Cryptovidint

Bloomberg

Private Aviation 'Immunized' from Fuel Cost Spikes, Says Wheels Up's George Mattson

George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy.

Read more
Bloomberg

AI Chipmaker Cerebras Climbs 68% After Year's Biggest IPO

Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year's largest IPO, illustrating investors' surging appetite for artificial intelligence data centers and the chips running them. Shares of the Sunnyvale, California-based company pared earlier gains to close at $311.07 each on Thursday in New York, above the $185 IPO price, after being halted earlier for volatility. Cerebras' first-time share sale raised nearly 60% more than its target when it launched, and priced above a marketed range that was revised higher on Monday. Bloomberg's Ed Ludlow joins to discuss.

Read more
Bloomberg

How Epstein Built His Sprawling Web of Influence

Jeffrey Epstein's emails, appointment books and message logs reveal how the disgraced financier built a sprawling web of rich, powerful and influential contacts. He was a relentless networker, regularly introducing his acquaintances to each other and treating those introductions like business deals always putting himself at the center of the transaction. Bloomberg's Lizzie Fournier joins to discuss.

Read more
Bloomberg

Easing Chip Export Controls Will Fuel China's 'Techno-Surveillance State' Says Rep. Krishnamoorthi

Congressman Raja Krishnamoorthi, Democrat representing Illinois' 8th District joined Balance of Power to discuss the recent meeting with Trump and Xi Jinping and the importance of not easing chip exports to China. Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.

Read more
Bloomberg

China Renews Import Permits for US Beef Plants as Xi, Trump Meet

hina has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world's two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they're not authorized to speak to media. Senator Steve Daines, Republican from Montana joins Balance of Power to discuss.

Read more
Bloomberg

Ericsson CEO: To Compete With China, You Need to Lead on Technology

Ericsson CEO Borje Ekholm discusses the company's China exposure, both from a consumer and supply chain perspective, and what he makes of the relationship between the US and China following the meeting between President Donald Trump and China's Xi Jinping in Beijing. Live from the sidelines of the Spark Summit in California, he joins Caroline Hyde on "Bloomberg Tech."

Read more

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.