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CAP

Stocks Rise as Bets Fed Will Cut Rates Sink Dollar: Markets Wrap

A slew of economic data did little to alter bets the Federal Reserve will cut rates in its final policy meeting of 2025, driving US stocks higher as the dollar fell against all major currencies.

A slew of economic data did little to alter bets the Federal Reserve will cut rates in its final policy meeting of 2025, driving US stocks higher as the dollar fell against all major currencies. Bonds wavered.
Bloomberg Markets • Dec 2, 10:32 PM
CAP

Pimco’s Schneider Sees Reason for Caution Amid Clouded Outlooks

"This is clearly a K-shaped economy," Jerome Schneider, Pimco managing director and head of short-term portfolio management and funding, says on "Bloomberg The Close.

"This is clearly a K-shaped economy," Jerome Schneider, Pimco managing director and head of short-term portfolio management and funding, says on "Bloomberg The Close." Schneider also discusses his strategy for investing in the current market environment. (Source: Bloomberg)
Bloomberg Markets • Dec 2, 10:31 PM
CAP

Are 'Slop Bowls' Bad for Business?

Americans are increasingly over the “slop bowl.

Americans are increasingly over the “slop bowl.” Chipotle, Sweetgreen and Cava — once stars of the restaurant industry — are struggling as diners tire of all those pick-your-own ingredients piled atop rice or greens. Instead, lunchgoers are choosing offerings with more texture, like sandwiches and tacos, that fill them up and often cost less. The Close team discusses this new trend. (Source: Bloomberg)
Bloomberg Markets • Dec 2, 10:27 PM
REG

Tech Industry Drive to Block State AI Laws Hits Wall in Congress

A powerful coalition of tech companies backed by the White House’s artificial intelligence chief appears to have failed to persuade lawmakers to use a must-pass defense bill to block state governments from regulating artificial intelligence, a key congressional Republican signaled Tuesday.

A powerful coalition of tech companies backed by the White House’s artificial intelligence chief appears to have failed to persuade lawmakers to use a must-pass defense bill to block state governments from regulating artificial intelligence, a key congressional Republican signaled Tuesday.
Bloomberg Politics • Dec 2, 10:02 PM
CAP

Novaland Targets June Retail Bond Payout to Tackle Debt Woes

Novaland Investment Group, one of Vietnam’s largest real estate firms, is in talks to raise fresh funds to repay some outstanding bonds as it plots a return to profitability by resuming stalled projects.

Novaland Investment Group, one of Vietnam’s largest real estate firms, is in talks to raise fresh funds to repay some outstanding bonds as it plots a return to profitability by resuming stalled projects.
Bloomberg Markets • Dec 2, 10:00 PM
REG

Obamacare Subsidies Likely to Expire With Congress in Deadlock

Chances are increasing that Obamacare subsidies will expire at the end of the month and trigger a spike in health insurance premiums as a deadlock in Congress deepens on the issue.

Chances are increasing that Obamacare subsidies will expire at the end of the month and trigger a spike in health insurance premiums as a deadlock in Congress deepens on the issue.
Bloomberg Politics • Dec 2, 9:24 PM
CAP

Batistas to Hire Citi for Sale of Stake in Iron Ore Miner

J&F SA — the Brazilian holding company controlled by the Batista brothers — has hired Citigroup Inc.

J&F SA — the Brazilian holding company controlled by the Batista brothers — has hired Citigroup Inc. to sell a minority stake in its LHG Mining unit to a potential strategic partner, according to people familiar with the matter.
Bloomberg Markets • Dec 2, 9:21 PM
MA

Heritage Financial Corp to Merge with Olympic Bancorp in $171.6 Million Deal

Heritage Financial Corporation is set to acquire Olympic Bancorp, Inc. in a strategic merger valued at approximately $171.6 million. Under the terms of the agreement, Olympic shareholders will receive 45 shares of Heritage common stock for each share held, marking a significant consolidation in the banking sector.

In a notable development in the banking sector, Heritage Financial Corporation (NASDAQ: HFWA) has announced a definitive merger agreement with Olympic Bancorp, Inc. (hereafter referred to as Olympic), under which Olympic will merge with and into Heritage. This transaction, valued at approximately $171.6 million, is designed to enhance Heritage's market position and expand its service offerings. The merger will see each outstanding share of Olympic Class A voting common stock and Class B nonvoting common...
USFM • Dec 2, 9:20 PM