Category: Money
World Money and Markets in the news
How Starlink Launched the Consumer Space Race
The largest single constellation of satellites orbiting our planet is run by a mercurial individual who needs no introduction. But…
Inflation Fears, Richemont’s New ‘Bos’ | Bloomberg Markets Today 05/17
Global stocks rally, with the S&P 500 hitting a record high, as cooler US inflation reinforces bets on Fed rate…
Bloomberg Brief (05/17/2024)
“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. Today’s guests: Alfonso Peccatiello, The…
Snowflake Said to Pursue Startup Reka AI for $1 Billion
Snowflake is said to be in talks to acquire startup Reka AI for more than $1 billion, expanding the software…
US Banking Crisis Risk If Fed Keeps Rates Higher: Stanhope’s Pinto
The Fed will likely cut interest rates twice this year, starting in September, according to chief executive and chairman of…
Reddit, OpenAI Forge Pact to Bring Content to ChatGPT
Reddit announced a partnership with OpenAI to bring its content to the chatbot ChatGPT and other products. Tom Mackenzie reports…
BlackRock’s Rieder: Federal Reserve Rate Cuts Needed to Tame Inflation
Rick Rieder, chief investment officer of global fixed income at BlackRock Inc., makes the case for the Federal Reserve to…
Georgia President Says EU Dream At Risk Over Russia-Style Law
Salome Zourabichvili, President of Georgia, says the country may lose its chance of EU membership over the ‘foreign agent’ law,…
Earnings Growth to Trump Fed Policy, Curtin Says
Alti Tidemann Global CIO Nancy Curtin says she believes the Federal Reserve may not be able to cut interest rates…
ECB’s Approach to Inflation Is Right, Donohoe Says
Paschal Donohoe, Eurogroup President and Irish minister for public expenditure, tells Bloomberg Television he believes the European Central Bank’s gradual…