Business

S&P 500 Poised for Another Record as AI Spending Narrative Holds

Futures climbed on Wednesday as the latest batch of earnings pointed to strong demand for, and spending on, artificial intelligence. SpaceX reported higher-than-expected AI-related outlays, which overshadowed results that broadly beat…

Global Payments cuts annual forecasts as Middle East conflict hits travel spending

Trump Borrows From Democrats’ Playbook With Attack on High Gas Prices

President’s criticisms of Big Oil echo the strategy used by his predecessor.

Indonesia eyes near 6 percent economic growth in H2 2026

Finance Minister Purbaya Yudhi Sadewa expressed optimism, Wednesday, that Indonesia's economic growth could reach ...

AI Focus Created Market Complacency: McLennan

Matt McLennan, First Eagle Investments Head of Global Value Team, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the market complacency created by a high concentration in AI. (Source: Bloomberg)

Trump says deal to reopen the Strait of Hormuz could come imminently

Oil prices initially eased on hopes of a deal that would allow shipping to resume but later inched upward.

Europe and the eternal north-south rift

On defence, the two sides of the continent increasingly inhabit different worlds

Google Loses Bid to Block UK Class Action Over Search Ads

Alphabet Inc.’s Google must face a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead.

OpenAI, Anthropic Model Tests Reveal More ‘Unsanctioned’ Actions

Artificial intelligence models developed by OpenAI and Anthropic PBC carried out “unsanctioned” actions — including hacking a website and attempting to inject harmful code into software during safety testing — reinforcing fears that…

Kenya: IEBC Appoints Ruth Kulundu Acting CEO As Search for Substantive Office Holder Enters Final Phase

[Capital FM] Nairobi -- The Independent Electoral and Boundaries Commission (IEBC) has appointed Deputy Commission Secretary in charge of Operations Ruth Kulundu as its Acting Chief Executive Officer and Commission Secretary following the…

US dollar to retain strength, yen intervention no game changer: Reuters poll

Walt Disney’s stock climbs as company cites ‘Toy Story 5’ for earnings growth

Walt Disney’s stock, which has been struggling all year, rallied on Wednesday as the entertainment giant reported surprisingly strong earnings.