Wendy’s names Steve Cirulis CFO and strategy chief
Wendy’s (NASDAQ:WEN) appointed Steve Cirulis as its new chief financial officer and chief strategy officer as part of a broader leadership reset tied to its turnaround plan.
Wendy’s (NASDAQ:WEN) appointed Steve Cirulis as its new chief financial officer and chief strategy officer as part of a broader leadership reset tied to its turnaround plan.
Porsche AG confirmed its profit outlook for the year as it pushes to become leaner to revive margins battered by US tariffs and weak demand in China. David Welch has more on "Bloomberg Open Interest."
Oil steadied while tankers become more overt in transiting the Strait of Hormuz following an agreement between Iran and the US to end their conflict. Ellen Fraser, Partner and Energy expert at Baringa Partners, discusses the recent moves in oil as the US greenlights Iran to sell on the open market.
Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, many from former colleagues and market players who had a front-row seat during his 18-year tenure atop the US central bank. Bill Dudley, Bloomberg Opinion Columnist and former NY Federal Reserve President, discusses the passing of Greenspan and how his role has influenced the Federal Reserve beyond his time there.
A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.
A global rout in tech stocks began in Asia where a selloff in Korean chipmakers stoked concerns about the sustainability of the artificial-intelligence driven rally. Bloomberg's Carmen Reinicke reports.
Former SEC Chairman Gary Gensler says AI leaders and hyperscalers need to generate meaningful revenue and productivity gains to meet current market conditions. He spoke with Paul Sweeney and Tom Keene on Bloomberg Surveillance.
On this episode of Stock Movers with Nathan Hager: - SpaceX (SPCX) is heading towards its fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure. - IBM (IBM) shares are climbing on news that the company and OpenAI are bringing AI to cyber defense. - AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
Oklo Co-Founder and CEO Jake DeWitte joined Bloomberg Open Interest to talk about how America's nuclear resurgence is accelerating as government support, fuel supply improvements, and private capital unlock new reactor development. He reveals Oklo is targeting power production in roughly two years and argues the AI-driven data center boom is creating a market large enough for both large-scale and advanced modular nuclear reactors to thrive.
Carnival Corporation (NYSE:CCL) reported a net income of $537 million alongside record second-quarter revenues of $6.7 billion.
Apollo is again capping withdrawals from its flagship private credit fund after investors requested redemptions far above the 5% limit. Bloomberg's Silas Brown joins Bloomberg Open Interest to explain why the biggest private credit firms may be the most exposed to retail investor outflows and why the next quarter could reveal whether this is a temporary reaction or a broader industry risk.
SpaceX shares are looking to bounce back on Tuesday after a three-day selloff wiped off more than $600 billion from the Elon Musk-led rocket and satellite company's market value. Shares are still up roughly 10% from its $135 initial public offering price. Pierre Ferragu of New Street Research says a cautious AI trade could be weighing on the stock. He speaks on "Bloomberg Surveillance."