Strong storm “Beryl” targets Jamaica after hitting Grenada
(Bloomberg) — Hurricane Beryl’s winds have eased somewhat as it heads toward Jamaica, where its storm surge, strong winds and torrential rains could cause more...
Russia has made divorces significantly more expensive to finance its war effort
Bloomberg reported that Russia plans to increase divorce fees to help finance the Ukraine war. The Finance Ministry’s proposal increases divorce fees from 650 to...
Tencent benefits from successful game and achieves the largest increase in market value in China
(Bloomberg) — A hot new online game is fueling investor optimism about Tencent Holdings Ltd., fueling China’s biggest stock surge of 2024. Most read by...
SoftBank backs AI startup Perplexity worth $3 billion
(Bloomberg) — SoftBank Group Corp.’s Vision Fund 2 is investing in U.S. artificial intelligence startup Perplexity AI at a $3 billion valuation, Masayoshi Son’s latest...
Famous Ferrari mechanic charged with theft and fraud
If you’re planning on having Donnie Callaway work on your Ferrari, it might be time to come up with a backup plan. The California-based mechanic,...
Fearing a port strike, US industries are urging Biden to resume talks
(Bloomberg) — Most read by Bloomberg Dozens of industry associations in the US called on the White House to help restart stalled talks between dockworkers...
Quantum Capital reportedly closes $1.8 billion deal for Caerus Oil
(Bloomberg) — Quantum Capital Group has agreed to acquire Caerus Oil and Gas, valuing the Rocky Mountain energy explorer at $1.8 billion, people familiar with...
Nvidia loses $200 billion in value after brief run as top stock
(Bloomberg) – Nvidia Corp.’s run as the world’s largest company didn’t last long. Most read by Bloomberg Shares of the semiconductor giant have plunged for...
McDonald’s intensifies the price war in the fast-food market with a $5 menu
(Bloomberg) — McDonald’s Corp.’s U.S. chief says the company is ready for a fight. Most read by Bloomberg And to win, the burger chain is...
Koch family invests $6 billion in Brooklyn Nets owner
(Bloomberg) — Members of the billionaire Koch family will take a minority stake in BSE Global, the holding company that owns the Brooklyn Nets, New...