Declining Policy Uncertainty Will Drive Markets Higher, Standard Chartered Says

6 days ago

Steve Brice, Standard Chartered Wealth Solutions Group CIO, says "declining policy uncertainty" in the second half of the year, together with a weaker US dollar, will "drive markets higher." He shares his outlook for the financial markets on Bloomberg Television. (Source: Bloomberg)

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Booking, Caesar's earnings reflect 'summer of savings': Henderson

Bloomberg

15 minutes ago

Bloomberg

Booking, Caesar's earnings reflect 'summer of savings': Henderson

Clint Henderson, travel expert at The Points Guy, says inbound travel 'has been dropping like a rock.' He tells Romaine Bostick and Scarlet Fu on 'The Close' that domestic travel is also declining, as travelers move away from the era of 'free on everything.' (Source: Bloomberg)

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

TechCrunch

44 minutes ago

TechCrunch

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn't yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in November 2024, making this double the valuation in about nine months. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by Blackrock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI, and Samsung Catalyst Fund. Groq was founded by Jonathan Ross, who previously worked at Google developing its Tensor Processing Unit chip. The startup emerged from stealth in 2016. This new raise comes after Groq announced in May an exclusive partnership with Bell Canada to power the telco's large AI infrastructure project. In April, Groq partnered with Meta to offer AI infrastructure to speed Llama 4 inference. Neither Disruptive nor Groq immediately returned our request for comment.

Senator Warren on Fed Rates, Housing Act and Epstein Case

Bloomberg

an hour ago

Bloomberg

Senator Warren on Fed Rates, Housing Act and Epstein Case

Senator Elizabeth Warren, a Massachusetts Democrat, says President Donald Trump's tariffs are to blame for higher interest rates. Speaking on "Balance of Power," Senator Warren also comments on the Senate's "ROAD to Housing Act" and convicted sex offender and Jeffrey Epstein accomplice Ghislaine Maxwell's scheduled testimony before a congressional committee's investigators next month. (Source: Bloomberg)