Meta Platforms Inc. shares fell after Chief Executive Officer Mark Zuckerberg told investors the company would bet even more aggressively on artificial intelligence. Meta Platforms Inc. is giving Mark Zuckerberg non-voting shares that he can sell to cover a tax bill without relinquishing control of Meta. Bloomberg's Mandeep Singh joins to discuss.
Credit markets are showing strain after years of tight spreads, as higher rates, a surge in AI-related borrowing, private-credit concerns and geopolitical risks converge. Pearlstone Alternative's Ivelina Green says credit is already in a bear market, with heavy AI debt supply adding pressure and a widening gap between credit and equity sentiment that may not last.
Many older Americans do not feel comfortable spending money on pleasure due to fear of outliving their savings. Costs are rising in almost every aspect of life, particularly healthcare, which eats up more of a retiree's budget as they age. Marta Norton, Chief Investment Strategist at Empower, discusses the market landscape and how the current workforce should invest for longevity when it comes to their retirement.
Monroe Capital CEO Ted Koenig says daily marks on illiquid private-credit assets create an illusion of precision, not accuracy. He discusses the deal slowdown, pressure on private-equity exits and why he's cautious about data centers and GPU lending.
- Shares of Procter & Gamble (PG) moved higher ahead of the US market open after the company's sales and profits beat Wall Street expectations. Organic revenue rose 4% in the first quarter, the fastest growth in three years. - Shares of Spotify (SPOT) rallied after results and forecast spoke to improving margin trends. Spotify reported that the service's paying subscribers increased 2% to hit 306 million in the third quarter, topping Wall Street estimates of 305.1 million. - Hermès (RMS FP) reported disappointing sales in the third quarter on sluggish demand in China. Their 41% slump so far this year puts them on track for the worst annual performance since the company listed in 1993. - Shares of Lam Research (LRCX) fell in premarket trading after the semiconductor capital equipment company gave a forecast for adjusted second-quarter earnings slightly weaker than expected.
Goldman Sachs Chief US Equity Strategist Ben Snider says concentration in the Magnificent Seven could amplify risk as macro pressures build. Earnings remain strong, but rising costs are weighing on results. Investors are looking to defensive sectors, while the next phase of the AI trade depends on proof that heavy investment can deliver returns.
AI demand is surging, but will massive spending pay off? JPMorgan Asset Management's Gabriela Santos discusses free cash flow, quality, and the shift from building AI infrastructure to adopting it and what that could mean for market winners, earnings and bonds.
Meta's core ad business remains strong, growing 26%, but investors are weighing lower margins, unclear 2027 spending guidance and potential share dilution. Analyst Michael Nathanson explains why he values Meta's core business at about $900 per share and why it's too early to count on Muse for additional upside.
Meta quietly created a new class of non-voting shares that could give Mark Zuckerberg billions in liquidity without weakening his control of the company. Bloomberg's Ed Ludlow explains the regulatory filings, Zuckerberg's concerns over California's proposed billionaire tax, and why Meta says the move is also about funding its massive AI ambitions.
American Airlines cut its full-year outlook for the third time in the past six months amid persistently high fuel prices. The carrier has warned it may need to further reduce flying if prices remain elevated. Siddharth Philip reports on Bloomberg Television.
