Alibaba becomes China’s new AI darling with $87 billion rally

China's AI frenzy marks a surprise reversal of fortunes for Alibaba.

yesterday 10

Bloomberg

China marriages fall to record low as demographic crisis deepens

The tally for last year marks the fewest marriages since public records began in 1986 and is less than half the peak reached in 2013.

10.02.2025 30

Bloomberg

Dongfeng jumps on bets consolidation will sweep China car market

Shares of the company surged 86% in early trading as investors speculate the move could kick start a wave of consolidation in China's...

10.02.2025 10

Bloomberg

New pain drug, Vertex’s Journavx, gets FDA approval as safer alternative to addictive opioids

Each year, about 125 million opioid prescriptions are written for Americans with pain caused by broken bones, burns, surgeries, and other injuries and...

31.01.2025 20

Bloomberg

Starbucks bets on mugs, macchiato art in test of CEO’s vision

Baristas will top macchiatos with a caramel crosshatch pattern made up exactly of seven vertical lines and seven horizontal lines, finished with a...

28.01.2025 10

Bloomberg

Japan tech selloff extends as DeepSeek pressures AI Stocks

Shares of semiconductor-related firms like those that supply materials to companies like Nvidia have extended Monday's decline.

28.01.2025 10

Bloomberg

Merck’s $8 billion cancer vaccine faces first U.S. jury trial

Jurors will weigh whether Merck withheld side-effect reports from drug regulators and launched misleading marketing campaigns to turn the drug into a...

28.01.2025 10

Bloomberg

What is China’s DeepSeek and why is it freaking out the AI world?

DeepSeek has already put global tech stocks on track for $1 trillion wipeout.

27.01.2025 2

Bloomberg

China’s economy loses momentum ahead of major new year holiday

Factory activity unexpectedly slowed ahead of the Lunar New Year holiday and the services sector also cooled.

27.01.2025 20

Bloomberg

Texas asks Wall Street firms for details about DEI efforts

The letter was sent to Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and BlackRock Inc.

25.01.2025 20

Bloomberg

Chinese tourists avoid far-flung trips over lunar holiday

"We’re not going to see the heyday of Chinese coming in, going into big luxury shops and buying loads of handbags.”

24.01.2025 40

Bloomberg

TikTok drama helps power up some China consumer stocks

Shares of a Chinese digital marketing firm and a pet food company jumped after more than 2 million users flooded Xiaohongshu or RedNote.

21.01.2025 10

Bloomberg

Trump tells inauguration eve rally ‘American decline’ to end

“Once and for all, we’re going to end the reign of a failed and corrupt political establishment in Washington.”

20.01.2025 8

Bloomberg

‘Home Alone’ house sells above asking price at $5.5 million

“My clients are fully aware of the home’s iconic status and the joy it brings to so many people, especially during the holidays."

19.01.2025 10

Bloomberg

US TikTok users lose access to app ahead of Sunday deadline

“A law banning TikTok has been enacted in the U.S.,” according to an in-app pop-up message. “Unfortunately, that means you can’t use TikTok for now.”

19.01.2025 4

Bloomberg

Perplexity said to submit bid to merge with TikTok’s US unit

TikTok’s China-based parent company is required to find a buyer for its US operations or face a shutdown on Sunday under the law.

19.01.2025 4

Bloomberg

Larry Fink said rebuilding Los Angeles could take up to a decade

BlackRock CEO Larry Fink said, "When you have whole neighborhoods destroyed...this is not a one-year fix."

18.01.2025 5

Bloomberg

Trump administration plans mass arrests of undocumented immigrants next week, incoming ‘border czar’ says

"There's going to be a big raid across the country. Chicago is just one of many places," Tom Homan said.

18.01.2025 5

Bloomberg

Bank of America staff to share about $1 billion of stock awards

The incentive, which comes on top of regular compensation, will go to workers who earn as much as $500,000 in total annual pay.

18.01.2025 5

Bloomberg

JPMorgan, Goldman, Citi rake in record hauls as Biden’s era ends

The four giant lenders that reported full-year results notched their second-most profitable year ever in 2024, trailing only Biden’s first year in...

16.01.2025 10

Bloomberg

Real estate vultures eye middle-class enclave of ravaged LA

The fires could push residents grappling with an existing affordability crisis to the brink, making the Los Angeles area accessible only to the rich.

