Fed's Kashkari Says AI May Be Driving Up Neutral Rate
Federal Reserve Bank of Minneapolis President Neel Kashkari says the recent investment in artificial intelligence may be driving up the neutral rate at an event in Fargo, North Dakota.
Federal Reserve Bank of Minneapolis President Neel Kashkari says the recent investment in artificial intelligence may be driving up the neutral rate at an event in Fargo, North Dakota.
Opportunities for many investors have shifted to "mid-cap or middle-market businesses," HGGC CEO Rich Lawson told Bloomberg.
Applications for US unemployment benefits fell by the most since November as initial claims decreased by 23,000 to 206,000 in the week ended Feb. 14. Meanwhile, the US trade deficit widened in December, from the prior month to $70.3 billion, with the shortfall culminating in a full-year deficit of $901.5 billion. Michael McKee reports on Bloomberg Television.
India has been innovative in adopting AI through its regulation, AI infrastructure, and its use of AI in the education sector says Julie Sweet, Accenture CEO. The company has been expanding its presence in the country in recent years, and now has over 350,000 employees in India. Julie spoke to Bloomberg TV's Haslinda Amin on the sidelines of the AI Impact Summit in New Delhi.
Walmart Inc. flagged the unpredictable state of trade and labor market conditions as it issued a forecast for full-year earnings that missed higher expectations. Poonam Goyal of Bloomberg Intelligence has more on Bloomberg Television.
The Euronext CEO says his company will keep investing with revenues set to rise, despite costs expected to jump this year. The pan-European exchange operator said adjusted operating expenses excluding depreciation and amortization will be around 770 million in 2026, a 13% increase on 2025 and above estimates. Stephane Boujnah spoke with Bloomberg's Guy Johnson from Dublin.
Max Kettner, chief multi-asset strategist at HSBC Global Investment Research, explains the market signals he sees constraining further downside to AI-related stocks.
Renault Group CEO Francois Provost speaks exclusively to Bloomberg TV in his first television interview in the role after the automaker reported today that it expects profitability to decline this year as it rolls out new electric models and grapples with rising competition in Europe. Provost said he plans to keep the same strategy as his predecessor and is aiming for resilient growth, pushing outside of Europe: "What I want to do during the next five years is really to deliver a very steady and robust performance in a difficult environment". He also commented on their EV strategy, saying they plan to continue to invest in EVs in Europe and see the competition from China as a catalyst for innovation and partnership.
Airbus CEO Guillaume Faury says that Pratt & Whitney's engine delivery outlook for 2026 is "significantly behind their previous commitments." He speaks to Bloomberg's Guy Johnson after the aircraft manufacturer said monthly production of A320 aircraft may fall short of 75 units by the end of next year because Pratt isn't able to keep up with demand.
Yann de Vries co-founded Kembara, which is Europe's first $1bn deep tech growth fund. He says AI is going to unleash innovation and transform industries. De Vries joins Bloomberg's Tom Mackenzie and Guy Johnson on 'The Opening Trade'.
Advanced Machine Intelligence Labs Chairman Yann LeCun argues that today's AI is powerful information retrieval not true intelligence. He speaks at an Indian AI summit in New Delhi.
Air France-KLM CEO Ben Smith speaks exclusively to Bloomberg News after they reported better-than-expected earnings in the fourth quarter and remains upbeat about the North Atlantic routes despite heightened geopolitical tensions.
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