Treasury Euphoria Dwindles After Hot Economic Data: Markets Wrap
The rally in bonds and stocks hit a wall Friday, with strong economic data reinforcing the view that it may be too early for the Federal Reserve to claim victory over inflation.
Bloomberg Business
Long Island Architect Charged With Three Gilgo Beach Murders
A Long Island architect was arrested and charged with the murders of three women more than a decade after the bodies were discovered on a South Shore beach.
Pfizer’s $43 Billion Seagen Takeover Faces FTC Scrutiny
Pfizer Inc.’s proposed $43 billion takeover of Seagen Inc. will undergo an in-depth antitrust review by the Federal Trade Commission.
California Shows Off New $25 Million Carbon Capture Technology Project
A $25 million project at a Calpine Corp. power plant near San Francisco will test a technology that could capture 95% of a plant’s carbon emissions, a process California officials say is critical to the state’s climate fight.
JPMorgan Should Pay $190 Million Over Epstein Ties, US Virgin Islands Says
The US Virgin Islands said it was seeking at least $190 million from JPMorgan Chase & Co. in its lawsuit accusing the bank of enabling Jeffrey Epstein’s sex-trafficking.
Crypto Altcoins Outperform as Ripple Court Ruling Spurs FOMO
Smaller, lesser-known digital tokens such as Solana and Avalanche outperformed Bitcoin this week after a federal court decision in a case involving Ripple Labs Inc. fuels a “fear of missing out” impulse among cryptocurrency proponents.
Elon Musk Is Rooting for ‘Safe’ Superintelligence at Startup xAI
Elon Musk’s new startup is “definitely in competition” with OpenAI, the billionaire said on Friday during a discussion on Twitter Spaces. Musk’s artificial intelligence company, xAI, is his latest salvo against OpenAI, currently the buzziest and best-funded player in the fast-growing industry.
Biden Administration to Forgive $39 Billion in Student Debt
The US Department of Education will forgive $39 billion in student debt by updating a technical requirement under a long-existing program.
US Lawmakers Are Wary of Threads But About Half Have Signed Up
Hundreds of lawmakers have been quick to sign up for Meta CEO Mark Zuckerberg’s new app Threads, the world’s fastest-growing social media network and potential threat to Twitter.
Thoma Bravo, ForgeRock Met DOJ Antitrust Officials
Executives and lawyers of private equity firm Thoma Bravo LLC and ForgeRock Inc. met with top Justice Department antitrust officials Friday in an effort to persuade them not to block their proposed $2.3 billion deal, according to people familiar with the meeting.
