Bloomberg News and Videos — Page 684

A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target, minutes of the April 28-29 Federal Open Market Committee meeting showed. Mike McKee reports.

Acting US Attorney General Todd Blanche made the announcement Wednesday in Miami. The charges stem from the downing of two civilian aircraft in 1996. They were operated by a Florida-based exile group called Brothers to the Rescue. Bloomberg's Myles Miller reports.

Kurt Anderson, Senior Vice President, Strategy & Business Development, Kyndryl U.S. kicks off the Building an AI Future-Ready Business event in New York by discussing new ways to enable continuous enterprise transformation and a competitive edge with AI.

A jury rejected Elon Musk's claims that OpenAI under Sam Altman's leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. In a post on X this week, Musk said that he will be filing an appeal with the Ninth Circuit court, noting "the judge and jury never actually ruled on the merits" of the case. For a closer look, we speak with Matthew Schettenhelm, media litigation analyst for Bloomberg Intelligence.

Target Corp.'s turnaround gained traction last quarter, but the retailer worried investors after striking a more cautious tone about the coming months. The company that has been struggling to revive growth after a pandemic-fueled boom showed Wednesday that it's making progress. Comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The chain also raised its annual revenue guidance by 2 percentage points to about 4%. Target is looking to win back increasingly selective shoppers amid resurgent concerns about inflation as the conflict in the Middle East boosts gas prices. Competitors such as Walmart Inc. and Costco Wholesale Corp. have been gaining market share with low prices, increased online options and expanded selections. For more on Target's results, we speak with Jennifer Bartashus, Senior Retail Staples Analyst for Bloomberg Intelligence.

FTSE Russell Head of Global Investment Research Indrani De says the AI-fueled rally in equities is running out of breadth. She speaks on "Bloomberg Open Interest."

Nvidia faces a high bar as it looks to keep the AI rally going. Goldman Sachs Semiconductor Research Analyst Jim Schneider discusses expectations ahead of the chipmaker's highly anticipated results on "Bloomberg Open Interest."

With Kevin Warsh set to take office on Friday and the war-driven price shock sending bond yields higher, analysts say a widely-used indicator is suggesting AI is worsening the Fed's inflation problem. James Egelhof, Chief US Economist at BNP Paribas, discusses the Fed's rate path, inflation pressures, and how AI ties into the mix.

Peter Orszag, CEO of Lazard, joins Dani Burger on "Bloomberg Deals." He says the US economy is now a heavy bet on the success of artificial intelligence. He also talks about how Lazard advised on NextEra Energy buying Dominion Energy for $67 billion.

Peter Orszag, CEO of Lazard, joins Dani Burger on "Bloomberg Deals." NextEra Energy's $67 billion deal for Dominion Energy vaults Lazard several steps up in the closely watched Wall Street league tables. The deal shores up Lazard's long-time reputation as a go-to adviser on big deals.