After being rebuffed last November after approaching Daimler AG seeking a placement of 5 percent of its shares, the Geely Automobile Holdings Ltd. chairman came back last Friday with an offer the Germans couldn't refuse. His $9 billion on-market purchase of a 9.7 percent stake in the maker of
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Morgan Stanley says it's time to get bullish on bonds — even as Goldman Sachs Group Inc. and Warren Buffett issue warnings. The sell-off in Treasuries, that began in earnest in September and ramped up in January, is ending, according to Morgan Stanley strategists. Not so for Goldman Sachs Group
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Bloomberg's Tom Mackenzie reports on China's move to clear the way for Xi Jinping to rule beyond 2023. As China's Communist Party prepares to repeal term limits and let President Xi Jinping rule beyond 2023, commentators have taken to social media to lampoon and laud the move. One post over
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It has become a widely accepted tenet of modern economics that markets are flawed and need fixing by experts to engineer desired outcomes. At the Winter Games in Pyeongchang, which just concluded, the International Olympic Committee appeared to take this conviction to extremes, trying to fill
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The Department of Education may issue a statement that federal law prohibits state governments from regulating companies that collect student debt on the department's behalf, according to documents reviewed by Bloomberg. The proposal, which would reverse the department's position in 2016, could
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