I noticed the pricing today a little below maybe the top end of the range that you put this business to market at. What does success look like today for you. Actually, success for us is really about the long term growth prospects of the company.Mean, we're excited about the IPO. I mean it's a it's a big day for us. I mean for me, it's 11 years plus as CEO, we've been on a journey back to the city to return to the public markets.We always knew that with the scale of the company and the internationalization o ...

Market Trends & Investment Opportunities - Gold prices surged to $4,000 per ounce for the first time due to U S economic concerns and potential government shutdown, signaling a shift towards gold as a safe haven asset [1][5][12][13][47] - Portfolio reallocation away from the U S dollar is driving investment into gold and other metals like copper, which is benefiting from data center buildout and power infrastructure development [6][7] - The AI sector is experiencing a stabilization phase after a period of rapid growth, with some companies like Oracle facing margin disappointments in their cloud business [2][3][9][48][57][90] - Kenya is converting U S dollar debt to Chinese Yuan to alleviate financial strain, saving approximately $250 million annually in debt servicing costs [83][85][86] Company Performance & Strategies - Elon Musk's XAI is raising more funding than initially planned, reaching $20 billion, with potential investment from NVIDIA, highlighting the ongoing interest in AI infrastructure [1][47][48][76][77][78] - JPMorgan is investing $2 billion annually in AI and anticipates significant cost savings, indicating a belief in AI's potential to improve efficiency and potentially reshape job functions [57][58][59] - NVIDIA's investments in AI companies, which in turn purchase NVIDIA chips, raise questions about a potential AI bubble and the sustainability of current valuations [64][79][82] Global Economic & Political Factors - The U S dollar has depreciated by about 10% year-to-date, the single biggest decline in six months in 50 years, prompting investors to seek alternative safe harbor assets [12][22] - Political uncertainty in France is impacting the Euro, but the currency has remained relatively immune to country-specific developments so far [4][17] - Discussions are underway in Egypt involving the U S, Qatar, Israel, and Hamas to end the two-year war in Gaza, with potential implications for regional stability [2][31][32][33][34][48] - Potential intervention territory for the Yen is around 155, with the Finance Minister monitoring excessive FX moves [29]

Cristiano Ronaldo has become the football world's first billionaire. First billionaire player. First billionaire player in the twilight of his playing career, the 40 year old has been catapulted into the top ranks of the richest sportspeople, inking a fresh contract extension in June with Saudi Arabian team Nasser that is reportedly worth more than $400 million.Joining me now is our Portugal bureau chief Sophia Horta. It cost us a fair great to talk about Ronaldo and his incredible wealth. How has he done i ...

Gold Market Performance - Gold has surged over 20% since the Federal Reserve's dovish shift in Jackson Hole six weeks ago [1] - Gold surpassed $4,000 for the first time, previously crossing $1,000 during the Global Financial Crisis (GFC), $2,000 during the COVID-19 pandemic, and $3,000 on Trump tariffs [1] - Gold has outperformed other investments this century [2] - Gold is rising independently of equity market and Bitcoin movements, gaining 1% even when the S&P 500 and Bitcoin were down [3] Equity Market - The S&P 500's seven-day winning streak ended due to tech trade concerns [4] - The S&P 500 has added $16 trillion since the lows in April [4] Market Sentiment - Ray Dalio considers the market frothy [5] - It's difficult to reverse momentum trades significantly without government data to shift the narrative [5] - Diversification away from the US dollar may be driving gold's rise [1]

So another day, another deal that this time Nvidia seems to be in keeping with that. What do we know. According to our own reporting, this obviously is a Bloomberg scoop.Yeah, it's a Bloomberg scoop and it's been very well read today as well. So it tells you there's a lot of interest. Again, to your point, we've just seen deal after deal after deal being struck in the ai infrastructure space in particular.But what we've got from sources here is that so xAI we knew that were looking to do some fund raising. ...

Units of Tata and LG are among the big names set to hit Indian stock exchanges this month, making October the hottest month ever for IPOs in the country. Companies are expected to raise around $5 billion in October alone, taking this year's total beyond 5 billion compared with last year's record haul of 21 billion. So what's driving the frenzy.India's IPO rush is being powered by companies seeking to fund expansion in the world's fastest growing major economy. A deep pool of domestic capital, millions of ea ...

We're joined on Bloomberg TV and radio by Republican Senator Rand Paul of Kentucky. Senator, it's great to have you back on Bloomberg. Welcome.Thanks, Robert. Absolutely. I'm going to start with the government shutdown, which is, of course, driving so much of the conversation here in Washington, D.C. And you're in a unique situation. You're standing alone among Republicans in the Senate.Are you. The last debt and deficit hawk among Republicans in the upper chamber. Feels that way sometimes.Yeah. You know, t ...

Market Trends & Sentiment - The market is evaluating if gold is becoming a safer asset than the US dollar [1] - Gold's price movement is seen as an indicator of market sentiment, not tied to traditional defensive trades in US equities [6][7] - Gold's surge hasn't correlated with an overly defensive trade in the U S equity market, suggesting currency-related fears about the dollar's haven status [7] - Despite sentiment, data suggests the US dollar remains dominant in foreign transactions, cross-border transactions, central bank holdings, and global debt [8] Investment Opportunities & Risks - Diversification into other asset classes, including fixed income, presents yield opportunities for investors [11][12] - Younger investors entering the market now have more options and opportunities, including considering assets like gold [12][13] - Concentration risk exists with the top ten stocks in the S&P 500 comprising 41% of the index [20] - Investors uncomfortable with tech sector volatility can distance themselves from the epicenter, but timing the market is difficult [21][22] Tech Bubble Concerns - Concerns exist about circular financing and interconnected relationships in the tech sector, reminiscent of the dot-com boom and bust [16][18] - The interconnectedness of companies investing in and partnering with entities like OpenAI raises questions about the source of power and sustainability [15][17] - No two economic cycles are the same, and the tech recession was unique, with the economic data not as bad as the stock market declines [19][20]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec in the radio booth.Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube. On a day where we actually see stocks across the board a lower the major indices, I should say, Carol Massar. And a lot of this seems to be tied to some concerns a ...

DEMOCRATIC ANALYST. RICK IS A REPUBLICAN STRATEGIST AND PARTNER AT STONE COURT CAPITAL. JEANNIE, IT'S DIFFICULT TO IMAGINE WHAT THE CONVERSATION IS LIKE TODAY IN CAIRO.DOES THIS HEIGHTEN THE URGENCY OR MAKE IT MORE DIFFICULT TO MOVE CLOSER TO A CEASE-FIRE. I THINK WE ALL HOPE IT HEIGHTENS THE URGENCY, AND YOU MENTIONED EDEN ALEXANDER. HE IS BY SOME REPORTS THE LAST LIVING U.S. ISRAELI HOSTAGE.I THINK THAT'S GOING TO BE QUITE A MOVING MOMENT WHEN DONALD TRUMP MEETS WITH HIM AT THE WHITE HOUSE TODAY. ANOTHER ...