Bloomberg News and Videos — Page 481

Five of the biggest US banks reported second-quarter results, with some setting records. Bloomberg Intelligence's Herman Chan breaks down what's driven the boom.

India's quick commerce billionaire Deepinder Goyal is planning to launch his first product after stepping back from the empire he led for 18 years. Goyal says Temple, a wearable device worn on the side of the forehead, will retail for about one-thousand U-S dollars. The founder of Eternal Limited, which counts quick delivery apps Zomato and Blinkit under its umbrella, spoke with Bloomberg's Haslinda Amin in an exclusive interview at his private residence in New Delhi.

PJM Interconnection LLC said its auction to procure power for the year starting June 2028 fell 6.8 gigawatts short of what it will need to guarantee system reliability during demand spikes, according to a statement. Will Wade has more on "Bloomberg The Close."

Kerala Chief Minister VD Satheesan says that the Indian state remains committed to Adani's Vizhinam port project. Satheesan spoke exclusively to Bloomberg's Unni Krishnan on the state's upcoming investment opportunities, the silver economy and more.

Sotheby's Chief Executive Officer Charles Stewart says demand for luxury items has been very strong. He says a highlight was the sale of a Tyrannosaurus Rex skeleton named Gus that went for $50.1 million on Tuesday. Bidding lasted about 10 minutes. Stewart speaks on "Bloomberg The Close."

Bank of England Governor Andrew Bailey says Britain needs to prioritize economic growth during his speech at the annual Mansion House dinner in London.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Kalshi Inc. has created a tool that plots the future price of computing power, joining the ranks of exchange and index operators attempting to build markets around the commodity powering artificial intelligence. Udesh Jha, Chief Risk Officer, at Kalshi joined Bloomberg Businessweek Daily alongside Bloomberg News Finance Reporter Katherine Doherty to discuss the future of prediction markets.

Strategy Inc. has increased its cash reserves to $3 billion following a recent stock sale, allowing the company to temporarily halt Bitcoin sales between July 6 and July 12. Phong Le, Strategy President & CEO, explained that the company has evolved from a Bitcoin treasury firm into a comprehensive digital capital platform, currently holding over 840,000 Bitcoin. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Chipotle is heading to Mexico, betting its American brand can win over consumers with its Mexican-inspired food. Chipotle CEO Scott Boatwright joins Bloomberg's The Close to discuss the restaurant chain's expansion plans.