(Bloomberg) — Germany’s highest-stakes election in years is paving the way for a pivot to increased spending, with markets predicting the end of an era for constrained fiscal policy. Most Read from Bloomberg The euro rose 0.3% to nearly $1.05 in Asia after exit polls and early vote projections showed the conservative bloc led by…
(Bloomberg) — The Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further. The core personal consumption expenditures price index — which excludes often-volatile food and energy costs — probably rose 2.6% in…
(Bloomberg) — Startup Together AI, which provides users access to artificial intelligence computing, has raised $305 million from investors in deal led by General Catalyst, bringing the valuation of the company to $3.3 billion — a signal that corporate demand for AI is still strong. Most Read from Bloomberg Saudi Arabia’s Prosperity7 Ventures co-led the…
(Bloomberg) — Silver Lake Management is in exclusive talks to acquire a majority stake in Intel Corp.’s programmable chips unit, people with knowledge of the matter said. Most Read from Bloomberg The private equity firm is thrashing out details of an investment in Altera, whose multi-use chips are primarily deployed in telecommunications networks, according to…
(Bloomberg) — European bonds slipped and shares in defense companies rallied on the likelihood of greater military spending, which could force governments to step up borrowing in the coming years. Most Read from Bloomberg Prices for German, French and Italian bonds all declined, with 10-year bund yields — the benchmark borrowing rate for the euro…
(Bloomberg) — A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend the rally in China’s stocks. Most Read from Bloomberg Prominent entrepreneurs including Ma have been invited to meet the nation’s top leaders, people familiar…
(Bloomberg) — DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India. Most Read from Bloomberg Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus. In contrast, India…