Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, reacts to Fed Chairman Kevin Warsh's news conference following the central bank's decision to leave interest rates unchanged. Speaking on "Bloomberg Surveillance," Dudley says Warsh's silence was "quite deafening" and markets are showing there's a loss of credibility in the Fed.
Two Federal Reserve officials who dissented against this week's decision to hold interest rates steady warned that waiting too long to act against inflation could risk the need for even more aggressive policy later. Cleveland Fed President Beth Hammack and Minneapolis Fed President Neel Kashkari pointed to the various supply shocks helping drive up inflation right now. Bloomberg's Michael McKee breaks down the situation.
Ares Chief Executive Officer Michael Arougheti discusses the deployment of artificial intelligence and second-quarter results. "We want to be horizontally diversified across all the different private market asset classes," he tells Bloomberg Television. Arougheti also comments on the state of private equity. "The institutional demand for private credit is probably accelerating right now because they're seeing spreads widening and they're seeing capital leave the market and feel like there's an opportunity to come in and take share," he says.
Former England Women's National Football Team player and sports investor, Eni Aluko, says UEFA's plans to boycott FIFA tournaments if President Gianni Infantino proceeds with his plans to sell stakes in a new commercial entity to investors shows a "lack of consultation" by football's world governing body. FIFA's proposal plans to transfer major commercial and tournament operations into a new entity called FIFA Forward Enterprise. The vehicle would initially be valued at about $20 billion, with FIFA seeking to raise as much as $4.2 billion from outside investors while retaining sole control through majority representation on its board. Aluko discussed the fallout from the FIFA proposal with Francine Lacqua on "The Pulse".
Tech stocks rallied as a rebound in chipmakers carried into Friday, with an unprecedented 18% surge in South Korea's Kospi Index leading the charge. Bloomberg's Neil Campling reports.
Assets at Leopold Aschenbrenner's hedge fund Situational Awareness has gone from $45 billion to $10 billion in a month. Bloomberg's Nishant Kumar joins "Bloomberg Brief" to discuss the fund's AI bets and how Citadel stepped in to buy the bulk of the bets.
Telegram founder Pavel Durov denied allegations linking the messaging platform to terrorism after comments from Russian authorities.
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
ARK Invest sold part of its holding in BitMine Immersion Technologies while buying additional shares in Coinbase Global and Circle Internet Group.
Aave (CRYPTO:AAVE) founder Stani Kulechov has supported a proposal to address about US$98 million in bad debt held by the decentralised lending protocol.
CME Group has warned that current US tax rules could create challenges for regulated perpetual futures contracts, according to comments from company executives.
US spot Bitcoin (CRYPTO:BTC) exchange-traded funds recorded a net inflow of US$8.1 million, ending five straight trading days of net outflows that totalled more than US$500 million.
