Hyundai completes USDT pilot for $20K transfer
Hyundai Motor completed a US$20,000 treasury payment pilot using Tether (CRYPTO:USDT) between its US and Mexican subsidiaries.
Hyundai Motor completed a US$20,000 treasury payment pilot using Tether (CRYPTO:USDT) between its US and Mexican subsidiaries.
Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and Goldman Sachs, are scheduled to report their quarterly results within a few hours of each other. Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo, joined the program to share his outlook. He expects overall bank earnings to increase by 15 to 20 percent year-over-year, driven by a combination of strong Wall Street trading revenues and robust commercial loan growth on Main Street. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Steve Klinsky, Founder and CEO of New Mountain Capital, discussed the current state of private markets. He noted that recent redemption requests were primarily from retail investors in credit funds, which did not significantly impact institutional investor appetite. Klinsky highlighted that smarter institutional investors are increasingly moving into credit to capitalize on lower prices. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Gil Luria, D.A. Davidson technology and research head, says the fundamentals are still looking good for semiconductor and AI-related stocks. He speaks on "Bloomberg The Close."
Michaels CEO David Boone joined the hosts to discuss the company's recent growth and strategic transformation. Boone addressed the challenge of changing Michaels' longstanding reputation as a 'grandmother's store' into a more contemporary and beloved brand. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Global transaction values were up around 30% year over year to $2.6 trillion in the first half, according to data compiled by Bloomberg. Bloomberg's Ryan Gould says "we're in the midst of a Trump-induced M&A boom." He speaks along with EY-Parthenon, EY Americas Vice Chair Mitch Berlin, on "Bloomberg Businessweek."
Travis Spence, global head of ETFs at JPMorgan Asset Management, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss growing momentum in actively managed ETFs.
A group of 12 states sued Paramount Skydance Corp. Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery Inc., alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television. Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust joins Bloomberg Businessweek Daily to discuss.
AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm's record $1.5 billion fund, why startup rounds are getting bigger, and where he's placing his bets on the next generation of defense tech and AI companies. He joins Ed Ludlow on "Bloomberg Tech."