Bloomberg

Gap reported fourth-quarter sales and profit that came in slightly below expectations, as two of its apparel chains underperformed. But CEO Richard Dickson says it was a successful quarter and they have a "fantastic transformation story" to tell. He speaks to Bloomberg's Lisa Abramowicz.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Federal Reserve Bank of Cleveland President Beth Hammack said interest rates could be on hold for quite some time as inflation comes down and the labor market stabilizes further. She says the economy is in a reasonably good place. She speaks to Bloomberg's Michael McKee in New York.

Cleveland Fed President Beth Hammack expects interest rates to be on hold for quite some time. She speaks to Bloomberg's Michael McKee in New York.

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs. Ed Ludlow helped break the story and explains.

Janet Rilling, senior portfolio manager and the head of the Plus Fixed Income team at Allspring Global, joins Caroline Hyde and Isabelle Lee on "Bloomberg Real Yield." They discussed the growing chorus of energy executives and traders is warning that every day the Iran War rages on is bringing the world closer to crisis point with several predicting $100 oil within days.

Retired Army General Wesley Clark said the US-Israel offensive against Iran is off to a good start, but there's a lot more that needs to be done to isolate targets and the campaign is a "long way from being over." Clark said that the scope of the conflict makes it important to keep diplomatic lines of communication open, in the event that Iran wants to meet US objectives and "cry uncle."

The conflict in Iran is underscoring the risks of building data centers in the Gulf region, says Sam Winter-Levy, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It's the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human workers hasn't turned up yet. Gimble joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Brent crude futures hit $90 a barrel for the first time since October 2023 as war rages on in the Middle East. Ship traffic through the Strait of Hormuz has practically stopped. Some traders warn oil could top $100. Mike McGlone of Bloomberg Intelligence has more.