Meta's settlement is a "pittance" relative to the company's profits, according to University of Virginia Law Professor Danielle Citron. She argues the bigger question is whether new protections for teenage Facebook and Instagram users will actually work, questioning a framework that relies heavily on parents to enforce limits and warning that teenagers may find ways around the restrictions. She joins Ed Ludlow on "Bloomberg Tech."
Kathryn Edwards, Bloomberg Opinion columnist and host of the Optimist Economy podcast, said that President Trump's move to lower tariffs on beef imports in an effort to bring prices down is a 'remarkable admission' that tariff policy is increasing prices. Edwards said that the long term cost of beef and other food items is a 'war' the US is 'fighting on multiple fronts' including environmental conditions, industry competition and economic policy.
Nvidia's forecast for roughly 70% revenue growth next fiscal year is changing the debate around the durability of the AI boom, according to Wealth Enhancement Group Deputy CIO Doug Huber. He explains why the question is shifting from whether AI demand is slowing to whether the industry can physically build enough compute to satisfy it, and why Nvidia's investments in frontier AI labs could ultimately deepen demand for its technology. He joins Ed Ludlow on "Bloomberg Tech."
John Herbst, a former US ambassador to Ukraine now at the Atlantic Council's Eurasia Center, said that while Ukrainian strikes were weakening Russia's ability to conduct its war, Russia has 'no new tactics' and is resorting to killing civilians. Herbst described the most recent strikes on the Ukraine capital of Kyiv as 'pure terror, pure war crimes.'
Okta's stock experienced a significant rally following the company's better-than-expected quarterly results and an upgraded revenue forecast. The cybersecurity firm is capitalizing on the increasing demand for security solutions tailored to the growing number of AI agents deployed within businesses. Todd McKinnon, Okta's cofounder and CEO, discussed the factors driving the company's robust growth
Dollar-store chains provided different takeaways on the state of the US retail sector that's facing increasing economic challenges. At Dollar Tree Inc., the company mostly met Wall Street expectations last quarter and left its sales growth outlook for the year unchanged. Dollar General Corp. lifted its view for annual revenue after a quarterly sales beat. Bloomberg's Redd Brown joins to discuss.
Kevin Warsh's inauspicious start as chairman of the Federal Reserve has guaranteed that his speech on Friday at the central bank's annual Jackson Hole conference will command rapt attention. Bloomberg Surveillance Host Tom Keene discusses his expectations for this Jackson Hole meeting and the long awaited speech from Fed Chair Warsh.
Nvidia said revenue will grow about 70% next fiscal year, easing concerns that AI spending is poised to lose momentum. Angelo Zino, SVP and Tech Lead at CFRA Research, breaks down Nvidia's earnings blowout and other tech headlines.
Treasury Secretary Scott Bessent and Fed Chairman Kevin Warsh seem to have different instincts on some important policy issues including whether to boost the economy or restrain it, and how much to communicate about policy inclinations. Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, expectations for Kevin Warsh's Jackson Hole speech, and Bessent's treasury buybacks.
Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia's future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on "Bloomberg Open Interest."
The suggestion by the Trump administration's top trade negotiator that the US ought to consider banning some Canadian goods has added another threat into a trade dispute between Washington and Ottawa. Tyler Kendall reports on Bloomberg Television.
On this episode of Stock Movers: - Dollar Tree (DLTR) shares are lower as the retailer's guidance for the third quarter and full year proves underwhelming after the stock's 38% advance since its 1Q results on May 28. The S&P 500 Index was up 2.1% for the same period. - Meta (META) shares are moving after it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. The agreement requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings without parental consent. - Wendy's (WEN) shares are plunging after Reuters reported that Nelson Peltz's Trian Fund Management has no plans to make a bid at this time to take the fast-food chain private.
