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Taiwan plans to tighten export controls on AI chips in an effort to further align with US restrictions, joining a Trump administration clampdown on the smuggling of semiconductors to China. Neil Campling reports on Bloomberg Television.
JinkoSolar (NYSE:JKS) announced that its 54.32%-owned subsidiary Jiangxi Jinko estimates a shareholder-attributable net loss of RMB2.97633 billion–RMB3.57633 billion for the first nine months of 2026.
DataMeds AI (NASDAQ:MEDS) outlined plans on October 16, 2026, for its three Corexa Health divisions following an FDA proposal that could ease compounding restrictions on six peptides.
After nearly two decades of discussions Uganda is preparing to become an oil producing nation before the end of its financial year in June 2027. This comes as East Africa works to become more energy self sufficient amid a disruption in oil flows from the Middle East conflict. Kristina Kasebayo, Head of Compliance at the Uganda National Oil Company explaind to Bloomberg Television Chief Africa Anchor and Correspondent Jennifer Zabasajja in a fireside chat at Africa Energy Week.
Microsoft (NASDAQ:MSFT) faces potential UK regulatory restrictions after the Competition and Markets Authority proposed strategic market status for its business software ecosystem on October 16, 2026.
M&T Bank (NYSE:MTB) reported third-quarter 2026 net income of $775 million and diluted earnings of $5.04 per share, reflecting lower quarterly profit despite growth in loans and deposits.
Ludovic Subran, chief investment officer and chief economist at Allianz, expects Federal Reserve Chairman Kevin Warsh to raise interest rates by as much as 75 basis points once the midterm elections are over. "The US is running hot, and I think he cannot ignore that," Subran tells Bloomberg Television. "I do expect the US will have to act decisively on inflation, both from energy, but also from AI," he adds.
CoreWeave has been become embroiled in a tug of war between investors who see rising bond yields as a rally-killer for the AI trade and those who think rising demand for computing power justifies the enthusiasm. Bloomberg's Neil Campling reports.
Tesla (NASDAQ:TSLA) shares rose 4.6% to $379 in premarket trading after the automaker unveiled a redesigned Roadster developed with SpaceX, featuring rocket-style thrusters and a 2028 production target.
Romanian President says EU leaders need to show they will keep supporting Ukraine, as Russia has also been attacking ships in the Black Sea and the relation between President Zelenskiy and Trump has deteriorated over the past few days. Nicusor Dan sat down with Bloomberg's Oliver Crook on the sidelines on an EU leaders meeting in Brussels on Friday.
Li Auto (NASDAQ:LI) announced that its chip subsidiary MHX Technology signed equity financing agreements totaling RMB1.625 billion to support semiconductor development and commercialization.
Neuberger Multi-Asset Strategies Co-CIO Maya Bhandari says the firm recently cut back its stance on global equities to "at target" for the first time in four years, with Europe still underweight due to its cyclical bias, heavy concentration in autos and banks, and limited AI exposure. She tells Bloomberg this is in contrast to Japan and China, with their stronger earnings and valuations.
