Artificial Intelligence anxiety is moving from Silicon Valley into the political arena ahead of the midterm elections. Concerns that began with jobs and the enormous sums pouring into AI have spread to increasingly powerful models, with some industry leaders calling for stronger guardrails. Ed Ludlow looks at how those fears are colliding with Washington's push to maintain America's AI lead.
Wells Fargo (NYSE:WFC) reported third-quarter 2026 results with net income of approximately $6 billion, up 13% year over year, and diluted earnings per share of $1.87.
FB Financial Corporation (NYSE:FBK), the parent company of FirstBank, reported third-quarter 2026 net income of $60.2 million, or $1.20 per diluted common share, compared with $1.13 in the previous quarter and $0.43 in the third quarter of 2025.
JPMorgan Chase (NYSE:JPM) reported third-quarter 2026 results with net income of $15.31 billion, up 6% from the same period a year earlier, but missed analyst expectations for profit and revenue.
Mainspring Energy has struck a deal to supply American Electric Power with up to 1.6 gigawatts of generation capacity, an agreement that could be worth as much as $4 billion over eight years. CEO Tom Linebarger discusses how Mainspring's modular generators can bring new power online within 12 months and why surging data center demand is creating opportunities for distributed generation. He joins Ed Ludlow on "Bloomberg Tech."
SambaNova CEO Rodrigo Liang says the AI infrastructure boom is entering a new phase focused increasingly on inference, efficiency and return on investment. As the company closes its Series F with new strategic investors, Liang discusses why enterprises including JPMorgan are running AI infrastructure behind their own firewalls and why frontier models and private AI systems can coexist. He joins Bloomberg's Dani Burger from the CAIS Summit in Beverly Hills, live on "Bloomberg Tech."
Citigroup (NYSE:C) reported third-quarter 2026 results with revenue of $23.85 billion, marking its highest third-quarter revenue in a decade, and earnings per diluted share of $2.85.
Meta says its new Muse Wonder model has frontier-level capabilities, marking a major milestone in the company's AI overhaul under chief AI officer Alexandr Wang. Bloomberg's Riley Griffin spoke to him, and joins to discuss how Meta is positioning the model against rivals including OpenAI and Anthropic and how it was purpose-built to power the company's Muse personal AI assistant. She joins Ed Ludlow on "Bloomberg Tech."
Apple introduces a new line of smart home products. The $299 HomeView display directly challenges Google and Amazon for dominance in the home. Apple also revealed an upgraded Apple TV 4K set-top box and the HomePod mini 2 speaker. Bloomberg's Mark Gurman reports.
Indian Foreign Minister Subrahmanyam Jaishankar says trade talks with the US are heading in the right direction, but he doesn't want to "spill the beans." He speaks with Bloomberg News Editor-in-Chief John Micklethwait at the Bloomberg New Economy Forum in New Delhi.
Indian Foreign Minister Subrahmanyam Jaishankar says India and China are discussing whether they can settle some parts of their disputed border before reaching a deal on the entire boundary during an interview with Bloomberg Editor-In-Chief John Micklethwait at the Bloomberg New Economy Forum in New Delhi.
A selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, putting pressure on equity markets as Wall Street banks kicked off the earnings season. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses her S&P outlook and market choppiness.
