America's $38 Trillion Retirement Problem
Labor economist Teresa Ghilarducci says the government needs to help workers more when it comes to retirement planning. She speaks to Bloomberg's Sonali Basak. (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2024-05-24/america-s-38-trillion-retirement-problem-video?utm_source=press.coop
Bloomberg Markets :press:
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Breaking news and analysis on global financial markets
( feed imported by https://press.coop )
The So-Called Easiest Bond Trade of 2024 Still Isn’t Working
Welcome to the Weekly Fix, the newsletter where supply and demand is perfectly balanced. I’m cross-asset reporter Katie Greifeld. #press
https://www.bloomberg.com/news/newsletters/2024-05-24/the-so-called-easiest-bond-trade-of-2024-still-isn-t-working?utm_source=press.coop


Indian Rupee Advances by Most in Five Months as Stocks Climb
The Indian rupee strengthened by the most in five months, as the country’s key equities gauge hit a record high. #press
https://www.bloomberg.com/news/articles/2024-05-24/indian-rupee-advances-by-most-in-five-months-as-stocks-climb?utm_source=press.coop


BofA’s Hartnett Says Stock Rally Is Moving Closer to Sell Signal
The rally in global equity markets is at risk of overheating, according to Bank of America Corp. strategist Michael Hartnett. #press
https://www.bloomberg.com/news/articles/2024-05-24/bofa-s-hartnett-says-stock-rally-is-moving-closer-to-sell-signal?utm_source=press.coop


Hargreaves Lansdown Co-Founder Says Bid Has ‘Woken’ Stock Up
One of Hargreaves Lansdown Plc’s billionaire founders says the takeover bid by a group of private equity buyers is reinvigorating the company’s share price after years of downward drift. #press
https://www.bloomberg.com/news/articles/2024-05-24/hargreaves-lansdown-co-founder-says-bid-has-woken-stock-up?utm_source=press.coop


Finnish Premier Says Russia ‘May Be Testing Us’ With Border Plan
Russia “may be testing” the NATO member countries on its western frontier with recent actions linked to demarcating its borders, Finnish Prime Minister Petteri Orpo said. #press
https://www.bloomberg.com/news/articles/2024-05-24/finnish-premier-says-russia-may-be-testing-us-with-border-plan?utm_source=press.coop


Lots More With Luke Kawa on Memestock Mania 2.0
Why this wasn't 2021 all over again. #press
https://www.bloomberg.com/news/articles/2024-05-24/memestock-mania-2-0-why-gamestop-gme-and-roaring-kitty-aren-t-like-2021?utm_source=press.coop


The Rise and Fall of Simon Sadler's Segantii, One of Asia's Most Successful Hedge Funds
A criminal charge triggers the shutting of a 16-year-old fund with returns long envied by industry #press
https://www.bloomberg.com/news/articles/2024-05-24/the-rise-and-fall-of-simon-sadler-s-segantii-one-of-asia-s-top-hedge-funds?utm_source=press.coop


Markets in 2 Minutes: Stocks Can Cope With Higher Yields
Anna Edwards and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg Markets Today." (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2024-05-24/stocks-can-cope-with-higher-yields-2-minute-mliv-video?utm_source=press.coop
US Output Grows at Fastest Rate in Two Years, Nvidia Market Cap Bigger Than Entire Stock Markets
Daybreak Europe anchor Tom Mackenzie reports on the good news and bad news on the markets theme as US business activity expands the most in two years, with composite PMI topping economists' estimates, as well as Nvidia's stock surge with co-founder Jensen Huang... #press
https://www.bloomberg.com/news/videos/2024-05-24/us-composite-pmi-surges-in-may-nvidia-revenue-grows-video?utm_source=press.coop
ECB Won’t Cut in September After June Move, Danske Says
Danske Bank no longer predicts the European Central Bank will lower interest rates in September, citing sticky inflation and the strong start to 2024 by the euro-zone economy. #press
https://www.bloomberg.com/news/articles/2024-05-24/ecb-won-t-cut-in-september-after-june-move-danske-says?utm_source=press.coop


Stephen Bird Stands Down as Abrdn Chief Executive, CFO Steps In
Stephen Bird, the chief executive of trouble asset manager Abrdn Plc, has stepped down. #press
https://www.bloomberg.com/news/articles/2024-05-24/stephen-bird-stands-down-as-abrdn-chief-executive-cfo-steps-in?utm_source=press.coop


Chinese Power Stocks Rise After Xi’s Meeting on Deepening Reform
Shares of Chinese power producers gained after President Xi Jinping called for deeper reforms in the energy sector and other industries ahead of a key party meeting in July. #press
https://www.bloomberg.com/news/articles/2024-05-24/chinese-power-stocks-rise-after-xi-s-meeting-on-deepening-reform?utm_source=press.coop


Crop Index Erases 2024 Loss, Rekindling Food Inflation Worries
An index of major crops has wiped out its 2024 loss as bad weather stokes worries about harvests from wheat to coffee, reviving concerns about rising food prices. #press
https://www.bloomberg.com/news/articles/2024-05-24/crop-index-erases-2024-loss-rekindling-food-inflation-worries?utm_source=press.coop


UK Retail Sales Fell More Than Expected During Rainy Spell
UK retail sales fell at the fastest pace this year as consumers delayed spending due to rainy weather and uncertain economic conditions, underlying the hurdles facing the Conservative government’s bid for reelection. #press
https://www.bloomberg.com/news/articles/2024-05-24/uk-retail-sales-fell-more-then-expected-during-rainy-spell?utm_source=press.coop


India’s Index-Eligible Bonds Set for Best Performance in a Year
The Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index look poised to deliver their best monthly returns in nearly a year, helped by fresh foreign inflows and a record central bank payout. #press
https://www.bloomberg.com/news/articles/2024-05-24/india-s-index-eligible-bonds-set-for-best-performance-in-a-year?utm_source=press.coop


German Construction Ignites Recovery Consumers Will Soon Join
Construction and trade prevented a recession in Germany at the start of the year, setting off a recovery that should eventually be led by consumers. #press
https://www.bloomberg.com/news/articles/2024-05-24/german-construction-ignites-recovery-consumers-will-soon-join?utm_source=press.coop


Lenovo CFO on Annual Results
Wong Wai Ming, Executive Vice President and CFO at Lenovo, discusses his key takeaways from the company’s annual results and speaks on the current AI trends and its impact on the PC market.
He speaks on “The Pulse with Francine Lacqua“. (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2024-05-24/lenovo-cfo-on-annual-results-video?utm_source=press.coop


UK Energy Bills to Fall 7% in July Just Before Election
UK household energy bills will drop in July, the same week the country goes to the polls in an election where cost of living is a key issue. #press
https://www.bloomberg.com/news/articles/2024-05-24/uk-energy-bills-to-drop-7-in-july-ahead-of-general-election?utm_source=press.coop


Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut
The pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders. #press
https://www.bloomberg.com/news/articles/2024-05-24/pound-gets-boost-as-uk-vote-nixes-holdout-bets-on-june-rate-cut?utm_source=press.coop

