Bloomberg Businessweek

Elise Giuliano, a senior lecturer at Columbia University, highlights the deepening economic pain in Russia due to the ongoing war, emphasizing how households are tightening budgets and industries struggle. Claudia Sahm, a chief economist, discusses macroeconomic trends, noting that high-income spending disguises broader weaknesses as the Fed debates rate cuts. Max Wasserman, a portfolio manager, warns of concentration risk in AI stocks and suggests defensive investments like Home Depot and McDonald's amid potential economic shifts.

A new report reveals how affluent women in the US are reshaping wealth and philanthropy. This generation is shifting away from superficial giving, focusing on meaningful impact in their communities. Raquel Oden discusses the rising interest in private markets and diversification strategies among clients. She also highlights the importance of giving while living and the generational and racial confidence gaps in investing. A fresh take on financial priorities is emerging, with 60% of women prioritizing financial giving over simple accumulation.

Stuart Kaiser, Head of U.S. Equity Trading Strategy at Citi, dives into the tug-of-war in the markets, revealing what impacts recent volatility. Sarah Frier from Bloomberg discusses Google's groundbreaking AI initiatives, spotlighting Gemini and its potential to rival ChatGPT. Ryan Kelly, Chief Investment Officer at Hennessy Funds, explores the implications of Kevin Hassett's candidacy for Fed chair and shares insights on mid-cap investment strategies as retail trends shift ahead of the holiday season. Tune in for market insights that matter!

In this engaging discussion, Erica Gessert, CFO of Upwork, shares insights into the company's ambitious growth plans and AI investments. She reveals how Upwork is transforming the flexible work landscape by rebuilding its business model. Erica highlights three key areas of focus: AI innovation, small business expansion, and enterprise strategies. She explains how AI tools streamline hiring processes and improve job matching, while addressing current market trends and client demand. Discover how Upwork aims to capitalize on the $1.3 trillion digital knowledge work market!

In this discussion, Robert Schiffman, a Senior Technology Credit Analyst, dives into the complexities of tech credit markets, explaining recent fluctuations in corporate debt and AI's impact on valuations. Leo Kelly, the Founder and CEO of Verdance Capital Advisors, explores the intersection of AI investments and private equity, offering insights on market cycles and infrastructure spending versus application-driven growth. Together, they analyze how these trends may shape both the economy and job structures moving forward.

Frank Sorrentino III, the CEO of ConnectOne Bank, shares insights on the community banking landscape. He highlights the resilience of small businesses in the New York metro area, despite apprehensions. Sorrentino discusses the key drivers of regional economic strength, such as AI and capital inflows. He addresses the challenges of rent-stabilized properties and advocates for tax relief and zoning changes to increase affordable housing. Additionally, he shares his perspective on Fed policy and the potential for an interest rate cut.

Chris Whalen, former investment banker, shares insights on private credit risks and the potential pitfalls of AI spending. Frank Sorrentino, CEO of ConnectOne Bank Corp., discusses challenges in regional lending and affordable housing, while emphasizing the resilience of NYC's economy. Zach Pandell from Grayscale Investments dives into the complexities of the crypto market, touching on ETFs and regulation. Behavioral scientist John Levy reveals what motivates people to follow leaders, and Amanda Mull explores Ulta Beauty's unique retail strategy and growth.

Michelle Jamrisko, White House and National Security Editor for Bloomberg News, breaks down the surprising cordiality between President Trump and New York mayor-elect Zohran Mamdani during their meeting. They discuss the potential political ramifications and implications for federal funding. Sarah Levy, CEO of Betterment, dives into consumer investing behavior and introduces their new self-directed investing offering, while Eric Weiner explores market reactions, AI-driven trade dynamics, and the crucial indicators of financial risk.

Hugh Herr, an MIT Media Lab professor and bionics expert, shares his journey from double-amputation survivor to pioneer in biomechatronics. He discusses the revolutionary advancements in prosthetic technology, highlighting the shift from wooden limbs to computer-controlled, sensory bionics. Herr emphasizes the importance of designing prosthetics that cater specifically to women, addressing the gender bias in traditional devices. He also touches on preventing amputations linked to diabetes and his vision for future advances that enhance movement and reduce pain.

In this discussion, Sridhar Natarajan, Bloomberg's Chief Wall Street Correspondent, analyzes Blue Owl's surprising withdrawal from a private credit fund merger and what it means for the industry. Lane Bess, a tech executive, presents his insights on AI's pivotal role in cybersecurity and the burgeoning field of edge computing. Meanwhile, Brent Schutte, Northwestern Mutual’s CIO, highlights market risks and stresses the importance of diversification in response to the cracks emerging in AI valuations, crypto volatility, and private credit.