Bloomberg News and Videos — Page 31

Dan Ives, partner and senior managing director at Yorkville, Ives, and Company, says the upcoming earnings from major technology companies will be an important test of confidence in AI. He also talks about giving investors a chance to invest in private ai companies.

Tenstorrent CEO Jim Keller discussed the chip startup's $1.5 billion funding round, which values the company at about $6.2 billion. He said the company is focused on scaling its Galaxy server program and developing AI intellectual property, rather than pursuing a sale. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Warren Buffett, chairman emeritus of Berkshire Hathaway, is worth $150 billion, according to the Bloomberg Billionaires Index. Until recently, a longtime favorite of his, Bill Gates, was taking care of giving most of the money away through his behemoth global foundation. Then came the revelations about Gates' relationship with Jeffrey Epstein. Now, it's Buffett's three children that will inherit the task of distributing his enormous wealth. Bloomberg News' Wealth Reporter Sophie Alexander and US Insurance Reporter Alex Rajbhandari spoke with Susie, Howard, and Peter about their plans for their Dad's legacy.

Meredith Whitney, CEO of the Meredith Whitney Advisory Group, says many retailers will struggle during this earnings season because because household costs have been rising since the start of the Iran war. She speaks on "Bloomberg The Close."

David Kelly, chief global strategist at JPMorgan Asset Management, and Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, discuss their latest Long-Term Capital Market Assumptions report, which projects about 7% annual returns for 60/40 portfolios over the next 10 15 years. They speak on "Bloomberg The Close."

Powered by Elon Musk's $178 million in donations, two Republican super political action committees raked in $367 million in the third quarter, adding to the prodigious financial advantage the GOP enjoys even as its odds for holding its House and Senate majorities grow longer. The Senate Leadership Fund reported $273 million in fundraising, according to Thursday filings with the Federal Election Commission, a total that includes $158 million in contributions from Musk as well as seven-figure donations from billionaires Stephen Schwarzman, Joe Ricketts and Stephen Wynn. For more, we speak with Bill Allison, Bloomberg News Campaign Finance Reporter.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Norah Mulinda.

Amanda Lynam, chief credit strategist at Goldman Sachs, says recent widening in AI-related credit spreads resembles an earlier episode but differs because high-yield debt is now leading the move and investors are raising fundamental questions. She speaks on "Bloomberg The Close."

Bloomberg's Brody Ford said that issues facing the IPO of AI firm Nscale are 'endemic' to the larger AI data center industry as developers try to source power and labor and contend with potential delays. Bloomberg's Bailey Lipschultz said that the tone has shifted for AI IPOs as more companies slow down on going public before the end of the year.

The US will turn some "dark fleet" oil tankers into legitimate ships that can legally carry crude, says Energy Secretary Chris Wright. He says investors will refurbish some ships and have them carry non-sanctioned oil. He speaks to Bloomberg's Annmarie Hordern at a Citadel Securities event in New York.