Shares of New Zealand firm Hallenstein Glasson Holdings are climbing, thanks in part to mall-loving teens who are helping the fast-fashion company defy consumer gloom at home and in Australia.
Maritime traffic through the Strait of Magellan jumped more than 70% both in August and September from year-ago levels as ships diverted from the drought-stricken Panama Canal, Chilean Navy data requested by Bloomberg show.
Florida’s public schools are borrowing to pay their bills at the highest level on record, as enrollment declines and competition from school choice programs put pressure on budgets.
A surprising first round in Brazil’s presidential election is raising the prospect of a recalibration in trade policy, with a possible Flávio Bolsonaro government likely to deepen ties with Washington while preserving much of the country’s push to diversify markets.
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible.
The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers. Bloomberg's Hannah Miller joins to discuss. (Source: Bloomberg)
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Stocks push toward new highs, but Ray Dalio is sounding the alarm on bonds. JPMorganChase Chairman & CEO Jamie Dimon joins us exclusively on rising debt, dealmaking and AI’s growing cyber threat. Plus, Nvidia nears a $6 trillion valuation, Google makes a major nuclear power bet, and Oaktree’s Danielle Poli reveals where credit risk is building.
Correction: "This video was edited to correct the spelling of "Yehuda Shmidman" that aired in the program at 10:40 am ET." (Source: Bloomberg)
Johnson & Johnson Chairman & CEO Joaquin Duato says artificial intelligence is a force multiplier and has to be embraced. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded on June 16 in Washington. (Source: Bloomberg)
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.
Brazil conglomerate Cosan SA is reassessing plans to sell assets after it cut debt by half in the past year and as market conditions improved in Brazil on bets that opposition candidate Flávio Bolsonaro will be elected president, according to people familiar with the matter.
El petróleo de Medio Oriente vuelve a fluir casi como antes de la guerra en Irán. Entonces, ¿por qué el crudo sigue sobre los US$100 por barril y un 40% por encima de los niveles previos al conflicto? Te explicamos cinco razones. (Source: Bloomberg)
Employer-sponsored health insurance is rapidly deteriorating in the US. With premiums expected to increase by 11% next year, it’s time Americans embraced a universal public health insurance system, explains Bloomberg Opinion columnist Kathryn Anne Edwards. (Source: Bloomberg)
Heating bills for American households that rely on oil to warm their homes are expected to be 21% higher than last winter, according to the US Energy Information Administration.
Leading oil executives warned that the world is running out of stopgaps to manage the impact of the Iran war as the conflict extends into an eighth month.
Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed will look later this year to update its rules for fixed-dollar asset thresholds in a bid to account for inflation and economic growth. “This will preserve the policy intent at the time the threshold was implemented,” Bowman said Tuesday in remarks to a community banking research conference. (Source: Bloomberg)
Trafigura Group and partners have agreed to build a $300 million high-voltage transmission line linking Zambia’s power grid to the Democratic Republic of Congo’s copperbelt.
As higher rates bite and SEC scrutiny rises, Danielle Poli, a Managing Director and Co-Portfolio Manager at Oaktree, joins Bloomberg Open Interest to break down where credit risk is really building, and where the best opportunities are. From complex data-center deals to looming refinancings and distressed software names, she explains how smart credit investors are positioning. (Source: Bloomberg)
WHP Global is bringing Toys "R" Us back to life with over 120 new US stores despite falling consumer confidence. Yehuda Shmidman, the founder, chairman and CEO of the brand licensing company WHP Global, joins Bloomberg Open Interest to explain why toy demand is surging, the rise of the “kidult” shopper, and how an asset‑light licensing model is powering billions in sales and potential IPO plans.
(Corrects spelling of guest Yehuda Shmidman) (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
