Bloomberg News

Bloomberg News

January 26, 2023 | Daily Business Review

We Asked ChatGPT to Make a Market-Beating ETF. Here's What Happened

We challenged ChatGPT, the artificial intelligence tool that's taking the internet by storm, to create us a winning portfolio for the U.S. stock market.

By Sam Potter and Katie Greifeld, Bloomberg News

7 minute read

January 25, 2023 | Daily Business Review

Five Key Things to Watch in Tesla's Earnings Report

Analysts expect adjusted earnings of $1.12 a share on revenue of $24 billion, according to estimates compiled by Bloomberg. There's been a decrease in analysts' consensus for both profit and revenue since Tesla disclosed delivery figures on Jan. 2.

By Dana Hull and Esha Dey, Bloomberg News.

5 minute read

January 25, 2023 | Daily Business Review

UK Parliament Seeks Power to Scrutinize Finance Regulators

Britain's financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from members of the House of Lords.

By Katherine Griffiths, Bloomberg News

3 minute read

January 09, 2023 | Daily Business Review

China Readies for Reopening With Huge Quota for Crude Imports

China's oil demand is forecast to register meaningful growth from the second quarter as COVID infections begin to wane in bigger cities and as mobility returns to normal levels.

By Bloomberg News

2 minute read

December 30, 2022 | Daily Business Review

Russia to Export Large Diesel Amounts Before EU Sanctions

A forthcoming European Union ban on diesel imports from Russia has the potential to be even more disruptive than a prohibition on almost all seaborne crude purchases that started in early December.

By Bloomberg News

2 minute read

December 21, 2022 | Daily Business Review

Wells Fargo to Pay $3.7 Billion for Mistreating Customers

Wells Fargo & Co. agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating…

By Hannah Levitt / Bloomberg News

2 minute read

December 16, 2022 | Daily Business Review

Global Recession Risks Rise as Central Banks Raise Rates

Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.

By Rich Miller, Jana Randow and Philip Aldrick, Bloomberg News.

6 minute read

December 14, 2022 | Daily Business Review

China Asks Banks to Buy Bonds Via Prop Desks After Market Slump

A wave of fund redemptions by retail investors has fueled China's biggest credit sell-off since 2015.

By Bloomberg News

2 minute read

December 12, 2022 | Daily Business Review

US Futures Rise With Central-Bank Moves in Focus

U.S. equity-index futures advanced at the start of a pivotal week for monetary-policy decisions from the Federal Reserve, European Central Bank and a host of their peers.

By Srinivasan Sivabalan and Tassia Sipahutar, Bloomberg News.

3 minute read

December 08, 2022 | Daily Business Review

A €500 Billion European Bond Spree Is Looking for New Buyers

As winter approaches, governments across Europe have been frantically drafting aid programs to protect their citizens from the surge in energy costs triggered by Russian President Vladimir Putin's invasion of Ukraine. There are electricity price caps in France, gasoline discounts in Italy and heating-bill subsidies in Germany.

By Alice Gledhill, Bloomberg News.

6 minute read