Bessent’s ‘Fever’-Quelling Debt Buybacks Put Wall Street on Edge

Alphabet Inc. and Blackstone Inc.’s new cloud venture has hit delays for major data-center locations that were supposed to run Google’s chips, underscoring the obstacles standing in the way of Big Tech’s AI ambitions.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Massachusetts Governor Maura Healey announced major restrictions on data center development, including a requirement that companies procure their own renewable energy supply.

Cerberus Capital Management sold a net-lease real estate business it founded five years ago for $1.6 billion, capitalizing on demand for a type of property transaction that’s gaining popularity.

Last Thursday, more than a week after Australian homebuilder Bathla Group tumbled into insolvency, a 24-hour deadline to secure emergency funding came and went, putting the company on the verge of liquidation.

On today’s Big Take podcast, Bloomberg’s John Authers joins guest host Stacey Vanek Smith to talk through why the current action in the bond market could be a correction instead of a crisis. Listen wherever you get…