Bloomberg News
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China's $3.5 Trillion Stock Rout: Why Low Valuations Aren't Enough To Entice Investors
The rout intensified last week, pushing the onshore benchmark CSI 300 Index into a bear market and a technology sector gauge in Hong Kong toward erasing all its gains since Beijing's sweeping growth support package two years ago.
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Fed Set To Lead G7 Trio In Hawkish Rate Pause: Eco Week Ahead
Three days of decisions starting on Wednesday in Washington are likely to affirm a hawkish stance balanced by a measured pace as policymakers confront inflation risks ranging from surging energy prices to the artificial intelligence boom.
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Trump Casts Early In-Person Ballot After Attacks On Mail Voting
Trump has long amplified false claims of widespread voter fraud in the 2020 election and since his return to the White House last year has taken steps to increase federal control of US elections.
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Kim Jong Un Visits China For Second Trip In Just Over A Year
China said it was willing to expand economic and trade cooperation with North Korea, with senior Chinese official Wang Huning pointing to the opening of the New Yalu River Bridge as an opportunity to boost exchanges between the two countries.
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China Hits Back At US Proposal To Tighten Investment Limits
The Ministry of Commerce said the proposed restrictions run counter to the "important consensus" reached by the two countries' presidents, and would hurt bilateral economic and trade cooperation and US companies' interests.
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50,000 Deaths, Nearly $19 Billion GDP Hit: What Extreme Summer Cost Europe
Across the continent, vital infrastructure suffered. Wildfires destroyed homes, hospitals overheated, transport broke down and cooling systems in fridges and air conditioners failed.
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Apple's iPhone Duo Hits Stores In Face Of Short Supply And High Demand
The iPhone lineup is Apple's largest moneymaker, generating roughly half of the company's revenue. And the Duo is the biggest single design change in the device's nearly two-decade history.
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Trump's Crypto Firm Sued Over Alleged Profits From $2 Billion UAE-Linked Deal
The suit claims Trump violated the Foreign Emoluments Clause, a provision of the US Constitution that bars presidents from taking payments from foreign governments without the approval of Congress
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Wall Street Highlights: S&P 500, Nasdaq Fall As AI Jitters Ease Bets On Fed Hikes
An oil rally also weighed on sentiment amid heightened supply fears.
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'Grand Theft Auto VI' Fuels 22% Jump in Sony PlayStation 5 Sales
Available only on Sony's consoles and Microsoft Corp.'s Xbox devices, GTA 6 is widely expected to sell millions of copies and reset records for the games industry upon its release on Nov. 19.
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Spotify Keeps Adding Users But Misses Slightly On Revenue
During the past quarter, Spotify announced plans to expand its audiobook business. Audiobooks, which the company says drives revenue — especially for super users who pay extra to receive more hours of listening — are coming to new markets, including Spain, Mexico and Norway.
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Indonesia Eyes Panda Bond As It Confronts MSCI Risk
The Southeast Asian nation has secured Chinese regulatory clearance to issue as much as 30 billion yuan of panda bonds from 2026 through 2028, a public filing shows. Its July issuance comprised of three-year notes at 1.9% and five-year notes at 2.19%.
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Birkin Bag Maker's China Problem Deepens As Once-Resilient Luxury Sales Lose Momentum
Hermes' shares dropped as much as 9% in Paris, the biggest decline since July. Their 41% slump so far this year puts them on track for the worst annual performance since the company listed in 1993.
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Tesla-SpaceX Deal Could Add $110 Billion To Elon Musk's Wealth
Elon Musk's original "moonshot" pay package gave him about 304 million options subject to Tesla meeting certain market-cap and operational milestones.
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MSCI Pressed By Investors To Justify Drastic Indonesia Warning
MSCI's warning last week was explicit in that new rules alone won't be enough to turn the tide.
