A big week of earnings results for some of the world's most influential companies has been underscored by the global AI infrastructure buildout, tightening supply chains and ongoing geopolitical uncertainty. The Opening Trade spoke to CEOs and corporate heavy weights to get clarity on their second-half outlook and whether they remain optimistic on returns from their AI investments.
A global rally in technology stocks gathered momentum as South Korean equities posted a record jump, with investors returning to the artificial intelligence trade after this week's rout.
Levi Strauss President & CEO Michelle Gass says Asia is a key growth engine in the company's ambition to hit $10 billion in annual revenue. Gass adds that India and Japan are fueling the growth in the region. She speaks with Paul Allen on "Insight with Haslinda Amin."
Migrants crossed into Ceuta, Spain, one of two direct land connections between Africa and Europe. It prompted the Spanish government to order an emergency military deployment.
The Bank of Japan kept its policy settings unchanged and nudged its economic growth forecast higher, signaling confidence that the economy remains on track for further policy normalization. Bloomberg's Shery Ahn has the latest.
Japan intervened in the currency market to bolster the yen, which sharply advanced as much as 3.3% versus the dollar in New York trading on Thursday. Bloomberg's Shery Ahn breaks down the developments.
Here's what we know so far about Anthropic's AI models breaching three organizations during cybersecurity tests which went awry.
Bryan Ma, Vice President of Devices Research at IDC, discusses Apple's latest earnings and the outlook for the broader consumer electronics market. He speaks with Shery Ahn on Bloomberg: The Asia Trade.
Jim Citrin, Chair, Global CEO Practice at Spencer Stuart, discusses the upcoming CEO transition at Apple as Tim Cook prepares to step down on September 1, with John Turner set to take over. Citrin emphasizes the critical importance and difficulty of CEO succession, especially at a company like Apple known for its excellence. He speaks with Romaine Bostick & Emily Graffeo on "The Close."
Apple stocks tumbled in late trading after component shortages weighed on the company's sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. It also gave a forecast that is weaker than expected, further hurting the stock in the after market. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman reacts to the mixed earnings report. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio
