Victoria’s Secret model Jessica Stam has put her expansive Hawaii estate on the market for $4.99 million after she traded the hustle of New York for a beach paradise.
The struggles of the nascent private-capital market, weighed down by lending to software companies whose businesses are under attack from artificial intelligence, has captured the eye of the market and the news media.
A laden Japan-linked supertanker appears to be sailing through the Strait of Hormuz, in what may be the first attempt by an oil carrier from the country to leave the Persian Gulf since the Iran war began.
Investors including JPMorgan Asset Management, BlackRock Inc. and MFS Investment Management are buying shorter-term European government debt in an effort to lock in yields before they slip away.
BP said earnings jumped in the first quarter as spiraling energy prices and market turmoil triggered by the Iran war led to a surge in profits from its oil trading operation. Bloomberg’s Mitchell Ferman reports. (Source: Bloomberg)
Geoffrey Yu, senior market strategist at BNY, discusses the outlook for the energy sector and how it could impact Thursday’s interest-rate decision by the European Central Bank. “The last thing that the ECB should be thinking about, I think, is tightening rates,” he tells Bloomberg Television. (Source: Bloomberg)
SoftBank Group shares tumbled in Tokyo trade, suffering its worst single-day percentage loss in six months, after a published report that OpenAI missed several internal targets in the face of competition from rival artificial-intelligence labs.
Spain’s unemployment rate saw the biggest quarterly increase since the pandemic, in a rare setback for the euro area’s best-performing major economy.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.
On today’s show, the Bank of Japan has held its benchmark interest rate, but the shock split vote raises the chance of a hike in June. Three policymakers voted to raise rates, as risks mount from the war in Iran and surging energy prices. The Bank also raised its core inflation forecast for this fiscal year more than expected, to 2.8%.
The German Chancellor Friedrich Merz says the US is being ‘humiliated’ by Iran, as President Trump struggles to negotiate an end to the war.
And UK Prime Minister Keir Starmer is facing a possible investigation into whether he misled Parliament about the appointment of Peter Mandelson as US ambassador.
Today’s guest: Frédérique Carrier, RBC Wealth Management, Investment Strategy UK & Asia Head (Source: Bloomberg)
