Grand Theft Auto VI release is delayed until 2026, disappointing fans and investors. Bloomberg's Jason Schreier explains the reason for the GTA VI delay http://bloom.bg/43d6Uss
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Updates
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Roblox CEO David Baszucki says some developers are earning more from ads than through its Robux virtual currency. He joins “Bloomberg Technology” to talk about whether his company is recession-proof bloom.bg/42XfMB5
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In a discussion on tariffs, Oaktree Capital Management, L.P. Co-CEO Robert O’Leary says it's reasonable to assume we're in for higher, more volatile interest rates and as a consequence of that "we're in for more volatility in the credit markets" bloom.bg/4jW5cC1
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Bloomberg's Edward Ludlow and Caroline Hyde play the quiz game Pointed head-to-head to see who knows the news better. Can you beat their scores? Tap the link to play https://lnkd.in/eypYfyjG
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A close look at Vanguard’s pioneering role in passive investing through index funds. CEO Salim Ramji emphasizes staying true to the firm’s mission while evolving to meet client needs without chasing short-term trends. Watch at 6 p.m. ET bloom.bg/4jYhUQ3
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Bloomberg Television reposted this
When we found that meaningful financial aid from top U.S. colleges starts tapering off for folks who make $150,000 or more a year, we expected families attending public schools will be better off. But it's not that simple. For families with low or moderate income, public colleges give less help — and the price tag can still sting. One bright spot? Merit aid. If your child's an A student, they could get 30% more aid than their peers. Latest with Francesca Maglione & Paulina Cachero for Bloomberg News (🎁): https://lnkd.in/eHr4kD-P
Too rich for aid, not rich enough to afford the staggering sticker price. That's the struggle many American families face when applying to college. How much are families at different income levels expected to pay? And at what point do they need to stretch their finances to afford college? A Bloomberg News analysis using "net price calculators" for over 50 colleges found that the squeeze starts at about $150,000 of pre-tax household income, when families are expected to fork over roughly 20%, or about $30,000 annually, for tuition. At $270,000 of income families are expected to pay $61,000 a year. Most schools cut off financial aid at about $400,000 of income, according to the analysis. Ann Choi, Paulina Cachero and I report that in many cases, families that would be considered relatively well off are still struggling to find ways to pay for college out of pocket and keep their kids out of debt. “There are a substantial number of Americans that make too much money and don’t qualify for aid — these are people that are clawing their way up the socioeconomic ladder,” said Mark Salisbury, the chief executive officer of TuitionFit, a website that collects scholarship aid letters from students to provide pricing comparison. “They’re most likely to rationalize the high price of prestige and do whatever they can to attain it.” Thank you to Raeedah Wahid and Rachael Dottle for the amazing graphics, Dina Katgara for helping us crunch the numbers and to our editor Craig Giammona. Read more here: https://lnkd.in/ej9FUSUX
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President Trump believes his tariffs will make the US flush with cash, but there are nuances to his plan. Former US Trade Representative Susan Schwab doesn’t believe reciprocal tariffs are a means to an end, and doesn't "think we’ve ever had free trade." Watch tonight "Wall Street Week" tonight at 6 p.m. ET bloom.bg/4jVYKLj
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Former Treasury Secretary Lawrence H. Summers criticizes Treasury Secretary Bessent's call for the Fed to cut rates. Watch more of the conversation on "Wall Street Week," tonight at 6 p.m. ET http://bloom.bg/4jB7Yfs
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President Donald Trump said Harvard University would lose its tax-exempt status, stepping up his attack on the Ivy League school with a threat that was decried as out of his jurisdiction. Brooke Sutherland reports bloom.bg/3ED1Zb4
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Private credit fund investors are offloading stakes at significant discounts ahead of more potential pain for the US economy. Oaktree Capital Management, L.P. co-CEO Robert O’Leary says discounts are going as low as the "50 cent range" bloom.bg/3F0oczI