Bloomberg understands that Elon Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion. Also on the show, we speak exclusively to PGIM’s COO Taimur Hyat, who says the world will be reliant on fossil fuels for another 30 to 40 years,…
Oil hovered near the lowest in three months as traders weighed decreased geopolitical risks and signs that global markets are sufficiently supplied ahead of next month’s OPEC+ meeting. from Bloomberg Markets https://ift.tt/UQtRIOE
It lacks a single seat in Parliament, yet Reform UK is shaping the direction of British politics as the country gears up for a general election in July. The party’s outsize influence can be traced to co-founder Nigel Farage, a key figure in the campaign to take Britain out of the European Union. Although the…
The European Central Bank should probably wait until September for any subsequent interest-rate cut after it begins reducing borrowing costs in June, Bundesbank President Joachim Nagel said. from Bloomberg Markets https://ift.tt/lWb6QMt
The United Arab Emirates is on course to achieve its full oil capacity target more than a year earlier than expected. from Bloomberg Markets https://ift.tt/6SBHudX
Federal Reserve Governor Christopher Waller warns that the “unsustainable fiscal path” of the US could put upward pressure on the neutral rate during a speech at the Reykjavik Economic Conference in Iceland. from Bloomberg Markets https://ift.tt/uNCw3FX
The Federal Reserve will only start cutting interest rates in September, according to economists at Goldman Sachs Group Inc., who pushed back their call from July amid signs the economy is still too resilient to justify easing. Alberto Gallo of Andromedia Capital Management and Kathy Bostjancic, Nationwide Mutual Insurance chief economist, react on “Bloomberg Surveillance.” (Source:…
Asian stocks track Wall Street lower as strong US business data spurs bets on the Fed holding interest rates until at least December. We speak to William de Vijlder, Group Chief Economist at BNP Paribas. As the UK election campaign kicks off, consumer confidence improves for a second consecutive month after inflation drops. We’ll bring…
Jay Pelosky, TPW Advisory principal and founder, says he’s bullish on the global consumer. He is on “Bloomberg Surveillance.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/aZIJR6h
Federal Reserve Governor Christopher Waller said the decline in the neutral interest rate over time is likely due to significant changes in demand for safe assets globally, though he warned that unsustainable fiscal spending could alter that trend. from Bloomberg Markets https://ift.tt/2Q8NqV6