Skip to main content

Australia Breaking News

Bloomberg
Financial

Debating Donalds Won't Further Inform Public, Says FL Gov Candidate Jolly

David Jolly, the Democrat candidate for Governor in Florida, said that debating Republican Byron Donalds won't further inform the public and would just platform division and vitriol in the race. Jolly, who served in Congress as a Republican, said that he is honest with voters about the ideological differences between himself and Democrat Senate candidate Angie Nixon and that he is less worried about the rise of socialism in America than he is 'right-wing authoritarianism.'

Read more: Debating Donalds Won't Further Inform Public, Says FL Gov Candidate Jolly
Bloomberg
Financial

Fed's Musalem Signals Rates Should Rise Next Six-to-Nine Months

St. Louis Fed president Alberto Musalem said that interest rates will have to increase over the next six to nine months in order to bring inflation down in a 'timely manner,' but stopped short of endorsing a rate hike at the Fed's October meeting. Musalem, speaking with Bloomberg's Mike McKee at the Future of Fixed Income conference in New York, said that he goes into every meeting without 'prejudging' the outcome.

Read more: Fed's Musalem Signals Rates Should Rise Next Six-to-Nine Months
Bloomberg
Financial

Trump Says US Won't Attack Iran Before Midterm Election

Jen Gavito, a senior advisor at the consultancy firm Cohen Group and a former State Department official, said that it is 'unusual' for a president to signal that he will or will launch an attack, as President Trump posted on Truth Social that the US would not strike Iran again until after the Midterm elections. Gavito said that even if the US decides to attack Iran again, military strikes 'can't be the strategy or the end game in of itself.'

Read more: Trump Says US Won't Attack Iran Before Midterm Election
Bloomberg
Financial

Musalem Signals Fed Rates Should Rise Over Next Six-to-Nine Months

Federal Reserve Bank of St. Louis President Alberto Musalem signals interest rates should increase over the next six-to-nine months to help inflation return to the central bank's 2% target. He speaks during an interview with Bloomberg's Michael McKee at the Future of Fixed Income conference in New York.

Read more: Musalem Signals Fed Rates Should Rise Over Next Six-to-Nine Months
Bloomberg
Financial

Some French IG Bonds Seem Safer Than Sovereign

Bloomberg's Ronan Martin joins Scarlet Fu on "Bloomberg Real Yield." Nearly 215 billion ($241 billion) of France's corporate bonds now trade as if they were safer than the government's, an almost 18-fold increase since the start of 2026, after a punishing sovereign debt selloff. Some 38% of France's total pool of high-grade company debt was indicated at lower yields than government securities of similar maturity on Wednesday.

Read more: Some French IG Bonds Seem Safer Than Sovereign
Bloomberg
Financial

Union Square Ventures Doubles Fund Size for the AI Era

New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the AI race by nearly doubling the size of its core fund, raising $900 million in new money, including $500 million for its latest early-stage fund. The firm is also whittling down its general partnership to just four investors - including Nick Grossman. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Union Square Ventures Doubles Fund Size for the AI Era
Bloomberg
Financial

Goldman's Special Bonus for Top Brass Set to Exceed $500 Million

Goldman Sachs Group Inc.'s most senior leaders are set to unlock a special bonus that will rank among the biggest such payouts the firm has ever awarded. About 20 executives are in line for equity awards that will be finalized later this month and exceed $500 million at the current share price, with Chief Executive Officer David Solomon in line for more than $100 million. Bloomberg's Sridhar Natarajan joins to discuss.

Read more: Goldman's Special Bonus for Top Brass Set to Exceed $500 Million
Bloomberg
Financial

Longshots Losing 98% of Time Dominate Kalshi, Polymarket Trading

Bettors on Polymarket and Kalshi often make longshot wagers, with around half of all trading volume on Kalshi involving potential returns of at least 1,000%. These longshot bets have resulted in significant losses for bettors, with money staked on "yes" longshots losing 15% on Kalshi and 27% on Polymarket since early 2025.Bloomberg's Denitsa Tsekova joins to discuss.

Read more: Longshots Losing 98% of Time Dominate Kalshi, Polymarket Trading
Bloomberg
Financial

SpaceX Crew Capsule Splashes Down in Pacific After ISS Stay

A SpaceX capsule carrying four astronauts returned from space and splashed down off the coast of California, capping the crew's mission to the International Space Station. The crew, part of a mission called Crew-12, had been living and working on the ISS since February, after launching to space in the same SpaceX Dragon spacecraft that brought them home.

Read more: SpaceX Crew Capsule Splashes Down in Pacific After ISS Stay