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24.10.2025 2:39
24.10.2025 3:41
US Weighs Quantum Computing Boost as Trump Admin Creates De Facto Sovereign Wealth Fund The Trump administration is in early-stage conversations with quantum computing companies to discuss potential financial support for an industry that’s part of the growing race with China for technology supremacy. Commerce Department officials have discussed with industry executives the potential to use Chips Act money to back projects and companies it deems critical to national security, according to people familiar with the matter. This latest move comes as experts say the Trump administration has actually been operating a de facto sovereign wealth fund thanks to a recent government stake in Intel, plans for a Pentagon stake in MP Materials, and more. Bloomberg News Economic Statecraft Reporter Joe Deaux and Senior White House Correspondent Josh Wingrove join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Tim Stenovec. (Source: Bloomberg)

24.10.2025 3:58
Banks in Good Position for Credit Normalization: KBW CEO Thomas Michaud, Keefe Bruyette & Woods President and CEO, says the longest inverted yield curve in 47 years ended last September, helping banks earn better returns. He tells Romaine Bostick and Caroline Hyde on “The Close” that with the curve no longer inverted, conditions are finally shifting in banks’ favor. (Source: Bloomberg)

24.10.2025 4:00
Nike Uses Lab, Innovation to Fuel Turnaround Kevin McCarthy, Neuberger Berman Senior Research Analyst, says Nike’s cross-functional team restructuring was aimed not only at driving revenue but also at improving profitability. He speaks with Romaine Bostick on “The Close.” (Source: Bloomberg)

24.10.2025 5:44
Trump, Xi to Meet Next Thursday at APEC Summit US President Donald Trump and Chinese President Xi Jinping will meet next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit, the White House announced, as the leaders of the world’s two largest economies look to deescalate a simmering trade war. (Source: Bloomberg)

24.10.2025 6:23
Trump Opens ANWR to Oil Drilling The Interior Department also said it would allow a contentious road to be built through the Izembek National Wildlife Refuge in southwestern Alaska.


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