Articles for author: Market News

October 26, 2024

Insights and Highlights from Day Two of Bloomberg Screentime 2024

Day two of the 2024 Bloomberg Screentime event in Los Angeles brought together industry leaders, celebrities, and innovators shaping the future of pop culture. Keynote speakers discussed the evolving landscape of technology and entertainment, emphasizing the importance of collaboration and creativity. Panels featured insights on trends in streaming, gaming, and social media, while networking opportunities allowed attendees to exchange ideas and forge new partnerships. Overall, the energy was high as participants explored the next phase of cultural development.

October 26, 2024

Market News

Ma Yi returns to Hong Kong to nurture AI talent, aiming to create an environment for growth amidst China’s tech rivalry.

Ma Yi, an accomplished AI scientist and the new head of the University of Hong Kong’s computing school, aims to recreate a supportive environment for nurturing talent, inspired by his time at Microsoft Research Asia. Having left his tenure at UC Berkeley, he believes that while China has plenty of raw talent, it lacks effective ...

October 26, 2024

Market News

Ma Yi returns to Hong Kong to nurture AI talent, aiming to create an environment for growth amidst China’s tech rivalry.

Ma Yi, a renowned AI expert, has taken the lead at the University of Hong Kong’s School of Computing and Data Science, aiming to foster a nurturing environment for talent. Previously a professor at UC Berkeley, Ma believes that although China has immense talent, it lacks the proper systems to develop them. He experienced this ...

October 26, 2024

Market News

Business

Klaas Knot’s Term Extended Amidst Global Financial Stability Challenges

The world's leading financial stability watchdog has announced that Klaas Knot will continue as chair until the end of June. This decision delays the search for his successor, a challenging role in global finance.

October 26, 2024

Market News

Business

Fed unlikely to cut rates aggressively amid strong labor market signals

On "Bloomberg The Close," Chuck Lieberman, co-founder and CIO of Advisors Capital Management, stated that he does not foresee the Federal Reserve pushing rates significantly lower, citing the strength of the labor market as a key factor.

October 26, 2024

Market News

Business

10-Year Yield Insights: Impact of Harris or Trump Election Victory

In a recent discussion on "Bloomberg Real Yield," Richard Bernstein Advisors' Michael Contopoulos and Bloomberg's Ira Jersey analyzed how a potential election win by either Kamala Harris or Donald Trump could impact the 10-year yield. They highlighted that significant policy differences between the two candidates could lead to varied market reactions, especially in the bond market. Contopoulos noted that investor sentiment and expectations around fiscal policy will play a crucial role, while Jersey emphasized the importance of monitoring economic indicators in the lead-up to the election.

October 26, 2024

Market News

Business

Cryptocurrency Values Plummet Amid US Investigation of Tether Issuer

Cryptocurrencies took a hit today after news broke that the U.S. is investigating the issuer of Tether, a stablecoin that supports much of the trading in digital assets. This has raised concerns in the market, causing prices to dip across various cryptocurrencies. Traders are now watching closely as the situation develops.

October 26, 2024

Market News

Tech giants Google and Amazon invest in advanced nuclear energy to power data centers, amidst debates on safety and efficiency.

Google and Amazon are making significant moves in renewable energy by investing in advanced nuclear power. Google has partnered with Kairos Power to buy electricity from their innovative reactors, while Amazon is investing $500 million in the X-Energy Reactor Company to source power from new reactors in Washington State. These initiatives aim to address the ...

October 26, 2024

Market News

Business

Bank of Canada: Immigration Cuts Have Limited Inflation Impact

Bank of Canada Governor Tiff Macklem has stated that the federal government's decision to reduce immigration targets will have a modest effect on economic growth. However, he believes the impact on inflation will be limited.

October 26, 2024

Market News

Business

Septerna Inc. Shares Jump 19% After Successful 8 Million IPO

Septerna Inc. Shares Jump 19% After Successful $288 Million IPO

Septerna Inc. shares surged 19% in their trading debut today after the biotechnology company raised $288 million in a larger-than-expected initial public offering. This strong performance reflects investor confidence in the company’s potential and growth prospects.