Nvidia Disappoints Bulls, US Charges Gautam Adani & Tempting UK's Super-Rich Overseas
Bloomberg Daybreak: Europe Edition21 Nov 2024

Nvidia Disappoints Bulls, US Charges Gautam Adani & Tempting UK's Super-Rich Overseas

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion.

(2) US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme, throwing the Indian tycoon's conglomerate back into turmoil just as it was rebounding from a short-seller's fraud allegations.

(3) Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street.

(4) Ukrainian forces fired British cruise missiles at military targets inside Russia for the first time, expanding the use of Western-provided long-range weapons as the 1,000-day conflict enters a new phase.

(5) The Bank of Mom and Dad is becoming a growing source of finance for UK adults looking to get on the housing ladder, according a new Resolution Foundation report.

(6) Global havens for the wealthy see an opportunity to lure away UK non-doms — and they're hosting roadshow-type events to gauge their interest.

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