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Why Akamai Stock Is Up Today

The cloud platform operator struck a deal valued at up to $20 billion with an AI leader.

Why Akamai Stock Is Up Today

The cloud platform operator struck a deal valued at up to $20 billion with an AI leader.

Search for the Next Leader of the UN

UN Secretary General Antonio Guterres term ends this year, and three Security Council straw polls have provided no consensus. Guyana’s Permanent Representative to the UN Carolyn Rodrigues-Birkett is one of the top contenders. She speaks to Bloomberg Businessweek Daily about why she wants the job, and how she views the UNs role in the world moving forward. (Source: Bloomberg)

Keeneland CEO on Annual Yearling Sale

Shannon Arvin says Keeneland’s yearling sale is running ahead of last year’s pace and is on track to top $550 million, making it the largest horse sale in the world. She said the auction is already up 3% to 4% this year after increasing by 24% last year, reflecting strong demand and continued interest in horse racing. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Investing For The Great Wealth Transfer: Masters In Business

Barry speaks with Adam Frank, Managing Director and Head of Wealth Planning and Advice at J.P. Morgan Wealth Management. They discuss his time at Bear Stearns as the company was acquired by J.P. Morgan Chase, as well as his start in law before pivoting to wealth planning. They discuss building trust with clients to help them with diversification, as well as providing tax advice to help them save their money. They also discuss J.P. Morgans new program for athletes, the J.P. Morgan Chase Athlete ...

The Tiny Magnet Maker That Attracted $1.6 Billion From Lutnick

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can ...

Great Bond Shakeout Locks In a 5% World ‘Until Something Breaks’

As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. Myriad forces have combined to push the government’s borrowing costs higher — from $100-a-barrel oil and the AI spending boom, to yawning US budget deficits adding to a record $40 trillion debt load — all against a backdrop of a Federal Reserve bent on cooling inflation that’s run well past ta...