Bloomberg

The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran's nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution. Bloomberg's Laura Davison breaks down what we know.

Bloomberg News reporter Brody Ford says Dell's server business is helping the company's revenue benefit from the AI boom. Dell gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that power artificial intelligence work. Revenue in the fiscal year ending in January 2027 will be about $167 billion, including $60 billion from the sale of AI servers, the Texas-based company said Thursday in a statement.

Albert Douer, UBQ Chairman and CEO says his dream is for more countries to adopt his technology so trash becomes seen as something with value and plastic production can rely less on oil.

Pauline Brown, former chair of LVMH North America, joined the discussion to analyze the ongoing k-shaped economic recovery, particularly within the luxury retail sector. She highlighted that even among luxury brands, performance is diverging significantly. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Clayton Seigle, senior fellow at the Center for Strategic and International Studies, said that now that Iran has seen the extent of the leverage the Strait of Hormuz holds over the oil market and the global economy, Tehran is unlikely to cede the new authority even if the US and Iran are able to reach a deal.

Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC Alberto Musalem, St. Louis Federal Reserve president, said he expects new Federal Reserve Chair Kevin Warsh to consult with the full Federal Open Market Committee and then steer members to fulfill the Fed's dual mandate. Musalem, speaking to Stephanie Flanders at the Reykjavik economic conference, also said that while he is an AI optimist, it is a 'risky proposition' to rely on the possibility of productivity gains from AI to reduce inflation.

Hormel Foods reported adjusted earnings per share and organic sales for the second quarter that exceeded analyst expectations, driving a notable increase in its stock price. John Ghingo, President of Hormel Foods, discussed the company's ongoing turnaround plan and its positive impact on results. He speaks with Romaine Bostick and Katie Greifeld on "The Close."

Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI's value for the first time. Ed Ludlow reports on "Bloomberg The Close."

Dan Ives of Wedbush Securities talks about the AI space, earnings from Salesforce and Snowflake and if Tesla and SpaceX should merge. He speaks on Bloomberg Surveillance.

Zscaler CEO Jay Chaudry expects says the company's track record is 'very good' when it comes to revenue, and that Anthropic's Mythos has added 'fuel to the fire' on cybersecurity.. The security software company gave a fourth-quarter revenue forecast earlier this week that was weaker than expected. Evercore downgrades the stock, noting slowing net new customers.