Shares of Arcadium Lithium Plc soared today after reports emerged that Rio Tinto Plc is in negotiations to acquire the smaller lithium miner. Investors are reacting positively to the potential deal, boosting Arcadium's stock price significantly.
Good evening. Here’s a recap of today’s U.S. market close. Stocks ended mixed, with the S&P 500 barely in the green, while the Dow slipped slightly. Tech shares showed strength, driven by gains in major companies, though ongoing concerns over inflation and interest rates continued to weigh on investor sentiment. The bond market remained stable, and energy stocks rallied as crude prices increased. Our team will break down these trends and what they mean for your portfolio. Stay tuned for more insights on Bloomberg Television, Radio, and YouTube.
S&P Global Ratings has upgraded Serbia's sovereign credit score, moving its foreign-currency bonds out of junk status. This marks a significant step in Serbia's journey towards becoming an investment-grade issuer, attracting more investors and enhancing economic prospects.
As American households grapple with rising debt, SoLo Funds Co-Founder Rodney Williams highlights the struggles of low-income consumers who continue to feel the financial strain. He discussed these issues in an interview with Vonnie Quinn on "Bloomberg Markets."
A former client of JPMorgan Chase & Co. has lost a legal battle to recover his lost fortune. The once-wealthy individual saw his financial portfolio collapse as he slipped into dementia. The court ruled against his claims that the bank mishandled his assets, leaving him without a path to reclaim his wealth. This case highlights the challenges faced by those experiencing cognitive decline and raises questions about financial management for vulnerable clients.
In today's Bloomberg Markets, the focus is on market movements across global asset classes and key issues impacting Wall Street. Guests include FS Investments Chief US Economist Lara Rhame, who will provide insights on the economic outlook, and SoLo Funds Co-Founder Rodney Williams, who will discuss the evolving landscape of alternative financing. Tune in for expert analysis and the latest market trends.
PIMCO economist Tiffany Wilding commented on the September US employment report during her appearance on “Bloomberg Open Interest.” Wilding noted that while the US economy is slowing, it's not crashing and appears to be stabilizing into a more “normal” pattern.
Toyota is increasing its investment in Joby Aviation by $500 million, raising its total investment to $894 million. Joby CEO JoeBen Bevirt discussed this development on Bloomberg Technology with hosts Caroline Hyde and Ed Ludlow.
Vinod Khosla, founder of Khosla Ventures, recently joined Caroline Hyde and Ed Ludlow on "Bloomberg Technology" to discuss OpenAI's latest funding round, in which his firm participated. Khosla emphasized the profound impact of artificial intelligence on society and highlighted OpenAI's pivotal role in the AI landscape.
Brown University’s endowment experienced a strong return of 11.3% for the year ending in June, increasing its total value to $7.2 billion.
