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Why More Americans Are Choosing to Rent a Home
Bloomberg Originals· 2025-07-15 18:00
Today, the number of renter households in the US is growing three times faster than homeowner households, signaling a major shift in American homeownership. This trend traces back to the 2008 housing crash when construction slowed dramatically and the US never caught up. Restrictive zoning laws have limited where and what kinds of housing can be built.The cost of raw materials has gone up, coupled with a labor shortage. And in the last 5 years, mortgage rates have more than doubled due to inflation. This ha ...
Why Investment Banking Was Once 'No Place for Women'
Bloomberg Originals· 2025-07-11 15:09
I remember very distinctly I had just started on the job. I had gotten the job of covering all the investment banks and I went to go visit a president of an investment bank and the quote I will never forget. I always said I would make it the cover of my book and it was there's no place for women here.So, I was a little shocked. Wow. To hear it, but then I just took a breath and I asked why.And he said, "There's no place for women because the minute they get to their 30s and they're trying to have a family a ...
Why Vietnam Had to Make a Trade Deal With Trump
Bloomberg Originals· 2025-07-11 08:00
Trade Relations & Economic Impact - Vietnam's economy is heavily reliant on exports, representing approximately 90% of its GDP [4][8] - The US is Vietnam's largest export market, leading to a significant trade surplus and making it a target for potential tariffs [1] - Potential tariffs from the US, such as a proposed 46% tariff, could profoundly impact Vietnam's economy and manufacturing sector [2][10] - Vietnam experienced substantial foreign investment, exceeding $600 billion since 1988, contributing to export growth [7] Geopolitical Strategy & Manufacturing - Vietnam has become a major player in the global supply chain, manufacturing goods for various American companies and global brands [3][4] - The "China Plus One" strategy led companies to relocate some production to Vietnam to avoid tariffs on Chinese goods, benefiting Vietnam during US-China trade tensions [8][9] - Vietnam employs a "bamboo diplomacy" strategy to navigate complex relationships between the US and China, balancing economic and geopolitical considerations [15][16] - Vietnam's government is proactively engaging with the US to mitigate trade imbalances, including purchasing US products [12] Historical Context & Economic Development - Post-war Vietnam was one of the world's poorest countries, but economic reforms and policies to attract foreign investment have driven significant growth [5][6] - Vietnam's strategy of offering tax incentives, infrastructure development, and an open attitude to global manufacturers has been successful in attracting foreign investment [6]
The Future of DEI in Finance
Bloomberg Originals· 2025-07-10 16:01
What do you guys make of this backlash like the DEI push back there has been. What does that look like from where you sit. I think there's this sort of lack of desire to have um you know formulas and regulations around some of this.But if you talk to most CEOs and boards, they're doing things because it's the right thing to do. So I think it's still really happening in the background. It's just probably lost a little bit of sort of like the steam and sort of the outward push that that that folks are being f ...
Online Trading Academy Upends Thousands of Young People’s Lives
Bloomberg Originals· 2025-07-10 13:50
Woo. Hit the stage. Hit the stage.You're brainwashed into this is something that is life-changing. It can be something that's life-changing. If you bring more people, what that allows the company to do is to tell people, "If you're failing right now, it's your fault. It's because you're not projecting wealth enough." It allows them to also isolate you from the people you know because they'll say stuff like you need to surround yourself with wealthy people if you want to become wealthy and wealthy people tha ...
Broken Dreams and Millions Lost: The IM Academy Story
Bloomberg Originals· 2025-07-09 19:42
Repeat after me. I am a winner. I am a winner. I am a success. I am Academy essentially sells you a dream.Invest into yourself, into your mind. Empower yourself. Grow someone who's never going to be a slave to the corporate ladder. Who's never going to have to work 9 to5 their whole lives.They say your network is your net worth. It's not what you know, it's who you know. The rooftops.I didn't know how big it was or how big it was going to get. I am the greatest trainer of all time. It was all about look at ...
