Business

Apple’s Priciest iPhone Duo Hits $3,199, Setting Industry Record

Apple Inc.’s breakthrough new iPhone Duo costs $3,199 for the highest-end configuration, setting a record for the price of a mass-market smartphone.

AI Can Create Massive Opportunities For All Of Us: Shah

Ajay Shah, chairman of global technology investment banking at Deutsche Bank Securities, joins Scarlet Fu on "Bloomberg Deals." An AI researcher has resigned from Anthropic and called on other staffers to rethink their work, citing his…

Former Apple CEO Sculley 'Excited' About iPhone Duo

John Sculley, Zeta Global vice chairman emeritus and former Apple CEO, reacts to Apple's new iPhone Duo, the company's first foldable smartphone, which will have a 7.6-inch display when unfolded and a 5.4-inch outer screen. He speaks on…

Signet Jewelers CEO on 2Q Results & Trends To Watch

J.K. Symancyk, CEO of Signet Jewelers, said the company feels confident after raising guidance for a second time this year, pointing to solid fundamentals, five positive comparable-sales quarters in the last six, and momentum heading into…

Hunter Biden’s $LAPTOP memecoin crashes shortly after launch

Cryptocurrency named after computer linked to two criminal prosecutions against former US president’s son

Bessent’s political turn in GOP speech tests his bond-market credibility

Treasury Secretary Scott Bessent's planned Republican convention speech in Dallas is raising questions about how politics could affect market confidence in him.

Husband & Wife Explore Sale of $37B Credit Firm

Bloomberg's Matt Monks joins Scarlet Fu on "Bloomberg Deals." Palmer Square Capital Management is a $37 billion credit firm run by the husband-wife duo Chris and Angie Long. And the couple is exploring a sale of the business. Under their…

Vietnam, Russia to bring trade turnover to $15 bln by 2030 — To Lam

Vietnam's president said that Hanoi welcomes increased investment by Russian companies in the development of renewable energy and the oil and gas sector, as well as in the exploration of deep-sea resources

Apple debuts $1,999 passport-shaped foldable phone, called Duo

The Duo launch, first with new CEO John Ternus, is the most noticeable overhaul of Apple's flagship product since 2017.

What Is AI Distillation and Why Are US Tech Companies Worried?

Artificial intelligence companies in the US have spent hundreds of billions of dollars to develop advanced chatbots, betting they can earn enough from customers to justify the investment. That approach carries the risk of being undermined…

HOF Consortium Completes Purchase of Bugatti

Hisham Elhaddad, co-founder and managing partner of HOF Capital, joins Scarlet Fu on "Bloomberg Deals." Porsche said it will generate about €1 billion ($1.16 billion) from the sale of its stake in the venture that owns the Bugatti supercar…

Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say