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  • Feb 05, 2025

BlackRock to List Bitcoin Exchange-Traded Product in Europe

(Bloomberg) -- BlackRock Inc., the world’s largest asset manager, is preparing to list an exchange-traded product tied directly to Bitcoin in Europe, following on from the success of its $58 billion US ETF tracking the cryptocurrency.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC’s Newest Transit Leader Builds a Worker-Driven S

  • Feb 05, 2025

Kenya Delivers Half-Point Rate Cut to Boost Economic Growth

(Bloomberg) -- Kenya’s central bank cut the benchmark interest rate to an almost two-year low as benign inflation allowed it to prop up its stuttering economy.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategySan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisThe mo

  • Feb 05, 2025

Stock market today: Alphabet and AMD weigh on a mixed Wall Street following their profit reports

Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. Alphabet fell 8.8% even though Google’s parent company reported stronger profit for the latest quarter than analysts expected. Pressure is growing on Alphabet from Wall Street, and “investors will be asking what new products will be emerging to warrant the higher level of investment,” according to UBS analysts led by Stephen Ju.

  • Feb 05, 2025

Australia's Macquarie to wind down US debt capital markets arm, Bloomberg reports

Bloomberg said the move would impact roughly 80 jobs, with some of the affected employees transitioning to new roles, while others leaving the company. The change was communicated during a town hall meeting, the sources added, with Macquarie planning to sell positions it amassed through U.S. debt capital markets activities over the next two years. Macquarie, Australia's largest asset manager, generates revenue through infrastructure ownership, commodity trading in sectors like oil and gas, managing capital raisings for other companies, and offering home loans in its domestic market.

  • Feb 05, 2025

Macquarie Shuts US Debt Capital Markets in Private Credit Pivot

(Bloomberg) -- Macquarie Group Ltd. is shuttering its US debt capital markets arm, a business that includes leveraged loan origination, syndication and trading, to focus resources on private credit, according to people with knowledge of the matter.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC’s Newest Transit Leader Builds a W

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