Articles for category: Business

October 13, 2024

Wall Street Wrap-Up: Insights from Industry Leaders Before Closing Bell

Bloomberg Television reports on the latest market movements and insights just before and after the closing bell on Wall Street. Today's lineup includes Bloomberg News Journalist Emily Graffeo, Wells Fargo CFO Mike Santomassimo, Gabelli Funds Portfolio Manager Macrae Sykes, and Joanne Hsu, Director of Surveys of Consumers at the University of Michigan. Other guests include Jonathan Caplis, CEO of Pivotal Path, Dana D'Auria, Co-CIO at Envestnet, and Daphne Pariser, CEO of Heron-AI. Additionally, Chad Mumm, Founder of Pro Shop Holdings, and Netflix's 'Full Swing' Executive Producer, along with Little Spoon Co-Founders Angela Vranich and Jason "Jadakiss" Phillips, Founder of Kiss Cafe Coffee, Robert Phillips, join the discussion. Stay tuned for their expert analysis and market predictions.

October 13, 2024

Market News

Business

New Zealand Eases Investment Rules to Attract Foreign Capital Growth

New Zealand's government has announced plans to relax investment rules to attract more foreign capital. This move aims to boost productivity growth in the country. Officials believe that by making it easier for foreign investors to enter the market, New Zealand can enhance its economic performance and create more opportunities for growth.

October 13, 2024

Market News

Business

Impact of Immigration on US Economy and Black Male Votes

On today's episode of "Balance of Power," Zeke Hernandez, an Associate Professor at the Wharton School, discusses the effects of both legal and illegal immigration on the US economy. He highlights how these immigration patterns influence labor markets and economic growth. Additionally, Quentin James, Founder and President of The Collective PAC, shares his insights on Vice President Kamala Harris's efforts to connect with and earn the votes of Black men. Their discussions shed light on the complex intersection of politics and business in shaping the nation's future.

October 13, 2024

Market News

Business

Rio Tinto’s Recovery Journey: From Disastrous Investments to Resilience

A decade ago, Rio Tinto Group faced significant challenges from poor investment decisions. The company made a costly acquisition of Alcan Inc. at the peak of the market, followed by a problematic takeover of Riversdale Mining Ltd. in Mozambique. As the commodities boom slowed, leaders were ousted and write-downs increased, leaving the company to grapple with the fallout from these missteps.

October 12, 2024

Market News

Business

San Francisco’s Revival: Insights from Business Leaders and Innovators

This week, we take a look at San Francisco through the perspectives of business leaders like Prologis CEO Hamid Moghadam and Ripple co-founder Chris Larsen, who believe the city can be revitalized. We also delve into the competition among private space companies and how SpaceX's innovative model stands out. Additionally, we explore the economics of populism and how governments are reacting to the demands of the public.

October 12, 2024

Market News

Business

U.S. Market Close Analysis on Bloomberg: Key Insights and Coverage

Good evening. Here’s a quick recap of today’s market close. Major indices fluctuated throughout the session, with investors digesting mixed economic data and corporate earnings. The Dow Jones ended slightly lower, while the S&P 500 and Nasdaq posted modest gains, bolstered by positive tech stocks. In commodities, oil prices showed volatility amid supply concerns. Stay tuned for more in-depth analysis and expert insights, only on Bloomberg Television and Radio.

October 12, 2024

Market News

Business

Global Market Insights: Taleb and Experts Analyze Wall Street Trends

Bloomberg Markets today is tracking key movements in global asset classes and examining critical Wall Street issues. Joining the discussion are Bloomberg's Enda Curran, Nassim Taleb from Universa Investments, and Cheryl Pate of Angel Oak Capital. Tune in for insights and expert analysis on the latest trends impacting the markets.

October 12, 2024

Market News

Business

Fitch Ratings Cuts France’s Outlook Amid Budget Concerns and Rising Debt

Fitch Ratings has placed France on a negative outlook just one day after the government unveiled its 2025 budget. This move highlights concerns over Prime Minister Michel Barnier's handling of the country's worsening public finances.

October 12, 2024

Market News

Business

Boeing Faces Billion Charges Amid Workforce Cuts and Strikes

Boeing Faces $5 Billion Charges Amid Workforce Cuts and Strikes

Boeing is set to incur around $5 billion in charges due to ongoing challenges with its programs, coupled with plans to reduce its workforce. This decision comes as the company grapples with a protracted strike by workers and an increasing cash crisis. Bloomberg Intelligence's George Ferguson offers insights on the situation. For more details, check out the Bloomberg Businessweek Podcast.

October 12, 2024

Market News

Business

Insights from Axonic and Barings Leaders on Consumer ABS Trends

Peter Cecchini of Axonic Capital and Yulia Alekseeva from Barings joined Sonali Basak on Bloomberg Real Yield. They discussed current trends in the consumer asset-backed securities and commercial mortgage-backed securities markets. The conversation highlighted investment strategies and market challenges, providing insights into how these sectors are performing amid economic fluctuations.