Bessent Warns US to End Dollar Access to Iran Money Launderers
"The clock just started ticking," US Treasury Secretary Scott Bessent says while threatening economic punishment against any country doing business with Iran.
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"The clock just started ticking," US Treasury Secretary Scott Bessent says while threatening economic punishment against any country doing business with Iran.
Apple is cutting jobs across its Vision Pro, Siri, and Intelligent Systems Experiences teams as it redirects resources toward new devices and artificial intelligence. Bloomberg's Mark Gurman explains where the reductions are happening and how Apple is reshaping its Siri operation around new AI infrastructure. He also looks ahead to Apple's foldable iPhone and why the device could prove particularly important in China. He joins Ed Ludlow on "Bloomberg Tech."
Nvidia customers are being warned of potential price increases of around 15% for Blackwell and Rubin-based AI systems as soaring memory costs ripple through the infrastructure buildout. Raymond James Analyst and Managing Director Simon Leopold explains why the increases aren't surprising and why older generations of GPUs can remain valuable even as newer chips enter production. He joins Ed Ludlow on "Bloomberg Tech."
US Treasury Secretary Scott Bessent speaks about US efforts to sever Iran from the global economy and actions taken by the United Arab Emirates to cut economic ties with the Islamic Republic last week. He also says to expect "a major announcement of a financial institution being sanctioned by the end of this week."
Rhythm Pharmaceuticals (NASDAQ:RYTM) received Japanese marketing authorization for its IMCIVREE therapy, targeting a company-estimated 5,000 to 8,000 obesity patients.
Canadian Prime Minister Mark Carney says he wants "the best deal" when it comes to trade relations with the US.
Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. Bloomberg's Paige Smith joins Bloomberg Intelligence to discuss.
Researchers at Stanford University and Revelio Labs found that nearly 20% of established US LinkedIn users edited the descriptions or titles of jobs they had left years earlier, with tech workers doing so at a rate of nearly one in three. These changes, dubbed "time travel," aren't made while memories are still fresh, but instead reflect a change in personal branding, with the median time-travel edit occurring more than four years after the user left the role. Beth Kowitt, Bloomberg Opinion Columnist covering corporate America joined Bloomberg Intelligence to discuss.
Wells Fargo's Sarah House says Chair Kevin Warsh may use Jackson Hole to focus on longer-term questions facing the Federal Reserve rather than signal the next move on interest rates. She also discusses alternative economic data, the Fed balance sheet, Treasury yields and why the U.S. economy continues to show resilience. House speaks with Bloomberg's Tom Keene and Paul Sweeney on Surveillance Radio.
NVIDIA (NASDAQ:NVDA) placed its Groq 3 LPX AI inference accelerator into full production to process agentic workloads at 3,400 tokens per second.
Claudia Sahm, New Century Advisors chief economist, argues that the US Treasury's strategic debt buyback operations will only have a temporary, limited impact on markets. She speaks on "Bloomberg Open Interest."
Nvidia's earnings report on Wednesday will likely serve as another reminder of the company's commanding lead. Analysts estimate that revenue nearly doubled last quarter from a year earlier to $92 billion. That's more money than any of its rivals get in a full year. But the flood of cash with sky-high profit margins only makes its turf more attractive. Meanwhile, some of Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases, people familiar with the matter have said. Dan Ives, Partner and Senior Managing Director at Yorkville Ives, joins for a closer look.
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