ASIC launches public database to fight scams
The Australian Securities and Investments Commission launched a verified website directory on its Professional Registers Search database to combat clone investment scams.
The Australian Securities and Investments Commission launched a verified website directory on its Professional Registers Search database to combat clone investment scams.
James Beard award wining Chef Kwame Onwuachi, chef of hit restaurants Tatiana, Dōgon, and more, talks about the opening of his new restaurant in Las Vegas, Maroon. He discusses how the infusion of his Afro-Caribbean culture into his restaurants has connected to so many people. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Ho K. Nieh, chair of the US Nuclear Regulatory Committee, said that the NRC has taken 'major steps' to reform its framework for licensing nuclear plants and how it conducts regulatory checks as the Trump administration looks to increase the amount of nuclear energy projects in the United States. Nieh said that despite reforms the NRC remains a 'strong regulator' and could not yet reveal which regulations were under review.
Andrew Szczurowski, strategic income portfolio manager at Morgan Stanley Investment Management, said that it is still to be determined if Kevin Warsh will follow through on hawkish signals he gave in his first press conference as Federal Reserve chair as the Fed held rates steady. Szczurowski, who was joined by Bloomberg Economy's Stuart Paul, said that despite the decision to hold rates, the FOMC remains very divided as members disagree on the direction the Fed should take interest rates.
Kelly Burton, High Yield Portfolio Manager at Barings, discussed the current dynamics in the high-yield credit market, emphasizing strong institutional demand for double B and single B rated credits with yields between 6-8%. Despite elevated yields expected to persist regardless of Federal Reserve actions, Burton noted a complex macroeconomic environment influenced by inflationary pressures, partly driven by geopolitical tensions such as the Iran conflict and high oil prices. She speaks with Romaine Bostick & Katie Greifeld on "The Close."
Sheila Bair, former FDIC Chair and Senior Fellow at the Center for Financial Stability, shared her assessment of Federal Reserve Chair Kevin Warsh's first meeting and press conference. Bair commended Warsh for his measured and judicious communication, particularly his firm commitment to price stability and cautious approach to economic projections. She speaks with Romaine Bostick & Katie Greifeld on "The Close."
Alan Blinder, former Federal Reserve Vice Chair and current professor at Princeton University, provided insights on the Federal Reserve's newly outlined five task forces, emphasizing the market's keen interest in the Fed's communications strategy and its approach to using existing economic data. Blinder clarified that while the Fed produces some data such as industrial production and interest rates, most critical economic indicators like inflation, unemployment, and GDP come from other statistical agencies. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, reacts to the Federal Reserve's decision to keep rates unchanged and says there's a risk of overplaying the flattening yield curve. He speaks on "Bloomberg The Close."
Scott O'Neil, CEO of LIV Golf, joins Dani Burger and Scarlet Fu on "Bloomberg Deals." LIV Golf has begun laying the groundwork for a potential US bankruptcy filing if it fails to raise new funds, according to people familiar with the matter. The golf league is currently looking for money after its main backer, the Saudi Public Investment Fund, pulled its funding.
Johnson & Johnson has no plans to enter the booming obesity market, opting instead to focus on diseases such as cancer, CEO Joaquin Duato said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. The comments set J&J apart from many of its rivals that are trying to develop or acquire obesity medicines following blockbuster weight-loss drugs from Eli Lilly & Co. and Novo Nordisk.
Johnson & Johnson has no plans to enter the booming obesity market, opting instead to focus on diseases such as cancer, CEO Joaquin Duato said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. The comments set J&J apart from many of its rivals that are trying to develop or acquire obesity medicines following blockbuster weight-loss drugs from Eli Lilly & Co. and Novo Nordisk.
Federal Reserve Chair Kevin Warsh says his colleagues have been "very open" about changes during a news conference after the Fed decided to leave rate unchanged.