Critical Metals CEO and Executive Chairman Tony Sage joins Bloomberg Open Interest to warn the US is still years away from breaking China's grip on key rare-earth metals, with processing capacity emerging as the biggest hurdle. He explains the geopolitical risk of that delay and pushes back on concerns surrounding its Greenland project, saying production remains on track for 2029.
On this episode of Stock Movers: - Broadcom (AVGO) is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies, according to people with knowledge of the matter. - Ross Stores (ROST) shares climb after the off-price retailer boosted its earnings per share forecast for the full year. The company said it saw strength throughout the second quarter, with comparable store sales growth supported by "both an increase in new customers and higher engagement from existing customers." - BJ's Wholesale (BJ) boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.
Broadcom is in talks to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies. Ed Ludlow reports on Bloomberg Television.
Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners, saying "You are either with us, or against us." He is scheduled to talk more about the plans on Monday. Bloomberg's Tyler Kendall reports.
Molly Brooks, US rates strategist at TD Securities, sees the potential for an "asymmetric risk" to markets from Federal Reserve Chairman Kevin Warsh's comments in Jackson Hole next week and explains what she sees driving the recent back up in long-end Treasuries.
Max Kettner, chief multi-asset strategist at HSBC, sees US growth momentum starting to slow down and says, "a streak of a couple of weeks uninterrupted of negative economic surprises" can bring back a bid for duration in US Treasuries.
Samsung Electronics Co. expects to return as much as 110 trillion won ($79 billion) to shareholders this year, handing investors a chunk of the windfall generated by the AI rush. Tom Mackenzie reports on Bloomberg Television.
Jefferies Economist Modupe Adegbembo and Morgan Stanley Chief European Equity Strategist Marina Zavolock weigh the impact of US Treasury Secretary Scott Bessent's announcement that the department would at least double the size of its long-dated bond buybacks. They speak on Bloomberg Television.
Private-sector activity in the euro area unexpectedly improved slightly in August, thanks to the strongest manufacturing growth in more than four years. Bloomberg's Zoe Schneeweiss reports.
Guy Johnson, Tom Mackenzie, Skylar Montgomery Koning and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Li Chen, Executive Director & CEO at Hua Medicine, discusses the Chinese biotech firm's growth plans exclusively on "Bloomberg: The China Show" following the company's first half results.
China's humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over U.S. rivals. At the World Robot Conference, robots sort boxes, handle laundry, and bag clothes, but the real test is whether they can become everyday tools. Bloomberg's Allen Wan has more.
