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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United Airlines CEO Scott Kirby says demand for air travel is improving which signals a stronger economy. Speaking on “Bloomberg The Close,” Kirby also discusses the current pricing environment, improving the flying experience and the company’s growth strategy. (Source: Bloomberg)
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Fears that artificial intelligence will force companies to spend more on security software are helping to drive demand for Netskope Inc.’s initial public offering.
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As companies continue to focus investment on cloud due to AI, real estate demand for data centers has been steadily growing, with customers increasingly moving from proof-of-concepts towards production systems and applications of the technology. CEO Adaire Fox-Martin joined Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily to discuss the important role data centers provide in the economy. (Source: Bloomberg)
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