Karen Moscow
π€ SpeakerAppearances Over Time
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In other news this morning, Ukraine is asking the U.S.
for more weapons to force Russia to end the war, and Bloomberg's Amy Morris has more from Washington.
Thank you, Amy.
The Bank of England came within a vote of cutting interest rates as policymakers split 5 to 4 in favor of holding at 3.75 percent.
This after its updated forecast showed inflation falling below target, growth slowing and unemployment rising.
Governor Andrew Bailey was once again the swing voter choosing to leave rates unchanged this month, having cut at the last meeting in December.
He said in the personal statement explaining his decision that, quote, my central outlook is aligned with the staff's view of weaker demand.
Barrick Mining named Interim Chief Executive Officer Mark Hill to lead the company as it announced plans to spin off its top Northern American gold assets in an initial public offering.
NASDAQ futures, they are currently higher after the index erased its gains for the year over the past two sessions.
Traders are weighing whether the flight from tech has been excessive amid concerns over disruption from artificial intelligence, lofty valuations and vast capital outlays.
This morning, shares of Alphabet are down 3%.
The Google parent
Did top quarterly revenue estimates but said capital spending on AI will be significantly higher than anticipated?
Begin more with Bloomberg Technology host Caroline Hyde.
And that's Bloomberg Technology host Caroline Hyde, who says Alphabet's capital expenditure could come close to $185 billion this year.
That compares to the almost $120 billion that analysts had expected.
Shares of Qualcomm, they're down almost 12%.
The chipmaker's revenue forecast was weaker than expected.
Bristol-Myers Swib forecast 2026 sales and profit that beat Wall Street expectations.