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Business News

Business and financial news stripped of editorial framing — market data, earnings, and economic reporting, facts only.

Bloomberg · business

Why Romantasy May Soon Be a Billion-Dollar Business

The romantasy genre generated nearly one billion dollars in revenue through book sales, special editions, merchandise, event tickets, and audiobooks, according to Bloomberg. The market expansion has attracted major retailers, content creators, and film studios to invest in the category. Romantasy readership is predominantly female and grew significantly through social media platforms.

Aug 12, 2026Read more →

MarketWatch · business

Can I claim 50% of my husband’s Social Security now — and switch to my higher benefit at 70?

This appears to be a personal finance advice column rather than a news article. A factual news rewrite would not be appropriate for this content type, as it contains hypothetical personal financial guidance rather than reported events, named individuals, or verifiable actions.

Aug 12, 2026Read more →

Bloomberg · business

Pimco Sees Fed on Hold Through 2026 as Inflation Moderates

Marc Seidner, chief investment officer for non-traditional strategies at Pimco, told Bloomberg Television that the firm expects the Federal Reserve to maintain current interest rates through 2026 as inflation moderates. Seidner stated, "We're much less fussed about the inflation outlook on a forward-looking basis than I think many in the market." Pimco's assessment reflects the firm's view that inflation pressures will continue to ease over the period ahead.

Aug 12, 2026Read more →

MarketWatch · business

Musician John Oates sells his idyllic Colorado ranch for $6.9 million

John Oates sold his Colorado ranch near Aspen for 6.9 million dollars after owning the property for 35 years. Oates is known as one half of the musical duo Hall & Oates. The sale was completed in 2026.

Aug 12, 2026Read more →

Bloomberg · business

Pimco’s Seidner Says Angst Over Fed Credibility is Unwarranted

Pacific Investment Management Co. managing director Daniel Seidner stated that current market concerns about Federal Reserve inflation-fighting credibility are exaggerated and that US bond yields at present levels offer attractive value.

Aug 12, 2026Read more →

Bloomberg · business

Lloyds Metals Allowed to Ready Restart of Giant PNG Copper Mine

Lloyds Metals, an Indian iron ore producer, received authorization to prepare for the restart of a copper mine in Papua New Guinea that has been closed for approximately 40 years. The mine was the site of conflict during a civil war in the region. No additional details about the timeline, location specifics, or authorization source were provided in the available material.

Aug 12, 2026Read more →

Bloomberg · business

Yen Intervention Put China’s Yuan Under More Pressure, BE Says

The yen strengthened following US and Japanese intervention, which Bloomberg Economics said increased appreciation pressure on China's yuan. The yuan has gained despite lower bond yields and slower economic growth in China, according to Bloomberg Economics.

Aug 12, 2026Read more →

CNBC · business

Treasury yields are little changed as investors await key inflation data

The 10-year U.S. Treasury note yield was at 4.682%.

Aug 12, 2026Read more →

CNBC · business

Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says

The International Energy Agency forecasted oil demand will decline by 1.6 million barrels per day in 2026. The agency attributed the decline to elevated fuel prices and disruptions in the Strait of Hormuz shipping route.

Aug 12, 2026Read more →

Bloomberg · business

Korea to Require Mock Trading for Single-Stock Leveraged ETFs

South Korea's financial regulator announced a requirement for new investors in single-stock leveraged exchange-traded funds to complete mock trading exercises before investing in these products. The measure applies to leveraged ETFs that track individual stocks. South Korea has issued multiple regulations on these instruments in recent years due to their use in the market.

Aug 12, 2026Read more →

MarketWatch · business

A stock just surged on news Situational Awareness had bought it. But its current fate is unclear.

Situational Awareness disclosed a stock purchase in financial filings on Wednesday, causing the stock to rise. Situational Awareness previously liquidated most of its portfolio. The specific stock and current price movement were not identified in available disclosures.

Aug 12, 2026Read more →

Bloomberg · business

JPY/USD: Why Yen Intervention by Japan and US Has Limited Impact

Japan's Ministry of Finance and the U.S. Treasury have intervened in currency markets to support the yen, which has weakened against the dollar. The yen's depreciation has increased import prices and household living costs in Japan. Both governments have expressed concern about the currency movement, though the frequency and scale of their interventions have not substantially altered the yen's trajectory against the dollar.

Aug 12, 2026Read more →

Bloomberg · business

IEA Sees Wider Oil Supply Deficit Despite Hit to Demand From War

The International Energy Agency reported that global oil inventories will decline this quarter at a rate more than double its prior estimate, citing renewed conflict in Iran. The agency also noted that elevated oil prices are reducing demand for petroleum products. The IEA did not provide specific inventory figures or demand reduction percentages in its statement.

Aug 12, 2026Read more →

Bloomberg · business

Machinery Maker DMG Mori Seeks $300 Million in Japan Share Sale

DMG Mori Co. announced plans to raise approximately $302 million through a sale of new shares in overseas markets. The machinery manufacturer will issue the shares to international investors. The offering follows what the company described as strong investor demand for Japanese equities.

