Oil is holding near a seven-month high as investors await the next round of US-Iran talks. Prices have climbed this year on concerns about the potential fallout from a US strike on Iran, even as forecasts point to more oil supply than demand later this year. Baker Hughes Chief Executive Officer Lorenzo Simonelli joined Bloomberg Open Interest with his insights and how the company is benefitting from the AI data trade.
Geoffroy van Raemdonck, CEO of Saks Global, discusses his vision for the company with Romaine Bostick on "The Close." He says he aims to build a profitable and sustainable Saks Global, with an initial focus on retail.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he's starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. "Unfortunately, we did see this in '05, '06 and '07, almost the same thing the rising tide was lifting all boats, everyone was making a lot of money," Dimon told investors on Monday. Bloomberg's Katherine Chiglinsky breaks down what Dimon said.
Meta Platforms Inc. will deploy 6 gigawatts' worth of data center gear based on processors from Advanced Micro Devices Inc., a blockbuster deal that marks a win for the chipmaker's attempts to catch up with Nvidia Corp. Meta will buy AMD chips and computers designed to run artificial intelligence models over a five-year stretch, beginning in the second half of 2026. The series of transactions will be worth "double-digit billions" of dollars per gigawatt, according to AMD Chief Executive Officer Lisa Su. Bloomberg's Ed Ludlow joins to discuss with Paul Sweeney and Scarlet Fu.
Weeks after shaking the markets with AI tools that raised fears about job losses, Anthropic is expanding again. The company is pushing its Claude AI into human resources, investment banking, and even design partnering with firms like FactSet to automate high-level work. Bloomberg Tech co-host Ed Ludlow joined us with the latest.
Meta will deploy data center gear based on processors from AMD in a deal worth "double-digit billions" of dollars per gigawatt. Bloomberg's Ian King and Riley Griffin join "Bloomberg Tech" to discuss what the deal means for each of the companies.
Ceco is acquiring Thermon in a deal valued at roughly $2.2 billion. It's the largest transaction in the filtration company's history. The move significantly broadens Ceco's footprint in thermal solutions, as surging demand from data centers continues to drive growth in the sector. Todd Gleason, CEO of Ceco, joined Bloomberg Open Interest to talk about the deal.
Federal Reserve Governor Christopher Waller says the US central bank is moving toward a system-wide deployment of AI across regional banks at a conference organized by the Boston Fed.
Federal Reserve Governor Christopher Waller says the US central bank is moving toward a system-wide deployment of artificial intelligence across regional banks. He speaks at a conference organized by the Boston Fed.
The Conference Board's gauge of consumer confidence increased to 91.2, from an upwardly revised 89 last month, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 87.1. Mike McKee reports on "Bloomberg Open Interest."
Federal Reserve Bank of Chicago President Austan Goolsbee says he is more concerned about inflation amid a "steady" job market. Speaking with Mike McKee on "Bloomberg Open Interest," Goolsbee also comments on what the tariff ruling could mean for inflation and Fed Chair Jerome Powell possibly staying on the central bank's board.
Federal Reserve Governor Lisa Cook said the US central bank may not be able to counter rising unemployment driven by adoption of artificial intelligence. Cook warned, "our normal demand-side monetary policy may not be able to ameliorate an AI-caused unemployment spell without also increasing inflationary pressure," during comments Tuesday at an event in Washington.
