Bloomberg
Meta Gains on AI Optimism, Microsoft Slumps
Bloomberg Technology's Caroline Hyde joins "Bloomberg Open Interest" to break down highlights from tech earnings with Meta, Microsoft and Tesla all out with results. Plus, a look at what to expect from Intel and Apple's own earnings.
Bloomberg
Meta Projects Weak Sales Forecast
Meta Platforms Inc. is projecting worse-than-expected sales in the current quarter, risking doubt that it can grow its digital advertising business quickly enough to support significant planned investments in artificial intelligence and...
Bloomberg
LVMH Sales Cast Doubt on Luxury Rebound
LVMH's sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand. Sales at the key unit, which includes the Louis Vuitton and Christian Dior brands, slipped 1%...
Curated Video
Trump administration orders pause on all federal grants and loans
President Donald Trump's Office of Management and Budget Acting Director Matthew Vaeth has ordered a wide-reaching freeze on federal loans and grants. (Scripps News)
Bloomberg
DeepSeek Shouldn't Be a Surprise: Michelle Giuda
Michelle Giuda, CEO at the Krach Institute for Tech Diplomacy at Purdue, discusses tech stocks being upended by China's DeepSeek AI and states it's not a game changer on AI and not a surprise, as China wants to be the global leader in...
Bloomberg
Was the Tech Selloff Simply Looking for a Catalyst?
There's been talk of lofty valuations for weeks was the tech selloff simply waiting for a catalyst? Bloomberg Opinion Columnist's Dave Lee and Nir Kaissar give their take.
Bloomberg
China's DeepSeek Sparks Rout of Nvidia, Global Tech
Wall Street had a rough start to the week on concern that a cheaper artificial intelligence-model from China could threaten the dominance of US technology.
From New York to London and Tokyo, equities got hammered, with the S&P 500...
Bloomberg
Why Is China's DeepSeek Rocking Tech Stocks?
Chinese artificial intelligence startup DeepSeek rocked global technology stocks Monday as a buzz around its cost-effective AI model raised questions over US tech dominance and the rich valuations of companies like Nvidia Corp. "We are...
Bloomberg
Tech Stock Bubble May Be Forming, Threadneedle's Berry Warns
Threadneedle Ventures founder Ann Berry reacts to Meta's plans to invest as much as $65 billion on projects related to artificial intelligence in 2025. She speaks on "Bloomberg Open Interest."
Bloomberg
Ray of Hope for German Economy as Business Activity Stabilizes Ahead of Election
German private-sector activity stabilized in January after six months in decline, an unexpected improvement that'll be welcomed by politicians before snap elections next month. Economists had expected the gauge to keep pointing to...
Bloomberg
Burberry Sales Rise in US, Stabilize in China, in Sign of Luxury Turnaround
Burberry reported an unexpected increase in US sales while China revenue fell less than expected. The British fashion group's performance shows glimmers of improvement under new CEO Joshua Schulman and underpins hopes that luxury demand...
Bloomberg
Rutte Says Current Defense Spending Won't Keep NATO Safe
North Atlantic Treaty Organization Secretary General Mark Rutte discusses the alliance's defense spending goals and what the new Donald Trump administration could mean for global security. He also discusses the conflict between Russia...
Bloomberg
Cisco CEO Says AI Should Be a Tailwind
Cisco CEO Chuck Robbins says artificial intelligence should be a tailwind for the business. He talks about helping customers understand AI and working with the new Donald Trump administration. He speaks on Bloomberg Television at the...
Bloomberg
China Stimulus Fails to Convince Consumers to Buy Luxury Goods
A report from Bain & Co. Shows China's luxury market sales plunging as much as 20% in 2024, as the economic slowdown dented consumer confidence. Weiwei Xing, partner at the consultancy, expects the first half of 2025 to remain difficult...
Press Association
Departments which do not meet 5% cuts will not get new cash – Treasury minister
Government departments which do not meet a 5% savings target in the upcoming spending review will not get cash for “new priorities”, a Treasury minister has warned. Darren Jones, who as Chief Secretary to the Treasury acts as deputy to...
Bloomberg
State Street CEO O'Hanley on US Debt, Investment, Crypto
State Street Chief Executive Officer Ron O'Hanley says he expects "uncertainty" over the next 12 months as the new Donald Trump administration takes office and implements proposed policy changes. "All of these things have inflationary...
Bloomberg
Richemont Sales Jump, Driven by Sales of Cartier Jewelry
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods. Angelina Rascouet reports.
Bloomberg
EU's Kallas 'Really Pushing' to Lower Price Cap on Russian Oil
The European Union's foreign affairs chief Kaja Kallas said Ukraine's allies should work toward lowering the price cap on Russian oil to deprive Moscow of revenue. Russia is "struggling because their national fund is depleted and they...
Bloomberg
Trump Pressure Is Good for Europe, Rheinmetall CEO Says
Rheinmetall AG CEO Armin Papperger says the pressure Donald Trump is putting on Europe to spend more on defense is good. Trump has said Europe should spend as much as 5% of gross domestic product on the military. Papperger also talks...
Press Association
Sir Keir Starmer unveils AI plan - full speech
The UK will be an AI “superpower”, Sir Keir Starmer said as he unveiled plans to expand use of the technology in a bid to boost growth. The Prime Minister conceded there would be “teething problems” involved in the process but insisted...
Press Association
UK will be ‘AI superpower’, says Starmer as he unveils plans to boost growth
The UK will be an AI “superpower”, Sir Keir Starmer said as he unveiled plans to expand use of the technology in a bid to boost growth. The Prime Minister conceded there would be “teething problems” involved in the process but insisted...
Press Association
Pressure mounts on Reeves as Starmer refuses to guarantee the future of her job
Rachel Reeves is under intense pressure after Sir Keir Starmer refused to guarantee her long-term future in No 11 as the value of the pound fell and Government borrowing costs remained high. The Prime Minister said the Chancellor had his...
Press Association
The Chancellor is absolutely right to take a ruthless approach to public spending - Prime Minister
The Chancellor is “absolutely right” to take a ruthless approach to public spending, Sir Keir Starmer said. Asked about reports the Treasury asked other Government departments to be “ruthless” in making spending cuts, the Prime Minister...
Press Association
Reeves will be Chancellor for whole of this Parliament, No 10 says
Rachel Reeves will be Chancellor “for the whole of this Parliament,” Downing Street has said, following questions over whether her future in Number 11 was guaranteed amid high Government borrowing costs. Sir Keir Starmer said Ms Reeves...