Bloomberg News and Videos — Page 817

Applications for US unemployment benefits decreased by 11,000 to 207,000 last week, indicating that layoffs remain largely limited. Enda Curran reports on Bloomberg Television.

Bob Lee, a beloved tech executive best known for creating Cash App, was found stabbed in the streets of San Francisco. His death set off a wave of online fury. Rumors and misinformation ran rampant, with tech leaders like David Sacks and Elon Musk loudly disparaging the city for out of control crime. What really happened? Listen to Foundering.

Gargi Chaudhuri, chief investment and portfolio strategist Americas at BlackRock, says her firm is telling investors to go back to focusing on an AI growth theme and to add inflation protection to their portfolios.

Robert McNally, founder and president at Rapidan Energy Group, is "cautiously optimistic" on getting to a better outcome for oil flows through the Strait of Hormuz.

Renault CEO Francois Provost discusses the company's engineering transformation and plans for the Indian market. "Now it's time to boost up again outside Europe," Provost tells Bloomberg. "India is my first priority," he adds. The carmaker CEO also discusses engineering transformation, which he calls the company's "biggest challenge." He speaks with Bloomberg's Alisha Sachdev.

Oil contracts remain about a third higher than before the war with Iran but are well below peaks seen in the opening weeks of the conflict. Will Kennedy examines the oil futures curve and physical pricing of barrels on Bloomberg Television.

Lydia Rainforth, European energy and energy transition research head at Barclays, discusses energy markets as oil steadies on signs the US and Iran may extend a ceasefire and restart talks to end the war. "We've lost 10 million barrels a day of supply," Rainforth tells Bloomberg Television. "That sort of scale that I don't think the markets are pricing," she adds.

UBS Wealth Management's France CIO Claudia Panseri discusses investing in artificial intelligence, saying exposure is focused on the US and China and "more selective" than two years ago. "We also prefer companies which are still investing using cash rather than companies issuing bonds," Panseri says on Bloomberg Television.

Pip White, Anthropic's head of UK, Ireland and northern Europe, says the firm is planning to release its new Mythos model to UK financial institutions in the coming week. The artificial intelligence developer initially gave Mythos to a handful of Silicon Valley partners and Wall Street banks, arguing that the limited release was necessary because the model was so adept at spotting cybersecurity vulnerabilities. White speaks on Bloomberg Television.

James Turner, BlackRock global fixed income EMEA head, discusses the European economy and bond space in light of the current geopolitical situation in the Middle East and its impact on supply chains. "We have to remember that it's very much a supply-side shock," Turner tells Bloomberg Television. He also talks about the European Central Bank and says it is unlikely the ECB will deliver three rate hikes in 2026. "I don't think, for example, we're going to see three rate rises from the ECB this year. I am not even sure we'll see two."