For years, American Express and Chase have been vying to be the preferred premium credit card of America's richest consumers. In general, these banks are fighting for the loyalty of America's affluent shoppers. Um, we have a situation in the US where um there's a really big disparity in who does consumer spending.Um so if you look at the um highest earning 10% of households, which is um roughly households above $250,000 a year, um they do fully half of all of the consumer spending in the United States. It's ...

Live from Bloomberg's world headquarters in New York, I'm Scarlet Fu. And I'm Tim Novak. Welcome to Bloomberg Crypto.It's a look at the people transactions and technology shaping the world of decentralized finance. Bitcoin is bouncing back, extending its recovery. A week after we saw billions of dollars of value wiped out in digital assets.In just a moment, we're going to speak to Brian Brooks. He's deeply involved in various crypto boards, including strategies. He's also CEO of the real estate firm Meridia ...

3 2 1 >> JP Morgan Chase's new Midtown Manhattan Mega Tower is officially open to the public. Standing at 60 stories tall, 270 Park Avenue caps one of the most expensive construction projects in New York history. It's believed to have cost close to $5 billion and required the demolition of its old building, which was the tallest ever to be voluntarily knocked down in the US.The new all-electric building boasts of amenities including a 13thf floor pub called Morgans's and a fitness center that as Bloomberg p ...

Market Analysis & Gold Performance - Gold price surged significantly, up 66% year-to-date, ranking among the top four performances in the last 100 years, only surpassed by 1979, 1973, and 1974 [1] - The disparity between gold's rise and crude oil's 20% decline, reaching approximately 86%, signals a severe global deflationary force [2] - Gold's behavior, rising when stock market volatility is low, raises concerns about a potential uptick in stock market volatility; gold might be providing a warning signal [3] - A weaker U S dollar has contributed to gold's strength, as most commodities are denominated in U S dollars [3] Factors Influencing Gold Prices - A controversial U S president and ongoing wars are beneficial for gold; Trump's actions against the Fed seem to positively impact the gold market [4] - Central banks are underlying buyers in the cash market, supporting gold prices, but their buying may decrease as prices approach the $4,000 level [11] - The government shutdown and the delay in the Commodity Futures Trading Commission report contribute to a perfect storm for gold, which might be ending [9][10] Potential Correction & Risks - Gold has reached its highest level since 1981 relative to its 60-month moving average, suggesting it may be time to reduce long positions [5] - A pullback to $3,500 is possible, as $4,000 has transitioned from key resistance to support; a 30% correction from current levels would be normal, similar to 2008 [6] - A stock market correction of 5% to 10%, which hasn't occurred in a long time, could push gold prices lower [8] Indicators & Speculation - Open interest in gold futures has remained flat for years, indicating a lack of significant speculation [10] - ETF inflows have increased, but the cash market and central bank buying are the primary drivers of gold's movement [11]

I took in hundreds of billions of dollars from China. I put the full tariffs on China. Biden left the tariffs because he couldn't.It was too much money. But they gave so many exceptions that they were essentially meaningless. In other words, he the tariffs.But you don't have to pay. If you look at somebody the wrong way. You don't have to pay.So they didn't pay very much. But with me, they were paying hundreds of billions of dollars. And again, I have a great relationship with President Xi.I expect to be ab ...

Katie, you're there in the new shiny buildings. What do they look like. And we assume hopefully no cockroaches to be found.It is big. It is Grant. I have not seen any cockroaches.I will say it's a little loud. We just heard from JPMorgan CEO Jamie Dimon wrapping up and he opened his speech with a reflection. You think about the office building that did stand here at 270 Park.JPMorgan actually demolished that building to build this one. That was the largest U.S. building to ever voluntarily be demolished. No ...

Company Overview - OnlyFans 由英国埃塞克斯的一个家庭于 2016 年创立 [1] - OnlyFans 现在由一位居住在英国的乌克兰裔美国亿万富翁拥有 [1] - OnlyFans 采用精益的商业模式 [2] - OnlyFans 希望成为一家具有美国个性的英国公司 [4] Financial Performance & Creator Payouts - OnlyFans 的盈利能力正在快速增长 [1] - OnlyFans 向创作者支付了 250 亿美元 [3] - OnlyFans 为他人创造财富，而不仅仅是追求利润 [3] User Base & Revenue - OnlyFans 的大部分收入来自美国 [5] - 美国是 OnlyFans 最大的用户群 [5]

We couldn't agree more. It is and indeed a very weird market. You know, things that you historically could rely on you can no longer rely on.I mean, who ever would have thought that the kind of volatility we're seeing in developed market currencies versus the emerging market currencies are doing relatively okay. And that kind of feeds into the whole theme around gold as well. You know, Danny, we've heard three big arguments as to why we're seeing the volatility in gold or why gold has actually been the best ...

Think actually what's interesting that you've seen from GE and other aftermarket aerospace suppliers is that their growth has really diverged from what we've seen in terms of air travel. And so departures globally are actually trending below what was sort of expected at the beginning of the year. As you know, a lot of this uncertainty sort of takes its toll.But you've just had such a buildup in the aerospace market because of those supply chain challenges that companies are still working as hard as they can ...

Does America's hapless Democratic Party have a new leader. In the November issue of Bloomberg Business Week, we sit down with California Governor Gavin Newsome. He tells us why he's leading the redistricting fight with Proposition 50, a ballot initiative that will redraw congressional districts in his state.It just may counter Republican attempts to gerrymander Texas and tip the scales in the midterm elections. Nuome also discusses the art of the troll, how he's mischievously tweeting and podcasting his opp ...