Bridgewater Associates Founder Ray Dalio warns that the US is approaching the limits of its debt cycle, predicting a potential crisis within three years as spending outpaces revenue. He cautions that rising borrowing costs and weakening demand from key foreign buyers may squeeze lower-income borrowers first. (Source: Bloomberg)
Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter. (Source: Bloomberg)
Copper swung between gains and losses in subdued trading on Tuesday, with gains in global equities and a weaker dollar offering support as investors awaited the reopening of Chinese markets following a weeklong holiday.
Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.
A Citigroup Inc. strategist sees Japanese government bond yields nearing their peaks and expects financial institutions to step up investments once the fiscal policy outlook becomes clearer.
Philippine inflation gained pace again and exceeded economists’ estimates in September as food and fuel prices surged, backing the case for the central bank to further raise its policy rate.
New World Development Co., the stressed Hong Kong developer that’s become a symbol of the city’s efforts to move past its property slump, is seeking to buy more time to pay off creditors with a new bond exchange offer.
Scandal-tainted Nidec Corp., which grew from a startup into the world’s largest manufacturer of precision motors, has fallen to the bottom rank of the yen debt market by one measure, leaving its new president with a challenge to restore investor confidence.
Bloomberg's Sakura Murakami breaks down Japanese Prime Minister Sanae Takaichi's address to parliament outlining a temporary tax relief on food combined with targeted measures to maintain market discipline. (Source: Bloomberg)
Higher global bond yields will put pressure on the Australian budget as debt refinancing costs rise, according to Australian Treasurer Jim Chalmers. (Source: Bloomberg)
Gold edged higher, reversing early losses as falling oil prices and a rebound in bond markets helped to ease worries about inflation and the trajectory for interest rates.
Australia’s consumer confidence declined further in October, driven by the Reserve Bank’s interest-rate increase and ongoing pressure from fuel prices, with households reporting growing unease over the jobs outlook.
Wall Street traders drove stocks to all-time highs on growing bets that Corporate America will be able to weather the threats from still-elevated energy costs and interest rates.
Malaysia’s consumer and construction stocks may emerge as beneficiaries of next year’s spending plan as Prime Minister Anwar Ibrahim seeks to ease living costs while maintaining fiscal prudence.
Asian stocks were set to open higher after a tech-led rally pushed the S&P 500 index near a record as investors largely shrugged off concerns about bond yields at multi-decade highs. US oil prices extended declines.
The growing demand for capital to fund artificial intelligence investment is filtering into a little-watched corner of the asset-backed securities market: bonds secured by equipment loans and leases.
Even at the time, it was considered an unconventional alliance: Mark Walter committing $160 million through his education-focused nonprofit to help a Chicago credit investment firm comply with Dodd-Frank regulations in return for funding.
Babylist CEO Jennifer Hyman discusses the company’s new 20,000-square-foot showroom in Manhattan’s SoHo neighborhood, which opened at the end of September and is its largest retail location yet. Hyman says the space is designed to help expecting and new parents research major purchases with expert guidance: visitors can learn about products, try baby carriers and get help installing car seats. She speaks with Scarlet Fu on "The Close." (Source: Bloomberg)
