Market News

"The problem for India goes beyond any one political figure." Amitav Ghosh tells Mishal Husain that India is struggling to find its role in the world amid continental competition from China, Russia and Iran. (Source: Bloomberg)

Why fossils are selling for millions to wealthy collectors.

Two years ago, Citadel’s Ken Griffin paid almost $45 million or a stegosaurus skeleton, making it the most expensive fossil ever sold at auction. So why are dinosaur bones joining the collections of millionaires instead of museums? How does the private market for fossils actually work? And how similar is it to the market for art and other antiquities? In this episode, we speak with Salomon Aaron, a director at London-based gallery David Aaron, where he is the gallery’s in-house broker for dinosa

Spirit Aviation Holdings Inc. is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald Trump fell through.

An India-linked supertanker laden with liquefied petroleum gas is attempting to transit the Strait of Hormuz, a rare crossing that underscores the country’s struggle to alleviate a historic energy crisis.

Barry speaks with Lawrence Calcano, chairman and CEO of iCapital about how he helped build the company into one of the globe's leading platforms for alternative investments for wealth managers, advisors, bankers and other financial professionals. (Source: Bloomberg)

This week, The Fed made its call this week, but Kevin Warsh may be about to change the institution itself. And, AI made coding easy for everyone, and that's the best and worst thing to happen to software engineering. Plus, can the same technology that unlocked oil and gas now unlock clean energy? Later, the city that was built by the mob is now betting its future on dayclubs, nightlife, and premium experiences. (Source: Bloomberg)

Columbia University’s credit outlook was revised to negative by Moody’s Ratings, which cited rising risks tied to the “federal environment for higher education.”

Lancôme Global Brand President Vania Lacascade discusses why longevity will be the next shift for the beauty industry, and how brands are tapping into the wellness boom. She talks with Romaine Bostick on "The Close." (Source: Bloomberg)

Specialty chemicals producer Archroma sweetened the terms on a junk loan deal to extend around $1 billion of debt, inching closer to completing a transaction that has faced multiple delays over the past month.

Investors in Bill Ackman’s new $5 billion closed-end fund ended the week with a small gain overall, once the value of the free shares they received in his asset management company is included.

Lenders are forcing Hollywood landlord Hackman Capital Partners, the largest independent studio and soundstage owner, to relinquish entertainment properties around Los Angeles as values plunge and demand stays soft.

Actor & Comedian Kevin Hart and Co-Founder of Gran Coramino James Morrisey discuss the growth of their tequila brand and the highly competitive celebrity-owned tequila space. They talk with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)

On today’s Big Take podcast, host Sarah Holder and Bloomberg reporter Vernon Silver go inside the world of casino-style games like Monopoly GO! and High 5 Casino to understand who’s profiting the most from their rise and the increased scrutiny on how they do business. (Source: Bloomberg)

Cerebras Systems Inc. is seeking to raise as much as $4 billion in its initial public offering, according to people familiar with the matter, as demand for the artificial intelligence chipmaker and data center operator’s shares heats up.

Boat retailer West Marine Inc. is laying the groundwork for a potential Chapter 11 bankruptcy to restructure its debt, including leases, according to people with knowledge of the matter.

Harbinger Sports Partners Founder Rashuan Williams discusses the 'explosion' and diversification of revenue by many sports franchises, and the switch to 'sports 2.0,' a new business model aimed at maximizing real estate surrounding sporting venues. He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)

Dan Sheridan, CEO of Brooks Running, said that his company is resonating with runners in China as the activewear brand grew over a 130% in the region. Sheridan said that while China remains a small percentage of Brooks' business, the 'everyone's a runner' positioning and multi-use clothing consumers can wear off the run is driving growth. Sheridan joined Bloomberg Businessweek from the floor of the Berkshire Hathaway shareholder conference in Omaha. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Wall Street is back in triumphant mode, with stocks at records, risk appetites refreshed — and alternative strategies that run on their own engine winning, too.