Apple edged higher after CEO Tim Cook told the Wall Street Journal the company plans to raise prices to offset higher memory and storage chips costs.
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Bank Of England Holds Rates In 7-2 Vote As Oil Outlook Improves
The BOE is trying to strike a balance between taming inflation, which at 2.8% is above the bank's 2% target, and supporting growth.
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Onitsuka Tiger Pivots From Asics Stripes to Tap Luxury Market
The sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence in interest for retro aesthetics and Japanese style
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Inside Chaotic US-Iran Talks That Let Trump Claim Victory, But Not Yet Peace
The Iran war had already cost the US tens of billions of dollars, strained munitions stocks and its alliances, sent pump prices soaring and roiled the global energy market.
