Page 398 - Bloomberg

Bitcoin sags after its longest streak of monthly gains since 2021

The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets

JPMorgan's health care venture arm makes fertility bet in $25 mn deal

The investment comes after a March fund-raise where Kindbody secured $100 million from Perceptive Advisors in a deal that valued the company at $1.8 billion

Stagflation is the risk that eludes investors mispricing financial markets

That highlights the risk of mispricing in short-term interest rates market, which are pricing in one to two quarter-point rate cuts by the end of this year

In its 50th year, IEA and Opec's marriage is overcome with bickering

There may be a natural antagonism between the two bodies, but they'll need to suffer the decline of crude together

Tech, AI to drive demand for specialists, decline of clerical work: WEF

Over the next five years, nearly a quarter of all jobs will change as a result of AI, digitization and other economic developments like the green energy transition and supply chain re-shoring

Bitcoin's monthly streak brings $100,000 into view if history is right

Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021

FDIC needs 'lowest-cost' First Republic alternative, says Ro Khanna

The FDIC has asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., US Bancorp and Bank of America Corp. for bids, according to people with knowledge of the discussions

China manufacturing activity contracts, but consumer spending strong

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March. Economists had forecast the index to hit 57. A reading above 50 indicates expansion

Last rate hike? Fed's Jerome Powell expected to face more opposition

With inflation as high as 9 per cent in the past year, Powell's colleagues were all-in on the fight to curb price pressures

Federal Reserve seen boosting rates even as economic risks build in US

The Federal Open Market Committee is expected to boost the benchmark lending rate target by another quarter percentage point on Wednesday

China's factory activity contracts as economy struggles to sustain momentum

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March

China's factory activity contracts as economy struggles to sustain momentum

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March

Sebi seeks 6-month extension to complete Hindenburg's Adani probe: Report

New York-based Hindenburg in January accused Adani Group of using a web of companies in tax havens to inflate revenue and stock prices, even as debt piled up

FDIC asks JPMorgan, PNC to submit final bids for First Republic by Sunday

The bidding process kick-started by regulators - after weeks of fruitless talks among banks and their advisers - could pave the way for a tidier sale of First Republic

It all went south, says Twitter co-founder Jack Dorsey; rues Musk deal

Dorsey, who was friendly with Musk for years and suggested he get involved with Twitter, was previously publicly in favor of the deal

Jaiprakash Associates defaults on $508 mn loan repayment due on Mar 31

The flagship company of the infrastructure-focused Jaypee Group has borrowings of Rs 29,396 crore, which are due for repayment by 2037, it said

Germany sets new standard for cheap, national mass transit at $54 a month

The impact of the ticket could ripple through to other countries by taking the potentially radical step of positioning transit systems as a public good to which all deserve affordable access

First Republic Bank's fate uncertain after stock's harrowing tumble

Meanwhile, larger lenders have started preparing for the possibility that the government seizes First Republic and asks them to bid on the bank or its assets, the report said

India on alert for blistering heat across swathes of country in May

Temperatures aren't the only factor that makes heat waves dangerous. Humidity can also be fatal when the human body can't cool itself by sweating

Amazon falls after warning of slowdown in cloud computing business growth

AWS revenue rose 16% to $21.4 billion in the first quarter, the weakest growth rate since Amazon began breaking out the unit's sales