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Consumers to Ramp up Holiday Spending This Year: KPMG

Julia Wilson, Principal of Consumer and Retail Strategy at KPMG US, discusses the firm's holiday survey, which projects spending will increase 5% year over year. She says much of the rise reflects higher prices, though consumers are still willing to spend on priorities. She speaks to Romaine Bostick on "The Close."

Read more: Consumers to Ramp up Holiday Spending This Year: KPMG
Bloomberg
Financial

Teneo's Kajiwara on Market Positioning Amid Midterms

Kevin Kajiwara, Co-President of Political Risk Advisory at Teneo, says the market impact of the coming midterm elections will depend partly on how contentious they are. He identifies affordability as a central issue, linking tariffs and wars to higher fuel costs, while noting that rising interest rates and worsening fiscal conditions are also weighing on the outlook. He speaks with Romaine Bostick on "The Close."

Read more: Teneo's Kajiwara on Market Positioning Amid Midterms
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Financial

Robin Wigglesworth on the Importance of Curiosity

Barry speaks with Robin Wigglesworth, editor of Financial Times' Alphaville blog and author of the new book 'A Fabulous Debt: The Epic Story of How Bonds Built the Modern World'. They discuss the bond market as the engine of the global economy, why the 30-year mortgage is "a miracle of the modern world," and when we should actually start worrying about US debt.

Read more: Robin Wigglesworth on the Importance of Curiosity
Bloomberg
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AlixPartners Co-CEO Rob Hornby on AI Bull Case

Rob Hornby says AI costs are falling faster than those of comparable technologies historically, but remain substantial. He describes companies as being in a transition period: investment is underway while returns are uneven, and the shift from flat fees to per-token charges has exposed costs. He speaks with Romaine Bostick & Jess Menton on "The Close."

Read more: AlixPartners Co-CEO Rob Hornby on AI Bull Case
Bloomberg
Financial

Chipmakers Post Longest Weekly Drop Since November

A resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the Federal Reserve decision on interest rates. Brent crude settled near $117 as a flare-up in Middle East violence threatened supplies. Most S&P 500 firms fell even as selling pressure on tech shares abated. A gauge of chipmakers edged up, but posted its longest weekly drop since November. The Dow Jones Industrial Average slipped 1.2%. Treasuries relinquished a portion of the previous session's rally. Co-Host of Odd Lots, Joe Weisenthal says it's important to the US Economy that tech companies fire on all cylinders.

Read more: Chipmakers Post Longest Weekly Drop Since November
Bloomberg
Financial

AI Ushers in New Era of Cybersecurity Needs

The US government is working to address and stop any potential cybersecurity issues stemming from flaws in PHP, a widely used open-source software, that may impact federal agencies and American critical infrastructure, according to a White House official.  The programming language, called PHP, contains two vulnerabilities which could potentially expose organizations using it in websites and software platforms to cyberattacks. Jay Chaudhry, CEO & Founder, Zscaler says we need new more proactive measures beyond firewalls.

Read more: AI Ushers in New Era of Cybersecurity Needs

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