Early Anthropic investor Anjney Midha unloads on traditional venture capital, arguing firms failed investors by missing the AI revolution. He explains why he's still buying Anthropic, predicts public markets will embrace frontier AI, and reveals why Stripe's OpenRouter acquisition may really be a massive bet on securing the agentic internet.
After a turbulent stretch for the US bond market, traders headed into Friday's session with questions about what Treasury Secretary Scott Bessent's next move will be. Kevin Gordon, Head of Macro Research & Strategy at Schwab Center for Financial Research, discusses the bond buyback announcement and impact on the market.
The US bond buyback pledge that whipsawed markets this week is prompting comparisons with policies in Japan, where efforts to contain borrowing costs resulted in prolonged currency weakness. The dollar is trading at a three-month low and is on track for its worst week this month. Geoffrey Yu, Senior EMEA Strategist at BNY, discusses the treasury buy backs and the dollar's resilience in correlated selloffs.
Bridgeway Capital CEO John Montgomery joins Bloomberg Open Interest to talk about why small-cap value ETFs could be poised for a comeback after years of large-cap dominance. He breaks down the advantage active ETFs can have in less-liquid stocks, why valuations look compelling, and why AI still isn't a guaranteed source of investing alpha.
Critical Metals CEO and Executive Chairman Tony Sage joins Bloomberg Open Interest to warn the US is still years away from breaking China's grip on key rare-earth metals, with processing capacity emerging as the biggest hurdle. Sage also says the US-listed firm is on track to start producing rare earth elements from a key Greenland mine in three years.
Critical Metals CEO and Executive Chairman Tony Sage joins Bloomberg Open Interest to warn the US is still years away from breaking China's grip on key rare-earth metals, with processing capacity emerging as the biggest hurdle. He explains the geopolitical risk of that delay and pushes back on concerns surrounding its Greenland project, saying production remains on track for 2029.
On this episode of Stock Movers: - Broadcom (AVGO) is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies, according to people with knowledge of the matter. - Ross Stores (ROST) shares climb after the off-price retailer boosted its earnings per share forecast for the full year. The company said it saw strength throughout the second quarter, with comparable store sales growth supported by "both an increase in new customers and higher engagement from existing customers." - BJ's Wholesale (BJ) boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.
Broadcom is in talks to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies. Ed Ludlow reports on Bloomberg Television.
Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners, saying "You are either with us, or against us." He is scheduled to talk more about the plans on Monday. Bloomberg's Tyler Kendall reports.
Molly Brooks, US rates strategist at TD Securities, sees the potential for an "asymmetric risk" to markets from Federal Reserve Chairman Kevin Warsh's comments in Jackson Hole next week and explains what she sees driving the recent back up in long-end Treasuries.
Max Kettner, chief multi-asset strategist at HSBC, sees US growth momentum starting to slow down and says, "a streak of a couple of weeks uninterrupted of negative economic surprises" can bring back a bid for duration in US Treasuries.
Samsung Electronics Co. expects to return as much as 110 trillion won ($79 billion) to shareholders this year, handing investors a chunk of the windfall generated by the AI rush. Tom Mackenzie reports on Bloomberg Television.
