BLOOMBERG NEWS
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
OpenAI gets $11 billion funding at $1.25 trillion valuation: Report
OpenAI completed a substantial funding round, securing $11 billion to increase its valuation to $1.25 trillion. The funding was finalized after the company scaled back its initial plans for over $30 billion. Citing market conditions, OpenAI has encountered shifting investor sentiment toward AI investments and infrastructure costs. Additional funds, which may raise the total to $20 billion, are expected to close soon.
Microsoft is winding down Oracle deal to rent AI cloud capacity: Bloomberg
Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg news reported on Friday, citing people familiar with the matter.
House of Trump falling? Vance, Hegseth at centre of rupture talks as Iran war backlash rages
Donald Trump’s crushing midterm defeat has exposed growing fault lines inside his administration, with the Iran war turning from a military campaign into a political liability. Vice-President JD Vance has openly blamed the conflict for the Republican loss, while Secretary of State Marco Rubio has been drawn into reports about a possible exit—claims he and the White House deny. The biggest battle is unfolding around Defence Secretary Pete Hegseth, who faces renewed impeachment calls and investigations once Democrats take control of Congress.
ING puts $500 million of data center loans up for sale
This includes a $25 million loan tied to a large New Mexico data center that forms part of the Stargate artificial intelligence infrastructure venture backed by OpenAI, SoftBank Group and Oracle, the report said.
Apple seeks about $7 billion from bond sale, Bloomberg News reports
Apple is seeking about $7 billion from a US-dollar bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion.
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Apple seeks about $7 billion from bond sale: Bloomberg News
The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund AI expansion. Apple did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
Apple cuts employee AI budgets in cost-control push
Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal
Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.
Global Market Today: Asian stocks rise as oil slides after US midterm elections
Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was after the S&P 500 Index jumped 1.6%, its biggest gain in three months, and the tech-heavy Nasdaq 100 climbed 0.9%. South Korea was the outlier, with the Kospi Index dropping 2.7%, reflecting investor concerns over the future of data-center development and losses in US chip stocks.
Tesla stocks tumble after Democrats win Congress; Musk's $500 million Republican backing leads to new stress test for Elon’s empire
Elon Musk's substantial political contributions to Republican candidates now face challenges after Democrats gained control of Congress. His significant investments in Texas could complicate relationships due to the recent political shift. Both Tesla and SpaceX might experience increased scrutiny regarding their government contracts and regulatory approvals. Investors are concerned about the potential implications for Musk's businesses amidst changing political dynamics.
Meta draws record orders for debut euro bond sale, Bloomberg News reports
Meta Platforms has successfully garnered an impressive €53 billion in investor interest for its inaugural euro bond issuance. With an ambition to raise €9 billion divided into six distinct parts, this move follows their recent $15 billion bond offering in the US market. Citigroup and Morgan Stanley are at the helm of this euro bond sale, with pricing anticipated shortly. As of September 30, Meta's total debt reached $83.67 billion.
US midterm election results cheer US bond yields, 10-year treasury note, yield on 30-year bond, two-year treasury yield jump on Tuesday
US midterm election 2026 results: 10-year TIPS breakeven rate was last at 2.305 per cent, indicating the market sees inflation averaging about 2.3 per cent a year for the next decade.
Midterm elections 2026: Why Kalshi and Polymarket election betting declines as sports and crypto take over
2026 midterm election results: Prediction markets have grown more than 20-fold since October 2024, but election betting is losing its share of trading activity. Ahead of the 2026 US midterms, sports and crypto are attracting traders, while concerns over market manipulation and state gambling laws put Kalshi and Polymarket under scrutiny.
What time do the polls close on Election Day? State-by-State timings and 4 ways to track midterm results live
US midterm elections are underway, with millions of Americans already casting their ballots during early voting. Polls will close across various states starting at 7 p.m. Eastern Time, which will provide staggered results throughout the evening. Predictions from multiple sources indicate a significant advantage for Democrats in both the House and Senate races. Voters can track results through interactive maps, live coverage, and mobile updates.
How to read the results map: Leads, called races and uncounted ballots
During election nights, maps can distort perceptions of party success across states. Candidates might perform well in various smaller areas, but larger counties typically hold more electoral weight. Reputable news sources like AP and DDHQ will relay these results. Innovative representations, such as bubble maps, can provide clearer views of voting behaviors. As we approach the pivotal 2026 midterms, understanding these details is essential for voters.
