Bloomberg Daybreak

Gold recovered some losses from Monday’s rout as traders looked for clues on whether the Federal Reserve will continue tightening policy to rein in inflation.

Activist investor Flashlight Capital Partners urged Japan’s Secom Co. to roughly double its interest in South Korea’s S-1 Corp. and Taiwan Secom Co., roping in a new party after its earlier bid to acquire an S-1 stake was rejected.

Samsung Electronics Co. and five affiliates are investing a combined $1 billion in a US company led by a former Amazon Web Services Inc. chief, deepening the South Korean group’s push into the rapidly expanding AI infrastructure market.

A strategy popularized by AQR Capital Management, the world’s largest hedge fund, to help wealthy people slash their taxes on ordinary income is facing the most concrete sign yet that US authorities are preparing to clamp down.

Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account, the Common Wealth think tank said.

RoboTechnik Intelligent Technology Co. shares fell on their trading debut in Hong Kong in one of the city’s busiest days for new listings.

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)

Stocks joined bonds lower as a drop in oil prices did little to allay Wall Street’s concerns that still-elevated energy costs could fuel inflation and spur Federal Reserve rate hikes.

Oil fell as top exporter Saudi Arabia boosted flows through a key pipeline, overshadowing concerns over a US-Iran stalemate.

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.