16.01.2025 10

Bloomberg

LA rental hits $40,000 a month as fires roil housing market

“What’s going on in the real estate market is disgusting.”

16.01.2025 6

Bloomberg

Meta to cut roughly 5% of staff, targeting lowest performers

The move comes just after Mark Zuckerberg announced Meta would eliminate fact-checking.

15.01.2025 8

Bloomberg

Trump’s $13 billion man in Dubai draws skeptics over big U.S. push

Many were taken aback when Dubai tycoon Hussain Sajwani stood beside Donald Trump to pledge a $20 billion investment in U.S. data centers.

14.01.2025 5

Bloomberg

China discusses sale of TikTok US to Musk as one possible option

Under one scenario, Musk’s X—the former Twitter—would take control of TikTok US and run the businesses together, according to people familiar...

14.01.2025 10

Bloomberg

Canada has counter-tariffs ready if Trump launches trade war, Trudeau says

Canada buys more US-made goods than any other country, according to US Commerce Department export data.

14.01.2025 7

Bloomberg

Trump team studies gradual tariff hikes under emergency powers

One idea involves a schedule of graduated tariffs increasing by about 2% to 5% a month.

14.01.2025 6

Bloomberg

Wall Street job losses may top 200,000 as AI replaces roles

Chief information and technology officers indicated that they expect 3% of their workforce to be cut.

14.01.2025 10

Bloomberg

Tesla beats Audi in global car sales for the first time

Audi sold 1.67 million vehicles in 2024, compared to Tesla's 1.79 million.

14.01.2025 7

Bloomberg

Zuckerberg says most companies need more ‘masculine energy’

Zuckerberg, who launched his career by rating the attractiveness of women at Harvard University, lamented the rise of “culturally neutered” companies.

13.01.2025 7

Bloomberg

Europe’s largest pension fund sold Tesla stake over Musk’s pay

Last month, Musk’s record-setting Tesla pay package was struck down once again by a Delaware judge even after shareholders backed it.

13.01.2025 20

Bloomberg

Bessent to sell hedge fund stake if confirmed to lead Treasury

The hedge fund manager disclosed assets worth at least $521 million in his personal financial disclosure.

12.01.2025 10

Bloomberg

Apple CEO pay rises 18%; company opposes anti-diversity measure

Cook’s pay was made up of a $3 million base salary, $58.1 million in stock awards, and roughly $13.5 million in additional compensation.

11.01.2025 10

Bloomberg

Fire agencies to probe possible Edison link to LA Hurst fire

A downed conductor was discovered at a tower associated with the Eagle Rock Sylmar 220 kV circuit, the company said in a regulator filing Friday.

11.01.2025 10

Bloomberg

Musk says Neuralink implanted third patient with brain device

The company currently has two US studies for its devices registered with the Food and Drug Administration.

11.01.2025 8

Bloomberg

BlackRock leaves major climate group amid Wall Street exodus

BlackRock, which oversees more than $11 trillion, has been the subject of attacks from GOP lawmakers for embracing what conservatives call “woke”...

11.01.2025 3

Bloomberg

California bans insurance cancellation in LA fire-affected areas

Insurers are set to face a bill that could top $20 billion.

11.01.2025 10

Bloomberg

JPMorgan tells staff to return to the office five days a week

“We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision."

10.01.2025 2

Bloomberg

FTC’s Khan urges agency to ‘stay aggressive’ after she goes

A progressive icon, Khan became the youngest person ever to chair the FTC at age 32 after an article she wrote about how to rein in Amazon.

10.01.2025 7

Bloomberg

Exxon predicts $700 million hit to profit from lower oil prices

The company faces “significant headwinds” at its refining division.

09.01.2025 4

Bloomberg

GSK, Pfizer RSV shots must warn about rare paralysis risk

An analysis found nine excess cases of Guillain-Barré for every million doses given.

09.01.2025 20

Bloomberg

Musk-Trump relationship good for all carmakers, Hyundai CEO says

“I don’t see that as a concern, honestly."

08.01.2025 8

Bloomberg

CEO of Panera parent company departs after less than 2 years

He was appointed in May 2023 as Panera prepared for an initial public offering. That offering hasn’t materialized.

08.01.2025 10

Bloomberg

Toyota takes aim at SpaceX with investment in rocket startup

As the US launches more than 100 rockets every year, and China several dozen, Japan’s successful space voyages are still in the single digits.

