Bloomberg News and Videos — Page 240

Volkswagen is looking to cut tens of thousands of additional jobs and may shutter factories in a push by CEO Oliver Blume to make Europe's biggest automaker more competitive, according to a report in Manager Magazin. Bloomberg's Elisabeth Behrmann has more.

Christian Mueller-Glissmann, managing director for portfolio strategy and asset allocation at Goldman Sachs, discusses the tech selloff and why he thinks it could make sense to diversify away from semiconductor makers and lean more toward hyperscalers. "These are incredibly cyclical companies," Mueller-Glissmann tells Bloomberg Television. "So to some extent, it could make sense to diversify a bit away from them."

Johannesburg halted some essential services because it can't pay for fuel. The crisis adds to the financial woes of a metropolis of 4.8 million people, with the municipality mired in corruption scandals and unable to provide basic services. Bloomberg's Jennifer Zabasajja reports from Johannesburg.

Anna Edwards, Tom Mackenzie and Ven Ram break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

South Korean stocks were hit by a second trading suspension this week as chipmakers plunged, highlighting the market's sensitivity to swings in global artificial-intelligence sentiment. The benchmark Kospi extended losses after the Korea Exchange's 20 minute trading halt, falling as much as 9%. Bloomberg's Anthony Stephens reports.

Naples is leading a regional revival in Italy, fueled by European Union cash and investments in technology and infrastructure. The economy of the Campania region, where Naples is located, grew 0.9% last year, outstripping the 0.7% in Milan's province of Lombardy and well ahead of the 0.5% national average, according to Bank of Italy data. Bloomberg's Alessandra Migliaccio reports.

Grand Theft Auto VI's $79.99 launch price marks a new high for mainstream video games and signals a potential shift in industry pricing power. This segment examines how Rockstar's strategy could reshape revenue models and consumer expectations. Joost van Dreunen, NYU Stern Adjunct Assistant Professor and author of One Up: Creativity, Competition, and the Global Business of Video Games, joined Paul Allen on Insight with Haslinda Amin to discuss the implications.

Apple Inc. shares fell after it raised prices of all Macs, iPads, home devices and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage. The price increases are in effect globally and are largely unprecedented, with no equivalent in the company's modern history of sweeping hikes across much of its product line. Bloomberg's Neil Campling reports.

Micron's earnings numbers came at a delicate moment for the AI industry. Shares of chipmakers and other technology companies had been hammered in recent days on fears that a spending boom was faltering. Questions remain on whether the tech sector can mitigate the boom-and-bust cycles that have characterized the industry.

Myron Xie, AI supply chain research lead at SemiAnalysis, explains who, within Asia's hardware suppliers, are standing out as the winners in the market's surge in AI demand. He speaks with Shery Ahn on Bloomberg Tech: Asia.