Lazard reports $290.3B in assets
Lazard (NYSE:LAZ) reported preliminary assets under management of $290.3 billion as of August 31, 2026, up from $286.9 billion at the end of July.
Lazard (NYSE:LAZ) reported preliminary assets under management of $290.3 billion as of August 31, 2026, up from $286.9 billion at the end of July.
"We have to appreciate that we could be in the midst of a now secular uptrend in bond yields," says Cameron Dawson, chief investment officer at NewEdge Wealth. She does see "tactical buying opportunities" in US Treasuries and says rising yields will continue to put downward pressure on equity valuations. Dawson speaks on "Bloomberg Surveillance."
MoneyHero Group (NASDAQ:MNY) reported second-quarter 2026 revenue of US$15.8 million, down 13% year over year, with a net loss of US$1.2 million.
Isabelle Mateos y Lago, chief economist at BNP Paribas, discusses the weight of Friday's US CPI report on the upcoming Federal Reserve interest-rate decision. She says her firm believes "monetary policy is not restrictive enough" and that the US economy "probably" needs three rate hikes, starting next week.
Bundesbank President Joachim Nagel, speaking Thursday at the European Central Bank's monetary policy press conference in Berlin, said he's worried about the rise of far-right parties such as Alternative for Germany. "Some of these [far-right] concepts are self-defeating in an economic sense," Nagel explains. "Is this helpful to attract foreign investors to come to this country? Definitely not."
SV Health Investors' Ruth McKernan says wearables and health data are helping move medicine from the general to the personal. She says AI is already speeding up parts of drug discovery and improving patient selection for clinical trials. But McKernan says some parts of development cannot be rushed, and the UK still needs more funding to help life-sciences companies scale. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Treasury Secretary Scott Bessent dismissed concerns about the US bond market after Thursday's smaller-than-expected debt buyback operation sent yields to multi-year highs. The Treasury market is in "very good shape," Bessent said in an interview with Steve Bannon. Speaking to Caroline Hepker and Francine Lacqua on Bloomberg Radio Julien Lafargue, Chief Market Strategist at Barclays Private Bank said that Bessent may have overplayed his hand.
The UN's atomic watchdog IAEA says it has observed construction activity at Iran's Pickaxe Mountain. That's after President Trump drew attention to the suspected nuclear site in public comments at least twice in the last week. Shira Efron, Distinguished Chair for Israel Policy at RAND spoke to Bloomberg's Abeer Abu Omar about the activity in Iran and what this means for Israel especially as election looms in the country.
The CEO of full-body scanner Neko Health says technology could help shift healthcare from treating symptoms to identifying risks earlier. Hjalmar Nilsonne explains how Neko's scans combine imaging, cardiovascular testing and blood analysis to build a detailed picture of a person's health, while repeated scans can create longitudinal data to track changes and uncover deeper patterns over time. Nilsonne predicts that in his lifetime AI and more personalized medicine could ultimately help people stay healthier for longer. He spoke to Tom Mackenzie on the latest episode of "Bloomberg Tech: Europe."
Treasury yields climbed and Asian shares declined on Friday as higher oil prices increased inflation concerns and pushed investors to reassess global interest rate expectations.
OpenAI is considering slowing down the development of cutting-edge artificial intelligence, with CEO Sam Altman hoping other AI companies will do the same. In recent weeks, employees of leading firms have raised public concerns about the increased risks of advanced AI systems. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.
Oura's Chief Medical Officer suggests wearable tech could give people a continuous picture of their health, rather than relying on occasional doctor visits. Dr. Ricky Bloomfield says the constant stream of health data provided to users of wearables, like Oura's smart rings, can improve health outcomes and influence behavior. He says the long-term goal is to help spot changes earlier and connect people with care sooner. Bloomfield spoke to Tom Mackenzie on the latest episode of "Bloomberg Tech: Europe."
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