Iranian state television reported that Iran conducted its first military exercise since the end of its 12-day conflict with Israel. Iranian navy ships launched missiles at sea targets in the Gulf of Oman and the Indian Ocean.
Swiss elected officials and economic representatives, gathered by the CVCI, emphasized the necessity of bilateral agreements with the European Union. This position comes as Swiss exports to the United States are penalized by a 39% rate imposed by the Trump administration, the highest for advanced economies.
Prime Minister Benjamin Netanyahu stated that Israel would begin immediate negotiations for the release of all hostages held in Gaza and the end of the war, under conditions acceptable to Israel. He also met with commanders to approve plans for capturing Gaza City and defeating Hamas.
A referendum is being considered to restart a 40-year-old nuclear power plant in Taiwan. This initiative addresses growing concerns about energy security and rising electricity costs, exacerbated by high demand related to artificial intelligence and tensions with China.
Markets are adjusting their forecasts regarding the monetary policy of the Federal Reserve, as attention turns to Chairman Jerome Powell's imminent speech. This intervention is highly anticipated to clarify the future direction of interest rates and the Fed's economic strategy.
Bloomberg's Caroline Hyde discusses concerns about AI valuations as the Nasdaq 100 experiences its worst losing streak in five months. Thoma Bravo, through its Managing Partner Holden Spaht, discusses the planned $12.3 billion acquisition of Dayforce. Google integrates AI at the heart of its new Pixel devices.
An 18-story office tower, located near Hudson Yards in Manhattan, was sold at a price significantly lower than its 2018 acquisition cost, according to a source close to the matter. This transaction highlights the current challenges in the commercial real estate market.
The Commodity Futures Trading Commission (CFTC) is facing staff reductions and a climate of chaos, resentment, and paranoia. This situation arises as the agency prepares to assume significant new responsibilities in a booming cryptocurrency market.
A spring wheat futures contract, traded for over 140 years, maintains its position against a new product launched by CME Group. This confrontation takes place in a specific segment of agricultural futures markets, where the historic contract demonstrates its resilience against its giant rival.
Bloomberg's Caroline Hyde discusses concerns about AI valuations as the Nasdaq 100 experiences its worst losing streak in five months. Holden Spaht, Managing Partner at Thoma Bravo, discusses the planned $12.3 billion acquisition of Dayforce. Google integrates AI at the heart of its new Pixel devices.
Federal Housing Finance Agency Director Bill Pulte stated that his reporting of Federal Reserve Governor Lisa Cook for alleged mortgage fraud is part of a broader crackdown. He mentioned a partnership with Palantir at Fannie Mae to intensify the search for fraud, following his request for an investigation from Attorney General Pam Bondi.
The S&P 500 closed lower, interrupting a six-session winning streak, as US markets anticipate the Federal Reserve's upcoming announcement. This comprehensive coverage was broadcast on Bloomberg platforms.
The U.S. Supreme Court has authorized the Trump administration to reduce hundreds of millions of dollars in NIH medical research grants. This decision follows the government's argument that these funds do not align with presidential policies.
Comprehensive analysis of the US market close on Bloomberg Television, Bloomberg Radio, and YouTube. This daily broadcast provides in-depth coverage of market movements and economic factors influencing investors, especially ahead of important Federal Reserve announcements.
Zoom Communications has raised its annual revenue and profit forecasts, banking on hybrid work trends and the integration of AI into its products. This announcement led to a 4.5% rise in its shares after closing, signaling increased confidence in its technology strategy.
Cracker Barrel Old Country Store's stock fell by 15% after its logo modification, which sparked a strong conservative reaction on social media. This change led to comparisons with the Bud Light controversy, impacting the company's stock market performance.
Chilean President Gabriel Boric has appointed Nicolas Grau, a long-time ally, as Minister of Finance. This appointment comes after the resignation of the cabinet's most market-friendly member, marking a potential shift in the country's economic direction.
US markets closed slightly down on Thursday, pausing after recent records. Investors are now turning to the Jackson Hole symposium, where the speech by Federal Reserve Chairman Jerome Powell is highly anticipated to guide the markets.
This Bloomberg financial bulletin discusses the agreement between NBCU and MLB, the latest market news, Cracker Barrel's new logo, Chipotle's drone delivery, and the Muppets in Manhattan.
US markets closed lower, with stocks falling and bond yields rising. A strong manufacturing report raised inflation concerns, reducing expectations for rate cuts. Walmart Inc. fell 4.5% after disappointing results. Attention is focused on Jerome Powell's speech at Jackson Hole.
Markets are anticipating Jerome Powell's speech at Jackson Hole, with analyses on its potential impact. Concurrently, Cava's sales slowdown and consumption trends are being examined by CFO Tricia Tolivar. Rare earth production is also discussed.
A senior official at the United States Department of Justice has affirmed that the mere act of writing computer code, even if it can be used for illegal purposes by others, does not constitute a crime in itself if the initial intent is not malicious. This statement aims to reassure developers.
The Auchan group has revealed that it suffered a cybermalicious act, resulting in the theft of hundreds of thousands of customer data. The stolen information includes first names, last names, email and postal addresses, phone numbers, and loyalty card numbers. The incident was brought under control by the company.
U.S. Treasury bonds retreated as expectations for a September rate cut diminish ahead of the Jackson Hole symposium. Cleveland Fed President Beth Hammack expressed her opposition to a rate cut, citing inflation. The speech by Fed Chair Jerome Powell is highly anticipated.
Federal Housing Finance Agency Director Bill Pulte discusses the investigation into Federal Reserve Governor Lisa Cook and the implications of mortgage fraud allegations for the future of the Fed. He is joined by Bloomberg's Romaine Bostick and Scarlet Fu.
