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Bloomberg
Financial

Bank of America Invests $250B in Critical Infrastructure

Bank of America announced a $250 billion investment initiative aimed at enhancing critical infrastructure across the United States over the next 18 months. Karen Fang, the bank's Global Head of Infrastructure & Sustainable Finance, explained that the initiative focuses on three key areas: digital infrastructure including data centers, energy and power development, and core infrastructure. She speaks with Romaine Bostick & Isabelle Lee on "The Close."

Leia mais: Bank of America Invests $250B in Critical Infrastructure
Bloomberg
Financial

Behind CME's Plan for 24/7 Silver Futures To Draw Retail

CME Group is preparing to expand its 24/7 trading hours to include the 100-ounce silver futures contract, pending regulatory approval, following the recent launch of its around-the-clock one-ounce gold futures contract. Jin Hennig, CME Group Managing Director and Global Head of Metals, explained that strong retail demand and significant weekend trading volumes in gold futures, exceeding $200 million in notional value over recent weekends, have driven the decision to extend 24/7 trading to silver. She speaks with Romaine Bostick & Isabelle Lee on "The Close."

Leia mais: Behind CME's Plan for 24/7 Silver Futures To Draw Retail
Bloomberg
Financial

CEOs Concerned About the Consumer, Says Rebecca Homkes

Rebecca Homkes, lecturer at the London School of Economics, said that all CEOs are concerned about the state of the consumer, but how just concerned or optimistic they are varies by industry. Homkes described the difference in experience as a continuum of companies that deal in 'dirt,' meaning infrastructure or supply chain, to companies that deal directly with the consumer economy.

Leia mais: CEOs Concerned About the Consumer, Says Rebecca Homkes
Bloomberg
Financial

Calif. AG Calls Paramount's Threat to Leave 'Blackmail'

Bloomberg's Josh Sisco joins Romaine Bostick on "Bloomberg Deals." California Attorney General Rob Bonta called reports that Paramount Skydance plans to leave the state if its top lawyer doesn't settle a lawsuit challenging the company's planned merger with Warner Bros. Discovery "blackmail' in a post on social media Tuesday.

Leia mais: Calif. AG Calls Paramount's Threat to Leave 'Blackmail'
Bloomberg
Financial

Ancora Comfortable With Its Offer for H.B. Fuller Unit

Ancora Holdings Group is pushing to acquire H.B. Fuller Co.'s building adhesives unit for as much as $1.2 billion. James Chadwick is the president of Ancora's alternatives arm. He says the activist investor is comfortable with the offer and it would be a "win-win" for shareholders. He speaks on "Bloomberg Deals."

Leia mais: Ancora Comfortable With Its Offer for H.B. Fuller Unit