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- Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.
For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.
See omnystudio.com/listener for privacy information. - Starbucks Chairman and CEO Brian Niccol says that a multi-brand model is a possibility, calling it an "interesting proposition down the road," during an interview with Bloomberg's Romaine Bostick on Open Interest. Speaking a day after Starbucks released its quarterly earnings, Niccol also discusses plans for opening roughly 300 new stores in the US in fiscal year 2028 and aiming to double the international footprint to 40,000 stores.
See omnystudio.com/listener for privacy information. - Billionaire and founder of the Arora Group, Surinder Arora reacts to the UK's budget and what it means for business leaders in the country. He told Bloomberg's Caroline Hepker that measures to help stimulate the economy don't go far enough.
See omnystudio.com/listener for privacy information. - Rick Wurster, Charles Schwab CEO, talks investing in AI, the blend of AI with human financial guidance, stock value and prediction market popularity. He spoke to Bloomberg's Carol Massar and Tim Stenovec at Schwab IMPACT 2026 in Boston.
See omnystudio.com/listener for privacy information.
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