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.
All seven Chicago Board of Education members will resign later this month, following months of rising tensions between the city and the school district, which are grappling with significant budget deficits.
Private Equity-backed STG Logistics has secured a deal with a group of lenders to restructure its debt. This agreement allows STG to move ahead of its competitors in the repayment priority line, according to sources familiar with the situation.
Michael Best, Barings High Yield Portfolio Manager, predicts that the default cycle may extend over the next one to two years. Meanwhile, Maureen O'Connor, Wells Fargo's Global Head of High Grade Debt Syndicate, notes an increase in idiosyncratic risk. They shared these insights during a discussion with Sonali Basak on "Bloomberg Real Yield."
The European Union has imposed tariffs on electric vehicles from China, a significant economic action that could lead to retaliation from Beijing. This decision raises concerns about its impact on European consumers and companies. Kevin Whitelaw reports.
FTSE Russell reported successful meetings with India’s securities regulator regarding access to the country's bond market. This comes as the firm prepares to decide on including Indian debt in its index, according to a Bloomberg document.
In a recent statement, economist Mohamed El-Erian emphasized that the Federal Reserve must refocus on combating inflation. This comes after September's surprising jobs report, which highlighted that inflation remains a pressing issue. El-Erian warns that the data serves as a reminder that inflation "is not dead," indicating the need for continued efforts to stabilize prices.
