Pershing Square CEO and founder Bill Ackman says markets are narrowly focused on big initial public offerings. Ackman says Anthropic is one of the greatest business stories he's ever seen, but would not say if it's a company he would invest in. The Claude developer is expected to go public this year. Ackman speaks on "Bloomberg Deals."
The Treasury 30-year yield hit yet another milestone, clearing 5.62% and testing the peaks last seen more than two decades ago. Jens Nordvig, founder at Exante Data, discusses this rise in bond yields and the structural pressures behind it.
US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. Eric Winograd, Chief Economist at AllianceBernstein, reacts to the PCE data.
On this episode of Stock Movers: - Cal-Maine (CALM) shares fell after the egg producer reported net sales for the first quarter that missed the average analyst estimate, and said it won't pay a cash dividend in the first quarter. - Concentrix (CNXC) shares are sliding after the software company's reported revenue forecast for the fourth quarter missed the average analyst estimate. - Robinhood (HOOD) is on the move as it plans to offer weekend trading for equities in a first for modern US markets, allowing customers to trade a selected list of stocks and exchange-traded funds over the weekend.
KKR has released a new report arguing that financing the global AI buildout will require about $8 trillion in capital expenditures, far more than traditional public equity and debt markets can supply on their own. Christopher Sheldon, KKR's co-head of credit and markets, discusses the report on "Bloomberg Open Interest."
American Express Group President Raymond Joabar reveals a new AI powered corporate platform that slashes hours from expense reports, gives finance teams real time spend insights, and uses agentic tools to streamline back office work for mid sized companies. (Corrects name of guest in description.)
American Express Group President Ray Jobar reveals a new AI powered corporate platform that slashes hours from expense reports, gives finance teams real time spend insights, and uses agentic tools to streamline back office work for mid sized companies.
Mark Jones, a political science professor at Rice University in Houston, talks about the polls shaping the final weeks of the midterm campaign and key differences between the numbers in Texas' 2018 Senate race and this year's election. He speaks with Bloomberg's Julie Fine.
Apple is set to make its long-awaited debut in the smart-home market on Oct. 13. The company has a smart-home hub code-named J490, it will update the HomePod mini and unveil a new TV set-top box. Bloomberg's Ed Ludlow reports.
The personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television.
US private payrolls rose by 90,000 in September, the most in three months, and above economists' estimates of 75,000. Michael McKee reports on Bloomberg Television.
Elon Musk should work with South Africa and launch his Starlink satellite internet service there, the country's deputy communications minister Mondli Gungubele said in an interview in Cape Town. The service has not launched in the continent's largest economy, with Musk criticizing as racist laws that require telecommunications companies to be 30% owned by Black citizens. The Deputy Minister was speaking with Bloomberg TV's Jennifer Zabasajja
