Bloomberg News and Videos — Page 886

Speaking at a Cabinet meeting in the White House, President Donald Trump says he might have to take "drastic measures" to end the lengthy shutdown at the Department of Homeland Security.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion. - Meta Platforms Inc. and Alphabet Inc.'s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims. - Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business.

Brad Bernstein, Managing Partner at FTV Capital, joins Paul Sweeney and Tom Keene to discuss how AI exuberance is driving both dislocation and opportunity. Bernstein says with AI, we're in the early innings of a major platform shift similar to cloud or mobile, but with much more uncertainty around how it will play out. (Fixes spelling in headline)

Brad Bernstein, Managing Partner at FTV Capital, joins Paul Sweeney and Tom Keene to discuss how AI exuberance is driving both dislocation and opportunity. Bernstein says with AI, we're in the early innings of a major platform shift similar to cloud or mobile, but with much more uncertainty around how it will play out.

Wall Street bonuses hit a record $49.2 billion, with average payouts nearing $247, 000. This comes just as geopolitical tensions threaten what comes next. Bloomberg Finance Reporter Katherine Doherty joined Bloomberg Open Interest to talk about the report and why 2026 could be a different story altogether.

Traditional allies see the US under Donald Trump as an unreliable partner. Now they're looking to hedge their bets by way of China, just as Xi Jinping positions his nation as the "adult in the room."

President Donald Trump threatened Iran with intensified military action in a social media post Thursday, saying Iran had "better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK." Annmarie Hordern reports on Bloomberg Television.

Recurring applications for US unemployment benefits fell to the lowest level in almost two years, declining by 32,000 to 1.819 million in the week ended March 14. Initial claims increased by 5,000 last week, to 210,000. Michael McKee reports on Bloomberg Television.

Robert Kaplan, vice chairman at Goldman Sachs, says, "the Fed is wise to be a risk manager here, not a prognosticator," in response to the war in Iran. Kaplan also discusses the US economy, how the war has impacted financial activity in the Gulf, and what the firm is telling clients at this moment.

The OECD says the conflict in the Middle East is reviving the specter of inflation and now sees the average rate for the Group of 20 this year jumping to 4%. OECD Secretary General Mathias Cormann says there clearly is "quite a significant level of downside risk to our outlook today."