After a week of rising inflation fears and surging bond yields, US presidential politics seemed to heat up. However, risk-asset investors remained largely unfazed. The key takeaway is that despite ongoing economic concerns, markets showed resilience and confidence.
According to Activate Consulting's recent report, the tech, internet, and media sectors are projected to contribute over $1.1 trillion in global growth in the next four years. Activate CEO Michael Wolf discussed this outlook and the future of the AI sector on Bloomberg Technology.
Thomas A. Martin, senior portfolio manager at GLOBALT Investments, expressed optimism about the upcoming tech earnings season during his appearance on "Bloomberg Technology" with Caroline Hyde and Ed Ludlow. He highlighted specific sectors he is focusing on, signaling positive trends in the tech industry.
The Biden administration has called for a faster adoption of artificial intelligence in military and intelligence applications. A new national security memorandum directs agencies to swiftly deploy the most advanced AI systems while ensuring safety. Bloomberg Government’s Courtney Rozen discussed the implications of this move on "Bloomberg Technology."
TSMC has hit early production yields at its Arizona plant that outpace similar facilities in Taiwan. This achievement marks a significant turnaround for a US expansion project that faced delays and labor issues. Anja Manuel, executive director of the Aspen Strategy Group, discussed the implications for US chip manufacturing ambitions on "Bloomberg Technology" with Caroline Hyde and Ed Ludlow.
French investment firm Wendel has agreed to acquire a majority stake in private lender Monroe Capital for $1.13 billion. This move aims to expand Wendel's presence in the growing private credit market. Monroe Capital's Chairman and CEO, Ted Koenig, discussed the deal in an interview with Sonali Basak on "Bloomberg Markets."
L2 Point Management has successfully closed its inaugural fund, raising nearly $460 million in capital. Managing Partner, Founder, and CIO Kerstin Dittmar discussed the growth capital structure and the firm’s entry into private equity during an interview with Sonali Basak on "Bloomberg Markets."
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.
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.
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.
