Hundreds of French high schools will shut Tuesday as teacher unions join a student-led protest movement demanding more money for education. The government warned that the unrest had turned into "urban violence" and blamed the far left for being behind the movement. Bloomberg's Julien Ponthus reports.
Yemen's armed forces took control of the Red Sea city of Mocha on Monday after battles with the Iran-backed Houthis, state-run Saba said. This puts the internationally recognized government closer to taking over the Bab el-Mandeb Strait, a narrow chokepoint between the Red Sea and the Gulf of Aden that Saudi Arabia had been using to export oil and bypass the Strait of Hormuz. Bloomberg's Stuart Livingstone-Wallace reports.
US Republican Senator for Pennsylvania, Dave McCormick, discusses his visit to Japan, as he leads a delegation to discuss bilateral investment opportunities, after the US and Japan reached a $500B investment trade deal earlier this year. He speaks with Shery Ahn on "Bloomberg: The Asia Trade".
Alex Mashrabov, CEO of Video AI Start up Higgsfield, discusses the company's path to achieving generate annualised revenue of more than $1 billion, based on current performance. He also discusses the company's growth and business strategies for APAC markets. He speaks exclusively with Shery Ahn on "Bloomberg: The Asia Trade".
Jim Chalmers, Australian Treasurer, says higher global bond yields will put pressure on the Australian budget as the widespread selloff pushes debt refinancing costs higher. He speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade.
Modern Treasury has applied to establish a national trust bank with the Office of the Comptroller of the Currency.
Paramount Skydance Corp. outlined the executive leadership team that will helm the new company resulting from its acquisition of Warner Bros. Discovery Inc. David Ellison will continue to serve as chief executive officer and chairman, overseeing the company's long-term strategy and creative vision, while co-CEO Ynon Kreiz will focus on day-to-day management. Bloomberg New Media Reporter Hannah Miller breaks down the latest news on the closely-watched merger.
Babylist CEO Jennifer Hyman discusses the company's new 20,000-square-foot showroom in Manhattan's SoHo neighborhood, which opened at the end of September and is its largest retail location yet. Hyman says the space is designed to help expecting and new parents research major purchases with expert guidance: visitors can learn about products, try baby carriers and get help installing car seats. She speaks with Scarlet Fu on "The Close."
Former Boston Fed President Eric Rosengren described the U.S. economy as middling: inflation has eased more than policymakers expected at their September meeting, while the latest jobs report was somewhat weak. He said the Fed is likely to wait until its final meeting of the year before deciding whether another 25-basis-point hike is needed, rather than act just before the midterm elections. He speaks with Scarlet Fu & Hema Parmar on "The Close."
A rally in giant technology companies drove stocks higher in the Monday session, overshadowing concerns about still-elevated oil prices and bond yields. The S&P 500 rose to a striking distance of a record while the Nasdaq 100 reached a fresh peak. Political upheaval in Europe and fiscal worries drove the euro to its weakest since May 2025, while longer-dated Treasury yields hit multi-decade highs. Markets have absorbed rising rates, high energy costs and renewed inflation concerns, with stocks continuing to advance. For a look at the broader market backdrop, we hear from Carol Schleif, Chief Market Strategist at BMO Wealth Management. She speaks with Bloomberg Businessweek Daily hosts Carol Massar and Norah Mulinda.
C.H. Robinson is set to acquire RXO's trucking brokerage business in a deal valued at about $5.8 billion. CEO and President Dave Bozeman said the combination would bring together C.H. Robinson's global multimodal, freight brokerage and forwarding operations with RXO's North American brokerage, last-mile and expedited services. He speaks with Scarlet Fu & Hema Parmar on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Norah Mulinda.
