Data show lenders used different tactics, extending terms or repossessing cars quickly, to keep their investors happy. Neither approach is great for customers. Paige Smith and Ann Choi report. (Source: Bloomberg)
Asian bonds looked set to track Treasuries lower as the US-Iran standoff kept oil prices elevated, adding to inflation concerns and bets on further Federal Reserve interest-rate hikes.
Oil rose a second day as uncertainty over progress in US-Iran talks weighed against signs of strong demand and a resumption of flows through a key pipeline from top exporter Saudi Arabia.
Summit Therapeutics Inc. shares rose after it said AstraZeneca Plc would make a $2 billion strategic equity investment in the cancer drugmaker to jointly develop drugs.
Former Walt Disney CEO Bob Chapek says the firm needs a 'growth engine' while speaking during an interview on Bloomberg Businessweek Daily. Chapek also says that Disney employees have been discouraged from keeping in contact with him and that he hasn't heard from CEO Josh D'Amaro since 2022.
Chapek discusses his departure from the media giant, the company's path ahead, and his new book 'Behind the Castle Walls: My Thirty Years at the Happiest Place on Earth' with Bloomberg's Carol Massar and Tim Stenovec. (Source: Bloomberg)
People Pleasing, Procrastination, Perfectionism, and Padding -- the four key barriers that author Fran Hauser says many women have trouble overcoming. She explains how she learned to reclaim her own time during her decades of executive experience in her new book 'Twenty Minutes Is the New Hour: The Ambitious Woman's Guide to Doing Less and Achieving More." (Source: Bloomberg)
Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.
On today’s Big Take podcast, Bloomberg’s David Papadopoulos and Michael Regan join host Sarah Holder to discuss whether we’re on the brink of a great portfolio reallocation, two very different reasons why bond yields are rising, and why one prominent AI skeptic is embracing the trade he once shunned. (Source: Bloomberg)
Australia’s mining stocks are poised to extend their rally, analysts say, as surging copper demand for power infrastructure and artificial intelligence gives investors a new reason to buy the sector.
South Korean banks and insurers are hunting for overseas deals to lift growth, signaling a broader outward turn by an industry that largely stayed home while companies including Samsung Electronics Co. and Hyundai Motor Co. built global businesses.
Michaels Cos., the arts-and-crafts retailer owned by Apollo Global Management Inc., received a credit upgrade on Monday from S&P Global. The ratings firm raised Michaels to B from B-, citing recent sales growth and debt paydowns.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Vanguard Fixed Income Client Portfolio Manager Rebecca Venter says fixed income can compete with equities as yields stay elevated. She speaks on "Bloomberg The Close." (Source: Bloomberg)
Creditors to Optimum Communications Inc. are suing the telecommunications company, demanding it unwinds transfers they claim siphoned away value out of their reach and into the pockets of insiders, including controlling shareholder Patrick Drahi.
Traders are piling into options tied to fixed-income ETFs at a record pace, in a rush to position portfolios with yields on 10-year and 30-year Treasuries at the highest in two decades.
Jim Bianco, a Wall Street veteran and longtime market watcher, is turning bullish on US Treasuries for the first time in six years after benchmark yields surged to two-decade highs, creating an enticing entry point.
Former Disney CEO Bob Chapek says he has not been back to a Disney park since being fired in 2022 and is not emotionally ready to go. Chapek says he's been erased from the company and pushed out. He speaks on Bloomberg Businessweek. (Source: Bloomberg)
The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. (Source: Bloomberg)
A US regulator is set to approve Tennessee Valley Authority’s proposal to build a small nuclear reactor in an important sign of progress for the fission industry.
A Kenyan court ordered construction to be paused on Aliko Dangote’s $16 billion oil refinery in the East African nation, after a group of petitioners filed a case opposing the project.
