Category: Business
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“Bloomberg Markets” follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today’s guests: Pagaya CEO and Co-Founder Gal Krubiner, Bloomberg’s Allyson Versprille and Jonnelle Marte. (Source: Bloomberg) Source: Bloomberg Markets.
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Federal Reserve Bank of San Francisco President Mary Daly said she is focused on inflation and productivity in guiding her assessment of monetary policy and the US economy. She also warned against keeping interest rates too high for too long and discussed historical parallels between the 1970s and the 1990s. (Source: Bloomberg) Source: Bloomberg Markets.
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Delivery platform Talabat reported adjusted net income for the third quarter of $112 million vs. $98 million y/y. The company is maintaining its full-year guidance, after raising it last quarter. Talabat CFO Khaled Al-Fakesh spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the exit of their CEO & performance. (Source: Bloomberg)…
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Chinese steelmakers are still flooding the world with record exports, as a rising tide of protectionism is offset by resilient demand in Southeast Asia and growth in new markets in the Middle East. Source: Bloomberg Markets.
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Bond traders will focus on demand for fresh sales of Treasury notes and bonds this week, as the market continues to operate without official data amid a record US government shutdown. Source: Bloomberg Markets.
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Heavy snow will drop on Chicago late Sunday into Monday’s commute, further snarling air travel already disrupted by the US government shutdown and ushering in a cold blast that will bring near-freezing temperatures to New York City and as deep as Florida and Texas. Source: Bloomberg Markets.
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Visa and Mastercard are close to settling a 20-year legal spat with merchants, the Wall Street Journal reported, citing unidentified people familiar with the matter. Source: Bloomberg Markets.
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China’s consumer prices unexpectedly increased in October, as holidays during the month boosted travel, food and transport demand. Source: Bloomberg Markets.
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A group of labor unions led by the United Steelworkers slammed the Trump administration for suspending port fees on Chinese ships that workers argued would bring about a revival in the once-dominant domestic shipbuilding industry. Source: Bloomberg Markets.
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Rigetti Computing Inc. and D-Wave Quantum Inc. make products that so far have few real world applications. They’re burning through cash and aren’t expected to generate significant amounts of revenue for years. Despite all that, investors can’t get enough of them. Source: Bloomberg Markets.