BlackRock Inc. signaled its growing ambition to bring digital technology to mainstream institutional finance, filing to launch a new share class of its $150 billion money market fund that is registered on a blockchain.
The US is ready to sign a minerals deal with Ukraine now, Treasury Secretary Scott Bessent said in a White House Cabinet meeting on Wednesday. He says Ukraine asked to make a few last minute changes. Trump says the US has been pouring unsecured money into Ukraine for too long. (Source: Bloomberg)
Edison International CEO Pedro Pizarro discusses the current state of the investigation into the cause of the deadly Los Angeles wildfires and the costs associated with them on "Bloomberg The Close." (Source: Bloomberg)
Beach Point Capital Management Portfolio Manager Sinjin Bowron discusses the US Credit Risk after GDP Contradiction, Stagflation, and Fed being more hawkish. He speaks with Sonali Basak on “Bloomberg Markets.” (Source: Bloomberg)
The Mexican peso is poised for its biggest monthly advance since 2021, boosted by a reprieve in President Donald Trump’s tariff plan and a drop in the US dollar.
New York’s Long Island Rail Road, the nation’s largest commuter line, is bracing for potential delays as Amtrak plans to start years-long repair work on an East River tunnel that will limit service.
Betsey Stevenson, Professor of Public Policy and Economics at the University of Michigan and former Obama administration official, reacts to the Trump administration's spin on new GDP data and the president's claim the economy reflects Biden policies. (Source: Bloomberg)
Yale University is considering selling $850 million of bonds in May, joining other elite colleges that have looked to the capital markets to raise funding as the Trump administration targets the institutions.
Tougher rules that were meant to shield problem gamblers from companies like Bet365 Group Ltd. and other industry giants were scrapped at the last minute by Australia’s main online gambling regulator, documents show, a decision that adds to allegations of inadequate corporate oversight in the world’s most prolific betting market.
Elite universities including Harvard and Yale are considering the sale of private equity fund stakes. Bloomberg Opinion Columnist Marc Rubinstein has more on the story.
(Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests; Veda Partners CO-Founder Henrietta Treyz, Beach Point Capital Management Portfolio Manager Sinjin Bowron, Province of Québec Minister of Finance Eric Girard, and Goldman Sachs Software Sector Analyst Kash Rangan. (Source: Bloomberg)
Province of Quebec Minister of Finance Eric Girard speaks on the Fiscal outlook of Canada, the impact of President Trump’s tariffs, and the Canadian bond market. He speaks with Scarlet Fu “Bloomberg Markets.” (Source: Bloomberg)
Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, said there's been a noticeable weakening in the economy and President Trump's tariffs risk making it worse. (Source: Bloomberg)
Visa Inc. is partnering with Stripe Inc.’s Bridge to launch a platform allowing fintechs to quickly start their own stablecoin-linked card programs for customers.
Cargill Inc. reached a settlement with McDonald’s Corp. over antitrust claims by the fast-food giant, which has alleged price fixing by beef suppliers.
Nvidia Corp. received a rare sell rating on Wednesday, with Seaport Global Securities warning that the benefit of artificial intelligence has been “priced in for now.”
US President Donald Trump said newly elected Canadian Prime Minister Mark Carney plans to visit the White House within the next week.
Stocks slumped as the US economy shrank more than expected in the first quarter, its first contraction since 2022. The earnings parade picks up with Microsoft and Meta in the spotlight. DA Davidson Head of Technology Research Gil Luria, Booking Holdings CEO Glenn Fogel, Norwegian Cruise Line CEO Harry Sommer and Former Bridgewater Chief Investment Strategist Rebecca Patterson join Bloomberg Open Interest. (Source: Bloomberg)
Palantir CTO Shyam Sankar speaks with Bloomberg's Annmarie Hordern about his perspective on the military-industrial complex under the Trump administration. (Source: Bloomberg)