Anne Walsh’s Passion Is to Bring More Women to Finance
Bloomberg Originals· 2025-07-09 15:10
Industry Gender Diversity - The industry needs to attract more women, as current portrayals like "Wolf of Wall Street" are unattractive to women and young people seeking purposeful careers [1] - Investment management and asset management can be framed as making a difference, appealing to those seeking purposeful careers [1] - The industry should attract more women, as it manages retirement money and college savings [2] Guggenheim's Performance & Goals - Guggenheim's team is composed of 30% women, which is above the industry average [2] - Guggenheim aims to increase the percentage of women in its team to reflect the population, targeting a 50/50 gender balance [2]
Broken Dreams and Millions Lost: The IM Academy Story | Bloomberg Investigates
Bloomberg Originals· 2025-07-09 13:01
Business Model & Claims - IM Academy sells a dream of financial freedom through online trading education [1] - The company claims members can learn to trade online, make money, and become rich [10] - It emphasizes personal empowerment and escaping the "nine-to-five" corporate life [1] - The company uses social media influencers to showcase a luxurious lifestyle to attract new members [9] - The company's founder aimed to build a billion-dollar business with a million users [15] Recruitment & MLM Structure - IM Academy operates on a multi-level marketing (MLM) structure, rewarding members for recruiting new members [40][41] - Recruiting is heavily incentivized, with commissions and rank advancements tied to the number of recruits [40][44] - The company encourages aggressive recruitment tactics, urging members to prospect multiple people daily [39] - The company's income disclosure revealed that 94% of members earned less than they paid for their subscription in a year [49] - A small percentage (005%) at the top earned an average of $14 million per year [50] Trading & Education - IM Academy offers online trading lessons, initially focused on foreign exchange (Forex) markets [8] - Members receive "signals" or predictions on price movements, but these are risky and can lead to losses [31][34] - The company claims to teach members to trade various assets, including shares and cryptocurrencies [30][31] - Critics argue that most members make money through recruiting rather than trading [43] - The company is not regulated to provide financial advice, and the founder has never registered as a broker [36][37] Ethical & Legal Concerns - The company faces accusations of fraud, misleading advertising, and running a pyramidal scheme [2][69] - The company's founder has a criminal record and some promoters lack formal financial education [37] - The company has been investigated by the FTC for deceptive or unfair actions [52] - The company has faced numerous complaints, with people reporting significant financial losses and feelings of being brainwashed [57][58][59] - The company isolates members from their families and friends, encouraging them to associate only with other members [55][56]
Jane Fraser on Being the Only Woman Leading a Major US Bank
Bloomberg Originals· 2025-07-08 17:47
Diversity & Inclusion - The industry acknowledges the underrepresentation of women in leadership roles, specifically noting only one woman leading a major US bank [1] - Unconscious or conscious biases exist within the system, hindering women's advancement [2] - Diversity is not just a matter of fairness but a competitive advantage, as excluding women cuts off access to 50% of the workforce [4] - The business case for diversity is overwhelmingly clear, and it's frustrating when people don't recognize it [4] Challenges & Opportunities - It's frustrating when women are asked questions that men in similar positions are not [3] - The focus should be on providing opportunities for everyone, creating a win-win situation rather than a zero-sum game [3] - Breaking through and achieving gender equality should become business as usual, not an unusual occurrence [2]
What It’s Really Like for Women in Finance | Bullish
Bloomberg Originals· 2025-07-08 13:01
- So what do you do to kind of keep yourself sane. - Well, recreation like this. Although I'm not sure that golf is the solution to the insane, sometimes it feels like it is insane.There you go. - Ah, there we are. Over the years I've interviewed the biggest names in finance and they've mostly been men, but things are changing.More and more. I'm meeting powerful women, controlling vast amounts of capital. What did it take for these women to break through and is Wall Street changing now that they have.We are ...