More than 1 million people advised to evacuate homes amid 80mph winds and heavy rain Typhoon Jangmi (also known as Typhoon No 6) moved northwards over the course of this week. From Okinawa to mainland Japan, prolonged and heavy rainfall led to landslide warnings and the flooding of rivers, with Japan issuing level 4 warnings for some rivers, signalling a risk of overflowing. This level is high eno...
More than 1 million people advised to evacuate homes amid 80mph winds and heavy rain Typhoon Jangmi (also known as Typhoon No 6) moved northwards over the course of this week. From Okinawa to mainland Japan, prolonged and heavy rainfall led to landslide warnings and the flooding of rivers, with Japan issuing level 4 warnings for some rivers, signalling a risk of overflowing. This level is high enough for municipalities to issue evacuation orders. Three-hourly rainfall totals on Wednesday reached 105mm in Chiyoda, Tokyo, which was a record high for the month. Sustained wind speeds of 80mph (130kph) were recorded on Monday – making it a category 1 typhoon – bringing damage and disruption to businesses, transport, infrastructure and the environment. By Wednesday, 23 people had been injured, 17 of whom were in Okinawa. The typhoon damaged 57 homes and led to 60,000 homes losing electricity. In addition to this, 1.52 million people were advised to evacuate by authorities. The typhoon damaged the exterior wall of Himeji Castle, a Unesco world heritage site in western Japan. The maximum recorded wind speed at Himeji was 56mph, according to the Japan Meteorological Agency. The typhoon has now weakened into a tropical depression and has moved eastwards, away from the islands. Continue reading...
Indonesia spent much of this week confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in Southeast Asia’s largest economy? The answer played out across trading screens around the world and at government offices in Jakarta. Stocks sank to their lowest levels since the pandemic, the rupiah breached the psychologically important ...
Indonesia spent much of this week confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in Southeast Asia’s largest economy? The answer played out across trading screens around the world and at government offices in Jakarta. Stocks sank to their lowest levels since the pandemic, the rupiah breached the psychologically important 18,000-per-dollar level for the first time and rumors swirled that Finance Minister Purbaya Yudhi Sadewa was on the way out. Read more: ‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens Grip By the end of the week, Purbaya and senior government officials were on the defensive. “I’m not the type to quit,” Purbaya said at a state budget briefing Friday. He was at pains to talk up the country’s fiscal position, saying the nation’s assets remain stable and inflows healthy. “Optimism about the Indonesian economy remains strong,” he said. “Why are people saying the economy is heading toward a recession when economic stimulus is sufficient, liquidity is sufficient, and credit growth is also sufficient? Don’t be swayed by a single news report.” But the damage was largely done. Investors increasingly see Indonesia as a market where policy uncertainty, political intervention and execution risks are beginning to outweigh one of the developing world’s most compelling long-term growth stories — a sentiment that’s been growing since President Prabowo Subianto took office less than two years ago. Investors are “concerned about the direction of policymaking in Indonesia,” Jason Tuvey , deputy chief emerging markets economist of Capital Economics, said. “Especially so, after widespread protests in the middle of last year led to the sacking of respected finance minister Sri Mulyani Indrawati . Since then, the government has adopted increasingly populist and interventionist policies.” Speculation over Purbaya’s departure wasn’t the only thing sending markets into a tailspin. There wer...
Getty Images Introduction to the Investment Thesis The extent to which the market was wrong about its fears of AI disrupting the Google search model are well documented. Since then, Alphabet Inc. ( GOOG ) has been on a tear, realizing record revenues and positioning itself to benefit fully from the AI revolution. The angle I want to take today is one around how Alphabet fits into a Quality Growth ...
