Bloomberg Nachrichten

 

Automaker Stellantis NV is considering closing and selling its assembly plant in the Toronto region, according to the union that represents workers there....

Kristen Bitterly, head of global Wealth at Work at Citi, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how the increase in life expectancy is changing how people plan for retirement. (Source: Bloomberg)...

Clara Gillispie, senior fellow for climate and energy at the Council on Foreign Relations, said that both oil producers and buyers are now considering the possibility that the Strait of Hormuz will remain closed or operating at a reduced capacity a year in the future. Gillispie said that as countries look for workarounds to the Strait, they are looking both alternative routes and ways to decrease their insurance risk exposure. (Source: Bloomberg)...

The Trump Administration announced tariffs on drone imports, seeking to bolster US security and boost domestic defense manufacturing. Bloomberg's Tyler Kendall has the details on the new levies and the White House's broader aims to ensure drone dominance. (Source: Bloomberg)...

Codelco is overhauling management and splitting oversight of its operations into northern and central-southern units as new Chief Executive Officer Jorge Gómez seeks to stabilize mines and finances at one of the world's largest copper producers....

Bloomberg's Paulina Cachero joins Scarlet Fu and Tom Keene on "Bloomberg Money." The American Dream of owning a home is alive, at least in Grand Rapids, Michigan. Almost half of all new homeowners in Kent County are younger than 35, as the area is a high concentration of affordable homes and plentiful job opportunities. (Source: Bloomberg)...

Mike Wilson, chief US equity strategist & chief investment officer at Morgan Stanley, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how long-term investors should approach their portfolio. (Source: Bloomberg)...

A pair of American Airlines Group Inc. planes with the same call sign were arriving and departing at the same time at Phoenix Sky Harbor International Airport around midnight local time on Friday — a situation that the air traffic controller guiding the aircraft said “could have been disastrous.”...

Mike Wilson, chief US equity strategist & CIO at Morgan Stanley, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how the average American does a 'bad job' rebalancing their portfolios. (Source: Bloomberg)...

The UK government issued a wildfire alert to mobile phones on Friday as drought and the tail end of a heat wave left much of the country at very high fire risk....

Brightline, the debt-laden Florida private railroad connecting Miami to Orlando, is getting help from the federal government to build a new station and replace a 100-year-old drawbridge....

Tom Kloza, chief oil advisor to Gulf Oil, says that disruption in the global oil market from the Iran war is likely to make this harvest season extremely costly as average diesel prices extends over $5 a gallon. Kloza also discussed the impact economic pressure on Iran and said that that likely means the US won't have 'full and unfettered access' to the global oil markets. (Source: Bloomberg)...

Retired US Army Brigadier General Mark Kimmitt said winning a war with Iran will require patience on the side of the United States because Iran follows a model of resistance and will consider the war a win if they don't lose. Kimmitt also cast doubt on the idea that the US could win the war with an air campaign alone as the Trump administration moves to put economic rather than military pressure on Iran. (Source: Bloomberg)...

Get a jump start on the US trading day with Dave Gura on "Bloomberg Open Interest." Signs the consumer is finally slowing sown. Today, retail sales post their biggest drop in more than a year as confidence slides. Oil rises as Washington threatens more economic pressure on Iran. Plus, OpenAI's revenue surge ahead of a highly anticipated IPO. And we'll hear from Flock Safety CEO Garrett Langley and LOVB Pro Commissioner Sandra Idehen on the $20 million boom in women's volleyball. (Source: Bloomberg)...

A key New Mexico natural gas pipeline project that would supply power-generation systems for a planned Oracle Corp. data center project has been delayed and is now expected to enter service next year....

Are stocks missing something?...

Bloomberg's Tim Stenovec takes a look at OpenAI, which is on track to generate annualized revenue of more than $40 billion, roughly doubling its run rate from the end of 2025. Plus, how a New York City bill backed by Mayor Zohran Mamdani could force Amazon to directly employ its delivery workers, and Meta's former chief AI scientist joins a new venture firm to invest in early AI startups. (Source: Bloomberg)...

224 Ventures is a new AI-native venture firm launched by former AIX Ventures co-founder Shaun Johnson, ex-Google DeepMind researcher Oriol Vinyals, and AI pioneer Yann LeCun. The trio plans to make seed-stage bets and launches with more than $100 million in assets under management. 224 Ventures General Partner Shaun Johnson discusses why the most compelling opportunities may be “nonconsensus” bets, with white space emerging in the future of work, robotics and infrastructure. He joins Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)...

OpenAI is on track to generate more than $40 billion in annualized revenue, roughly double its run rate at the end of 2025, according to sources. Bloomberg's Rachel Metz explains how growth in paying ChatGPT users, enterprise adoption and coding assistant Codex are driving the surge, and why the enormous cost of computing power remains a key challenge for the AI company. She joins Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)...

Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson. Mangione admitted on Friday in New York federal court that he shot and killed Thompson on Dec. 4, 2024. He faces life in prison. Mangione's attorney, Karen Friedman Agnifilo, US Attorney for the Southern District Jamie McDonald and NYPD Police Commissioner Jessica Tisch all spoke outside the court. (Source: Bloomberg)...