Bloomberg News and Videos — Page 149

Federal Reserve Bank of Cleveland President Beth Hammack says she's concerned that an "inflationary mindset" might set in during an event hosted by the bank.

The AI spending boom is showing no signs of slowing down, but as billions pour into models, chips and data centers, investors are asking where the biggest returns will actually be. Accel Partner Matt Weigand, who focuses on late-stage technology investments including AI infrastructure, says the AI boom is the biggest technology cycle Silicon Valley has seen. He also discusses why open-source AI can grow alongside frontier labs such as Anthropic and OpenAI and why trust and safety are becoming key considerations when Accel decides which AI founders to back. He joins Tim Stenovec on "Bloomberg Tech."

Julian Gewirtz, Harvard Belfer Center fellow and former senior director for China and Taiwan Affairs at the White House National Security Council during the Biden administration, says President Donald Trump's meeting with Xi Jinping delivered the positive optics Trump was seeking, but little visible progress on the major challenges dividing the US and China. He discusses unresolved tensions around trade, Iran, Russia, and Taiwan, as well as the intensifying AI race. He joins Tim Stenovec on "Bloomberg Tech."

US consumer sentiment fell in September to a four-month low amid worries about rising prices and the economy. Consumers expect prices to rise over the next year and saw costs rising at an annual rate over the next five to 10 years, the highest since May. "Despite political differences, consumers unanimously believe that the outlook for the economy has diminished," says Joanne Hsu, director of the survey, who joined Bloomberg Intelligence to discuss.

Japanese Prime Minister Sanae Takaichi is not a reflationist, her finance minister said, pushing back against investor concerns over the government's spending plans and its influence on the Bank of Japan. She spoke exclusively to Bloomberg TV's Shery Ahn in Tokyo

The final stretch of a jittery week on Wall Street saw a rebound in stocks as oil prices fell, easing a selloff in bonds that had roiled financial markets around the world. Darius Dale, founder and CEO at 42 Macro gives his outlook on equities and the fading bond selloff.

Winners Alliance CEO Ahmad Nassar joins Bloomberg Open Interest to explain why professional tennis needs wholesale reform. He says the sport remains too fragmented, and he explains how pooling player rights can unlock new commercial opportunities.

Anna Paglia, Executive Vice President and Chief Business Officer at State Street Investment Management joined Bloomberg Open Interest to break down the ETF boom, explaining why retail investors now account for a much larger share of the market. She also sounds the alarm on the gamification of investing and explains why State Street believes investment-grade private credit can become a lasting part of investors' core portfolios.

On this episode of Stock Movers: - Akamai Technologies (AKAM) shares soar after the cloud provider inked a seven-year $11.6 billion deal to provide computing power to Anthropic. Analysts say the deal should boost Akamai's growth and its profitability profile looks attractive, given the contract is entirely focused on CPUs. - People (PPLI) shares jump on a report that MGM Resorts is discussing making a bid to purchase the Barry Diller-owned media giant. - Costco Wholesale (COST) quarterly profits surpassed Wall Street's estimates after the company recorded a benefit related to tariff refunds.

US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television.