Global bonds slumped as rising oil prices fueled inflation fears and bets on Fed rate hikes. Fortress Chief Strategist Elizabeth Burton says rates are still poised to go higher, arguing the underlying problem won't be fixed without a fiscal response. She speaks on Bloomberg Open Interest.
Apple Inc.'s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. The shares soared 2,258% under Cook, who took over from legendary founder Steve Jobs after the close of trading on Aug. 24, 2011. Cook inherited a company with a market capitalization of less than $350 billion and built the maker of iPhones and Mac computers into a diverse $4.6 trillion business that also sells watches, AirPods, and financial services. For more on what lies ahead for both Ternus and the tech giant, we speak with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech.
Tesla CEO Elon Musk says he believes AI will spur gains of as much as 20% to 30% in global economic growth, calling it a "rough estimate." He spoke virtually to a tech-focused Group of 20 meeting in North Carolina.
Tesla CEO Elon Musk says he expects Artificial Intelligence to increase the global economy by 20% - 30%, or roughly $20 Trillion to $30 Trillion, per year. Musk spoke virtually during the G20 Innovation Ministerial.
Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. Leslie Palti-Guzman, Founder at Energy Vista, discusses the outlook for global energy as conflict in the Middle East continues to disrupt flow.
Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. Leslie Palti-Guzman, Founder at Energy Vista, discusses the outlook for global energy as conflict in the Middle East continues to disrupt flow.
Partners Group CEO David Layton joined Bloomberg Open Interest to push back on concerns that his move to CIO signals trouble at the private-markets giant. He explains why the leadership shake-up isn't tied to redemption pressure, says the firm is gaining fundraising share despite an industry slowdown, and reveals why elevated evergreen-fund redemptions could continue for another 12 to 18 months.
Redwire CEO Peter Cannito joins Bloomberg Open Interest to break down the next phase of the space economy from orbital data centers and cheaper space manufacturing to the growing US, China space race. He also explains why falling transportation costs, SpaceX partnerships and even space agriculture could create major new commercial opportunities.
Achilles Global Management CIO and Founder Sachin Khajuria says private credit is entering a decade-long shakeout as higher rates expose weaker managers and drive a flight to quality. He joins Bloomberg Open Interest to explain why private markets could emerge stronger and warns retail investors moving into private assets to closely examine liquidity, transparency and risk.
David Booth, Dimensional Fund Advisors founder and Chairman, discusses the theme of his new book "Stay Calm: Learn to Embrace Uncertainty in Investing and Life," and his historic $300 Million gift to the University of Kansas.
A renewed drop in bonds reduced bets on riskier corners of Wall Street, hitting stocks on worries that elevated oil prices will fuel inflation and force the Federal Reserve to lift rates. Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, discusses the markets and his outlook on inflation.
On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.
