Bloomberg News and Videos — Page 103

Patrick McHenry, former Republican Congressman from North Carolina and former House Financial Services Committee Chairman, said that artificial intelligence stands to be a 'defining issue' in the midterms and 2028 presidential election, as parties and candidates debate policy around AI uses and regulation. McHenry also weighed in on the Senate fight over Trump's nominee for attorney general Todd Blanche, as retiring GOP senators John Cornyn and Thom Tillis hold up a key vote in the confirmation process.

Jersey Mike's CEO Charlie Morrison discusses the company's first day of trading, the cyclospora outbreak and customer demand with Dani Burger on Bloomberg Television.

Jane Harman, former California Democratic congresswoman, said the US war in Iran has made every country in the Middle East a target, even countries that have not yet been participants in the conflict. Harman said that the danger of the conflict spreading is 'huge' and the US defense industrial base may not be prepared to address conflicts worldwide.

Fighting between the US and Iran has resumed after a brief lull, with American strikes focused on military targets and Tehran-aligned forces targeting US partners in the region. Israel has so far remained outside the latest exchange of strikes following Prime Minister Benjamin Netanyahu's in-person talks with President Donald Trump. Bloomberg's Dan Williams reports from Washington, DC.

K2 Space has raised $500 million at a $6.8 billion valuation as investors continue pouring money into the fast-growing space industry. The startup, founded by former SpaceX engineer Neel Kunjur and his brother Karan, builds low-cost, high-power satellites for commercial and defense customers including the US Space Force, and says it has more than $1 billion in signed contracts. CEO Karan Kunjur explains how the new funding will help expand production as the company eyes future applications ranging from military missions to space-based AI data centers. He joins Ed Ludlow on "Bloomberg Tech."

Bloomberg's Michael McKee joins Scarlet Fu on "Bloomberg Real Yield" to discuss the Fed decision, the surge in long-end US Treasury yields and its effect on rates for consumers. US mortgage rates rose to a 12-month high due to climbing yields.

Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn't swiftly benefiting from its massive outlay on artificial intelligence. David Kirkpatrick, Founder of Techonomy joins Bloomberg Intelligence to recap Meta's earnings.

Kendra Scott CEO Chris Blakeslee joins Bloomberg Open Interest to explain why today's consumer is more selective, but still spending on meaningful purchases. He shares how experiential retail is driving growth, why fine jewelry is booming, and why AI should empower employees to deliver more human customer experiences.

Microsoft's blockbuster earnings sparked a major rally as TD Cowen's Derrick Wood joins Bloomberg TV to explain why this was the perfect "Goldilocks" quarter. From accelerating Azure growth and improving AI economics to surging Copilot adoption, here's why Wall Street believes Microsoft's AI story is getting even stronger.

Meta's AI spending is under intense scrutiny after a softer outlook. MoffettNathanson analyst Michael Nathanson explains why investors no longer want promises they want proof. Michael Nathanson joins Bloomberg Open Interest to break down Meta's unclear AI infrastructure strategy, the risk of massive capex, and why the company's metaverse history is making Wall Street far less patient this time. Correction: This video has been edited to update a graphic with correct analyst disclosures.