Canada Autoworkers’ Strike Deadline Looms
Canadian autoworkers are racing “full speed ahead” toward a Monday night deadline in their own talks with Ford Motor Co., even as they prepare for the potential impact of a broader US strike. #press
Troubled Shadow Bank Zhongrong Gets Help From China State Giants
An embattled Chinese shadow bank has taken a step closer to receiving potential state-led assistance, entering a partnership agreement with two of the nation’s biggest financial firms. #press
A $1B Climate Change Investment
Rajiv Shah, Rockefeller Foundation President discusses the Rockefeller Foundation's one billion dollar climate change investment. He speaks with David Westin and Romaine Bostick on "Wall Street Week Daily."
(Source: Bloomberg) #press
Runup to UAW Strike Slashed Ford, GM Market Values by $20 Billion
In the runup to the United Auto Workers strike, shareholders shaved $20 billion off the market values of General Motors Co. and Ford Motor Co., and more pain is looming for the stocks as the walkout creates uncertainty and potentially pushes up wages. #press
Hedge Funds Hiked Bullish Oil Bets to 15-Month High on OPEC+ Cuts
Hedge funds boosted their bullish wagers on Brent and US crude to a 15-month high as supply cuts from OPEC+ rapidly tighten the oil market. #press
Bloomberg Markets: Americas 09/15/2023
Alix Steel and Guy Johnson bring you the news you need to know and trends you need to watch as US markets get into the trading day. (Source: Bloomberg) #press
Disney Talks on ABC Sale Heat Up
Disney is holding exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar, according to sources. Bloomberg's Chris Palmeri joins Bloomberg's Caroline Hyde on "Bloomberg Technology." (Source: Bloomberg) #press
Corporate Borrowers Are Giving In to High Rates, Wells Fargo Says
Corporate borrowers are giving in to the likelihood that Federal Reserve officials will keep interest rates in the US elevated for a protracted period of time, according to Wells Fargo & Co. #press
VC Spotlight: Bicycle Capital on Latin America Investments
Brazil's Mottu raised $50 Million in a Series C round led by QED Investors and Bicycle Capital, the new venture firm by former SoftBank executives Marcelo Claure and Shu Nyatta. Mottu CEO Rubens Zanelatto and Bicycle Capital founder and Managing Partner Shu Nyatta join Bloomberg's Caroline Hyde on... #press
Blockchain Firm Figure Withdraws Application for Bank Charter
Blockchain firm Figure is the latest fintech company to withdraw its application for a bank charter, a move made after years of waiting answers from US financial regulators. Figure co-founder and former CEO of SoFi Mike Cagney joins Bloomberg's Sonali Basak and Caroline Hyde on "Bloomberg Technology."... #press
BP Ends Its Week of CEO Chaos With Many Unanswered Questions
After several days of chaos, BP Plc is ending the week without a permanent leader and with significant doubts over its strategy. #press
Shale Drillers Boost US Gas Rigs for the First Time Since July
Shale explorers in the US ramped up natural gas drilling this week for the first time in more than two months, pressuring prices for the power-plant fuel lower. #press
Lots More With Neil Dutta
What to think about the events of this week #press
https://www.bloomberg.com/news/articles/2023-09-15/lots-more-with-neil-dutta?utm_source=press.coop
Bloomberg Surveillance 09/15/2023
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio. (Source: Bloomberg) #press
Texas Monitor Says New Grid Rules Raised Costs by $8 Billion
The Texas grid operator’s latest effort to ensure grid reliability likely raised real-time power costs by about $8 billion in just three months by creating an artificial scarcity of supply, according to an analysis by the independent market monitor. #press
Weekly ABS Issuance Jumps to Highest in Years
Issuance of new asset-backed securities reached the highest weekly total since at least 2016 as lenders and borrowers returned from summer holidays ready to seize on sanguine markets. #press
Marcelo Claure’s Bicycle Capital Makes First Startup Investment
Marcelo Claure, the former SoftBank Group Corp. executive, made a first investment in his recently launched venture capital fund Bicycle Capital, helping to fund a Brazilian motorcycle rental startup. #press
Planet Fitness Tumbles While Wall Street Mulls Abrupt CEO Departure
Planet Fitness Inc. sank after the company announced the immediate departure of its Chief Executive Officer Chris Rondeau, who’s held the position for more than a decade. #press
New Show: Bloomberg Brief
“Bloomberg Brief” will deliver the market news, data and analysis you need to set your agenda. Show launches Monday, Sept 18 at 5:00am ET (Source: Bloomberg) #press
An Inflation Jump Could Bring Junk Debt Default Wave, Bank of America Says
Inflation is showing early signs of picking up again in the US, and if it accelerates from here, US high-yield issuers could see a surge in defaults, according to Bank of America Corp. credit strategist Oleg Melentyev. #press
