Bloomberg Business

Blackstone Inc.’s ambitions to raise as much as $30 billion for a record-breaking buyout fund have crashed headlong into a new reality.

Equity bulls limped into 2023 with positions trimmed, hedges firmed and much bubble excess in the rearview. They also came in with an unusually big chunk of their long-term gains intact, and are watching those spiral back up in a January rally that has defied most predictions.

Tesla Inc.’s biggest weekly rally since 2013 is offering investors a glimmer of hope that the worst may finally be over for Elon Musk’s electric-vehicle maker after a disastrous 2022.

Bulls approached and quickly withdrew from oil’s 100-day moving average, driving crude to its first weekly loss since the start of the year.

Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer at the end of March, adding to investor concern over the government’s aversion toward fossil fuels.

Australian pollster tells Tory cabinet that voters don’t feel strong attraction to Labour and election is winnable if they can address the country’s problems

Brazil’s President Luiz Inacio Lula da Silva and governors are discussing a solution for an abrupt decline in state governments’ revenue, following a series of tax breaks spearheaded by the previous administration to ease inflation pressures.

Gemini Trust, the crypto exchange run by the Winklevoss brothers, hired a fintech veteran as new head of finance even as it undergoes another round of layoffs and deals with uncertainty over whether users of its Earn program will get their money back.

Hong Kong’s benchmark equity index may jump to the highest level since early 2021, after investors are back in force following the Lunar New Year holidays, according to long-time market veteran Hao Hong.