Australia Breaking News

Danielle Poli, co-portfolio manager for global credit at Oaktree Capital Management, says a cautious approach to credit investing still provides opportunities for tempting yields. She speaks with Dani Burger and Matthew Miller on "Bloomberg Open Interest."

Nvidia's latest earnings reveal a major shift in AI demand. TD Cowen analyst Joshua Buchalter explains why hyperscalers are no longer the whole story, how AI is moving beyond data centers into the real world, and why the company's massive supply chain commitments could cement its dominance for years.

Gil Luria, DA Davidson head of technology research, says Nvidia CEO Jensen Huang is "dunking" on all the competition. Joe Kaiser of Switchyard Partners also reacts to Nvidia's earnings and SpaceX going public. They are on "Bloomberg Open Interest."

Elf Beauty CFO Mandy Fields joins Bloomberg Open Interest to break down the company's massive earnings beat, revealing how Rhode fueled nearly all quarterly growth. She also explains why Elf is expanding beyond TikTok with a Survivor partnership, while maintaining luxury-level profit margins on affordable beauty products.

History offers a cautionary parallel. During the dot-com boom of the 1990s, then-Fed Chairman Alan Greenspan correctly argued that rapid productivity gains would help restrain inflation. But the central bank did not slash rates. Initially, it just held them steady. By the end of the decade, however, the Fed raised them sharply as investment surged and the economy accelerated. Lakshman Achuthan, COO and co-founder at ECRI, discusses why he felt the inflation cycle was beginning an upward trend pre-Iran war and why he anticipates it will continue.

On this episode of Stock Movers with Alexis Christoforous: - Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels. - Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report. - Deere & Co (DE) shares are getting a boost from its construction and forestry segments, helping to offset volatile agriculture markets that continue to crimp farmer spending.

PNC Asset Management Chief Investment Officer Amanda Agati sees "a little bit of steam coming out of the market rally sails." She speaks on "Bloomberg Open Interest."

European Economy Commissioner Valdis Dombrovskis says the euro area is facing a "stagflationary shock" as real GDP forecasts for 2026 dip, and inflation is seen accelerating beyond the European Central Bank's 2% target. Dombrovskis spoke to Bloomberg's Oliver Crook in Brussels after the European Union's executive arm released its Spring 2026 Economic Forecast.

FedEx President and CEO Raj Subramaniam recounts how Fred Smith, the company's founder, unexpectedly asked him to become CEO during a flight to Los Angeles and later gave him freedom to reshape the company. Subramaniam is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 29 at the Economic Club of Washington.

US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data.

Iran's Supreme Leader says its enriched uranium must stay in the country, Reuters is reporting this morning. Those headlines sent oil prices higher. On Wednesday President Donald Trump said the US was in the "final stages" with Iranian diplomacy. Bloomberg's Annmarie Hordern reports.

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."