Articles for category: Business

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Biden Debunks Job Growth Fabrication Amid Positive September Report

Biden Debunks Job Growth Fabrication Amid Positive September Report

According to the September Jobs report, hiring is on the rise, and the unemployment rate has dropped to 4.1%. This is seen as a positive sign for the economy. In a press conference today, President Joe Biden addressed accusations that the job growth numbers are exaggerated. Jared Bernstein, the Chair of the White House Council of Economic Advisers, discussed the report's impact on Americans with Kailey Leinz on "Balance of Power."

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Business
Wall Street Wrap-Up: Expert Insights on Today’s Market Movements

Wall Street Wrap-Up: Expert Insights on Today’s Market Movements

Good evening. This is Bloomberg Television, bringing you the latest on Wall Street as we approach the closing bell. Today’s lineup features insights from Eric Van Nostrand of the US Department of Treasury, Elena Hernandez from GenTrust, and Alan Murphy of Sea-Intelligence. We’ll also hear from Edward Morse at Hartree Partners, Nancy Tengler of Laffer Tengler Investments, and Bloomberg's own Vincent Cignarella. Cathie Wood from Ark Investment Management will share her perspective, alongside Debbie Dyson from Uneten. Finally, Zach Rider and Sarah Hoffman will provide additional analysis, with insights from Kendra Kawala of Maker Wine. Stay tuned for expert opinions and live updates as we navigate today's market trends.

Market News

Business
Cathie Wood: Fed’s Rate Cut Not a Mistake; AI Investments Vital

Cathie Wood: Fed’s Rate Cut Not a Mistake; AI Investments Vital

Cathie Wood, CEO of ARK Investment Management, stated that the Federal Reserve's recent rate cut was not a mistake, especially in light of a positive September employment report. Speaking on "Bloomberg The Close," she emphasized that current regulations are "strangling this economy." Wood also shared insights on investing in AI and expressed her continued support for Tesla.

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Business
Maker Wine Founders Discuss Premium Canned Wine Innovation and Strategy

Maker Wine Founders Discuss Premium Canned Wine Innovation and Strategy

Sarah Hoffman and Kendra Kawala, co-founders of Maker Wine, recently discussed their innovative approach to the premium canned wine market with Bloomberg's Scarlet Fu and Vonnie Quinn. They emphasized how their brand aims to redefine wine drinking, making it more accessible and convenient without compromising on quality. The duo highlighted the importance of sustainability and their commitment to using eco-friendly packaging. With the rise in popularity of canned wines, they believe Maker Wine is well-positioned to capture a new generation of wine enthusiasts looking for both flavor and functionality.

Market News

Business
Oil Prices Set to Surge as Iran Tensions Escalate, Experts Warn

Oil Prices Set to Surge as Iran Tensions Escalate, Experts Warn

Oil prices are expected to rise as tensions escalate in Iran, according to Ed Morse, Senior Adviser at Hartree Partners. Speaking on "Bloomberg The Close," Morse noted, "There is no spare capacity to cover the closing of the Strait of Hormuz," a vital shipping route for oil. He warned that a closure of the strait could push oil prices above $100 a barrel.

DeFi Explained: Simple Guide
DeFi Explained: Simple Guide
Green Crypto and Sustainability
Green Crypto and Sustainability
China’s Stock Market Rally and Outlook
China’s Stock Market Rally and Outlook
The Future of NFTs
The Future of NFTs
The Rise of AI in Crypto
The Rise of AI in Crypto
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DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto