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Delta Air Lines CEO Ed Bastian discusses consumer demand, the effects of rising jet fuel costs and Spirit's collapse, and potential industry consolidation with Caroline Hyde on Bloomberg Television.

Cerebras Systems Inc. shares jumped 81% in its trading debut on the Nasdaq, after the artificial intelligence chipmaker and data center firm raised $5.55 billion in the year's largest initial public offering. Bloomberg's Norah Mulinda is tracking the action for us.

Bloomberg's James Attwood joins Vonnie Quinn on "Bloomberg Markets." Gold swung between gains and losses as investors weighed the Federal Reserve's interest-rate path after US data this week showed a war-driven surge in inflation.

Bob Diamond, founding partner and CEO of Atlas Merchant Capital, discusses the emerging trend of tokenized real-world assets. Speaking with Bloomberg's Caroline Hyde on "Bloomberg Markets," Diamond also comments on the recent UK political turmoil, the outlook for Middle East markets and the Senate Banking Committee advancing the so-called Clarity Act that would establish the CFTC as the primary regulator for large parts of the crypto industry.

Apple Inc.'s two-year-old partnership with OpenAI has reportedly become strained, with the AI startup preparing possible legal action after failing to see the expected benefits from the deal.

A shakeup in United Kingdom politics. Labour Member of Parliament Josh Simons will be stepping down, clearing the way for Greater Manchester Mayor Andy Burnham to return to Parliament and then seek the prime minister's job. This raises the stake for Prime Minister Keir Starmer who is fighting to keep his job. Bloomberg's Lizzy Burden has the latest.

Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company's restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look.

Cerebras raised $5.55 billion in its US initial public offering, as the AI chipmaker seizes on the surging demand for semiconductors. This is the largest IPO of the year so far. Shares were priced to open 89% above their listing price. Cerebras CEO Andrew Feldman joined Ed Ludlow on "Bloomberg Tech" before the stock started trading and called it a "pretty good day."

Largo (NASDAQ:LGO) reported a significantly narrower net loss for the first quarter of 2026, driven by a sharp increase in mining output and reduced operating expenditures that helped mitigate margin pressures caused by early-quarter U.S. import tariffs.

SBC Medical Group Holdings (NASDAQ:SBC) reported a 47% decline in net income for the first quarter of 2026, as structural overhauls to its franchise billing models outpaced steady underlying volume growth across its medical clinic network.

The Reddit-based retail investor community famous for launching the meme-stock phenomenon filed a public comment Tuesday opposing a proposed shift to semiannual, rather than quarterly, securities reports. Securities and Exchange Commission Chairman Paul Atkins unveiled the fast-tracked plan after President Donald Trump called for an end to decades-old rules mandating quarterly filing of the public disclosures known as 10-Qs. Mike McClean, Head of US Policy at Barclays, discusses the SEC's proposal to change reporting cadence, as well as what Trump is facing when he returns home from the ongoing summit in China.

Investors are underpricing the prospect that the Federal Reserve may have to abandon its bias to cut interest rates. Seema Shah, Chief Global Strategist at Principal Asset Management, discusses the path forward for central banks, especially the Fed amid the transition to a new chair.