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Barclays CEO Can’t See Dimon’s Cockroaches, Even After Tricolor
1761138016 from BLOOMBERG
Barclays Plc missed out on the dealmaking and trading boom that US rivals enjoyed in the third quarter, but it still took a similar, unwelcome hit on the failed auto-lender Tricolor of £110 million ($147 million). And yet the UK bank is edging its way towards hitting the profit targets it set for 2026 — even in its laggard investment bank.
Good News: You Don’t Have to Give Up Eating Beef
1761132607 from BLOOMBERG
These are grim days in the fight against global heating, but every now and then you still stumble across a chance for an easy victory. Two new studies show how, merely with small tweaks to their meat-eating habits, Americans could erase what amounts to the annual greenhouse-gas emissions of a decent-sized industrialized country.
China’s Phone Makers Are Chasing Xiaomi, Not Apple
1761130930 from BLOOMBERG
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov reviews the reverberations of Xiaomi’s aggressive move to go head-to-head with the iPhone.
Don’t Let Tricolor’s Bankruptcy Punish Underserved Borrowers
1761123607 from BLOOMBERG
The implosion of subprime auto lender Tricolor Holdings has rocked America’s banking system. Even the mighty JPMorgan Chase & Co. failed to come away unscathed, recording a loss of $170 million on loans to the Dallas-based firm following its bankruptcy filing last month. Federal prosecutors are looking into allegations of fraud. “I probably shouldn’t say this, but when you see one cockroach, there are probably more,” Chief Executive Officer Jamie Dimon declared. “Everyone should be forewarne
Tesla Stops Growing So Investors Pivot to Dreams of an AI Future
1761122368 from BLOOMBERG
In the stock market’s rarefied air where mega-cap technology behemoths reside, Tesla Inc. stands out — but for all the wrong reasons. Chief among them is its stunning lack of earnings growth while its stock price continues to soar.
Why Crackdown on Turkish Opposition Is Rattling Markets
1761122364 from BLOOMBERG
Political stability is usually prized by investors in emerging markets. Yet Turkish stocks and bonds have lurched lower this year amid a judicial crackdown on the country’s political opposition that appeared to cement President Recep Tayyip Erdogan’s more than two-decade rule.
Baidu to Bring Robotaxis Without Steering Wheels to Switzerland
1761120346 from BLOOMBERG
Chinese internet giant Baidu Inc. and a Swiss Post subsidiary will start autonomous vehicle testing in Switzerland by the end of this year as they seek to launch the world’s first robotaxis without steering wheels to the public in 2027.
Bank Indonesia Pauses Rate Cuts to Allow Policy Transmission
1761118864 from BLOOMBERG
Bank Indonesia unexpectedly kept its policy rate unchanged after three straight cuts, pausing to assess the impact of previous easing and ongoing fiscal stimulus on Southeast Asia’s largest economy. Shares fell, while the rupiah rebounded.
Trump Says He Doesn’t Want Wasted Meeting With Putin
1761113094 from BLOOMBERG
US President Donald Trump said he did not want to have “a wasted meeting” with Russian President Vladimir Putin. Trump said he had not made a determination to scrap the meeting, but reiterated his desire to see current battlefield lines frozen as part of a ceasefire agreement. Bloomberg’s Greg Sullivan reports.
OpenAI Pays Ex-Bankers to Automate Junior Roles
1761109709 from BLOOMBERG
OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry. Bloomberg News' Omar El Chmouri discusses with Joumanna Bercetche on Horizons Middle East and Africa. (Source: Bloomberg)
PLS CEO on Global Lithium Sector Outlook
1761107739 from BLOOMBERG
Dale Henderson, Managing Director and CEO of PLS, Australia's biggest pure-play lithium producer, sees "very positive" demand for lithium globally, driven by growth from the EV sector. He says the recently inked critical minerals deal between Australia and the US also serves as a good sign for the industry. He speaks with Annabelle Droulers and Avril Hong on "The Asia Trade". (Source: Bloomberg)