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US Services Sector Expands as Price Gauge Jumps
The Institute for Supply Management's services index rose 1.3 points to 55.4, the highest level since February. That exceeded the median estimate in a Bloomberg survey of economists. Michael McKee...
Elliott Builds Deutsche Telekom Stake, Opposes T-Mobile Merger
Elliott Investment Management has built a sizeable stake in Deutsche Telekom and indicated the German telecommunications giant should ditch a potential merger with its American arm T-Mobile US,...
Blackstone's BCRED Limits Redemptions Again
Blackstone limited redemptions from its Blackstone Private Credit Fund to 5% after investors sought to pull shares. Swetha Gopinath has more on Bloomberg Open Interest. ...
Waller Says August CPI Is Key to a Rate Decision
Federal Reserve Governor Christopher Waller said his next decision on interest rates will be heavily influenced by August inflation data due next week. Waller says if inflation comes in hot, he'd...
Germany's Blessing on Economy, Banking Consolidation, Energy Prices
Martin Blessing, who is German Chancellor Friedrich Merz's personal representative for investments, discusses the economy, banking consolidation and the surge in energy costs ahead of the European...
Two Key Reasons Yen Is Suddenly Surging: 3-Minutes MLIV
Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on Bloomberg: The Opening Trade. ...
NBA Suspends Clippers Owner Ballmer After Leonard Salary Probe
The NBA stripped the Los Angeles Clippers of five first-round draft picks and suspended owner Steve Ballmer for one year after finding the team had circumvented salary cap rules by facilitating...
Shaquille O'Neal Kicks off College Tour on Credit
Shaquille O'Neal, 15-time NBA All-Star, joins Romaine Bostick on 'The Close' to discuss his 'Credit Tip Off Tour' with Credit One Bank to educate students about building credit. He also gets into...
Stocks Rebound as Oil Prices Stay Elevated | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Lisa Mateo, and Tim Stenovec. ...
Anthropic's Mega-IPO Plan Looms Over IPO Market
Anthropic's IPO is casting a long shadow over companies' US listing plans, as they try to find room for their deals to grab attention after the Sept. 7 Labor Day holiday. Scarlet Fu reports on...
S&P Weighs Multibillion-Dollar Spinout of Data Unit CapIQ
Bloomberg's Liana Baker joins Dani Burger on Bloomberg Deals. S&P Global is considering spinning out its flagship data and research platform Capital IQ Pro, in a move that could create a...
Expect Three To Five Multitrillion Dollar AI Cos.: DJ Deb
DJ Deb, co-founder and CEO of Francisco Partners, joins Dani Burger on Bloomberg Deals. They discuss the fallout from the stress around software companies, and the money backing the numerous firms...
Lutnick Makes the Case for American AI Tech
US Commerce Secretary Howard Lutnick calls on other countries to utilize US artificial intelligence technology during an interview with Joe Mathieu at the G20 Innovation Ministerial in Chapel Hill,...
Ouster's Physical AI Push
Ouster's technology gives machines the ability to see and navigate the world around them helping drive the rise of physical AI.The company is expanding into drone mapping through a partnership...
Expect to See a Lot More Humanoid Robots Soon: Barclays
Humanoid robots are moving out of the lab and into the real world, with deployments expected to surge in the years ahead. Zornitsa Todorova, head of Thematic FICC Research at Barclays, says the...
Dell Rises on Sales Outlook Boost
Dell raised its outlook for a fifth straight quarter as demand for AI and traditional servers continues to surge. Portia Capital Management President Michelle Connell explains why she sees more...
Stocks, Bonds Bounce as Oil Halts War-Fueled Rally
A pullback in oil prices brought some relief to traders worried about inflation, with stocks and bonds bouncing after recent losses. Sebastien Page, CIO and Head: Global Multi-Asset at T. Rowe...
Rockefeller Capital's Fleming Sees AI Driving Economic Optimism
Rockefeller Capital Management President and CEO Greg Fleming says the broader economy has reasons for optimism, led by artificial intelligence. Speaking on Bloomberg Open Interest, Fleming also...
Warsh's Data Dashboard for Reading the US Economy
Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into...
Uber Cuts Jobs; Dell Raises Revenue Forecast | Stock Movers
On this episode of Stock Movers: - Uber Technologies is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating...
Under Attack, Fair Isaac Defends Its Monopoly
A 5% Treasury Yield Changes the Argument
Copper turns a deeper red to start the week
Rate hikes are a no-brainer for central banks
When markets panic over AI… then backtrack
Real estate: Americans are now borrowing at 6.85% for 30 years
The yen flexes its muscle, lifted by the BOJ and short covering
Prysmian: from cable maker to architect of global electrification
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