Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, expects to see a ``ping-pong of volatility'' continue in US stocks even as major indexes grind higher. She says stronger earnings have cushioned equities from rising US Treasury yields. She speaks with Dani Burger and Isabelle Lee on Bloomberg's ``Open Interest.''
Snowflake shares jumped by the most in three months after the company raised its outlook for annual sales and touted rapid adoption of its AI-assisted coding tool. Bloomberg Intelligence Senior Tech Analyst Matt Bloxham discusses the outlook from Snowflake as well as Broadcom's AI chip forecast and Nvidia's move to buy Hugging Face.
BWH Hotels CEO Larry Cuculic says Americans are still traveling, but booking windows are shrinking and some consumers are moving to lower-priced hotels. He also explains how the company is helping franchisees manage rising insurance costs and the bottom line impact of the World Cup on host cities.
HPE President and CEO Antonio Neri discusses the benefits of HPE's networking deal with Oracle and the company's earnings outlook. Speaking with Ed Ludlow on "Bloomberg Tech," Neri says he is seeing "huge growth" in enterprise AI adoption.
Stocks rose and bond yields fell as Federal Reserve Governor Christopher Waller said he'd be willing to support holding rates steady if price pressures continue to show signs of easing. Keith Lerner, CIO at Truist, discusses current market moves, Fed expectations, and outlook for where the S&P 500 may end the year.
A recent plunge in US labor force participation has sparked competing theories about whether persistent drivers like aging and immigration or more temporary seasonal shifts are to blame. Any evidence in upcoming jobs reports could reshape how policymakers view the labor market. Michael Darda, Chief Economist at Roth Capital Partners, discusses nominal GDP and outlook for the US economy ahead of Friday's jobs report.
Matchroom Sport Chairman Eddie Hearn reveals the battle over staging Tyson Fury versus Anthony Joshua at Wembley or Madison Square Garden, explains why Katie Taylor's 83,000-seat farewell could redefine women's sports, and outlines how Matchroom's new US investment will fuel its expansion across boxing, darts, pool and live entertainment.
On this episode of Stock Movers: - Nvidia (NDVA) shares are a tick higher this morning as it has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion. - Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter, bringing the total to 9,100. - Meta (META) shares are higher as the social media giant released its most powerful artificial intelligence model yet. Meanwhile, other technology and growth stocks also advanced as oil prices and Treasury yields are showing signs of stabilization.
The Institute for Supply Management's services index rose 1.3 points to 55.4, the highest level since February. That exceeded the median estimate in a Bloomberg survey of economists. Michael McKee reports on "Bloomberg Open Interest."
Elliott Investment Management has built a sizeable stake in Deutsche Telekom and indicated the German telecommunications giant should ditch a potential merger with its American arm T-Mobile US, people familiar with the matter said. Swetha Gopinath reports on "Bloomberg Open Interest."
Tony Rodriguez, head of fixed income strategy at Nuveen, explains his firm's position on duration and how that would change with a series of interest rate hikes from the Federal Reserve.
Blackstone limited redemptions from its Blackstone Private Credit Fund to 5% after investors sought to pull shares. Swetha Gopinath has more on "Bloomberg Open Interest."
