Volkswagen workers heckled CEO Oliver Blume as he defended plans to consider unprecedented factory closures in Germany The company says flagging car sales have left it with about two plants too many, reports Elisabeth Behrmann https://t.co/9YuI59nIcx
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Updates
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The Fed’s interest-rate cut is adding to the headwinds hampering the breakneck growth of the $1.7 trillion private credit industry.
Private Credit Is Being Threatened by a Cocktail of Risks
bloomberg.com
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The start to the Federal Reserve’s interest-rate cutting cycle has fueled optimism for a long-sought wave of investor money into AT1s.
Credit’s Biggest Winner Poised for Money Boost After Fed’s Cut
bloomberg.com
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Mortgage rates continued their decline, hitting the lowest level since early February 2023
US Mortgage Rates Fall Further, Stoking Housing Optimism
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Bloomberg News reposted this
Palantir has won a $100 million contract that will extend access to artificial intelligence targeting tools to more US military personnel, giving them access to the company’s digital warfare platform. Shannon Clark, head of defense growth at Palantir, said the contract would extend access to Maven Smart System to all five US military services — the Army, Air Force, Marine Corps, Navy and Space Force — expanding the platform to tens of thousands more service members. https://lnkd.in/ebA9F3YS
Palantir Wins $100 Million US Contract for AI Targeting Tech
bloomberg.com
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The S&P 500 climbed 1.7% — notching its 39th record in 2024 — and extending this year’s surge to about 20%.
S&P 500 Hits All-Time High on Soft-Landing Hopes: Markets Wrap
bloomberg.com
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Starbucks' new CEO addressed return to office and his own work arrangement at a staff event: "We're all adults here."
Starbucks New CEO on Return to Office: ‘We’re All Adults Here’
bloomberg.com
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The stock market’s furious run that has sent the S&P 500 Index flying 20% this year is far from over, according to BMO
Strategist Who Called Rally Last Year Sees S&P Soaring to 6,100
bloomberg.com
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The financial playing field just shifted. What does that mean for you? After Wednesday's interest-rate cut, Bloomberg's Charlie Wells spoke with financial advisers across the US. Here's what he learned.
How the Rate Cut Will Play Out With Your Personal Finances
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