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Ariel's Rogers Sees Opportunities in Women's Sports, 'Orphan Stocks'

Ariel Investments has been expanding its private markets platform through Ariel Alternatives and has jumped into the world of investing in women's sports. Company Chair and co-CEO John Rogers speaks with "Bloomberg The Close" about the decision and also weighs in on the political implications of the difficult economic reality caused by the US-Iran war.

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Bloomberg

Schwab Considering Prediction Markets Tied to Finance Events

Charles Schwab Corp. is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space. Schwab is "taking a hard look" at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm's focus on building clients' long-term wealth. Schwab's CEO Rick Wurster joined Bloomberg Businessweek Daily to discuss.

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