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China Is Winning the AI Race, Says FTSG's Webb

Amy Webb, CEO of Future Today Strategy Group, says China has the edge in the AI race because it's ahead of the US in building out key infrastructure. Webb discusses why the US needs a coordinated effort to stay competitive in tech develo...

Bloomberg

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Musk Wins Reinstatement of His 2018 Pay Package as CEO

Elon Musk won reinstatement of his 2018 pay package as chief executive of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had improperly influenced board members who came up with the compe...

Bloomberg

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Consumer sentiment edges up as existing-home sales barely rise

U.S. consumer sentiment rose in December by less than expected and U.S. existing-home sales barely rose in November, with contract closings ticking up 0.5% to an annual rate of 4.13 million.

Bloomberg

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India to open nuclear industry to private firms

India's parliament passed a bill that will open its nuclear industry to private firms, unlocking investment opportunities worth $214 billion following decades of tight regulations that stifled the sector. Bloomberg News' Stephen Stapczyn...

Bloomberg

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Nike warns of sales decline as China weakness persists

Nike warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world's largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec...

Bloomberg

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The hedge fund built on Hermès bags

Christie's is backing a hedge fund for handbags. The luxury asset manager LUXUS is rolling out two funds investing in Birkin and Kelly bags after the first one sold out in May. LUXUS founder Dana Auslander joined Bloomberg Open Interes...

Bloomberg

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OpenAI selling ChatGPT bundles to colleges

OpenAI has sold more than 700,000 ChatGPT licenses to about 35 public universities for use by students and faculty. OpenAI has hired education-focused salespeople and is offering discounts to universities, with schools willing to purchas...

Bloomberg

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Sentient Jet President Alan Walsh on the rise of private jet aviation

Alan Walsh, President of Sentient Jet, says travelers are flying bigger and longer, valuing experiential travel and enjoying the holiday experience. He speaks with Romaine Bostick and Katie Greifeld on "The Close."

Bloomberg

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Bank of England: What to expect from today's decision

The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK's struggling economy and jobs market. Bloomberg's Ven Ram reports.

Bloomberg

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BP appoints O'Neill as new CEO

BP appointed Meg O'Neill as its new chief executive officer, making her Big Oil's first female leader, as the company struggles to revive its fortunes after a botched pivot toward renewable energy. Bloomberg's David Stringer reports.

Bloomberg

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How Hasbro's meeting the tariff challenge

Tariffs on imports from China have hit US toy and game companies hard, with Hasbro estimating a $60M impact on net profit in 2025. On Bloomberg Chief Future Officer, CFO/COO Gina Goetter tells Matt Miller how the company has been diversi...

Bloomberg

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Why Labubu maker Pop Mart's shares are plunging

A 40% slide in shares of Pop Mart from a peak in August shows growing worries that Labubu mania may be fading. Lackluster US Black Friday sales and cooling resale demand are also reviving comparisons to the 1990s Beanie Babies bust.

Bloomberg

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Warner Bros. urges investors to reject Paramount

Warner Bros. Discovery is pressing shareholders to oppose Paramount Skydance's hostile takeover offer, maintaining support for its original agreement with Netflix.

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OpenAI in initial talks to raise $10 billion from Amazon

OpenAI is in initial talks to raise at least $10 billion from Amazon and use its chips, a potential win for the online retailer's effort to broaden its AI industry presence and compete with Nvidia. The deal under discussion could value O...

Bloomberg

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UK inflation drop clears way for BOE rate cut

Santander Economist Victoria Clarke reacts to UK inflation data which slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England on Thursday. She speaks on...

Bloomberg

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Banks slam OCC's initial blessing for crypto trust U.S. charters

The Office of the Comptroller of the Currency's decision to grant limited banking charters to cryptocurrency companies is likely to face legal challenges from banks and even state regulators.

Bloomberg

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TikTok's live shopping experience catches on in U.S.

Bloomberg's Kurt Wagner discuses why Instagram is launching a new TV app and why TikTok's e-commerce efforts in the U.S. have finally started to gain traction. The app is now letting creators host live shopping experiences on the platform.

Bloomberg

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Nasdaq seeks SEC approval for 23-Hour weekday trading

Nasdaq Inc. asked the U.S. Securities and Exchange Commission for permission to add an additional trading session, from 9 p.m. to 4 a.m. ET, to extend trading hours on its stock venues to 23 hours during the work week.

Bloomberg

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HK's red-hot IPO market closing 2025 with rush of deals

Hong Kong's IPO market, which has raised more than $34 billion this year, is in its busiest month for listings in at least four years. That's as companies rush to list their shares. Bloomberg's Dave Sebastian reports.

Bloomberg

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Ford to take $19B in charges tied to sweeping EV unwind

Ford CEO Jim Farley explains why the automaker is overhauling its electric vehicle business after struggling for years to make it profitable. He speaks with Matt Miller on "Bloomberg The Close."

Bloomberg

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Robinhood's on 2026 crypto plans for U.S., EU

Johann Kerbrat, Robinhood SVP and General Manager of Crypto, discusses the company's crypto plans and new tools for advanced traders. He tells Romaine Bostick and Katie Greifeld on "The Close" that Robinhood plans to expand crypto featur...

Bloomberg

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Trump leaning toward Warsh or Hassett for Fed Chair: WSJ

President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the U.S. Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates. He spoke in an interview wi...

Bloomberg

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Gold boom meets holiday bling

Gold's glittering run is colliding with the holiday shopping rush and jewelry buyers are feeling it. Angara Co-Founder and CEO Ankur Daga joined Bloomberg Open Interest to talk about what's hot, what's selling, and where the jewelry busi...

Bloomberg

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McKinsey bosses weighing thousands of job cuts

McKinsey & Co. leadership has discussed with managers in non-client-facing departments the need to cut about 10% of headcount across their business, according to people with knowledge of the matter.

Bloomberg

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Gold climbs near fresh record on fifth day of gains

Gold continued its longest winning streak since the run-up to an all-time high in October, rising for a fifth day Monday. Gold has surged about 65% this year and is on track for its best annual performance since 1979.

Bloomberg

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Morgan Stanley's Xing on China data

Chief China Economist Robin Xing explains why China must rebalance its social safety net to boost consumer spending. He speaks after China released fresh data on retail sales and home prices.

Bloomberg

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Tokyo Gas eyes U.S. investments to drive growth

Tokyo Gas plans to invest in U.S. downstream assets to lift earnings and reinforce the last leg of its energy supply chain. Japan's biggest distributor of the fuel is looking to deploy capital in assets like liquefaction plants, export t...

Bloomberg

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Fed set up to keep cutting rates in 2026, Newedge's Dawson says

Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep c...

Bloomberg

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Too soon to tell who winners are in AI, Misra says

JPMorgan Core Plus Bond ETF Portfolio Manager Priya Misra says it's too soon to say who the winners and losers are yet when it comes to artificial intelligence stocks. That's why she says it's so important to have a diverse portfolio tha...

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Thailand heads for election as PM dissolves parliament

Thai Prime Minister Anutin Charnvirakul dissolved parliament, setting the stage for an early election. Bloomberg's Ramsey Al-Rikabi has the latest.

Bloomberg