Paul Sweeney Archives -

SpaceX Said to Target $75 Billion in IPO at $135 Per Share 0 (0)

SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its ⁠initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn’t public. The [See More…]

Bloomberg Television News & Politics

World Cup Expected to Generate $80 Billion in Global Spending 0 (0)

Jen Bartashus, Bloomberg Intelligence Senior Retail Staples Analyst, discussed the significant economic impact of the upcoming World Cup, estimating global spending to reach $80 billion. She highlighted the event as one of the largest sporting occasions worldwide, driving substantial retail and consumer activity. However, Bartashus noted the unique challenge for the United States, where soccer is less popular compared to other countries, making the domestic economic impact of hosting the tournament uncertain and closely watched. Original filename: 20260526_155317_World_Cup_Expected_to_Generate_80_Billion_in_Global_Spendin.mp4 ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from [See More…]

Bloomberg Television News & Politics

What to Expect From the Trump-Xi Summit in Beijing 0 (0)

President Donald Trump will be the first US leader in almost a decade to visit China when he lands in Beijing on Wednesday. His much-anticipated summit with President Xi Jinping — delayed from March due to the Iran war — offers the leaders of the world’s two largest economies a chance to reset personal ties and look for common ground on trade, technology and a range of other contentious topics. Henrietta Treyz, Director of Economic Policy at Veda Partners, joins Bloomberg Intelligence to preview the high-profile meeting. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss [See More…]

Bloomberg Television News & Politics

Trump Discusses Iran Proposal With Aides, White House Says 0 (0)

Lindsay Newman, Columnist at GZero Media, discusses the latest developments in Iran as the White House weighs an Iranian proposal to end the war. Plus, she breaks down the implications of King Charles’ multi-day state visit. The White House said US officials were discussing Iran’s latest proposal but maintained “red lines” on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon. White House Press Secretary Karoline Leavitt told reporters Monday that President Donald Trump convened national security officials to review the proposal. “His red lines with respect to Iran have been made very, very clear,” she said, adding [See More…]

Bloomberg Television News & Politics

DOJ Drops Powell Probe, Smoothing Warsh Path to Fed 0 (0)

The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader. US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t [See More…]

Bloomberg Television News & Politics

Warner Bros. Shareholders Approve $110 Billion Paramount Deal 0 (0)

Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a $110 billion takeover by Paramount Skydance Corp. But this is not a done deal yet. Chris Palmeri reports. ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: [See More…]

Bloomberg Television News & Politics

Trump Pushes for Plan to Save Spirit Airlines 0 (0)

George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, breaks down the latest earnings from Boeing and United Airlines. He also reacts to news that the US government is close to a rescue package for Spirit Airlines. The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter. The agreement, which has not yet been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up [See More…]