Skip to main content

United States Financial

Bloomberg
Financial

Warsh Bringing Things Back to 'Good, Normal Space,' Sonal Desai Says

Sonal Desai, fixed income CIO at Franklin Templeton, discusses what Federal Reserve Chairman Kevin Warsh accomplished as the central bank raised interest rates for the first time in three years. "What I saw was just somebody who seems to be trying to bring us back to what I would consider a good, normal space," she tells "Bloomberg Surveillance."

Read more: Warsh Bringing Things Back to 'Good, Normal Space,' Sonal Desai Says
Bloomberg
Financial

Carney Says Canada Welcomes EU Associate Membership Idea

Prime Minister Mark Carney addresses European lawmakers in Strasbourg, France, calling for a closer alliance between Canada and the European Union. "Yesterday President Von der Leyen spoke of moving beyond CETA [Canada-European Union Comprehensive Economic and Trade Agreement] to an alliance for the future, opening the door to Canada becoming the European Union's first associate member," Carney said during his speech. "Canada welcomes this ambition."

Read more: Carney Says Canada Welcomes EU Associate Membership Idea
Bloomberg
Financial

ECB's Makhlouf on Inflation, Economy, Rates

ECB Governing Council member Gabriel Makhlouf discusses the outlook for inflation, the economy and interest rates. "At a time of uncertainty, every meeting is a live meeting for the European Central Bank," the Irish central-bank chief told Bloomberg Television when asked whether there is a chance of an interest-rate hike in October if circumstances require it.

Read more: ECB's Makhlouf on Inflation, Economy, Rates
Bloomberg
Financial

King Charles to Press AI Chiefs on Safety Reassurances

King Charles III plans to ask some of the most critical figures in artificial intelligence for reassurances the technologists can keep their inventions under control. Nvidia CEO Jensen Huang, OpenAI's CFO Sarah Friar and Google DeepMind co-founder Demis Hassabis will attend the event in Scotland. Bloomberg's Tom Mackenzie reports.

Read more: King Charles to Press AI Chiefs on Safety Reassurances
Bloomberg
Financial

Oil Holds Drop as Saudi Arabia Seeks to Restore Pipeline

Oil held a drop on signs that supply disruptions in the Middle East are set to ease, with Saudi Arabia seeking to restore capacity of its damaged East-West pipeline. Global fuel markets have been squeezed by the combined impact of the US-Iran conflict and the war between Russia and Ukraine, with Kyiv pummeling Moscow's refineries. Bloomberg's Will Kennedy breaks down the situation.

Read more: Oil Holds Drop as Saudi Arabia Seeks to Restore Pipeline
Bloomberg
Financial

State Street Says Any Tech Weakness Is Chance to Rebuild

State Street Equity Research Head Marija Veitmane says she remains constructive on technology stocks, arguing that the sector's strong earnings and profitability tell a favorable story despite the conversation about slowing down development of cutting-edge artificial intelligence models. "We strongly suspect that regulation is very likely to be kind of more supportive for larger companies," Veitmane tells Bloomberg Television.

Read more: State Street Says Any Tech Weakness Is Chance to Rebuild