Wall Street Rises on Earnings Bets as Bond Yields, Midterms Stay in Focus
Stocks rose Friday on earnings bets despite elevated energy prices and bond yields, while OpenAI projected at least $70 billion in annualized revenue.
OpenAI expects to reach or exceed $70 billion in annualized revenue by the end of the year, according to Bloomberg. Bloomberg's Seth Fiegerman joined the program for a closer look at the company's revenue outlook.
Logitech CEO Hanneke Faber shared findings from the company's Ctrl Tomorrow study on technology's effects on user wellbeing and productivity, Bloomberg said. The report did not detail the study's specific findings.
Randall Williams, a Bloomberg News sports reporter, explained why the NFL is asking the Supreme Court to let states regulate prediction markets. The segment was part of the same Bloomberg Businessweek Daily episode.
In a separate Bloomberg newsletter, Washington Edition, Bloomberg Intelligence senior analyst Nathan Dean said he will be in London, Zurich and Milan next week to present the firm's U.S. midterm outlook for European investors. The newsletter is titled "What the Midterm Elections Mean for Energy, Finance and AI." It said Dean gives insights every Friday into what has been happening and what is coming up in government and markets. The newsletter said he would offer a sneak peek at his speech before the trip. The published excerpt did not include the contents of that speech.