Applications for US unemployment benefits edged up to 199,000 in the week ended Aug. 1, according to Labor Department data released Thursday. Claims remained below 200,000 for a third straight week and the four-week moving average fell to the lowest since September 2022. Michael McKee reports on Bloomberg Television.
Bob Elliott, CEO and CIO at Unlimited Funds, discusses market FOMO in AI and chips which he sees as "classic bubble-type activity" and warns about the levels of leverage he sees across markets.
Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television.
Billy Braddock, regional group president at Huntington Bancshares Inc., discusses the bank's business in Texas after taking over Cadence Bank, the loan business in the state and the adoption of artificial intelligence. He speaks with Bloomberg's Julie Fine.
Erik Wytenus, EMEA head of investment strategy at JPMorgan Private Bank, says robust earnings make it "reasonable to continue to allocate to a healthy degree to the US." He speaks on Bloomberg Television.
Anna Edwards, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip-stock holdings. OpenAI's Japanese backer is in the spotlight alongside concerns about climbing debt levels that AI service providers are taking on to spend on data centers and other infrastructure. Bloomberg's Neil Campling reports.
Manipal Health Enterprises says its IPO proceeds will help reduce debt and support future growth across India. On Bloomberg's 'Insight with Haslinda Amin,' Group COO Karthik Rajagopal spoke exclusively about valuation concerns, expansion plans, acquisitions and why the company remains focused on the domestic healthcare market.
"We have seen a record net income for the first half of the year," Commerzbank Chief Executive Officer Bettina Orlopp says, adding that results show the bank is able to deliver "despite all turbulences there might be out there." She also comments on the relationship with UniCredit, buybacks and shareholder value.
Pamela Ambler, Head of APAC Investor Intelligence at JLL, discusses the outlook for commercial real estate industry in Hong Kong and the rest of the Asia Pacific region. She speaks with David Ingles and Avril Hong on "Bloomberg: The China Show."
Yashish Dahiya, Chairman & Group CEO of PB Fintech, discusses the company's earnings after it reported a 92% jump in first quarter net income. He also said the company will not return to the equity market to raise money in a hurry after it cancelled a planned share sale in February. He spoke exclusively on Bloomberg's 'Insight with Haslinda Amin.'
Siemens Chief Executive Officer Roland Busch says the company is "very competitive" in China, where the automation business is doing "very well." He also comments on the data center business. Busch speaks on Bloomberg Television after Siemens raised its earnings expectations for a second time this year due to a surge in data center spending and higher returns from selling software to industry.
