Daly Says Fed Needs to Guard Against Inflation 'Drift'
Federal Reserve Bank of San Francisco President Mary Daly says "alarm bell" isn't sounding off yet on longer-run inflation expectations during an event in Tokyo.
Federal Reserve Bank of San Francisco President Mary Daly says "alarm bell" isn't sounding off yet on longer-run inflation expectations during an event in Tokyo.
Warner Bros. Discovery Inc. reported a drop in sales due to the loss of a deal to carry National Basketball Association games and its summer movie lineup has not performed well. But all eyes are on the planned acquisition by Paramount Skydance. Geetha Ranganathan of Bloomberg Intelligence has more.
Edward Al-Hussainy, Total Return bond portfolio manager at Columbia Threadneedle, examines the numerous factors he sees impacting the long end of the yield curve.
Federal Reserve Chairman Kevin Warsh is said to be prepared to stick with his revised communications style despite a selloff in US Treasuries following last week's Fed meeting, according to a report in the Financial Times. Michael McKee has more on Bloomberg Television.
Applications for US unemployment benefits edged up to 199,000 in the week ended Aug. 1, according to Labor Department data released Thursday. Claims remained below 200,000 for a third straight week and the four-week moving average fell to the lowest since September 2022. Michael McKee reports on Bloomberg Television.
Bob Elliott, CEO and CIO at Unlimited Funds, discusses market FOMO in AI and chips which he sees as "classic bubble-type activity" and warns about the levels of leverage he sees across markets.
Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television.
Billy Braddock, regional group president at Huntington Bancshares Inc., discusses the bank's business in Texas after taking over Cadence Bank, the loan business in the state and the adoption of artificial intelligence. He speaks with Bloomberg's Julie Fine.
Erik Wytenus, EMEA head of investment strategy at JPMorgan Private Bank, says robust earnings make it "reasonable to continue to allocate to a healthy degree to the US." He speaks on Bloomberg Television.
Anna Edwards, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip-stock holdings. OpenAI's Japanese backer is in the spotlight alongside concerns about climbing debt levels that AI service providers are taking on to spend on data centers and other infrastructure. Bloomberg's Neil Campling reports.
EnergyAustralia, owned by parent entity CLP Group, posted first-half operating earnings of HK$223 million.