US Downgrade Hits Muni Market as Fitch Cuts Billions of Debt
Fitch Ratings downgraded billions of dollars worth of public finance credits that are linked to the rating company’s landmark decision to strip US government debt of its AAA status. #press
Stocks in Asia Face Mixed Open After US Bond Rout: Markets Wrap
Stocks in Asia are set for a mixed open following a slump in US equities and bonds, as focus shifts to Friday’s jobs report for clues on the outlook for the Federal Reserve’s next steps. #press
Occidental Weighs Berkshire Redemption Pause on Oil Prices
Occidental Petroleum Corp. may pause redeeming Berkshire Hathaway Inc.’s preferred equity in the third quarter as lower oil prices limit its ability to return money to shareholders. #press
QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets Wrap
Stocks fell as the selloff in the world’s biggest bond market deepened ahead of the jobs report, which is expected to provide clues on the outlook for the Federal Reserve’s next steps. #press
Occidental Weighs Berkshire Redemption Pause on Oil Prices
Occidental Petroleum Corp. may pause redeeming Berkshire Hathaway Inc.’s preferred equity in the third quarter as lower oil prices limit its ability to return money to shareholders. #press
Trinity's Hehir Sees 'Choppy' Debt Markets Ahead
Sean Hehir, Trinity Investments CEO, talks about the economic challenges facing property owners and the big resort travel trends he's seeing. He speaks to Bloomberg's Abigail Doolittle.
(Source: Bloomberg) #press
Bond Market Confronts Risk of Pivotal US Jobs Report
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. #press
QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets Wrap
Stocks fell as the selloff in the world’s biggest bond market deepened ahead of the jobs report, which is expected to provide clues on the outlook for the Federal Reserve’s next steps. #press
Occidental Weighs Berkshire Redemption Pause on Oil Prices
Occidental Petroleum Corp. may pause redeeming Berkshire Hathaway Inc.’s preferred equity in the third quarter as lower oil prices limit its ability to return money to shareholders. #press
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates. #press
The Hamptons Wants to Borrow More as Wealthy Linger Longer
East Hampton, New York, sold debt on Thursday, joining a list of well-off US tourist destinations that have tapped the market this summer. #press
What to Expect From the July Jobs Report
The US economy is expected to have added 200,000 jobs in July. The report comes out Aug. 4. Bloomberg's Michael McKee has a preview. (Source: Bloomberg) #press
Coinbase Sees Growth Ahead in Trading Revenue
Coinbase Global Inc., the largest US cryptocurrency exchange, said its second-quarter loss narrowed and revenue exceeded estimates. CFO Alesia Haas says there is huge growth ahead for trading revenues. She speaks on "Bloomberg Markets: The Close." (Source: Bloomberg) #press
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates. #press
Bond Market Confronts Risk of Pivotal US Jobs Report
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. #press
Bond Market Confronts Risk of Pivotal US Jobs Report
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. #press
Myanmar Leader Moves Loyalists to Key Roles in Defense, Home Affairs
Myanmar’s junta chief Min Aung Hlaing on Thursday moved loyalists to key ministries in a cabinet shuffle following the extension of emergency rule earlier this week. #press
Coinbase Sees Growth Ahead in Trading Revenue
Coinbase Global Inc., the largest US cryptocurrency exchange, said its second-quarter loss narrowed and revenue exceeded estimates. CFO Alesia Haas says there is huge growth ahead for trading revenues. She speaks on "Bloomberg Markets: The Close." (Source: Bloomberg) #press
Bond Market Confronts Risk of Pivotal US Jobs Report
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. #press
Top Calls: Warner Bros Stuns on Free Cash Flow
Michael Morris, Guggenheim Securities Senior Managing Director joins Romain Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close. (Source: Bloomberg) #press
