Business Briefing: May 31 - United States (5 stories)
Sunday, 31 May 2026 Weekly Business & Finance United States
Here is your Weekly summary for Business & Finance across United States for Mon 25th May - Sun 31st May 2026
Jupiter Asset Management has capitalized on Europe's electrification trend, with its fund outperforming 92% of peers this year by focusing on AI-driven energy stocks. This strategy highlights the growing importance of sustainable investments in a rapidly changing market landscape.
In Taiwan, three brokerages are seeking $1.4 billion in loans, reflecting a surge in demand for financial services amid a booming stock market. This rush for capital underscores the optimism surrounding Taiwan's economic recovery and growth potential.
Global interest rates are on the rise, driven by a significant selloff in the bond market, as noted by economist Gita Gopinath. This trend could have widespread implications for borrowing costs and investment strategies worldwide.
Meanwhile, former Société Générale Chair Lorenzo Bini Smaghi has praised the bank's governance as "best in class" upon his departure, leaving it with a significantly higher share price. In the tech sector, SpaceX has adjusted its IPO valuation downward, while Anthropic has achieved a remarkable $965 billion valuation, surpassing OpenAI for the first time in the competitive AI landscape.
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Key stories and insights from this topic
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Jupiter Fund Taps Europe’s AI Energy Boom to Beat 92% of Peers
Bloomberg Technology 29 May 2026, 5:00amHoming in on stocks at the heart of Europe’s electrification push has helped a Jupiter Asset Management fund team outperform 92% of its peers this year.
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Gita Gopinath on Why Interest Rates Have Surged All Around the World | Odd Lots
Bloomberg Technology 29 May 2026, 8:13amThere's been a massive selloff in the bond market and rates are rising globally. Japan, Korea, the UK... You name it. Gita Gopinath — Harvard economics professor and the former first deputy managing director of the IMF — has long warned that bond markets are "in a fragile place." She sees a combo of demographics, high levels of public debt, and the intense capital needs of the AI boom creating inflationary pressure all around the world. Today we speak with Gopinath about the seeming disconnect between stocks and bonds and why investors may be wrong to assume that governments will have their back the next time there's a major shock. (Source: Bloomberg)
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Taiwan Brokerages Seek $1.4 Billion of Loans, Adding to Rush
Bloomberg Technology 29 May 2026, 6:06amThree Taiwanese securities firms are seeking around $1.4 billion of new loans, according to people familiar with the matter, adding to a rush of recent fundraising as a stock market boom stokes demand for financial services.
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Former SocGen Chair says Bank's Governance is 'Best in Class'
Bloomberg Technology 29 May 2026, 12:03pmThe former Chair of Société Générale, Lorenzo Bini Smaghi, has stepped down after more than a decade at the helm. Bini Smaghi says he leaves the lender with 'best in class' governance and a share price 60% higher than when he joined. But he added that the restructuring is not fully over and there are big deals to come. Bini Smaghi joined Lizzy Burden on 'The Pulse'. (Source: Bloomberg)
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SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026
Bloomberg Technology 29 May 2026, 5:29pmBloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant's outlook far surpassed Wall Street estimates. (Source: Bloomberg)