Bloomberg News

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Rudy Giuliani Files For Bankruptcy After Courtroom Loss

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Rudolph Giuliani, the former mayor of New York who led efforts to overturn the 2020 presidential election, has filed for bankruptcy, swamped by legal bills stemming from his discredited campaign to...

Italian Cruise Billionaire Wins Ruling In Family Fortune Feud

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Shipping tycoon Manfredi Lefebvre d’Ovidio won a key ruling that may end a family feud hanging over his fortune for years...

Hermes Billionaire’s Charity Fights Plan To Cut Inheritance

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Nicolas Puech, a reclusive fifth-generation descendant of the founder of French luxury giant Hermes International SCA, wants to cancel his inheritance contract with his Isocrates Foundation, the...

The Secret Perks Of Investing In Travel, From Hotel Upgrades To Cruise Credits

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Here’s a little-known fact: People who hold as little as a single share of certain travel companies are entitled to instant perks that far outvalue the price of their investment...

Bill Gross's Recession Bet Has Minted Millions From Bond Rally

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One of the big winners from the sudden furious rally in the US bond market: Bill Gross...

Private Credit Is Giving Investors Better Returns Than Private Equity

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The chairman of UBS Group warned last week of a private credit “asset bubble.”

Fears Of A New World War Prey On Hedge Fund Titans And Policymakers Alike

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The web of overlapping conflagrations carries echoes of the period before World War I.

U.S. Money-Market Fund Assets Climb To Record $5.73 Trillion

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Money-market fund assets rose to an all-time high for the second-straight week as interest rates north of 5% and volatility in fixed-income markets drove investors to havens.  About $21...

Ban On Surprise Medical Bills Pushes More Health Bonds To Brink

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The new rules may magnify other risks such as elevated interest rates and labor costs.

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