Apollo Chief Economist Torsten Slok talks about the impact of higher interest rates on the US housing supply. He also discusses the prospects of an AI-induced bank run and which parts of the economy are the most sensitive to Federal Reserve interest rate moves. He speaks on "Bloomberg Surveillance."
Broadcom CEO Hock Tan likened AI investing to gambling, saying many investors do not understand what they are backing and have extreme expectations. Bloomberg Intelligence's Mandeep Singh has more on financing markets and AI on "Bloomberg Open Interest."
Veronica Clark, US economist at Citi Research, points to slowing economic activity outside of Artificial Intelligence and suggests that a modest increase in inflation could keep the Federal Reserve on hold in October and December. She speaks on "Bloomberg Surveillance."
Ukrainian President Volodymyr Zelenskyy said on Monday that energy infrastructure has continued to be hit by Moscow's air strikes, violating an energy ceasefire announced by US President Donald Trump. Tyler Kendall reports on Bloomberg Television.
As the war in Ukraine enters nears its fifth year, Dutch Defense Minister Dilan Yesilgoz-Zegerius says "it's very important to make sure that the sanctions" against Russia remain in place, so that Russian President Vladimir "doesn't get everything he needs to fund this war." She made the comments in an interview with Bloomberg Television from the Warsaw Security Forum on Monday.
HSBC will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. Bloomberg's finance reporter, Harry Wilson, reports on The Pulse.
Amrita Sen, founder and director of market intelligence at Energy Aspects, discusses what she calls "extremely desperate measures" by US President Donald Trump to increase Moscow's diesel sales into global markets and the announcement of an "energy ceasefire" between Russia and Ukraine. She speaks on "Bloomberg Surveillance."
US-based academics Robert E. Hall and Michael Woodford will share the 2026 Nobel Prize in Economics for their work on the "microeconomic foundations of macroeconomic stabilization," according to the Royal Swedish Academy of Sciences in Stockholm. (Source: Associated Press)
Jeonbuk Bank has launched South Korea’s first corporate loans backed by Bitcoin (BTC), according to an exclusive report by Edaily.
Investors are losing faith in France's ability to manage its debt burden. The European nation's fiscal crisis has been exacerbated by nationwide protests, where young people are demanding 10 billion ($11.2 billion) in funding to fix overcrowded classes and outdated school buildings. Bloomberg's Alan Katz reports.
The G-20 Common Framework, a global toolkit to help poorer nations avoid chaotic defaults faces a fresh test in Senegal. Amid mounting debt strains, the nation plans to use an improved version of the framework to secure a fair distribution of relief across creditors in what will be seen as a key test of its effectiveness. Bloomberg's Matthew Hill reports from the annual IMF & World Bank meeting in Bangkok.
Stellantis Chief Executive Officer Antonio Filosa says a Europe-US split of the company is "not plausible at all." Speaking with Bloomberg's Caroline Connan at the Paris Motor Show, he adds: "Our strategy is based on having all the brands playing their unique role, but all of them enjoy transversal technology."
