Tim Walsh, chairman and CEO at KPMG US, says CEOs broadly recognize AI's importance and are investing, but measurable business transformation and returns are taking time. He speaks on "Bloomberg The Close."
Democratic Representative from Arizona Greg Stanton said that he isn't concerned about Democrats casting their sights too wide on potential midterm pickups and that putting forward moderate candidates who will 'fight to restore checks and balances' and appeal to independents is the way to win back control of congress in November. Stanton, who serves as chair of the New Democratic Caucus Political Action Committee, said that when it comes to further left candidates such as Abdul El-Sayed the party is a 'big tent.'
Don Levy, director of the Siena Research Institute, said that while the Democratic party itself is not gaining in popularity, 'change' is what's on top of mind for voters, and 'they want their lives to be better' and see voting as a way to do that. Levy also discussed the fight for Latino voters in Texas and other sunbelt states and said that many voters believe that ICE tactics go too far.
Bloomberg's Sridhar Natarajan joins Scarlet Fu on "Bloomberg Real Yield." As Wall Street's fixed-income desks struggled in the third quarter, their rivals in equities seized a rare opening to outshine their market brethren.
Ukrainian President Volodymyr Zelenskyy ordered attacks on Russian oil refineries to resume, even though President Donald Trump is pushing for an "energy ceasefire." Bloomberg's Tyler Kendall reports from the White House.
As the AI infrastructure boom drives a wave of data center construction, concerns over electricity costs, water use and local impacts are increasingly entering the political debate ahead of the midterms. Cato Institute senior fellow Jennifer Huddleston discusses the economic benefits data centers can bring to communities and why she argues the technology industry needs to do a better job explaining the role data centers play beyond generative AI. She joins Ed Ludlow on "Bloomberg Tech."
Blackstone has built one of Wall Street's broadest bets on AI, investing across the ecosystem from data centers, power and cooling to chip financing and companies including OpenAI, Anthropic and SpaceX. Bloomberg's Preeti Singh explains how President and COO Jon Gray spotted the infrastructure opportunity early and why he sees AI as a generational economic shift that investors can't afford to ignore. She joins Ed Ludlow on "Bloomberg Tech."
Anduril is allowing employees to sell shares as part of a tender that stands to value the defense technology startup at roughly $90 billion. The tender offer is open to current and former Anduril employees in 16 countries and is set to close on November 9. Bloomberg's Katrina Manson joins Ed Ludlow on "Bloomberg Tech."
Anthropic told prospective investors its third-quarter revenue hit $16.8 billion as the artificial intelligence company pushes ahead with plans to go public. Bloomberg's Bailey Lipschultz joins Ed Ludlow on "Bloomberg Tech."
Volkswagen AG is investing heavily in the US market, which Chief Executive Officer Oliver Blume says is "one big growth opportunity" for the company. The company plans to enter the US market for light trucks and offroad sport utility vehicles, with projects including a software venture with Rivian Automotive Inc. and the revival of heritage brand Scout. Volkswagen aims to field a midsize pickup and an offroad SUV to compete with established US franchises such as General Motors Co.'s Chevrolet Colorado and Ford Motor Co.'s Bronco. Bloomberg's Gabrielle Coppola breaks it all down on Bloomberg Intelligence
Anthropic PBC told prospective investors its third-quarter revenue hit $16.8 billion, and the company achieved profitability in the quarter on an adjusted basis. Bloomberg's Bailey Lipschultz joins to discuss.
Initial jobless claims were little changed in early-October, reinforcing the view that the labor market is cooling through slower hiring rather than rising layoffs. The report gives the Fed little reason to worry about an abrupt deterioration in employment, but it doesn't ease broader concerns about weak job creation. Lakshman Achuthan, COO and co-founder at ECRI, gives his outlook on employment and reacts to inflation data.
