Meta Platforms Inc. has tapped MongoDB Inc.'s president and chief executive officer, Chirantan "CJ" Desai, to lead a new AI platform for enterprise customers. Bloomberg's Seth Fiegerman reports.
The multifamily, industrial and office sectors are likely to set this year's pace for global real estate capital flows while AI fuels the surge in data center transaction volume. Rick Romano, Head of Global Real Estate Securities at PGIM Real Estate breaks down his outlook for the market.
Nvidia increased the size of its share buyback plan by $150 billion, taking the total remaining authorized amount to $235 billion. Ryan Vlastelica has more on "Bloomberg Open Interest."
A stalemate between the US and Iran boosted oil prices, dragging down stocks and bonds on concerns that elevated energy costs could fuel inflation and trigger further Federal Reserve rate hikes. Drew Matus, Chief Market Strategist at Metlife Investment Management, discusses his market outlook.
On this episode of Stock Movers: - Nvidia (NVDA) shares are up after the board of the leader in AI chips authorized an additional $150 billion under the company's existing share-repurchase program. The move increases the total remaining amount authorized to $235 billion. - Australia's Northern Star Resources Ltd. rejected a takeover approach from South African rival Gold Fields Ltd. that could have created the second-largest gold miner, saying the A$38.7 billion ($27.1 billion) cash-and-shares offer undervalued its business. - Roblox (RBLX) was cut to underperform from hold at Jefferies, which said the stock's 30% rally since the gaming company's second-quarter results in July reflects an overly optimistic view of bookings for the next 12 months.
Akamai Technologies co-founder and CEO Tom Leighton discusses the company's seven-year, $12 billion AI computing supply agreement with Anthropic and its broader AI strategy with Dani Burger on "Bloomberg Open Interest."
Elon Musk's SpaceX launched its massive Starship rocket Monday morning on its first orbital flight test. This rocket is carrying 26 satellites that are to be deployed into orbit. This is the launch from the Starbase facility in South Texas.
UK Chancellor of the Exchequer John Healey speaks about the artificial intelligence boom and its impact on the economy, calling the technology "the greatest innovation of our time." Addressing the Labour Party conference in Liverpool, Healey adds: "We will make sure that Britain wins in this AI revolution."
Aneeka Gupta, WisdomTree Director of Macroeconomic Research, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss expectations for higher and prolonged uncertainty reflected in the bond market.
"The prime minister and I are united in meeting the fiscal rules," UK Chancellor of the Exchequer John Healey says in his address to the Labour Party conference in Liverpool. He adds that fiscal discipline will be at the center of the budget he will deliver in late October, which marks a high-stakes moment for both Healey and Prime Minister Andy Burnham.
