The Fed could raise interest rates three times. Here’s where the market could face the stiffest test.
Economists note that the Fed historically has not been content to raise rates only once.
Economists note that the Fed historically has not been content to raise rates only once.
This week, while Venezuela has the oil reserves to impact global energy markets, rebuilding production will take years, billions of dollars and investor trust. And, Europe’s solar success is creating growing pains for investors, generators and power markets. Plus, can data centers turn Scotland’s wasted wind into an AI advantage? Later, a more dangerous world is pushing the Pentagon and Silicon Valley closer together, creating a new boom in defense and space technologies. (Source: Bloomberg)
William Dudley discussed his experience on a diverted flight during the FAA ground stop after the 9/11 attacks. Dudley said the plane was unable to land in the U.S. and was sent to Saint John’s, Newfoundland, where passengers were kept for six days. He speaks with Romaine Bostick and Tyler Kendall on “The Close.” (Source: Bloomberg)
Tom Michaud describes how KBW responded in the aftermath of Sept. 11 by focusing first on helping the families of victims and then on rebuilding the firm. He speaks with Tyler Kendall Romaine Bostick on “The Close.” (Source: Bloomberg)
Former NYC Deputy Mayor Edward Skyler reflects on the aftermath of 9/11, saying it was extremely difficult to make decisions in the wake of the tragedy. He speaks with Romaine Bostick on “The Close.” (Source: Bloomberg)
SV Health Investors’ Ruth McKernan says wearables and health data are helping move medicine from the general to the personal. She says AI is already speeding up parts of drug discovery and improving patient selection for clinical trials. But McKernan says some parts of development cannot be rushed, and the UK still needs more funding to help life-sciences companies scale. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe. (Source: Bloomberg)
Twenty top lieutenants to EssilorLuxottica SA Chief Executive Officer Francesco Milleri came to their boss’s defense in an escalating war of words with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the eyewear company last month.
Greg Jensen, the co-chief investment officer at hedge-fund giant Bridgewater Associates, agreed that AI could wipe out humanity.
Aareal Bank is working with Alvarez & Marsal on a deal to offload credit risk as the German lender pursues growth across European property markets and eyes a potential acquisition at home.
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