Arm, SoftBank Said to Have Tried to Buy Cerebras
Arm Holdings and SoftBank Group made an approach to acquire Cerebras Systems weeks before its expected initial public offering, which was rebuffed. Bailey Lipschultz has more on "Bloomberg Deals."
Arm Holdings and SoftBank Group made an approach to acquire Cerebras Systems weeks before its expected initial public offering, which was rebuffed. Bailey Lipschultz has more on "Bloomberg Deals."
Keir Starmer's government vowed to protect the UK against external and economic threats in a King's Speech that majored on security even as the prime minister faces a potential challenge to his own leadership. Jane Foley, Head of FX Strategy at RaboBank, explains how the UK's political uncertainty is impacting the currency market, following King Charles' address to parliament.
Bloomberg's Mike McKee reports that the confirmation of Kevin Warsh as Federal Reserve Chair is essentially a done deal. He speaks on "Bloomberg Open Interest."
On this episode of Stock Movers with John Tucker: - Nvidia (NVDA) shares are higher on news CEO Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit. - Nebius Group (NBIS) is moving this morning as it reported revenue for the first quarter that beat the average analyst estimate. - SoftBank (SFTBY) is up after it reported a surge in quarterly profit due to valuation gains on its OpenAI investment. The gains on OpenAI outweighed lackluster investment gains elsewhere in the Tokyo-based technology group's portfolio while war in the Middle East roiled markets.
President Donald Trump invited Nvidia co-founder Jensen Huang to join him on his trip to China at the last minute. This brings AI and chips into the spotlight. Tim Cook and Elon Musk also went along. Bloomberg's Annmarie Hordern is traveling with the president and reports from Beijing.
Lindsey Piegza, Stifel chief economist, says inflation is still a concern for the US economy. She says consumers face months of pain ahead and more price pressures are coming. She speaks on Bloomberg Surveillance.
As President Donald Trump lands in Beijing for a summit with Xi Jinping, new economic data shows inflation in the US is on the rise. The producer price index rose 6% from a year ago. Bloomberg's Annmarie Hordern is traveling with the president and reports from Beijing on what Trump is looking to accomplish.
US wholesale inflation increased in April to the fastest pace since 2022 on increased energy prices. The producer price index rose 6% from a year ago, while a core measure of wholesale inflation that excludes food and energy increased 5.2% from April 2025, the biggest advance in more than three years. Michael McKee reports on Bloomberg Television.
Orange plans to double its solar-powered base stations across Africa. CEO Christel Heydemann spoke to Bloomberg's Jennifer Zabasajja in Nairobi, Kenya.
International Energy Agency oil industry and markets head Toril Bosoni discusses the outlook for oil supplies and prices amid the ongoing disruption in the Strait of Hormuz. Inventories are falling around the world at a record pace, the IEA said in its latest monthly report, and will continue to drop for months as the Middle East conflict continues. Bosoni speaks on Bloomberg Television.
Max Kettner, chief multi-asset strategist at HSBC, discusses the outlook for equities and whether there is a risk of a pullback. "All of our positioning stuff, both systematic and discretionary, is so far away from sending a sales signal," he tells Bloomberg Television.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."