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Financial

Higgsfield CEO on Intel Backing, $5.4 Billion Valuation

Alex Mashrabov, Co-Founder & CEO of Higgsfield, joins the program to explain what Higgsfield is and the specific problems it addresses for its users. The discussion provides insight into the company's core business and how it aims to meet the needs of its customer base. He speaks to Scarlet Fu & Isabelle Lee on "The Close."

Read more: Higgsfield CEO on Intel Backing, $5.4 Billion Valuation
Bloomberg
Financial

Long-Term Debt Costs Soar to Highest in Decades as Bonds Slump

Bloomberg Intelligence chief US interest rate strategist Ira Jersey said that part of the reason for the rise in yields for long-term treasuries is that US bonds have to compete with bonds from other countries like Japan. Jersey, who was joined by Bloomberg's Davide Barbuscia, said that buyers are concerned about the health of developed bond markets and need a higher yield incentive to buy. Barbuscia also said that the competition from corporate bonds is 'unprecedented' and that there has been record levels of issuance so far in 2026.

Read more: Long-Term Debt Costs Soar to Highest in Decades as Bonds Slump
Bloomberg
Financial

China Trying to 'Run Out the Clock' on Trump Presidency, Says Shehzad Qazi

Shehzad Qazi, COO of China Beige Book, said that expectations should be low for the upcoming meeting between President Trump and Chinese President Xi in September. Qazi said that the continued meetings between the two leaders acts as a way to continue the trade truce between the US and China and for China to try and 'run out the clock' on Trump's presidential term.

Read more: China Trying to 'Run Out the Clock' on Trump Presidency, Says Shehzad Qazi
Bloomberg
Financial

FalconX CEO Talks Deals, Potential IPO, Layoffs

Raghu Yarlagadda, CEO FalconX, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." Digital assets brokerage firm FalconX has cut 10% of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter. FalconX has facilitated about $2.5 trillion in trading volume.

Read more: FalconX CEO Talks Deals, Potential IPO, Layoffs
Bloomberg
Financial

Texas Has 'No Real Protections' Against Data Center Impact, Says Gina Hinojosa

Democrat candidate for Governor in Texas Gina Hinojosa said that Texas voters are concerned with the impact of the data center 'gold rush' that has descended on the rural part of the state and that incumbent Governor Greg Abbott has left Texans with 'no real protections.' Hinojosa also discussed immigration policy in the state and said that Texans across both parties want 'something that makes sense' and doesn't target hardworking, law-abiding Texans.

Read more: Texas Has 'No Real Protections' Against Data Center Impact, Says Gina Hinojosa

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