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Bloomberg

Rhode Fuels Elf Surge

Elf Beauty CFO Mandy Fields joins Bloomberg Open Interest to break down the company's massive earnings beat, revealing how Rhode fueled nearly all quarterly growth. She also explains why Elf is expanding beyond TikTok with a Survivor partnership, while maintaining luxury-level profit margins on affordable beauty products.

Read more: Rhode Fuels Elf Surge
Bloomberg

Fed at Crossroads of Modern-Day Maestro and Arthur Burns Redux

History offers a cautionary parallel. During the dot-com boom of the 1990s, then-Fed Chairman Alan Greenspan correctly argued that rapid productivity gains would help restrain inflation. But the central bank did not slash rates. Initially, it just held them steady. By the end of the decade, however, the Fed raised them sharply as investment surged and the economy accelerated. Lakshman Achuthan, COO and co-founder at ECRI, discusses why he felt the inflation cycle was beginning an upward trend pre-Iran war and why he anticipates it will continue.

Read more: Fed at Crossroads of Modern-Day Maestro and Arthur Burns Redux
Bloomberg

Walmart Reports Solid Sales Growth; Deere Gets Construction Boost | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels. - Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report. - Deere & Co (DE) shares are getting a boost from its construction and forestry segments, helping to offset volatile agriculture markets that continue to crimp farmer spending.

Read more: Walmart Reports Solid Sales Growth; Deere Gets Construction Boost | Stock Movers
Bloomberg

EU Forecasts Show Stagflationary Shock, Dombrovskis Says

European Economy Commissioner Valdis Dombrovskis says the euro area is facing a "stagflationary shock" as real GDP forecasts for 2026 dip, and inflation is seen accelerating beyond the European Central Bank's 2% target. Dombrovskis spoke to Bloomberg's Oliver Crook in Brussels after the European Union's executive arm released its Spring 2026 Economic Forecast.

Read more: EU Forecasts Show Stagflationary Shock, Dombrovskis Says
Bloomberg

FedEx CEO Describes How Fred Smith Chose His Successor

FedEx President and CEO Raj Subramaniam recounts how Fred Smith, the company's founder, unexpectedly asked him to become CEO during a flight to Los Angeles and later gave him freedom to reshape the company. Subramaniam is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 29 at the Economic Club of Washington.

Read more: FedEx CEO Describes How Fred Smith Chose His Successor
Bloomberg

Iran Says Its Enriched Uranium Should Not Be Sent Abroad, Reuters Reports

Iran's Supreme Leader says its enriched uranium must stay in the country, Reuters is reporting this morning. Those headlines sent oil prices higher. On Wednesday President Donald Trump said the US was in the "final stages" with Iranian diplomacy. Bloomberg's Annmarie Hordern reports.

Read more: Iran Says Its Enriched Uranium Should Not Be Sent Abroad, Reuters Reports