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Bloomberg

RBC Says Stocks Can Weather Fed Hikes, But Not Too Many

Lori Calvasina, head of US equity strategy research at RBC Capital Markets, says the strength of US corporate earnings is propping up stocks amid concern that the Federal Reserve will raise interest rates. But there are limits to how many hikes the market can withstand, she says on Bloomberg Television's ``Surveillance.''

Leia mais: RBC Says Stocks Can Weather Fed Hikes, But Not Too Many
Bloomberg

Former Fed Chairman Alan Greenspan Dies at 100

Alan Greenspan has died at the age of 100. He served as Fed chief for 18 years, from 1987 to 2006, and was credited with guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted in 2008. Greenspan died on June 22 at his home due to complications of Parkinson's disease. Bloomberg's David Westin looks back at his accomplishments.

Leia mais: Former Fed Chairman Alan Greenspan Dies at 100
Bloomberg

Markets Expected Starmer's Resignation as UK PM: Amundi

Amundi Investment Institute Head Monica Defend discusses the market reaction to Keir Starmer's announcement that he will step down as British prime minister. Speaking on Bloomberg Television, she says "this was largely expected," which justifies the "containment in volatility." Defend adds there is still value on the yield and that "the real story is one of fiscal discipline."

Leia mais: Markets Expected Starmer's Resignation as UK PM: Amundi
Bloomberg

EasyJet Rejects Castlelake Takeover Bids

EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports.

Leia mais: EasyJet Rejects Castlelake Takeover Bids
Bloomberg

Ethiopian PM Abiy Ahmed's Party Wins Elections

Ethiopian Prime Minister Abiy Ahmed has secured another term in office after his Prosperity Party won a landslide victory in parliamentary elections.  Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains the result gives the Ethiopian leader a fresh mandate to pursue economic reforms, but he faces a daunting list of challenges.

Leia mais: Ethiopian PM Abiy Ahmed's Party Wins Elections