Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
Goldman Sachs could end up paying less than $2 billion to resolve U.S. criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB. That’s less than what some analysts have signaled Goldman might have to pay. The bank’s stock jumped on the news.
Here are today’s top stories
A Saudi Air Force officer allegedly opened fire at a U.S. military base in Florida where he was training, killing three before being killed himself.
The decade is ending with unexpected strength in the U.S. job market, but there’s reason to doubt it will stay that way in the next one.
Stocks rallied and Treasuries fell as the better-than-expected jobs data bolstered confidence in the American economy.
The House Judiciary Committee’s top Republican indicated Friday he won’t offer potential defense witnesses as part of the impeachment proceedings against President Donald Trump.
As Deutsche Bank nears its end-of-year decision on bonuses, one question looms large for Chief Executive Officer Christian Sewing: How much can he afford to pay to keep top investment bankers?
While gender-free clothing has been in fashion magazines for years, building a retail space around the concept was seen as financially risky. Now, some retailers are giving it a try. The men’s and women’s departments at your favorite clothing store may someday cease to exist.
What’s Luke Kawa thinking about? The Bloomberg cross-asset reporter says comparing the state of the sovereign bond markets in the world’s two largest economies offers an interesting contrast. China’s 10-year yield is experiencing its smallest annual swings since 2012. Meanwhile, the 10-year Treasury yield is in the midst of its biggest annual range since 2013. The difference between them is the widest since 2011.
What you’ll need to know tomorrow
- The Saudi Aramco IPO is a watershed moment for the kingdom.
- Rolls-Royce is touting nuclear reactors as a key to clean jet fuel.
- Money boys are taking over your favorite sports teams.
- Blame the 2008 financial crisis for your $78 Christmas tree.
- Bloomberg Businessweek: Chanel is taking aim at Rolex.
- “The Irishman” is a Netflix hit even if few watch to the end.
- Art Dealer Inigo Philbrick vanishes amid a cloud of scandal.
What you’ll want to read in Bloomberg Pursuits
It’s the most desperate time of the year. For years, consumers have been trained to sit in the comfort of their own homes and shop online. Yet when the holidays come around, the biggest stores ask them to pull on their shoes and head to the mall or a flagship store for a holiday window extravaganza. But it’s not working anymore. Black Friday failed to produce the frenzied store-shopping spree it was once known for. Department stores are getting increasingly desperate to keep foot-traffic from declining further.
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