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.
The 10-year US Treasury yield rose to the highest in almost two decades, the latest milestone in a bruising global bond selloff driven by booming capital investment and soaring energy prices that are exacerbating inflation. Dominic Konstam, Head: Macro Strategy at Mizuho Securities, gives his expectations for Wednesday's Fed rate decision, rising bond yields, and growing market risks.
Wall Street traders refrained from making riskier bets in the countdown to the Federal Reserve decision, with stocks falling as elevated oil prices kept bond yields at multi-year highs. Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, discusses equity bullishness amid a deepening bond selloff.
US Representative Maxine Waters (D-CA) sharply criticizes US Treasury Secretary Scott Bessent during his House Finance panel testimony, blaming the administration's tariffs, trade fights and Iran policy for higher prices and rising borrowing costs.
DoubleLine Capital Deputy Chief Investment Officer Jeffrey Sherman says it's time for the Federal Reserve to "put up or shut up." With bond yields trading above 5%, he says "the best thing to do is bring a hike." Sherman speaks on "Bloomberg Open Interest."
The debate over how far, and how fast, artificial intelligence is advancing poses a serious dilemma for tech executives. They're keen to telegraph their concerns, but having plowed hundreds of billions of dollars into AI, they're trying to calm people down without spooking investors and customers. George Noble, Managing Partner at Noble Capital Advisors and former Fidelity Fund Manager, discusses artificial intelligence bear cases amid concerns over AI safety. Correct: George Nobel said AI will be the 'biggest misallocation in history.' Fixes headline
The debate over how far, and how fast, artificial intelligence is advancing poses a serious dilemma for tech executives. They're keen to telegraph their concerns, but having plowed hundreds of billions of dollars into AI, they're trying to calm people down without spooking investors and customers. George Noble, Managing Partner at Noble Capital Advisors and former Fidelity Fund Manager, discusses artificial intelligence bear cases amid concerns over AI safety.
Carlyle Co-President and Head of Global Private Equity John Redett spoke with Bloomberg's Dani Burger from the sidelines of Carlyle's Global Investor Conference in Washington. He talked about current investment opportunities, AI across the portfolio, higher-for-longer rates and private equity, and more.
