Funding & Business
Dow Hits Record, Bonds Jump as Powell Signals Cut: Markets Wrap
Stocks surged, reversing a week of losses and sending the Dow Jones Industrial Average to a record, while bond yields fell as surprisingly dovish comments by Jerome Powell convinced investors that rate cuts are all but guaranteed.
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Nell Minow, vice chairman of ValueEdge Advisors, says efficient markets depend on robust information and companies should report earnings every six months to meet shareholder demand. She speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
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David Steward II, founder and CEO of Lion Forge Entertainment, says the company has come a long way from comic book publishing to producing shows like the Oscar-winning Hair Love and the new animated series Iyanu. Edward Hamati, chief investment officer of Steward Trust and a Lion Forge board member, tells Romaine Bostick on “The Close” that it’s critical to retain as much ownership as possible in distributor relationships. (Source: Bloomberg)
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Tether CEO Paolo Ardoino and Tether USAT CEO Bo Hines discusses the launch of their new US-regulated stablecoin with Tim Stenovec and Scarlet Fu on ‘Bloomberg Crypto.’ (Source: Bloomberg)
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