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13.12.2024 15:59
Broadcom Predicts AI Sales Surge, Pushing Shares Higher Broadcom Inc. predicted a boom in demand for its artificial intelligence chips, saying sales of AI products will gain 65% in the fiscal first quarter during a post-earnings conference call. Tom Mackenzie reports on Bloomberg Television.

13.12.2024 16:29
Sauce Maker Haitian Is Said to Hire Banks for Hong Kong Listing Foshan Haitian Flavouring & Food Co., one of China’s biggest condiment makers, has hired China International Capital Corp., Goldman Sachs Group Inc. and Morgan Stanley to work on a second listing in Hong Kong that could raise at least $1.5 billion, according to people familiar with the situation.

13.12.2024 16:52
Ghana Cocoa Buyers Sidelined as Exporters Fill Funding Gap Ghana’s cocoa regulator’s growing dependence on top exporters to help finance bean purchases is leaving local buying companies marginalized and making the world’s No. 2 grower and global markets increasingly reliant on big foreign players.

13.12.2024 17:22
Africa Turns to Insurance as Climate Aid Falls Short African countries are buying parametric coverage to help with disaster recovery. But it doesn’t always pay out — and it’s no substitute for climate compensation from the rich world. Africa loses up to 15% of its gross domestic product per capita to climate shocks every year. Bloomberg Senior Reporter Antony Sguazzin joins Jennifer Zabasajja on Horizons Middle East and Africa to explain. (Source: Bloomberg)

13.12.2024 17:27
A 500% Rally Shows the Elon Musk Euphoria for Bold-Faced Fund From Wall Street funds to small-time day traders, those who dared to bet big on Elon Musk’s business empire are closing out the year with hefty payoffs, as Donald Trump’s US election win turbocharges the fortunes of the world’s richest man.

13.12.2024 18:32
Fed to Assume Extension of Trump Tax Cuts, Bill Dudley Bill Dudley, former New York Fed President, Bloomberg Opinion columnist, and Bloomberg Economics senior advisor, expects the Federal Reserve to make assumptions about the extension of the 2017 tax cuts. Dudley says that won’t be the case for President-elect Donald Trump’s tariffs or immigration policies as it’s “very uncertain about what those policies actually will be at this point.” His opinions are his own. (Source: Bloomberg)

13.12.2024 18:36
Elon Musk and DOGE vs. Regulators The billionaire has needled government agencies, armed with potential influence over their budgets. But some of these organizations are also looking into his interests.