Europe’s Dark, Windless Days Show Risk of Its Renewables Rollout
Europe’s power prices soared to levels last seen during the energy crisis this week. Only it wasn’t a war or other geopolitical events that caused it, but the dark, windless weather that is all too common during winter. #press
US Set to Beat China as Minerva’s Top Beef Importer
The US is set to become the largest export customer of Minerva SA, the leading South American beef supplier, eclipsing China. #press
Google Play App Store Must Lift Restrictions on Rival Marketplaces
Alphabet must lift restrictions preventing developers from setting up rival marketplaces and billing systems that compete with its Google Play Store, a federal judge in San Francisco ruled on Monday. Tom Mackenzie reports on Bloomberg Television. (Source: Bloomberg) #press
Kazakhstan Returns to Dollar Bond Market After Decade Away
Kazakhstan is returning to the dollar-bond market for the first time in almost a decade after a legal dispute that raised the threat of asset seizures was resolved earlier this year. #press
Zimbabwe’s Gold-Backed ZiG Weakens Past 14 Per Dollar to Record Low
Zimbabwe’s bullion-backed currency has slid past 14 per dollar, its weakest level on the official market since it started trading five months ago. #press
US Ups Pressure to Clamp Down on Russian Oil Sanctions Breaches
The US has asked at least one shipping insurer for information on 14 companies it suspects may have violated sanctions on Russian oil, a sign Western governments are still trying to limit the ways Moscow exports its fuels. #press
China Budget Spending Slide Deepens in Worrying Sign for Economy
China’s broad budget expenditure shrank at a faster clip amid an unprecedented drop in income earned by local governments from land sales, an alarming sign for an economy desperately in need of fiscal support. #press
El Salvador Bonds Soar After Bukele Signals Zero Deficit
El Salvador’s sovereign debt jumped Monday after President Nayib Bukele said the 2025 budget wouldn’t involve issuing new debt, signaling his plans for fiscal austerity, a key step in unlocking a long-awaited program with the International Monetary Fund. #press
Markets in 3 Minutes: Global Growth Negativity Is Overdone
Guy Johnson, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg) #press
Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris
Steadily falling gasoline prices are providing a tailwind for US Vice President Kamala Harris’ campaign for the nation’s highest office as Donald Trump seeks to rile inflation-weary consumers by attacking her record on energy. #press
The Rise of Small Language Models to Cut AI Costs
For years, the likes of Google and OpenAI have been racing to build ever bigger and costlier AI models using a tremendous amount of online data - think chatbots like ChatGPT, which can handle a wide range of complex queries. But some startups are now betting on a different strategy: small language models,... #press
Bitcoin Advances as Trump Incident Seen Increasing His Chances
Bitcoin is gaining after the shooting at a Donald Trump rally, leading to speculation the incident will increase his chances of winning the presidential election. #press
Charting the Global Economy: Fed Holds; BOJ Leaves Yen at Risk
Federal Reserve officials penciled in just one interest-rate cut this year and forecast more reductions for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation. #press
Red Bull Strikes UK Football Deal with Leeds United FC Stake
The Austrian company Red Bull GmbH has agreed to take a minority stake in Leeds United FC as part of a deal to become the second tier team’s official kit sponsor. #press
Rite Aid Reassures Creditors it Will Survive Chapter 11
Rite Aid Corp.’s legal team sought to reassure creditors that the bankrupt pharmacy chain will survive Chapter 11, saying the company is still working with banks and a key bondholder group on a rescue deal that has taken longer than expected to finalize. #press
Odd Lots Newsletter: There’s Something Happening With The Three Cs
Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy Alloway bring you their thoughts on the most interesting developments in markets, finance and the economy. #press
The Sober Curious Movement Grows
The booze-free movement is gaining steam as younger consumers rethink their relationship to alcohol. JW Wiseman, founder of Curious Elixirs, an alcohol-free cocktail brand, discusses how the non-alcoholic industry is growing. He speaks on "Bloomberg Markets." (Source: Bloomberg) #press
Hedge Funds' Stampede Threatens a Prized Options Trade
Hedge funds' success with the options strategy known as ``dispersion'' is attracting more and more investors, stirring concern that the trade will get too crowded and fall victim to its own popularity, Bloomberg's Justina Lee tells Sonali Basak on ``Bloomberg Markets.''
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The Inspiration Behind Melba's Restaurant
Restaurateur Melba Wilson opened her restaurant, Melba's, in 2005 and has seen the transformation of the restaurant industry first hand. She joins David Westin on "Wall Street Week" daily. (Source: Bloomberg) #press
ABN Amro Is Latest Bank to Suffer Breach After Hack at Supplier
ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as criminals seek to exploit weaker links adjacent to banking. #press
