"In the rates space it feels that it is more than just technical factors driving yields spiking higher," says Wei Li, global chief investment strategist at BlackRock, as she explains why she prefers equities over government bonds.
Gorman-Rupp (NYSE:GRC) generated $186.1 million in net sales for the second quarter following increased industrial demand.
Gilead Sciences (NASDAQ:GILD) received CHMP backing for Trodelvy plus Keytruda after the regimen reduced progression or death risk by 35%.
Flagstar Bank (NYSE:FLG) reported second-quarter net income of $34 million, marking its third consecutive profitable quarter.
Meredith Whittaker, President of the Signal Foundation (the non profit organization which owns Signal Messenger) joins Bloomberg's The Pulse with Francine Lacqua. Whittaker warns that AI, alongside further tech legislation, risks undermining the principles of private communication.
Fatima Dangote, Dangote Group executive director of commercial operations for oil and gas, tells Bloomberg Television the company forecasts revenue to jump to $100 billion by 2030. Speaking in an exclusive interview with Bloomberg's Jennifer Zabasajja, Aliko Dangote's daughter says the growth is going to come mainly from the company's "refinery, fertilizer and cement" businesses.
Southside Bancshares (NYSE:SBSI) reported second-quarter net income of $26.8 million, up 23%, as revenue increased and expenses declined.
Salesforce (NYSE:CRM) was awarded, through its distribution network, a VA software agreement with a $1.6 billion three-year ceiling.
Kamakshya Trivedi, chief FX and EM strategist at Goldman Sachs, discusses the impact of the ongoing conflict in the Middle East on commodities, inflation and what this means for the dollar. "You're beginning to see now the levels of increases in gas prices in Europe, in oil prices," he tells Bloomberg Television. "The dollar is beginning to, you know, acquire some degree of a front-footed nature," Trivedi adds.
Brent crude reached $100.30 per barrel as disruptions threatened oil flows through the Strait of Hormuz and Red Sea.
Anna Edwards, Guy Johnson and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Wise (NASDAQ:WSE) shares fell 10% after U.S. regulators denied its national trust bank application for direct Federal Reserve access.
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