Uber Technologies Inc. shares slid by the most in six months after the company issued a bookings outlook that just met analyst estimates, compounding concerns from investors about the company’s ability to evolve in the robotaxi era. Total gross bookings — a key metric that includes ride hails, delivery orders and driver and merchant earnings but not tips — will be $58.25 billion to $60.25 billion for the quarter ending in September, the company said Wednesday. For more, Uber CEO Dara Khosrowshahi spoke with Bloomberg Tech host Ed Ludlow.

Uber Technologies Inc. shares slid by the most in six months after the company issued a bookings outlook that just met analyst estimates, compounding concerns from investors about the company&rsquo;s ability to evolve in the robotaxi era. Total gross bookings &mdash; a key metric that includes ride hails, delivery orders and driver and merchant earnings but not tips &mdash; will be $58.25 billion to $60.25 billion for the quarter ending in September, the company said Wednesday. For more, Uber CEO Dara Khosrowshahi spoke with Bloomberg Tech host Ed Ludlow.

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Uber CEO Dara Khosrowshahi Talks Robotaxis, Q2 Results

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Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers — the world’s largest cloud computing providers — and they showed there’s been no letup in ambitions for building AI infrastructure. 

For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.

Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that&rsquo;s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers &mdash; the world&rsquo;s largest cloud computing providers &mdash; and they showed there&rsquo;s been no letup in ambitions for building AI infrastructure.&nbsp;
For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.

Dan Ives on Big Tech’s AI Spending Spree

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a3cad6a6-66e8-4b3a-b14d-b49d00dc9ca6/transcript

Nate Baxter, CEO and President of Scotts Miracle-Gro, joined Bloomberg Television after the company’s investor day to discuss its new growth targets, the strategy behind its 2027–2029 outlook, and how the company is trying to reach younger consumers through digital media, e-commerce and new product channels. Baxter spoke with Bloomberg's Romaine Bostick on The Close.

Nate Baxter, CEO and President of Scotts Miracle-Gro, joined Bloomberg Television after the company&rsquo;s investor day to discuss its new growth targets, the strategy behind its 2027&ndash;2029 outlook, and how the company is trying to reach younger consumers through digital media, e-commerce and new product channels. Baxter spoke with Bloomberg's Romaine Bostick on The Close.

Scotts Miracle-Gro CEO Nate Baxter Talks Growth Strategy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/44e79ab7-8c06-469e-8d2e-b49c014ad9ec/transcript

American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz. Sommers spoke with Bloomberg’s Joe Mathieu and Kailey Leinz on the early edition of Balance of Power.

American Petroleum Institute CEO &amp; President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz. Sommers spoke with Bloomberg&rsquo;s Joe Mathieu and Kailey Leinz on the early edition of Balance of Power.

American Petroleum's Mike Sommers Talks Hormuz Oil Flows

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/26d21b59-a9c7-4b0d-8716-b49c0142b185/transcript

Uber CEO Dara Khosrowshahi Talks Robotaxis, Q2 Results

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