Democrat Senator from Arizona Mark Kelly discussed his plans to unveil a new bill aimed at mitigating AI impact on the workforce and said that it is important to generate revenue from AI companies to 'give people options.' Kelly also weighed in on President Trump's summit with China's President Xi and said he does not expect the president to have a serious negotiation on AI with his Chinese counterpart.
Microsoft will spend $10 billion through 2030 in four Persian Gulf countries. The software giant will build out infrastructure and strengthen cyber security. Microsoft President Brad Smith spoke with Bloomberg's Ed Ludlow to discuss. He also spoke about AI saying that AI safety won't advance if we rely on two companies as well the need for independent evaluators.
Representative Tim Burchett, a Tennessee Republican, wants to restrict diesel exports and says 'the American public is getting gouged.' Burchett said that big oil companies are 'compounding the problem' with prices at the pump and taking advantage of the American public because they have a monopoly on the industry.
Microsoft Corp. will spend $10 billion through 2030 in four Persian Gulf countries - Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. The software giant will build out infrastructure and strengthen cyber security. Microsoft President Brad Smith speaks to Bloomberg's Ed Ludlow.
Xi Jinping and Donald Trump will sit down this week to hash out a plethora of thorny issues from trade to Taiwan. One thing both sides agree on: neither can afford to tap the brakes on AI. Dan Ives, Partner and Senior Managing Director, Analyst at Yorkville Ives & Co. joins Paul and Scarlet to discuss.
Stocks joined bonds lower as higher oil prices stoked worries about inflationary pressures, which were further bolstered by data showing jump in US business activity at the fastest pace since 2021. Gargi Chaudhuri, Global Chief Investment Strategist at BlackRock, discusses the markets and how investors can be more selective amid a higher rate cycle.
Emerging-market currencies extended losses after the release of figures showing US business activity rose at the fastest pace in more than five years. Bloomberg Intelligence Chief EM Strategist Damian Sassower discusses the US Dollar, EM opportunities, and China's economy ahead of Trump's meeting with Chinese President Xi Jinping.
Anthropic PBC is releasing a new artificial intelligence model called Claude Opus 5.5 that is similar to Fable 5.1. Anthropic says this model is faster and costs less to use. The Claude maker is expected to hold its initial public offering as soon as this fall. Bloomberg's Rachel Metz reports.
Tom Nides, vice chairman of strategy and client relations at Blackstone, talks with Dani Burger on "Bloomberg Deals." They discuss global dealmaking, China, Canada, AI and data center "anxiety."
Traders are shielding themselves from the possibility that the Federal Reserve raises interest rates less than markets are currently pricing in. Interest-rate swaps now reflect expectations for three quarter-point rate rises by next June, a view that solidified after central bank policymakers voted last week to raise their lending benchmark by a quarter point and signaled more increases will be needed to keep inflation at bay. Phoebe White, Rates Strategist at UBS, discusses the path of rates and how many rate hikes we could see heading into 2027.
Goldman retail analyst Kate McShane joins Bloomberg Open Interest to unpack how inflation, higher gas prices and ongoing supply chain issues are reshaping the retail landscape. She explains why big players like Walmart have an edge, how value-seeking behavior is spreading across all income levels, and what it means for this year's holiday season.
PG&E CEO Patti Poppe joins Bloomberg Open Interest to warn that without fast wildfire liability reform, Californians will face slower housing growth, delayed clean energy and AI power, and higher long term costs as customers, not insurers, shoulder catastrophic wildfire risk.
