US Consumers Near Day of Reckoning as Pandemic Cash Stash Shrinks
US consumers are approaching a reckoning as the excess cash they built up during the pandemic dwindles. How they respond will help determine whether the world’s largest economy can dodge a recession. #press
Top UK Pension Fund Plots Deeper Private Equity Push
One of the UK’s largest workplace pension schemes is looking to ramp up allocations to private equity investments in an effort to bolster its long-term returns, according to the Telegraph. #press
Massive Wind Turbines Rise From The Atlantic Ocean (Podcast)
Source: Bloomberg, 26:28 #press
JPMorgan’s Javice Fraud Lawsuit Put On Hold for Criminal Case
JPMorgan Chase & Co.’s fraud lawsuit against Frank founder Charlie Javice over the $1.75 million sale of her financial-aid website to the bank will be put on hold until she’s been tried on criminal charges, a federal judge has ruled. #press
Are Tensions Easing Between The US And Iran? (Podcast)
Source: Bloomberg, 24:51 #press
Trump to Miss GOP Debate, Ramaswamy Gets Sued, and More
Source: Bloomberg, 4:16 #press
Estée Lauder’s Outlook Misses as Asia Travel Woes Continue
Estée Lauder Cos. beat an already-slashed forecast for the current quarter but its profit outlook for the fiscal year was below estimates, a sign the beauty company continues to struggle in its crucial Asia travel retail business. #press
Tagmo Treats Highlights Small-Batch Sweets From India
“Sweets are a way of celebrating life and bringing everyone together.”
Award-winning chef and founder of Tagmo Treats, Surbhi Sahni, shares her culture through small-batch sweets from regions across India. (Source: Bloomberg) #press
Gadgets That Help Alleviate Long Covid Crashes
Hi, it’s Lisa in London. I’ve been testing out various gadgets to help me avoid another long Covid crash. But before we get to that... #press
Microsoft & OpenAI CEOs: Dawn of the AI Wars (Podcast)
Source: Bloomberg, 28:55 #press
Kuwait Fund Names New Head of UK Arm Year After Ousting Ex-CEO
Kuwait’s $700 billion sovereign wealth fund appointed Abdulmohsin Al-Mukhaizeem as the permanent head of its London arm, just over a year after the unit’s former boss was ousted. #press
Fed Brings Enforcement Action Against FTX-Linked Bank Farmington
The US Federal Reserve took enforcement action against Farmington State Bank, a lender with ties to failed crypto firm FTX. #press
The Grim Reality of 'Pig Butchering' Phone Scams
Starting with a simple text message exchange, scammers lure the unsuspecting into crypto investments then vanish with their savings. But the story gets darker: the scammers themselves are often victims of human trafficking. (Source: Bloomberg) #press
Bringing Light to Education (Podcast)
Source: Bloomberg, 7:35 #press
Stocks and LEI Data (Audio)
Source: Bloomberg, 5:54 #press
https://www.bloomberg.com/news/audio/2023-08-17/stocks-and-lei-data-audio?utm_source=press.coop
Surveillance: Tight Spreads with Athey (Podcast)
Source: Bloomberg, 30:27 #press
Walmart Lifts Profit Outlook Again on Boost From Bargain Seekers
Walmart Inc. raised its annual profit forecast for the second straight quarter after scoring new sales gains with bargain-hunting US shoppers. #press
Invesco’s Family of Money-Making ETF Spinoffs
On this episode of Trillions, we explore the success of its Q series of exchange-traded funds. #press
Labor Shortage Makes Immigration a Tough Topic for Republicans in Iowa
Some local officials are voicing the benefits of bringing more foreign workers into the US while sticking to the party line on the southern border. #press
FOMC Minutes Recap, China Market Fears Grow (Podcast)
Source: Bloomberg, 15:52 #press