Bloomberg News and Videos — Page 749

Pinterest's first-quarter sales topped analysts' estimates as the platform leaned into the use of its own custom AI models to drive down costs and increase user engagement. Pinterest CEO Bill Ready joins Caroline Hyde on "Bloomberg Tech."

Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on "Bloomberg Tech."

Alan Schwartz, executive chair of Guggenheim Partners, discusses surging US power demand from electrification and AI, arguing data centers and hyperscalers should be seen as partners in lowering long term electricity costs. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Schwartz also addresses the recent concerns about the private credit market.

Jack Mallers, co-founder and CEO of Twenty One Capital, joins Tim Stenovec on "Bloomberg Crypto." Tether has proposed that Twenty One Capital merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm, at a time when Twenty One Capital's main business of investing in Bitcoin has fallen out of favor.

Sandy Kaul, head of innovation at Franklin Templeton and Denelle Dixon, CEO of Stellar Development Foundation, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." The firms recently marked the five year anniversary of the Franklin OnChain US Government Money Fund (Ticker: FOBXX). The suite of tokenized funds recently reached $2 billion in assets.

Bloomberg's Emily Nicolle joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." Crypto exchange Coinbase will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence.

President Donald Trump spoke to reporters about the latest on the Iran "skirmish." He reiterated US economic success, that Iran cannot have a nuclear weapon and the relationship with China. US Defense Secretary Pete Hegseth also emphasized that the US is ensuring control of the Strait of Hormuz.

Apple has held exploratory talks about using processors from Intel and Samsung in the iPhone maker's devices. Bloomberg's Mark Gurman explains why Apple is looking for a secondary option beyond longtime partner Taiwan Semiconductor Manufacturing. He joins Caroline Hyde on "Bloomberg Tech."

Robinhood CEO Vlad Tenev discusses growth of the company's prediction markets and the firm's involvement in Trump Accounts for children.

Steven Mnuchin, founder of Liberty Strategic Capital and former US Treasury Secretary, says he supports the proposal released by the Securities and Exchange Commission that will allow US companies to choose to report earnings semiannually. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Mnuchin also comments on the economic impact of AI, the conflict in Iran, the federal budget deficit and Federal Reserve monetary policy.