Mark McCormick, BMO Capital Markets Chief FX Strategist, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the risks around the wealth effect being a primary driver of consumption in the US.
SoftBank is looking to issue the equivalent of more than $11 billion in what would be one of the biggest junk bond deals ever, according to people familiar with the matter. This comes as the company ramps up its investments in ChatGPT creator OpenAI. Neil Campling reports on Bloomberg Television.
Germany's regional economies will continue to weaken as the far-right Alternative for Germany (AfD) gets stronger, says Marcel Fratzscher, president of DIW Berlin. "People are leaving," Fratzscher tells Bloomberg Television. "And not just people with a migrant background, but Germans and German companies."
Novo Nordisk shares plunged in early trading as the company pledged to launch more than five blockbuster drugs and deliver more than $23 billion in new sales in coming years. The plans disappointed investors hoping for more concrete turnaround plans from Chief Executive Officer Mike Doustdar after the Danish drugmaker lost its lead in the booming obesity market to Eli Lilly. Bloomberg's Sanne Wass reports.
The heads of QIA, Apollo, and Goldman Sachs say global capital demand is 'overwhelming' as money pours into defense, energy and AI. They were speaking at the Qatar Economic Forum in New York.
Tens of thousands of workers across Germany plan to stage protests on Monday, seeking protection for jobs and factories. Employees at Volkswagen, which slashed its profit outlook late Friday, as well as Mercedes-Benz, BMW, Audi, Porsche and major suppliers, will take part in demonstrations at more than 280 events nationwide. Bloomberg's Elisabeth Behrmann reports.
UBS Chief Executive Officer Sergio Ermotti said the idea to let the lender use a form of debt known as AT1 bonds to meet some of the capital requirements being proposed by Swiss lawmakers would be "bearable." Ermotti made the comments in an interview in Neue Zuercher Zeitung published Sunday. Bloomberg's Tom Metcalf reports.
Societe Generale lifted its profitability target as CEO Slawomir Krupa aims to cut costs and boost investor payouts with a new strategy. The French lender increased the goal for its return on tangible equity to between 13% and 14% in 2029 and to more than 15% after that, according to a statement Monday. Bloomberg's Tom Metcalf reports.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Resolute Mining (ASX:RSG) has lowered its full-year 2026 gold production target to 205,000–225,000 ounces.
Jade Gas (ASX:JGH) has launched an exploration initiative targeting deeper gas-bearing horizons beneath the shallow coal seams at its flagship TTCBM Project.
Metal Hawk (ASX:MHK) has secured firm commitments to raise $1.2 million through a private placement ahead of drilling at its 100%-owned Leinster South Project.