Getty Images Introduction to the Investment Thesis The extent to which the market was wrong about its fears of AI disrupting the Google search model are well documented. Since then, Alphabet Inc. ( GOOG ) has been on a tear, realizing record revenues and positioning itself to benefit fully from the AI revolution. The angle I want to take today is one around how Alphabet fits into a Quality Growth investment framework. Let’s remind ourselves of what qualifies a Quality Growth stock: strong fundamentals, a track record of consistent EPS growth, a durable moat, and visible catalysts to future growth. I want to focus more specifically on how Alphabet has built a greater moat for itself through great strategic decision making, and how this moat enables some key catalysts for future growth. Specifically, I want to dive more deeply into Alphabet’s push into own its proprietary chip stack, across both inference and training, how this decision has made Alphabet more resilient to NVIDIA Corporation’s ( NVDA ) dominant market position, and how it enables Alphabet’s push into cloud computing and autonomous driving. Let’s dive in. The Fundamentals: An Exceptional Business Still Accelerating Whenever I open coverage on a new stock, I begin by taking a look at the numbers (as any good Quality Growth analyst should). In Q1 2026 , consolidated Alphabet revenues increased 22% to $109.9 billion, representing the 11 th consecutive quarter of double-digit growth for the company. Operating margin expanded two percentage points to 36.1%, net income increased 81% and importantly, EPS rose 82% to $5.11. In the earnings release prior to Q1, and for the full year 2025, Alphabet crossed the $400 billion in annual revenue mark for the first time, with YouTube contributing $60 billion of this. Google Services revenues increased 16% to $89.6 billion, led by 19% growth in Search, 19% in subscriptions, platforms, and devices, and 11% in YouTube ads. Google Cloud accelerated significantly, with reve...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Claude and his AI pals are threatening to unseat human financial advisers from their jobs . Anthropic, OpenAI and a host of other leading AI companies have their sights ...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first Claude and his AI pals are threatening to unseat human financial advisers from their jobs . Anthropic, OpenAI and a host of other leading AI companies have their sights set on the financial advisory world — one which a Fitch Ratings report said is under great threat of “being fully substituted by AI solutions if customers build trust in non-human AI agents.” Many consumers already have and are turning to ChatGPT, Claude and other AI players for help managing their personal budgets and investments. Users are creating elaborate prompts, building agents and asking bots to help rebalance asset allocations, find weaknesses in portfolios, highlight new investment opportunities — and sometimes execute those transactions. The AI companies see a huge opportunity in an industry not known for being early adopters of tech. Part of the pitch is inevitably efficiency, and while back-office staff is indeed shrinking, the culling hasn’t yet come to the advisory workforce. Advisers, for their part, welcome AI for note-taking, handling documentation and taking care of boring administrative tasks. They insist, however, that most humans will want other humans to actually handle their money, especially when it’s a hefty sum. That may be true now for older generations but the pressure is building against human advisers. Some 80% of Gen Z-ers surveyed by Intuit Credit Karma last year said they were using AI for their personal finances. An the prospect of AI usurping advisers has rattled the market in recent months. When Altruist, a rapidly growing fintech company, announced an AI-powered tax planning tool in February, shares of financial services companies like Charles Schwab took sharp falls . Of course, trusting in a bot can be a lot to ask, especially when it...
Emerging markets are becoming a strategic focus for creditors looking to extract the complexity premium embedded in local markets. Atanas Bostandjiev, chairman and founder of Gemcorp Capital Management, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, to assess the opportunities available to institutional investors with perpetual capital. Bostandjiev and Sassower d...
Emerging markets are becoming a strategic focus for creditors looking to extract the complexity premium embedded in local markets. Atanas Bostandjiev, chairman and founder of Gemcorp Capital Management, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, to assess the opportunities available to institutional investors with perpetual capital. Bostandjiev and Sassower discuss the durability of alpha generation, the formation of behavioral biases and the ability to cap
Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM , The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a seve...
Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM , The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy. Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war, as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock. In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale invasion of Ukraine, which led to gas prices rising by around five times. It said the overall impact on public finances “was to significantly increase government borrowing and debt” despite some government revenue being raised by taxes on energy companies’ profits and higher wage growth. The surge in government borrowing was driven by a rise in debt interest costs, welfare benefits, and the maintenance of real-terms increases to departmental budgets, according to analysis. The OBR concluded that it would apply the lessons from its forecast review to the energy price shock caused by the Iran war in this year’s Budget. The analysis suggests that the OBR could take a more pessimistic view on government borrowing, with oil prices jumping by around 40 per cent since the beginning of the war in March and wholesale European gas prices doubling. Economists have warned that stalled peace negotiations will lead to prolonged disruption across the Strait of Hormuz, a critical global trading route for oil tankers and large ships. The Bank of England warned in a worst-case scenario analysis that continued disruption would push inflation above six per cent and force it to undo all in...
Scott Wiener, Senator at California State Senate discusses AI regulation, transparency and public policy frameworks with Bloomberg’s Brad Stone at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Scott Wiener, Senator at California State Senate discusses AI regulation, transparency and public policy frameworks with Bloomberg’s Brad Stone at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Hock Tan, President & CEO at Broadcom discusses semiconductor demand, AI scaling and revenue outlook with Bloomberg’s Tom Giles at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Hock Tan, President & CEO at Broadcom discusses semiconductor demand, AI scaling and revenue outlook with Bloomberg’s Tom Giles at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)