Bloomberg News and Videos — Page 259

Andy Burnham is under pressure to outline an economic plan for the UK following his sudden and spectacular rise toward the pinnacle of British politics. Bloomberg understands the Labour leadership hopeful will give a set-piece speech on the economy next week as he seeks to lay out his stall ahead of that contest. Former Bank of England Governor Mervyn King was asked by Caroline Hepker and Lizzy Burden how the potential next Prime Minister should be thinking about the economy.

Jayati Bharadwaj, head of FX strategy at TD Securities, discusses the potential for yen intervention as the currency trades near its weakest level in four decades against the dollar. She speaks on "Bloomberg Surveillance."

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, says earnings and price have simply caught up to each other in some of the Mag 7 stocks as he explains why he remains bullish amid a global tech selloff.

SoftBank founder Masayoshi Son predicted that the AI race will be clinched by computing resources on Earth as he said there's little merit to building data centers in space, as championed by Elon Musk. Neil Campling reports on Bloomberg Television.

Oracle Corp. reduced its workforce by a wider scale than previously known, cutting 21,000 employees in the past 12 months. The reductions include jobs that were eliminated by the use of artificial intelligence. Neil Campling reports on Bloomberg Television.

Less than two weeks after the year's most hotly anticipated IPO, investors are questioning the remaining upside of a company that seeks to raise billions in investor-grade debt as the AI trade stalls and other major offerings from OpenAI and Anthropic loom. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."

Ludovic Subran, chief investment officer and chief economist at Allianz, discusses the outlook for technology stocks, inflation and central bank policy. He speaks on Bloomberg Television.

South Korean stocks tumbled from a record high as investors sold off chip heavyweights on renewed concern that the rally has become overstretched. The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange. Bloomberg's Neil Campling has the latest.

Oil steadied after falling more than 3% in previous sessions following early progress in peace talks over the Iran war. A US waiver allows some sales from Iran, offering them a crucial economic lifeline. Rachel Ziemba, Founder of Ziemba Insights spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the energy markets response to the US-Iran talks.

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