Aug 12, 2026Read more →

Bloomberg · business

US Yields Will Go Much Higher Next Year: 3-Minutes MLIV

Guy Johnson, Tom Mackenzie, and Mark Cudmore discussed market themes for analysts and investors on Bloomberg: The Opening Trade.

Aug 12, 2026Read more →

Bloomberg · business

Heatwave Slams Europe Straining Energy Supply, E.On CEO Says

Europe is experiencing a fifth heatwave, and high temperatures are affecting energy output. Leonarcos Kuelbs, CEO of E.On, Europe's largest energy provider, said on Bloomberg that wholesale prices have increased due to conditions in the Persian Gulf and elevated gas prices are straining customer affordability. Kuelbs stated that the current hot summer is reducing energy production and creating short-term market distortions.

Aug 12, 2026Read more →

CNBC · business

World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time

Norway's Government Pension Fund Global, valued at approximately $2.34 trillion, reported a profit of $184 billion and disclosed a stake in SpaceX for the first time. The fund holds investments in more than 7,000 companies across 60 countries.

Aug 12, 2026Read more →

Bloomberg · business

UAE Shuttles Oil Exports From Iraq Through the Strait of Hormuz

The Abu Dhabi National Oil Company is transporting Iraqi crude oil through the Strait of Hormuz to Asian refiners, according to Reuters reporting. The arrangement involves oil from Basrah and other Iraqi fields. The operation uses ship-to-ship transfer methods to move the crude.

Aug 12, 2026Read more →

Bloomberg · business

Shoprite Sees Earnings Rising as E-Commerce Unit Booms

Shoprite Holdings Ltd. reported that earnings could rise as much as 14.7%, driven by increased sales at its e-commerce unit. The company operates Africa's largest supermarket chain. The e-commerce division experienced a sales increase, though specific figures were not provided in the announcement.

Aug 12, 2026Read more →

Bloomberg · business

Horizons Middle East & Africa 8/12/2026 (Video)

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Aug 12, 2026Read more →

Bloomberg · business

AI Boom Fuels Asian Stocks Even as Oil Climbs | Insight with Haslinda Amin 08/12/2026

Asian stock markets rose on expectations of increased artificial intelligence investment and corporate earnings, while crude oil prices also increased during the same period in August 2026.

Aug 12, 2026Read more →

Bloomberg · business

China Pledge on US Soybeans Tested as Private Crushers Hold Back

China committed to purchasing large volumes of US soybeans under a trade agreement finalized in 2025. Private Chinese soybean crushers have reduced their participation in these purchases, according to reporting on the agreement's implementation.

Aug 12, 2026Read more →

Bloomberg · business

Norway $2.3 Trillion Fund Returns 9.4% in First Half

Norway's sovereign wealth fund generated a 9.4% return in the first half of 2026, according to the fund's performance data. The fund holds approximately $2.3 trillion in assets. US technology company holdings contributed to the gains during the period.

Aug 12, 2026Read more →

Bloomberg · business

Activist Investor Elliott Demands Board Revamp at Northern Star

Elliott Investment Management LP, which holds a stake in Northern Star Resources Ltd., nominated six board candidates and called for a board overhaul at the Australian gold mining company. Elliott stated the changes would restore market confidence in the company. Northern Star is Australia's largest gold miner by market capitalization.

Aug 12, 2026Read more →

Bloomberg · business

India Options Trading Drops 27% as New Auction Upends Strategies

Index-options trading volumes in India declined 27% in the first week after the introduction of a new closing auction mechanism on the NSE and BSE. The mechanism altered how options contracts are settled at market close, requiring traders to adapt their execution strategies. The National Stock Exchange and BSE implemented the change as part of a broader market-structure revision.

Aug 12, 2026Read more →

Bloomberg · business

FTSE 100 Live: UK Stocks Set to Fall Again, Pound Holds Steady

The FTSE 100 index was expected to open lower on the trading day, according to market data providers. The British pound maintained its recent trading range against major currencies. Market analysts attributed the anticipated decline to broader economic concerns and ongoing volatility in global financial markets.

Aug 12, 2026Read more →

Bloomberg · business

Tata Sons Chairman Resigns in Shock Move Ahead of AGM Next Week

Natarajan Chandrasekaran resigned as chairman of Tata Sons Pvt., according to reporting from the outlet. The resignation occurred before the company's scheduled annual shareholder meeting. Tata Sons is a diversified conglomerate with operations in salt production, software, and other sectors.

Aug 12, 2026Read more →

Bloomberg · business

Tencent Earnings a Litmus Test for China's AI Sector | The China Show | 8/12/2026

Tencent reported second-quarter 2026 earnings on August 12, 2026. The company's financial results were examined as an indicator of broader conditions in China's artificial intelligence sector. Bloomberg's "The China Show" program, hosted by Yvonne Man and David Ingles, covered the earnings report and its implications for investors.

Aug 12, 2026Read more →

Bloomberg · business

Presight CEO: AI Productivity Needed Despite Conflict (Video)

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Aug 12, 2026Read more →

Bloomberg · business

ABN Amro Profit Beats, Boosts Outlook for Key Revenue Source

ABN Amro Bank NV reported quarterly profit above analyst expectations, driven by increased fees and growth in lending income. The bank raised its outlook for net interest income, its largest revenue source.

Aug 12, 2026Read more →