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Why Gas Flares Keep Burning Despite Big Oil's 2030 Pledges

Residents in West Texas describe noise, odors and health concerns from a gas flare operating near their homes as oil producers face scrutiny over pollution and their commitments to curb emissions. Oil giants including ExxonMobil, Occidental Petroleum and others have pledged to reduce or eliminate the flaring practice, but a new investigation by Bloomberg News and The Examination found persistent flames at sites tied to companies participating in the World Bank's Zero Routine Flaring initiative. For more, we speak with Ben Elgin, Bloomberg News ESG Reporter & Will Evans, Senior Reporter for The Examination.

Read more: Why Gas Flares Keep Burning Despite Big Oil's 2030 Pledges
Bloomberg
Financial

Hamilton Lane's Bell on Secondary Markets Opportunity

As U.S. mortgage rates rise above 7% for the first time in a couple of years, Elizabeth Bell, Co-Head of Real Estate at Hamilton Lane, discusses whether the broader real estate market has been written off amid a slow post-pandemic recovery, changing consumer spending and higher rates. Bell says the market faces risks from elevated interest rates and geopolitics, which weigh on investment and yields, but still offers opportunities. She speaks with Romaine Bostick on "The Close."

Read more: Hamilton Lane's Bell on Secondary Markets Opportunity
Bloomberg
Financial

Dimensional PM on IPO Pipeline, Concentration Risks

Joel Schneider, Dimensional's Deputy Head of Portfolio Management for North America, says well-founded IPOs can attract strong interest regardless of broader market conditions, but investors should look beyond the initial pop: IPOs have historically tended to underperform the market afterward, making fundamentals and entry timing important. He notes that index providers add new listings on different schedules, so index-fund investors effectively delegate that decision to an index committee. He speaks with Romaine Bostick on "The Close."

Read more: Dimensional PM on IPO Pipeline, Concentration Risks
Bloomberg
Financial

Nassim Taleb Calls Stocks a 'Trap,' Sees 'Naive' AI Investors

Nassim Taleb, author of "The Black Swan" and distinguished scientist at Universa Investments, calls the stock market a "trap" and sees a class of "naive" investors who will invest in firms linked to AI during an interview with Bloomberg's Natalia Kniazhevich at the Greenwich Economic Forum.

Read more: Nassim Taleb Calls Stocks a 'Trap,' Sees 'Naive' AI Investors
Bloomberg
Financial

Union Square Advisors President on M&A Landscape

Deal value fell 10% year over year in the third quarter after a strong first half, when global M&A was up nearly 50% and included 47 deals worth at least $10 billion. Ted Smith, President and Co-Founder of Union Square Advisors, attributed the pullback partly to typical summer seasonality and expects a busy fourth quarter; he said the $5 trillion record set in 2021 remains within reach. He speaks with Romaine Bostick on "The Close."

Read more: Union Square Advisors President on M&A Landscape
Bloomberg
Financial

Zscaler CEO: AI Models Are Raising Demand for Security

Zscaler shares rose about 4% as the company reaffirmed its first-quarter and full-year guidance at investor day. CEO Jay Chaudhry said businesses see AI as a way to boost revenue and efficiency, but worry that AI agents could create cybersecurity risks, driving stronger demand for zero-trust security. He speaks with Romaine Bostick & Sally Bakewell on "The Close."

Read more: Zscaler CEO: AI Models Are Raising Demand for Security