Bitcoin Isn't Going Away, Says David Rubenstein
Carlyle Group Co-Founder and Co-CEO David Rubenstein says Bitcoin isn't going away. But he says lawmakers are going to keep taking a very close look at it. Rubenstein also talks about BlackRock's effort to launch a spot Bitcoin ETF. He is on "Bloomberg Surveillance." (Source: Bloomberg) #press
Rivian Raises Production Targets as Earnings Beat
Rivian Automotive Inc. nudged up its production guidance for the year and narrowed its loss expectation as the maker of plug-in vehicles works to reestablish itself as a rising player in the increasingly crowded EV market. Bloomberg's Ed Ludlow reports. (Source: Bloomberg) #press
Argentina’s Bullrich Would Remove FX Controls With IMF Help #press
Colombia Prosecutor Says Criminals Financed Petro’s Campaign
The son of Colombian President Gustavo Petro said he would turn over evidence that money from crime found its way into his father’s presidential campaign, according to a prosecutor. #press
Bloomberg Markets: The Close (08/03/2023)
Scarlet Fu & Katie Greifeld bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackle Trump's arraignment in DC, oil prices rise ahead of Friday's OPEC+ review and the impact of strikes on Hollywood. Guests Today: Aoifinn Devitt of Moneta, Kate... #press
Bloomberg Markets: The Close (08/02/2023)
Romaine Bostick & Katie Greifeld bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackle the Fitch downgrades, Amazon kicks off grocery reboot and Robinhood earnings. Guests Today: Meb Farber of Cambria Investment, Michael Saylor of... #press
Rare China Vow on Market Support Puts Beijing’s Toolkit in Focus
An unusual display of China’s commitment to rejuvenating its capital markets has sparked newfound hopes among traders in the nation’s $10 trillion stock market. #press
Cathay Unseats Singapore Air as Stock Winner on Travel Revival
A reversal in the fortunes for shares of Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. may extend further as Hong Kong’s flagship carrier springs back to life after years of pandemic restrictions. #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
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
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
Chile Salmon Farmer’s Bankruptcy Plan Set to Pit Bondholders Against DNB
The owners of Chilean salmon farmer Nova Austral SA have presented a debt restructuring plan that would transfer ownership to creditors — but it may pit bondholders against a bank. #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
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
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
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
Mexican Peso Rally Falters as Investors Sour on Risk
The Mexican peso tumbled amid a fresh bout of global risk aversion, supporting calls on Wall Street that the currency was set to fall after a torrid seven-month rally. #press
Snack Maker Shearer’s Foods Explore Potential $3 Billion Sale
Shearer’s Foods, a snack maker backed by Ontario Teachers’ Pension Plan, is exploring a sale that could fetch about $3 billion including debt, according to people with knowledge of the matter. #press
Retail Craze Sends Once-Sleepy Korean Steel Maker on a Wild Ride
The frenzy surrounding all things EV has transformed a sleepy South Korean stock into one of the world’s best performing large and mid-cap names. But headwinds are emerging. #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