Stocks on the Backfoot, Intel Beats Earnings | Closing Bell
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.
Every story in this category, newest first.
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.
Raymond James CEO Paul Shoukry discusses the health of their 'record' recruiting pipeline, and a renewed focus on technologies, products, and AI to help advisors provide more holistic advice for their clients. He talks with Katie Greifeld and ROmaine Bostick on "The Close."
Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. Ed Ludlow reports on "Bloomberg The Close."
Rachel Bronson, senior fellow at the Chicago Council on Global Affairs, senior advisor at the Bulletin of the Atomic Scientists, and author of "Thicker than Oil: America's Uneasy Partnership with Saudi Arabia" joins Scarlet Fu on "Bloomberg Markets."
Jon Gray, Blackstone President & COO, addressed investor concerns about market volatility and liquidity pressures. He emphasized that while noise and uncertainty may prompt investors to seek liquidity, the resilience of certain financial products, particularly Business Development Companies (BDCs), is a key factor to watch.
Sen. Tammy Duckworth (D-IL), member of the Armed Services Committee, said that the war with Iran is President Trump's 'war of choice' and at the expense of the American people. US and Iran tensions grew over the Strait of Hormuz with both sides maintaining their blockades of the critical waterway, creating an uneasy standoff with no sign of peace talks on the horizon. US President Donald Trump on Thursday ordered the US Navy to shoot any boat putting mines in the strait, while the military said it intercepted two oil supertankers that tried to evade its effort to prevent passage to and from Iran's ports. US forces boarded a "sanctioned stateless vessel" transporting oil from Iran in the Indian Ocean overnight, the Pentagon said.
Bloomberg's Jacob Lorinc joins Scarlet Fu on "Bloomberg Markets." Freeport-McMoRan fell after the copper miner warned that a slower ramp-up at its flagship Grasberg mine in Indonesia will weigh on future production. The top US copper producer said it's pushing back the restart schedule at the Grasberg complex after discovering new challenges with specialized equipment needed to restart operations following last year's deadly mudslide.
Tesla says rising gas prices have boosted interest in its electric vehicles. The surprisingly optimistic comments came weeks after the automaker reported lower-than-expected car sales to start the year and as it pivots its focus to AI and robotics. Jessica Caldwell, head of insights at Edmunds, joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
SpaceX is part of a group of companies developing the operating system underpinning President Donald Trump's Golden Dome initiative, according to sources. It is an expansion of the role Elon Musk's company is playing in the US missile defense shield. Bloomberg's Michael Shepard joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
CBRE Group CEO Robert Sulentic says he is bullish on long-term growth across New York City. Speaking with Norah Mulinda on Bloomberg Television, Sulentic also says CBRE will become "net winners" thanks to AI.
Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. Ed Ludlow reports on "Balance of Power."
Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a $110 billion takeover by Paramount Skydance Corp. But this is not a done deal yet. Chris Palmeri reports.
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