Krafton steps up India bets to build next global gaming franchise beyond PUBG
Krafton Inc. is actively investing in India's gaming industry to fuel its growth and develop new titles. The company aims to expand beyond its successful PUBG franchise, which has achieved immense popularity in India. With plans to acquire another studio, Krafton seeks to leverage India's talent pool and expertise in software development. The Bangalore team is expected to grow significantly, aided by advancements in artificial intelligence.
Disney weighs sweeping layoffs, with thousands of jobs at risk as CEO Josh D'Amaro targets 20% cost cuts
Walt Disney is reportedly considering cutting thousands of jobs as part of a cost-saving restructuring initiative. The company's leadership has requested managers to identify 20% in annual cost savings. This decision follows challenges including reduced box office revenue and increased competition in streaming. Disney aims to reallocate some of the savings into film, TV programming, and theme park ventures.
Meta eyes at least $20 billion from potential bond offerings, Bloomberg News reports
Meta is reportedly looking to raise at least $20 billion through a cross-border bond offering to fund its expanding AI infrastructure. The potential debt sale follows its planned $97.5 billion equity fundraising, highlighting how major technology companies are increasingly tapping debt and equity markets to finance their artificial intelligence ambitions.
Norway uses US President Trump's insult to promote scenic restrooms as tourist attractions
Norway's official travel website is promoting its scenic restrooms along tourist routes as attractions. This initiative follows comments made by US President Trump, which referred to Norway derogatorily. The campaign has gained significant attention from international visitors interested in Norway's public facilities. Visit Norway's director noted that this controversy created an opportunity to showcase high-quality restrooms.
Microsoft expects to raise $25 billion in US bond sale, source says
The world's largest tech firms have turned to selling bonds and raising equity over the past year to pay for their AI spending spree, a shift in approach for the Silicon Valley giants that have typically relied on their large coffers to fund investments.
US begins deportation operations using newly acquired government-owned aircraft
DHS has initiated the use of its newly acquired Boeing 737 aircraft for deportation flights. The aircraft had been previously purchased to enhance immigration enforcement operations under the Trump administration. Despite initial uncertainty, the aircraft completed two deportation flights from Texas to Mexico recently. Critics have raised concerns regarding the necessity of the government-owned fleet amid existing charter operator contracts.
AI boomerang: What one should keep in mind if Microsoft, Barclays Bank, Kroger rehire sacked employees?
Microsoft, Barclays Bank and supermarket chain Kroger are among the latest entries on a growing list of companies that have announced AI-related workforce reductions this year.
'Ergonomically terrible': Steve Jobs said hands-off, Apple says hands-on with its first touchscreen laptops
Apple CEO John Ternus unveiled the company’s first touchscreen MacBooks, reversing a long-standing stance against the technology. The move comes as Apple expands its product lineup ahead of the holiday shopping season, despite earlier objections from Steve Jobs and Tim Cook.
Marvell in advanced talks to buy Lumentum: Bloomberg News
Marvell has emerged as one of the biggest beneficiaries of the AI boom, driven by strong demand for its custom AI chips and networking hardware that connect data center servers and artificial intelligence systems.
Bloomberg, two trading firms agree to pay Truth Social for faster access to Trump's posts, sources say
The firms are Susquehanna International Group and Jump Trading, both high-frequency trading firms focused on algorithmic and automated strategies.
Rome says no to tourist tax, plans short-term rental curbs to tackle overtourism
Rome Mayor Roberto Gualtieri has decided against implementing an entry fee for tourists visiting the city. He believes that regulating short-term rentals will more effectively protect the historic neighborhoods of Rome. The city is currently working on measures to impose restrictions on various rental properties. Gualtieri emphasized the importance of attracting tourists interested in authentic local experiences rather than transient visitors.
Intel to buy quantum firm Classiq for about $2.3 billion: Report
The Israeli startup would also add quantum processors to Intel's lineup, which already includes central processing units and graphics processors. Intel said it plans to keep Classiq's software compatible with other companies' hardware after the deal closes.
Apple launches M6 MacBook Pro and iMac, pitches faster on-device AI
Apple said the M6 MacBook Pro delivers up to 30% faster graphics and up to 25% faster AI performance than its M5 predecessor, along with up to 24 hours of battery life, the longest ever in a Mac.
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