Bloomberg News and Videos — Page 140

Andy Burnham delivers a speech after he is officially named leader of the UK's Labour Party. "This is a proud moment," he says. Burnham is set to become the UK's next prime minister.

The US intensified attacks on Iran beyond military targets during a sixth straight day of hostilities. Iran responded by firing on US bases in Kuwait, Jordan and Bahrain, increasing fears of a return to full war with no agreement reached over the Strait of Hormuz. Tyler Kendall reports on Bloomberg Television.

Sunday's World Cup final pits Spain against Argentina. On the sidelines, a different kind of battle has been raging. The world's biggest sports brands have spent the tournament fighting for sales and buzz they hope will outlast the final whistle. Some of the biggest soccer stars have also been making headlines off the field for their fashion choices, with luxury man bags among the must-have accessories for the sport's elite. Bloomberg's Tim Loh and Bloomberg Opinion's Andrea Felsted discussed the World Cup's corporate wins on The Pulse with Francine Lacqua.

Andrew Sheets, global head of fixed income research at Morgan Stanley, says, "the Fed is not the problem" for markets, but "there is going to be ongoing concern around AI spending."

A surprise breakthrough from a Chinese artificial intelligence startup rippled through global markets Friday, sending AI and semiconductor stocks sharply lower. The catalyst was Moonshot's new Kimi K3 model, which the company said rivals the strongest offerings from OpenAI and Anthropic PBC. Bloomberg's Matt Bloxham breaks down the situation.

Anna Edwards, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Beata Manthey, European equity strategy head at Citi, discusses recent market moves and short-term volatility. She tells Bloomberg Television the outlook for global stocks over the next six-to-twelve months remains positive. "Major indices around the world are hitting or are close to all-time highs," Manthey says.

India's former Agriculture Secretary Siraj Hussain says deficient rainfall could curb crop output, lift food prices and weaken rural incomes. He discusses the economic impact of a weak monsoon on Insight With Haslinda Amin.

Incoming UK Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water within days of taking office. Bloomberg Economics' Ana Andrade breaks down the situation.

A marathon week of earnings from Wall Street banks and some of the world's biggest tech companies has delivered the latest sign of sustained demand for the artificial intelligence buildout. Meanwhile, investors remain sceptical on whether the AI-driven rally can withstand lofty valuations and uncertainty around the impact of the Middle East conflict continues to swirl. Opening Trade guests discuss whether global stocks can continue to build on earnings strength or if the AI trade has run its course.