07.01.2025 4

Bloomberg

Trump says he’d use ‘economic force’ to make Canada 51st state

Trump said the US doesn’t need “anything” that Canada produces.

07.01.2025 3

Bloomberg

Meta’s Zuckerberg adds UFC’s Dana White, two others to board

Zuckerberg has largely remade Meta’s board in the past five years, coinciding with his pivot toward artificial intelligence and the metaverse.

07.01.2025 10

Bloomberg

Berkshire-owned lender sued by CFPB over ‘unaffordable’ loans

Vanderbilt Mortgage & Finance Inc. is accused of knowingly issuing “unaffordable” home mortgages.

06.01.2025 3

Bloomberg

Germany’s EV sales crash as buyers abandon electric cars in droves

Tesla's market share also dropped to 1.3 percent from 2.2 percent, as the US electric vehicle maker shifted only 38,000 units in Germany.

06.01.2025 6

Bloomberg

Elon Musk’s PAC helped Republicans get a majority in Congress

A political action committee controlled by the world’s richest man spent $19.2 million in the final six weeks of the 2024 election to back...

06.01.2025 4

Bloomberg

Trudeau resigns after nine years in power as Liberals force him out

He will remain as prime minister until a new leader is selected, and parliament has been suspended until March 24 while that process is underway.

06.01.2025 20

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Alibaba becomes China’s new AI darling with $87 billion rally

Bloomberg

China marriages fall to record low as demographic crisis deepens

Bloomberg

Dongfeng jumps on bets consolidation will sweep China car market

Bloomberg

New pain drug, Vertex’s Journavx, gets FDA approval as safer alternative to addictive opioids

Bloomberg

Starbucks bets on mugs, macchiato art in test of CEO’s vision

Bloomberg

Japan tech selloff extends as DeepSeek pressures AI Stocks

Bloomberg

Merck’s $8 billion cancer vaccine faces first U.S. jury trial

Bloomberg

What is China’s DeepSeek and why is it freaking out the AI world?

Bloomberg

China’s economy loses momentum ahead of major new year holiday

Bloomberg

Texas asks Wall Street firms for details about DEI efforts

Bloomberg

Chinese tourists avoid far-flung trips over lunar holiday

Bloomberg

TikTok drama helps power up some China consumer stocks

Bloomberg

Trump tells inauguration eve rally ‘American decline’ to end

Bloomberg

‘Home Alone’ house sells above asking price at $5.5 million

Bloomberg

US TikTok users lose access to app ahead of Sunday deadline

Bloomberg

Perplexity said to submit bid to merge with TikTok’s US unit

Bloomberg

Larry Fink said rebuilding Los Angeles could take up to a decade

Bloomberg

Trump administration plans mass arrests of undocumented immigrants next week, incoming ‘border czar’ says

Bloomberg

Bank of America staff to share about $1 billion of stock awards

Bloomberg

JPMorgan, Goldman, Citi rake in record hauls as Biden’s era ends

Bloomberg

Real estate vultures eye middle-class enclave of ravaged LA

Bloomberg

LA rental hits $40,000 a month as fires roil housing market

Bloomberg

Meta to cut roughly 5% of staff, targeting lowest performers

Bloomberg

Trump’s $13 billion man in Dubai draws skeptics over big U.S. push

Bloomberg

China discusses sale of TikTok US to Musk as one possible option

Bloomberg

Canada has counter-tariffs ready if Trump launches trade war, Trudeau says

Bloomberg

Trump team studies gradual tariff hikes under emergency powers

Bloomberg

Wall Street job losses may top 200,000 as AI replaces roles

Bloomberg

Tesla beats Audi in global car sales for the first time

Bloomberg

Zuckerberg says most companies need more ‘masculine energy’

Bloomberg

Europe’s largest pension fund sold Tesla stake over Musk’s pay

Bloomberg

Bessent to sell hedge fund stake if confirmed to lead Treasury

Bloomberg

Apple CEO pay rises 18%; company opposes anti-diversity measure

Bloomberg

Fire agencies to probe possible Edison link to LA Hurst fire

Bloomberg

Musk says Neuralink implanted third patient with brain device

Bloomberg

BlackRock leaves major climate group amid Wall Street exodus

Bloomberg

California bans insurance cancellation in LA fire-affected areas

Bloomberg

JPMorgan tells staff to return to the office five days a week

Bloomberg

FTC’s Khan urges agency to ‘stay aggressive’ after she goes