The Yorkville financial group was once little known on Wall Street. Now though, it is harder to miss: its affiliates help manage Donald Trump’s Truth Social-branded ETFs, have taken over the MAGA and YALL funds, and recently hired retail-investor favorite Dan Ives to co-build an investment-banking arm.
Banks wrapped up the syndication of roughly $52 billion of debt to fund Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., locking in long-term financing at a hefty cost for the US media giant.
Amy Gower said gold is facing significant near-term pressure from rising long-dated bond yields and a stronger dollar, noting that as a nonyielding asset it becomes less attractive when investors can earn higher returns elsewhere. Even so, she argued that gold remains well supported because the metal is still trading above $4,000 an ounce, suggesting other forces are offsetting those headwinds. Gower pointed to strong physical demand, including central bank buying, active purchases from China and Poland, Chinese gold imports running more than 10 times PBOC reserve additions, and rising gold ETF holdings through September, which she said is unusual during a Fed hiking cycle. She also cited longer-term supports such as concerns about currency debasement, government debt, and fiscal sustainability. (Source: Bloomberg)
Australia’s housing market slump is deepening, with national prices in September retreating to levels last recorded a year ago due to weak demand from buyers.
Pool supplier Leslie’s Inc. filed for bankruptcy on Wednesday, with a plan to cut about 90% of the debt and hand control to creditors, after encountering mounting challenges for its. industry.
Citadel CEO Ken Griffin explains how he hopes his $3 billion gift to Carnegie Mellon University will change Miami. He speaks to Bloomberg's Dani Burger. (Source: Bloomberg)
Vishal Garg, founder and former chief executive officer of online mortgage firm Better Home & Finance Holding Co., has received enough shareholder support to remove five board directors, according to people familiar with the matter.
Hartford Insurance Group Inc. appointed President A. Morris Tooker as its next chief executive officer, ending Christopher Swift’s nearly 13-year run at the helm of the insurer.
The Reserve Bank of India’s net short dollar book rose past $200 billion for the first time, reflecting surging future repayment obligations from a dollar diaspora program to support the rupee.
The personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Long-dated Treasury yields rose to fresh multi-decade highs as resilient US spending bolstered expectations that the US economy can handle higher interest rates.
Germany is considering blocking a bid by Chinese container giant Cosco Shipping Holdings Co. from buying a majority stake in a small Hamburg-based freight company over security concerns.
US private payrolls rose by 90,000 in September, the most in three months, and above economists’ estimates of 75,000. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
A powerful El Niño has left India with its weakest monsoon in more than a decade, threatening crops, draining reservoirs and raising food-price risks in the world’s most populous nation.
India has finalized sweeping new fuel-efficiency rules that will require automakers to cut emissions across their fleets from 2027, while giving them flexibility to use electric vehicles, hybrids and more efficient gasoline-powered cars to get there.
US equity futures waver ahead of PCE inflation data and Micron earnings. Oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to JPMorgan and Goldman Sachs. President Trump endorses independent audits of AI systems through an accord with tech executives. Mads Pedersen of Human Edge Investment Technology joins "Bloomberg Brief" to discuss bond market risks ahead of key economic data. (Source: Bloomberg)
Emerging-market borrowers are stepping up bond sales in Swiss francs, many of them venturing into the market for the first time as they diversify funding and tap demand for yield in a country where the policy rate is zero.
