Anthony Soohoo, CEO of MoneyGram, said the company was surprised by the Senate's failure to advance the Clarity Act, but emphasized that MoneyGram will keep moving forward and focus on what it can control. He said it is too early to tell whether the bill, or something like it, will pass soon, and noted that the company is reassessing the regulatory environment. He speaks with Romaine Bostick on "The Close."
JB Mackenzie, Robinhood Futures & Prediction Markets VP & GM, discusses rising trading activity in prediction markets ahead of the Federal Reserve's rate decision, with markets pricing in an roughly 85% chance of a 25-basis-point hike. He sas interest in Fed-related contracts has grown substantially over the past year, moving from relatively muted early adoption to one of Robinhood's most popular contracts. He speaks with Romaine Bostick on "The Close."
Sandra Rivera, VSORA Chair, discusses a key AI industry issue: whether demand and revenue can grow quickly enough to justify the massive spending on physical infrastructure. She speaks with Romaine Bostick & Bailey Lipschultz on "The Close."
Christine Barone, President & CEO of Dutch Bros, discussed the company's aggressive growth strategy, saying the chain aims to reach 2,029 shops by 2029 and expects to add at least 185 locations this year. She said that pace is supported by a strong internal talent pipeline, with more than 500 operators ready to move into new states and markets as the company expands. She speaks with Romaine Bostick on "The Close."
Rick Pitcairn, chairman and chief global strategist at family office Pitcairn, said its his job to tap the breaks on wealthy clients who want to put too much of their money in 'shiny star' investments like SpaceX or private markets. Pitcairn said that there is a role for private credit and private markets, but it should be inside a diverse portfolio.
Jaime Magyera, BlackRock senior managing director and head of US Wealth and head of Retirement, said advisers are using artificial intelligence to help parse increasingly complex capital markets after AI company Anthropic announces new ties with Blackrock. Magyera also said that AI is helping create more strategic customization for clients.
Jaime Magyera, BlackRock senior managing director and head of US Wealth and head of Retirement, said advisers are using artificial intelligence to help parse increasingly complex capital markets after AI company Anthropic announces new ties with Blackrock. Magyera also said that AI is helping create more strategic customization for clients.
Blackstone Inc. President Jon Gray says Canada has massive opportunities to grow due to its natural resources, looser regulatory policies and access to private capital. "Canada is a sleeping giant economically," he said Tuesday at an investment summit in Toronto.
BlackRock Inc. Chief Executive Officer Larry Fink says delays in the buildout of artificial intelligence lead to limited access. He spoke at the Canada Investment Summit on Tuesday.
Jan van Eck, CEO of VanEck Funds joined Bloomberg Businessweek Daily from Future Proof to discuss the state of the global economy. He says he isn't worried about the $40 Trillion US debt and that Bessent and Trump are 'toying' with the market when it comes to the idea of sending $5,000 checks to Americans if they keep control of Congress.
Bond traders are pricing in a Federal Reserve interest-rate hike Wednesday with a level of conviction that has proven right for decades. Interest-rate swaps tied to Fed meeting dates show traders see more than a 90% chance that Fed Chairman Kevin Warsh and his colleagues will lift the benchmark policy rate by a quarter point from the current 3.5%-3.75% range. That equates to roughly 23 basis points of tightening priced in. Kitty Richards Senior Fellow at the Groundwork Collaborative joined Balance of Power saying it will be difficult for the Fed to not raise rates.
US Representative Jim Himes (D-CT) questions US Treasury Secretary Scott Bessent about the Treasury's recent intervention in the bond market, arguing that the government's actions distort free markets.
