Vanguard President and CIO Greg Davis said the CPI report was one data point for markets and the Federal Reserve to assess, while noting inflation remains above the Fed's 2% target and the Fed still has work to do. Davis said Vanguard generally expects one to two rate hikes over the coming months, depending on incoming data. He speaks with Romaine Bostick on "The Close."
Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco's headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that's threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence.
Apple is planning to launch Apple Intelligence in mainland China in December. This is a huge market for the company. Bloomberg's Mark Gurman broke the news and has more on "Bloomberg The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.
Nina Naydenova, head of FIG M&A for the Americas at Jefferies, and Elyse Reilly, partner at EY-Parthenon Financial Services, join Scarlet Fu on "Bloomberg Deals."
Nvidia Corp. Chief Executive Officer Jensen Huang says his company would stop selling chips to a customer that was developing unsafe AI software. He talks extensively about AI safety and how the industry is growing with Bloomberg's Emily Chang in London.
Bloomberg's Chris Palmeri joins Scarlet Fu on "Bloomberg Deals." Actress Reese Witherspoon is repurchasing her film and TV production company Hello Sunshine from Candle Media in partnership with Mediawan, according to a statement from the French entertainment firm.
Bloomberg's Daniela Sirtori joins Scarlet Fu on "Bloomberg Deals." Starbucks said it's not buying Chipotle Mexican Grill, tamping down speculation about what could have been one of the restaurant sector's largest-ever deals.
Bloomberg's Liana Baker joins Scarlet Fu on "Bloomberg Deals." Dating-app provider Bumble is in talks to be sold to upstart investment firm Ithaca Holdings for around $1 billion, according to people familiar with the matter.
Bank of America Corp. Chief Executive Officer Brian Moynihan addresses the $1.2 billion in fines levied against the company by the US government. He says the bank takes the fines seriously and there is accountability at the firm. He says costs associated with these fines are in the company "baseline." He speaks to Bloomberg's Jonathan Ferro.
