Apple plans to invest more than $30 billion in an extended partnership with Broadcom to produce custom chips it said Wednesday. Apple said the new agreement was the largest so far under its ‘American Manufacturing Program’ and would enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a $1.5 billion capital expenditure investment. Apple shares were d...
Apple plans to invest more than $30 billion in an extended partnership with Broadcom to produce custom chips it said Wednesday. Apple said the new agreement was the largest so far under its ‘American Manufacturing Program’ and would enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a $1.5 billion capital expenditure investment. Apple shares were down 0.6% in premarket trading.
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the latest software markdowns giving investors cause for concern, the people power that has mothballed an ambitious data center project and we explore why fine wine might be a juicier alternative investment bet ...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the latest software markdowns giving investors cause for concern, the people power that has mothballed an ambitious data center project and we explore why fine wine might be a juicier alternative investment bet than whisky. But first, we bring you a deep-dive into one of the Gulf’s most influential family offices. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Royal Power Player If money talks and wealth only whispers, then AC Limited , the family office of Abu Dhabi ruler Sheikh Mohamed bin Zayed Al Nahyan , president of the United Arab Emirates, must be among the richest of them all. One of the most influential family offices in the Gulf, AC Limited is also one of its most discreet. Its ultra-low profile investment fund is powering a slew of Wall Street’s biggest private asset bets , yet its name is rarely mentioned in public and details on many of its foremost deals remain closely guarded. Since the start of last year alone, AC Limited has backed Ardian’s record $30 billion secondaries fund, helped finance a management buyout of European private credit firm Hayfin and invested in the nearly $700 million listing of the Uzbek national investment fund. From its home in Dubai’s ICD Brookfield Place , AC Limited has also built positions in mega-caps including Amazon.com , Microsoft and Nvidia , and invested with Blackstone and Carlyle . Even the outbreak of war in the region has had little impact on AC’s hunger for deals, my colleagues Ben Scent, Ben Bartenstein, Ben Stupples and Silas Brown report, drawing insights from regulatory filings and conversations with people familiar with the low-profile family office. None of the people interviewed by Bloomberg News could quite pinpoint exactly how many billions AC manages, though ...
The proposed heavyweight fight between Tyson Fury and Anthony Joshua could be held at Wembley Stadium in the early hours of the morning, BBC Sport understands.
The proposed heavyweight fight between Tyson Fury and Anthony Joshua could be held at Wembley Stadium in the early hours of the morning, BBC Sport understands.
Welcome to our guide to the energy and commodities driving the global economy. Today, reporter John Ainger explores how intense, prolonged heat is challenging summer power-demand forecasts in the US. The scorching heat dome that hit the eastern US last week didn’t just disrupt America’s 250th birthday celebrations . It put huge strain on the country’s sprawling power grids. Temperatures topped 100...
Welcome to our guide to the energy and commodities driving the global economy. Today, reporter John Ainger explores how intense, prolonged heat is challenging summer power-demand forecasts in the US. The scorching heat dome that hit the eastern US last week didn’t just disrupt America’s 250th birthday celebrations . It put huge strain on the country’s sprawling power grids. Temperatures topped 100F (38C) several days running, driving up cooling needs. That sent electricity demand on the country’s biggest grid, which serves 67 million people from Washington, DC, to Chicago, above base-case forecasts for peak summer consumption. Extreme weather is compounding the stress on US power systems at a time when vast new data centers are sucking up massive quantities of electricity. Grid operator PJM Interconnection LLC says demand likely rose to a record last Thursday. If confirmed, that would smash a high that had stood for about two decades. Such a record would be about 10 gigawatts higher than PJM’s base case for peak demand this summer. That’s roughly equivalent to the capacity of 10 traditional nuclear reactors. (PJM expects to firm up figures following a 60-day analysis of a key energy-saving program.) Electricity consumption has been building since 2023 as artificial intelligence hubs have proliferated. PJM Senior Vice President Michael Bryson acknowledged the “new reality” in May, saying data-center demand was outpacing the addition of new generation. The possibility of record power use this summer was included in the operator’s extreme-weather scenario. But even in that scenario, it pegged the likelihood of an all-time high at just 10%. PJM has been able to meet demand so far, “but the margin for error is getting tighter,” said company spokesman Jeffrey Shields. “We are prepared.” The grid will inevitably be tested again in the months ahead, with much of the US expected to experience a hotter-than-normal summer . Indeed, the next heat wave may descend on a large swa...
