How Allyson Felix Used a Nike Snub to Build a Shoe Empire
On this episode of the Bloomberg Originals series Power Players, the US track and field star explains how she won her final medal in shoes she designed.
Bloomberg Business
Meta Expands Generative AI Tools to Boost Effectiveness of Ads
Meta Platforms Inc. is rolling out new generative AI tools for all advertisers, expanding on an earlier test of the features that let marketers create images and text more quickly.
World Bank Laments Africa’s Lost Decade as Economic Growth Slows
Africa’s economic growth is being held back by regional powerhouses South Africa and Nigeria, adding to challenges alongside crippling debt costs and a recent spate of coups.
Saudi Crown Prince’s UK Visit Set to Be Later Than Expected
Saudi Arabian Crown Prince Mohammed Bin Salman’s planned visit to meet Prime Minister Rishi Sunak in the UK is unlikely to occur for the next few months, later than initially expected, according to people familiar with the matter.
Standard BioTools to Combine with SomaLogic in $1 Billion Merger
Standard BioTools Inc. and SomaLogic Inc. have agreed to merge in an all-stock deal to combine suppliers of tools to the medical research and drug development industry.
US Firms Added 89,000 Jobs, Fewest Since Early 2021 in ADP Data
US companies added the fewest number of jobs since the start of 2021 in September and pay growth slowed, pointing to a weakening in labor demand in several industries.
Canadian TV-Star Romanow’s Clearco Lands Over $100 Million for Turnaround
Clear Finance Technology Corp., the lender co-founded by Canadian television personality Michele Romanow, secured a new round of funding, giving it room to mount a potential turnaround after a slowdown in the tech-startup industry battered its business.
Russia Says Thwarted Drones Over Regions Bordering Ukraine
Russia said it repelled Ukrainian drone attacks against three western regions, while also thwarting an attempted landing in Crimea.
Here’s Why a 5% US Yield Would Stress Out Global Markets
As global financial markets grapple with the possibility of 5% benchmark Treasury yields, the question on investors’ minds: how much worse could it get?
ECB’s Guindos Still Sees Substantial Transmission to Economy
(Bloomberg) — A large portion of the European Central Bank’s unprecedented campaign of interest-rate hikes has yet to be felt in the economy and will only filter through this year and beyond, according to Vice President Luis de Guindos.
