Japan’s Households Boost Spending Despite Inflation Hit
A shopping street in Tokyo. Photographer: Toru Hanai/Bloomberg (Bloomberg) — Japan’s household spending rose for a fifth month,…
Jensen Huang’s Nvidia Drops Up To $1B On Poolside — This Ex-GitHub Exec’s AI Powerhouse Just Quadrupled Its Worth Overnight
Nvidia (NASDAQ:NVDA) is preparing to write a check for up to $1 billion to Poolside, an AI startup…
‘Jenga Tower’ US Economy Teeters as Middle Class Pulls Back Spending
While the cost of living isn’t going up nearly as fast as it did in 2022, consumer prices…
Satellite Hunt for Superpollutant Wins $100 Million New Funding
Riley Duren, chief executive officer of Carbon Mapper, during the Bloomberg Green At COP30 event in Sao Paulo,…
China Services Gauge Extends Growth Streak Even as Economy Slows
Pedestrians cross a road in the Bund in Shanghai. Photographer: Qilai Shen/Bloomberg (Bloomberg) — China’s services activity expanded…
Wall Street CEOs Flag High Market Valuations, Pullback Risk
Buildings along Wall Street in New York, US. (Bloomberg) — Wall Street chief executives said investors should brace…
China Seeks to Buy US Wheat for First Time in a Year After Truce
US wheat. Photographer: Nick Oxford/Bloomberg (Bloomberg) — Wheat futures in Chicago jumped as China seeks its first US…
Xi Quips About Backdoors During Xiaomi Phone Gift to Korea’s Lee
(Bloomberg) — Chinese President Xi Jinping joked about security backdoors while presenting a pair of Xiaomi Corp. smartphones…
New Version of Siri to ‘Lean’ on Google Gemini
In his “Power On” newsletter, Bloomberg’s Mark Gurman today provided an update on the status of Apple Intelligence…
Fiserv’s Lone Bear Sounded Alarm Long Before Stock’s Plunge
Dominic Ball (Bloomberg) — The lone analyst with a sell rating on Fiserv Inc. ahead of the company’s…
China’s Factory Slump Sparks New Stimulus Calls Despite US Truce
(Bloomberg) — China’s factory activity slumped for the longest streak in more than nine years, prompting fresh calls…
China Soy Deal Lifts US Farmers But Spotlights Trade Limitations
Scott Bessent (Bloomberg) — China’s commitment to buy at least 87 million tons of US soybeans through the…