Bloomberg News and Videos — Page 524

Europe has been experiencing a record-breaking heat wave, with temperatures soaring to historic highs, particularly in France where temperatures were above 110 degrees Fahrenheit. Bloomberg News Weather & Climate Reporter Joe Wertz and Climate Reporter Emma Court are on Bloomberg This Weekend to warn that such extreme heat events are likely to become more frequent globally, potentially driving up costs and contributing to what is being termed 'climate inflation,' placing additional financial burdens on consumers.

Technology stocks closed out a volatile week sharply lower as investors reassessed the sustainability of the AI trade, with concerns over rising semiconductor costs, memory pricing and capital spending. Bloomberg Intelligence Global Head of Technology Research Mandeep Singh and Bloomberg News Macro Strategist Cameron Crise also explain to hosts of Bloomberg This Weekend David Gura and Christina Ruffini the evolving US restrictions on advanced AI models, the cooling IPO market, and questions over whether AI companies can generate enough revenue to justify soaring valuations amid rising costs.

As the United States, Canada, and Mexico prepare to renegotiate the USMCA trade deal, one industry sits squarely at the center of the debate: automobiles. Companies like Linamar depend on highly integrated supply chains that send components across borders multiple times before a vehicle is completed. Nobel laureate Paul Krugman argues that competition from China demands some trade barriers, while Council on Foreign Relations expert Shannon O'Neil says the region's manufacturing strength depends on cross-border production. Supporters of the agreement warn that uncertainty poses the biggest risk to investment, jobs, and the future of a trade relationship that supports over a trillion dollars in annual commerce.

As Ebola cases rise in the Democratic Republic of Congo and Uganda, Africa CDC's Director General Jean Kaseya says more funding from Western governments is needed to contain the outbreak. Kaseya warns that closing borders won't stop the virus from spreading.

The CEOs and co-founders of Earn Your Leisure, Rashad Bilal and Troy Millings, explain their educational platform that looks to help individuals gain financial freedom and generational wealth. They discuss how to ride the tech stock wave with Romaine Bostick and Katie Greifeld on Bloomberg's "The Close."

Campbell Brown, Co-Founder and CEO of Forum AI, discusses the need for AI companies to open up for scrutiny. She discusses with Romaine Bostick on Bloomberg's "The Close."

Kathy Kriskey, Invesco's Alterative ETF Strategy Head, helps make sense of oil's drop as ships continue to cross through the Strait of Hormuz despite attacks. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Dan Skelly, managing director and head of the equity model portfolio team at Morgan Stanley Wealth Management, joins Lisa Mateo and Tom Keene on "Bloomberg Money."

Margaret Nyambumo, founder of coffee company Kahawa 1893 and third-generation coffee farmer, said that she created the option to directly tip the female farmers who grow her coffee beans because she wanted to find a way to consistently and fairly compensate them regardless of fluctuation in coffee prices. Nyambumo said that the tips from customers which are matched by the company have been used by one of the farming collectives to start a scholarship for young girls to stay in school.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.