SAFE HAVEN RALLY TIME

 

Glittering Rally

4,036.30XAU

51.45+1.29%

Gold Tops $4,000 for First Time Fueled by U.S. Shutdown

1:51

Dalio Echoes Griffin in Seeing Gold as Safer Than the U.S. Dollar

Markets Wrap

Stock Rally Pauses, Gold Busts Through $4,000 Mark

Explainer

How to Invest in Gold

Bloomberg

The Big Take

OpenAI, Nvidia Fuel $1 Trillion AI Market With Web of Circular Deals

SoftBank to Buy ABB’s Robotics Arm in $5.4 Billion Deal

Exclusive

xAI to Raise $20 Billion After Nvidia and Others Boost Round

Samuel Corum/Bloomberg

 

 

 

 

 

 

Fed’s Balance Sheet Runoff in Focus as Bank Reserves Are Ebbing

US Consumer Borrowing Rises at Slowest Pace in Six Months

Al Drago/Bloomberg

 

 

 

 

 

 

 

 

 

U.S. Shutdown Creates Air Traffic Delays in Chicago, Dallas

Trump Threatens No Back Pay for Shutdown’s Furloughed Workers

Bloomberg Opinion

Tether Might Be Your Plumber’s Preferred Payment Soon

By Paul J. Davies, Columnist 

 

 

 

 

 

Dig, Baby, Dig Won't Solve AI's Power Shortage

By John Authers, Columnist

Musk’s Cheap Teslas Are the Wrong Kind of Cheap

By Liam Denning, Columnist

Hubris at the Top Could Start a Major War

By Andreas Kluth, Columnist

Thomas Tang/Eurasia Sport Images/Getty Images

 

 

 

 

 

 

Ronaldo Becomes First Football Billionaire With Big Saudi Contract

The Portuguese national is in the twilight of his playing career but his contract at Saudi Arabia’s Al-Nassr has propelled him into a select group of the very wealthiest athletes

Dhiraj Singh/Bloomberg

 

 

 

 

 

 

 

 

 

Tesla Unveils Under-$40,000 Versions of Its Top-Selling EVs

The starting price is roughly 11% cheaper than the base Model Y prior to this addition to Tesla’s lineup.

Justin Sullivan/Getty Images

J&J Must Pay Record $966 Million in Talc Baby Powder Cancer Case

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The Baby Powder Controversy

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10 min

Teck Cuts Copper Output at Mine That’s Key To Anglo Deal

13 min

India Refiners May Buy More Russian Oil as Discounts Deepen

14 min

Thailand Unexpectedly Holds Rate Under New Chief; Baht Gains

25 min

UK Borrowing Reduced by £2 Billion After Tax Error Uncovered

28 min

Yen Watchers Consider Where Next Line Will Be Drawn on Weakening

35 min

Chinese Optics Firm Innolight Is Said to Weigh Hong Kong Listing

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Oracle Shares Take a Hit on Profit Margins Report

Newsletter: Watch Club

Inside the Classic Newport Car Show Beloved by New England's Preppy Elite

Newsletter: Washington Edition

Greene Opens Small Crack in GOP Unity on Shutdown Deal

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Big Take Asia: Sanae Takaichi Makes History in Japan

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Big Take: Debt Collectors Cash In On Dormant Mortgages

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Odd Lots: James van Geelen on the Next AI Buildout

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Listen to the latest: Gold Lifts Commodities, Football's First Billionaire, More

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• Private Credit

  • UBS Shelves Risk Transfer Deal Tied to $2.5 Billion of Loans

    
  • Sixth Street’s Easterly Calls Out Peers’ Retail Marketing Push

    
  • SEC’s Atkins Says Ballooning Private Markets Not a Systemic Risk

    
  • CVC in Talks With Private Credit Funds to Refinance WebPros Debt

    
  • Data Center Boom Brings Risks of Overbuilding, Ares’ Says

    
• Trade

  • India Refiners May Buy More Russian Oil as Discounts Deepen

    
  • Starmer Pushes for Quick Implementation of UK-India Trade Pact

    
  • Trump’s Global Trade Chaos Creates an Opportunity for African Farmers

    
  • Starmer Resists Demands for More Visas for High-Skilled Indians

    
  • Mexico Risks a New Tariff Blow on $15 Billion of Truck Exports

    
• Investment Banks

  • UBS BB Hires Equity Sales Executive to Boost Brokerage Activity

    
  • Societe Generale Hires Petcu for Health-Care Investment Banking

    
  • Citi Names Nordic Investment Banking Co-Heads in Expansion Push

    
  • Inside JPMorgan’s Investment Bank, Nuclear Hype Raises Concerns

    
  • European Banks’ Growing Risk-Taking to Pay Off With Revenue Lift

    
• Deals

  • Chinese Optics Firm Innolight Is Said to Weigh Hong Kong Listing

    
  • Temasek-Backed Foundation Healthcare Is Said to Mull Singapore IPO

    
  • Verisure Raises €3.2 Billion in Sweden’s Top IPO Since 2000

    
  • SoftBank to Buy ABB’s Robotics Arm in $5.4 Billion Deal

    
  • EQT-Backed Credila Financial Is Said to Reassess IPO Plans on US Visa Rules

    
• Inflation

  • Hungary’s Inflation Stays Above Target as Orban Urges Rate Cuts

    
  • Sweden’s Slower Core Inflation Bolsters Case for Steady Key Rate

    
  • Australia’s Central Bank Swings to Profit, Again Skips Paying Dividend to Government

    
  • China’s Big Stock Boom Does Little to Boost Holiday Spending

    
  • Opinion

    Reform UK Is Driving the Tory Party Out of Business

    
• AI

  • AI Fintech Optasia Targets Biggest South Africa IPO in 2025

    
  • Anthropic Opening Its First India Office to Tap AI Talent

    
  • xAI to Raise $20 Billion After Nvidia and Others Boost Round

    
  • Gold Nears $4,000 as AI Jitters, US Shutdown Drive Haven Demand

    
  • Stock Rally Pauses, Gold Busts Through $4,000 Mark: Markets Wrap

    
• Crypto

  • Opinion

    Tether Might Be Your Plumber’s Preferred Payment Soon

    
  • Trump Memecoin Issuer Zanker Is Planning Digital Asset Treasury Company

    
  • Stablecoin Adoption Poised to Drive Dollar Buying, JPMorgan Says

    
  • Winklevoss’ Gemini Gets Lukewarm Street Reaction After IPO Slump

    
  • BOE Plans Carveouts on Stablecoin Cap After Industry Backlash

    
• Monetary Policy

  • Yen Watchers Consider Where Next Line Will Be Drawn on Weakening

    
  • Thailand Unexpectedly Holds Rate Under New Chief; Baht Gains

    
  • ECB’s Rehn Warns of Downside Risks to Inflation Outlook

    
  • Bloated Budgets Curb Scope for Rate Cuts in Poland and Romania

    
  • Copper Declines as Fed Officials Urge Caution on Rate Cuts

    

Bloomberg Businessweek

Philip Cheung for Bloomberg Businessweek

The Political Transformation of California’s Billionaire Mall King

Rick Caruso, the mogul behind Los Angeles’ shopping meccas, lost the mayor’s race in 2022. Rebuilding after the wildfires has suddenly put him in the running for governor.

By John Gittelsohn and Patrick Clark