Bloomberg News and Videos — Page 712

A record-breaking global stock rally driven by AI optimism stalled in Asia on Friday, with sentiment souring across assets as global yields rise. Bloomberg Markets Live Executive Editor Mark Cudmore explains.

OpenAI CRO Denise Dresser said that the company's enterprise business - which makes up 40% of its total revenue - has "incredible momentum" and was expected to reach 50% by the end of the year. Dresser made the comments in an exclusive interview with BTV's Tom Mackenzie on Thursday.

United States Trade Representative Jamieson Greer talks about the results so far from the Trump-Xi summit, saying the meetings have already delivered tangible returns. He speaks with Bloomberg's Annmarie Hordern in Beijing.

Jamieson Greer, Trade Representative of the United States, signaled cautious optimism that US-China trade relations are stabilizing, with progress on agriculture purchases and rare earth supplies, though tariffs and supply chain issues remain. He speaks exclusively to Bloomberg's Annmarie Hordern, on the sidelines of the US-China summit in Beijing on "Bloomberg: The Asia Trade".

Xi Jinping warned that Taiwan could lead to "clashes" between the US and China, calling it a "highly dangerous situation" for the world's biggest economies. Bloomberg's Stephen Engle breaks down the situation.

George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy.

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.

Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year's largest IPO, illustrating investors' surging appetite for artificial intelligence data centers and the chips running them. Shares of the Sunnyvale, California-based company pared earlier gains to close at $311.07 each on Thursday in New York, above the $185 IPO price, after being halted earlier for volatility. Cerebras' first-time share sale raised nearly 60% more than its target when it launched, and priced above a marketed range that was revised higher on Monday. Bloomberg's Ed Ludlow joins to discuss.

Jeffrey Epstein's emails, appointment books and message logs reveal how the disgraced financier built a sprawling web of rich, powerful and influential contacts. He was a relentless networker, regularly introducing his acquaintances to each other and treating those introductions like business deals always putting himself at the center of the transaction. Bloomberg's Lizzie Fournier joins to discuss.

Dow Chair and CEO Jim Fitterling says the company is "hardly moving anything" through the Strait of Hormuz due to the war in Iran. He says it could take 275 days for things to get back to normal after the waterway is reopened. He speaks to Bloomberg's Caroline Hyde on the sidelines of the Spark Summit in California.