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PIMCO Warns of Cracks in Credit

Lotfi Karoui, Multi-Asset Credit Strategist at PIMCO joins Bloomberg Open Interest to talk about the health of credit markets and why cracks are emerging among the weakest borrowers. He explains why a coming wave of AI debt could force investors to become far more selective, and why downside protection and deal structure matter more than betting on the ultimate AI winner.

Read more: PIMCO Warns of Cracks in Credit
Bloomberg
Financial

Defense Tech Startup Covenant Emerges From Stealth

Covenant, a defense tech startup backed by Andreessen Horowitz, is emerging from stealth after raising over $250 million over three funding rounds. The firm has already signed military contracts across the US and Europe and says it can make cheaper heavy-payload, long-range cruise missiles. Covenant President and Chief Growth Officer Abby Denburg joins Ed Ludlow on "Bloomberg Tech."

Read more: Defense Tech Startup Covenant Emerges From Stealth
Bloomberg
Financial

Anthropic Worker Resigns, Warns of AI Risks to Humanity

An AI researcher has resigned from Anthropic and called on other staffers to rethink their work. He raises concerns that the company and its top competitor, OpenAI, are acting irresponsibly in their all-out pursuit of a technology that poses existential risks to humanity. Bloomberg's Mike Shepard joins Ed Ludlow on "Bloomberg Tech."

Read more: Anthropic Worker Resigns, Warns of AI Risks to Humanity
Bloomberg
Financial

An Effective Mediator Is Needed to End Iran War, Mahbubani Says

Kishore Mahbubani says that the Iran war will have negative effects on the US midterms, and he says an "effective mediator" is needed to step up and end the conflict. He speaks with Mishal Husain and George Yeo on September 9 in Singapore at a Bloomberg subscribers-only event.

Read more: An Effective Mediator Is Needed to End Iran War, Mahbubani Says
Bloomberg
Financial

Apple's Rally Pressures New CEO to Deliver on Foldable iPhone

Apple Inc.'s $570 billion summer surge is saddling new Chief Executive Officer John Ternus with high expectations heading into the company's most anticipated event in years: the unveiling of the foldable iPhone on Wednesday. The stock has rallied 15% since June 25, when the company announced it was raising prices on many of its products, sending the shares to their worst day in more than a year. Since then, a significant chunk of the gains have been driven by excitement about the new lineup of devices, particularly the foldable phone. For more, we speak with Bloomberg Tech host Ed Ludlow in Cupertino.

Read more: Apple's Rally Pressures New CEO to Deliver on Foldable iPhone
Bloomberg
Financial

Meta & Lyft Move Higher, Apple's Foldable iPhone | Stock Movers

On this episode of Stock Movers: - Meta (META) shares are gaining with analysts positive on the Facebook parent after it debuted Muse, an AI assistant. Firms wrote that Meta is well positioned to succeed with the product. - Lyft (LYFT) shares are higher as the ride-hailing company is starting to offer Waymo robotaxi rides in Nashville, marking the second US city where it's providing driverless trips. - Apple (AAPL) shares are on the move ahead of today's product unveil. Apple's stock has rallied 15% since June 25, driven by excitement about the new lineup of devices, particularly the foldable phone.

Read more: Meta & Lyft Move Higher, Apple's Foldable iPhone | Stock Movers