Bloomberg News and Videos — Page 169

Russell Investments is being acquired by a group of investors led by B Capital Group and California Public Employees' Retirement System to ready the asset manager for the AI era. Silla Brush reports on "Bloomberg Open Interest."

Flexport CEO Ryan Petersen joins Bloomberg Open Interest to explain why the biggest threat to global shipping isn't the Strait of Hormuz it's still the Red Sea. He breaks down the surge in imports driven by tariff uncertainty, why companies are stockpiling inventory after the COVID supply chain crisis, and how Panama Canal drought risks could create the next bottleneck.

Germany is buying US Tomahawk missiles even as Europe races to build its own defense industry. Bloomberg Economics' Becca Wasser joins Open Interest to explain why America is prioritizing its own missile stockpiles, why Europe still depends on U.S. weapons, and how China's industrial strength is reshaping the global military balance.

Meta is making its biggest AI monetization move yet. Bloomberg's Kurt Wagner had an exclusive interview with Mark Zuckerberg. They talked about why the company is betting on ultra-low API pricing to win developers, how Meta plans to turn massive AI investments into real revenue, and what the AI transformation means for employees, investors, and the race against OpenAI and Google.

The US accounting board is examining if any changes to its rulebook are necessary should the Securities and Exchange Commission scale back how often publicly traded companies need to report their earnings to investors. Sandy Peters, Senior Head of Global Advocacy at CFA Institute, discusses sentiment around a potential move to semi-annual reporting.

On this episode of Stock Movers: - PepsiCo (PEP) shares are higher as it reported core earnings per share for the second quarter that beat the average analyst estimate. - Levi Strauss (LEVI) shares are lower as its full-year forecast boost underwhelmed, despite its earnings beating the average analyst estimate. - Costco (COST) shares are moving as reported total comparable sales for June that missed the average analyst estimate.

David Lebovitz, global market strategist at JPMorgan Asset Management, says artificial intelligence is becoming an "everywhere'' trade and investors are getting better at distinguishing opportunities. "AI is everywhere. And so it's how you play it, not whether or not you play it,'' he says on Bloomberg Television's "Surveillance.'"

AstraZeneca Plc's shares dropped more than 10% after a trial of a new heart drug failed to help prevent heart problems in patients with a rare disease. Bloomberg Intelligence's Sam Fazeli has more on "Bloomberg Open Interest."

Micron's stock surged following the company's announcement of a planned investment of up to $3 billion aimed at bolstering the U.S. semiconductor supply chain. Ed Ludlow has more on "Bloomberg Surveillance."

UIS initial jobless claims decreased by 2,000 to 215,000 in the week ended July 4, a period that included the Independence Day holiday. The median forecast in a Bloomberg survey of economists called for 217,000 applications. Mike McKee reports on "Bloomberg Open Interest."