Bloomberg’s Ed Ludlow breaks down Apple's earnings, which signal strong holiday demand, but show that high memory costs and greater spending on AI will squeeze margins. Plus, Disney plans thousands of layoffs as it aims to cut 20% of costs…
Grab CFO Peter Oey says the company is seeing returns from its use of AI tools in the form of higher spending by customers. The ride-hailing, delivery and financial services app raised its full-year revenue and profit forecasts. Oey joins…
Jim Messina, CEO of Fortius Global, said that he is 'cautiously excited' about Democrats' midterm chances, but signaled that he's not taking anything for granted before key races are called. Messina, who served as former President Barack…
Walt Disney is planning thousands of job cuts across the company, including TV, film and parks, with some managers being asked to target 20% in annual cost savings, according to people familiar with the matter. Bloomberg's Chris Palmeri…
Apple predicted revenue growth of 7% to 10% during the holiday season, but a warning that gross margins would be smaller due to higher memory costs and expenses related to the new Siri AI digital assistant, weighed on the stock…
Investors who rode the technology rally this year should look beyond the biggest tech stocks as growing doubts about the artificial intelligence boom rattle markets, says AllianceBernstein’s head of equities Nelson Yu.
US Midterm Election Day Democrats Cautiously Optimistic about Results 2026 Most Expensive US Election in History Voters Go to Polls while Gasoline Averages Over $4 per Gallon No Major Moves on Wall Street as Markets Await Election Results…
Bank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation.
India is the fastest-growing major economy in the world. A one-time dollar-deposit program for its diaspora has just lifted foreign-exchange reserves by 20%. The rupee is steadying and tax revenues are surging. The bond market should be…
BMW AG lowered its profit forecast for the second time in five months as the German carmaker expands restructuring efforts as it contends with ailing demand for its vehicles in China.
Emirates won’t yet commit to ordering the largest variant of Airbus SE’s flagship A350 jet, even after engine-maker Rolls-Royce Holdings Plc said it was modifying parts of the turbines to make them more reliable.
Gary Steele, CEO, Shield AI, discusses how AI-piloted aircraft and autonomous drones are changing modern warfare and the balance of military power with Bloomberg’s Tom Giles at Bloomberg Tech 2026 in London. (Source: Bloomberg)
Apple Inc. rolled out the first developer beta versions of iOS 27.3 and watchOS 27.3 on Tuesday, putting new features like always-listening artificial intelligence tools, its AI platform for China and a fresh Health app into widespread…
Andrés Manuel López Beltrán, son of Mexico’s former president and a member of the ruling party, took to social media to deny involvement amid scrutiny over alleged corruption cases.
How will AI giants like Anthropic and OpenAI pay the bills for vast computer warehouses when they are so far seeing few productivity gains? Bloomberg Opinion columnist Parmy Olson shares the weak justifications she’s been hearing from…
Walt Disney is moving toward thousands of job cuts with the entertainment giant asking some managers to target 20% in annual cost savings, according to people familiar with the matter. The savings could come from job eliminations as well…
The European Central Bank will probably increase borrowing costs next month due to the worsening outlook for inflation, Governing Council member Joachim Nagel said.
The biggest banks in the US and Europe say they’re ready to facilitate deals in the development finance sector after its embrace of complex securitizations.
The UK’s “low-key fiscal event” budget means a fading fiscal premium, for now, and a focus on sterling’s carry appeal as the first BOE rate rise in the cycle looms. In this episode of the FX Moment podcast, Bloomberg Intelligence chief FX…
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