Federal Reserve Bank of Boston President Susan Collins says interest rates will likely need to rise more before the end of the year to help rein in inflation during a banking conference hosted by the Boston Fed.
Applied Materials CEO Gary Dickerson says he expects revenue to double over the next few years. He notes that Applied Materials had opened a $5 billion research and development center in Silicon Valley to speed development of next-generation chips. He speaks with Ed Ludlow on "The Close."
Stocks bounced from session lows as speculation the Federal Reserve won't be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence. Keith Lerner, CIO and chief market strategist at Truist Advisory Services, says the four-year-old bull market has room to run, with AI and technology still central to its prospects. He speaks with hosts Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
Leading AI executives are reportedly preparing for the possibility of a major AI-caused disaster within the next six to 12 months. AI systems have already been linked to multiple cybersecurity incidents, including breaches of outside systems and attacks affecting tens of thousands. Gautam Mukunda, Bloomberg Opinion Columnist & Lecturer at the Yale School of Management, explains why those incidents may be indicative of a much larger problem.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Tim Stenovec.
Federal Reserve Bank of New York President John Williams says one more interest-rate hike is appropriate this year, but he doesn't think the central bank will have to raise rates again in 2027. Williams spoke to Bloomberg off camera in New York. Bloomberg's Michael McKee reports.
Kelly Grieco, a senior fellow at global research firm the Stimson Center, said a ceasefire on attacking energy infrastructure between Russia and Ukraine benefits the Russians more as the country is able to sell oil to fund the war. Grieco said that even if Ukraine is not able to hit Russian energy infrastructure there are still ways to inflict damage including hitting at travel hubs like airports.
Michael Saylor, founder & executive chairman of Strategy, joins Carol Massar and Tim Stenovec on "Bloomberg Crypto." Michael Saylor says he's 'disappointed' in MSCI, which may remove his company from its indices this Friday.
Michael Saylor, founder & executive chairman of Strategy, joins Carol Massar and Tim Stenovec on "Bloomberg Crypto." Michael Saylor says he's 'disappointed' in MSCI, which may remove his company from its indices this Friday.
Michael Saylor, founder & executive chairman of Strategy, joins Carol Massar and Tim Stenovec on "Bloomberg Crypto." They discuss Strategy's plan to buy and sell Bitcoin.
Yesha Yadav, professor of Law and Associate Dean at Vanderbilt Law School, joins Carol Massar and Tim Stenovec on "Bloomberg Crypto." They discuss how sports is creating an 'attention economy' around prediction markets and the legal uncertainty still surrounding the industry.
Goldman Sachs (NYSE:GS) reported third-quarter 2026 results with net revenue of $18.68 billion, up from analyst estimates of approximately $16.71 billion to $16.86 billion.
