Meta says its new Muse Wonder model has frontier-level capabilities, marking a major milestone in the company's AI overhaul under chief AI officer Alexandr Wang. Bloomberg's Riley Griffin spoke to him, and joins to discuss how Meta is positioning the model against rivals including OpenAI and Anthropic and how it was purpose-built to power the company's Muse personal AI assistant. She joins Ed Ludlow on "Bloomberg Tech."
Apple introduces a new line of smart home products. The $299 HomeView display directly challenges Google and Amazon for dominance in the home. Apple also revealed an upgraded Apple TV 4K set-top box and the HomePod mini 2 speaker. Bloomberg's Mark Gurman reports.
Indian Foreign Minister Subrahmanyam Jaishankar says trade talks with the US are heading in the right direction, but he doesn't want to "spill the beans." He speaks with Bloomberg News Editor-in-Chief John Micklethwait at the Bloomberg New Economy Forum in New Delhi.
Indian Foreign Minister Subrahmanyam Jaishankar says India and China are discussing whether they can settle some parts of their disputed border before reaching a deal on the entire boundary during an interview with Bloomberg Editor-In-Chief John Micklethwait at the Bloomberg New Economy Forum in New Delhi.
A selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, putting pressure on equity markets as Wall Street banks kicked off the earnings season. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses her S&P outlook and market choppiness.
Yields in the US and other advanced economies have climbed to multidecade highs, tightening financial conditions, amid higher inflation triggered by the US-Iran war and concern about budget shortfalls. Traders have responded by paring rate-hike expectations, with the amount priced into swaps across eight major economies falling by almost 200 basis points since mid-September, according to data compiled by Bloomberg. Ed Yardeni, President at Yardeni Research, discusses his S&P call and why he believes rates are 'back to normal' and not 'higher for longer.'
KBW Head of US Bank Research Chris McGratty joined Bloomberg Open Interest to break down what's driving bank earnings. He explains why large banks may still appeal to investors and how consumer health, interest rates and consolidation could shape what's ahead.
On this episode of Stock Movers: - Domino's Pizza (DPZ) shares are lower after the restaurant chain reported total domestic stores comp sales growth for the third quarter that missed the average analyst estimate. - Johnson & Johnson (JNJ) shares are moving as the company reports earnings. J&J raised its profit guidance as demand for newer drugs in cancer and autoimmune diseases overshadowed more anemic growth in the company's medical device business. - Bumble (BMBL) shares are halted on news Ithaca is taking Bumble private for $1.3 billion, with a deal price of $6.05 per share. Bumble founder Whitney Wolfe Herd said she would "remain actively involved with Bumble" after the deal, which marks a significant change for the company that was valued at $14 billion when it went public.
As investors reassess private credit, New Mountain Capital's Laura Holson says direct lending is offering attractive opportunities with wider spreads and improved lender protections. She joins Bloomberg Open Interest to explain why higher rates can benefit floating-rate investments, what risks borrowers face, and why her firm favors defensive-growth sectors such as industrial automation and animal health.
After a summer of food recalls and illness outbreaks, Neogen CEO Mike Nassif explains how testing, traceability,and data can help producers spot risks earlier and rebuild consumer confidence in a complex global food supply chain.
Wall Street banks kicked off earnings season Tuesday with third-quarter results from JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc., and Wells Fargo & Co. Christopher McGratty, head of US bank research at KBW, examines the results on "Bloomberg Open Interest."
Sales of US existing homes rose in September for the first time in four months to an annualized rate of 3.99 million. Michael McKee reports on "Bloomberg Open Interest."
