Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” He said interest rates are the Fed’s “predominant tool” for achieving its mandate, but stopped short of signaling he would support an interest-rate hike when Fed officials gather in September. Bloomberg Businessweek Daily has the details on Warsh's first major address at Jackson Hole since becoming Fed Chair 3 months ago.

On today's episode:
Mike McKee, Bloomberg News' Economics & Policy Correspondent
Linda Hasenfratz, Linamar Executive Chair
Michelle Jamrisko, Bloomberg News White House & National Security Editor
Jessica Nix, Bloomberg News Health Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Congress in 2022 tweaked the rules governing 529 plans, letting holders roll up to $35,000 in unused funds into a Roth IRA. As a result, savers are pouring money into the accounts after hitting the annual limits for contributing to their retirement plans — treating the 529 as a backdoor for funding a Roth IRA. One in 4 parents surveyed in Fidelity’s 2026 College Savings Indicator Study said they are now more likely to open a 529 account given the rollover and alternative uses. Bloomberg News Personal Finance Reporter Sarah Foster discusses.
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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Nvidia, the chipmaker at the heart of the artificial intelligence boom, said revenue will grow about 70% next fiscal year, easing concerns that AI spending is poised to lose momentum. The projected sales growth for fiscal 2028 outstrips analysts’ estimates for a 45% jump, according to data compiled by Bloomberg. Nvidia shares rose as much as 7.6% to $225.50 after trading got underway in New York on Thursday, adding about $362 billion in market value. The stock was already up 12% this year through Wednesday’s close.
On today’s episode:
Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence
Matthew O’Neill, Co-Producer & Co-Director, ‘Can’t Look Away: The Case Against Social Media’
Nina Trentmann, Bloomberg News Senior Editor and CFO Briefing Editor & Eric Aboaf, CFO and EVP at S&P Global
Patrick Pan, Global Head of Marketing at X-Lab
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
The LDS church, widely known as the Mormon Church, has assembled a sprawling real estate empire over the last century. Through a web of subsidiaries, it has accumulated billions of dollars of properties from farms and ranches to apartments and hotels, becoming one of America’s largest — and least transparent — landowners. Behind those holdings is a highly sophisticated investment operation more akin to a sovereign wealth fund than a religious institution, according to brokers and investors who have worked with the church. Natalie Wong, Bloomberg News Commercial Real Estate Reporter discusses her reporting.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

NOTE: The live program this podcast was created with originally aired prior to Nvidia's earnings call, in which CFO Colette Kress said she expects the company to "grow revenue by approximately 70% in fiscal 2028." This sent shares higher in afterhours trading. You can read the full story here.
Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.

Today's podcast includes:
Kunjan Sobjani, Bloomberg Intelligence Senior Semiconductor Analyst and Ed Ludlow, Bloomberg Tech Host
Tim Archer, CEO of Lam Research with Ed Ludlow
Alexandra Levine, Bloomberg News Tech Reporter AND Stacey Steinberg, Professor at the University of Florida Levin College of Law on Meta
Jennie Welch, Bloomberg Economics Chief Geoeconomics Analyst
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