Bloomberg News and Videos — Page 51

David Kelly, JPMorgan Asset Management's chief global strategist, sees a disinflation trend in the US stemming from lower tariff costs and oil eventually flowing out of the Strait of Hormuz. Speaking on "Bloomberg Surveillance," Kelly also says the Federal Reserve is on the wrong track signaling that they are going to communicate less.

The US consumer price index rose by 0.2% which was bang in line with forecasts. Prices rose by 2.5% from a year earlier, matching the slowest pace since March 2021. Energy, gas and grocery prices all fell on the month. This likely eases pressure on the Federal Reserve to raise interest rates. Michael McKee reports.

Ed Yardeni, president of Yardeni Research, says earnings are driving the markets higher. He talks about raising his year-end forecast for the S&P 500 from 8,250 to 8,400. He also talks about the artificial intelligence trade "Bloomberg Surveillance."

Andrew Hollenhorst, chief US economist at Citi, discusses the outlook for today's US inflation report. "If we get a cool reading again this month, and we think that we will, then you have more of a trend toward cooling inflation," Hollenhorst tells Bloomberg Television. "And that's just a very, very different story than what we've been hearing from some Fed officials."

Marc Seidner, CIO for non-traditional strategies at Pimco, discusses the outlook for inflation, the US economy and Federal Reserve policy. "We're much less fussed about about the inflation outlook on a forward-looking basis than I think many in the market," Seidner tells Bloomberg Television.

Norway's sovereign wealth fund delivered its strongest quarterly performance in six years, driven by its exposure to major technology companies including Nvidia Corp., Apple Inc., and Microsoft Corp. Additionally, the fund's CEO Nicolai Tangen highlighted the positive impact of Asian tech stocks on overall profits. Bloomberg'sHeidi Taksdal Skjeseth reports.

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

Asian stocks rose and US equity-index futures advanced as CoreWeave reported stronger-than-expected sales growth and Super Micro's revenue forecast topped estimates. Bloomberg's Neil Campling reports.

Abu Dhabi-listed Presight says 2Q profits jumped 30% on contract renewals and an expanding international footprint. Revenue for the same period jumped 36% to AED 713 million. Thomas Pramotedham, CEO of Presight spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the company's future plans.

Standard Chartered Group COO, Tanuj Kapilashrami, says AI is helping improve efficiency across banking operations while creating demand for new skills. She also believes India will continue to be a key growth hub for talent and technology. She spoke exclusively with Paul Allen on Insight with Haslinda Amin.