Articles for category: Business

November 2, 2024

Wall Street Insights: Expert Analysis Before Closing Bell Today

Bloomberg Television is set to deliver the latest news and analysis as we approach the Wall Street closing bell. Today's lineup features insights from industry experts including Veronica Clark from Citi, Joyce Chang from JPMorgan, and Alicia Reese from Wedbush. Joining them are Abigail Doolittle from Bloomberg News, William Gould from Charles A. Beardsley Professor, Andrew Ng from LandingAI, and Dan Ives from Wedbush. The discussion will also include Eli Yokley from Morning Consult, Poppy Macdonald from USAFacts, Mark Baldassare from the Public Policy Institute of California, Sheila Lirio Marcelo from Ohai.AI, and Mariam Naficy from Arcade. Stay tuned for their perspectives on the market as it wraps up for the day.

November 2, 2024

Market News

Business

Comcast Explores Divestiture Options for Cable Networks with Morgan Stanley

Comcast is working with Morgan Stanley to explore options for its cable networks. This comes after the company announced it's considering selling the business.

November 2, 2024

Market News

Business

Exxon and Chevron Boost Fossil Fuel Production Amid OPEC Supply Increase

Exxon Mobil and Chevron have wrapped up the Big Oil earnings season with impressive announcements of increased fossil fuel production. This comes as OPEC and its allies gear up to boost crude supply in the global market.

November 2, 2024

Market News

Business

US Hiring Slows to 2020 Low Ahead of Election, Impacting States

In October, the Labor Department reported that U.S. hiring picked up at its slowest pace since 2020. Bloomberg's Tyler Kendall examined how this slowdown is affecting key battleground states ahead of the upcoming election.

November 2, 2024

Market News

Business

Market Insights with T Rowe Price and Capital Fund Management Experts

Today on Bloomberg Markets, the focus is on the latest market moves across global asset classes and key issues impacting Wall Street. Guests include Blerina Uruçi, Chief US Economist at T Rowe Price, and Christian Dery, Head of Macro Strategy at Capital Fund Management.

November 2, 2024

Market News

Business

Fitch Upgrades Egypt’s Credit Rating Amid Economic Recovery Efforts

Egypt’s credit rating has been upgraded by Fitch Ratings for the first time since 2019. This upgrade comes as the country continues to recover from two years of economic crisis, bolstered by a $57 billion global bailout. This positive change signals growing confidence in Egypt's economic stability.

November 2, 2024

Market News

Business

Turkey’s Credit Rating Upgraded Again Amid Economic Improvements

Turkey's credit rating has been upgraded by S&P Global Ratings for the second time this year. This decision reflects the country's growing reserves, a decrease in inflation, and a better current account deficit. This upgrade signals increasing confidence in Turkey's economic stability.

November 2, 2024

Market News

Business

Lumio Holdings Sold to Zeo Energy, Avoiding Liquidation Crisis

Lumio Holdings Inc., a solar installer, has received approval from a US bankruptcy court to sell its business to Zeo Energy Corp. This deal comes as a relief, preventing liquidation which some creditors had sought.

November 2, 2024

Market News

Business

Tesla Raises 9 Million Through Solar Equipment Loan-Backed Bonds

Tesla Raises $499 Million Through Solar Equipment Loan-Backed Bonds

Tesla Inc. has successfully raised $499 million by selling bonds backed by loans for customers purchasing solar equipment. This move aims to strengthen the company's financing options and support its sustainability initiatives. The bonds will provide capital to expand Tesla's solar energy business, making solar installations more accessible to consumers.

November 2, 2024

Market News

Business

Innovative Tech Trends Unveiled at 2024 Bloomberg London Conference

At the 2024 Bloomberg Tech London event, industry leaders gathered to discuss the latest advancements in technology and innovation. Key topics included the rise of artificial intelligence and its impact on the job market, sustainable tech initiatives, and the future of digital finance. Notable speakers emphasized the need for collaboration between tech companies and regulators to ensure ethical AI development. Networking opportunities were plentiful, fostering discussions on emerging trends and startup growth. The event highlighted London’s role as a global tech hub, showcasing its vibrant ecosystem and potential for future investments.