U.S. Equities Set to Gain Even Amid `Choppier’ Period, Pictet Says

Jul.03 — The S&P 500 and Nasdaq Composite indexes, with their concentration of technology companies, are set to benefit from a continued economic recovery, even as markets enter a “choppier” third quarter, says Supriya Menon, senior multi asset strategist at Pictet Asset Management. She speaks on “Bloomberg Markets: European Open.”

Chinese authorities ramp up efforts in flood control, disaster relief

Chinese authorities are ramping up efforts in flood control and disaster relief to ensure the safety of people’s lives and property as incessant downpours continue to wreak havoc in vast stretches of the country. So far, the Ministry of Emergency Management dispatched five special work teams to the worst-hit areas to provide guidance in disaster … Read more Chinese authorities ramp up efforts in flood control, disaster relief

Australia May Offer Safe Haven to Hong Kong Residents, Morrison Says

Australia’s Prime Minister said Thursday his government was considering an offer of safe haven to Hong Kong residents threatened by China’s move to impose a tough national security law on the semi-autonomous territory. Prime Minister Scott Morrison said Cabinet would soon consider options “to provide similar opportunities” as British Prime Minister Boris Johnson has offered … Read more Australia May Offer Safe Haven to Hong Kong Residents, Morrison Says

Ray Dalio Says Capital Markets Are No Longer ‘Free Markets’

Jul.02 — Recent central bank actions mean capital markets are no longer “free,” according to Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates. “Today the economy and the markets are driven by the central banks and the coordination with the central government,” Dalio said in a conversation with Bloomberg’s Erik Schatzker during … Read more Ray Dalio Says Capital Markets Are No Longer ‘Free Markets’

Billionaire Ray Dalio Says Wealth Gap Is Largest Since 1930s

Jul.02 — Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, says ultra-loose monetary policy, the growing wealth gap, and the rise of a super power to challenge the U.S. are the three major forces on the global economy and financial system. He made the comments in a conversation with Bloomberg’s Erik Schatzker … Read more Billionaire Ray Dalio Says Wealth Gap Is Largest Since 1930s

Dalio Says Central Bank Balance Sheets Are `Going to Explode’

Jul.02 — Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, says central bank balance sheets will “explode” as they do whatever it takes “to keep the system afloat.” The alternative is a “sinking ship,” Dalio said in a conversation with Bloomberg’s Erik Schatzker during the Bloomberg Global Asset Owners Forum.

Swine flu discovery: New strain found in China has pandemic potential

Beijing says it’s closely following the developments after Chinese researchers found a new type of swine flu that can trigger a pandemic. The study was published in the peer-reviewed U.S. science journal PNAS. CGTN talked with Chen Xi, an associate professor of health policy and economics at the Yale School of Public Health and president … Read more Swine flu discovery: New strain found in China has pandemic potential

Kawhi Leonard is on the brink of making NBA history | Get Up

Mike Greenberg discusses what’s at stake for LA Clippers star Kawhi Leonard ahead of the restart of the 2019-20 season, but Jay Williams asserts that Kawhi will never be considered one of the greatest players in NBA history due to his consistent load management tactics. #GetUp #NBA Subscribe to ESPN+ https://plus.espn.com/ Get the ESPN App: … Read more Kawhi Leonard is on the brink of making NBA history | Get Up

People, Project, Process Management are Jobs of the Future, Says Guild Education CEO

Jun.29 — Guild Education CEO and Founder Rachel Carlson discusses how the current healthcare and economic crisis has disproportionately affected frontline workers. Her company is launching a new product designed to help displaced workers get training for the jobs of the future. She speaks with Emily Chang on “Bloomberg Technology.”

Standard Life Aberdeen Shakes Up Ranks by Replacing CEO Skeoch

Jun.30 — Keith Skeoch is stepping down as head of Standard Life Aberdeen Plc, the latest high-level departure from the asset manager that has struggled since its creation in a 2017 merger. He’ll be replaced by Stephen Bird, Citigroup Inc.’s former head of global consumer banking. Chairman Douglas Flint discusses the management change in an … Read more Standard Life Aberdeen Shakes Up Ranks by Replacing CEO Skeoch

Vic. Premier says lockdown will return as state struggles to contain coronavirus outbreak | ABC News

Victoria will reimpose stage three restrictions on 10 postcodes across Melbourne until at least July 29 in a bid to contain an “unacceptably high” number of new cases detected in the past few days. The state’s Premier Daniel Andrews also announced a judicial inquiry into the management of hotel quarantine after a number of cases … Read more Vic. Premier says lockdown will return as state struggles to contain coronavirus outbreak | ABC News

Active Management Shines in These Markets, Russell CEO Seitz Says

Jun.26 — Michelle Seitz, Russell Investments chairman and chief executive officer, says that active management shines in markets like these. She makes the case for long-term positioning to weather an uneven recovery because emotion is “single greatest destructor of value.” She joins David Westin on “Bloomberg Wall Street Week.”

U.S. Emerged From Recession in May, Pimco’s Wilding Says

Jun.29 — Tiffany Wilding, chief U.S. economist at Pacific Investment Management Co. (Pimco), says the U.S. economic recovery from the Covid-19 pandemic will be slow after an initial spurt of activity. She speaks with Bloomberg’s Tom Keene, Lisa Abramowicz and Jonathan Ferro on “Bloomberg Surveillance.”

Australia Coronavirus Hotspot Victoria Steps up Efforts to Contain Covid-19 Spike

Australia’s state of Victoria recorded 75 new coronavirus cases in 24 hours, health authorities announced, leading to increased concern the nation may be on the cusp of a second wave of cases as it removes lockdown restrictions that have crippled the economy. Victoria Premier Daniel Andrews says the government has stepped up efforts to contain … Read more Australia Coronavirus Hotspot Victoria Steps up Efforts to Contain Covid-19 Spike