Treasury Yields Climb as Hot Data Fuel Fed Wagers: Markets Wrap
Treasury yields climbed and stocks struggled after solid economic reports reinforced the case for the Federal Reserve to keep interest rates higher for longer.
Bloomberg Top News
FTX Latest: SBF Calendar Showed Meetings With Clinton, Hochul
Nishad Singh, the former director of engineering at FTX, faces cross-examination at the Sam Bankman-Fried trial Tuesday.
Biden Plans to Ask Congress for $100 Billion in Ukraine, Israel Aid
President Joe Biden is considering a supplemental request of approximately $100 billion that would include defense assistance for Israel and Ukraine alongside border security funding and aid to nations in the Indo-Pacific, including Taiwan, according to people familiar with the matter.
AI Startup Wants to Make Sure Chatbots Don’t Tell People How to Vote
The co-founder of Inflection AI is talking with other large startups about defining the role artificial intelligence will play in elections.
Laurentian Bank Slides on Analyst Downgrade Over Credit Risks
Laurentian Bank of Canada’s mounting troubles have put its credit rating at risk, according to the latest analyst to downgrade the Montreal-based lender.
Chesapeake Considers Acquisition of Rival Southwestern Energy
Chesapeake Energy Corp. is considering an acquisition of rival natural gas producer Southwestern Energy Co., according to people familiar with the matter.
Pimco Fund Walks Away From 20 Hotels With $240 Million of Debt
A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.
AIÂ Funding Soars to $17.9 Billion While Rest of Tech Slumps
Multibillion-dollar investments in artificial intelligence startups have become almost commonplace in Silicon Valley — with dollars raised for AI companies outpacing funding totals in every other category of tech, and reaching $17.9 billion in the third quarter.
United Air Forecasts Profit Miss on High Fuel Costs, Israeli War
United Airlines Holdings Inc. is projecting a fourth-quarter profit that falls short of analysts’ estimates as the carrier faces pressure from a suspension of flights to Tel Aviv and higher jet fuel costs.
Hundreds Killed at Gaza Hospital as Hamas, Israel Trade Blame
Hundreds of Palestinians were killed in an explosion at a Gaza City hospital on Tuesday, according to officials in the Hamas-controlled territory who said it was the result of an Israeli airstrike. Israel’s army said the hospital was hit in a failed missile attack by Palestinian militants.