Strong growth at Microsoft has reassured investors that expensive bets on AI are starting to pay off. But Meta shares slid in premarket trading after the Facebook parent gave a revenue outlook that is seen as disappointing. Investors dumped 30-year Treasury bonds, sending the yield to a 19-year high after […]
South Korea is orchestrating investments of at least $880 billion from companies including Samsung and SK Hynix into chips and data centers. It says the giant outlay in digital infrastructure is essential to surviving the AI era. The US and Iran have agreed to stop attacking each other before peace […]
UK Prime Minister Keir Starmer is facing fresh calls to resign, after potential leadership rival Andy Burnham comfortably won the special election in Greater Manchester, to return to parliament. His victory paves the way for him to challenge Starmer for the top job. The US Vice President JD Vance has […]
Iran has denied that a deal to end the war with the US is imminent, after US officials said they were closing in on a deal. Secretary of State Marco Rubio said an agreement could come as soon as Monday, but Iran’s Foreign Ministry Spokesman Esmail Baghaei said “It is […]
JPMorgan Chase Chair and CEO Jamie Dimon discusses the state of global financial markets and the impact of the conflict in Iran. Speaking with Bloomberg’s Francine Lacqua on “Bloomberg Open Interest,” Dimon also comment on the use of artificial intelligence and European banking regulations. ——– More on Bloomberg Television and […]
A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and smartphones to automobiles and data centers […]
A growing chorus of tech industry leaders, including Tim Cook and Elon Musk, are warning of an impending global crisis if the shortage of memory chips is not addressed. The buildout of AI data centers has resulted in companies like Alphabet and OpenAI gobbling up an increasing share of memory […]
India is hosting one of the world’s largest artificial intelligence summits this week, with Prime Minister Narendra Modi seeking to clear a path for India in a heated race to develop frontier models. Meanwhile, the French President is pulling out all the stops to try and persuade India to buy […]
Citadel’s Ken Griffin said investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to the billionaire investor. “We’re seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-a-vis US sovereign risk,” […]
Citadel CEO Ken Griffin says investors are starting to view gold as a safer asset than the dollar, a development that’s “really concerning” to him. He speaks with Bloomberg’s Francine Lacqua at the Citadel Future of Global Markets Conference in New York. ——– More on Bloomberg Television and Markets Like […]
