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Federal Reserve Chairman Kevin Warsh says the fight to bring down inflation has just begun. "Let me reiterate: there is no soft inflation target, there is no soft implicit target, not on this committee's watch," he said during a press conference in Washington. Warsh says "there's only a target, and it's 2%."
Moonshot's Kimi K3 has reignited debate over China's role in the AI race, but Beringea Chief Investment Officer Karen McCormick says the bigger story is the growing availability of cheaper, open-weight AI models. She joins Bloomberg to explain why lower-cost AI is helping startups build faster, forcing frontier model providers to stay competitive, and accelerating AI adoption across industries. She joins Ed Ludlow on "Bloomberg Tech."
SoFi posted record quarterly revenue and raised its full-year sales outlook. SoFi CEO Anthony Noto discusses why the company is keeping its earnings guidance unchanged, how AI is boosting engineering productivity and customer service, and why SoFi is continuing to invest for long-term growth despite shifting expectations for interest rates. Noto joins Ed Ludlow on "Bloomberg Tech."
More than 1,100 workers from top AI firms have signed a petition calling on the US government to help "deliberately pace" AI development. The letter's signatories include the CEO of Anthropic and the chief scientists from OpenAI and Meta Superintelligence Lab. Bloomberg's AI editor Seth Fiegerman joins Ed Ludlow on "Bloomberg Tech."
KPMG Chief Economist Diane Swonk says she expects a rate hike in September after the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave rates unchanged. She speaks on Bloomberg Television's "The Fed Decides."
Energy Secretary Chris Wright said that a new $100 billion data center campus built by NextEra energy and Brookfield will be powered by a nuclear and gas supply built on federal lands and will provide its own water. Wright also discussed the state of energy prices as the Iran war heats back up, and said it's not possible to forecast where gas prices will be by Labor Day.
Bob Michele, JPMorgan Asset Management's global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave rates unchanged. He speaks on Bloomberg Television's "The Fed Decides."
The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports.
Stonepeak Chairman, CEO and co-founder Michael Dorrell talks about opportunities in markets, the growth of artificial intelligence, demand for new data centers and how it all plays into their investment strategy on "Bloomberg Deals."
Ford Motor Co. raised its profit outlook for the second time this year as consumers continue to snap up the automaker's high-margin sport-utility vehicles. The rosier forecast, revealed late Tuesday as the automaker reported better-than-expected quarterly earnings, shows how Ford is cashing in on resilient demand for SUVs and pickups, echoing a similar move by rival General Motors Co. last week. Bloomberg's Craig Trudell joins to discuss.
Visa reported a fiscal third-quarter profit that beat Wall Street estimates hours after the world's biggest payments network told staff that it will eliminate roughly 2,600 jobs. Bloomberg Intelligence's Diksha Gera joins to discuss.
The world is on the cusp of a third missile age, with conventional ballistic weapons proliferating at unprecedented speed in the wake of widespread, battlefield-warping deployment in Iran and Ukraine. Paul Scharre, Executive Director at the Center for a New American Security, discusses this new age of military technology and his Foreign Affairs piece, "Losing the War of the Future: How New Technologies Threaten America's Military Advantage."
