Tiny Islands Look to Space to Save Them From Global Warming

Hello, I’m Bruce Einhorn in Hong Kong and welcome to Bloomberg’s weekly newsletter about the new space economy. Small nations are making impassioned pitches to space ventures that they need more services to survive. But first … Three things you need to know...

PepsiCo Boosted by International Growth as US Sales Drop

North American food and drinks units suffer decline in volume Quaker Oats sales plunge 24% after salmonella-scare recall PepsiCo Inc. posted stronger-than-expected sales growth thanks to robust demand in its international divisions, while volumes dropped in North...

Traders Are Cashing Out of Markets En Masse

Traders just pulled billions out of stocks and junk bonds Elevated market valuations are now stirring investor angst The great market rally of 2024 looks dangerously close to unraveling as Wall Street’s once-invincible bull brigade begins to withdraw its winnings....

Tech Stocks’ Biggest Weekly Rout Since 2022 Roils Markets

US equities sold off sharply on Friday, sending tech stocks to the biggest weekly loss in 17 months, due to tensions in the Middle East and worries over the outlook for interest rates. The S&P 500 index closed down 0.9%, dropping for the sixth straight session and...