Robert Kaplan, Vice Chairman of Goldman Sachs and former President of the Dallas Fed, analyzes Jerome Powell's speech at Jackson Hole. He also addresses the independence of the Federal Reserve, particularly following allegations concerning Lisa Cook. He speaks with Romaine Bostick and Scarlet Fu of Bloomberg.
Federal Housing Finance Agency (FHFA) Director Bill Pulte indicated that his reporting of Federal Reserve Governor Lisa Cook for alleged mortgage fraud is part of a broader offensive against this type of offense. This statement underscores an intensification of regulatory efforts.
Robert Kaplan, former Dallas Fed President and Vice Chairman at Goldman Sachs, warned that if the Federal Reserve cuts rates in September, it would not necessarily mark the beginning of a cutting cycle. He also mentioned President Donald Trump's call for the resignation of Lisa Cook, Fed Governor.
Discount retailer Ross Stores Inc. saw its stock jump after projecting that inflation will drive more consumers to its discounted products, leading to sales growth beyond market forecasts.
According to Jonathan Levin, columnist at Bloomberg Opinion, US stocks, bonds, and the dollar continue to underperform their global counterparts, despite the recent stock market rebound. American exceptionalism is not back, suggesting persistent weakness in US assets.
Republican Representative Nicole Malliotakis of New York analyzes the implications of electoral redistricting in Texas for the rest of the country and New York's potential involvement in this conflict. She is interviewed by Tyler Kendall and Michael Shepard of Bloomberg.
Robert Kaplan, former president of the Federal Reserve Bank of Dallas and vice-chairman at Goldman Sachs, believes that a Fed rate cut in September might not initiate a cutting cycle. He also addresses President Donald Trump's call for the resignation of Lisa Cook, Federal Reserve Governor.
Tim Stenovec and Norah Mulinda discuss Jerome Powell's speech at Jackson Hole and its impact on the market. Tom Keene and Alli McCartney from UBS Wealth Management analyze the implications. Oliver Friesen from Guardian Metal Resources addresses rare earth production. Tricia Tolivar, CFO of Cava, discusses consumption trends in the face of slowing sales.
Tim Stenovec and Norah Mulinda discuss Jerome Powell's speech at Jackson Hole and its impact on the market. Tom Keene and Alli McCartney from UBS Wealth Management analyze the implications. Oliver Friesen from Guardian Metal Resources addresses rare earth production. Tricia Tolivar, CFO of Cava, discusses consumption trends in the face of slowing sales.
The S&P 500 index recorded its fifth consecutive day of decline, sitting approximately 1.5% below its all-time high. Walmart also saw its stock fall, awaiting statements from the Federal Reserve Chairman.
Intuit announced first-quarter revenue growth forecasts below analysts' expectations, signaling a moderate performance from its Mailchimp platform. This announcement led to a nearly 6% drop in the stock in after-hours trading.
Prime Minister Benjamin Netanyahu stated that Israel would begin ceasefire negotiations in Gaza to end the conflict. He also indicated that he was meeting with commanders to approve plans for taking Gaza City and defeating Hamas.
After British Steel, the Speciality Steel plant, owned by GFG Alliance, is threatened with closure. The British government intervenes to find a buyer and safeguard the steelmaking activity, highlighting the strategic importance of the sector for local employment and the national economy.
The Trump administration aims to eliminate artificial colors from food. Welch's has already spent ten years reformulating its fruit snacks. This podcast explores the challenges for American food companies facing this rapid transition, as illustrated by Welch's example.
Sarah Friar, OpenAI's Chief Financial Officer, has raised the future possibility for the company to commercialize its excess AI infrastructure. Currently, OpenAI continues to invest heavily to develop its own capabilities and meet its growing internal needs, according to a statement reported by Bloomberg.
The AI startup Runway, already influential in Hollywood, is launching into the video game industry. It aims to develop tools capable of generating game elements in real time, marking a new stage in the application of artificial intelligence to digital entertainment.
US investors adopted a wait-and-see approach, leading to a market decline, ahead of Federal Reserve Chair Jerome Powell's speech in Jackson Hole. This address is highly anticipated for clarifications on the Federal Reserve's interest rate policy.
Tricia Tolivar, CFO of Cava, detailed the fast-casual chain's strategy to maintain customer engagement in the face of slowing spending. The company plans renovations of its establishments and the introduction of new trendy items to boost foot traffic.
CME Group Inc. and FanDuel are considering collaborating to enter the sports betting market. This alliance would allow the stock exchange operator to broaden its audience, marking a potential expansion of its activities beyond traditional financial markets.
Cava CFO Tricia Tolivar explains the fast-casual chain's strategy to maintain customer engagement in the face of slowing spending. Restaurant renovations and trending items are key elements. The fast-casual sector is impacted by inflation and the economic slowdown in the USA, while casual dining shows robust growth.
Federal Housing Finance Agency Director Bill Pulte raised the possibility of a Department of Justice investigation into Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. The discussion took place on "Bloomberg The Close."
Major Wall Street indices closed lower, with investors adopting a wait-and-see approach ahead of the Jackson Hole symposium. Markets are holding their breath for potential monetary policy announcements, particularly from the US Federal Reserve.
According to Carolina Milanesi, an analyst at Creative Strategies, Google's focus on artificial intelligence makes its new Pixel devices attractive to a wide range of users. This strategy aims to improve the user experience through innovative features.
Carolina Milanesi, President and Principal Analyst at Creative Strategies, believes that Google's focus on artificial intelligence makes its new devices attractive to a wide range of users. She spoke on this topic during the "Bloomberg Tech" show.
JP Morgan reaffirmed its 'underweight' position on Ahold Delhaize shares, with an unchanged price target of EUR 27.00. This decision reflects a cautious outlook from the investment bank regarding the future performance of the retail company.
