Bloomberg News and Videos — Page 108

Arlington, Texas, Mayor Jim Ross discusses the successful run for the World Cup in the Texas city, which hosted the most matches of any venue in the US, Canada and Mexico. He speaks with Bloomberg's Julie Fine.

Federal Reserve Chairman Kevin Warsh says there was much agreement among policymakers when it came to hard questions.

John Bozzella, president and CEO of Alliance for Automotive innovation, said that it is critical to have a trilateral trade agreement between the US, Canada and Mexico as a 'competitiveness platform' to compete with China in the automotive industry. Bozzella also discussed legislation to bar Chinese autos, saying that popular car company Mercedes would have to seek a waiver due to Chinese ownership stake.

Federal Reserve Chairman Kevin Warsh says the fight to bring down inflation has just begun. "Let me reiterate: there is no soft inflation target, there is no soft implicit target, not on this committee's watch," he said during a press conference in Washington. Warsh says "there's only a target, and it's 2%."

Moonshot's Kimi K3 has reignited debate over China's role in the AI race, but Beringea Chief Investment Officer Karen McCormick says the bigger story is the growing availability of cheaper, open-weight AI models. She joins Bloomberg to explain why lower-cost AI is helping startups build faster, forcing frontier model providers to stay competitive, and accelerating AI adoption across industries. She joins Ed Ludlow on "Bloomberg Tech."

SoFi posted record quarterly revenue and raised its full-year sales outlook. SoFi CEO Anthony Noto discusses why the company is keeping its earnings guidance unchanged, how AI is boosting engineering productivity and customer service, and why SoFi is continuing to invest for long-term growth despite shifting expectations for interest rates. Noto joins Ed Ludlow on "Bloomberg Tech."

More than 1,100 workers from top AI firms have signed a petition calling on the US government to help "deliberately pace" AI development. The letter's signatories include the CEO of Anthropic and the chief scientists from OpenAI and Meta Superintelligence Lab. Bloomberg's AI editor Seth Fiegerman joins Ed Ludlow on "Bloomberg Tech."

KPMG Chief Economist Diane Swonk says she expects a rate hike in September after the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave rates unchanged. She speaks on Bloomberg Television's "The Fed Decides."

Energy Secretary Chris Wright said that a new $100 billion data center campus built by NextEra energy and Brookfield will be powered by a nuclear and gas supply built on federal lands and will provide its own water. Wright also discussed the state of energy prices as the Iran war heats back up, and said it's not possible to forecast where gas prices will be by Labor Day.

Bob Michele, JPMorgan Asset Management's global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave rates unchanged. He speaks on Bloomberg Television's "The Fed Decides."