Bloomberg BusinessWeek

Startup NoBroker is using AI to cut tasks previously handled by people, putting the Indian real estate company closer to profitability.

German chipmaker Infineon Technologies AG sees the potential to eventually start making semiconductors in Thailand, following an investment of 48 billion baht ($1.44 billion) to expand its assembly and packaging footprint in the country.

Huawei Technologies Co. plans to join rivals in jacking up smartphone prices to counter rising memory costs, betting on a chips-to-software edge to protect its lead while it explores markets abroad.

India’s banking regulator approved the appointment of Anup Saha as chief executive officer of Kotak Mahindra Bank, elevating a consumer-finance veteran as the lender seeks to accelerate expansion in the country’s competitive financial sector.

Rolf Bulk, Head of Semiconductors and Infrastructure at Futurum, discusses Micron's latest earnings results and the outlook for the memory chip sector. He speaks with Shery on Bloomberg: The Asia Trade. (Source: Bloomberg)

Nidec Corp. shares plummeted as much as 20% in Tokyo after the Japanese motor maker’s auditor declined to give an opinion on its long-awaited financial statements, fueling caution over the outlook for the scandal-hit company.

South Korea’s exports extended their breakneck growth in September as global demand for artificial intelligence continued to power semiconductor shipments, reinforcing expectations that the trade-dependent economy can withstand higher interest rates.

Micron Technology Inc. gave an upbeat forecast for the current quarter, fueled by the AI building frenzy, though the chipmaker warned that rising compensation would weigh on profit margins. Bloomberg Intelligence's Jake Silverman has more. (Source: Bloomberg)

Federal Reserve Bank of Minneapolis President Neel Kashkari said he was skeptical of the argument that the US economy is shrinking but for a boom in construction related to artificial intelligence.

Moroccan authorities have used spyware for years against critics in the country and overseas, including French and Spanish politicians, according to a new report from Amnesty International, which is based on leaked documents and testimony from a former Moroccan intelligence official.

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are BlackRock Head of Model Portfolio Solutions, Americas Michael Gates, Robinhood Markets Chairman & CEO Vlad Tenev, University of Michigan Professor of Economics and Public Policy Betsey Stevenson, Morgan Stanley Investment Management Head of Global Real Assets Lauren Hochfelder, Janus Henderson Head of Americas Equities Marc Pinto, Gabelli Research Analyst & Portfolio Manager Hendi Susanto, Redpoint Ventures Managing Director Erica Brescia, VSORA Chair Sandra Rivera, JPMorgan Asset Management Global Alternatives Strategist Aaron Mulvihill, Seaport Research Partners Senior Analyst David Joyce, & Next Legacy Managing Partner Ryan Nece. (Source: Bloomberg)

Ryan Nece joins the program to talk about how he thinks about investing after football and where he is deploying capital now. Nece discusses whether he is putting all of his money into AI, setting up a conversation about current investment priorities and how athletes can approach venture investing after their playing careers. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Micron delivered results that beat already elevated expectations, with fourth-quarter numbers exceeding guidance and first-quarter outlook also coming in ahead of estimates. Erica Brescia, Managing Director at Redpoint Ventures and Former COO at GitHub, whether the explosive growth in the sector can continue. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Seaport Research Partners Senior Analyst David Joyce reacts to Ynon Kreiz joining Paramount Skydance as co-CEO of the merged company after the completion of the pending $110 billion acquisition of Warner Bros. Discovery. Joyce speaks on "Bloomberg The Close." (Source: Bloomberg)

Lauren Hochfelder, Head of Global Real Assets at Morgan Stanley, says commercial real estate may be at an appealing turning point after a prolonged correction. She notes the sector is now more than four years into what she describes as the longest correction in over 30 years, with prices still down more than 20% and trading below replacement cost for the first time since the global financial crisis. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

Hewlett Packard Enterprise Co. boosted its networking revenue forecast and announced a $1.2 billion order from cloud company Vultr, giving fresh signals that it’s benefiting from the AI build-out. The company, which expanded its networking business by acquiring Juniper Networks last year, now expects that segment to range from the high teens to the low 20s in percentage sales growth during fiscal 2027. The company also gave a longer-range sales outlook in the high teens, with an operating margin target of as much as the high 20s. For more, we speak with Marie Myers, Chief Financial Officer at HPE. (Source: Bloomberg)

Hendi Susanto, a research analyst and portfolio manager at Gabelli, reacts to Micron Technology giving a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. He speaks on "Bloomberg The Close." (Source: Bloomberg)

Micron Technology Inc., the largest US maker of memory chips, gave a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02. We get reaction from Jake Silverman, Bloomberg Intelligence Semiconductor Analyst. (Source: Bloomberg)

Former New York Governor Andrew Cuomo purchased a roughly seven-acre estate on the south shore of Long Island for $9.6 million, according to a spokesperson and property records.

Kalshi Inc. is finalizing a new financing round that would value the prediction market platform at around $40 billion, according to people familiar with the matter. The deal is expected to be the startup’s last round before an initial public offering, which is anticipated as soon as next year, the people said.