Bloomberg News and Videos — Page 140

While Alphabet showed booming Cloud revenue to justify its surging AI spending, Tesla asked investors for patience as its massive capital expenditure builds toward unproven long shots like robotaxis and robotics. Bloomberg's Ed Ludlow reports.

Carmen Lu, Partner at Paul, Weiss, Rifkind, Wharton & Garrison, joins Dani Burger on "Bloomberg Deals."

Tesla reports adjusted earnings of 33 cents a share for the second quarter. That was well short of the 51-cent average of analyst estimates compiled by Bloomberg. But sales were still strong. Jon McNeil of DVx Ventures shares his views with Romaine Bostick and Katie Greifeld on "Bloomberg The Close."

International Business Machines Corp. cut its full-year sales outlook, including for its software unit, after reporting a dip in demand for its mainframe business. Shares still rose after the closing bell. Anurag Rana of Bloomberg Intelligence has more on Big Blue's report.

Shaun Mathew, partner and head of shareholder activism and hostile takeover defense at Kirkland & Ellis, joins Dani Burger on "Bloomberg Deals."

- Tesla Inc.'s second-quarter earnings fell short of Wall Street's estimates, a setback for the electric-vehicle maker as it looks to build out new lines of business around robotics, autonomy and AI. Adjusted earnings per share were 33 cents in the period, the company said Wednesday in a statement. That's lower than the 51-cent average of analyst estimates compiled by Bloomberg. It also reported negative free cash flow of $1.09 billion.  Tesla Chief Executive Officer Elon Musk has warned spending this year will total more than $25 billion, and the company is looking to increase production of cars, batteries and robots across half a dozen plants as it follows his futuristic vision. The impact of that investment is now filtering through the company's financials, so investors will want more details.

Samsung Electronics America Senior Vice President of Mobile Product Management, Drew Blackard, discussed the company's launch of three new foldable phone models. The new lineup includes the all-new Z Fold 8, which expands Samsung's foldable family. He speaks with Katie Greifeld on "The Close."

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.

Bloomberg's Scarlet Fu reports on "Bloomberg Deals" about the number of activist campaigns during the first six months of 2026 increased 20% from the same period last year to 184, a record that is 38% above the five-year-average, according to a report by Lazard Inc. The jump was largely driven by campaigns in the U.S. and in the Asia-Pacific region Japan in particular while Europe saw a slowdown, Lazard found.

Jamie Turturici, head of TMT equity capital markets at Barclays, joins Dani Burger on "Bloomberg Deals." Moonshot AI is preparing to begin discussions in August on a final round of fundraising before listing in Hong Kong, capitalizing on the excitement around its latest model to raise capital at a valuation of as much as $50 billion.