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Vanguard Group has agreed to buy digital wealth platform Altruist, marking a strategic shift from its traditional organic growth approach to expanding its wealth management capabilities through acquisition. The deal follows Altruist’s notable impact earlier this year when it introduced a tax strategy tool that caused a sell-off in wealth management stocks. In an exclusive interview with Bloomberg’s Dani Burger, Vanguard CEO Salim Ramji and Altruist CEO Jason Wenk discussed the significance of the transaction and Vanguard’s commitment to enhancing its digital wealth offerings.
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US Senator Ted Cruz, a Texas Republican, discusses US-Canadian trade tensions, the backlash against data center development and the legacy of Supreme Court Justice Clarence Thomas on "Balance of Power: Evening Edition." He talks to Bloomberg's Joe Mathieu and Kailey Leinz.
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Abby Joseph Cohen, Columbia Business School professor and former partner at Goldman Sachs, says recent consumer spending patterns are signaling issues with the US economy. Speaking on "Bloomberg The Close," she also warns AI investing may not be sustainable and previews the Jackson Hole Federal Reserve meeting. She talks to Bloomberg's Romaine Bostick.
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Northrop Grumman Chair, CEO and President Kathy Warden says the firm expects to have a "decent share" of the Golden Dome, while speaking to Bloomberg Television's 'Balance of Power' Co-Anchor Kailey Leinz during the DC Newsmaker Event covering defense and policy in Washington DC. Warden also says the company committed to providing the US with more than 100 B-21 bombers and that the defense industry needs government support in the rare Earth mineral arena.
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Ontario Premier Doug Ford said his war of words with President Donald Trump got a little heated, but he had to "hit back." Ford says the US and Canada need a fair trade deal, but he says no deal is better than a bad deal. Ford speaks to Joe Mathieu on "Balance of Power."
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United Airlines CEO Scott Kirby says it is an exciting day as the company announces 10 destinations in Europe and Asia to its network next year, while speaking with BTV's Lisa Abramowicz on Bloomberg Surveillance. Kirby also says that demand has been strong across the board, saying that he doesn't see any places of weakness but the economy feels a bit "tentative."
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Following his decision to cancel talks with Paramount over the company’s merger with Warner Bros. Discovery, California Attorney General Rob Bonta discusses his decision, and also commented on the US Supreme Court siding with President Donald Trump over his plan to use the Postal Service to impose new restrictions on the distribution of mail ballots. as well as Meta Platforms being sued by a bipartisan coalition of states on allegations of deceiving the public. Bonta spoke with Bloomberg's Joe Mathieu and Kailey Leinz.
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Representative Jake Auchincloss (D-MA), a member of the House Energy and Commerce Committee, discusses the announcement of additional US sanctions against Iran and tariff threats against Canada. He speaks with Bloomberg's Joe Mathieu and Kailey Leinz.
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Apollo Chief Economist Torsten Slok comments on the economic impact of the the US Treasury's strategic debt buyback operations. Speaking with Bloomberg's Romaine Bostick, Slok also discusses the outlook for Federal Reserve monetary policy.
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Joe Lavorgna, Chief Economist of SMBC Americas/Former-Counselor to Secretary Scott Bessent at the US Treasury Department in NY reacts to Scott Bessent announcing a US campaign to sever Iran from the global economy, warning that any country doing business with the country risks facing US sanctions. He speaks with Bloomberg's Joe Mathieu and Kailey Leinz.
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