Bloomberg News and Videos — Page 779

Meredith Whitney, the CEO of Meredith Whitney Advisory Group, breaks down the illusion of a strong US consumer, revealing a widening gap between wealthy spenders and struggling households. She explains how government stimulus is temporarily masking deeper cracks, and why the economy could face a sharp reality check after the election.

Shell is entering an 'inflection point' according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company's latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

True Anomaly has closed a $650 million Series D funding round valuing the company at $2.2 billion. The space startup is among a dozen companies recently named to work on interceptors for the Golden Dome missile defense shield. True Anomaly CEO Even Rogers joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

President Donald Trump praised the "cherished" bond between the US and UK as he hosted King Charles III at the White House on Tuesday.

A jury has been selected for the trial between OpenAI firm and Elon Musk, who claims the company abandoned its founding mission as a non-profit. Bloomberg Opinion columnist Dave Lee discusses the impact the case is having on OpenAI's plans to go public. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Speaking with Bloomberg's Francine Lacqua at the Norges Bank Conference in Oslo, Formula 1 Chief Executive Officer Stefano Domenicali talks about the possibility of adding more races in the US. He says the demand from fans is very high. He also says it may only be possible to reschedule one of two races in the Middle East that were canceled earlier this season.

Late night host Jimmy Kimmel is defending a joke he made that caused President Donald Trump to say Walt Disney's ABC should fire him. Kimmel said on Monday night's show that he Trump both have a "right to free speech." Bloomberg's Lucas Shaw reports.

The United Arab Emirates is leaving OPEC on May 1, dealing a blow to the group and its leader Saudi Arabia. UAE Energy Minister Suhail Al Mazrouei tells Bloomberg's Joumanna Bercetche that the timing is right because of the war in Iran. Bercetche spoke to him on the phone and she reports on "Bloomberg Open Interest."

Lindsey Piegza, Chief Economist at Stifel, discusses the US economic backdrop as consumers maneuver around war-driven, high energy prices. US consumer confidence unexpectedly edged up in April to the highest this year as Americans grew more hopeful about the outlook for the labor market.    The Conference Board's gauge increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. A measure of expectations for the next six months climbed in April, while a gauge of present conditions ticked lower.  The improvement in confidence, despite broader concerns tied to higher costs and war in the Middle East, may reflect a fragile ceasefire between the US and Iran and signs of stabilization in the labor market. Hiring rebounded in March and more recent data point to limited layoffs.

The Conference Board's gauge of US consumer confidence increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. Mike McKee reports on "Bloomberg Open Interest."