Biolife Is Said to Have Drawn Takeover Interest From RepligenNew!!
Biolife Solutions Inc. has attracted takeover interest from parties including diagnostics company Repligen Corp., according to people with knowledge of the matter.
Invesco’s Kriskey: Oil Price Freefall Is ‘Overdone'New!!
Kathy Kriskey, Invesco's Alterative ETF Strategy Head, helps make sense of oil's drop as ships continue to cross through the Strait of Hormuz despite attacks. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Hellman & Friedman-Backed Hub Files Confidentially for IPONew!!
Hub International Holdings Inc., an insurance broker backed by Hellman & Friedman, confidentially filed for an initial public offering whose proceeds could be used by the to pare its debt.
Markets, Economy Ignoring Policy Shocks: SkellyNew!!
Dan Skelly, managing director and head of the equity model portfolio team at Morgan Stanley Wealth Management, joins Lisa Mateo and Tom Keene on "Bloomberg Money." (Source: Bloomberg)
Hong Kong Dollar Hits 10-Month Low as Fed View Buoys GreenbackNew!!
The Hong Kong dollar fell to its weakest level against the US dollar in about 10 months, as a stronger greenback and expectations for further Federal Reserve rate hikes pressured Asian currencies.
Iron Ore Set for Seventh Straight Weekly Loss as Market SoftensNew!!
Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed.
Korean Stocks Slump 6% as Chipmakers Hit by Renewed SelloffNew!!
South Korean stocks fell as renewed selling in chipmakers highlighted their heightened sensitivity to swings in global artificial-intelligence sentiment.
Asian Stocks Slump as Tech Rout Resumes, Oil Slips: Markets WrapNew!!
Asian stocks slumped to a two-week low as tech shares were hit by a renewed selloff after Thursday’s blistering rally, underscoring the heightened volatility that has gripped the sector this week.
Ship Struck in Hormuz as Oil Supertankers Turn Back AgainNew!!
A ship was hit by an unidentified projectile in the Strait of Hormuz on Thursday in the first reported attack after an interim US-Iran peace deal, a significant setback to efforts to restore traffic through the vital energy thoroughfare.
Oil Heads for Weekly Loss as Ship Attack Clouds Hormuz OutlookNew!!
Oil was on track for a weekly decline after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship has renewed concerns about safe passage through the vital waterway.