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ASIC’s review of eight banks found that some mortgage offset accounts were not linked correctly to home loans, meaning affected borrowers paid higher interest and missed out on expected savings.
Brixmor Property Group reported upbeat second quarter sales this week, seeing strong leasing spreads, record small shop occupancy, and more. Analysts from Evercore ISI and Stifel raised their forecasts on the company after earnings results. CEO Brian Finnegan joins Bloomberg Businessweek Daily to discuss, saying consumer traffic remains high, up around 10% since pre-COVID, which equates to strong tenant growth as well. He also discusses the state of consumer spending, the benefits seen by Brixmor's open-air shopping center locations, and more. Finnegan speaks with Carol Massar and Tim Stenovec.
Rio Tinto (ASX:RIO) reported first‑half 2026 underlying EBITDA of US$14.8 billion, up 28% on a year earlier, and net earnings attributable to shareholders of US$6.7 billion, up 47%, as stronger commodity prices and higher volumes drove a step‑change in performance.
SK Hynix Inc.'s quarterly profit rose 557%, but missed expectations, fueling fears that an AI boom that has propelled the semiconductor industry may be decelerating. Bloomberg's Mark Cranfield and Anthony Stephens share their insights.
UPS CEO Carol Tomé sees a positive future for the company ahead in large part to the restructuring of priorities away from Amazon delivery, and upgrades to their digital platforms and infrastructure. She speaks to Romaine Bostick on Bloomberg's 'The Close.'
XRC Ventures Founder & Managing Partner Pano Anthos understands the scale of the issue of AI governance with the insurance industry dropping or excluding AI risk, as companies struggle to manage their internal architectures against outside programs. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
TCBY Executive Director Richard Screnci believes there is a place for consumers to watch their health and enjoy eating sweet treats at the same time, as the company looks for more growth opportunities both domestically and abroad. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
Barnes and Noble CEO James Daunt is seeing a tremendous resurgence in the business as consumers return to a love of physical book stores, with more to offer like vinyl records and in-store cafes. He also attributes blockbuster Hollywood successes such as 'The Odyssey' being a driving force for Gen Z and older to read more. He speaks with Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
Databricks Co-Founder and Senior VP of Field Engineering Arsalan Tavakoli sees an endless amount of possibilities in the AI space, but also the need for governance at all levels of the industry as the company waits for the right time to go public. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
Rithm Capital Chairman and CEO Michael Nierenberg speaks with Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close' on the company's most recent earnings, as well as looking to the future both in the real estate outlook and overall growth for the company.
Dushyant Shahrawat, Bloomberg Intelligence Crypto & Assets Analyst, says crypto it here to stay and promises to change the way financial products are manufactured. He argues that just like we got used to trusting software and AI, the financial world will do the same with cryptocurrencies, and that the increased use of platforms like Venmo was just the first step.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Carol Massar and Tim Stenovec.
