Elon Musk says combining SpaceX and Tesla makes sense. "There's a lot to be gained from cooperating on developing superintelligence software," he said during the SpaceX earnings webcast on Tuesday. Musk, who is chief executive officer of both companies, says he won't take part in any committee discussions about the idea.
SpaceX is building the means of production for intelligence, says Chad Anderson, CEO of Space Capital. Anderson, an early investor in SpaceX, explains why he sees the company as a modern version of the vertically integrated giants of the Industrial Revolution, how much room it has to grow, and how the neocloud, connectivity and AI segments all fit into the space business. He speaks with Ed Ludlow on "Bloomberg Tech."
Netflix is struggling to attract new subscribers and boost engagement as it tries to find its next big film or TV hit. Helena Wang, Phillips Securities research analyst, discusses how the streaming giant can find growth through new ad-backed offerings and why Netflix is pushing on TV, film, live events and sports all at once in order to be the first place for content people choose and the last subscription they cancel. She joins Ed Ludlow on "Bloomberg Tech."
Legendary Entertainment has revived talks and made a takeover offer for Lionsgate Studios Corp. according to people familiar with the matter. Lionsgate is the studio behind movies such as The Hunger Games and John Wick. Chris Palmeri reports.
United Airlines forecast weaker-than-expected earnings for the final three months of the year, underscoring how soaring jet fuel prices are eating into airline profits despite resilient demand for travel. Bloomberg's George Ferguson joins Bloomberg Intelligence to discuss.
A blockbuster earnings report from SpaceX spurred a rally in technology stocks, easing concerns over whether a global investment spree in artificial intelligence can prove sustainable. Aaron Kennon, Co-Founder & CEO at Clear Harbor Asset Management discusses the markets and the AI trade.
E-Commerce logistics provider Stord made its largest acquisition to date acquiring competitor AMS Fulfillment. The deal includes 10 warehouses, which will bring Stord's global network to over 100 locations. Sean Henry, CEO and founder of Stord discusses the deal as well as the overall outlook for the shipping and logistics space.
A wild card for US interest rates is the trajectory of the artificial-intelligence investment boom and its impact on stock market valuation. Julia Coronado, President and Founder of MacroPolicy Perspectives, discusses the US economy, wage growth, and the impact of AI on the inflation picture.
On this episode of Stock Movers: - Super Micro Computer (SMCI) jumped after reporting preliminary quarterly results that topped analysts' estimates. The server maker said sales will be $18.5 billion to $19.5 billion in the quarter that ended Sept. 30. Analysts, on average, estimated $15 billion, according to data compiled by Bloomberg. Gross margins will be in the range of 12% to 12.5%, Super Micro said Tuesday in a statement. - AT&T (T) shares fall after it reported third-quarter wireless postpaid phone net additions that missed the average analyst estimate. - Netflix (NFLX) reported its slowest sales jump in three years and forecast a fourth consecutive quarter of slowing growth, a projection that amplifies concerns about the performance of the world's leading online TV network.
The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country's fiscal outlook. Alice Gledhill has more on "Bloomberg Open Interest."
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