Berkshire’s New Boss Goes All In on Housing
Berkshire Hathaway, now led by newly appointed CEO Greg Abel, announced a $6.8 billion acquisition of a U.S. homebuilder, marking the conglomerate’s first major entry into residential construction. Warren Buffett gave his explicit approval, signaling confidence in the strategic shift. Abel said the purchase aligns with Berkshire’s focus on stable, long‑term cash flows and demographic trends favoring housing demand. The deal is slated to close later this year, expanding Berkshire’s portfolio beyond its traditional insurance and energy holdings.
Report: Iran Halts US Exchanges, Putin Warned on Spending, More
Bloomberg’s latest News Now episode reports that Iran has suspended all dollar‑denominated exchanges with U.S. banks, tightening its financial isolation amid renewed sanctions pressure. The segment also notes a Kremlin warning that Russia’s war‑time budget is approaching its limits, with...
Mexico’s Fibra MTY to Buy Fibra Macquarie in $1.7 Billion Deal
Mexican REIT Fibra MTY announced a $1.7 billion acquisition of rival Fibra Macquarie after securing approval from more than 80% of the target’s shareholders. The tender offer, valued on the shares that accepted the deal, positions Fibra MTY as the largest real‑estate...
A Tight CFO Market Is Driving More Companies to Interim Finance Chiefs
Interim CFOs accounted for 12% of new finance chief appointments in the first quarter, double the share from a year earlier. The rise reflects a tightening CFO talent pool as companies grapple with unexpected departures and protracted executive searches. Boards...
NJ Transit Resumes Service With Delays After Another Fire
New Jersey Transit restored system‑wide train service on Sunday after a small fire disrupted operations at its Kearny Rail Operations Center. The incident caused delays of up to an hour across the network, according to the agency’s X post. NJ...
US Soldiers Hurt in Iran Strike, WH Weighs Ceasefire Extension
U.S. forces reported injuries after an Iranian missile strike hit a forward operating base in eastern Iraq, wounding two soldiers and prompting a medical evacuation. The White House, citing escalating regional tensions, is considering extending the current cease‑fire between Israel...
A Canadian Recession? We’re Not There Yet, Economist Says
Canada’s economy slipped into a technical recession after two consecutive quarters of modest GDP contraction. Economists caution that the slowdown is shallow, noting a still‑tight labor market and steady consumer confidence. The Bank of Canada is expected to hold interest...
Bloomberg Businessweek Daily: Big SpaceX Contract (Podcast)
SpaceX has been awarded a $4.16 billion contract from the U.S. Space Force to build a constellation of satellites that will track foreign aircraft and missiles as part of the Pentagon’s Golden Dome defensive shield. The system will fuse space‑based sensors,...
Quantinuum Said to Weigh Boosting IPO Size and Price Range
Quantinuum, the Honeywell‑backed quantum‑computing firm, is weighing a larger IPO. Sources say the company may increase both the number of shares and the price range by roughly 10 percent. The adjustment could lift the proceeds by several hundred million dollars....
Hedge Funds Are Bearish on Natural Gas for First Time Since 2024
Hedge funds turned bearish on U.S. natural gas for the first time since 2024, citing abundant domestic supplies and waning export demand. In the week ending May 26, managers shifted to a net‑short of 11,316 Henry Hub contracts, reversing a prior...
Delfin Is Close to Proceeding With First US Floating LNG Project
Delfin Midstream Inc. is on the verge of approving the United States' first floating liquefied natural gas export facility. The $4.3 billion Delfin LNG project is expected to secure financing for its initial phase within days. Once funded, construction will begin...
EM Lens: Dispersion Creates Cleaner Entry Points in EM Debt
Emerging‑market (EM) debt is showing increasing dispersion as external balances, policy flexibility, and proximity to the Iran‑related conflict diverge across countries. BlackRock’s EM fixed‑income manager Pablo Goldberg and Bloomberg Intelligence’s Damian Sassower discuss how attractive real yields and resilient fundamentals...
SpaceX Investor Powerlaw to Debut on Nasdaq as IPO Race Heats Up
Powerlaw Corp., a closed‑end fund that owns stakes in Elon Musk’s SpaceX and AI leader OpenAI, is set to debut on Nasdaq without raising new capital. The fund will list Wednesday, with 20% of its 43.24 million shares immediately tradable and...
EU-China Trade Tensions Spiral, Stocks Rally on AI Boom, More
Bloomberg reported that escalating trade tensions between the European Union and China have intensified, with the EU announcing provisional anti‑dumping duties on Chinese solar panels and automotive parts. The dispute has prompted a short‑term slowdown in EU‑China supply‑chain activity, while...
Bloomberg Daybreak Europe: US Strikes Iran Targets (Podcast)
U.S. and Israeli jets launched strikes on Iranian vessels in the Strait of Hormuz shortly after President Donald Trump signaled progress on an interim nuclear deal with Tehran. Israel’s Prime Minister Benjamin Netanyahu announced an escalation of attacks against Hezbollah...