Bloomberg Tech

China’s Electric Vehicle Bubble Is Starting to Deflate

The cutthroat market formally transitioned from over-crowed to moderately concentrated in the first quarter

China’s Cutthroat EV Market Is Squeezing Out Smaller Players

The cutthroat market formally transitioned from over-crowed to moderately concentrated in the first quarter

Stocks Falter as Investors Mull Economic Threats: Markets Wrap

US stocks wavered while an earlier advance in government bonds moderated as investors weighed whether central banks could navigate ongoing inflation-fighting campaigns while skirting a recession.

Aston Martin, Lucid Surge After Saudi-Backed EV Supply Pact

Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied British carmaker and relative automotive newcomer each backed by Saudi Arabia’s sovereign wealth fund. Shares in both companies jumped.

PacWest Sells Loans to Ares as Private-Credit Firms Circle Banks

PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., the latest example of a bank seeking to improve liquidity by selling assets to private investment firms.

Canada Wildfire Smoke Crossed the Atlantic to Cover Parts of Europe

Smoke from wildfires in Canada has traveled over 2,000 miles across the Atlantic Ocean to cover the skies above parts of western Europe.

IBM Will Buy Software Company Apptio for $4.6 Billion

International Business Machines Corp. will buy software company Apptio for $4.6 billion, marking the seventh acquisition this year as Chief Executive Officer Arvind Krishna pushes the company’s transformation into a hybrid-cloud and artificial intelligence business.