Google’s Pichai Joins Tech CEOs in Bids for London Cricket Team

Google’s Pichai Joins Tech CEOs in Bids for London Cricket Team

(Bloomberg) — Alphabet Inc. Chief Executive Officer Sundar Pichai is joining Silicon Valley executives bidding for a London-based cricket team, according to people familiar with the matter. Most Read from Bloomberg The consortium is putting in a bid of more than £80 million ($97 million) for either the Oval Invincibles or London Spirit. The teams … Read more

Russia Inflation Set to Jump at Year-End as War Pushes Up Prices

Russia Inflation Set to Jump at Year-End as War Pushes Up Prices

(Bloomberg) — Russian inflation is expected to have accelerated further from the central bank’s goal last month as the invasion of Ukraine continued to drive up prices for nearly all goods and services. Most Read from Bloomberg Annual price growth at the end of 2024 likely reached 9.8%, accelerating in December from 8.9% a month … Read more

US Midcap Stocks Are Top Bets to Own Now, Goldman’s Kostin Says

US Midcap Stocks Are Top Bets to Own Now, Goldman’s Kostin Says

(Bloomberg) — US midcap stocks are attractive at the moment given their relatively cheaper valuations compared with larger companies, according to Goldman Sachs Group Inc. Most Read from Bloomberg “They trade at much lower multiples than the rest of the market” and have similar growth rates, David Kostin, Goldman’s chief US equity strategist, said in … Read more

US Bans Imports From 37 China Firms Due to Alleged Forced Labor

US Bans Imports From 37 China Firms Due to Alleged Forced Labor

(Bloomberg) — The Biden administration has added 37 companies from China’s mining, solar and textile sectors to its list of those banned from exporting to the US due to alleged forced labor practices in the Xinjiang region. Most Read from Bloomberg The firms include mining giant Zijin Mining Group, and solar companies such as a … Read more

Aluminum Rises on EU’s Possible Russia Ban, China Supply Trends

Aluminum Rises on EU’s Possible Russia Ban, China Supply Trends

(Bloomberg) — Aluminum ticked higher, with the European Union considering import restrictions on Russian metal and Chinese production growth expected to slow. Most Read from Bloomberg The metal climbed toward $2,600 a ton in London, gaining as much as 0.7%. The EU is weighing curbs on Russian aluminum, along with measures against other commodities, as … Read more