BlackRock’s Powell: Seeing More Signs Fed Has More to Do
“We’re seeing more and more signs that the Federal Reserve might have more to do.” Ben Powell, chief APAC investment strategist at BlackRock Investment Institute, discusses his investment strategy and his outlook for markets. He speaks on Bloomberg Television. (Source: Bloomberg) #press
New Zealand Central Bank Keeps Key Rate Steady at 5.50%
The Reserve Bank of New Zealand kept its key rate at 5.5% and signaled a subdued growth outlook. All 22 economists surveyed by Bloomberg had expected no change from the central bank. Yvonne Man and David Ingles report on Bloomberg Television. (Source: Bloomberg) #press
Traders Gain 1000% in a Day on Timely Point Biopharma Option Bet
A well-timed options trade in Point Biopharma Global Inc. stands to hand some investors upwards of $500,000 after Eli Lilly & Co.’s agreement to acquire the company sent its stock surging. #press
IMF Warns Fragmentation Imperils Food Security, Green Transition #press
Sam Bankman-Fried's Future Is on the Line
The fraud trial of former FTX CEO Sam Bankman-Fried starts today in New York. He's charged with bilking investors and customers out of billions of dollars. Jury selection starts today at federal court in Manhattan. Bloomberg's Kailey Leinz is there with the latest. (Source: Bloomberg) #press
PNC Buys Book of Signature Bank’s Private Equity Loans From FDIC
PNC Financial Services Group Inc. bought a $16.6 billion portfolio of capital-commitments facilities, mostly to private equity sponsors, that were arranged by failed Signature Bank. #press
Ice Rink’s Muni Default Risks Pushing a Missouri City Into Junk Territory
A small city in Missouri could see its credit rating cut to junk by S&P Global Ratings because of the financial woes plaguing a local ice rink backed by municipal debt. #press
Autostrade Bid Exposes Meloni’s Problem With Her Coalition Rival
A potential takeover bid for Italy’s main highway operator is exposing the strains in Prime Minister Giorgia Meloni’s coalition as rival parties jostle for position before next year’s European elections. #press
Equities Fluctuate to Start 4Q - Beyond the Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg) #press
Bloomberg Markets: China Open 10/02/2023
"Bloomberg Markets: China Open" is the definitive guide to the markets in Hong Kong and on the mainland. David Ingles and Yvonne Man bring you the latest news and analysis to get you ready for the trading day. And powered by more than 27-hundred journalists and analysts in more than 120 countries, we get you the global stories that... #press
Thai Airways on Golden Week Expectations
Korakot Chatasingha, Chief Commercial Officer at Thai Airways, says he sees a significant rise in the number of Chinese travelers to Thailand. He speaks during the ASEAN Ahead segment on "Bloomberg Markets Asia". (Source: Bloomberg) #press
Singapore Blank-Check Firm Vertex Proposes Merger With 17Live
Singapore-listed blank-check company Vertex Technology Acquisition Corp. has proposed a merger with Taiwanese live streaming platform 17Live Inc., in what would be the first such deal in the city state. #press
Treasuries Buy Signal Will Come When BOJ Fights Back, Fund Says
As Treasuries see their worst selloff in a year, a money manager says one catalyst to stop the rout will be the Bank of Japan coming out strongly to defend its yield curve control. #press
London on Cusp of Becoming Biggest Stock Market in Europe, Again
Britain’s stock market is getting back on its feet. #press
SEC WhatsApp Probe Nets More Wall Street Fines
A number of Wall Street firms, including major brokerages, agreed to collectively pay $79 million in fines to the US Securities and Exchange Commission for their employees’ use of unmonitored communication channels on the job. Jennifer Surane reports on Bloomberg Television. (Source: Bloomberg) #press
BlackRock's Fink Sees 10-Year Treasury Yields at '5% or Higher'
BlackRock CEO Larry Fink says 10-year Treasury yields are likely to keep rising. "My opinion is we're going to have 10-year rates at least at 5% or higher because of this embedded inflation. This structural inflation is unlike anything. And I think business leaders and politicians are not... #press
Peloton and Lululemon Enter Deal to Share Fitness Content
Peloton agreed to a deal with Lululemon to tap its online workouts and team up on apparel. Telsey Advisory Group Founder and CEO Dana Telsey shares why she believes this is a vote of confidence in the quality of Peloton's content. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology."... #press
Citi's Kaiser: Markets Not Too Concerned About US Government Shutdown
Stuart Kaiser, Citi's head of US equity trading strategy, says a possible US government shutdown hasn't been "priced too aggressively" by financial markets yet. At this point, it doesn't seem like the market is is too concerned about a shutdown, or thinks it's going to be relatively... #press
Lula, Brazil Central Bank Chief Agree to Improve Dialogue
President Luiz Inacio Lula da Silva and central bank chief Roberto Campos Neto agreed to talk more often during a much-anticipated meeting at the presidential palace, their first face-to-face encounter following months of tension between Brazil’s leftist leader and the head of the monetary authority. #press
Ex-Morgan Stanley Bankers Win Coveted Role on Alibaba Unit IPO
Alibaba Group Holding Ltd. is turning to a pair of Hong Kong-based bankers it knows well for the initial public offering of its marquee logistics unit. #press
