Stocks Slump on OpenAI Report | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Decentralized finance is in the midst of the largest coordinated rescue in its history. This comes a week after a security breach at a small crypto protocol called KelpDAO triggered a $10 billion run on Aave, the largest DeFi lending protocol.
Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Decentralized finance is in the midst of the largest coordinated rescue in its history. This comes a week after a security breach at a small crypto protocol called KelpDAO triggered a $10 billion run on Aave, the largest DeFi lending protocol.
Robert Denault, head of enforcement at Kalshi, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Prediction markets have quickly grown from a niche corner of finance to a multibillion-dollar industry with big Wall Street investment, but a growing list of insider trading allegations is bringing concerns about the platforms all the way to the White House.
Robert Denault, head of enforcement at Kalshi, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Prediction markets have quickly grown from a niche corner of finance to a multibillion-dollar industry with big Wall Street investment, but a growing list of insider trading allegations is bringing concerns about the platforms all the way to the White House.
OpenAI pushed back against concerns over its sales growth on Tuesday, saying its consumer and enterprise businesses are "firing on all cylinders" despite a report about the AI startup missing internal targets. The ChatGPT creator said it continues to see growth in demand from business customers and its nascent advertising business. "The mood internally is incredibly positive," the company said in a statement. The Wall Street Journal reported late Monday that OpenAI had fallen short of several internal targets as rivals gained ground. OpenAI described the report as "prime clickbait." Rudina Seseri, Glasswing Ventures Founder & Managing Partner joined to discuss on Bloomberg Businessweek Daily.
The Federal Communications Commission will review licenses of stations owned by Walt Disney's ABC network. Regulators say they're looking for potential "unlawful discrimination." This comes after President Donald Trump told ABC to fire late night host Jimmy Kimmel.
Perianne Boring, founder and chair of The Digital Chamber, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Boring discuss her conversation with SEC Chair Paul Atkins at the Bitcoin 2026 Conference in Las Vegas.
Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects and domestic companies, Prime Minister Mark Carney said, pledging to offer Canadian investors the opportunity to buy in. The new vehicle, dubbed the Canada Strong Fund, will be seeded with C$25 billion ($18.4 billion) from the federal government, Carney announced Monday in Ottawa. It will be professionally managed and independent of the government, meant to "invest alongside the private sector in nation-building projects, on a fully commercial basis," he said. Peter Bethlenfalvy, finance minister of Canada's Ontario Province joined Balance of Power to discuss, the Iran war's impact on energy markets and efforts by governments to counter it.
Amazon Web Services announced a partnership with OpenAI a day after that company ended its exclusivity deal with Microsoft. Amazon also plans to sell AI-powered productivity software for the office. AWS CEO Matt Garman speaks with Bloomberg Tech's Ed Ludlow.
Meredith Whitney, the CEO of Meredith Whitney Advisory Group, breaks down the illusion of a strong US consumer, revealing a widening gap between wealthy spenders and struggling households. She explains how government stimulus is temporarily masking deeper cracks, and why the economy could face a sharp reality check after the election.
Shell is entering an 'inflection point' according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company's latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
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