Singapore has decided to hold its monetary policy steady, breaking away from the global trend of easing measures. Officials plan to leverage the strength of the Singapore dollar to address the high living costs affecting residents. This approach aims to manage inflation while maintaining economic stability.
Oil prices edged lower today, but are still on track for a second weekly gain. This comes as tensions rise, with Israel preparing to retaliate against Iran, raising concerns about potential disruptions to crude supplies from the Middle East.
Chinese stocks dropped today, lagging behind other Asian markets as investor caution increases. This comes ahead of a significant briefing this weekend, which is expected to provide more clarity on Beijing's plans for fiscal stimulus.
Michael Morhaime, co-founder and former CEO of Blizzard Entertainment, recently discussed his transition to founding Dreamhaven in an interview with Bloomberg's Jason Schreier at Screentime in LA. Morhaime reflected on his extensive experience at Blizzard and emphasized his desire to prioritize creativity and quality in gaming. Unlike the pressures many companies face for quick profits, Dreamhaven aims to cultivate an environment where innovative game development can thrive. His vision focuses on nurturing artistic expression and producing memorable gaming experiences.
Investors and analysts predict that China will roll out up to 2 trillion yuan, roughly $283 billion, in new fiscal stimulus. This move aims to strengthen the country's economy and enhance confidence as Beijing responds to ongoing economic challenges.
Michael Levy, CEO of Crow Holdings, discussed the impact of Hurricane Milton on real estate investment in Florida during an appearance on “Bloomberg The Close.” He highlighted that the rising cost of insurance is a primary concern. If this trend continues, Levy warns it could lead to a decrease in property values, as developers struggle to obtain insurance for the associated risks.
Triumph Group Inc. is considering a sale as it explores various options, according to sources close to the matter. This move comes amid ongoing activity in the aerospace and defense sector, which has seen a string of mergers and acquisitions recently.
Brian Roberts, Chairman and CEO of Comcast NBCUniversal, shared his vision for the future of media in a discussion with Bloomberg's Lucas Shaw at Bloomberg Screentime in Los Angeles. He emphasized that the company’s diverse assets, from streaming services to traditional media, will provide a competitive edge in an ever-evolving landscape. Roberts highlighted the importance of innovation and adaptability in meeting consumer demands and navigating challenges in the industry.
Boeing Co. is facing a major downgrade that could cut its credit rating to junk status. If this happens, it will become the largest U.S. corporate borrower to lose its investment-grade ratings. This move is expected to flood the high-yield market with a record amount of new debt as Boeing joins junk bond indexes.
The US Securities and Exchange Commission has accused DRW Holdings LLC's cryptocurrency division of operating as an unregistered securities dealer. This involves over $2 billion in digital assets.
