Bloomberg com news
Here are the latest news articles from Bloomberg.com:
Top Stories
- U.S. Stocks Fall as Tech Shares Drop, Treasury Yields Rise: The S&P 500 Index fell 0.5% as technology shares led the decline, while the yield on the 10-year Treasury note rose to 1.63%.
- China's Xi Jinping to Meet With Biden at G-20 Summit: The meeting between the two leaders is expected to focus on trade, climate change, and other global issues.
- Elon Musk's SpaceX Raises $1.9 Billion in Funding: The funding round values SpaceX at around $360 billion, making it one of the most valuable privately held companies in the world.
Business
- Amazon to Acquire MGM Studios for $8.45 Billion: The deal will give Amazon control of the iconic film studio and its vast library of movies and TV shows.
- Goldman Sachs to Pay $3.2 Billion to Settle 1MDB Lawsuit: The bank has agreed to pay the settlement to resolve allegations that it helped facilitate the looting of the Malaysian state investment fund.
- Coca-Cola to Acquire Costa Coffee for $5.1 Billion: The deal will give Coca-Cola control of the UK-based coffee chain and its global operations.
Markets
- Oil Prices Rise as OPEC+ Agrees to Cut Production: The cartel agreed to reduce output by 1 million barrels per day to support prices and balance the global market.
- Dollar Strengthens as Investors Seek Safe-Haven Assets: The dollar index rose 0.4% as investors sought refuge in the currency amid global market volatility.
- European Stocks Fall as Tech Shares Decline: The Stoxx Europe 600 Index fell 0.5% as technology shares led the decline, while the euro weakened against the dollar.
Politics
- Biden to Meet With Xi Jinping at G-20 Summit: The meeting between the two leaders is expected to focus on trade, climate change, and other global issues.
- U.S. Senate Passes Bill to Boost Semiconductor Production: The bill aims to increase domestic production of semiconductors and reduce reliance on foreign suppliers.
- UK's Johnson to Meet With EU's von der Leyen to Discuss Brexit: The meeting between the two leaders is expected to focus on the UK's withdrawal from the EU and the future of their relationship.
These are just a few of the latest news articles from Bloomberg.com. You can visit the website for more in-depth coverage of business, finance, and politics.