The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports.
Stonepeak Chairman, CEO and co-founder Michael Dorrell talks about opportunities in markets, the growth of artificial intelligence, demand for new data centers and how it all plays into their investment strategy on "Bloomberg Deals."
Ford Motor Co. raised its profit outlook for the second time this year as consumers continue to snap up the automaker's high-margin sport-utility vehicles. The rosier forecast, revealed late Tuesday as the automaker reported better-than-expected quarterly earnings, shows how Ford is cashing in on resilient demand for SUVs and pickups, echoing a similar move by rival General Motors Co. last week. Bloomberg's Craig Trudell joins to discuss.
Visa reported a fiscal third-quarter profit that beat Wall Street estimates hours after the world's biggest payments network told staff that it will eliminate roughly 2,600 jobs. Bloomberg Intelligence's Diksha Gera joins to discuss.
The world is on the cusp of a third missile age, with conventional ballistic weapons proliferating at unprecedented speed in the wake of widespread, battlefield-warping deployment in Iran and Ukraine. Paul Scharre, Executive Director at the Center for a New American Security, discusses this new age of military technology and his Foreign Affairs piece, "Losing the War of the Future: How New Technologies Threaten America's Military Advantage."
The CEO of L'Oréal, the world's largest cosmetics company, says the performance in the Middle East was below expectations but somewhat compensated by a rebound of growth in China. Nicolas Hieronimus spoke exclusively with Bloomberg's Francine Lacqua from Paris.
US consumer confidence fell in July as Americans' views about current business conditions and the labor market deteriorated. Elevated gasoline and food prices likely weighed on US households, underscoring broader concerns about persistent inflation and the rising cost of living. Julia Wilson, Principal: Consumer & Retail Strategy at KPMG, talks about the squeezed consumer and the back-to-school ramp-up affecting economic data.
The 100-plus forecasters in the Bloomberg survey for Wednesday's Federal Reserve interest-rate decision are almost entirely united: policymakers will stand pat. But that near-unanimity masks what for many if not most is one of the most difficult calls in years. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, discusses his outlook for today's Fed decision as well as rate hikes through 2027.
On this episode of Stock Movers: - Humana (HUM) is sinking after the insurer maintained its yearly profit guidance despite a strong second quarter. - P&G (PG) shares are moving after it gave a conservative outlook for its current fiscal year and results in the latest quarter fell short of estimates. - Kering (PPRUY) shares jumped after the luxury goods maker reported better-than-expected revenue at Gucci in the second quarter.
Goldman Sachs Chief US Economist David Mericle joins Bloomberg Open Interest to explain why the Fed is still likely to leave interest rates unchanged despite geopolitical tensions and rising oil prices. He breaks down the inflation outlook, why a surprise hike is unlikely, and why today's resilient consumer could weaken later this year.
Battery Ventures General Partner Dharmesh Thakker joins Bloomberg Open Interest to make the case for investing beyond AI hype. He explains why enterprise software companies that deliver measurable business value will outperform. He also argues that open-source AI models could slash enterprise costs, accelerate adoption, and reshape the competitive landscape for OpenAI, Anthropic, and the broader AI ecosystem.
CAVU Consumer Partners Co-Founders Brett Thomas and Rohan Oza look to Millennials and Gen Z's drive for a healthier lifestyle as the foundation of their venture and brand building with companies such as Whoop, Skinny Dipped and The Farmer's Dog. They speak to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
