Business

Costa Rica Illicit Trade Hits US$3.6 Billion, Crime’s Top Funding Source

Illicit trade in Costa Rica reached 1.6 trillion colones — about US$3.6 billion — and is organised crime's main financing source, the Chamber of Commerce estimates. The post Costa Rica Illicit Trade Hits US$3.6 Billion, Crime’s Top Funding…

Sentiment turns positive among big Japanese firms in July-September

Stronger semiconductor-related demand and more customers at hotels and restaurants were reported in the business survey conducted by the government.

Elliott veteran to lead Citadel’s international equities business

Ken Griffin’s hedge fund combines divisions as it seeks to deploy more firepower outside US

Banxico Sets December Deadline for New App Transfer Rules Across Mexico

Banxico's Circulars 9/2026 and 10/2026 force every Mexican bank to standardize app-based transfers by December 14, 2026 — with phone numbers as account identifiers and user-set transfer limits already in force. The post Banxico Sets…

OpenAI Weighs Slowing Cutting-Edge AI Development (Video)

Bridgewater's Greg Jensen on AI and the Risk to Humans

Greg Jensen likens this moment to February 2020.

Would a $20 minimum wage in Quebec actually be a 'big blow' to the economy?

Québec Solidaire is pitching a $20 minimum wage to help bring relief to low-income workers, but Coalition Avenir Québec Leader Christine Fréchette said hiking the rate too quickly would have a detrimental ripple effect. Others aren't so…

Odd Lots: Bridgewater’s Jensen on AI’s Extinction Risk (Podcast)

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the hedge fund’s AI strategy. As an early adopter of the technology, he…

IEA Warns Oil Demand May Have to Fall Further as Iran War Drags

The International Energy Agency cut its forecast for oil demand and said consumption may have to decline further in the coming months as the Iran war drags on and consumers are forced to adjust to lower supply.

Bridgewater’s Jensen Says AI Will Kill People Before It’s Curbed

Greg Jensen, the co-chief investment officer of one of the world’s largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg’s Odd Lots podcast.

Ukraine Strikes Degrade Russian Oil-Refining Industry, IEA Says

Russia’s oil-processing is being degraded as sanctions prevent the refining industry from recovering from more intense and precise Ukrainian drone strikes, according to the International Energy Agency.

Oil Price Move Matters More Than CPI: 3-Minutes MLIV

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)