Bloomberg Talks

Ramaco Resources CEO Randall Atkins says China is the 'bad guy' for dumping cheap steel onto global markets. The chief executive of the Nasdaq-listed metallurgical coal miner also says the company is pivoting towards rare earths development as the scramble for the metals accelerates, and both the US and Europe push to end their reliance on foreign supplies of critical materials. He spoke with Bloomberg's Caroline Hepker and Anna Edwards.
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Kuwait Petroleum Corporation CEO Sheikh Nawaf Al-Sabah said that company told customers that it would do 'everything possible' to ensure shipments of crude would continue despite the closure of the Strait of Hormuz. Al-Sabah said that the company has been able to produce over 2 million barrels a day and is looking into future pipelines to move crude. Al-Sabah spoke with Bloomberg's Romaine Bostick.
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With Bose acquiring Skullcandy today, CEO Lila Snyder discusses what the deal means for both companies, how the audio company is trying to reach the next generation with wired headphones, and the role AI will play in future products. Snyder spoke with Bloomberg's Romaine Bostick.
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Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion. The moves show that Meta has confidence that its spending on artificial intelligence will bear fruit. Chief Executive Officer Mark Zuckerberg has struggled to persuade investors to accept the company’s ballooning expenses for ambitious AI bets. But in recent months, Meta has made headway with its technology.
Meta shares rose in after-hours trading on Wednesday. They had gained about 6% this year through the close in New York.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Ed Ludlow, Bloomberg Tech co-host.
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United Airlines CEO Scott Kirby said the sharp rise in fuel prices is weighing on the airline’s outlook, though United has passed on about 72% of the increase so far. Recent booking yields are up more than 20%, and Kirby said United could approach full fuel-cost recovery with roughly a three-month lag if fuel prices stop rising. He expects the airline to remain profitable despite earning less in the second half than last year or previously anticipated. Scott Kirby speaks with Bloomberg's Jonathan Ferro and Lisa Abramowicz.
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