(Bloomberg) -- Brevan Howard Asset Management returned 5.1% in September, its best monthly return since 2022, as the Federal Reserve cut interest rates more than some traders expected. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After H
Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round
Bitcoin protocol Babylon will complete is second staking round at around 18:30 UTC (2:30 p.m. ET) on Tuesday. The staking round is "duration-based," meaning it will be last for 10 Bitcoin blocks, lasting around one hour and 40 minutes, assuming an average block time of 10 minutes. Babylon, a Bitcoin protocol which completed a staking round capped at 1,000 BTC ($62.4 million) in August, will open for business again on Tuesday with a new "duration-based" round.
Ares’ deVeer Sees Fed Rate Cuts Catalyzing Future Deal Flows
(Bloomberg) -- While the Federal Reserve’s rate cuts may soften returns in all of floating-rate credit, the easing cycle will nonetheless be a catalyst for deals, said Kipp deVeer, head of the credit group at Ares Management Corp.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by Sch
Iran Is Still Shipping Crude Oil From Key Kharg Island Terminal
(Bloomberg) -- Iran is still exporting crude from its main Kharg Island terminal even after a flotilla of tankers fled nearby waters where they’d normally wait their turn to collect cargoes. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned A
Crypto advocates challenge Elizabeth Warren's stance on digital currency
The future of finance hangs in the balance as crypto proponents debate traditional institutions' resistance, spotlighting issues of control and transparency.
Smaller US trade deficit supports strong economic growth estimates for third quarter
WASHINGTON (Reuters) -The U.S. trade deficit narrowed sharply in August as exports increased to a record high, suggesting trade could have little or no impact on economic growth in the third quarter. The economy's strength likely has no impact on expectations that the Federal Reserve will cut interest rates again next month. Economists at Goldman Sachs maintained their forecast for gross domestic product to rise at a 3.2% annualized rate in the July-September quarter after the trade data.
Bitcoin creator Satoshi Nakamoto unmasked: Will HBO reveal who really made the cryptocurrency?
HBO’s (WBD) latest documentary, “Money Electric: The Bitcoin Mystery,” premiering Tuesday, promises to delve into one of the greatest enigmas of the digital age: the identity of Bitcoin’s elusive creator, believed to be among the richest and most enigmatic individuals on the planet.
Chile Inflation Undershoots Forecasts Before Rate Decision
(Bloomberg) -- Chile’s consumer prices rose less than forecast last month, providing the central bank with some good news as policymakers signal they will cut the interest rate again next week.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?Chicago’s $1 Billion Budget Hole Ex
FirstRand Turns More Bullish on South Africa’s Economy, Rand
(Bloomberg) -- FirstRand Ltd. has turned more bullish on South Africa’s economy, and now sees a greater chance of economic growth accelerating to 2% and the rand strengthening to below 16 per dollar next year.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Bru
Morning Bid: Stocks stall, Hang Seng decimated, oil ebbs
World markets painted a messy picture on Tuesday, with recently pumped-up crude oil prices retreating sharply and disappointment surrounding China's economic stimulus already setting in - knocking Hong Kong shares back almost 10%. The return of mainland Chinese markets after a week's holiday there did see the CSI300 index play catch-up with another jump of about 6%. Chinese officials said they were fully confident of achieving this year's 5% GDP growth target.