New York's trading and investment-banking firms are poised to deliver record earnings for the industry with profit on pace to exceed $90 billion and bonuses expected to reach an all-time high. Herman Chan of Bloomberg Intelligence has more.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon says artificial intelligence has exposed new vulnerabilities for banks. He says the risks of cyber attacks have gone up 10-fold since the release of Anthropic's Mythos ai model. He speaks exclusively to Bloomberg's Tom Mackenzie at the JPMorgan Tech Stars Conference in London.
JPMorgan Chase Chairman and CEO Jamie Dimon says that recent bond selloffs are a warning to governments during an interview with Tom Mackenzie on "Bloomberg Open Interest."
Apollo Global Management President Jim Zelter says compute and energy will remain bottlenecks as the artificial intelligence investment boom accelerates. Speaking with Bloomberg's Francine Lacqua, Zelter discusses Apollo's exposure to AI and data centers, the outlook for the US economy, the growing role of private capital in defense, as well as European investment and the opportunities in the UK.
Former Treasury Secretary Janet Yellen says Canada should retaliate against US tariffs imposed by President Donald Trump. "I think it's appalling, and I understand exactly why you feel betrayed by the United States and are so angry about it," Yellen said in response to a question from former Canadian Finance Minister Chrystia Freeland during an interview for Bloomberg Television's Wall Street Week.
Republican Senate nominee Ken Paxton is seeing an influx in spending on his behalf as he tries to preserve the GOP's grip on statewide offices in Texas. But he's facing headwinds, with supporters leaking two sets of recorded comments from private events and President Donald Trump offering criticism, even while stumping for him. Julie Fine reports on "Balance of Power."
Wayve CEO Alex Kendall discusses the future of driving, the market for autonomous vehicles in the US and China, as well as the possibility of a future IPO. He spoke with Bloomberg TV's Tom Mackenzie on the sidelines of the JPMorgan Tech Stars conference in London.
Morgan Stanley's FX and Emerging Markets Strategy Head James Lord said the euro could fall further toward $1.10 as risks mount. He joins Bloomberg's Anna Edwards, Tom Mackenzie, and Guy Johnson on "The Opening Trade" discussing France, Europe as a whole, and the election in Brazil.
President Donald Trump's latest bid to pare fuel costs ahead of November's midterm elections included the signing of an executive order Monday to ease restrictions on the use of a tax-exempt variety of diesel. Tyler Kendall reports on Bloomberg Television.
Faisal Al Bannai, adviser to the President of the United Arab Emirates, speaks with Bloomberg's Alex Dooler at the 'AI Everything' conference in Abu Dhabi. He talks about the launch of a new model of Falcon AI that's more attuned to the Emirati dialect, as well as saying he sees some exciting start-ups in the fields of robotics, driving and security.
OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion round of financing, according to people familiar with the matter. BlackRock is also in discussions to participate in the round. Ruhell Amin reports on Bloomberg Television.
Better Markets has criticised the Commodity Futures Trading Commission’s (CFTC) push to regulate retail crypto transactions.
