Japanese Prime Minister Sanae Takaichi is not a reflationist, her finance minister said, pushing back against investor concerns over the government's spending plans and its influence on the Bank of Japan. She spoke exclusively to Bloomberg TV's Shery Ahn in Tokyo
The final stretch of a jittery week on Wall Street saw a rebound in stocks as oil prices fell, easing a selloff in bonds that had roiled financial markets around the world. Darius Dale, founder and CEO at 42 Macro gives his outlook on equities and the fading bond selloff.
Winners Alliance CEO Ahmad Nassar joins Bloomberg Open Interest to explain why professional tennis needs wholesale reform. He says the sport remains too fragmented, and he explains how pooling player rights can unlock new commercial opportunities.
Anna Paglia, Executive Vice President and Chief Business Officer at State Street Investment Management joined Bloomberg Open Interest to break down the ETF boom, explaining why retail investors now account for a much larger share of the market. She also sounds the alarm on the gamification of investing and explains why State Street believes investment-grade private credit can become a lasting part of investors' core portfolios.
On this episode of Stock Movers: - Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai's growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs. - People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant. - Costco Wholesale (COST) quarterly profits surpassed Wall Street's estimates after the company recorded a benefit related to tariff refunds.
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television.
Anthropic PBC has signed an $11.6 billion, seven-year contract with Akamai Technologies Inc. for computing power, building on a previous $1.8 billion computing deal that the two companies struck earlier this year. Mandeep Singh of Bloomberg Intelligence has more.
Torsten Slok, chief economist at Apollo, warns that inflation from rising diesel prices may not be taken into account by the Federal Reserve since "that is really entering elsewhere in the CPI basket than in the energy line." He speaks on "Bloomberg Surveillance."
Greek Prime Minister Kyriakos Mitsotakis says the situation in the Red Sea "has gone from bad to worse" in a discussion of global shipping issues, a potential US diesel export ban, and the race for the next leader of the European Central Bank.
Paraguay President Santiago Peña discusses increasing exports of the nation's beef to the US, saying, "they are demanding more and more, and Paraguay is a very reliable and strong partner." He speaks on "Bloomberg Surveillance."
After NSE's blockbuster IPO and stock market debut, CEO Ashishkumar Chauhan discusses the exchange's growth opportunities beyond derivatives. He explains plans to expand commodities, bonds and gold-linked products while broadening investor participation in India's capital markets.
China Beige Book COO and Managing Editor Shehzad Qazi examines the takeaways from US President Donald Trump's meeting with his Chinese counterpart Xi Jinping, with a focus on the tensions underneath the surface of US-China relations. He speaks on "Bloomberg Surveillance."
