Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss "Kitchen Confidential: Adventures in the Culinary Underbelly" by Anthony Bourdain and "The Greater Journey: Americans in Paris" by David McCullough.
Ken Griffin's Citadel has offloaded more than 80% of the aggregate risk associated with the Situational Awareness stock portfolio it acquired from the embattled AI hedge fund. Citadel struck a deal last month to buy stocks from the fund led by Leopold Aschenbrenner. Bloomberg's Hema Parmar reports.
Diane Swonk, KPMG Chief Economist, discusses expectations for the upcoming Federal Reserve speech at the Jackson Hole Economic Symposium. The speech is traditionally technical and focused on internal task forces, but markets are seeking clearer guidance on inflation and monetary policy. She speaks with Romaine Bostick & Sally Bakewell on "The Close."
Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, discussed the market reaction to potential new US sanctions on Iran during a live financial news segment. He noted that oil prices experienced only a modest increase following the announcement, largely because the existing blockade on Iranian ports and oil exports is already restricting Iranian oil from reaching the market. He speaks with Romaine Bostick & Sally Bakewell on "The Close."
Bloomberg's Julia Franzares joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how consumers of all ages are making more room for pastimes in their budget, with hobbyists willing to cut elsewhere or dip into their savings to fund their hobbies.
Bloomberg's Sarah Foster joins Scarlet Fu and Tom Keene on "Bloomberg Money." Almost half of US millennials say their financial situation has improved from five years ago. That compares with 43% of Generation X and 40% of baby boomers who say the same.
Bloomberg's Sarah Foster joins Scarlet Fu and Tom Keene on "Bloomberg Money." Gap years are becoming more appealing as families question whether a college degree alone is enough to stand out, with some programs costing more than a year of tuition.
Rebecca Patterson, senior fellow at the Council on Foreign Relations and former chief investment strategist at Bridgewater Associates, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.
Rebecca Patterson, senior fellow at the Council on Foreign Relations and former chief investment strategist at Bridgewater Associates, joins Scarlet Fu and Tom Keene on "Bloomberg Money."
Bloomberg's Nikki Waller and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." The Treasury surprised traders this week with its plan to buy back more debt. Long-dated yields plunged on Wednesday in response to the news, only to rebound the next day.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Emily Graffeo.
Bloomberg's Nikki Waller, Sarah Frier, and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the whiplash in the US Treasury market this week and how it impacts personal finance and politics.
