Bloomberg
Everton FC Closing In on Sale to 777 Partners
Everton Football Club is nearing an agreement to be acquired by 777 Partners LLC following months of talks between the parties, with club owner Farhad Moshiri expected to exit with a fraction of the money he invested. David Hellier...
Bloomberg
Manchester United May Be Off the Market
Manchester United Plc shares fell by a record amount on Tuesday after a report in the Mail On Sunday that said the Glazer family is going to take the club off the market after failing to receive offers that match their asking price....
Bloomberg
Tesla Executive in Purchasing Probe Draws US Scrutiny
Bloomberg has learned that US prosecutors are looking into whether Tesla Inc.'s plan to purchase hard-to-get construction materials was an appropriate use of company funds. Su Keenan reports on Bloomberg Television.
Bloomberg
China Escalates Yuan Intervention
Chinese authorities told state-owned banks to escalate intervention on the currency market this week in a push to prevent a surge in yuan volatility, according to people familiar with the matter. The onshore yuan has been falling toward...
Bloomberg
China Regulator to Hold Meeting With Property Developers, Financiers
China's securities regulator will be holding a meeting on Friday with some property developers and financial institutions as troubles in the real estate sector continue to mount, according to people familiar with the matter. Country...
Bloomberg
CLP's Lancaster on Company Earnings and Performance
CLP Holdings Ltd. Chief Executive Officer Richard Lancaster discusses the company's recent performance and business strategy. He speaks with Bloomberg's Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
Bloomberg
UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients
Bloomberg has learned that UBS Group AG is planning dispose billions of dollars in loans to Credit Suisse's clients in the Asia Pacific region as the Swiss lender works to reduce risks from the defunct lender. Su Keenan reports on...
Bloomberg
US Ambassador to China Hacked in China-linked Operation: WSJ
Beijing-linked hackers accessed the US Ambassador to China Nicholas Burns' email account, The Wall Street Journal reports, citing people familiar with the matter. Stephen Engle reports on Bloomberg Television.
Bloomberg
Workers Demand More Diversity at Game Maker Roblox
Current and former employees say Roblox's efforts to make the company more diverse have not gone far enough. Several women tell Bloomberg that CEO David Baszucki is not making diversity a priority. Bloomberg's Cecilia D'Anastasio reports...
Bloomberg
Alibaba Eyes Video Entertainment Assets
Alibaba Group Holding Ltd. is exploring options for its video entertainment assets, according to people familiar with the matter, as the Chinese tech giant wades deeper into its plan to revamp its structure. Annabelle Droulers reports on...
Bloomberg
Goldman Sachs Is No Longer the World's Top Dealmaker
Goldman Sachs Group Inc. has lost its ranking as the world's top mergers and acquisitions adviser for the first time in five years. JPMorgan is now number one based on data compiled by Bloomberg. Bloomberg's Michelle Davis...
Bloomberg
Inside the White House Visitor Logs
Bloomberg's Eric Fan discusses the Biden Administration's attempts to make their White House visitor logs more transparent, and the issues that have arise from it. Eric speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance...
Bloomberg
SpaceX Tender Offer Said to Value Company at About $150B
Elon Musk's SpaceX is offering to sell insider shares at a price that would raise the closely held company's valuation to about $150 billion, according to people familiar with the matter. Ed Ludlow has more on "Bloomberg Markets: The...
Bloomberg
China Holds Urgent Meetings With Economists, Business Executives
"Urgency" is the word now most associate with China's efforts to shore up its sagging economy. Sources have told Bloomberg that Chinese officials are now soliciting advice from economist and business leaders, even foreign ones, on how to...
Bloomberg
Oil Rebounds as China's Stimulus Stokes Hopes for Demand
Oil is holding on to most of its big rebound. China has weighed measures to kickstart the world's second-largest economy, and that's raising speculation energy demand will increase. Su Keenan reports on Bloomberg Television.
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Bloomberg
Amazon in Talks to Offer US Prime Members Mobile Service
Amazon.com Inc. wants to offer low-cost or possibly free nationwide mobile phone service to Prime subscribers and has been talking with wireless carriers about the proposal for six to eight weeks. Ed Ludlow reports on Bloomberg...
Bloomberg
China Will Remain Important: Beschloss
Afsaneh Beschloss, RockCreek Founder and CEO discusses the role of AI and US-China relations. She speaks with David Westin on "Wall Street Week Daily."
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Bloomberg
Meta Completes Latest Round of Massive Layoffs
Meta Platforms sent out the last round of pink slips to thousands of workers. Even though this round of cuts was announced in March, many projects were put on pause and workers felt like they were in a state of limbo. The company, which...
Bloomberg
Ukraine's Zelenskiy to Visit G-7 in Person
Ukrainian President Volodymyr Zelenskiy will travel to Hiroshima, Japan, to join the Group of Seven leaders in person, according to people familiar with the matter. Stephen Engle reports on Bloomberg Television.
Bloomberg
George Soros Cuts All Ties With Tesla
George Soros has sold off all his shares in Tesla and has reduced his stake in another electric car maker Rivian. Bloomberg's Ed Ludlow reports.
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Bloomberg
Apple Delays Bonuses for Some Staff
Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation....
Bloomberg
Meta Plans to Lay Off Around 10,000 Employees
Meta plans to lay off around 10,000 employees and close about 5,000 additional open roles.
The job cuts come as part of Mark Zuckerberg's "year of efficiency." The company already laid off 11,000 people in November, or 13% of its staff....
Bloomberg
Tesla May Partner With CATL to Build Battery Plant
Tesla Inc. is looking to build a battery plant in the US. It could partner with China's dominant electric-vehicle battery manufacturer Contemporary Amperex Technology Co. Ltd. Bloomberg's Ed Ludlow reports.
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Bloomberg
Apple to Cut Small Number of Corporate Retail Jobs
Apple Inc. is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter, marking its first known internal job cuts since it embarked on a belt-tightening effort last...