A sudden selloff of French bonds has stirred memories of the sovereign debt crisis that cascaded across Europe between 2009 and 2015. Attention is now turning to how the European Central Bank might respond. Virginie Maisonneuve, founder at Maisonneuve Global Advisors, discusses the global economic outlook and why the ECB is wary of the current French bond turmoil.
Harbinger Motors just landed a huge deal: 2,000 all electric trucks headed to FedEx in a contract worth over $300 million. Harbinger Motors CEO John Harris joins Bloomberg Open Interest to tell us how the EV maker plans to scale up, what soaring fuel prices mean for big fleets, and why demand is surging even without new green regulations.
On this episode of Stock Movers: - PepsiCo (PEP) shares are lower after the company decreased its profit outlook, with its recovery in North America taking longer than expected. PepsiCo faces higher costs in North America that are weighing on margins, and will be raising some prices in the coming months after cutting prices on some marquee brands earlier this year. - Microsoft (MSFT) shares are following news the company's Xbox unit is formalizing its film and TV foray with a new division called XP to expand its franchises into other media. - Levi Strauss (LEVI) is lower after it posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans.
Private equity is still winning Wall Street's talent war, but the battlefield is shifting. As buyout firms aggressively poach junior bankers, AI startups dangle equity upside and supercharged growth. With AI tools reshaping entry-level roles and payouts at the top swelling again, finance is racing to prove it can still offer the best long-term bet for ambitious young talent.
David Ellison and his family invested approximately $17 billion to complete Paramount Skydance's acquisition of Warner Bros. Discovery, according to public filings. Dylan Sloan reports on "Bloomberg Open Interest."
Miami-headquartered advisory firm Friedman Global is backing high-growth tech companies through critical funding, compliance, and strategic expansion phases.
Bank of England Governor Andrew Bailey warned that governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks. "Fiscal policy can operate as a countercyclical tool of policy," Bailey said at an event in Turkey. "But if the negative shocks come at higher frequency, and underlying growth in the economy is lower, countercyclical policy becomes very difficult to follow successfully." (Source: TCMB Istanbul Economic Forum)
Financial technology firm Pyypl is streamlining international money transfers across growth markets using digital asset rails for liquidity and settlement.
Broadcom is planning its next blockbuster deal after launching a $60 billion debt financing to help fund Anthropic PBC's artificial intelligence build-out. Sarah Frier has more on "Bloomberg Open Interest."
Goldman Sachs executives including CEO David Solomon and President John Waldron are set to take in a special bonus. Equity awards could top $500 million based on the current share price. Solomon could get $100 million alone. Bloomberg's Sridhar Natarajan reports.
Global alternative asset manager Trident is deepening its focus on real-world asset tokenisation and artificial intelligence across US, Asian, and European deals.
OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, with Tiger Global poised for a paper profit of $5 billion. Hema Parmar reports on "Bloomberg Open Interest."
