World News by Wild Rose

Barry speaks with Robin Wigglesworth, editor of Financial Times' Alphaville blog and author of the new book 'A Fabulous Debt: The Epic Story of How Bonds Built the Modern World'. They discuss the bond market as the engine of the global economy, why the 30-year mortgage is "a miracle of the modern world," and when we should actually start worrying about US debt. (Source: Bloomberg)

Bloomberg's Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss 'Notes on Being a Man' by Scott Galloway and 'The Invisible Hand of Maria Edgeworth: How a Nineteenth-Century Novelist Taught the World Economics' by Jeanna Smialek. (Source: Bloomberg)

Can someone explain this?

US funding markets risk facing a volatile, last-minute “scramble” to meet a key 2027 deadline for mandatory central clearing of daily transactions, strategists at Canadian Imperial Bank of Commerce warned.

The Illinois Institute of Technology, a STEM focused university in Chicago, plans to borrow as much as $200 million from its endowment through fiscal 2028 as it struggles with a decline in international students.

"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Doubleline Capital Deputy Chief Investment Officer Jeff Sherman, TD Bank Head of Europe & UK Rates Strategy Pooja Kumra, and Pimco Multi-Asset Credit Strategist Lotfi Karoui. (Source: Bloomberg)

Three funds holding US$272 million of Braskem America Finance's 2041 bonds asked a New York court on 21 October for an involuntary Chapter 11 case. The post Braskem Unit Faces US Chapter 11 Petition appeared first on The Rio Times.

Armando Senra, Head of the Americas Institutional Business at BlackRock, said family offices generally view geopolitical tensions as a source of short-term market and allocation effects, rather than a reason for major long-term portfolio changes. He said investors are attentive to current events but are maintaining broader trends seen among institutional clients: expanding private-market exposure with greater diversification and using ETFs for both active and index strategies. He speaks with Romaine Bostick & Jess Menton on "The Close." (Source: Bloomberg)

Starboard Value CEO Jeff Smith this week laid out the activist fund’s approach to its three latest investments at the annual 13D Monitor Active-Passive Investor Summit in New York today. Bloomberg's Scarlet Fu reports on "Bloomberg Deals." (Source: Bloomberg)

Aloke Gupte, Global Co-Head of Equity Capital Markets at Citi, speaks on "Bloomberg The China Show" after his bank claimed top spot for global IPO underwriters for the year through September. (Source: Bloomberg)

Tom Porcelli, chief economist at Wells Fargo, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the health of the US consumer, the wealth the effect, and his hands-off approach to personal finance. (Source: Bloomberg)

City Therapeutics Inc., an early-stage developer of RNAi-based drugs, raised $200 million in a US initial public offering priced at the mid-point of its marketed range.

Project Vault, the US government-backed critical-minerals stockpile, plans to choose an initial group of more than a dozen American manufacturers that could receive up to $1 billion in loans to help procure key materials.

CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk.

Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)

Three of the biggest US banks set a fresh record in the third quarter for how much they earned from lending, with customers continuing to borrow even as interest rates increased. Norah Mulinda has more. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Goldman Sachs Group’s equities traders reported revenue of $6.44 billion for the three months through September, topping expectations. The firm’s fixed-income and rates-trading counterparts fell far below Wall Street’s estimates in the third quarter. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)

Unison, which provides cash in exchange for a share of a home’s future value, has picked banks to lead an initial public offering, according to people familiar with the matter.

Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Jess Menton, Carol Massar and Lisa Mateo. (Source: Bloomberg)

Wall Street is racking up a potential record $90 billion in profits, supercharging New York’s tax revenues—but is this AI-fueled boom built to last? New York State Comptroller Thomas DiNapoli joins Bloomberg Open Interest to break down jobs, bonuses, rebates, and the risks of an AI-driven bubble. (Source: Bloomberg)