Ukrainian President Volodymyr Zelenskyy ordered attacks on Russian oil refineries to resume, even though President Donald Trump is pushing for an "energy ceasefire." Bloomberg's Tyler Kendall reports from the White House.
As the AI infrastructure boom drives a wave of data center construction, concerns over electricity costs, water use and local impacts are increasingly entering the political debate ahead of the midterms. Cato Institute senior fellow Jennifer Huddleston discusses the economic benefits data centers can bring to communities and why she argues the technology industry needs to do a better job explaining the role data centers play beyond generative AI. She joins Ed Ludlow on "Bloomberg Tech."
Blackstone has built one of Wall Street's broadest bets on AI, investing across the ecosystem from data centers, power and cooling to chip financing and companies including OpenAI, Anthropic and SpaceX. Bloomberg's Preeti Singh explains how President and COO Jon Gray spotted the infrastructure opportunity early and why he sees AI as a generational economic shift that investors can't afford to ignore. She joins Ed Ludlow on "Bloomberg Tech."
Anduril is allowing employees to sell shares as part of a tender that stands to value the defense technology startup at roughly $90 billion. The tender offer is open to current and former Anduril employees in 16 countries and is set to close on November 9. Bloomberg's Katrina Manson joins Ed Ludlow on "Bloomberg Tech."
Anthropic told prospective investors its third-quarter revenue hit $16.8 billion as the artificial intelligence company pushes ahead with plans to go public. Bloomberg's Bailey Lipschultz joins Ed Ludlow on "Bloomberg Tech."
Volkswagen AG is investing heavily in the US market, which Chief Executive Officer Oliver Blume says is "one big growth opportunity" for the company. The company plans to enter the US market for light trucks and offroad sport utility vehicles, with projects including a software venture with Rivian Automotive Inc. and the revival of heritage brand Scout. Volkswagen aims to field a midsize pickup and an offroad SUV to compete with established US franchises such as General Motors Co.'s Chevrolet Colorado and Ford Motor Co.'s Bronco. Bloomberg's Gabrielle Coppola breaks it all down on Bloomberg Intelligence
Anthropic PBC told prospective investors its third-quarter revenue hit $16.8 billion, and the company achieved profitability in the quarter on an adjusted basis. Bloomberg's Bailey Lipschultz joins to discuss.
Initial jobless claims were little changed in early-October, reinforcing the view that the labor market is cooling through slower hiring rather than rising layoffs. The report gives the Fed little reason to worry about an abrupt deterioration in employment, but it doesn't ease broader concerns about weak job creation. Lakshman Achuthan, COO and co-founder at ECRI, gives his outlook on employment and reacts to inflation data.
After decades of geopolitical stability and relative predictability, the rules of global engagement are being rewritten. From October 13 15, the Bloomberg New Economy Forum brought together public-and private-sector leaders from around the world in New Delhi to examine: A World in Play: Defining the New Levers of Power.
As AI stocks retreat and rates remain a concern, Pershing Square CIO Ryan Israel joins Bloomberg Open Interest to explain why the firm is focused on durable businesses at attractive prices. He discusses the long-term cases for the eye-care company Alcon and Netflix, when a macro bet makes sense and the firm's expansion into private growth companies.
US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. The producer price index advanced 1.3% from a month earlier the most since March 2022 and 6.3% from a year earlier, according to Bureau of Labor Statistics data. Stephanie Roth, Chief Economist at Wolfe Research, reacts to the data.
Bloomberg Fed and Economy Reporter Enda Curran explains why inflation still stings despite cooling from pandemic-era highs. Tariffs, energy costs and AI demand are pushing prices up, while relief in a few categories is limited. He also discusses the Fed's 2% target and the credibility risks of changing it.
