Bloomberg

Samsung Electronics Co.'s quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth from the suppliers of AI chips. Bloomberg's Haslinda Amin speaks with Constellation Research's Day Wang to understand what investors are thinking.

Team USA's run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA's decision to allow striker Folarin Balogun to play continued to simmer. Bloomberg's Balazs Penz breaks down the latest developments.

Erik Hirsch, Co-CEO at Hamilton Lane, discussed the firm's recent $3.8 billion fundraise aimed at co-investing alongside private equity in mid-market companies. Hirsch emphasized the focus on smaller and mid-sized firms that are typically too small to pursue public offerings, highlighting that significant returns in private markets often come from these less visible segments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Robinhood CEO Vlad Tenev says Trump Accounts are a "no-brainer" for new parents and also good for anyone under the age of 18. Speaking on "Bloomberg The Close," Tenev also comments on the future of perpetual futures.

Shares of business development companies (BDCs) have experienced significant pressure in the first half of the year, with Bloomberg Intelligence data showing a median return decline of about 7%, marking the weakest performance since 2022. Randy Schummer, Vice Chair and Chief Investment Strategist at Churchill Asset Management, addressed these concerns on the program, emphasizing that not all BDCs should be viewed the same way. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

US Chief Design Officer Joe Gebbia, co-founder of Airbnb, discusses the design and benefits of the Trump Accounts site and app on "Bloomberg The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Emily Graffeo.

Bloomberg's Mark Gurman said that despite ups and downs for Apple and Broadcom's partnership to build out AI servers is expected to last for multiple generations of Apple products. Gurman said that relationship is mutually beneficial as Apple needed Broadcom to help build out the technology and Apple remains Broadcom's biggest growth driver and revenue source.

Rudina Seseri, founder and managing partner at Glasswing Ventures, said that she is seeing strong overall demand for AI infrastructure and doesn't see AI capex falling as companies turn toward becoming vertically integrated players in the AI business. Seseri, who was joined by Bloomberg's Ed Ludlow, said that she sees future demand lying in more specialized data sets for industries rather than wide ranging data.

Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil to make it worthwhile for Asian buyers to charter a tanker to go into the Strait of Hormuz and to buy up stores of oil that have laid stagnant during the war. Wald said that while Saudi Aramco made money off of the conflict in Iran, they want the keep oil prices stable.