Bloomberg News and Videos — Page 981

Stephen Auth, CIO, equity at Federated Hermes, explains the factors behind his firm's decision to trim their 2026 target for the S&P 500 to 7,500.

German manufacturer BASF has warned that its 2026 adjusted operating income may either decline or increase only marginally amid challenging market conditions, falling short of market expectations and leading the chemicals group to intensify its cost-cutting measures. CFO Dirk Elvermann spoke with Bloomberg's Vonnie Quinn.

Netflix Inc. dropped out of the fight to buy Warner Bros. Discovery Inc., saying that while it believed its deal would have passed muster with regulators and created shareholder value, it didn't want to keep bidding. The move clears the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio. Bloomberg's Manuel Baigorri breaks down the situation.

The collapse of Market Financial Solutions has some of the biggest names in finance, including Jefferies, Wells Fargo and Barclays, scrambling to recoup whatever money they can from an embattled company. MFS was a nonbank finance firm looking to fill a gap that major banks had ignored or shunned, while tapping Wall Street giants for the cash to do it. Bloomberg's Neil Callanan explains.

Max Kettner, chief multi-asset strategist at HSBC Global Investment Research, says investors are too focused on the artificial intelligence trade. "We're probably missing that, under the hood, there is some proper cyclical recovery going on," Kettner tells Bloomberg Television. "The smaller, manufacturing-driven economies, all of them actually have been starting to see a real pickup in the last two months," he adds.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Dubai Aerospace Enterprise is buying Macquarie AirFinance for an enterprise value of about $7 billion. The purchase will double DAE's fleet to more than 1,000 units and the company plans to finance the cash transaction with a combination of debt and equity. Firoz Tarapore, CEO of Dubai Aerospace Enterprise spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the acquisition.

Saudi Arabia has been the laying the groundwork for more consequential reforms, including the recent opening of its $2.5 trillion stock market to all foreign investors. Tarek Fadlallah, Middle East CEO at Nomura Asset Management says it's time to adopt a more positive outlook on Saudi Arabian equities, after two decades of caution. He joined Bloomberg's Joumanna Bercetche on Horizons Middle East and Africa.

Hong Kong Investment Corporation CEO Clara Chan says she expects the government to soon announce more details of the planned capital injection into the fund, with the original $8 billion already mostly allocated. Speaking on Bloomberg's The China Show, she also discusses partnership plans to invest in commercial property.

Netflix has dropped out of the fight to buy Warner Bros. Discovery, clearing the way for Paramount Skydance to clinch its deal for the historic Hollywood studio. Bloomberg's Lucas Shaw reports.