Skip to main content

CryptoBreaking News

Bloomberg

Dell Boosts Outlook to $60B in AI Server Sales This Year

Bloomberg News reporter Brody Ford says Dell's server business is helping the company's revenue benefit from the AI boom. Dell gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that power artificial intelligence work. Revenue in the fiscal year ending in January 2027 will be about $167 billion, including $60 billion from the sale of AI servers, the Texas-based company said Thursday in a statement.

Read more: Dell Boosts Outlook to $60B in AI Server Sales This Year
Bloomberg

Former LVMH Chair Brown Discusses K-Shaped Recovery Within Luxury Sector

Pauline Brown, former chair of LVMH North America, joined the discussion to analyze the ongoing k-shaped economic recovery, particularly within the luxury retail sector. She highlighted that even among luxury brands, performance is diverging significantly. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Read more: Former LVMH Chair Brown Discusses K-Shaped Recovery Within Luxury Sector
Bloomberg

Hormel Foods Shares Rise on Strong Q2 Earnings

Hormel Foods reported adjusted earnings per share and organic sales for the second quarter that exceeded analyst expectations, driving a notable increase in its stock price. John Ghingo, President of Hormel Foods, discussed the company's ongoing turnaround plan and its positive impact on results. He speaks with Romaine Bostick and Katie Greifeld on "The Close."

Read more: Hormel Foods Shares Rise on Strong Q2 Earnings
Bloomberg

Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC

Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC Alberto Musalem, St. Louis Federal Reserve president, said he expects new Federal Reserve Chair Kevin Warsh to consult with the full Federal Open Market Committee and then steer members to fulfill the Fed's dual mandate. Musalem, speaking to Stephanie Flanders at the Reykjavik economic conference, also said that while he is an AI optimist, it is a 'risky proposition' to rely on the possibility of productivity gains from AI to reduce inflation.

Read more: Fed's Musalem Says He Expects Warsh Will Consult, Try and Steer FOMC