The Retirement Investor is 'On Autopilot,' Says Marta Norton
Marta Norton, Chief Investment Strategist at Empower, discusses the outlook for equities and retirement investing amid a bond selloff and rate hiking cycle.
Marta Norton, Chief Investment Strategist at Empower, discusses the outlook for equities and retirement investing amid a bond selloff and rate hiking cycle.
French soccer superstar Kylian Mbappé is leaving Nike to sign with Swiss sneaker company On. The 27-year-old striker is the World Cup's all-time goal leader. It's said to be a 10 year deal. On shares rose with the news. Randall Williams reports.
French Prime Minister Sebastien Lecornu will propose a vast effort to control spending and narrow the deficit after failing to do so in 2026. Bloomberg News Reporter Caroline Connan, discusses the French budget proposition, as well as France's Presidential election in 2027.
Artificial intelligence is drawing rare bipartisan agreement in Washington, DC. Lawmakers on both sides of the aisle say more guardrails need to be in place. Bloomberg's Mario Parker has more in "The Debrief" on "Balance of Power."
AI hardware continued to drive August's increase in import prices, as it has throughout the year. Commodity-price volatility from the Iran war raised the cost of industrial materials at the border. Companies face higher input costs and rising expenses tied to the AI buildout. Torsten Slok, Chief Economist at Apollo Global Management, discusses the Fed's rate decision and role AI investment has played in supporting the US economy.
PWC CEO Paul Griggs says AI should be viewed as a business transformation, not simply a technology upgrade. He says companies most exposed to AI are seeing stronger productivity and hiring, while PWC itself is adding engineers, data scientists and machine-learning experts as its workforce evolves.
FTSE Russell's Indrani De says resilient earnings and AI-driven investment continue to support markets, but investors are becoming more selective. She says capital is increasingly balancing growth exposure with investment-grade debt, while rising refining constraints and energy costs remain key risks heading into winter.
Berkshire Hathaway Inc. founder Warren Buffett is stepping down as the company's chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate. Bloomberg Intelligence Senior P&C Insurance Analyst Matt Palazola discusses the move and Buffett's legacy with the company.
On this episode of Stock Movers: - On Holding (ONON) is higher after it signed Kylian Mbappé as a partner in developing football products and representing the brand. The move marks On mounting a bold challenge to Nike and Adidas' dominance of the sport. - Xenon Pharmaceuticals (XENE) is in a steep decline after it voluntarily halted a trial enrollment of azetukalner, which treats depression and bipolar, after studies showed adverse events. - Netflix (NFLX) shares are lower after Wells Fargo downgraded the stock to underweight, citing concerns about user engagement. Analyst Steven Cahall wrote that Netflix "has lacked big original series and it's showing" and that "breakout hits" are necessary for the stock to work again.
A new draft report found that Federal Reserve officials failed to adequately respond to repeated warnings about Silicon Valley Bank's deteriorating financial condition before its 2023 failure. The report by Starling Trust Sciences was commissioned by Federal Reserve Vice Chair for Supervision Michelle Bowman, who has long pushed for an outside review of SVB's failure. Michael McKee reports on Bloomberg Television.
Steven Englander, global head of G10 FX research at Standard Chartered Bank, citing the strength of the US dollar and uncertainty about future rate-hiking commitments from the Bank of Japan, says that he wants to bet against the yen "short-term."
Federal Reserve Vice Chair for Supervision Michelle Bowman said she expects the Fed to consider final revisions to the stress test framework in the "coming weeks." Bowman added that the final changes to the agency's marquee exam are likely to address concerns about risk sensitivity and which risks are captured. She spoke Friday in London.
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