Tristan Thompson says he buys Bitcoin daily
Former NBA champion Tristan Thompson said he buys Bitcoin (CRYPTO:BTC) every day and treats it as a long-term investment.
Former NBA champion Tristan Thompson said he buys Bitcoin (CRYPTO:BTC) every day and treats it as a long-term investment.
Robin Tsai, Managing Partner at VMG Partners, discussed the recent uptick in consumer space IPOs following notable debuts like Jersey Mike's and Reformation. He outlined VMG Partners' investment strategy, which focuses on established consumer brands with existing revenue, scale, and profitability, rather than early-stage ventures. He speaks with Romaine Bostick on "The Close."
Anant Bhalla, CEO of 1823 Partners and Chief Investment Officer at JAB Holdings, discussed the strategic integration of insurance businesses within private markets to enhance liquidity and return cash to clients. He highlighted the complementary nature of consumer and insurance businesses in varying interest rate environments, with insurance thriving when rates are higher. He speaks with Romaine Bostick on "The Close."
Naveen Jaggi, President of Retail Advisory Services at JLL, discusses the recent easing of inflation and its impact on retail demand, highlighting a notable rebound in the second quarter. Jaggi points out that malls, after a decade of closures, are seeing renewed interest, particularly among younger consumers embracing 'mall maxing.' He speaks with Romaine Bostick & Isabelle Lee on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
Bobby Sharma, Founder and Managing Partner at Bluestone Equity Partners, discussed the recent $12.5 billion valuation of the Los Angeles Lakers, highlighting the extraordinary price and the broader trend of sports becoming institutionalized investment assets. Sharma emphasized that the Lakers represent a unique global intellectual property asset, far beyond a local community team, which justifies a scarcity premium. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
Bloomberg's Paula Seligson said that specific subsets of the software industry are especially at risk from the 'SaaSpocalypse' the selloff of companies based around 'software-as-a-service as artificial intelligence replaces software functionality for things like data visualization. Seligson said that right now investors are trying to figure out the reality of the risk around the 'SaaSpocalypse' and which companies most vulnerable.
Gargi Chaudhuri, chief investment and portfolio strategist, Americas at BlackRock, and Matt Wrzesniewsky, head of fixed income client portfolio management at Vanguard, join Emily Graffeo on "Real Yield."
Gargi Chaudhuri, chief investment and portfolio strategist, Americas at BlackRock, joins Emily Graffeo on "Real Yield." The US government sold 30-year bonds at the highest interest rate in a quarter of a century, reflecting a relentless selloff that's stirred speculation the nation will tilt borrowing further toward short-dated maturities.
Lipi Sternheim, REalloys CEO, said that his company is working closely with the US Army to get a critical mining operation underway on US military base and that the US government's interest in expanding critical minerals mining in the US has not slowed. Sternheim said that expanding US capacity to the level of its competitors like China remains years away.
Jerry Cudzil generalist portfolio manager, fixed income at TCW, joins Emily Graffeo on "Real Yield." As a flood of debt sales by US tech companies ripples through the credit market, it seems to be triggering an inadvertent rise in risk metrics for some of the world's safest firms.
Bloomberg's Miranda Davis joins Emily Graffeo on "Real Yield." Chicago Mayor Brandon Johnson is pushing for a temporary moratorium on data centers, and signed an executive order on Tuesday to create new rules for any future developments.