Bloomberg News and Videos — Page 418

Visa is eliminating about 2,600 jobs, or roughly 7% of the workforce, as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient. Paige Smith reports on Bloomberg Television.

Former Kansas City Fed President Thomas Hoenig says raising interest rates in September would be very difficult since it's so close to Election Day. Hoenig also says Fed press conferences don't have to be held after every meeting. He speaks on "Bloomberg Surveillance."

Former Federal Reserve Governor Betsy Duke does not expect the Federal Reserve to move on interest rates Wednesday, but she does say a good case can be made for a quarter-point hike. She speaks on "Bloomberg The Close."

Boeing generated better-than-expected cash flow in the second quarter thanks to higher payments for new aircraft. The positive cash surprise was overshadowed by a fresh $280 million charge for the Air Force One program, which is years behind schedule and billions over budget. Brooke Sutherland reports on Bloomberg Television.

The Federal Reserve is widely expected to keep interest rates on hold Wednesday according to a Bloomberg poll of economists, but some say Chairman Kevin Warsh could still surprise Wall Street with a hike. Bloomberg's Michael McKee will be covering the decision and has a preview of what to look for.

The US and Iran extended their pause in hostilities for a fourth straight day, with the focus on talks between Tehran and Oman over restarting traffic in the Strait of Hormuz. Tyler Kendall reports on Bloomberg Television.

China set boundaries on new US tariffs while warning Washington against sanctioning Chinese artificial intelligence companies just weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping. Brendan Murray reports on Bloomberg Television.

Laura Cooper, macro credit head at Nuveen, discusses the selloff in semiconductor stocks and says that it is not a cause of meaningful concerns about drawdowns in the tech space as the earnings backdrop remains "exceptionally robust." She adds that so far, investors show an interest in continuing to bet on "big AI ambitions." Cooper speaks on Bloomberg Television.

A selloff in semiconductor stocks deepened Tuesday as concern grows over the sustainability of the artificial intelligence spending boom. A report that a Chinese state-backed company has begun mass producing immersion deep ultraviolet lithography machines fueled fears of rising competition that could flood worldwide capacity. Bloomberg's Neil Campling reports.

Mercedes-Benz Group reported resilient carmaking profits that beat expectations even as deliveries fell due to a slump in China. The company kept its 2026 carmaking margin outlook at 3% to 5%, but it cut its forecasts for revenue and vehicle deliveries to slightly below last year's levels. Bloomberg's Elisabeth Behrmann reports.