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Elon Musk Will Appeal His Loss to OpenAI's Sam Altman

A jury rejected Elon Musk's claims that OpenAI under Sam Altman's leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. In a post on X this week, Musk said that he will be filing an appeal with the Ninth Circuit court, noting "the judge and jury never actually ruled on the merits" of the case. For a closer look, we speak with Matthew Schettenhelm, media litigation analyst for Bloomberg Intelligence.

Read more: Elon Musk Will Appeal His Loss to OpenAI's Sam Altman
Bloomberg

Target Tempers Expectations After Best Sales Gain in Years

Target Corp.'s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it's making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%. Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections. For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence.

Read more: Target Tempers Expectations After Best Sales Gain in Years
Bloomberg

AI Boom Adds Pressure to Warsh's Bond-Market Bind

With Kevin Warsh set to take office on Friday and the war-driven price shock sending bond yields higher, analysts say a widely-used indicator is suggesting AI is worsening the Fed's inflation problem. James Egelhof, Chief US Economist at BNP Paribas, discusses the Fed's rate path, inflation pressures, and how AI ties into the mix.

Read more: AI Boom Adds Pressure to Warsh's Bond-Market Bind
Bloomberg

Hasbro CEO on Oil Costs, Video Games and New Projects

Hasbro CEO Chris Cocks addresses investor concerns regarding the company's exposure to petroleum-intensive products, clarifying that such exposure is relatively light. He emphasizes that the majority of Hasbro's business and growth comes from games as well as licensing and digital products. He speaks on "Bloomberg Open Interest."

Read more: Hasbro CEO on Oil Costs, Video Games and New Projects
Bloomberg

LIV Golf Faces Uncertain Future as Saudi PIF Pulls Support

LIV Golf is preparing for a potential bankruptcy filing after Saudi Arabia's Public Investment Fund pulled support, casting doubt over the future of a venture that upended professional golf with billion-dollar spending sprees and blockbuster player contracts. Randall Williams reports on Bloomberg Television.

Read more: LIV Golf Faces Uncertain Future as Saudi PIF Pulls Support