BlackRock CEO Larry Fink says delays in building data centers could raise computing costs and threaten economic growth as demand for artificial intelligence accelerates. "The faster we can build out more data centers, the more compute we have, the faster we can bring down the cost," Fink tells Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue.
Treasury yields edged higher as the recent bond rally lost some momentum. Bloomberg's strategists say longer term, they see yields reaching fresher highs as strong US growth, higher borrowing costs and rising government debt supply will keep pressure on Treasuries. Rufaro Chiriseri, Head of Fixed Income for UK and Europe at RBC Wealth Management spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa.
Deutsche Bank CEO Christian Sewing discusses market volatility, German economic reforms and the fiscal situation in France. Speaking to Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue, Sewing says fears of a AI bubble are not justified, but investors should expect increased volatility and higher rates due to ongoing geopolitical risks.
US Secretary of State Marco Rubio hopes to discuss Venezuelan crude in his meeting with Reliance Industries' Chairman Mukesh Ambani at Jamnagar in India's western state of Gujarat. "This is a company that has the capability to refine the heavy crude that's produced in the western hemisphere, including from Venezuela," he told reporters on Wednesday.
Marc Luet, Citi's Japan, Asia North and Australia Cluster Head, discusses his outlook for the bank's business in the region, and what he views are investment opportunities. He speaks with Haidi Stroud Watts on the sidelines of the Citi ANZ Investment Conference on "Bloomberg: The Asia Trade".
Sahra English, Head of US Government Affairs at Citi, discusses her outlook for US midterm elections. She speaks with Haidi Stroud Watts on the sidelines of the Citi ANZ Investment Conference on "Bloomberg: The Asia Trade".
Aloke Gupte, Global Co-Head of Equity Capital Markets at Citi, speaks on "Bloomberg The China Show" after his bank claimed top spot for global IPO underwriters for the year through September.
Looking past debut turbulence, Elice Group Chief Executive Officer Jae Won Kim aims to double revenue each year by exporting edge data center hardware and capturing sovereign AI contracts.
Detavio Samuels, CEO of Offscript Worldwide, says YouTube is a powerful discovery and audience-building platform, but creators can expand into other businesses and distribution channels. He says many creators earn roughly $3,000 $5,000 per million views, while Offscript helps more than 200 creators increase YouTube monetization sometimes doubling or tripling revenue and connect with major advertisers for sponsorships. He speaks with Romaine Bostick on "The Close."
Citadel founder and CEO Ken Griffin says the US has to "grow the damn economy." He says in order to do so, the US has to get Europe to grow its economy. He speaks to Bloomberg's Dani Burger at the Future of Global Markets Conference in New York.
