Bloomberg News and Videos — Page 239

Wall Street Host David Westin breaks down why the auto industry may want Washington to leave USMCA mostly intact. While Trump is focused on trade deficits and tougher rules, automakers are more worried about uncertainty, long-term investment and China's growing role in North American supply chains.

BlackBerry CEO John Giamatteo discusses the company's evolution into a software and infrastructure player, centered on its QNX operating system. He highlights that QNX now powers over 275 million vehicles globally and is increasingly used in robotics, medical devices and industrial automation. Giamatteo speaks with Bloomberg's Dani Burger and Alpine Saxon Woods Chief Market Strategist Sarah Hunt on "Bloomberg Open Interest."

Another burst of selling pummeled chipmakers, whipsawing stocks once again amid concerns over whether vast investments in artificial intelligence will justify the industry's hefty valuations. Virginie Maisonneuve, Founder at Maisonneuve Global Advisors, discusses the current AI narrative as investors continue to show jitters around high-flying tech stocks.

US consumer sentiment rose in June as lower gasoline prices provided some relief for Americans grappling with high inflation. Lauren Saidel-Baker, Economist at ITR Economics, discusses the outlook for consumer spending and the path forward for the Fed as inflation concerns reign.

On this episode of Stock Movers with Alexis Christoforous: - US chipmaker Onsemi (ON) has agreed to buy Synaptics (SYNA), a firm that specializes in semiconductors for smart devices, in an all-stock deal that values the company at about $6.2 billion. - Rocket Lab (RKLB) shares rise as the space firm says NASA selected it to provide three Electron launches for two missions, PolSIR and TSIS-2, from early 2027. - Microsoft (MSFT) shares are down, with the software giant extending a recent selloff. The stock is down more than 20% this month, putting it on track for its biggest one-month percentage drop since December 2000

Anastasia Amoroso, chief investment strategist at Partners Group, discusses the recent volatility in tech stocks with Dani Burger on "Bloomberg Open Interest."

Oil resumed its decline and headed for the biggest weekly drop in a month after transits through the Strait of Hormuz accelerated following an attack on a cargo ship. Tyler Kendall reports on Bloomberg Television.

The global economy will see $1 trillion of losses per year by 2050 if we don't adapt to changing climate patterns says Sarah Kapnick, Global Head of Climate Advisory at JPMorgan. She sees this leading to a 'structural investment trend' which will see more investment in the power grid and energy transition, especially geothermal and nuclear energy. She spoke to Bloomberg's Lizzy Burden on "The Pulse."

Cameron Dawson, CIO at NewEdge Wealth, says the "huge surge in leverage" seen across markets "in order to chase the rally" is beginning to contribute to volatility.

SoftBank Group's stock tumbled the most since August 2024 after reports that OpenAI may hold off on an initial public offering until next year, delaying returns for its Japanese backer. Neil Campling reports on Bloomberg Television.