Betsey Stevenson said the Inspector General’s report finding no criminal wrongdoing in the Fed renovations confirms what many already suspected: the investigation was about a president pushing against the Federal Reserve’s independence. She argued Jerome Powell respected the institution’s need to stay separate from presidential influence because the Fed’s job is to keep prices stable and employment at maximum sustainable levels. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
Distressed-debt hedge funds Diameter Capital Partners, Redwood Capital and FourSixThree Capital bought about $190 million of Brightline’s municipal bonds from Nuveen this week, according to people familiar with the matter.
The gap between today’s mortgage rates and the low rates many homeowners locked in before 2022 is reducing moves and home sales. This is limiting the supply of homes for sale and contributing to higher prices, explains Bloomberg Opinion columnist Justin Fox. (Source: Bloomberg)
Since first forming as a scientific club in 1888, National Geographic has evolved into one of the world's most recognizable magazines in the world. Chief Storytelling Officer Kaitlin Yarnall joins Bloomberg Businessweek Daily to discuss National Geographic's news book which tells the 130+ year history of the organizations "legendary photographs, artifacts, adventures, and discoveries that changed the world." (Source: Bloomberg)
As the elite and elusive executives at Jane Street break industry records, the question of who wields power there remains one of its enduring enigmas. Bloomberg's Max Abelson and Katherine Doherty explain. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Christina Ruffini and David Gura. (Source: Bloomberg)
A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. Bloomberg's Benedikt Kammel has more.
(Source: Bloomberg)
Municipal bond asset managers are finding opportunities in the rout that tore through markets this month, with cheaper valuations and the highest yields in years drawing investors.
Bill Ackman, CEO and founder of Pershing Square joins Dani Burger on "Bloomberg Deals." They discuss the recovery of Ackman's daughter after she suffered a brain hemorrhage.
(Source: Bloomberg)
Hertz Global Holdings Inc., the car rental company, is working with adviser PJT Partners to extend the maturities of its debt, some of which will come due in two months, according to people familiar with the matter.
Kristin Kallergis Rowland, global head of alternative investments at JPMorgan Private Bank, joins Dani Burger on "Bloomberg Deals." Kristin Kallergis Rowland explains how an investor ends up being on both the bull and bear side of AI. (Source: Bloomberg)
A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. Catastrophe was narrowly avoided after a passenger and members of crew stormed the cockpit of the FlyDubai plane that had taken off in Dubai and managed to stabilize the jet, after it plunged more than 14,000 feet (4,300 meters) in less than 30 seconds at almost the speed of sound. (Source: Bloomberg)
The US has formally concluded Operation Inherent Resolve in Iraq with the departure of coalition forces and equipment, according to a Pentagon statement. Lt. General Karen Gibson (Retired), Former-Deputy Director of National Intelligence joined to discuss this as well as the latest in the Middle East. (Source: Bloomberg)
A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism could protect good companies and steer entrepreneurs' talents in socially beneficial directions. (Source: Bloomberg)
Jan Vesely, partner, head of AI infrastructure and transition infrastructure at EQT, Tenzin Seldon, founder & managing partner at Pulse Fund, and Vinay Shandal, global head of sustainable investing at BCG, join Dani Burger on "Bloomberg Deals." They discuss the climate investing and how data center companies must present solutions for higher energy and water costs.
(Source: Bloomberg)
Senator Ted Budd, Republican from North Carolina, joined Balance of Power to discuss the Senate's last day in session before midterms. He also discussed recent news from the Fed and how the US must stay ahead of China when it comes to AI. (Source: Bloomberg)
Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Some investors approached about potentially buying shares in Oura’s now-delayed IPO decided not to go forward because of concerns including the health and fitness ring-maker company’s target valuation, according to people familiar with the matter.
(Source: Bloomberg)
A runaway rally in shares of Ford Motor Co. has evaporated due to the growing economic pressure on US automakers and fading hopes that the company will reap a windfall from the AI boom.
