Rick Rieder, CIO of global fixed income at BlackRock, says the July US employment report most likely takes a Federal Reserve rate hike off the table. Speaking on "Bloomberg The Open," Rieder says a rate cut is still possible this year.
Rick Rieder, CIO of global fixed income at BlackRock, calls the July US employment report "unremarkable." Speaking on "Bloomberg The Open," Rieder says he expects 6% nominal GDP amid a "productivity revolution" in the US.
US employers unexpectedly cut jobs in July and hiring over the previous two months was revised lower. 23,000 jobs were lost, the estimate was for a gain of 80,000 jobs. The unemployment rate fell to 4.1% from 4.2%. Bloomberg's Michael McKee reports.
Jeffrey Rosenberg, portfolio manager of the Systematic Multi-Strategy Fund at BlackRock, explains why he would be "hesitant' to write off the July US jobs report which saw payrolls decline by 23,000 while the unemployment rate fell to 4.1%. Rosenberg says he sees the headline number as "a bit confusing."
Independent equity research firm Argus Research has upgraded SpaceX from a Hold to a Buy rating, setting a price target of US$160 per share.
Christopher Hodge, Natixis Chief US Economist, expects a modest uptick in unemployment in the upcoming US jobs report. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
Rory Blundell, CEO and co-founder of Gravitee, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the importance of governance, security, and control in the rapidly evolving AI landscape.
Banca Monte dei Paschi di Siena exceeded profit expectations in the second quarter. Rival lender Banco BPM last week dropped a proposal to Monte Paschi to start merger discussions. Bloomberg's Steven Arons reports.
TOKEN2049 returns to Marina Bay Sands on October 7-8, bringing together 25,000 attendees from over 7,000 companies across 160 countries.
The conference takes over all five floors of the venue, and organizers describe the result as a festival-scale environment spanning content, networking, wellness and live experiences.
Fahad Kamal, CIO at Coutts, discusses maintaining an overweight position on risk assets driven by a positive macroeconomic environment, supportive labor market data and AI investment. "Everything that we've heard in the earnings reports would suggest that this carries on for now," he tells Bloomberg Television.
Thailand has approved a 0% tax on some crypto investment gains as it seeks to attract investment and digital asset businesses.
Bitcoin (CRYPTO:BTC) whales bought about US$1.2 billion worth of Bitcoin as exchange-traded funds attracted about US$750 million in inflows.
