HSBC’s 2023 pretax profit of $30.35 billion was a record, but missed estimates for a $34.12 billion profit as fourth-quarter earnings were hit by unexpected charges, including on its holdings in China’s Bank of Communications. CEO Noel Quinn told Bloomberg's Francine Lacqua the Bocom impairment was a “technical accounting issue” and says there's no impact on capital. 

HSBC’s 2023 pretax profit of $30.35 billion was a record, but missed estimates for a $34.12 billion profit as fourth-quarter earnings were hit by unexpected charges, including on its holdings in China’s Bank of Communications. CEO Noel Quinn told Bloomberg's Francine Lacqua the Bocom impairment was a “technical accounting issue” and says there's no impact on capital.

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HSBC CEO Noel Quinn Talks Earnings

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Utah Governor Spencer Cox discusses Meta’s settlement, arguing the amount should have been much higher, yet argues the more consequential result is the equitable relief requiring child accounts, age-gating, parental controls, algorithm changes, overnight restrictions and healthy pauses. Cox thinks Meta buried research showing significant harms to young users and says Utah will use the money to mitigate those harms, help struggling children, and create more opportunities for them in the real world. Cox spoke with Bloomberg's Joe Mathieu and Tyler Kendall.

Utah Governor Spencer Cox discusses Meta&rsquo;s settlement, arguing the amount should have been much higher, yet argues the more consequential result is the equitable relief requiring child accounts, age-gating, parental controls, algorithm changes, overnight restrictions and healthy pauses. Cox thinks Meta buried research showing significant harms to young users and says Utah will use the money to mitigate those harms, help struggling children, and create more opportunities for them in the real world. Cox spoke with Bloomberg's Joe Mathieu and Tyler Kendall.

Utah Governor Spencer Cox Talks Meta Settlement

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/26aa08b9-2bd3-4397-a7b6-b4b201802e1d/transcript

Lam Research is announcing a major expansion of its semiconductor research and development footprint in Oregon,  as part of a $1.5 billion investment in the state. 

Lam Research CEO Tim Archer discusses the expansion and the state of the AI infrastructure buildout. He speaks with hosts Tim Stenovec and Lisa Mateo, along with Bloomberg Tech co-host Ed Ludlow. 

Lam Research is announcing a major expansion of its semiconductor research and development footprint in Oregon, &nbsp;as part of a $1.5 billion investment in the state.&nbsp;
Lam Research CEO Tim Archer discusses the expansion and the state of the AI infrastructure buildout. He speaks with hosts Tim Stenovec and Lisa Mateo, along with Bloomberg Tech co-host Ed Ludlow.&nbsp;

Lam Research CEO Tim Archer Talks AI Infrastructure Buildout

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/915e4ff8-0704-4c75-84f3-b4b201778cc9/transcript

Vanguard Group has agreed to buy digital wealth platform Altruist, marking a strategic shift from its traditional organic growth approach to expanding its wealth management capabilities through acquisition. The deal follows Altruist’s notable impact earlier this year when it introduced a tax strategy tool that caused a sell-off in wealth management stocks. In an exclusive interview with Bloomberg’s Dani Burger, Vanguard CEO Salim Ramji and Altruist CEO Jason Wenk discussed the significance of the transaction and Vanguard’s commitment to enhancing its digital wealth offerings.

Vanguard Group has agreed to buy digital wealth platform Altruist, marking a strategic shift from its traditional organic growth approach to expanding its wealth management capabilities through acquisition. The deal follows Altruist&rsquo;s notable impact earlier this year when it introduced a tax strategy tool that caused a sell-off in wealth management stocks. In an exclusive interview with Bloomberg&rsquo;s Dani Burger, Vanguard CEO Salim Ramji and Altruist CEO Jason Wenk discussed the significance of the transaction and Vanguard&rsquo;s commitment to enhancing its digital wealth offerings.

Vanguard & Altruist CEOs Talk Wealth Platform Deal, Prediction Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6f3f3380-2615-42e5-93cd-b4b200f6aa8d/transcript

HSBC CEO Noel Quinn Talks Earnings

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