Simon Brown on 06/02/2026

Simon’s weekly wrap: Growth, governance and the jobs that never came

This week on MoneywebNOW we explored undervalued markets and commodity tailwinds with David Fraser of Peregrine Capital, oil supply chains and constraints, the Transformation Fund as a broken funding mechanism facing governance issues and four million jobs lost to low growth.

S Simon Brown
Chris Dolmetsch and Nicola M White, Bloomberg on 06/02/2026

Wall Street’s top cop expects enforcement on prediction markets

Following a surge in trading on the platforms over the past year, saying that simply making bets outside of traditional spaces 'doesn’t insulate you from fraud.'

C Chris Dolmetsch and Nicola M White, Bloomberg
Paula Seligson, Bloomberg on 06/02/2026

The $3 trillion AI data center build-out becomes all-consuming for debt markets

More than $3 trillion. That’s the ­staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the bill with only their own cash. The mass

P Paula Seligson, Bloomberg
Hugo Miller and Isabel Demetz, Bloomberg on 06/02/2026

World Economic Forum opens probe into CEO over Epstein meetings

Citing revelations about 'three business dinners' Brende attended along with Epstein, as well as email and text exchanges, the board said it decided to initiate an independent review of the matter.

H Hugo Miller and Isabel Demetz, Bloomberg
Thomas Biesheuvel, Jack Farchy, Dinesh Nair and Aaron Kirchfeld, Bloomberg on 06/02/2026

Glencore said to have sought 40% of combined firm in Rio talks

The companies announced on Thursday that they had abandoned merger discussions, which would have created the world’s biggest mining company.

T Thomas Biesheuvel, Jack Farchy, Dinesh Nair and Aaron Kirchfeld, Bloomberg