Bloomberg News and Videos — Page 837

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic will usher in an era of greater cyber risk. The meeting was to make sure banks are aware of possible future risks raised by Anthropic's Mythos a more powerful system that the AI firm has said is capable of identifying and then exploiting vulnerabilities in every major operating system and web browser when directed by a user to do so. Bloomberg's Avril Hong reports.

Oil rose a second day after Saudi Arabia said its production capacity has been reduced due to attacks on energy infrastructure, but futures remain on track for their biggest weekly loss since June. According to Saudi Arabia's press agency, the nation's production capacity has been cut by around 600,000 barrels a day. Bloomberg's Anthony di Paola breaks down the situation.

GQG Partners Portfolio Manager, Brian Kersmanc, believes the conflict in the Middle East could contribute to the AI bubble bursting. He appeared on Bloomberg's Insight with Haslinda Amin to discuss how heightened geopolitical risk is affecting his outlook on the markets.

Franklin Templeton Co-President and Chief Commercial Officer Daniel Gamba says the asset manager has seen strong inflows into country-specific ETF products such as those in Korea. Speaking to ETF IQ Asia, he says he's looking to grow his firm's active and Asia ETF businesses.

JPMorgan Asset Management's Julio Callegari says the market "is still biased" toward a US rate cut, however, most central banks in Asia are expected to hike rates.

Bloomberg's David Ingles shares a live map of the Strait of Hormuz in order to gauge what markets would consider an indication the waterway is starting to open for ship traffic.

Jonathan Panikoff, Director of the Atlantic Council's Scowcroft Middle East Security Initiative, looks ahead to the US-Iran negotiations with Vice President Vance expected to lead the US delegation in discussions scheduled for Islamabad on Saturday. He speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade.

Trump's overhaul of the US visa system for highly skilled immigrants is undergoing its first major test. If the $100,000 bar inspires foreign-born tech workers to leave the US...or not to come at all...Bloomberg News' Saritha Rai finds India is well positioned to benefit.

Amy Sullivan, the newly appointed president of Bed Bath & Beyond, said that the company is trying to be the 'everything home platform' as it attempts to rebuild the brand and expand beyond its traditional footprint by acquiring home repair brands.

Adam Back, Co-Founder and CEO of Blockstream, denied claims that he is the mysterious and anonymous founder of bitcoin after a New York Times investigation tied him to the creation of the currency. Back said that it's 'natural' that people are curious but that since Nakamoto stopped posting on online forums there have been few 'digital breadcrumbs' to point people towards an answer.