Business
Morgan Stanley Plans 3,000 More Job Cuts
Morgan Stanley is preparing a fresh round of job cuts, with senior managers expecting to eliminate about 3,000 jobs from the global workforce by the end of this quarter. Su Keenan reports on Bloomberg Television.
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Business
Adani Wins Dismissal in US Fraud Case
Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Business
Data Center Opposition Could Hurt Nvidia, Ferragu Says
Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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Business
How Is Treasury Debt Buyback Plan Impacting Credit?
Meghan Robson, head of US credit strategy at BNP Paribas, and Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, join Scarlet Fu on “Bloomberg Real Yield.”
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Business
Extreme Heat Is Drying Up Europe’s Biggest Rivers
Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange
Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.
The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.
Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep
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Business
Big Take Asia: North Korea’s New Economic Windfall
On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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@Lemariecooper
December 24, 2023 at 1:19 pm
Last year, more than 140,000 jobs were slashed from public and private tech companies as they were forced to confront rising inflation and a tumultuous stock market.
@marcusjones9084
December 24, 2023 at 1:19 pm
It's almost as if we're in a recession.
@bophamv
December 24, 2023 at 1:19 pm
Sorry to hear that. Wish all good American worker the best.
@mmercato7174
December 24, 2023 at 1:19 pm
MS is in big trouble 😑
@praveenspike
December 24, 2023 at 1:19 pm
The US should officially announce a debt default, Biden will not accept McCarthy's conditions as he wants to send more money to Ukraine and reps doesn't want to do that. This is a stalemate declaration.
@ceegee4875
December 24, 2023 at 1:19 pm
Haven’t seen Mike Wilson in a while. Is he fired?
@PonziZombieKiller
December 24, 2023 at 1:19 pm
The Blood Sucking Squid needs to I get rid if some too.
@PonziZombieKiller
December 24, 2023 at 1:19 pm
We have way too many Banksters.
@Amirov989
December 24, 2023 at 1:19 pm
Why? What happened?? Will they support at least LGBT community?