Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of Kansas City President Jeff Schmid explained their reasons for dissenting against the US central bank's decision to cut interest rates this week in separate statements released on Friday. Michael McKee reports on Bloomberg Television.
Federal Reserve Bank of Philadelphia President Anna Paulson expects inflation to cool next year but warned there is a risk of a further downturn in the labor market. Paulson said Friday in Delaware, "On net, I am still a little more concerned about labor market weakness than about upside risks to inflation."
SoftBank Group Corp. is looking at potential acquisitions including data center operator Switch Inc., as billionaire founder Masayoshi Son seeks to ride an AI-fueled boom in digital infrastructure. Matt Bloxham on Bloomberg Intelligence has more.
Broadcom Inc. slumped after its sales outlook for the AI market failed to meet investors' expectations and unsettling commentary from Chief Executive Officer Hock Tan on a conference call with analysts. Matt Bloxham on Bloomberg Intelligence has more.
Christian Mueller-Glissmann, asset allocation research head at Goldman Sachs, discusses the outlook for the economy and inflation in 2026. He speaks on Bloomberg Television.
Celsius Resources (ASX:CLA) announced its first JORC-compliant ore reserve estimate for the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, operated through its affiliate Makilala Mining.
The maiden reserve defines 130.2 million tonnes of underground ore grading 0.66% copper and 0.21 g/t gold, containing approximately 856,000 tonnes of copper and 891,000 ounces of gold at a 0.84% copper-equivalent grade.
AI-enabled pharmaceutical company Algorae Pharmaceuticals (ASX:1AI) has received the comprehensive in silico synergy predictions generated by its AlgoraeOS v2 platform, covering over 500,000 potential combinations of cannabidiol with more than 3,000 approved and investigational drugs across 170 cell lines.
4DMedical (ASX:4DX) has secured $30.2 million in funding by entering an underwriting agreement with Bell Potter Securities, ensuring the full exercise of its 4DXO listed options.
Under the agreement, any unexercised options at expiry will be subscribed by the underwriter, guaranteeing the total funding amount.
Singapore-based Sembcorp Industries has announced a landmark agreement to acquire Australian energy company Alinta Energy in a transaction valued at $6.5 billion, including debt.
The deal positions Sembcorp at the forefront of Australia's evolving power sector, marking one of the most significant energy takeovers in recent years.
Australia's Treasurer Jim Chalmers has approved Hanwha's bid to lift its shareholding in Australian shipbuilder Austal (ASX:ASB) from 9.9% to 19.9%, concluding an eight-month Foreign Investment Review Board assessment.
Chalmers said the decision followed "long and careful deliberation" and extensive consultation, noting it took into account economic, national security and broader national-interest considerations.
National Australia Bank (ASX:NAB) executives faced intense scrutiny at the company's annual general meeting over their handling of widespread employee underpayments
A former employee told the meeting she had been underpaid and repeatedly raised concerns.