The economic collapse of Venezuela has pushed its healthcare system to the brink. The disaster is now adding to the stress. (Image credit: Federico Parra/AFP)
The economic collapse of Venezuela has pushed its healthcare system to the brink. The disaster is now adding to the stress. (Image credit: Federico Parra/AFP)
"They're Scum": Trump Says US-Iran Ceasefire Is Over, Sending Oil Higher Brent crude futures jumped more than 6% in London after President Trump told reporters at a press conference in Ankara that the tentative ceasefire with Iran is over. "To me, I think it's over. I don't want to deal with them anymore; they're scum," Trump told reporters. Trump says the ceasefire between U.S. and Iran is over. ...
"They're Scum": Trump Says US-Iran Ceasefire Is Over, Sending Oil Higher Brent crude futures jumped more than 6% in London after President Trump told reporters at a press conference in Ankara that the tentative ceasefire with Iran is over. "To me, I think it's over. I don't want to deal with them anymore; they're scum," Trump told reporters. Trump says the ceasefire between U.S. and Iran is over. "To me, I think it's over. I don't want to deal with them anymore; they're scum", the U.S. president says. Live updates: https://t.co/l9KwsXPz0p pic.twitter.com/mqfE5qKOHe — Sky News (@SkyNews) July 8, 2026 Trump's remarks came after Iran launched missiles and kamikaze drones at several merchant vessels in the Hormuz chokepoint on Tuesday. This was countered by overnight US strikes , as fears of conflict erupting once more are on the rise. However, Trump stopped short of saying the U.S. would restart the war and said he would let talks continue if the parties were willing. In European trade, front-month Brent crude futures jumped 6% to $78.63 a barrel, while West Texas Intermediate rose 6.2% to $74.85 a barrel. Natural gas prices rose as well, with the benchmark Dutch TTF contract up 4.8% to 49.04 euros per megawatt-hour. Hours before the strikes, the US Treasury revoked a sanctions waiver that had allowed Tehran to sell oil, reversing a key element of the interim deal. Trump also told reporters that he would continue to let his negotiators talk to Tehran, though he thought "they're wasting their time." On Tuesday afternoon, the Joint Maritime Information Center upgraded the Hormuz risk rating to " Severe " after three tankers were targeted by Iran. This renewed uncertainty in the critical waterway will only pressure the normalization of vessel flows. "Every renewed attack on commercial shipping further erodes confidence in the Strait's reopening, making each future recovery more fragile than the last," said Michelle Brouhard, head of policy and geopolitical risk at Kpler. ...
Richard Drury/DigitalVision via Getty Images When building a dividend money machine for early retirement, it is especially important to make sure that you emphasize sustainability and dividend growth. This is because the earlier you retire, the longer your portfolio will need to support your lifestyle, and therefore, it is extra important to make sure your passive income's purchasing power keeps u...
Richard Drury/DigitalVision via Getty Images When building a dividend money machine for early retirement, it is especially important to make sure that you emphasize sustainability and dividend growth. This is because the earlier you retire, the longer your portfolio will need to support your lifestyle, and therefore, it is extra important to make sure your passive income's purchasing power keeps up with inflation. You really do not want to have to draw down your principal at all for the first several decades, at least, which means that you need the dividend passive income to do all of the heavy lifting. With this in view, in this article, I'm going to share two opportunities that combine significant current income that should help an investor retire early with consistently strong income growth that should be able to keep pace with or even outpace inflation over time, as well as be fairly defensive during recessions in order to make sure that passive income can be counted on through thick and thin. As an added bonus, both of these picks should benefit from AI-driven energy demand tailwinds, which also position them to do well in the current macro environment. Brookfield Infrastructure's Dual Structure The first option I'm going to discuss is Brookfield Infrastructure, which has two structures: Brookfield Infrastructure Partners ( BIP ) is a K-1 issuing partnership, whereas Brookfield Infrastructure Corporation ( BIPC ) is a Canadian C-Corporation. They are economic equivalents of each other, but BIP is quite a bit cheaper than BIPC, so keep that in mind when making your selection between the two. Brookfield Infrastructure is a globally diversified infrastructure owner/operator that has investments across the utilities, transportation, midstream, and data infrastructure segments, with the vast majority of its cash flow coming from developed markets. Investor Presentation It also has an impressive distribution growth streak within its five to nine percent annual distri...