Qualcomm said it signed up Amazon.com as a data center chip customer in a deal that gives Amazon the right to acquire as much as $4 billion in shares. Mandeep Singh of Bloomberg Intelligence has more.
Samantha Dart, co-head of global commodities research at Goldman Sachs, says that gasoline and diesel prices can remain elevated into "the whole of next year" as tightness in refining capacity is not being resolved. She speaks on "Bloomberg Surveillance."
Earl Davis, fixed income and money markets head at BMO Global Asset Management, looks ahead to US CPI data on Friday and explains why he's watching mortgage convexity sellers. He speaks on "Bloomberg Surveillance."
"The next couple of months are likely to be pretty rocky with only modest gains to be had for the rest of the year," says Seema Shah, chief global strategist at Principal Asset Management. Shah says a possible series of hikes by the Federal Reserve can provide some resistance for equities.
Amazon.com mandated banks for a debut sterling bond offering, with the deal expected to launch as soon as Wednesday. The company plans to offer tranches ranging from three years to 19 years. Neil Campling reports on Bloomberg Television.
Novartis saw a treatment for a rare muscle-wasting disease fail a late-stage study, the third clinical-trial setback in a week. The medicine was the centerpiece of Novartis's $12 billion takeover of Avidity Biosciences and raises questions about the drugmaker's growth prospects. Fabienne Kinzelmann reports on Bloomberg Television.
The sheer volume of AI-related debt issuance could pressure spreads, according to Miriam Wheeler, global head of leveraged finance at Goldman Sachs. "If you look at the last couple weeks in the market on the non-IG [investment grade] side, we have seen some spread widening, particularly in the AI space," Wheeler tells Bloomberg Television.
Chris Rokos, the founder of Rokos Capital Management, is set to leave the UK and switch his residency to Greece, people with knowledge of the arrangement said. Rokos will also open an office in Athens as part of the move, one of the people said. He is the latest in a string of high-profile financiers and business leaders that have chosen to leave after the abolition of the UK's long-standing non-dom regime and increased taxes on everything from private equity investments to inheritances and capital gains. Bloomberg's Jack Sidders reports.
Canada has imposed tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa's negotiating position with its biggest trading partner. Carney's government increased the import tax on many US steel items to 50% from 25%, and applied tariffs to a range of consumer goods including motorcycles, cosmetics and cheese. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot business with Canada and host heated races in November's midterm elections. Our Trade Tsar Brendan Murray joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss.
Brent oil approached $100 a barrel after Saudi Arabia said operations at several energy facilities in the kingdom's south were halted by attacks. Oil trader Vitol Group estimated that oil flows through the Strait of Hormuz are about half of pre-war levels, but added that an exact figure is hard to quantify. Bloomberg's Will Kennedy has the latest.
Canada's imposition of tariffs on hundreds of US products is a calculated risk for Prime Minister Mark Carney. US officials have repeatedly said they won't tolerate retaliation, but declined to specify how or when US President Donald Trump may respond with fresh measures of his own. Bloomberg's Brendan Murray explains the situation.
Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Bruce Richards, managing partner and head of CVC Marathon. "The consumer is doing well, corporate earnings are doing well, the economy is doing well," Richards says on Bloomberg Television. (Corrects guest's company name and title.)
