Liftoff CEO Jeremy Bondy joined Bloomberg Open Interest to break down the mobile adtech company's first earnings report since going public, including 35% revenue growth. He explains how Liftoff's Cortex AI competes for advertising dollars, why existing customers are spending more and how AI could create a double growth opportunity across the mobile app economy.
On this episode of Stock Movers: - StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate. - Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. - Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading.
US wholesale inflation decelerated in July by more than estimated as energy and food costs fell, likely giving the Federal Reserve more time to assess price pressures at upcoming meetings. Initial jobless claims rose by 9,000 in the week ending August 9. Bloomberg's Michael McKee reports.
Federal Reserve Bank of Cleveland President Beth Hammack says the US labor market is "broadly stable" while inflation has been missing the central bank's target during an event with the Dayton Area Chamber of Commerce in Kettering, Ohio.
Priya Misra, Portfolio Manager at JPMorgan Asset Management, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the Fed's rate path forward.
Federal Reserve Bank of Cleveland President Beth Hammack questioned whether recent signs of a slowdown in inflation will continue during an event with the Dayton Area Chamber of Commerce in Kettering, Ohio.
Former Dallas Fed President and Goldman Sachs Vice Chairman Robert Kaplan says the Federal Reserve was right to hold rates in July. He also says Fed Chairman Kevin Warsh needs to give some more details about policy when he speaks in Jackson Hole. Kaplan speaks on "Bloomberg Surveillance."
US customs officials are being overwhelmed by countries that are helping China avoid tariffs, White House trade adviser Peter Navarro says. He says the Trump administration is using artificial intelligence to help catch countries that are part of China's transshipment network. He speaks on "Bloomberg Surveillance."
Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July. He speaks on "Bloomberg Surveillance."
The growth of AI and hyperscalers poses opportunities but also risks, accounting for as much as 30% of net new issuance this year in some indexes if you include Nvidia Corp. which this week attempted to calm credit markets by offering its computing power as a form of securitization. Neil Callanan of Bloomberg News warns that while systemic risk is not imminent, it could materialize if banks become overly exposed to the impact of residual value guarantees or if insurance products linked to them create circular liabilities.
Anthropic is in talks to buy the AI startup Decart, according to people familiar with the matter. Bloomberg Intelligence Senior Analyst Matthew Bloxham explains that Decart's so-called world models could reduce the cost of training AI by making chips more effective and that the deal could provide an important boost to Anthropic's growth.
HSBC economist Liz Martins comments on the outlook for Bank of England policy after the economy unexpectedly expanded in June, buoyed by sunny weather and the football World Cup. She speaks on Bloomberg Television.
