Funding & Business
Bory and Misra on Labor Market, Rate Cuts, Fed's Dual Mandate
Allsping Global Investment Chief Investment Strategist of Fixed Income George Bory and JPMorgan Asset Management Core Plus Bond ETF Portfolio Manager Priya Misra discusses the labor market potentially losing momentum, rate cuts and the Fed’s dual mandate conflict with Katie Greifeld on ‘Real Yield.’ (Source: Bloomberg)
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Bernard Arnault is pressing ahead with two major developments on Rodeo Drive in Beverly Hills, tightening his grip on one of the world’s most exclusive retail corridors.
Arnault’s luxury conglomerate, LVMH Moët Hennessy Louis Vuitton SE, is planning a new Tiffany & Co. flagship store on the site of the old Luxe Hotel, which will be demolished, according to city filings reviewed by Bloomberg.
Iran’s rial approached record lows on Saturday after major European powers took punitive steps against the Islamic Republic for failing to honor its nuclear commitments.
The currency dropped to 1,040,000 against the US dollar in the unregulated market on the first day of Iran’s working week, according to online currency trackers and a Tehran-based trader. That came close to historic lows around 1,050,000 seen in late March.
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