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.
Holly O'Neill, president of consumer, retail, and preferred banking at Bank of America, discusses the details of the firm's latest consumer checkpoint.
Global electric vehicle manufacturer Vmoto (ASX:VMT) delivered 6,693 units during the first quarter ended March 31.
Iran's Islamic Revolutionary Guard Corps had seized two ships in Hormuz and brought them to shore for inspection Wednesday, according to reports from Iranian state television. Tyler Kendall has more on Bloomberg Television.
UK inflation accelerated in March, as a surge in energy costs triggered by the Iran war started to hit consumers in the pocket. The consumer prices index rose 3.3% from a year earlier, up from 3% the previous month, the Office for National Statistics said Wednesday. Santander Corporate and Investment Banking Economist Victoria Clarke reacts to the data on Bloomberg Television.
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