Private equity is still winning Wall Street's talent war, but the battlefield is shifting. As buyout firms aggressively poach junior bankers, AI startups dangle equity upside and supercharged growth. With AI tools reshaping entry-level roles and payouts at the top swelling again, finance is racing to prove it can still offer the best long-term bet for ambitious young talent.
David Ellison and his family invested approximately $17 billion to complete Paramount Skydance's acquisition of Warner Bros. Discovery, according to public filings. Dylan Sloan reports on "Bloomberg Open Interest."
Bank of England Governor Andrew Bailey warned that governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks. "Fiscal policy can operate as a countercyclical tool of policy," Bailey said at an event in Turkey. "But if the negative shocks come at higher frequency, and underlying growth in the economy is lower, countercyclical policy becomes very difficult to follow successfully." (Source: TCMB Istanbul Economic Forum)
Broadcom is planning its next blockbuster deal after launching a $60 billion debt financing to help fund Anthropic PBC's artificial intelligence build-out. Sarah Frier has more on "Bloomberg Open Interest."
Goldman Sachs executives including CEO David Solomon and President John Waldron are set to take in a special bonus. Equity awards could top $500 million based on the current share price. Solomon could get $100 million alone. Bloomberg's Sridhar Natarajan reports.
OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, with Tiger Global poised for a paper profit of $5 billion. Hema Parmar reports on "Bloomberg Open Interest."
PepsiCo lowered its profit outlook as the snack and beverage company faces higher costs in North America that are weighing on margins. Ken Shea of Bloomberg Intelligence has more.
Rick Rieder, CIO of global fixed income at BlackRock, says the front end of the yield curve is "still very attractive," and discusses the state of the US economy and why he is positioned for a hawkish Federal Reserve.
Initial jobless claims in the US eased by 2,000 to 197,000 in the week ending October 3. This is the fourth straight week claims have been below 200,000. Bloomberg's Michael McKee reports.
Rick Rieder, CIO of global fixed income at BlackRock, points to the front end of the yield curve "to keep your volatility down, keep your income high." He speaks on "Bloomberg Surveillance."
Matthew Gehl, Co-head of International Technology Investment Banking at JPMorgan spoke to Bloomberg's Tom Mackenzie at the 2026 JPMorgan Tech Stars event in London on Oct. 6.
European natural gas prices rose following a report the White House asked the Pentagon to develop strike options against Iran that could be executed before the midterm elections next month. Michele Della Vigna, Head of Natural Resources Research in EMEA at Goldman Sachs, says Europe is not well prepared for winter in the energy market with risks skewed to the upside. "In Europe, natural gas drives 60% of the price of power for 60% of the time. And in some countries, the UK, Italy, Germany, for 80% plus of the time. So all of this ultimately feeds through industrial competitiveness and the consumer's disposable income," he said. Della Vigna discusses the energy market impacts and risks from conflicts in the Middle East on "The Pulse with Francine Lacqua."
