United States Financial

Citigroup's fixed-income traders beat analysts' expectations with their best third quarter in at least a decade, sending the bank's revenue for the period to one of its highest levels ever. The better-than-expected fixed income, currencies and commodities trading and services results helped offset a more sluggish quarter from Citi's business advising clients on mergers and acquisitions. Kristine Aquino reports on Bloomberg Television.

Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines whether continued attacks in Saudi Arabia by Yemen's Houthis could draw the United States into defending the kingdom. He speaks on Bloomberg Television.

Goldman Sachs Group's equities traders reported revenue of $6.44 billion for the three months through September, topping expectations. The firm's fixed-income and rates-trading counterparts fell far below Wall Street's estimates in the third quarter. Kristine Aquino reports on Bloomberg Television.

JPMorgan Chase & Co. reported the first decline in more than two years in fixed income, currency, and commodities sales and trading revenue for the third quarter, falling short of the average analyst estimate at $5.37 billion. Equity trading was the standout for the bank, notching $4.95 billion in the quarter. Kristine Aquino reports on Bloomberg Television.

A rout in Asian chipmakers led the MSCI Asia Pacific Index to its lowest since August as investors grow uneasy about whether massive AI spending will pay off. Matthew Bloxham of Bloomberg Intelligence has more.

John Romeo, Managing Partner & CEO, Oliver Wyman Forum examines how humans can adapt and retain agency as AI becomes more powerful at the 2026 Bloomberg New Economy Forum in New Delhi.

Indian banker Uday Kotak says the ideal approach to handling volatility in the Indian rupee would be to let it find its own level while continuing to invest in research and innovation.

Gina Raimondo explains why she sees the need for a governance framework to address the challenges of AI, which could include agents going rogue.

India's Nirmala Sitharaman says India is a viable alternative destination for international capital alongside the US and China, with strengths in AI, semiconductors and green technology.

William Hobbs, chief investment officer at Brooks Macdonald, discusses the artificial intelligence trade as a global selloff in chipmakers extended for another day. He tells Bloomberg Television that European markets could offer a safe haven for investors. "You've got to be building positions during the next few years in order to build resilience," Hobbs says.

Visa (NYSE:V) announced that it received approval for its Application to Prepare from the People’s Bank of China (PBOC), allowing the company to begin formal preparations for establishing a domestic bankcard clearing institution.

Blackstone President Jonathan Gray says he is positive about the outlook for the artificial intelligence buildout even as the cost of capital rises. "When I look back at this versus other periods of access, like the telecom boom where people built supply ahead of demand, where there was a ton of leverage, this looks and feels very different," Gray tells Yvonne Man on the sidelines of the Bloomberg New Economy Forum in New Delhi.