Next Big Risk asks three titans of the financial industry what they see coming in the next 5 to 10 years. Bloomberg’s Sonali Basak speaks with Founder and CEO of FTX Sam Bankman-Fried, former Goldman Sachs Chief Investment Strategist Abby Joseph Cohen, founder of Moelis and Company Ken Moelis about their biggest concerns, ranging from the next pandemic to deglobalization.
Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world.
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Paulina Cachero
Wealthy US homebuyers are charging in with all-cash purchases even as the broader housing market is slowed by rising mortgage rates.
Nearly one-third of homes sold in July were paid for entirely with cash, according to real estate brokerage Redfin. That share was up compared to last year and near the eight-year high reached in February. Cash offers have been more common during the pandemic housing frenzy, which has been marked by bidding wars for the limited inventory of available homes.
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