United StatesBreaking News

Private equity is entering a new era according to Mark Sotir, the President of Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Private equity is entering a new era according to Mark Sotir, the President of  Equity Group Investments, He joins Bloomberg Open Interest to break down why founders are rushing for stability, how AI is boosting productivity, not replacing jobs, and why rising interest rates and competition are making it harder than ever to generate returns.

Avis shares tripled in two weeks, crushing short sellers with $2.5 billion in losses. But bears are doubling down short interest now near a decade high at 58%. Analysts question the rally's fundamentals, warning the surge looks like a short squeeze, not real growth. Bloomberg's Jordan Fitzgerald joined Bloomberg Open Interest with details.

Seema Shah, Principal Asset Management chief global strategist, discusses the outlook for US equities amid recent geopolitical tensions and rising oil prices. She speaks on "Bloomberg Open Interest."

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby sidestepped a question about if he's interested in buying rival American Airlines. But he did say discussions have been held with one airline about buying some assets. He also spoke to Lisa Abramowicz in Chicago about jet fuel prices, earnings and travel demand.

Scott Kirby, the chief executive officer of United Airlines Holdings Inc., said he wouldn't comment when asked if his company would be buying American Airlines. Kirby did say he is focused on leveling the playing field with foreign airlines and building a "great global airline that all US citizens can be proud of." He speaks with Bloomberg's Lisa Abramowicz from the company headquarters in Chicago.

Holly O'Neill, president of consumer, retail, and preferred banking at Bank of America, discusses the details of the firm's latest consumer checkpoint.

Rogers Communications (NYSE:RCI) delivered a robust performance for the first quarter of 2026, characterized by double-digit revenue growth and a significant expansion in cash flow.

Wabtec (NYSE:WAB) delivered a robust start to 2026, reporting first-quarter sales of $2.95 billion, a 13% increase over the prior year.

M/I Homes (NYSE:MHO) announced financial results for the first quarter ended March 31, 2026, reflecting a period of consolidation within the residential construction sector.

Iran's Islamic Revolutionary Guard Corps had seized two ships in Hormuz and brought them to shore for inspection Wednesday, according to reports from Iranian state television. Tyler Kendall has more on Bloomberg Television.

Teledyne Technologies (NYSE:TDY) reported record-breaking results for the first quarter of 2026, characterized by significant margin expansion and double-digit earnings growth.