Bloomberg News and Videos — Page 803

Rivian's new R2 model has begun rolling off the manufacturing floor in Normal, Illinois, despite damage to the factory from a tornado over the weekend. The smaller, more affordable SUV is seen as crucial to driving profitability for the electric vehicle maker. Rivian CEO RJ Scaringe joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Revolut CEO and co-founder Nik Storonsky says the company didn't spend any money on marketing in its first five to seven years, relying entirely on word of mouth. He also discusses efforts to acquire a US banking license and Revolut's business today. This interview was recorded on April 14 at the Johns Hopkins Bloomberg Center in Washington, D.C.

Treasury Secretary Scott Bessent says that many Persian Gulf allies along with a number of Asian nations have requested foreign exchange swap lines with the US. He speaks during testimony before the Senate Appropriations Subcommittee on President Donald Trump's 2027 budget request.

BMW is unveiling its bold new 7 Series,  blending striking design with cutting-edge tech and multiple powertrain options including fully electric. BMW of North America CEO Sebastian Mackensen joined Bloomberg's Matt Miller to talk about why flexibility, luxury customization, and global appeal are key as EV demand grows, but gas engines still dominate.

Private equity is entering a new era according to Mark Sotir, the President of Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Private equity is entering a new era according to Mark Sotir, the President of  Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Avis shares tripled in two weeks, crushing short sellers with $2.5 billion in losses. But bears are doubling down short interest now near a decade high at 58%. Analysts question the rally's fundamentals, warning the surge looks like a short squeeze, not real growth. Bloomberg's Jordan Fitzgerald joined Bloomberg Open Interest with details.

Seema Shah, Principal Asset Management chief global strategist, discusses the outlook for US equities amid recent geopolitical tensions and rising oil prices. She speaks on "Bloomberg Open Interest."

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand.

Scott Kirby, the chief executive officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago.