Bloomberg News and Videos — Page 29

Man Group Chief Market Strategist Kristina Hooper says inflation will persistently stay above the Federal Reserve's target. She speaks on "Bloomberg Open Interest."

Global bond yields have resumed their march higher on Monday, with US rates pushing to pre-global financial crisis highs again. With oil ticking higher on fresh Middle East headlines and the Empire Manufacturing survey coming in hotter than expected, yields have extended their ascent in the US session. The emergence of weaker employment and inflation looked like it might have been enough to keep the long end of the curve at bay, but the balance of risks is shifting back toward higher rates. For more on the broader rate environment, we speak with Steven Major, Global Macro Advisor at Tradition.

Nth Cycle CEO Megan O'Connor joins Bloomberg Open Interest to explain why China's control of more than 85% of critical-mineral refining poses a major US supply-chain risk. She breaks down Washington's push to keep battery materials at home, the government support needed to compete with China, and how Nth Cycle says its technology can bring domestic refining online faster.

Serve Robotics CEO Ali Kashani joins Bloomberg Open Interest to explain why the company is shifting toward DoorDash and Grubhub, how delivery robots could cut last-mile costs and why sidewalk delivery is only the beginning. Kashani says the same AI-powered technology could eventually transform hospitals, logistics and everyday robotics.

On this episode of Stock Movers: - Shares of Alibaba (BABA) rise after disclosing a deal to sell its gaming arm and touting claims of more than 3 billion downloads for its open AI model. - Shares of DR Horton (DHI) and Macy's (M) are moved higher after Berkshire Hathaway disclosed stakes in the companies in a filing. - Shares of Snap (SNAP) are down in trading Monday. The stock is set to end its win streak over past two sessions.

Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting "twitchy" further out on the curve. He says the US Treasury is not doing any favors for the taxpayer "by issuing long bonds north north of 5% yield." He speaks on "Bloomberg Surveillance."

Jane Street posted roughly $15 billion of losses in July, its first monthly loss in about a decade, due to its investment in Situational Awareness and wrong-way bets in Asian equity markets. Katherine Doherty reports on "Bloomberg Open Interest."

The surge in new AI debt is potentially crowding out long-end Treasury demand and has played a major role in the rise of bond yields, with some estimates suggesting it has pushed up 10-year rates by about 0.3 percentage point this year. Robert Schiffman of Bloomberg Intelligence has more.

Alphabet is looking to raise about $3.6 billion in what would be its debut bond offering in Australia, according to people familiar with the matter. Initial price guidance on the deal may be provided as early as Tuesday, with the notes potentially pricing the following day. Mandeep Singh of Bloomberg Intelligence has more.

Steven Major, global macro advisor at Tradition Dubai, says, "the focus is Jackson Hole already" for the bond market as he examines the factors he sees contributing to the move higher in the long end of the yield curve.