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Prime Minister Anthony Albanese has confirmed that European Commission President Ursula von der Leyen will arrive in Australia on March 23,

The Albanese government is under fire as its flagship policy to establish a sovereign strategic fleet falls more than a year behind schedule.

Former FDIC Chair Sheila Bair discusses the need for the Fed to keep their 'powder dry' given current economic uncertainties, and the inflationary effects of the war in the Middle East. She talks with Romaine Bostick on "The Close."

Former Federal Reserve Vice Chair Lael Brainard discusses Fed Chairman Jay Powell tying his departure from the Board to the conclusion of a DOJ investigation, and the Fed possibly treating oil price shock as transitory. She talks with Romaine Bostick on "The Close."

Micron Technology Inc. warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips. Capital spending will exceed $25 billion this fiscal year, which runs through August, the company said as part of its quarterly report on Wednesday. Analysts had estimated $22.4 billion. The heavy spending reflects the cost of keeping up with an insatiable appetite for Micron's memory chips, especially the high-bandwidth components used in artificial intelligence computing. Though Micron's sales are expected to keep soaring, the latest report drew a chilly reception from investors. The shares fell about 2% in late trading. Hendi Susanto, a portfolio manager at Gabelli Funds, said he thinks Micron is in a good position structurally.

"I'm still gobsmacked by the Fed's decision," Bob Michele, JPMorgan Asset Management's global head of fixed income, says about the Federal Reserve's decision to leave interest rates unchanged.

Micron says it will spend heavily to meet demand and sales will keep soaring. Shares whipsawed despite beating on earnings. Matt Bryson of Wedbush Securities reacts to the report on Bloomberg The Close.

Edward Jones CEO Penny Pennington discusses the Fed's decision to hold rates steady and the effects of geopolitics on handling client needs. She talks with Romaine Bostick on "The Close."

Tom Michaud, president and CEO of Keefe Bruyette & Woods, joins Dani Burger on "Bloomberg Deals." Michaud says, a "generational change in regulation" is set to fuel consolidation across financial services as policymakers ease pressure on banks.

Apollo Global Management's Torsten Slok said the Federal Reserve has decided to "completely ignore" the Middle Eastern shock facing markets as the central bank voted to keep interest rates unchanged. He speaks on "The Fed Decides."

A group of banks led by JPMorgan Chase halted a $5.3 billion debt deal for software firm Qualtrics International after failing to win over investors amid deepening anxiety surrounding artificial intelligence disruption. Aaron Weinman has more on "Bloomberg Deals."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.