Bloomberg News and Videos — Page 250

Jason Thomas, head of global research and investment strategy at Carlyle, discusses how US policies and the AI buildout are shaping markets. He notes nominal GDP growth is driven too heavily by inflation, and that the Federal Reserve's stance has shifted so much that simply holding rates steady now qualifies as dovish. Thomas speaks on "Bloomberg Open Interest."

On this episode of Stock Movers with Alexis Christoforous: - Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million. - FedEx (FDX) is dipping after it reported profit that beat Wall Street's expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts' expectations, due to "significant headwinds." - Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won't receive any proceeds from the sale of borrowed shares.

Gargi Chaudhuri, BlackRock's chief investment and portfolio strategist, Americas, says there are "tremendous" opportunities in the front-end and belly of the yield curve on "Bloomberg Open Interest."

OpenAI and Broadcom Inc. have developed a custom artificial intelligence chip called Jalapeno. OpenAI is now testing the samples. The companies say this chip can cut costs by 50%. Ed Ludlow reports.

Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance."

US President Donald Trump ordered the Department of Justice to look into gasoline prices, saying in a Truth Social post, "Prices better start going down a lot faster than what I'm seeing!" Tyler Kendall reports on Bloomberg Television.

Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim peace agreement and says analysts and investors "underappreciated the flexibility" in global oil markets during the conflict.

Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, discusses the importance of Wednesday's earnings from Micron Technologies, tech spending on capex and the AI buildout, and how he views public-private partnerships on AI companies.

SK Hynix Inc. is planning to raise $29.4 billion (45.45 trillion won) in a landmark US listing and expects trading to start on July 10, according to a regulatory filing on Wednesday. The deal, depending on the exchange rate, could be among the top five share sales of all time. Peter Elstrom reports on Bloomberg Television.

Abu Dhabi's MGX has raised close to $50 billion from regional and global investors, marking one of the biggest ever dedicated AI investment vehicles. Nandu Nair reports.