Bloomberg Intelligence
Coverage of Bloomberg Intelligence in the Nexus archive.
- Why the bond market is flexing its muscles, and why everyone needs to care
The bond market heavily influences rates for mortgages and consumer loans, and recent rising yields caused the U.S. Treasury Department to intervene. The global bond market is facing increased competition from higher-yielding bonds in countries such as Japan, the U.K., and Germany, making US Treasurys compete with other sovereign bonds.
- What’s Next for US-Iran in Hormuz With Expired MOU?
US President Donald Trump announced he will not try to revive a lapsed ceasefire deal with Iran. The memorandum of understanding provided the parties a 60-day window to negotiate lasting peace. Col. Wayne Sanders examined what comes next regarding the Middle East conflict and control of the Strait of Hormuz following the expiration.
- Home Depot Beats Estimates on Faster Sales Growth
Home Depot's results beat estimates in the second quarter. The company reported that comparable sales rose 1.7%, and its adjusted earnings also surpassed expectations. Lindsay Dutch has more information on this matter.
- Shein Valued at $22 Billion to $25 Billion Ahead of IPO, BI Says
Bloomberg Intelligence set a valuation range of $22 billion to $25 billion for Shein Global Holdings Ltd., citing the company's fast-fashion niche. This assessment addresses questions surrounding the retailer as it prepares for one of its biggest initial public offerings.
- AstraZeneca Investors See Little Logic in Bristol Tie-Up
AstraZeneca Plc investors expressed disapproval of a proposed $400 billion merger with Bristol-Myers Squibb Co. Bloomberg Intelligence's Sam Fazeli discussed the reaction to the deal.
- Why the US Treasury and Japan Are Supporting the Yen
The US Treasury Department and Japan are collaborating more closely than in decades to support the yen. Bloomberg Intelligence's Stephen Chiu provides analysis on this development.
- Japan Earthquake Insurance Claims May Exceed $1.1 Billion, BI Estimates
Insurance claims from this week’s earthquake in Japan may exceed the $1.1 billion average for the country’s six previous major tremors, according to Bloomberg Intelligence estimates. The average is based on data from six prior significant earthquakes in Japan.
- Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets
Morgan Stanley's Bitcoin ETF has accumulated nearly $400 million in assets since its April launch, making it one of the most successful funds of 2023. The NYSE Arca-listed product, the first by a bank, has attracted over $391 million in assets and received $15.7 million in new investments this week alone.
- European car sales surge driven by influx of Chinese EVs
European car sales surged last month due to an influx of cheap Chinese EVs, with BYD and SAIC sales in the UK rising by a third year-on-year. European manufacturers are reducing prices and offering incentives to compete, while EU officials seek protections as Chinese cars continue to flood the market.
- Why MercadoLibre’s Future Now Rests on Its Bank, Not Its Store
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.
- Fed Chair Warsh Faces Challenging Debut
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.
- Diller Bids For Rest of MGM Resorts After Overhauling IAC
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 Crashes to $67,000 Range, Down 13% in a Week Amid ETF Outflows and Market Fears
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.
- Quant Model Shows Rally in Stocks Is Approaching ‘Manic’ Level
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 Boosts Provision for Bad Loans, Misses Estimates
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 Advances as Traders Weigh Fragile Iran Ceasefire
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.