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Hoenig: Upcoming Data Will Be Deciding Factor for Fed

Thomas Hoenig, Distinguished Senior Fellow at the Mercatus Center, discussed the Federal Reserve's current stance amid recent economic data. He emphasized that the Fed is maintaining a cautious, wait-and-see attitude as it awaits upcoming inflation reports, including CPI and PPI data, which will be critical for shaping future policy decisions. He speaks with David Gura & Isabelle Lee on "The Close."

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Bloomberg
Financial

Dating App Grindr Unveils New AI Features, Premium Tier

Grindr CEO George Arison said that new AI features and premium tiers are popular with users but that the company is still working out how to price the optional upgrades. Arison said that when it comes to the app's AI rollout, information gathered by AI can help users feel more comfortable meeting up with matches from farther away, especially in areas outside of cities that have a lower density gay population.

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Bloomberg
Financial

Investor ETF Appeal Of Photonics

Mayuranki De, vice president of ETF Trade Strategy at Raymond James, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." They discuss the Roundhill Photonics & Optics ETF (ticker: LYTE), an actively managed ETF that seeks to provide capital appreciation. The Fund invests in the equity securities of companies whose core technology involves generating, manipulating, detecting, or transmitting light for various technologies, such as AI data centers, defense, medical imaging, industrial manufacturing, and quantum computing.

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Bloomberg
Financial

ETFs Offer 'Trusted Vehicle' for Bitcoin: Mitchnick

Robert Mitchnick, head of digital assets at BlackRock, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." Hackers have stolen more than $130 million worth of Bitcoin from thousands of supposedly secure cold wallets in recent days. The Coldcard wallet hack may strengthen the case for spot Bitcoin ETFs by undermining confidence in self-custody among investors.

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Bloomberg
Financial

Meta Brings Powerful AI to the Personal Computer

Meta is escalating the debate over open versus closed AI with Muse Glimmer, a new downloadable model designed to run on a personal computer using a single GPU. The release, accompanied by a new essay from CEO Mark Zuckerberg, underscores Meta's push for more accessible and customizable AI as low-cost open models from China intensify pressure on rivals including OpenAI and Anthropic. Bloomberg's Kurt Wagner joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg
Financial

South Park Commons Raises Ambitions for the AI Era

South Park Commons is expanding its investment strategy as AI pushes founders toward increasingly ambitious and capital-intensive ideas. Co-founder and General Partner Aditya Agarwal joins Bloomberg to discuss the firm's "minus one to zero" approach to backing entrepreneurs before their ideas fully take shape, why its new fund will allow it to write bigger checks and invest for longer, and how early bets on founders like Cognition CEO Scott Wu are shaping its strategy. He joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg
Financial

From Coding to Finance: Microsoft's AI Agent Push

Microsoft says AI agents are already fundamentally changing how its software engineers work and sales, finance and other knowledge workers are next. Charles Lamanna, Microsoft EVP of Copilot, Agents and Platform, joins Bloomberg to explain how employees are shifting from doing tasks themselves to overseeing AI agents, why the company sees the technology driving more productivity rather than simply reducing headcount, and what's behind Microsoft 365 Copilot's surge past 30 million paid seats. He joins Ed Ludlow on "Bloomberg Tech."

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