Bloomberg News and Videos — Page 460

KBW CEO Tom Michaud says the banking industry has "hit a new level of profitability and has a chance to even do better" as he examines record-breaking second-quarter results from Wall Street's largest banks.

The US struck an oil tanker near Iran's main export terminal for the first time since the restart of the blockade on the Islamic Republic's ports as Washington intensifies strikes against Tehran. Tyler Kendall reports on Bloomberg Television.

South Korea will temporarily halt new listings of single-stock leveraged exchange traded products to curb market volatility. The move follows a a surge in popularity of funds tied to Samsung Electronics Co. and SK Hynix Inc. Bloomberg's Tom Mackenzie and Neil Campling discuss.

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

Sharon Bell, Goldman Sachs senior European equity strategist, discusses tech and artificial intelligence earnings, saying "hyperscalers will be upping their capex spending again in 2027." Speaking on Bloomberg Television, she adds: We think, ultimately, this will be a big productivity gain for GDP in aggregate."

While markets await TSMC earnings, South Korea's chip-heavy KOSPI was sharply lower as investors mull a report that semiconductor makers ASML plan to raise its prices. Jean-Paul van Oudheusden, Market Analyst at etoro spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the demand for the chips.

TSMC posted quarterly profit that beat estimates. The main chipmaker for Nvidia Corp. and Apple Inc. reported a rise in net income for the June quarter to NT$706.6 billion ($22 billion), surpassing the average estimate of NT$623.7 billion. The steady growth highlights the company's central role in producing the vast majority of the world's most advanced chips for data centers and smartphones. Bloomberg's Stephen Engle reports.

Fatih Birol, Executive Director of the International Energy Agency, says markets are nervous and "grappling with big uncertainty" as escalating attacks threaten shipments of oil, fertilizer, natural gas, and other cargoes through the Strait of Hormuz. He warns global economies will suffer, with developing nations and Asia most exposed. He speaks with David Gura on the sidelines of the Aspen Security Forum on Bloomberg: The Asia Trade.

Nvidia co-founder Jensen Huang stressed that the US company's next-generation AI accelerator systems were in production and on track for delivery. Bloomberg's Nick Turner reports.

US Trade Representative Jamieson Greer discusses the Section 301 investigation on Brazil and says the US is now in a trade surplus with Switzerland. Speaking with Bloomberg's David Gura on "Asia Trade," Greer also says China's compliance is not perfect, when asked about a bilateral rare earths pact.