Yields Rise on Inflation Angst | Bloomberg Businessweek Daily 5/19/2026

Summary

The episode covers rising bond yields on inflation fears, the Las Vegas tourism landscape with a focus on high-end consumer spending, and the disruption of the diamond industry by lab-grown diamonds.

• U.S. 30-year yield hits highest since 2007 on inflation angst.
• Stocks decline as yields rise, with semiconductors showing strength.
• Discussion on Fed rate path and potential for further hikes.
• Las Vegas tourism normalizing after record years; high-end consumers still spending.
• Fontainebleau Development sees double-digit growth in premium hospitality.
• Lab-grown diamonds now account for over 50% of engagement rings.
• Lab-grown diamonds are 70% cheaper than mined diamonds with no chemical difference.
• Technology and sustainability challenges remain for lab-grown diamond production.