The Australian | Business | World Business News
FBI probes possible J.P. Morgan hacking
Aug 27 2014
THE Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co.Snapchat valued at $10bn
Aug 26 2014
KLEINER Perkins Caufield & Byers has agreed to invest in ephemeral message service Snapchat at a valuation of close to $US10 bn.Rosneft poised for Arctic LNG stake
Aug 26 2014
ENERGY giant Rosneft is poised to take control of a new Arctic Circle LNG project planned for an area of northern Russia fronting the Barents Sea.Global tech to transform over 3 weeks
Aug 26 2014
THE world’s tech will undergo a transformation over just three weeks with a bonanza of new phones, tablets, smart watches and OLED 4K TVs.Young diners not lovin’ it
Aug 25 2014
MCDONALD’S revenues have slumped and there’s one key reason: Millennials aren’t Maccas fans, choosing fresher, healthier food instead.Former IBM chief John Akers dies
Aug 24 2014
JOHN Akers, who led IBM as its longtime dominance of the computer industry began to wane, has died, aged 79.Bangladesh next in Seek strategy
Aug 20 2014
ONLINE jobs and education group Seek will continue expansion into international markets.Buffett joins $200K club. Membership: 1
Aug 15 2014
IMAGINE if you’d spent a grand on a single Berkshire Hathaway share 31 years ago. That stock just passed $US200,000 and is still climbing.Bloomberg Markets
Tekscend to Debut After Japan’s Second-Biggest IPO This Year
Oct 15 2025
Tekscend Photomask Corp. will start trading on the Tokyo Stock Exchange Thursday after the maker of semiconductor material concluded a $1 billion initial public offering last week.OneUnited Bank COO on Digital-First Approach
Oct 15 2025
Teri Williams, President and Chief Operating Officer of OneUnited Bank, joins Bloomberg Businessweek Daily to discuss the bank’s digital-first approach, its customer base, and more. Williams also chats about the bank’s WiseOne AI platform and partnership with Google, Salesforce, JPMorgan and Citi. She also discusses how the bank reaches under-banked and unbanked Americans, promotes financial literacy, and more. She speaks with Carol Massar and David Gura. (Source: Bloomberg)Asian Stocks Set to Track Wall Street Volatility: Markets Wrap
Oct 15 2025
Asian stocks looked poised for a volatile session Thursday, mirroring Wall Street’s swings as investors weighed the uncertain fallout from escalating US-China trade tensions.Oil Rises as Trump Says India Will Stop Buying Russian Supply
Oct 15 2025
Oil rose from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had vowed to halt purchases of Russian barrels, a move that could squeeze global supply.Dow Slip, S&P and Nasdaq Edge Higher | Closing Bell
Oct 15 2025
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Matt Miller Carol Massar and David Gura. (Source: Bloomberg)Ferrari CEO Says Guidance Plan Is Ambitious
Oct 15 2025
Ferrari NV CEO Benedetto Vigna says the company’s earnings projections are “ambitious,” but they always deliver on promises. Vigna also talks about the Elettrica, Ferrari’s first all-electric vehicle, which will reach showrooms toward the end of next year. Vigna speaks on “Bloomberg The Close.” (Source: Bloomberg)ECB’s Muller Warns Chinese Export Curbs Could Fuel Inflation
Oct 15 2025
Chinese measures to curb the export of rare earths could reignite price pressures in the euro zone if they ripple through the global economy, according to European Central Bank Governing Council member Madis Muller.Electric Plane-Maker Beta Technologies Seeks $825 Million in IPO
Oct 15 2025
Beta Technologies Inc., a company making electricity-powered aircraft, is seeking to raise as much as $825 million in an initial public offering, proceeding despite the US government shutdown.Bloomberg Technology
FCC Moves to Boot Major Hong Kong Carrier from US Networks
Oct 15 2025
