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New York Builds Data Team to Target Consumer Ripoffs

New York City is building a 36-person bureau of data scientists, technologists and economists to analyze company records for potential violations involving pricing, wages and other consumer and worker protections. NYC Consumer and Worker Protection Commissioner Sam Levine tells David Gura and Christina Ruffini on Bloomberg This Weekend that the effort is designed to give the city the technical expertise to enforce existing laws as algorithms and AI play a growing role in how companies set prices...

Governor Cox Says Americans Need Healthier Conflict

Utah Governor Spencer Cox joins Bloomberg This Weekend and argues Americans need more substantive disagreement without the contempt he says is fueling polarization, damaged relationships and political violence. In his new book, Off Ramp, Cox calls for healthier political conflict and stronger local connections while also arguing that policymakers need more expertise to address emerging challenges such as AI. (Source: Bloomberg)

Hormuz Oil Shipments Hit Six-Month High, US Commander Says

Oil and liquefied natural gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that US naval protection and mine clearance efforts are “paying off,” a regional US commander said.

Luxushotels statt Rente: Zahnärzte-Versorgungswerk verzockt 1,3 Milliarden Euro

Ermittler durchsuchen im Sommer das Berliner Zahnärzte-Versorgungswerk. Dabei stehen zwei ehemalige Führungskräfte im Fokus. Jahrelang hat die Rentenkasse riskant investiert, unter anderem in Luxushotels. Über die Hälfte des Vermögens ist verloren. Die versicherten Zahnärzte müssen mit "schmerzhaften Einschnitten" bei ihrer Rente rechnen.

Bank of America Sets 12-Month S&P 500 Target at 7,800, Sees 2% Upside

Bank of America (BofA) has introduced a 12-month target of 7,800 for the S&P 500, implying approximately 2% upside from current levels, while raising its year-end forecast and identifying several risks to US equities. In a note published this week, strategist Savita Subramanian increased the bank’s year-end target to 7,400 from 7,100.

Diesel Prices Keep Pressure on Fed and Markets

The Federal Reserve unanimously raised its benchmark rate by a quarter point as policymakers confront inflation that remains above target and uncertainty tied to geopolitical developments. Merrill and Bank of America Head of CIO Market Strategy Joe Quinlan tells Bloomberg This Weekend hosts David Gura and Christina Ruffini that elevated diesel prices are a particular concern for businesses and could keep pressure on the Fed to raise rates further. (Source: Bloomberg)

US Greenland Deal Shifts Focus to Investment

A new security agreement between the US, Denmark and Greenland would expand the American military role while preserving Greenlandic sovereignty, shifting attention toward potential US investment in mining, infrastructure and tourism. Former US diplomat Lewis Lukens tells David Gura and Christina Ruffini on Bloomberg This Weekend that Greenland welcomes investment but faces formidable obstacles including limited transportation infrastructure, a small workforce and the high cost of developing proj...

Capital Spending Strain Might Change The Case For Investing In GATX (GATX)

GATX has committed heavy capital over recent years to protect its competitive position, which has compressed free cash flow margins and coincided with a reported 3.8% return on invested capital. This points to pressure on the economics of recent projects.Thin cash reserves combined with low-return investments raise the risk that GATX may need to fund future spending on tough terms, which could matter more for long-term owners than any short-term earnings move.We will now explore how...

UN Talks Offer a New Opening on Iran War

World leaders head to the UN General Assembly as Gulf states seek renewed diplomacy to reduce attacks, restore more predictable energy flows and move the Iran war away from active conflict. Suzanne Maloney of the Brookings Institution joins David Gura and Christina Ruffini on Bloomberg This Weekend and says disruptions to Saudi Arabia’s East-West pipeline and other regional infrastructure are adding urgency to those efforts as Gulf economies face mounting pressure from the conflict. (Source: Blo...

3 Broker Stocks Retail Investors Are Watching as Bond Volatility Returns

When Fed Chair Kevin Warsh lifts rates for the first time in three years and 10 year Treasury yields push back above 5%, the shockwaves do not stop at the bond market. They ripple through broker dealers and trading desks that live off volatility. That is where the potential opening sits for you. This piece walks through three stocks from our US Broker Dealers and Market Makers Exposed to Bond Market Volatility screener that could be positioned on the right side of this policy shift. The...

How Investors Are Reacting To Fair Isaac (FICO) Making FICO Score 10T Free For FHA Lenders

Fair Isaac recently announced that its latest credit scoring model, FICO Score 10T, will be available at no cost alongside Classic FICO for FHA-approved mortgage lenders starting January 1, 2027, using trended credit and rental payment data to give a more detailed view of borrower behavior over time. Independent analyses cited by Fair Isaac indicate that FICO Score 10T is the most predictive mortgage credit score available, especially for FHA first-time homebuyer loans, where it has...

Auch Googles KI hackte Unternehmen

Wiederholt haben KI-Systeme bei Tests unerwartet auf fremde Systeme zugegriffen. Nun wurden solche Vorfälle auch bei Googles Gemini bekannt. In der Debatte um KI-Sicherheit lässt Kalifornien mögliche strengere Sicherheitsvorgaben prüfen.