Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.
On today’s Big Take podcast, Bloomberg’s David Papadopoulos and Michael Regan join host Sarah Holder to discuss whether we’re on the brink of a great portfolio reallocation, two very different reasons why bond yields are rising, and why one prominent AI skeptic is embracing the trade he once shunned. (Source: Bloomberg)
Australia’s mining stocks are poised to extend their rally, analysts say, as surging copper demand for power infrastructure and artificial intelligence gives investors a new reason to buy the sector.
South Korean banks and insurers are hunting for overseas deals to lift growth, signaling a broader outward turn by an industry that largely stayed home while companies including Samsung Electronics Co. and Hyundai Motor Co. built global businesses.
Michaels Cos., the arts-and-crafts retailer owned by Apollo Global Management Inc., received a credit upgrade on Monday from S&P Global. The ratings firm raised Michaels to B from B-, citing recent sales growth and debt paydowns.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Vanguard Fixed Income Client Portfolio Manager Rebecca Venter says fixed income can compete with equities as yields stay elevated. She speaks on "Bloomberg The Close." (Source: Bloomberg)
Creditors to Optimum Communications Inc. are suing the telecommunications company, demanding it unwinds transfers they claim siphoned away value out of their reach and into the pockets of insiders, including controlling shareholder Patrick Drahi.
Traders are piling into options tied to fixed-income ETFs at a record pace, in a rush to position portfolios with yields on 10-year and 30-year Treasuries at the highest in two decades.
Jim Bianco, a Wall Street veteran and longtime market watcher, is turning bullish on US Treasuries for the first time in six years after benchmark yields surged to two-decade highs, creating an enticing entry point.
Former Disney CEO Bob Chapek says he has not been back to a Disney park since being fired in 2022 and is not emotionally ready to go. Chapek says he's been erased from the company and pushed out. He speaks on Bloomberg Businessweek. (Source: Bloomberg)
The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. (Source: Bloomberg)
A US regulator is set to approve Tennessee Valley Authority’s proposal to build a small nuclear reactor in an important sign of progress for the fission industry.
Billionaire investor Aliko Dangote said a court order directing his company to hold off building a $16 billion oil refinery in the Kenyan coastal town of Lamu won’t derail the project, as the nation’s government unveiled plans for a new port in the area.
John Kerschner, global head of securitized products & portfolio manager at Janus Henderson, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss investors embracing shorter-term corporate debt, European investors craving tech exposure, and CLO ETF markets growing in Europe. (Source: Bloomberg)
Speaker Mike Johnson will travel to 22 states in the run-up to November elections, with campaign stops spanning districts from his home turf of Louisiana to Washington as Republicans seek to keep control of the House.
Burkina Faso opened its first gold refinery on Monday as the West African nation joins a growing number of countries on the continent seeking to capture more value from minerals produced within their borders.
Canadian steelmaker Stelco plans to suspend some operations in Hamilton, Ontario, citing the impact of US tariffs and trade disruptions on the Canadian steel industry.
Russian President Vladimir Putin imposed sweeping new restrictions on what can be accessed and reported about the country’s energy trade, adding a fresh layer of secrecy about activity in one of the world’s top oil-and-gas producing nations.
