Apple's new CEO is putting his own stamp on the company and making design a much bigger priority. Bloomberg's Mark Gurman discusses how John Ternus is taking a hands-on role as Apple prepares a wave of new products in this week's Power On newsletter - also now a podcast. He joins Ed Ludlow on "Bloomberg Tech."
CH Robinson agreed to buy trucking brokerage firm RXO Inc. in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market. Through a cash-and-stock transaction valued at about $5.8 billion, CH Robinson aims to diversify its business and capitalize on RXO's abilities in expedited and last-mile delivery. CH Robinson, which has been using AI to transform its operations to become leaner, intends to use the system to extract $300 million of cost savings within two years. Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst says that the $300 million estimate could be conservative.
Stuart Kaiser, head of US equity trading strategy at Citigroup Global Markets, says higher gas prices are causing consumer be "edgy" as we get closer to the holiday season. He also expects CEOs to deliver bullish messages during earnings season. He speaks on "Bloomberg Open Interest."
Elon Musk confirmed that TSMC and his companies are discussing a possible chipmaking partnership in Texas. The project could make TSMC a supplier to Tesla, SpaceX and xAI. Carmen Reinicke has more on "Bloomberg Open Interest."
Is gold's latest bounce a real opportunity or just another bear market trap? Carley Garner, DeCarley Trading Senior Commodity Strategist and Broker, joins Bloomberg Open Interest to bread down why seasonal trends, falling crude oil, and Treasury correlations could fuel a short term gold rally, even as she stays bearish long term.
Bloomberg's Liana Baker discusses Schneider Electric's roughly $23 billion cross-border acquisition of software firm PTC, describing it as the French company's largest deal and a strategic push into industrial software. She speaks on "Bloomberg Open Interest."
The world's tech billionaires made a combined $845 billion through Sept. 30. US tech billionaires make up 36% of the newly relaunched Bloomberg Billionaires Index. Elon Musk tops the list. Bloomberg's Dylan Sloan reports.
CH Robinson Worldwide agreed to buy trucking brokerage firm RXO in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market. Liana Baker has more on "Bloomberg Open Interest."
Michael J. Wolf, co-founder and CEO of Activate joined Bloomberg Open Interest to break down the $110B Skydance Paramount merger, how cable still "banks" streaming, and why AI is reshaping costs, jobs, and growth across corporate America, before the real gains ever hit the bottom line.
Oil fluctuated in jittery trading, as Saudi Arabia cut prices of its benchmark grade to Asia, the kingdom's state producer warned about the risk of low stockpiles and as fighting in Yemen intensified. Martijn Rats, Global Commodities Strategist at Morgan Stanley, discusses upside oil risks amid broader Middle East fighting.
A drop in oil prices brought some relief to Wall Street, tempering concerns over Europe's public finances that sent the euro to its weakest level since May 2025. Jack Manley, Global Market Strategist at JPMorgan Asset Management, discusses Euro contagion risk, the Fed, and outlook for US equities and bonds.
On this episode of Stock Movers: - PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom. - Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies Co.'s novel LogicFolding chipmaking technique. - Taiwan Semiconductor (TSM) shares are gaining with sentiment boosted by discussions between the Taiwanese chip giant and Elon Musk's Terafab on potential collaboration
