Alcoa invests $2.1M in Equus Energy
Equus Energy (ASX:EQU) secured another $2.1 million from Alcoa (NYSE:AA) to help progress its gas development project off Western Australia.
Equus Energy (ASX:EQU) secured another $2.1 million from Alcoa (NYSE:AA) to help progress its gas development project off Western Australia.
The Australian Government will introduce new ministerial directions to restrict temporary visa holders after legislative negotiations with the Coalition collapsed.
Bloomberg Odd Lots hosts Joe Weisenthal and Tracy Alloway react to AI skepticism and recent warnings coming from people in the industry. The pair discuss what the hacking of Hugging Face might tell us about where AI is headed and what some of the biggest risks of these warnings could be, arguing "when everything is couched in these existential terms, you end up just getting a race right to who can develop first."
Manju Boraiah, Senior PM and Head of Systematic Fixed Income at Allspring Global Investment, reacts to Wednesday's Fed rate decision saying fundamentally, 'we needed the hike.' He also discusses how investors can break out from frozen positions, arguing that trillions of dollars of wealth is sitting in concentrated positions that are being held back by tax bills, and offers a possible solution to move toward diversification.
Federal Reserve Chairman Kevin Warsh speaks after the central bank's decision to raise interest rates by 25 basis points. Here are some of the key moments from Warsh's news conference.
Bess Freedman, CEO of Brown Harris Stevens, discusses a growing divide between affluent buyers and everyone else in the housing market. In response to a comparison with luxury consumer spending, Freedman says high-end real estate can often keep moving even when broader economic pressures, including Federal Reserve policy and higher mortgage rates, weigh on typical buyers. She speaks with Romaine Bostick on "The Close."
Brookings President Cecilia Rouse discusses the human impact of the Fed's decision, emphasizing that monetary policy affects paychecks, hiring, borrowing costs, and retirement planning not just basis points and forecasts. She says the Fed is trying to restore price stability while avoiding a deeper downturn in the labor market. She speaks with Romaine Bostick on "The Close."
Stephanie Aliaga, Global Market Strategist at JPM Asset Management, reacts to Fed Chair Warsh's remarks after raising interest rates. She argues that while oil prices are a long-term driver of inflation, the AI buildout is also having a significant impact. She argues slowing the AI frontier will help with adoption, and ultimately boost productivity.
Ken Shinoda of DoubleLine Capital said the Fed's unanimous rate hike was largely in line with market expectations, noting that traders had already priced in a better-than-90% chance of a move. He pointed to the reaction in Treasuries as evidence that the market believes more tightening may still be needed, with the 10-year yield slightly higher on the day and the long bond giving back some of its initial rally. He speaks with Romaine Bostick on "The Close."
According to OpenAI President Greg Brockman, it was no surprise to the company that some of its models were able to break free of the testing environment but what's happened since has forced some rethinking. Brockman joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss what OpenAI has learned since the Hugging Face hacking incident and how worried we should be about the AI doomsday scenarios.
Jeffrey Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, reacts to the Federal Reserve's decision to raise interest rates by 25 basis points. He speaks on "Bloomberg Surveillance: The Fed Decides."
Bloomberg's Chris Palmeri joins Scarlet Fu on "Bloomberg Deals." Authentic Brands, a licensor of everything from Elvis Presley's image to the Reebok sportswear brand, could pursue an initial public stock offering as early as the first half of next year.
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