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The first word in business news. Our newsletters: http://bloom.bg/newsletters Our podcasts: http://bloom.bg/podcasts The Big Take podcast: http://trib.al/jtoXfuT ( feed imported by https://press.coop )

Abramowitz on Georgia Indictment, Voter Sentiment in 2024

Emory University Professor Alan Abramowitz discusses Former President Donald Trump being indicted in Georgia along with 18 of his close allies, and gives his remarks on what it may mean if this indictment moves to a Federal court. He also talks about what voter sentiment in Georgia could potentially... #press

https://www.bloomberg.com/news/videos/2023-08-15/abramowitz-on-ga-indictment-voter-sentiment-in-2024-video?utm_source=press.coop

No End in Sight: The Bloomberg Open, Asia Edition

Good morning. Stocks fall as the Fed’s inflation fight goes one. China scoops up Iranian oil. And global wealth drops. #press

https://www.bloomberg.com/news/newsletters/2023-08-15/no-end-in-sight-the-bloomberg-open-asia-edition?utm_source=press.coop

China’s Top Brands Turn Cautious Over Economic Recovery

From beauty products to beverage makers, some of China’s top brands are turning cautious on the world’s second-biggest economy as a growing list of headwinds point to consumers tightening their belts. #press

https://www.bloomberg.com/news/articles/2023-08-15/brands-grow-cautious-over-china-s-economic-recovery-with-divergence-in-spending?utm_source=press.coop

Biden Says He'll Visit Hawaii as Soon as Possible

President Joe Biden said he intends to travel to Hawaii with first lady Jill Biden as soon as possible amid mounting pressure to see firsthand the devastation from wildfires in Maui. Biden says the state will get whatever it needs from the federal government. He speaks in Milwaukee. (Source: Bloomberg) #press

https://www.bloomberg.com/news/videos/2023-08-15/biden-says-he-ll-visit-hawaii-as-soon-as-possible-video?utm_source=press.coop

Furniture Retailer Big Lots Works With Adviser for Operational Help

Furniture retailer Big Lots Stores Inc. is working with AlixPartners LLP for operational help as the company looks to tackle costs amid shrinking revenue, according to people familiar with the situation. #press

https://www.bloomberg.com/news/articles/2023-08-15/furniture-retailer-big-lots-works-with-adviser-as-earnings-drop?utm_source=press.coop

SVB Financial Says It’s Losing $9 Million a Month in FDIC Fight

SVB Financial Group, the bankrupt former parent of Silicon Valley Bank, is losing $9 million a month in interest on deposits that were trapped when federal regulators took over the failed bank, a lawyer said in court Tuesday. #press

https://www.bloomberg.com/news/articles/2023-08-15/svb-financial-says-it-s-losing-9-million-a-month-in-fdic-fight?utm_source=press.coop

Dominican Republic Explosion Leaves 11 Dead and Dozens Hurt

A powerful explosion in the city of San Cristobal in the Dominican Republic has left at least 11 dead, 11 missing and 52 injured, the city’s mayor, Jose Montas, told Listin Diario newspaper Tuesday. #press

https://www.bloomberg.com/news/articles/2023-08-15/dominican-republic-explosion-leaves-eleven-dead-and-dozens-hurt?utm_source=press.coop

Why AI Is Critical to Deep Space Exploration | Episode 2

Astronomers have confirmed that Earth-like planets orbit nearby stars, but they’re too far away for humans to reach. That's where artificially-intelligent robots come in. On this episode of AI IRL, Bloomberg's Nate Lanxon and Jackie Davalos are joined by astrophysicist Neil deGrasse Tyson, who explains... #press

https://www.bloomberg.com/news/videos/2023-04-27/why-ai-is-critical-to-deep-space-exploration-episode-2?utm_source=press.coop

Asda Sales Grow Nearly 10% as Cash-Strapped Shoppers Seek Value on Food

Asda’s sales grew almost 10% as Britain’s third-largest supermarket chain said it was focusing on value for consumers. #press

https://www.bloomberg.com/news/articles/2023-08-15/asda-sales-grow-as-cash-strapped-shoppers-seek-value-on-food?utm_source=press.coop

Steelworkers Union Reiterates Vow to Exclusively Back Cliffs in US Steel Deal

The United Steelworkers are making it clear that the union exclusively supports Cleveland-Cliffs Inc.’s bid to buy United States Steel Corp. #press

https://www.bloomberg.com/news/articles/2023-08-15/steelworkers-reiterate-vow-to-exclusively-back-cliffs-in-us-steel-deal?utm_source=press.coop

Algeria Bans ‘Barbie’ Almost a Month After Movie’s Local Release

ALGIERS, Algeria (AP) — The “Barbie” movie was pulled from theaters in Algeria this week almost one month after its release in the North African country. #press

https://www.bloomberg.com/en/news/thp/2023-08-15/algeria-bans-barbie-almost-a-month-after-movie-s-local-release?utm_source=press.coop

Hedge Funds Start to Join Secret Lenders’ Clubs for Buyout Deals

In the private market where the world’s largest leveraged buyouts are funded, borrowers get to decide who buys their debt. Recently they’ve discovered they can’t be too choosy. #press

https://www.bloomberg.com/news/articles/2023-08-15/hedge-funds-start-to-join-secret-lenders-clubs-for-buyout-deals?utm_source=press.coop