Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission. The Hangzhou-based e-commerce pioneer said in filingsBloomberg Terminal in the US and Hong Kong over the weekend that more than a dozen of its entities are … Read more
Stock Market Today: Dow, S&P Live Updates for February 15 Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for January 10 Bloomberg Source link
Good morning. Oil holds drop amid vague output cut plan by OPEC+, it was a strong month for US stocks and HPS Investment confidentially filed for IPO. Here’s what people are talking about. Oil steadied after tumbling on Thursday following an OPEC+ meeting that promised further output cuts but was hazy on the details. The … Read more
Programming note: Money Stuff will be off tomorrow, back on Monday. One thing that JPMorgan Chase & Co., one of the world’s biggest banks, wants to do is lend money to big corporate and private equity clients. In many ways, JPMorgan seems well suited to doing this: As a giant bank with more than $3 … Read more
Fidelity Investments is seeking clearance that would allow some of its best-known mutual funds to also operate as exchange-traded funds, becoming the largest firm to challenge Vanguard Group’s former monopoly on the concept. The Boston-based firm applied Tuesday for a government waiver that would allow its actively managed mutual funds to also issue a separate … Read more
In this issue of the Bloomberg Crypto newsletter, Michael P. Regan sorts through a load of crypto dirty laundry: Crypto, almost from the beginning, has been a magnet for criticism. And the list of the most common knocks against it is long. Yet rarely have real-world examples of its assorted risks and vulnerabilities piled up … Read more
Companies looking to sell shares publicly for the first time face an extra obstacle now: the rising potential for US government shutdowns. The ouster of Congressman Kevin McCarthy as Speaker of the House has only increased the chances of the government shutting down as early as Nov. 17. Any such closure would leave the US … Read more
Good morning, it’s Amy here in Melbourne. The Reserve Bank of Australia will release its financial stability review today, but first… Today’s must-reads:• US looks to Asia for intelligence • Talks on a mega-sized battery• Cricket World Cup begins The US is looking to Asia to deepen intelligence cooperation as it tries to counter Beijing’s … Read more
