As the $69 billion deal between Microsoft Corp. and Activision Blizzard Inc. looks ever more likely to win approval in the UK, the gap between the video-game maker’s stock price and takeover offer is narrowing.
Treasuries rebounded and stocks struggled at the end of a jittery week that saw investors positioning for a higher-for-longer Federal Reserve stance.
Private credit lender Blue Owl Capital Inc. is working to open an office and hire a team in Abu Dhabi focused on capital raising, a move to help strengthen its relationship with wealth fund Mubadala Investment Co., according to a person with knowledge of the matter.
Giorgio Napolitano, the former Italian president and one-time communist who helped restore market confidence in the country’s finances in 2011 during Europe’s sovereign debt crisis, has died. He was 98.
The global market for novel weight-loss drugs like Novo Nordisk A/S’s Ozempic and Wegovy is poised to reach $100 billion by 2035 as patients start to understand the efficacy of the medications.
While a rainy day prompted the Italian luxury brand to switch its runway venue at last minute, VIPs in attendance included Kendall Jenner, Julia Roberts and Ryan Gosling.
Oil eased off yearly highs, capping a tumultuous week that saw the Federal Reserve flagging a further rate hike and Russia banning diesel exports.
(Bloomberg) — Two Federal Reserve officials said at least one more interest-rate hike is possible and that borrowing costs may need to stay higher for longer for the US central bank to ease inflation back to its 2% target.
Blue Owl Capital Inc. formally kicked off fundraising for its sixth fund to invest in private equity firms with a sweetener for early investors to help navigate a challenging fundraising environment, according to people with knowledge of the matter.
Chelsea FC has raised £500 million ($612 million) of subordinated debt from US direct lending giant Ares Management Corp., according to people with knowledge of the situation.
