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Transcripts For BBCNEWS Business Today 20240905

Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners

Transcripts For BBCNEWS World Business Report 20240707

plus the crypto crash deepens. could it spell disaster for el salvador s multi million dollar gamble on bitcoin? we start in the us where the federal reserve has announced the biggest rise in borrowing costs in 28 years. the fed raised its key interest rate by three quarters of a percent and signalled more big increases are on the cards. as our correspondent michelle fleury reports, from washington, it s battling to control the worst inflation in four decades. intensifying its five figure inflation which is currently at a a0 year high reserve raised its key interest rate by three quarters of a percentage point to a range of 1.5 to one and three quarters of a percent, move that will push up borrowing costs for and company. us interest rates haven t been hiked by this much in one go since bill clinton was in the white house in 199a, the size of the mood something federal chair reflected on during his press conference. clearly the 75 basis point is an unusually large one a

Transcripts For BLOOMBERG Bloomberg 20240703

Good morning. This is bloomberg daybreak europe. Im lizzy burden in london. Stocks in asia higher after an upbeat day on wall street. U. S. Job status according the case for rate cuts this year. The u. K. , Andrew Bailey opening the door to a possible cut next month. The u. S. Set to impose tariffs on chinese electric vehicles and strategic sectors in a sweeping decision to be unveiled by President Biden as soon as next week. Benjamin netanyahu says israel will fight on in gaza with or without u. S. Support. This as washington threatens to withhold more bombs if her offerh rafah is invaded. Its been a good month for stocks and bonds after the stumble we saw in april. Yesterday, the s p top 5200. Less than 1 of its alltime high. U. S. Jobless claims jumped to their highest level since august, beating estimates and reinforcing bets on fed rate cuts. Today, futures pointing to an even higher [inaudible] on both sides of the pod. You can see the impact of the u. S. Data on other areas of t

Transcripts For BBCNEWS World 20240702

and lower consumer confidence are to blame. our business editor simonjack has been to cardiff to talk to small businesses about the financial pressures they re facing. going, going gone. this wine merchant is picking up the last of the stock as he shuts down his business. 2023 shaping up to be a little shop of horrors. the number of companies in critical financial distress up caught in the last three months and this year is expected to see business failures than any since the crisis of 2009. i realised the shot wasn t valid anymore, i had to close the shop i went back online where i started originally but there was not the same, not the same spending power in the markets i could not make ends meet, i could not make ends meet, i could not make ends meet, i could not pay my suppliers or myself and the additional cost. that s when i realised it was not a valid business. insolvency experts say thousands of other business owners may find themselves in the same boat. it owners may

Private equity s cash flow woes create fundraising challenges for hedge funds

Private equity s cash flow woes create fundraising challenges for hedge funds
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