Grocery Outlet (NASDAQ:GO) reported a first-quarter net loss of $180.3 million, or $1.83 per diluted share, compared with a net loss of $23.3 million in the same period last year.
Cisco (NASDAQ:CSCO) reported third-quarter fiscal 2026 revenue of $15.8 billion, a 12% increase from the prior-year period.
Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North America to compete with already established supply chains from China. Sternheim said that because US rare earths production won't happen overnight, it is important that president trump secures short term supply during his meeting with President Xi in China.
Lululemon Athletica's incoming CEO Heidi O'Neill gave her first speech to the company's employees this week, in which she pledged to put the athleisure brand back on track. Romaine Bostick and Katie Greifeld have more on "Bloomberg The Close."
Jack in the Box (NASDAQ:JACK) reported total revenue of $254.3 million for the second quarter ended April 12, 2026, a 4.3% decrease from $265.7 million in the prior-year period.
Cisco's fourth-quarter sales forecast topped estimates and the company announced plans to cut thousands of jobs. Lindsey Bell of 248 Ventures reacts to the report on "Bloomberg The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Christina Mohr, global chair of M&A at Citigroup, and Ian Nussbaum, partner at Latham & Watkins, join Dani Burger and Michelle Davis on "Bloomberg Deals."
The Senate confirmed Kevin Warsh as chair of the Federal Reserve with a 54-45 vote, the slimmest confirmation margin ever for a head of the central bank. Mike McKee reports.
Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. The Claude maker would then be valued at more than $900 billion. Bloomberg's Ed Ludlow reports.
US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.
Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office joins Balance of Power to discuss the recent inflation data and how this will effect the Fed's rate decisions. Warsh arrives just in time for two-year Treasury yields to touch 4%, their highest since June last year, buoyed by the strong market expectation that the fed funds rate cannot move far from where it is now but that the next move is now more likely to be a hike than a cut:
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