NEWS & MEDIA
OCT8

2024

Wall Street Races to Launch Latest Cohort of Crypto-Spot ETFs

The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, has begun.

OCT8

2024

Byju’s Affiliate Drained Cash from US Units, Lawsuit Says

A software company controlled by Indian entrepreneur Byju Raveendran drained cash from US affiliates in violation of US bankruptcy rules, according to a lawsuit filed Tuesday in federal court in Delaware.

OCT8

2024

Citi Pushes Back on NY Online Fraud Suit: We’re Not Bad Guys

Citigroup Inc. said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New York state wins a lawsuit claiming the company doesn’t do enough to prevent online fraud.

OCT8

2024

US Venture Capital Opens Path to Funding for China Biotech Firms

Faced with a moribund share sale outlook and emboldened by their growing recognition on the global stage, some Chinese biotechnology companies have found a new way to cash in on their innovative therapies.

OCT8

2024

Roblox Slumps on Hindenburg Bet, States Sue TikTok | Bloomberg Technology

Bloomberg's Caroline Hyde and Ed Ludlow discuss the state of Roblox as short seller Hindenburg Research bets against the company over alleged inflated metrics. Plus, multiple US states sue TikTok for allegedly deceiving users about its safety for children, and Meta adds new AI video features for advertisers. (Source: Bloomberg)

OCT8

2024

Balance of Power 10/08/24

"Balance of Power" focuses on the intersection of politics and global business. On the show today, Craig Fugate, Former FEMA Administrator, discusses FEMA's response to Hurricane Milton's anticipated destruction to the state of Florida and storm recovery misinformation. Former Senator of Pennsylvania Pat Toomey talks about Vice President Kamala Harris and Former President Donald Trump close in polls in Pennsylvania. (Source: Bloomberg)

OCT8

2024

Generac Runs Low on Portable Generators After Storms

Generac Holdings Inc. is running low on portable backup generators after Hurricane Helene and other recent storms knocked out power for millions of Americans.

OCT8

2024

China Markets Warn Xi More Stimulus Is Needed to Fuel Rally

Ever since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

OCT8

2024

Five Things You Need to Know to Start Your Day: Asia

Good morning. US tech stocks are rallying. South Korea is set to join FTSE Russell’s benchmark bond index. And traders are priming for central bank decisions in New Zealand and India. Here’s what’s moving markets. —Isabelle Lee

OCT8

2024

Asian Stocks to Rise After Tech Lifts Wall Street: Markets Wrap

Equities in Asia were primed for early gains Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.

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