Latest News

Morning Money

Buy America, Build When?

Jul 1 2026
Lawmakers and regulators are under pressure to remove red tape constraining affordable housing construction, while maintaining Trump’s promise to bring manufacturing back to the states.

‘Wholly owned subsidiaries of the West Wing’

Jun 30 2026
The Supreme Court’s 6-3 decision to uphold Trump’s removal of FTC member Rebecca Slaughter wiped out any semblance of independence that corporate watchdogs were still clinging to.

Classic Gavin

Jun 29 2026
Democratic presidential hopefuls are under pressure to present the public with big ideas on how they’ll address affordability and economic inequality in the post-Trump era.

Trump’s rate dreams, deferred

Jun 25 2026
What a difference a war makes.

The housing bill’s political closing costs

Jun 24 2026
The bill’s passage comes as both parties enter a critical stretch ahead of the elections, where affordability has been a top issue for voters.

Can the White House’s crypto guru cut a deal?

Jun 23 2026
Patrick Witt’s task is perhaps the most politically awkward in all of Washington.

Hearts and minds and AI

Jun 22 2026
Building a new data center used to be a fairly straightforward proposition.

Kevin Warsh doesn’t want the Fed to hold your hand anymore

Jun 18 2026
Wall Street spent eight years hanging on the words of Federal Reserve Chair Jerome Powell. His successor isn’t giving investors much to work with.

Business – South China Morning Post

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Jul 2 2026
Assets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and…

Clogged pipeline: Many Hong Kong IPO hopefuls near application expiration

Jul 2 2026
A large number of mainland Chinese companies hoping to list shares on the Hong Kong stock exchange are anxiously waiting for a nod from the mainland securities regulator, with many now at risk of having their listing applications lapse. More than 430 companies were currently waiting in the initial public offering (IPO) pipeline, according to data from bourse operator Hong Kong Exchanges and Clearing (HKEX). More than 30, including mainland supermarket chain Qiandama and EVE Energy, a…

New technologies power China’s Tesla challengers to monthly sales records

Jul 2 2026
Chinese Tesla challengers Leapmotor and Zeekr, banking on their latest battery and self-driving technologies, bucked a downward trend in domestic electric vehicle sales with record deliveries last month, ratcheting up pressure on the US carmaker amid weak consumer sentiment towards big-ticket items. Stellantis-backed Leapmotor delivered 93,376 electric vehicles (EVs) last month, up 94.5 per cent year on year, as it rewrote its sales record for a second consecutive month. Zeekr, a premium EV unit…

China’s AI-defined vehicles make smart motoring human-centred

Jul 2 2026
How does an electric vehicle (EV) stand out in China’s ultra-competitive market when batteries, behaviours and functions are so similar? Through its intelligence: how well is this robot on wheels going to get to know you, adapt to your habits and moods and anticipate your needs? Welcome to the era of the artificial-intelligence-defined vehicle (AIDV). How did we get here? Until a few years ago, the car you drove away from the showroom was the finished product. Then came the software-defined…

From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so far

Jul 2 2026
Hong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US$26.4 billion. Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer staples. Below are the five largest deals: 1. Victory Giant Technology, US$2.73 billion The…

PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fine

Jul 2 2026
The operator of budget online marketplaces Temu and Pinduoduo is ramping up its commitment in a state-backed development zone – dubbed a “city of the future” in official discourse – months after the e-commerce group was hit by the heaviest penalty in a record food-safety crackdown and accused by regulators of obstructing enforcement. PDD Holdings had more than 600 employees at its unit in the Xiongan New Area by the end of June, making it the development zone’s largest privately owned internet…

China’s tax crackdown shakes A-share and Hong Kong-listed firms with major payouts

Jul 2 2026
China’s anti-tax evasion campaign is sweeping across the A-share and Hong Kong stock markets, with at least 80 listed firms already having been ordered to pay back corporate income taxes and late fees to local authorities. The number of listed companies involved in the first half of the year is likely to soon surpass the total of 89 for full-year 2025, raising concerns that Beijing’s taxation drive could be extended amid local debt black holes, which would threaten corporate earnings, cash flows…

Can Hong Kong absorb US$100 billion of newly tradable shares amid the global AI boom?

