Finance

Original title: Asian Stocks Poised to Track Wall Street Declines: Markets Wrap Asian stocks are poised to mirror a weak US session, where equities fell alongside bonds amid a rush of corporate-debt sales Bloomberg Terminal and worries over developed-world budgets. Equity futures pointed lower in Sydney and Tokyo, with little change in Hong Kong, after the S&P 500 pared earlier losses to close 0.7% down. US contracts edged higher in early Asia trading, following after-hours gains in Alphabet Inc. as a federal judge ruled Google won’t be forced to sell its Chrome browser. ...

Original title: China’s Rich Return to Risky ‘Snowball’ Derivatives for Yields China’s wealthy are once again pouring money into “snowball” derivatives for juicier returns, a year after the regulator curbed the product that was blamed for exacerbating a stock rout. High-net worth investors have snapped up tens of billions of yuan of revamped snowball derivatives since the beginning of this year as interest rates remain low. China Merchants Bank Co. alone has distributed more than 30 billion yuan ($4.2 billion) of such products issued by brokers, according to people familiar with the matter who asked not to be identified discussing private information. ...

Original title: UK Risks Exodus of North Sea Oil and Gas Contractors, Lobby Says UK oil and gas producers — already suffering from high taxes and waning output — now also face the imminent risk of being hit by a pullback in operations by equipment and services suppliers, a lobby group warned. Offshore Energies UK has previously said that the lack of new developments and uncertainty over projects mean firms in the supply chain — from engineers to specialist manufacturers to technology providers — could choose to instead invest overseas. On Wednesday it emphasized the urgency to address the risk, which could pose another headache for the government ahead of the autumn budget. ...

Original title: Thames Water’s Creditors Submit Revised Plan to Rescue Utility A group of Thames Water’s senior creditors has submitted a new operational plan to the UK regulator as part of its bid to rescue and take over the ailing utility. The proposal includes revised measures to reduce pollution and leaks through steps such as the replacement of older water mains, according to a statement Wednesday. The group is also set to soon finalize a revised proposal to restructure Thames Water’s finances, which will include a write-off of several billion pounds of liabilities and new funds in the form of equity and debt. ...

Original title: Zscaler’s AI Security Products Drive Billings Growth in 4Q Zscaler Inc. shares climbed after fourth-quarter calculated billings hit a record high, driven by sales of artificial-intelligence products. The cybersecurity company reported calculated billings of $1.2 billion and initiated its revenue outlook for the year of $3.27 billion to $3.28 billion. Analysts estimated $3.2 billion. Original article

Original title: Kraft Heinz to Split into Two Publicly Traded Companies | Bloomberg Markets 9/2/2025 00:00 > > WELCOME TO “BLOOMBERG MARKETS.” I’M SCARLET FU. HERE’S WHERE THINGS STAND AT MIDDAY IN NEW YORK ON THIS FIRST TRADING DAY OF SEPTEMBER. WE HAVE A DECLINE IN STOCKS. IT’S A SELLOFF, IN FACT, IN STOCKS AND BONDS. THE S & P 500 LOSING 1.4% RIGHT NOW. WHAT YOU’RE SEEING IS YIELDS RISING ACROSS THE CURVE. ON THE 10-YEAR, THAT’S FOLLOWING GLOBAL BENCH MARK YIELDS HIGHER. THE DOLLAR IS CLIMBING TODAY VERSUS ALL THE G10 CURRENCIES, ESPECIALLY WHEN YOU AND AIR IT TO THE POUND. LET’S LOOK AT GOLD. GOLD IS AT A RECORD HIGH, AT LEAST SPOT GOLD WAS, IF YOU LOOK AT X.A.U., TOPPING $3,500 AN OUNCE ON EXPECTATIONS THE FED WILL CUT RATES DUE TO THE SOFTER LABOR MARKET. GOING BACK TO THE POUND THERE, LOSING MORE THAN 1%, WHICH IS UNUSUAL. THAT DOES NOT HAPPEN TYPICALLY. THE BRITISH POUND DECLINING OVER CONCERN ABOUT KEY STARMER’S GOVERNMENT – KEIR STARMER’S GOVERNMENT, AND IT’S NOT JUST THE U.K. CURRENCY, IT’S OTHER ASSETS, INCLUDING THE U.K.30-YEAR LONG BOND THERE. THE YIELD IS AT THE HIGHES ...

Original title: S&P, Nasdaq Fall on Tariff Uncertainty | Closing Bell 00:00 About 2 minutes away from the end of the trading day. Katie Greifeld, an Eric Balchunas. And here to help take us through the closing bell, we’re joined by a global simulcast. Carol Massar and Tim Stenovec Carol back from vacation, bringing together our Bloomberg Television, radio and YouTube audiences worldwide. And what a trading day we are putting behind us, the S & P 500. We’re not going to close quite at session lows, Carol, but still an ugly start to this month. Yeah, kind of rough ride. And we are you know, there’s just kind of a lot coming out. Investors this month. We know we’ve got the jobs report on Friday. We have a lot of economic news, a Fed meeting in a couple of weeks. But I’ve been looking at the stocks, the Philadelphia Semiconductor Exchange Index, and it is down about 1.2% this hour, news that the U.S. has pulled tsmc’s waiver for China, shipments of chip supplies. So basically, you know, revoking tsm’s authorization to freely ship essential gear to its main C ...

Original title: Stocks Join Bond Rout as 30-Year Yield Close to 5%: Markets Wrap Wall Street kicked off September on a sour note, with stocks joining a slide in bonds amid heavy corporate-debt sales Bloomberg Terminal and developed-world budget worries. The dollar rose. Gold hit a record high. US 30-year yields approached 5%, pressuring tech shares whose valuations have widened during a surge from April lows. While the S&P 500 trimmed its losses, almost 400 of its shares fell. All megacaps slipped, with Nvidia Corp. seeing its longest slump since March. In late hours, Alphabet Inc. jumped as a federal judge ruled Google doesn’t have to sell its Chrome web browser. ...

Original title: AustralianSuper Pledges $26 Billion for Local Investments AustralianSuper, the country’s top pension fund, has earmarked A$40 billion ($26 billion) for local investment, including critical infrastructure, over the next five years, according to chief executive Paul Schroder . The head of the A$385 billion fund flagged housing, health, the energy transition and artificial intelligence as major challenges for Australia that pension funds can help address — as long as the numbers stack up. ...

Original title: David Schamis on Hyperliquid Token, Growth Trajectory 00:00 So that’s a lot of words there. Exchange strategies and a token. Put it into context for us. What does hyper liquid exchange do and how does the hyper liquid token fit in? Here’s the thing. The company is less than three years old. Amazingly, it has never taken any outside money, no VC money, no private equity. And yet it has ten employees based in Singapore, and they’re at a run rate of over $1,000,000,000 of free cash flow right now. Well, annual free cash flow, which is just an amazing thing. It’s also amazing how few people really know much about hyper liquid. When we raise this capital to buy the token in a digital asset treasury company, we reached out to a lot of people I spoke to to, you know, very well known crypto personalities, people you guys would know by name who I’m not going to mention on this show, who I never after the show you tell to the show. I’ll tell you who had never heard of Look, they’re not alone. I’m not familiar with it. So basically the way to descri ...