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Bloomberg
Financial

Signet Jewelers CEO on 2Q Results & Trends To Watch

J.K. Symancyk, CEO of Signet Jewelers, said the company feels confident after raising guidance for a second time this year, pointing to solid fundamentals, five positive comparable-sales quarters in the last six, and momentum heading into the important fourth quarter. He said Wall Street had expected a guidance boost, but Signet's confidence is based on broad business strength rather than a one-time benefit. He speaks with Romaine Bostick & Tyler Kendall on "The Close."

Read more: Signet Jewelers CEO on 2Q Results & Trends To Watch
Bloomberg
Financial

Husband & Wife Explore Sale of $37B Credit Firm

Bloomberg's Matt Monks joins Scarlet Fu on "Bloomberg Deals." Palmer Square Capital Management is a $37 billion credit firm run by the husband-wife duo Chris and Angie Long. And the couple is exploring a sale of the business. Under their leadership, the firm has grown to become one of the biggest issuers of collateralized loan obligations.

Read more: Husband & Wife Explore Sale of $37B Credit Firm
Bloomberg
Financial

HOF Consortium Completes Purchase of Bugatti

Hisham Elhaddad, co-founder and managing partner of HOF Capital, joins Scarlet Fu on "Bloomberg Deals." Porsche said it will generate about 1 billion ($1.16 billion) from the sale of its stake in the venture that owns the Bugatti supercar brand. Under the transaction, Porsche fully divested its equity stake in Bugatti Rimac and its 20.6% holding in Rimac Group. Porsche closed the sale to a consortium led by HOF Capital.

Read more: HOF Consortium Completes Purchase of Bugatti
Bloomberg
Financial

SpaceX IPO Paved The Way For Anthropic: Kennedy

Lise Buyer, partner and founder at Class V Group, Ajay Shah, chairman of global technology investment banking at Deutsche Bank Securities, and Matt Kennedy, senior strategist at Renaissance Capital, joins Scarlet Fu on "Bloomberg Deals." Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the AI firm's public filing for its highly anticipated IPO.

Read more: SpaceX IPO Paved The Way For Anthropic: Kennedy
Bloomberg
Financial

Not Running Away From Trump Endorsement, Says Jay Feely

Republican candidate for Congress in Arizona Jay Feely said that he is transparent with voters in Arizona and will embrace President Trump's endorsement in the general election as he prepares to speak at the RNC midterm convention. Feely, who is a former NFL kicker, said that while he is sure many people will watch the start of the NFL season over the convention, he believes people will tune in to see Republican midterm messaging.

Read more: Not Running Away From Trump Endorsement, Says Jay Feely
Bloomberg
Financial

GE to Buy Consolidated Precision Products for $11.75B

Bloomberg's Kiel Porter joins Scarlet Fu on "Bloomberg Deals." GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion, a deal that will significantly expand the jet-engine manufacturer's capacity for the critical components.

Read more: GE to Buy Consolidated Precision Products for $11.75B
Bloomberg
Financial

Agriculture Secretary Rollins Says She's Not Running for Governor or a Senate Seat

US Agriculture Secretary Brooke Rollins says she is not running for Texas governor or a Senate seat for now. "That is a 'no' right now for sure," Rollins said while speaking to Bloomberg Television from the Republican midterm convention in Dallas. She is attending the event in her personal capacity.

Read more: Agriculture Secretary Rollins Says She's Not Running for Governor or a Senate Seat
Bloomberg
Financial

Democrats Need High Turnout in Texas, Says Wendy Davis

Wendy Davis, a former Democratic state senator in Texas, says that having the midterm RNC Convention in Dallas will benefit Democrats by tying Republicans to the increasingly unpopular Trump administration. Davis also says redistricting in Texas could hurt the GOP. She speaks with Bloomberg's Julie Fine and Kailey Leinz in Dallas.

Read more: Democrats Need High Turnout in Texas, Says Wendy Davis