Dovish BOE Pushback Could Undermine Pound: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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BlackRock’s Rob Goldstein on the Next Megatrends in Finance
Explaining the tech that powers the world’s biggest asset manager.
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How NFL Legend Steve Young Built a $10 Billion Fund
Alex Rodriguez and Jason Kelly sit down with three-time Super Bowl champion Steve Young to discuss the challenges faced and lessons learned on his journey from the NFL to managing a $10 billion fund. (Source: Bloomberg)
Odd Lots: Rob Goldstein on Finance’s Next Megatrends (Podcast)
The last few decades have been marked by a number of megatrends in finance including the extraordinary growth of asset managers, the rising importance of technology, and the ascent of private markets. BlackRock, the world’s biggest asset manager, is emblematic of all these developments. On this episode, we talk to BlackRock COO Rob Goldstein about the company’s early technological history, the development of its famous risk management technology Aladdin, and how BlackRock is navigating being bot
Vanke State Backer Books $5.5 Billion Loss, Most in Two Decades
China Vanke Co.’s state-owned backer reported its biggest annual loss in two decades, driven largely by its investments in the embattled developer, which has been grappling with a liquidity crunch for more than two years.
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Spanish Economy Minister on War Impact, ECB Board Seat
Spain’s Deputy Prime Minister & Economy Minister Carlos Cuerpo said the country is more resilient to an increase in fossil fuel prices thanks to its bet on renewables. But he warned that as the Iran war drags on, it may start impacting the tourism sector heading into the peak holiday season. Cuerpo said Spain has been an outlier in terms of growth and job creation among European economies and that in 2026, Spain will continue to outperform.
Cuerpo also said Spain should retain a seat on the European Central Bank Executive Board in next year’s reshuffle, while rejecting the notion he might want the role for himself. He spoke with Bloomberg’s Francine Lacqua on the sidelines of the Bloomberg CityLab event in Madrid. (Source: Bloomberg)
Credit Agricole: Corporates in ‘Wait-and-see’ Mode
The Credit Agricole CFO said the cost of risk is very controlled, but cited a ‘wait-and-see’ attitude from corporates in the first-quarter. That’s after Credit Agricole missed estimates on net income in the first quarter while a key metric of capital strength declined. Clotilde L’Angevin spoke exclusively to Bloomberg Television on the ‘Opening Trade’. (Source: Bloomberg)
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Markets ‘Recalibrating’ to Energy Risks, Nuveen Says
Laura Cooper, global investment strategist at Nuveen, says markets are “recalibrating to the risk that we could see persistent energy prices come through.” She adds that further pressure is expected in European earnings, as opposed to US earnings, which have surprised expectations. She speaks on Bloomberg Television. (Source: Bloomberg)
Russia Says UAE’s OPEC Exit Won’t Trigger Imminent Price War
The United Arab Emirates’ decision to leave OPEC won’t lead to an imminent price war since the Iran conflict has throttled producers’ ability to unleash supplies, Russian Deputy Prime Minister Alexander Novak said.