Bloomberg News and Videos — Page 175

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.

Kalshi Inc. has created a tool that plots the future price of computing power, joining the ranks of exchange and index operators attempting to build markets around the commodity powering artificial intelligence. Udesh Jha, Chief Risk Officer, at Kalshi joined Bloomberg Businessweek Daily alongside Bloomberg News Finance Reporter Katherine Doherty to discuss the future of prediction markets.

Strategy Inc. has increased its cash reserves to $3 billion following a recent stock sale, allowing the company to temporarily halt Bitcoin sales between July 6 and July 12. Phong Le, Strategy President & CEO, explained that the company has evolved from a Bitcoin treasury firm into a comprehensive digital capital platform, currently holding over 840,000 Bitcoin. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Chipotle is heading to Mexico, betting its American brand can win over consumers with its Mexican-inspired food. Chipotle CEO Scott Boatwright joins Bloomberg's The Close to discuss the restaurant chain's expansion plans.

Federal Reserve Vice Chair for Supervision Michelle Bowman says lenders should be allowed to decide when to adopt new technologies like AI during remarks at a conference on financial inclusion.

Wells Fargo CFO Mike Santomassimo discusses the bank's second-quarter earnings and the outlook for M&A on "Bloomberg The Close."

Lucid is working with restructuring advisers to turn around its struggling business, according to people familiar with the matter, sending the electric-vehicle maker's shares tumbling. Consultant AlixPartners has been engaged to examine all aspects of Lucid's operations, according to the people, who were not authorized to discuss the matter. The carmaker is aiming to optimize its business, cut costs and ensure that the rollout of a new mid-size vehicle is successful, the people said. Bloomberg's Ed Ludlow joins to discuss.

President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it. Bloomberg Economic's Jennifer Welch joins to discuss.

Rep. Troy Downing, Republican Congressman from Montana joined Balance of Power to discuss the recent news from the Middle East as well as the Kevin Warsh's recent hearing on Capitol Hill. He also discussed the housing bill that became law without Trump's signature after the president soured on the package of affordability provisions.

President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz, just one day after rolling out the fee, after US allies in the Gulf urged him to drop it. Trump spoke Tuesday in the Oval Office.