GM and Lockheed partner on defense manufacturing
General Motors (NYSE:GM) and Lockheed Martin (NYSE:LMT) launched a partnership to expand U.S. defense production capacity.
General Motors (NYSE:GM) and Lockheed Martin (NYSE:LMT) launched a partnership to expand U.S. defense production capacity.
Sara Araghi, portfolio manager at Franklin Templeton - which backed SpaceX long before its IPO - says SpaceX cementing its $60 billion takeover of Cursor so quickly "makes sense" considering the company's AI ambitions. She joins Ed Ludlow on "Bloomberg Tech."
The World Cup is shaping up to be one of the biggest betting events of the year. David Katz, analyst at Jefferies, joins "Bloomberg Open Interest" from the Jefferies Consumer Conference in Nantucket to discuss the betting boom. Correction: This video has been edited to update a graphic with correct analyst disclosures.
Shaun Maguire, Sequoia Capital Partner and SpaceX investor, joins to discuss SpaceX's IPO and what it means for venture capital investing, SpaceX's plans for orbital data centers and his thoughts on upcoming mega-AI IPOs. Sequoia owns just under 1.5% of Elon Musk's company. He sits down with Ed Ludlow on "Bloomberg Tech."
Andrew Hollenhorst, Citi Research chief US economist, says the recent decline in oil prices has shifted the inflation outlook from an upside risk to a deflationary pressure which could lead to a dovish stance at the Federal Reserve's next meeting. He speaks on "Bloomberg Surveillance."
Stanford Management Company CEO Rob Wallace discusses his views on the US economy, and the challenges of managing a $50 billion portfolio for Stanford University's endowment. He joins David Rubenstein on this week's episode of Bloomberg Wealth. The interview was recorded April 9 in Palo Alto, CA.
Royal Bank of Canada Chief Executive Officer Dave McKay says it's "unbelievable" how fast artificial intelligence is training staffers. He says the technology is also making workers more efficient. He spoke to Lisa Abramowicz on Tuesday at a Bloomberg Newsmakers event in Toronto.
Marc Pinto, the Global Head of Private Credit at Moody's Ratings, joins Bloomberg Open Interest to explain why private credit is entering a pivotal phase. While AI infrastructure spending is creating huge lending opportunities, cracks are beginning to emerge in software-focused portfolios. Pinto warns that the real test comes in 2028, when a wave of refinancing could expose which borrowers survive and which don't.
French Foreign Ministry spokesman Pascal Confavreux speaks with Bloomberg's Tyler Kendall on the sidelines of the G7 gathering in Evian, France. He discusses the deal with Iran, including the reopening of the Strait of Hormuz, as well as tolls concerns and incentives. He also addresses technology, AI, and France's digital services tax.
Royal Bank of Canada CEO David McKay says there is a risk-on attitude in the market right now, driven by the push for AI and computing capacity. He speaks with Lisa Abramowicz at a Bloomberg Newsmakers event.
President Donald Trump says the peace deal with Iran includes "99.9% of what he wants." Speaking at the Group of Seven summit in France, Trump said the deal will prevent Iran from ever having a nuclear weapon. The deal is set to be signed on Friday in Switzerland.
On this episode of Stock Movers with Alexis Christoforous: - Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter. - Dave & Buster's (PLAY) shares tumble after the operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year. - Robinhood Markets (HOOD) shares are up after it said it is reducing its full-time employee workforce by 10%, and also closing a small number of open roles.