Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the best strategies for maximizing credit card points.
Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the best credit card strategies for points and cash back.
Liz Pancotti, vice president of policy, advocacy and research at progressive advocacy group Groundwork Collaborative, said that if Trump wants lower interest rates, he should stop his war in Iran and reverse his tariffs, which will bring prices down. Pancotti said that high costs are showing up even in the push to onshore manufacturing and build data centers, as materials like lumber or aluminum are subject to tariffs.
US nonfarm payrolls increased 162,000 last month and the unemployment rate remained at 4.1%, with the August increase topping all estimates in a Bloomberg survey. Anna Wong, chief US economist with Bloomberg Economics, says the economy may not be as strong as it seems. Here are her key takeaways.
'Value Proposition' of Degree Is Challenge for Higher Ed: SUNY Purchase President Description: The costs of a four-year college degree continue to rise, with an average of about $60K for private and $26k for public university. As student loan defaults topped 9 million in June, parents and students are looking at every option to make college more affordable. Bloomberg's Scarlet Fu went to the campus of SUNY Purchase in New York's Westchester County to speak with the University's President Michael Steiper to see how affordability concerns are impacting campus.
The costs of a four-year college degree continue to rise, with an average of about $60K for private and $26k for public university. As student loan defaults topped 9 million in June, parents and students are looking at every option to make college more affordable. Bloomberg's Scarlet Fu went to the campus of SUNY Purchase in New York's Westchester County to speak with students, parents and the University's President to see how they are thinking about money.
Bloomberg's Scarlet Fu went to the campus of SUNY Purchase in New York's Westchester County on move-in day to speak with students and parents about the unique strategies they are using to pay for college.
Apple is kicking off its John Ternus era with what could be the biggest run of new device releases in its history. Next week's product launch is expected to introduce foldables, new iPhones, and an updated Apple Watch. Bloomberg's Sam Kelly joins Bloomberg's Lisa Mateo on "Bloomberg Tech."
The US information sector shed roughly 23,000 jobs in August, offering another potential signal of how AI is reshaping the labor market. Northeastern University Professor Alicia Modestino discusses why tech may be the "canary in the coal mine," with her research showing a decline in junior versus senior software developer vacancies since ChatGPT's release. She also discusses why employers are demanding more experience, judgment and human-centric skills from entry-level workers. She joins Bloomberg's Lisa Mateo on "Bloomberg Tech."
Anthropic's anticipated IPO could kick off a busy fall for tech listings after SpaceX dominated the market this summer. Rainmaker Securities co-founder and Managing Director Greg Martin discusses why Anthropic's planned $15 billion revolving credit facility strengthens its position ahead of a potential offering. He also shares how its rapid growth could support a valuation above SpaceX's at IPO and why a successful debut could "open the floodgates" for companies including Oura, neoclouds and other long-awaited tech listings. He joins Bloomberg's Lisa Mateo on "Bloomberg Tech."
Anthropic PBC 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 artificial intelligence firm's public filing for its highly anticipated IPO. Morgan Stanley is leading the process, the people said. Goldman Sachs Group Inc. and JPMorgan Chase & Co. also have prominent roles on the facility, along with Citigroup Inc., they said. The four lenders are also leading the IPO, Bloomberg News has reported. The Claude chatbot maker is seeking to raise as much as SpaceX or more in the initial public offering, people familiar with the preparations have said. Companies typically finalize the revolver before they notify banks of their formal roles in a listing. For more, we speak with Bailey Lipschultz, Senior Equities Reporter for Bloomberg News.
Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, reflecting the deepening challenges incoming Chief Executive Officer Heidi O'Neill will face when she takes over the top job next week. Sales are now projected to be in a range of $10.35 billion to $10.5 billion in the current fiscal year that ends in early 2027. That's down from June's annual forecast, which was itself reduced from the previous view. The company also trimmed its outlook for earnings per share after reporting its first decline in comparable sales since the pandemic when they temporarily stopped reporting the measure. We get reaction from Poonam Goyal, Senior US Retail Analyst for Bloomberg Intelligence.
