Business

Harvard Fund Discloses $2.2 Billion Stake in Musk’s SpaceX

Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company. Janet Lorin, Bloomberg News Higher Education Reporter, discusses…

Cantor Becomes To Offer Access To Prediction Market Kalshi

Cantor Fitzgerald & Co. is giving Wall Street clients access to Kalshi’s prediction markets, in the latest push by the event bets exchange to encourage more institutional involvement in the burgeoning asset class.

Ex-FTX, Alameda Executives Get 5-Year Trading Bans in CFTC Case

FTX co-founder Gary Wang and former Alameda Research Chief Executive Officer Caroline Ellison avoided financial penalties under a settlement with the US derivatives regulator over their roles at the collapsed cryptocurrency exchange.

Jim Cramer says buy Target on any pullback as turnaround takes hold

Wall Street cheered improving financial metrics across the board in its latest earnings results.

Bessent Deploys Debt Buybacks in Sign of Concern Over Yield Rise

US Treasury Secretary Scott Bessent made a fresh attempt to rein-in long-term borrowing costs from multi-year highs, sending Treasury yields and the dollar down. Ira Jersey, Chief US Interest Rates Strategist for Bloomberg Intelligence…

Indian fintech Navi to raise $100 million ahead of planned IPO

Putin pledges help for Wildberries warehouses hit by Ukraine

Kyiv’s drones have partly or completely destroyed seven warehouses of Russia’s largest online retailer

Moderna Surges on Cancer Vaccine; Estee Lauder Rallies on Earnings | Stock Movers

On this episode of Stock Movers: - Shares of Moderna (MRNA) surged by a record 101% - the stock’s biggest intraday gain on record - after the biotech said a personalized cancer vaccine combined with partner Merck & Co.’s Keytruda helped…

Zuckerberg lied about concern for child safety, Meta whistleblower testifies at landmark trial

Arturo Béjar, former Meta safety engineer, tells jury tech company was aware of products’ potential harm to children Meta has taken a “don’t ask, don’t tell” strategy when it comes to the safety of children on its social media platforms…

Bloomberg Surveillance 8/19/2026

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)

Ken Fisher’s Firm Seen Behind $4 Billion Contrarian Bond Trade

Billionaire Ken Fisher’s eponymous firm appears to be betting that the longest-dated US bonds will rally, a contrarian stance that seeks to capitalize on yields close to their highest in two decades.

Defense-Tech Firm Lyntris Shares Plunge 11% After Downsized IPO

Lyntris Inc. shares fell 11% in its trading debut, after the company and some of its shareholders raised $297.5 million in a downsized initial public offering.