US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain. Bloomberg's Michael McKee has the numbers followed by Aditya Bhave from BofA Securities with reaction.
Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets. He speaks on "Bloomberg Surveillance."
With the stock market at a record high, Binky Chadha of Deutsche Bank says that broader demand for artificial intelligence is contributing to the sustained positive performance across the market and not just among AI players.
A cyclospora outbreak and salmonella flare up are putting food safety and restaurants to the test in the US. It also caused consumers to cut back on eating out and food brands to take a closer look at their supply chains. Bloomberg's Romaine Bostick reports.
The US has promised a new round of economic sanctions in order to bring Iran back to the negotiating table after months of war. But the Islamic republic has faced many waves of sanctions for decades and it's unclear what effect a new period of "economic fury" will have, as Bloomberg's Tyler Kendall reports.
The market for AI-powered robots and autonomous machines has the potential to balloon into a trillion-dollar opportunity by 2035 in the 'decade of the robot', according to Barclays analyst Zornitsa Todorova. AI-enabled robotics mark a frontier moment in the technology and present a new set of investment opportunities in a world of labor shortages and changing worker preferences. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.
The CEO of French neurotechnology startup Robeauté says its microrobot could unlock precise delivery of drugs and other therapies directly into the brain, The microrobots, which are each the size of grain of rice, are able to reach areas that are difficult to access with existing treatments. Joana Cartocci says the company is targeting first-in-human studies in 2027 and a market launch in the early 2030s. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.
Google Deepmind's Head of Robotics believes humanoid robots will become useful over time. However, Carolina Parada says the technology is not quite at the stage to deliver on its full potential. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.
The CEO of German robotics company Neura believes physical AI can be a new growth engine for Europe. David Reger, who also founded Neura Robotics, says the pace of development is "tremendous." He spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.
Oil held a decline as tankers laden with crude continued to exit the Persian Gulf, despite persistent threats and limited progress on a deal between Iran and Oman to reopen the Strait of Hormuz. Rachel Ziemba, Founder of Ziemba Insights spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa about the war in the region which began in late February.
Gerry Fowler, chief European equity strategist and head of derivates at UBS, explains why he thinks markets are in an "unprecedented growth era." Speaking on Bloomberg Television, Fowler says the recent bout of de-risking "appears to now be over," and that he expects investors to "lean back" into the tech trade as they return from vacation.
Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
