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Bloomberg
Financial

Houthi Conflict Threatens Saudi Arabia's Economy

The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, as the Houthis started firing at the kingdom on a near-daily basis this month. The hostilities had already pushed Saudi oil production to the lowest level in decades and they now threaten to complicate the kingdom's multi-trillion dollar plans to diversify the economy. Bloomberg's Onur Ant reports.

Read more: Houthi Conflict Threatens Saudi Arabia's Economy
Bloomberg
Financial

MoneyGram CEO on Launch of New Payments Card

Anthony Soohoo, CEO of MoneyGram, said the company was surprised by the Senate's failure to advance the Clarity Act, but emphasized that MoneyGram will keep moving forward and focus on what it can control. He said it is too early to tell whether the bill, or something like it, will pass soon, and noted that the company is reassessing the regulatory environment. He speaks with Romaine Bostick on "The Close."

Read more: MoneyGram CEO on Launch of New Payments Card
Bloomberg
Financial

Robinhood Predictions VP on Growth in Event Contracts

JB Mackenzie, Robinhood Futures & Prediction Markets VP & GM, discusses rising trading activity in prediction markets ahead of the Federal Reserve's rate decision, with markets pricing in an roughly 85% chance of a 25-basis-point hike. He sas interest in Fed-related contracts has grown substantially over the past year, moving from relatively muted early adoption to one of Robinhood's most popular contracts. He speaks with Romaine Bostick on "The Close."

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Bloomberg
Financial

Dutch Bros CEO Christine Barone on Expansion & Inflation

Christine Barone, President & CEO of Dutch Bros, discussed the company's aggressive growth strategy, saying the chain aims to reach 2,029 shops by 2029 and expects to add at least 185 locations this year. She said that pace is supported by a strong internal talent pipeline, with more than 500 operators ready to move into new states and markets as the company expands. She speaks with Romaine Bostick on "The Close."

Read more: Dutch Bros CEO Christine Barone on Expansion & Inflation
Bloomberg
Financial

Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn

Rick Pitcairn, chairman and chief global strategist at family office Pitcairn, said its his job to tap the breaks on wealthy clients who want to put too much of their money in 'shiny star' investments like SpaceX or private markets. Pitcairn said that there is a role for private credit and private markets, but it should be inside a diverse portfolio.

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Bloomberg
Financial

Retirement Math Difficult for Investors, says BlackRock's Magyera

Jaime Magyera, BlackRock senior managing director and head of US Wealth and head of Retirement, said advisers are using artificial intelligence to help parse increasingly complex capital markets after AI company Anthropic announces new ties with Blackrock. Magyera also said that AI is helping create more strategic customization for clients.

Read more: Retirement Math Difficult for Investors, says BlackRock's Magyera
Bloomberg
Financial

Anthropic Deepens Finance Industry Ties With BlackRock

Jaime Magyera, BlackRock senior managing director and head of US Wealth and head of Retirement, said advisers are using artificial intelligence to help parse increasingly complex capital markets after AI company Anthropic announces new ties with Blackrock. Magyera also said that AI is helping create more strategic customization for clients.

Read more: Anthropic Deepens Finance Industry Ties With BlackRock