Robinhood Just at Beginnings of Prediction Markets, CEO Tenev Says
Robinhood CEO Vlad Tenev discusses growth of the company's prediction markets and the firm's involvement in Trump Accounts for children.
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Robinhood CEO Vlad Tenev discusses growth of the company's prediction markets and the firm's involvement in Trump Accounts for children.
Steven Mnuchin, founder of Liberty Strategic Capital and former US Treasury Secretary, says he supports the proposal released by the Securities and Exchange Commission that will allow US companies to choose to report earnings semiannually. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Mnuchin also comments on the economic impact of AI, the conflict in Iran, the federal budget deficit and Federal Reserve monetary policy.
PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to reduce costs and turn around the payments company. PayPal employed around 23,800 people at the end of the year, meaning a workforce reduction of that size could eliminate more than 4,500 jobs. It's part of the company's plan to realize at least $1.5 billion in savings over the next two to three years, according to a statement Tuesday. Bloomberg's Diksha Gera joins Bloomberg Intelligence to discuss.
Crypto exchange Coinbase Global Inc. will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence. Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, and the company expects to incur as much as $60 million in restructuring expenses. Bloomberg's Paul Gulberg joins Bloomberg Intelligence to discuss.
US companies could choose to report earnings semiannually instead of quarterly under a proposal released by the Securities and Exchange Commission. Bloomberg Intelligence's Nathan Dean has more on "Bloomberg Crypto."
BlackRock Chair and CEO Larry Fink suggests the demand for computing power is so large that a new asset class will spring up. He speaks at the Milken Institute Global Conference in Beverly Hills, California.
Citadel's former Chief Technology Officer Umesh Subramanian is joining private investment firm Motive Partners, where he will lead its artificial-intelligence push. Subramanian and Motive's founder Rob Heyvaert speak to Bloomberg's Dani Burger at the Milken Global Conference.
Carlyle Co-President John Redett joins Bloomberg's Dani Burger at the Milken Conference to break down a $5B liquidity strategy that aims to reshape private equity. He explains what's really behind the industry's exit slowdown, and pushes back on the AI investment frenzy saying diversification wins over hype.
EQT's CEO Per Franzen joins Dani Burger at the Milken Conference to break down how AI is reshaping private markets. He reveals why scale is now essential, how EQT is investing in AI infrastructure, and why the future belongs to firms that can balance internal expertise with external partnerships.
US job openings were little changed in March, with available positions falling slightly to 6.87 million from a revised 6.92 million in February. Mike McKee reports on "Bloomberg Open Interest."
JPMorgan Chase & Co.'s Anu Aiyengar, global head of advisory and M&A, speaks to Bloomberg's Dani Burger at the Milken Conference in Beverly Hills. She says dealmaking was "challenging" in April due to Iran war, but she says clients are still looking for big deals.
Anu Aiyengar, JPMorgan's head of M&A talks to Bloomberg's Dani Burger at the Milken Conference in Beverly Hills. She reveals why the market is exploding with megadeals despite global uncertainty. From massive scale advantages to hidden valuation gaps, she breaks down why big companies are getting bigger, and why volatility isn't stopping them.
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