Newsbot

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...

Taylor Swift To Debut Patient Zero at VMAs

Bloombergs Christina Ruffini joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss Taylor Swifts new song Patient Zero and new music video debuting this weekend at the MTV Video Music Awards. (Source: Bloomberg)

Americans Misunderstand Where Wealth Comes From: Ritholtz

Barry Ritholtz, founder and CIO of Ritholtz Wealth, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Barry discusses how he observes most wealthy people in America became successful. They also discuss Barrys new book How Not To Invest. (Source: Bloomberg)

Oracle Notice to Weigh on Data Center Debt, Morgan Stanley Says

Oracle Corp.’s force majeure notice to the developer of a massive New Mexico data center is putting loan and lease documents under fresh scrutiny and adding to the challenges facing companies looking to tap debt markets to finance the AI buildout, according to Morgan Stanley.

Manchester City Found Guilty of Nearly All 115 Premier League Charges

Manchester City has been found guilty of nearly all 115 charges for breaking Premier League rules, in a seismic ruling that could be a massive hit to one of the world’s top football clubs, according to a person familiar with the process. (Source: Bloomberg)

Fidelis Partnership files for US IPO

Insurance firm TFP Group, better known as the ?Fidelis Partnership, filed for an initial public offering in the US on Friday.

Cant Say 60/40 Is Back: Rosenberg

Jeff Rosenberg, portfolio manager of the systematic alternative ETF at BlockRock, joins Scarlet Fu and Tom Keene on "Bloomberg Money." He explains whats happening in bond markets and says investors should broaden to a 50/30/20 portfolio. (Source: Bloomberg)