Bloomberg Intelligence

MercadoLibre's future is increasingly tied to its fintech arm Mercado Pago rather than its online store. Analysts project Mercado Pago's revenue to grow over 30% in 2026 and nearly 40% in 2027, with 82.9 million monthly users and a $14.6 billion credit book as of Q1.

New Federal Reserve Chair Kevin Warsh will hold his first press conference amid inflation and uncertainty over interest rates. Bloomberg Intelligence's Ira Jersey discusses the Fed's division and Warsh's potential actions on Bloomberg This Weekend.

Barry Diller has made an offer to acquire the remaining portion of MGM Resorts International he does not already own, following his overhaul of IAC. This move is described as the latest pivot for the billionaire media mogul.

Bitcoin price fell below $68,000, its lowest since early April, driven by ETF outflows, Strategy’s Bitcoin sale, and Mt. Gox’s on-chain movements. Strategy sold 32 Bitcoin to fund dividends, while U.S. spot Bitcoin ETFs saw $3.45 billion in withdrawals over 11 sessions. Mt. Gox transferred $739 million in Bitcoin, raising market anxiety.

A quantitative model by Bloomberg Intelligence indicates that the rally in stocks is nearing a 'manic' level. This suggests a potentially unsustainable surge in stock prices. The model's findings imply a need for caution in the current market.

Capital One increased provisions for bad loans and missed financial estimates. The company faces regulatory fines and lawsuits exceeding $200 million due to a July 2023 data breach, according to Bloomberg Intelligence.

Gold prices rose for the third consecutive day as traders assessed the potential for a diplomatic resolution to the Iran conflict. Ongoing tensions, however, pose a risk to the fragile ceasefire efforts. The analysis was featured on Bloomberg Markets with insights from Bloomberg Intelligence's Grant Sporre and Caroline Hyde.