Australia Breaking News

Hagerty Chairman and CEO McKeel Hagerty joined Bloomberg Open Interest to explain how the company transformed from a niche insurance provider into a collector-car empire powered by media, memberships, and auctions. He discusses the coming $570 billion wealth transfer in collector vehicles, the surge in Ferrari values, and why electric vehicles could become the next sought-after collectible.

The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands. Columbia Business School Professor and Partner at Silver Point Capital, Michael Gatto discusses his take on the First Brands drama, as well as advice for young professionals in credit and distressed markets.

HPE shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street's estimates, citing massive growth in AI-fueled demand for its servers and networking. HPE CEO Antonio Neri joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech" to discuss the company's demand growth, memory prices and outlook.

Norway's $2.3 trillion sovereign wealth fund needs ethics rules that allow it to stay invested in big tech stocks, Finance Minister Jens Stoltenberg said. He speaks to Bloomberg News Editorial Lead for EMEA Jackie Simmons at a Bloomberg Newsmakers event in Oslo.

Alphabet's surprise $80 billion capital raise sparked debate, but Jefferies Equity Research Analyst Brent Thill says it's a power move, not a rescue mission. He joins Bloomberg Open Interest to explain why Google is racing ahead of potential OpenAI, Anthropic and SpaceX IPOs, why AI spending could exceed $1 trillion annually and how the AI boom could fundamentally reshape corporate hiring and investment decisions.

MongoDB CEO CJ Desai joined Bloomberg Open Interest to break down how AI could become a massive growth driver for the company. He says that every AI application needs a scalable data layer and reveals that his software company added 2,500 customers last quarter while targeting thousands more in the year ahead.

EasyJet's rejection of a reported Castlelake takeover approach sparks a bigger debate: Are UK-listed companies undervalued? Bloomberg's Silas Brown joins Bloomberg Open Interest to explain why a private credit giant is interested in aviation deals and reveals that private credit markets remain flooded with cash despite growing geopolitical and inflation concerns.

Centerbridge Co-Founder Jeff Aronson says the US economy is "in reasonably good shape" and that he doesn't see a recession happening anytime soon. He also discusses the ripple effects war in the Middle East could have on markets if it persists, as well as his views on prediction markets. Aronson sits down with David Rubenstein for the premiere episode of Bloomberg Wealth Season 6. This interview was recorded April 28 in New York.

On this episode of Stock Movers with Alexis Christoforous: - Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei.

Former NATO chief Jens Stoltenberg says tensions between the US and Europe have become harder to manage since he left the alliance. Stoltenberg, now Norway's finance minister, says there are limits on what Europe should accept from the US. He speaks to Bloomberg News Editorial Lead for EMEA Jackie Simmons at a Bloomberg Newsmakers event in Oslo.

Former NATO chief Jens Stoltenberg says the alliance is more prepared for war than it's been in decades. He speaks to Bloomberg News Editorial Lead for EMEA Jackie Simmons at a Bloomberg Newsmakers event in Oslo.

SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO, with banks still likely to rake in about $500 million from the record-setting debut. Sridhar Natarajan reports on Bloomberg Television.