Latest News

Here Comes a New Wave of Billion-Dollar Hedge Funds

The hedge fund industry is seeing the largest influx of startups since 2005, with no fewer than six coming to market this year with at least $1 billion dollars in funds. Bloomberg’s Katherine Burton reports on “In The Loop.” (Source: Bloomberg)

Gainers

CLR
+2.49
+5.70%
Continental Resources Inc/OK
WLL
+1.45
+4.70%
Whiting Petroleum Corp
NFX
+1.64
+4.66%
Newfield Exploration Co
NEM
+0.94
+4.33%
Newmont Mining Corp

Losers

ONNN
-0.82
-6.81%
ON Semiconductor Corp
GPRO
-2.54
-5.85%
GoPro Inc
NRG
-1.22
-4.84%
NRG Energy Inc
AAL
-2.52
-4.77%
American Airlines Group Inc

Are Age and Risk Tolerance Tied Together?

Charles Schwab Chief Investment Strategist Liz Ann Sonders discusses bonds, equities and market volatility. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Street Smart

Joint Venture to Help BioPharma: Quintiles, Quest

Quintiles CEO Thomas Pike and Quest Diagnostics CEO Steve Rusckowski discuss how the Quintiles, Quest partnership will create the world’s second largest provider of central lab services and help bring new drug therapies to market. They speak with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)

GoDaddy Set To Go Public. Why Now?

Bloomberg’s Brian Womack reports on GoDaddy IPO to raise $418M with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)

What Will Happen After ECB Reviews Greek Bank Liquidity?

Columbia University Professor of Political Economy Edmund Phelps examines the European Central Bank to review Greek bank liquidity and why Greece bailout talks have not been strong. He speaks with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)

Is the Economy Strong Enough for a Rate Hike?

Global Financial Private Capital Mike Sorrentino and Hightower Advisors Richard Saperstein examine the VIX’s biggest quarterly drop in 2 years and the strength of the dollar. They speak with Bloomberg’s Alix Steel and Lisa Abramowicz on “Street Smart.” (Source: Bloomberg)

Will IBM’s New Weather Tools Help Businesses?

Bloomberg’s Alex Barinka reports on IBM to join the Weather Company to develop forecast tools to help retail, insurance and utilities industries. She speaks with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)

Charter Buying Bright House for $10.4B

Bloomberg’s Alex Sherman reports on Charter Communications to buy Bright House Networks for $10.4B dollars. He speaks with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)

GoDaddy Raises $460 Million, Seeks Investors

GoDaddy raised $460 million in an initial public offering after pricing its shares above the marketed range. Bloomberg’s Olivia Sterns reports on “Bloomberg Surveillance.” (Source: Bloomberg)