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Gas Prices Won't Drop Much Lower By Election Day, Says Rebecca Babin

Rebecca Babin, CIBC Private Wealth senior energy trader, said that she doesn't expect gas prices to drop much lower before election day and that the price at the pump will likely be lower than the White House would like it to be for November's midterms. Babin said that while oil prices have climbed as tensions have build back up in the Strait of Hormuz, it is China's position in the oil market that is keeping prices from growing to $100 a barrel.

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Bloomberg
Financial

Tapestry Beats Earnings but Faces Investor Disappointment Amid High Expectations

Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report.

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Bloomberg
Financial

Container Shipping Companies Navigate Route Challenges

Lee Klaskow, Senior Logistics Analyst at Bloomberg Intelligence, discussed how container shipping companies are managing disruptions caused by route restrictions and geopolitical tensions. Despite only about a third of typical Suez Canal routes currently in use, companies remain confident that full utilization will resume over time, with alternative routes around Africa available if needed.

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Bloomberg
Financial

Why Private Funds Make Ann Berry Nervous

Private-market investing is becoming more accessible, but Ann Berry,  Threadneedle Ventures Founder, is warning investors not to confuse accessibility with transparency. She joined Bloomberg Open Interest to explain why valuing private companies requires specialized expertise, why ordinary investors may struggle to assess the underlying businesses, and why these new publicly traded funds require extraordinary trust in their managers.

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Bloomberg
Financial

Entry-Level, White-Collar Jobs to See 'Massive' AI Impact, Says Virginie Maisonneuve

The number of employers who expect entry-level workers to be AI-competent has nearly tripled since last fall, according to the National Association of Colleges and Employers. Workers' anxiety about AI has surged, along with demand for quick training programs. Virginie Maisonneuve, Founder at Maisonneuve Global Advisors, discusses inflation, rates, and the dual impact of AI on prices and the labor market.

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Bloomberg
Financial

Liftoff CEO Bets Big on AI

Liftoff CEO Jeremy Bondy joined Bloomberg Open Interest to break down the mobile adtech company's first earnings report since going public, including 35% revenue growth. He explains how Liftoff's Cortex AI competes for advertising dollars, why existing customers are spending more and how AI could create a double growth opportunity across the mobile app economy.

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