New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the AI race by nearly doubling the size of its core fund, raising $900 million in new money, including $500 million for its latest early-stage fund. The firm is also whittling down its general partnership to just four investors - including Nick Grossman. He joins Ed Ludlow on "Bloomberg Tech."
President Donald Trump said the US would not attack Iran ahead of November's midterm elections, citing in a social media post what he said were "productive discussions" with the Islamic Republic. Tyler Kendall reports on Bloomberg Television.
The Trump administration said it would suspend an immigration program for multiple tech firms, including Microsoft Corp., alleging widespread abuse of a worker visa system. Vice President JD Vance made the announcement Thursday afternoon. Bloomberg's Mike Shepard reports.
Goldman Sachs Group Inc.'s most senior leaders are set to unlock a special bonus that will rank among the biggest such payouts the firm has ever awarded. About 20 executives are in line for equity awards that will be finalized later this month and exceed $500 million at the current share price, with Chief Executive Officer David Solomon in line for more than $100 million. Bloomberg's Sridhar Natarajan joins to discuss.
Bettors on Polymarket and Kalshi often make longshot wagers, with around half of all trading volume on Kalshi involving potential returns of at least 1,000%. These longshot bets have resulted in significant losses for bettors, with money staked on "yes" longshots losing 15% on Kalshi and 27% on Polymarket since early 2025.Bloomberg's Denitsa Tsekova joins to discuss.
A SpaceX capsule carrying four astronauts returned from space and splashed down off the coast of California, capping the crew's mission to the International Space Station. The crew, part of a mission called Crew-12, had been living and working on the ISS since February, after launching to space in the same SpaceX Dragon spacecraft that brought them home.
Revolut CEO Nik Storonsky says he wants his fast-growing fintech to 'dominate' the US market and take on established players. He speaks to Tom Mackenzie at the Wave by Vento tech conference in Turin for the latest episode of Bloomberg Tech: Europe
Chipotle Mexican Grill shares jumped after the Financial Times reported that Starbucks has reportedly worked with advisers in recent months on a takeover proposal for Chipotle, according to the Financial Times. Starbucks Chief Executive Officer Brian Niccol previously spent six years as the top executive at Chipotle. Michael Halen of Bloomberg Intelligence has more.
A rally in oil prices rippled through global markets, sending stocks lower and whipsawing bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. Cam Dawson, CIO at NewEdge Wealth, discusses market choppiness.
A sudden selloff of French bonds has stirred memories of the sovereign debt crisis that cascaded across Europe between 2009 and 2015. Attention is now turning to how the European Central Bank might respond. Virginie Maisonneuve, founder at Maisonneuve Global Advisors, discusses the global economic outlook and why the ECB is wary of the current French bond turmoil.
Harbinger Motors just landed a huge deal: 2,000 all electric trucks headed to FedEx in a contract worth over $300 million. Harbinger Motors CEO John Harris joins Bloomberg Open Interest to tell us how the EV maker plans to scale up, what soaring fuel prices mean for big fleets, and why demand is surging even without new green regulations.
On this episode of Stock Movers: - PepsiCo (PEP) shares are lower after the company decreased its profit outlook, with its recovery in North America taking longer than expected. PepsiCo faces higher costs in North America that are weighing on margins, and will be raising some prices in the coming months after cutting prices on some marquee brands earlier this year. - Microsoft (MSFT) shares are following news the company's Xbox unit is formalizing its film and TV foray with a new division called XP to expand its franchises into other media. - Levi Strauss (LEVI) is lower after it posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit, after changing its marketing to focus on low-rise jeans.
