Bank of America put out a report saying rising rates in the US could set-off a recession or leave the economy mired in stagflation. The strategist behind that call is Meghan Swiber, BofA Global Research U.S. rates strategist, and she joined Alix Steel and Anna Edwards on “Bloomberg Markets: Americas” to discuss it.
Meera Pandit, JPMorgan Asset Management global market strategist, sees a mix of positive and negative news facing markets going forward. She speaks on “Bloomberg Markets: The Close.”
Omair Sharif, founder & president of Inflation Insights, joined Alix Steel and Anna Edwards on “Bloomberg Markets: Americas” to discuss the rising inflationary pressures on the globe.
Former Treasury Secretary Lawrence Summers says the Federal Reserve latest policy stance is “at last broadly appropriate.” He speaks with David Westin on “Wall Street Week.”
Graham Kellas, Wood Mackenzie senior vice president, discussed the future of European energy markets following the announcement of a 25% windfall tax. He’s with Alix Steel and Anna Edwards on “Bloomberg Markets: European Close.”
MEXICO CITY — Mexico’s energy regulator fined a unit of Spain’s Iberdrola 9.15 billion pesos ($466.4 million), arguing they violated a so-called self-supply power generation permit by selling electricity to their partners, according to a regulatory filing. Read More
Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app’s outages in March 2020 shut them out of trading on pandemic-related volatility. Read More
NEW YORK — Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark U.S. Treasuries fell after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Read More