Bloomberg
UBS's Issel Likes High-Quality Bonds, Neutral on Tech
Hartmut Issel, head of APAC equities and credit at UBS Wealth Management, discusses the state of the markets, his investment strategy and where he's finding opportunity. He speaks on Bloomberg Television.
Bloomberg
Dimon Warns World May Not Be Ready for Fed at 7%: TOI
Jamie Dimon, chief executive officer at JPMorgan Chase & Co. says the world may not be prepared for a worst-case scenario of Federal Reserve benchmark interest rates hitting 7% along with stagflation. Menaka Doshi reports on Bloomberg...
Bloomberg
GM, Stellantis Face More UAW Walkouts
General Motors Co. and Stellantis NV are facing walkouts at 38 more facilities after talks last week with the United Auto Workers failed to make headway. Su Keenan reports on Bloomberg Television.
Bloomberg
US to Establish Ties With Niue, Cook Islands
The US is set to establish diplomatic relations with the tiny Pacific nations of Niue and the Cook Islands as China's influence in the region grows. Paul Allen reports on Bloomberg Television.
Bloomberg
Hollywood Writers Reach Tentative Pact With Studios
Striking Hollywood screenwriters reached a tentative new labor agreement with the studios. Su Keenan reports on Bloomberg Television.
Bloomberg
Malaysia PM Reveals New Overtures to End 1MDB Scandal
Malaysian Prime Minister Anwar Ibrahim says Goldman Sachs executives have made new overtures to try and end the costly 1MDB corruption scandal. He speaks with Bloomberg's Haslinda Amin in New York.
Follow Bloomberg for business news &...
Bloomberg
Powell's Key Comments After Fed Leaves Rates Unchanged
Federal Reserve Chair Jerome Powell spoke at a press conference after the central bank left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer. Here are his key remarks.
Bloomberg
Stellantis Makes New Offer to UAW; GM Says Union's Demand Is Too High
The United Auto Workers says Stellantis NV made a new contract offer, while officials of General Motors Co. say the union's demand remains too high. Su Keenan reports on Bloomberg Television.
Bloomberg
Instacart Delivers 12% Debut Gain After $660 Million IPO
Online grocery delivery firm Instacart ended its trading debut 12% higher after jumping as much as 43% following the fourth-biggest US initial public offering this year. Katie Roof reports on Bloomberg Television.
Bloomberg
Federal Reserve May Cut Interest Rates in 4Q 2024, Lockhart Says
Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, discusses monetary policy and the outlook for the economy. The Fed on Wednesday left its key rate unchanged while signaling borrowing costs will likely stay higher...
Bloomberg
Julius Baer Is 'Overweight' US Stocks; Likes Japan, India
Mark Matthews, head of Asia research at Julius Baer, explains why he favors stocks in the US, Japan and India. He also shares his views on China's economy, the government's efforts to support growth, and the implications for financial...
Bloomberg
US, China Officials Meet in Malta to Keep Channels Open
A possible November meeting between Joe Biden and Xi Jinping was on the agenda when senior US and Chinese officials met over the weekend in Malta. Stephen Engle reports on Bloomberg Television.
Bloomberg
UAW Members Continue Strike Against GM, Ford, Stellantis
Auto workers in the US continue to strike against General Motors Co., Ford Motor Co. and Stellantis NV as their union pushes for dramatic reset of the wage scales and working conditions. Keith Naughton reports on Bloomberg Television.
Bloomberg
Former Dallas Federal Reserve Chief Kaplan Expects 'Pause' Next Week
"We'll see a pause next week. However, the economy is resilient heavily because of fiscal spending. Unspent American Rescue Act funds the Inflation Reduction Act, the Infrastructure Act. And because of that, the Fed is going to need to...
Bloomberg
Chip Designer Arm's 25% Debut Gain Delivers Win for Owner SoftBank
Arm Holdings Plc climbed 25% in its US trading debut, helping shares of its owner SoftBank Group Corp. rise in Tokyo. Arm has raised $4.87 billion in the year's biggest initial public offering. Min Jeong Lee reports on Bloomberg Television.
Bloomberg
US Amb. Sees 'Smaller Things' Over Grand UK Trade Deal
US Ambassador to the UK Jane Hartley discusses the prospect of a trade agreement between the two nations, saying the UK is still "at the top of the list' as a place to invest for US companies. She speaks on "The Pulse With Francine Lacqua."
Bloomberg
Birkenstock Files for IPO, Plans NYSE Listing
Birkenstock Holding filed for an IPO, saying it intends to list on the NYSE. Bailey Lipschultz reports on Bloomberg Television.
Bloomberg
US CPI May Throw Curveball to Yen Rally
The odds have shifted to the yen's favor at the start of the week but it may still be vulnerable to sharp movements as the U.S. consumer price index print and central bank meetings loom large in markets. Paul Jackson reports on Bloomberg...
Bloomberg
Arm's IPO Orders Already Oversubscribed by 10 Times
The initial public offering of Arm Holdings Ltd., the chip designer owned by SoftBank Group Corp., is already oversubscribed by 10 times, and bankers plan to stop taking orders by Tuesday afternoon, according to people familiar with the...
Bloomberg
BlackRock Doesn't See Major Shift by Bank of Japan Any Time Soon
Thomas Taw, head of Asia Pacific iShares investment strategy at BlackRock, discusses policies of central banks in Japan, the US, China, and the implications for financial markets. Bank of Japan Governor Kazuo Ueda told a local newspaper...
Bloomberg
G-20 Nations Hail India's Success
India's G-20 summit has wrapped up with an agreement on a joint communique that included consensus on Russia's war with Ukraine. Haslinda Amin reports on Bloomberg Television.
Bloomberg
Fed May Still Have to Do More for US Economy: Gruenwald
"Although the base line is for a soft landing, the risk is that the Federal Reserve may have to do more." Paul Gruenwald, global chief economist at S&P Global Ratings, discusses the US economy, the risks he's been seeing and his outlook...
Bloomberg
Global Leaders Head to New Delhi for G-20
Final preparations are underway in New Delhi as India gets ready to host this weekend's G-20 Summit. US President Biden is on his way, but Chinese President Xi Jinping and Russian President Vladimir Putin will not be attending. Haslinda...
Bloomberg
China's Challenge Is Move to Services Orientation: CLSA
"The real challenge for China is to move toward a services orientation and to grow consumption." Shaun Cochran, head of research at CLSA, discusses China's economy and his outlook for the US. He speaks on Bloomberg Television.