US Services Industry Expands at a Steady Pace
The Institute for Supply Management's services index rose 0.1 point to 54.1, according to data released Wednesday. Michael McKee reports on "Bloomberg Open Interest."
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The Institute for Supply Management's services index rose 0.1 point to 54.1, according to data released Wednesday. Michael McKee reports on "Bloomberg Open Interest."
Ken Griffin's flagship Citadel fund rose almost 6% in July after buying most of Situational Awareness's public stocks at a discount. Citadel is up almost 12% on the year. Fallout from the troubled artificial-intelligence Situational Awareness hedge fund is still rippling through markets. Bloomberg's Hema Parmar reports on "Bloomberg Open Interest." (Correction: This video has been updated with a graphic reflecting Citadel's performance)
Walt Disney Co.'s fiscal third quarter profit beat Wall Street estimates as soaring income from its entertainment division and the resilience of its theme parks in California and Florida delivered a second straight quarter of better-than-expected profitability for Chief Executive Officer Josh D'Amaro. Geetha Ranganathan of Bloomberg Intelligence has more.
The US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027. The quarterly refunding will raise about $28.7 billion in new cash. Auctions will be held on August 11, 12 and 13. Bloomberg's Michael McKee reports.
US private payrolls rose 44,000 in July after a revised 95,000 increase in the prior month as companies added fewer jobs than expected, according to ADP Research data out Wednesday. Michael McKee reports on Bloomberg Television.
Joint US-Japan intervention has helped the yen for now, but isn't a game-changer for the currency or the economy, Japan's former Prime Minister Fumio Kishida said in a Bloomberg TV interview in Tokyo. He touted a ¥370 trillion ($2.3 trillion) growth strategy as the long-term vision that will transform Japan's fortunes.
South Korea is accelerating the second phase of its cryptocurrency regulatory framework, the Digital Asset Basic Act (DABA), with a focus on establishing rules for stablecoins, crypto exchange-traded funds, tokenisation, and corporate access to digital asset markets.
Ariana Salvatore, head of US public policy strategy at Morgan Stanley, says a win by progressive Abdul El-Sayed in the Democratic US Senate primary in Michigan "makes it really challenging as a general election seat for Democrats to flip," and looks at how the US economy plays into the midterm elections.
Matt McLennan, First Eagle Investments Head of Global Value Team, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the market complacency created by a high concentration in AI.
Artificial intelligence models developed by OpenAI and Anthropic PBC carried out "unsanctioned" actions including hacking a website and attempting to inject harmful code into software during safety testing reinforcing fears that neither the creators nor seasoned researchers of these systems can predict their actions in testing. Bloomberg Opinion columnist Parmy Olson joins Francine Lacqua on "The Pulse" to discuss the implications.
The XRP Ledger (CRYPTO:XRP) and its EVM Sidechain are now live on Axelar's interoperability network, enabling users to move XRP and other supported assets across more than 80 blockchains without the need for multiple separate bridge solutions.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines the first quarterly report from SpaceX as the company disclosed higher-than-expected spending on its artificial intelligence business.
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