Jul 2 2026
Hong Kong stocks have trailed other major global markets in the first half of the year, a trend analysts said could persist as sluggish consumer spending weighs on Chinese internet platforms and an entrenched AI trade risks widening the performance gap. A glut of stocks from the expiry of IPO lock-up periods could pose a further threat this quarter, prompting the city’s exchange to respond quickly with countervailing measures. These included lowering trading barriers for individual investors, a…

Bloomberg Markets

Morgan Stanley Among Banks Challenging Growing Dollar Optimism

Jul 2 2026
Currency strategists at Credit Agricole, Morgan Stanley and TD Securities are among those bucking the consensus call for a stronger dollar.

Prasad: Oil Flow is Up But Market Uncertainty Remains

Jul 2 2026
Oil extended its drop for a third day, as flows through the Strait of Hormuz climbed. Aathira Prasad, Director of Macroeconomics at Nasser Saidi & Associates, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the oil supply and prices for the rest of 2026. (Source: Bloomberg)

Yen’s Sharp Gain Unlikely a Market Movement, Natixis Says

Jul 2 2026
Alicia Garcia Herrero, chief APAC economist at Natixis, says that Japan may already have intervened in currency markets after the yen strengthened sharply against the dollar on Thursday. “Nobody said so, but I would argue that that correction can’t happen if everybody’s reading your screens thinking that US data will be strong,” Garcia Herrero tells Bloomberg Television. The abrupt move came as traders await US jobs figures later Thursday, which have the potential to move the dollar-yen currency pair. (Source: Bloomberg)

SBI Funds’ $1.2 Billion India IPO Launch in July to Test Demand

Jul 2 2026
SBI Funds Management Ltd. is set to launch its initial public offering, which could raise up to $1.2 billion, in the week starting July 13, according to people familiar with the matter, testing investor demand ahead of a busy pipeline of billion-dollar listings in India.

What Dan Wang Saw on His Last Trip to China

Jul 2 2026

China’s great economic contradiction.

Japan Retail Investors Bought Record Stocks Last Week in Selloff

Jul 2 2026
Japan’s retail investors purchased a record amount of local shares last week, when a tech selloff sent equity gauges plunging.

Quantum Systems More Than Doubles Valuation to $8 Billion

Jul 2 2026
Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup’s valuation to about $8 billion post-money, in the latest example of investors’ enthusiasm for defense-related bets.

Switzerland’s Inflation Slows for First Time in Eight Months

Jul 2 2026
Swiss inflation slowed in June for the first time in eight months, suggesting the impact of lower oil costs are feeding through to the domestic economy.

Bloomberg Technology

SpaceX Analyst Debut Set to Test $2.2 Trillion Valuation

Jul 2 2026
Investors in SpaceX have been largely flying blind since the company’s record-breaking IPO last month, with few financial projections to help determine what the stock is actually worth.

SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push

Jul 2 2026
SAP SE said it will cut back hiring and travel to save costs as Europe’s largest software company devotes more resources to developing artificial intelligence technologies and fending off new competitors.

Google Loses EU Top Court Fight Over €4.1 Billion Android Fine

Jul 2 2026
Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the US giant for abusing Android’s market power.

SoftBank Plans AI Cloud Services in US to Tap Surging Demand

Jul 2 2026
SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year in a bid to capitalize on the company’s growing pipeline of data center projects.

Leveraged ETF Tied to SK Hynix Is Whipsawing Markets

Jul 2 2026
Analysts say the emergence of a leveraged exchange-traded fund tied to semiconductor firm SK Hynix has grown so large, so fast, that it is magnifying swings in both the stock and South Korea’s entire Kospi index. Bloomberg’s Charlotte Yang reports. (Source: Bloomberg)

Lombard Odier Urges Tech Exposure ‘At the Market Weight’

Jul 2 2026
Lombard Odier’s EMEA CIO Nannette Hechler-Fayd’Herbe discusses the outlook for tech stocks, volatility and where she sees opportunities beyond artificial intelligence and semiconductors. She speaks on Bloomberg Television. (Source: Bloomberg)

Kospi Falls as Chip Selloff Spreads

Jul 2 2026
Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far. Bloomberg’s Anthony Stephens reports. (Source: Bloomberg)

Horizons Middle East & Africa 7/2/2026

Jul 2 2026
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)

Bloomberg Wealth

The UK Stock Market Continues to Lose Companies

Jul 1 2026
M&A activity is heating up, even as the IPO pipeline remains fragile.

Should You Worry About the Weak Japanese Yen?

Jun 30 2026
Sudden reversals in the Japanese yen can cause market ructions. Is that on the cards this time?