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Progressive Win in the Netherlands: Centrist Party Ties Dutch Election as Far-Right Party Loses Seats (New York Times)
The outcome was a major win for the political center and a big defeat for the far-right party of Geert Wilders, who faced a significant setback in an election he forced.
Brazil Latest: Lula ‘Appalled’ by Deadly Police Raids in Rio, Minister Says (Bloomberg)
Brazil’s justice minister criticized a historically lethal police operation that left at least 119 people dead in
Rio de Janeiro, chastising local officials for leaning on “brute strength” to try to root out drug gangs that operate across the city.
President Luiz Inacio Lula da Silva was “appalled” by the violence that struck Brazil’s second-largest city on Tuesday, after a series of pre-dawn raids spiraled into all-day shootouts that culminated in the deadliest police operation in its history.
Market Alert: Fed Cuts Rates, Powell Signals December Move ‘Far From’ Certain (Bloomberg)
The Federal Open Market Committee voted 10-2 to lower the target range for the federal funds rate by a quarter percentage point to 3.75%-4% on Wednesday.
Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December.
Tech Latest: Meta, Microsoft Test Investors’ Patience With AI Spending Spree (Bloomberg)
The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers.
Three
bellwethers from different corners
of the technology world – Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. — together racked up some $78 billion in capital expenditures last quarter. That’s up 89% from a year earlier.
Investors will get a clearer picture of the cloud computing industry on Thursday, when market leader Amazon.com Inc. is scheduled to post its results. Apple Inc. also is slated to give its quarterly numbers that afternoon.
Private Market Push: Morgan Stanley Buys EquityZen in First Deal for CEO Ted Pick (Bloomberg)
Data Boost: Bloomberg Adds Hamilton Lane Private Market Indices to the Terminal (Bloomberg - Press Release)
Bloomberg announced the addition
of Hamilton Lane’s (Nasdaq: HLNE) suite of twenty private market closed-end fund performance indices to the Bloomberg Terminal and Data License, providing investors with new data and analytical tools to evaluate and compare performance. Selecting Bloomberg as a distribution channel marks a significant step in making Hamilton Lane benchmarks broadly available to the investment community, expanding access to data and driving even greater transparency across the asset class.
The collection of indices, covering more than 7,000 funds, is now available on the Bloomberg Terminal at [HLNE] with a subset available to mutual clients.
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TV News:
YouTube TV Inks Bloomberg Media Deal for 24-Hour News and Originals Channels (Variety)
Google’s YouTube
TV is adding two channels from Bloomberg Media to its lineup, one with live 24-hour news and the other with the media company’s original series and documentaries.
Next Week's Test for Democrats: The NJ and Virginia Races Will Answer a Key Question (Bloomberg Opinion - Ron Brownstein)
The gubernatorial races next week in Virginia and New Jersey will offer the best measure yet of whether the Democratic Party has begun to reverse its losses among two key groups: prosperous suburbanites and economically strained racial minorities. Both groups shifted enough toward President Donald Trump and the GOP last year to help propel Republicans to total control of the federal government.
Democratic gubernatorial nominees Abigail Spanberger in Virginia and Mikie Sherrill in New Jersey appear on track to counter Trump’s inroads in upscale suburbs. That alone makes both women — especially Spanberger — the favorites in states that house large numbers of college graduates (and also historically elect governors from the party that’s out of the White House).
NYC
Mayors Race: Mike
Bloomberg Endorses Andrew Cuomo for Mayor, Gives $1.5 Million to Pro-Cuomo Super PAC (New York Times)
In a statement on Wednesday, Bloomberg said: “Being mayor of New York City is the second toughest job in America, and the next mayor will face immense challenges. Andrew Cuomo has the experience and toughness to stand up for New Yorkers and get things done.”
Icon of Culture: A Flowing Toast to Diane von Furstenberg, Queen of the Wrap Dress (New York Times)
Diane von Furstenberg, wearing a dark blue chiffon caftan, sat slinkily on a couch at a party surrounded by her friends and admirers on Tuesday night at the Perelman Performing Arts Center in Lower Manhattan.
Ms. von Furstenberg was being honored
by the art center’s Icons of Culture Gala, which jubilantly fetes the city’s movers and shakers. Mike Bloomberg, who is the venue’s chair, was pivotal in funding the art center’s opening two years ago with a $130 million donation, adding to the $75 million contribution first stacked by Ronald Perelman.
Gateway Gallery: A First Look Inside JFK's New Terminal One. For Now, It's All About the Art (New York Magazine)
Tomorrow in NYC: How One Neighborhood Engineers the Ultimate Halloween Spectacle (New York Times)
Halloween is a special holiday for many New York City neighborhoods,
with city dwellers decking out brownstones and Victorians, rowhouses and high-rises. But West 69th Street, especially between Broadway and Central Park West on Manhattan’s Upper West Side, transforms into an open-air museum of Halloween art. Part haunted carnival and part design showcase, the scene can include professional aerialists rappelling from brownstones, doormen donning gorilla costumes and aliens dancing under a disco ball.
Formed in 1969, the West 69th Street Block Association has nurtured a Halloween tradition dating back to 1971. Each year, its Halloween committee organizes a trick-or-treating affair that draws more than 4,000 children — a celebration many neighbors see as both a community service and a way to bring the block together.
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