Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were "staggering" and "otherworldly." Sales rose by 149% and the company boosted its full-year revenue outlook. Bloomberg's Neil Campling reports.
The US trade deficit narrowed in June as imports fell for the first time since the start of the year. The gap in goods and services trade shrank 5.6% from the prior month to $73.3 billion, while the value of imports declined 1.8% while exports fell 0.9%. Michael McKee reports on Bloomberg Television.
A South African government delegation received "firm commitments" from Chinese companies to help realize more than 100 gigawatts of new power capacity over the next decade. South Africa's Minister of Electricity & Energy, Kgosientsho Ramokgopa, spoke to Bloomberg's Jennifer Zabasajja on the investments they've received from this visit to Beijing.
Stephen Schork, principal and editor at The Schork Group, says refiners have virtually no ability to increase capacity and deliver more gasoline and diesel products and lower costs for consumers. President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. Monday for making too much money as oil prices surged amid the war in Iran.
Federal Reserve Bank of Philadelphia President Anna Paulson said she will keep an open mind about the path for interest rates, writing in an essay on Tuesday that she is focusing on the trends of underlying inflation. Michael McKee reports on Bloomberg Television.
Cameron Dawson, CIO at NewEdge Wealth, discusses the turnaround in technology stocks as she sees room for Magnificent Seven stock valuations to move higher and give a lift to the overall tech sector and S&P 500.
Cat Financial, the financing subsidiary of Caterpillar (NYSE:CAT), reported second-quarter revenue of $991 million, up 10% year over year.
President Donald Trump says his latest offer of talks is a "last chance" for Iran. Tehran denied negotiations with Washington but say talks with Oman to get more ships moving through the Strait of Hormuz is progressing well. William Roebuck, Executive Vice President of the Arab Gulf States Institute, and Former US Ambassador to Bahrain spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the likelihood of another deal between Iran and the US.
Ares Commercial Real Estate (NYSE:ACRE) reported second-quarter GAAP net income of $4.4 million and Distributable Earnings of $6.9 million.
HSBC Holdings (NYSE:HSBC) reported second-quarter pretax profit of $10.1 billion, up 60%, and launched a $1 billion share buyback.
"We have not changed our conviction in the overall AI thesis," BlackRock Global Chief Investment Strategist Wei Li tells Bloomberg Television. She adds that risks of commoditization and capital capacity have risen in recent weeks. "We're not adding to our conviction, but we're staying overweight," she says.
Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.
