A revival in the global AI trade pushed South Korean stocks toward a technical bull market, marking a dramatic turnaround from last month's historic rout. Bloomberg TV's Avril Hong breaks down the latest moves.
Molly Brooks, US Rates Strategist at TD Securities, discusses how the latest US core inflation data is likely to ease pressure on the Federal Reserve to raise interest rates. She speaks with Shery Ahn on Bloomberg: The Asia Trade.
Bob Diamond, CEO of Atlas Merchant Capital & Elliott Lorenz, Co-Founder & CEO of Edge Focus discuss the new minority investment. They also discussed the role of private credit in consumer debt.
After leaving Wedbush, Dan Ives has launched a new merchant bank that he says will deliver the same research he's known for, but with people who want to innovate and grow in this "Fourth Industrial Revolution." The wide-ranging conversation touches on AI skepticism, China's role in the AI industry, and why he sees the AI industry going to heights that we may not yet be able to see.
In a groundbreaking collaboration, luxury fashion house Louis Vuitton and high-end automotive restoration company Singer have teamed up to create custom Porsche cars. This marks a first for both brands, as Louis Vuitton has never engaged in co-branding before, and Singer has not previously partnered on such a project. Rob Dickinson & Mazen Fawaz speak with Romaine Bostick on "The Close."
Dr. Debra Houry, Former Deputy Director for Program & Science at the CDC, discusses the ongoing cyclospora outbreak amid conflicting messages from health authorities. While the Department of Health and Human Services (HHS) declared the outbreak contained and stated that salad is safe to eat, CDC data through August 11 shows a 33% increase in confirmed cases, with nearly 14,000 reported and an additional 10,000 cases still under investigation. Dr. Houry explains that reporting of cyclospora cases to the CDC is no longer mandatory, leading to discrepancies between state and federal data, as states may include suspected but unconfirmed cases. She speaks with Romaine Bostick on "The Close."
Bank of America announced a $250 billion investment initiative aimed at enhancing critical infrastructure across the United States over the next 18 months. Karen Fang, the bank's Global Head of Infrastructure & Sustainable Finance, explained that the initiative focuses on three key areas: digital infrastructure including data centers, energy and power development, and core infrastructure. She speaks with Romaine Bostick & Isabelle Lee on "The Close."
CME Group is preparing to expand its 24/7 trading hours to include the 100-ounce silver futures contract, pending regulatory approval, following the recent launch of its around-the-clock one-ounce gold futures contract. Jin Hennig, CME Group Managing Director and Global Head of Metals, explained that strong retail demand and significant weekend trading volumes in gold futures, exceeding $200 million in notional value over recent weekends, have driven the decision to extend 24/7 trading to silver. She speaks with Romaine Bostick & Isabelle Lee on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
Cava co-founder and CEO Brett Schulman says the company has not been impacted by the cyclospora outbreak. Speaking on "Bloomberg The Close," Schulman also comments on recent dining trends and the company's growth outlook.
