Looking past debut turbulence, Elice Group Chief Executive Officer Jae Won Kim aims to double revenue each year by exporting edge data center hardware and capturing sovereign AI contracts.
Detavio Samuels, CEO of Offscript Worldwide, says YouTube is a powerful discovery and audience-building platform, but creators can expand into other businesses and distribution channels. He says many creators earn roughly $3,000 $5,000 per million views, while Offscript helps more than 200 creators increase YouTube monetization sometimes doubling or tripling revenue and connect with major advertisers for sponsorships. He speaks with Romaine Bostick on "The Close."
Citadel founder and CEO Ken Griffin says the US has to "grow the damn economy." He says in order to do so, the US has to get Europe to grow its economy. He speaks to Bloomberg's Dani Burger at the Future of Global Markets Conference in New York.
Citadel founder and CEO Ken Griffin says investors are "almost certainly" in the midst of an artificial intelligence bubble during an interview with Bloomberg's Dani Burger at Citadel's annual Future of Global Markets Conference in New York.
Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth, a projection that may amplify concerns about the performance of the world's leading online TV network. Netflix delivered sales of $12.9 billion in the third quarter, in line with Wall Street's expectations, and forecast sales of $13.4 billion in the year's final three months, falling short of what analysts have predicted. The pace of growth has fallen from 17.6% in the final quarter of last year to a projection of 11.5% for this year's fourth quarter. The company blamed its sales shortfall on the advertising business, which is on pace to deliver $300 million less than the company expected. Bloomberg Tech Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Alexis Christoforous and Norah Mulinda.
Citadel founder and CEO Ken Griffin says AI's rapid development brings a mix of concern and opportunity. He argues that workers in roles especially exposed to AI will need substantial reskilling. He speaks with Bloomberg's Dani Burger at Citadel's annual Future of Global Markets Conference in New York.
Simon Gallagher, Hanaging Director of SPG Global and a Former Netflix Content-Acquisition Director, says hiring Peter Rice signals a more commercial programming strategy. While niche titles can succeed, Gallagher argues Netflix should lean more toward broadly appealing films and shows to support growth. He speaks with Romaine Bostick on "The Close."
Bryan McDonnell, Head of Real Estate Credit Strategies at PGIM, says investors should adjust business models to a higher-rate environment rather than count on rates falling. He describes the market's recent uncertainty as a gap between rate expectations and reality, with Treasury yields rising above 5% after expectations briefly converged around 4%. He speaks with Romaine Bostick & Jess Menton on "The Close."
Mandy Xu, Vice President and Head of Derivatives Market Intelligence at Cboe Global Markets, says options-market sentiment shifted notably over the past week. After positioning had been broadly bullish at both the index and single-stock levels, investors increased hedging demand, particularly for index protection. She speaks with Romaine Bostick & Jess Menton on "The Close."
SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit $4.4 billion, or 35 cents a share, more than double estimates while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now.
Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Geetha Ranganathan has more on "Bloomberg The Close."
Anthropic PBC could spend $750 billion on additional computing power in the coming years and it lost $80.7 billion in the first half of this year, according to the Wall Street Journal. The media outlet says it obtained a copy of the company's S1 filing as it prepares to go public. Romaine Bostick and Jess Menton report.
