🤖 Desk
Artificial Intelligence, Machine Learning, Deep Learning breakthroughs
Jersey Mike's Subs, a sandwich chain with over 3,000 locations, is reportedly preparing for an initial public offering (IPO) The company is working with Morgan Stanley and JPMorgan Chase & Co. on the offering.
Read latest briefing →Desk archive
JPMorgan's Bob Michele sees an "ideal market" for bonds and credit. Investors are growing wary of software companies' bonds due to mounting concerns about artificial intelligence disrupting their businesses. Despite the current uncertainty, Michele remains confident in the fixed income market.
Apollo Global Management recently sold its underperforming commercial real estate investment trust (REIT) to its insurance arm, Athene Holding Ltd. The sale came after the publicly listed REIT consistently traded below its book value, leaving investors unsatisfied with its performance. Meanwhile, General Motors Co. reported impressive fourth-quarter earnings results, surpassing analysts' expectations. In the aftermath, more than a dozen Wall Street analysts upped their price targets on the carmaker.
Deutsche Bank AG is expanding its emerging market credit business. The German financial services giant has appointed two new executives in New York. The new hires will focus on trading emerging market credits.
Deutsche Bank is considering a significant minority stake in a Fosun International-controlled life insurance consolidator. The move could mark the German lender's return to the market, according to sources familiar with the matter. The German bank's potential investment comes at an opportune time for the life insurance sector in China, where consolidation is ongoing.
Inflation worries took a backseat this week as Starbucks reported strong sales growth. A Canadian fund recommended alternative currencies and gold as potential investments. Southern Copper also announced lower copper output but a focus on silver production.
From changes in municipal bond demand to new leadership in African mining, and from interest rate cuts to oil block offerings, various sectors are experiencing significant developments. Investors are reevaluating their strategies in response to these shifts. Meanwhile, banking and financial institutions are navigating legal challenges and policy changes.
Bloomberg Surveillance offers unparalleled access to key decision-makers. The team's extensive network reaches across various industries, providing a well-rounded perspective on the financial landscape. By speaking with policymakers and government officials, the Bloomberg Surveillance team offers unique insights into regulatory developments.
The US dollar reached a four-year low in early January 2026. Citi Research Global Chief Economist Nathan Sheets discussed the implications of this trend in an interview with Scarlet Fu on Bloomberg Markets. Sheets highlighted the uncertainty surrounding US economic policies under the new administration, and the possibility of Japan intervening to support the yen.
Loparex is reportedly looking to secure up to $1.5 billion in new debt from private credit firms to refinance its existing borrowings. The move comes nearly two years after the company completed a distressed exchange, which took place amid weak demand and high interest costs. The new debt is expected to carry a lower interest rate.
Data center operators are increasingly turning to diesel generators as reliable backup power sources. The demand for diesel fuel has been surging in the Northeastern US as temperatures plummet and power outages become more common.
Justin Kim is accused of sharing confidential takeover information with associates. These associates allegedly used this insider knowledge to make trades worth $41 million in illegal profits. The Securities and Exchange Commission and the U.S. Department of Justice have been investigating the case.
Explosion at Witwatersrand Water Treatment Plant leaves 11 million residents without water. South Africa's aging water infrastructure is a major concern. The National Water and Sanitation Minister, Senzeni Zokwana, promised immediate action.
Angola is considering a $1.7 billion bond issue. York Space Systems is pitching its Pentagon contracts for a proposed missile shield. The move reflects growing opportunities in Africa's capital markets.
Treasury Secretary Scott Bessent has downplayed speculation of a potential U.S. dollar sale in the foreign exchange market for Japanese yen. He reiterated the government's commitment to the strong-dollar policy. The strong- dollar policy has its roots in the Plaza Accord of 1985.
Starbucks reported a 4% increase in sales at established locations during the most recent quarter. The company also issued a favorable full-year outlook for fiscal 2026. Starbucks' ability to grow sales in the face of increasing competition and changing consumer preferences is a significant achievement.
The European Union is exploring new gas sources from Qatar and Canada to lessen its reliance on US liquefied natural gas. EU Energy Commissioner Kadri Simson stated that the EU is keen to diversify its LNG imports. Meanwhile, Apollo Commercial Real Estate Finance has sold its $9 billion loan portfolio to the insurance arm of its parent company, Apollo Global Management.
The S&P 500 Index breached the 7,000-point milestone for the first time on Wednesday. Investors cheered positive earnings reports from tech giants and optimistic forecasts for the US economy. Meanwhile, oil traders are wary of potential tensions between the US and Iran, which has led to a surge in demand for bullish call options.
A mix of positive and negative market trends has defined the week, with earnings growth expectations boosting the S&P 500, while the euro's rally and US mortgage rate increases pose challenges for the European Central Bank and the housing market. Teva Pharmaceuticals' disappointing revenue forecast also made headlines. Meanwhile, a surge in hybrid bond sales in Europe has raised concerns over investor risk appetite.
Bloomberg Opinion columnist Andrea Felsted says the pendulum is swinging back towards more formal wear. Felsted cites catwalk shows, social media, retailers, and sales data as evidence of this shift.
Freeport LNG considering rescheduling cargoes due to surge in heating demand. This adjustment comes following the plant's temporary reduction in operations due to harsh winter conditions. The extent of the rescheduled and its impact on the overall LNG market remain to be seen.
India and Canada are rekindling their diplomatic and economic ties. Energy and critical minerals are the cornerstone of their new trade agenda. Canada is the world's fourth-largest crude oil producer and a significant exporter of critical minerals. Latvia's national carrier, Air Baltic, is considering a sale of part of its business.
Gold prices have surged to new record highs in recent weeks, driven primarily by heightened geopolitical tensions and increased investor demand for safe-haven assets. James Steel, the chief precious metals analyst at HSBC, expects that gold will continue to experience volatility.
UK Labour Party leader Keir Starmer is set to visit China this week. It is his first trip outside Europe since taking office. The visit comes at a critical juncture in the UK's foreign policy. Starmer's visit is an opportunity to strengthen economic ties.