The US Federal Communications Commission took steps to block one of Hong Kong’s largest phone companies from accessing domestic telecom networks, citing national security concerns.ASML Earnings Signal AI Demand Holding Strong | Bloomberg Tech 10/15/2025
Oct 15 2025
Bloomberg’s Caroline Hyde breaks down ASML’s earnings as the AI boom continues to fuel demand for its cutting-edge chip-making machines. Plus, deals to develop data centers just keep coming, among them Microsoft and UK startup NScale inking a fourth deal. And, Apple updates its top-of-the-line iPad Pro and other products with its own in-house chip. (Source: Bloomberg)HPE Annual Profit Forecast Misses Estimate on Margin Crunch
Oct 15 2025
Hewlett Packard Enterprise Co. gave an outlook for profit and cash flow for its upcoming fiscal year that fell short of analysts’ estimates, reflecting a margin crunch in the AI era. The shares fell in extended trading.China Accessed Classified UK Systems for a Decade, Officials Say
Oct 15 2025
Chinese state actors systemically and successfully compromised classified UK government computer systems for more than a decade, according to two former senior security officials and other government officials familiar with the matter.OpenAI Says Oracle Helping Handle Chip Export Controls
Oct 15 2025
OpenAI said that Oracle Corp. has been helping the fast-growing startup expand the build-out of its data centers outside the US, including by dealing with export controls on chips for artificial intelligence work.EssilorLuxottica Buys Eyecare AI, Data Management Firm RetinAI
Oct 15 2025
EssilorLuxottica SA said it bought RetinAI, a company specializing in artificial intelligence and data management in eyecare, according to a statement.Anthropic CEO Held Funding Talks With MGX During Mideast Tour
Oct 15 2025
Anthropic recently held early funding talks with Abu Dhabi-based investment firm MGX, barely a month after the OpenAI rival closed one of the largest financing rounds ever for a technology startup.Cyber Attack Ensnares $4.3 Trillion Muni Market’s Key Site
Oct 15 2025
A ransomware attack is disrupting state and local borrowers’ ability to post debt documents on the $4.3 trillion municipal-bond market’s main distribution platform.Bloomberg Wealth
What’s Behind Gold’s Historic Rally
Oct 15 2025
Today on the Big Take: Gold thrives in times of uncertainty. But the scale and the speed of today’s rally exposes deeper concerns about the global economy.
Big Banks Warn of AI Froth as Bubble Talk Dominates Earnings
Oct 15 2025
As banks posted a record-breaking quarter for deal activity and trading revenue — driven in part by excitement about artificial intelligence — several Wall Street executives cautioned of over-exuberance in the AI industry.Hedge Fund Two Sigma Shutters $120 Million Legacy Eclipse Fund
Oct 15 2025
Two Sigma Investments is closing one of its legacy hedge funds.Luxury Tycoon Arnault’s Wealth Soars Amid Tax Debate in France
Oct 15 2025
Luxury tycoon Bernard Arnault’s wealth just got a big boost from shoppers around the globe, and the rise could feed into controversy at home.Billionaire Bill Ackman Donates $1 Million to Anti-Mamdani PAC
Oct 15 2025
Hedge fund billionaire Bill Ackman gave $1 million Tuesday to a super PAC opposing Zohran Mamdani’s New York City mayoral campaign, state campaign finance records show.Eisler Imposes 30% Bonus Cut on Traders Exiting Immediately
Oct 15 2025
Eisler Capital told its traders to expect a cut to their bonus payouts if they want to exit the hedge fund immediately following the firm’s decision to shut.Blackstone Creates Business Group to Bolster 401(k) Strategy
Oct 15 2025
Blackstone Inc. is creating a new group focused on getting private equity and other higher-fee, more complex offerings into the retirement accounts of everyday investors.Is Gold a Bubble Yet? And When Will It Burst?
Oct 15 2025
What can the previous two gold bubbles of the late 1970s and early 2010s tell us?