Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chris Beam, Bloomberg Businessweek senior writer discusses his latest piece on how some of the biggest users and supporters of prediction markets are having mixed feelings about its mainstream growth and whether the wide adaptation could dilute its potential to establish collective knowledge. He speaks with Carol Massar and Tim Stenovec.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bending Spoons shares surged 40% above their initial public offering price after the company and some of its backers raised $1.68 billion. The trading gives Bending Spoons a market value of $25.7 billion. That compares with a valuation of about $14.5 billion in 2025, after a funding round comprised of $270 million in primary capital and $440 million in secondary capital and a $2.8 billion debt package, according to PitchBook data.
Bending Spoons was formed in 2013 and derived its name from a scene in the 1990s science-fiction film The Matrix. The company brings a private equity-style playbook to distressed software apps, buying largely subscription-based services, trimming their staff and handing operations to coders
On today's show, Carol and Tim speak with:
Luca Ferrari, Bending Spoons CEO AND Bailey Lipschultz, Bloomberg News IPO Reporter
Todd Gillespie, Bloomberg News Banking Reporter on today’s Big Take: Citi CEO Jane Fraser Brings Troubled Bank Into Trump’s Favor
Lipi Sternheim, CEO, REalloys on a US Army processing facilities partnership
Justin Bibb, Cleveland, OH Mayor (D) on CityLab story: Cleveland Plots an Industrial Comeback on East Side 'Midline'
Jo Ann Corkran, Co-CEO & Managing Partner, Golden Seeds on $200 Million milestone
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Brett Pulley, Bloomberg News Atlanta Bureau Chief discusses his latest reporting featured in the upcoming Bloomberg Businessweek magazine on how people in southern states are feeling the squeeze as the cost of living rises and wages struggle to keep up. He speaks to hosts Carol Massar and Tim Stenovec.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go.
The Philadelphia Stock Exchange Semiconductor Index jumped 3.9% on Tuesday to bring its second-quarter gain to 88%, its best quarter ever. It soared 101% in the first half, putting it on track for its best year in its history. In contrast, the tech-heavy Nasdaq 100 Index climbed 28% in the second quarter, while the S&P 500 Index rose 15%. It was both of their best quarters since 2020, but the performances were dwarfed by the surge in chip stocks.
On this episode, Carol and Tim speak with:
Ian King, Bloomberg News US Semiconductor Reporter
Dan Suzuki, Global Investment Strategist, iCapital
Georgia Hall, Bloomberg News FX and Rates Reporter AND Francesca Maglione, Bloomberg News California Reporter on Big Take: The 250-Year-Old American Dream Is Fading for Dreamers Overseas
Yogesh Gupta, CEO at Progress Software
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Steven Hammer was once a literary star. Now, his career is floundering, his marriage to a high-powered woman is crumbling, and the only bright spot in his life is Astrid, the Norwegian au pair who cares for their children—and reveres his neglected novels. But what begins as a secret infatuation soon spirals into a scandal that makes them both infamous. With inexorable momentum and sly, lucid prose, Teddy Wayne’s The Au Pair is a sleek literary thriller about desire, deception, and the unraveling of a man as he grapples with his fading relevance—when the lies others spin pale beside the fictions we tell ourselves

For more, Carol Massar Tim Stenovec speak with Teddy Wayne, Author of 'The Au Pair'
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