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Laura Martin, senior entertainment & internet analyst for Needham & Company, said that she is worried about Meta's strategy because Mark Zuckerberg keeps moving the goalposts on who he is taking on as competition. Martin said that although Zuckerberg's ideas might be good, the strategy is too diffuse to corner the market on chips or or AI.
Swarthmore College, an elite liberal arts school in Pennsylvania, lost its AAA grade from S&P Global Ratings after running up its debts to finance renovations to dormitories, classrooms and other projects across its campus. Bloomberg's Amanda Albright reports on "Bloomberg Real Yield."
President Donald Trump announced a plan to overhaul and expand Washington Dulles International Airport near the nation's capital, his latest makeover project for the region, calling it a "long-overdue renovation and reconstruction." Bloomberg's Aashna Shah reports on "Bloomberg Real Yield."
Bryan Whalen, CIO and generalist portfolio manager of fixed income at TCW, and Winnie Cisar, global head of credit strategy at CreditSights, join Scarlet Fu on "Bloomberg Real Yield." For months, Big Tech has flooded debt markets with mega bonds that were initially snatched up by investors keen to get exposure to the AI boom. As demand wanes and bubble concerns mount, those deals are becoming harder and costlier to get over the line.
Bryan Whalen, CIO and generalist portfolio manager of fixed income at TCW, and Winnie Cisar, global head of credit strategy at CreditSights, join Scarlet Fu on "Bloomberg Real Yield." " As Big Tech barrels toward trillions of dollars of planned spending on AI, the price of protecting tech firms' debt against default is jumping, in part on mounting concern about whether all the investments will pay off.
Robinhood Chairman and CEO Vlad Tenev says the prediction markets business is the fastest growing in the firm's history. Speaking on "Bloomberg The Close," Tenev also discusses the company's initiatives, Trump Accounts and the future of crypto.
Bloomberg's Morwenna Coniam joins Scarlet Fu on "Bloomberg Real Yield." The Bank of England kept interest rates steady at 3.75% on Thursday, with Governor Andrew Bailey insisting his committee is not getting closer to a hike despite three members voting for tighter policy.
Ed Al-Hussainy, portfolio manager of the total return bond fund at Columbia Threadneedle Investments, and Nicolo Bocchin, global co-head of fixed income at Azimut Group, join Scarlet Fu on "Bloomberg Real Yield." Long-term Treasury yields retained most of the surge unleashed by this week's Federal Reserve rate decision after a raft of US economic data showed still-elevated inflation and labor-market resilience.
Patrick McHenry, former Republican Congressman from North Carolina and former House Financial Services Committee Chairman, said that artificial intelligence stands to be a 'defining issue' in the midterms and 2028 presidential election, as parties and candidates debate policy around AI uses and regulation. McHenry also weighed in on the Senate fight over Trump's nominee for attorney general Todd Blanche, as retiring GOP senators John Cornyn and Thom Tillis hold up a key vote in the confirmation process.
Jersey Mike's CEO Charlie Morrison discusses the company's first day of trading, the cyclospora outbreak and customer demand with Dani Burger on Bloomberg Television.
Jane Harman, former California Democratic congresswoman, said the US war in Iran has made every country in the Middle East a target, even countries that have not yet been participants in the conflict. Harman said that the danger of the conflict spreading is 'huge' and the US defense industrial base may not be prepared to address conflicts worldwide.
Fighting between the US and Iran has resumed after a brief lull, with American strikes focused on military targets and Tehran-aligned forces targeting US partners in the region. Israel has so far remained outside the latest exchange of strikes following Prime Minister Benjamin Netanyahu's in-person talks with President Donald Trump. Bloomberg's Dan Williams reports from Washington, DC.
