(Bloomberg) — The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Most Read from Bloomberg Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new
(Bloomberg) — The National Labor Relations Board dismissed the most serious allegations against Apple Inc. in a high-profile case involving fired retail store employees, though officials still maintain that the company mistreated workers. Most Read from Bloomberg Last year, the company terminated five workers who helped organize union activity at its store in Kansas City,
(Bloomberg) — The stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve policy. Most Read from Bloomberg Equities wavered and bond yields rose following a report that showed US consumer sentiment declined to a six-month low
(Bloomberg) — Money managers are piling into the European Union’s bonds in anticipation of a major shift in their status that would open up the bloc’s debt to a bigger pool of investors. Most Read from Bloomberg MSCI Inc. this week started a consultation on whether EU debt should be added to its sovereign bond
(Bloomberg) — The stock market headed toward its highest level in a month, adding to a rebound that’s been fueled by speculation the Federal Reserve will cut interest rates this year. Most Read from Bloomberg Equities rose as higher-than-estimated in jobless claims reinforced bets on Fed policy easing, with the market also climbing after a
(Bloomberg) — Verition Fund Management LLC has hired Citigroup Inc.’s Shin Kobayashi as a portfolio manager focused on yen rates trading, as the $9.9 billion multi-strategy hedge fund firm expands in Asia, said people with knowledge of the matter. Most Read from Bloomberg Kobayashi will join a Singapore-based investment pod that includes Patrick Bonifant, a
Warner Bros. Discovery (WBD) will report first quarter earnings before the bell on Thursday as the media giant works to pare its debt amid a declining linear TV business and an unfavorable ad market. Investors will also closely be watching for any updates on NBA media rights after a Wall Street Journal report said the company
(Bloomberg) — Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing. Most Read from Bloomberg A “savage” war for mortgages and new customers has “competed away all the interest rate hikes” that the banks could have kept,
(Bloomberg) — Former Treasury Secretary Steven Mnuchin said a strong dollar is an advantage in helping the US to finance large fiscal deficits for now, but called on the winner of November’s presidential election to lead a new initiative to rein in the federal debt burden. Most Read from Bloomberg “I think it is a
(Bloomberg) — Amazon.com Inc. plans to spend $9 billion expanding its cloud computing infrastructure in Singapore, the latest global tech company to boost investment in Southeast Asia. Most Read from Bloomberg The outlay, to be done over the next four years, doubles Amazon Web Services’ investment in Singapore and helps it meet growing customer demand