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    Investors Need Proof of Meta's Spending Paying Off: Feeney

    JoAnne Feeney, portfolio manager & partner at Advisors Capital Management. joins Scarlet Fu on "Bloomberg Markets." Meta Platforms shares plunged by the most in six months after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment that CEO Mark Zuckerberg is making to catch up in the artificial intelligence race won't pay off.

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    Bloomberg

    Is Miami the New Wall Street?

    Miami is rapidly transforming into the new financial capital of the US as MIAX CEO Thomas Gallagher joins a special edition of Bloomberg Open Interest to explain why Wall Street firms, top traders, and major capital are migrating south. Backed by cutting-edge tech and a Bloomberg partnership, MIAX is betting big on futures, options, and Miami's long-term dominance.

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    Bloomberg

    House Votes to End DHS Shutdown as Threats of Airport Chaos Loom

    he longest partial shutdown in US history is nearing an end as the House on Thursday passed funding for most of the Homeland Security Department, just days ahead of missed paychecks for Transportation Security Administration workers that threatened to throw airports into chaos for a second time this year. The Senate unanimously passed the funding package weeks ago, and the White House has said President Donald Trump will sign it. Republican Steve Daines joined to discuss as well as the looming FISA deadline. Sen. Daines said the Senate easily pass a 45-day extension of a government surveillance authority to give more time to come up with an agreement to extend the law for a longer term.

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    Bloomberg

    Meta Needs to Stop Spending As If It's A Cloud Giant: Lee

    Dave Lee from Bloomberg Opinion critiques Meta's positioning as a cloud business, highlighting that unlike true hyperscalers such as Amazon and Google, Meta does not demonstrate healthy growth in cloud sales driven by AI. Despite Meta's substantial capital expenditure of up to $145 billion, its AI strategy appears unconvincing, as reflected in the cautious tone of its leadership during the earnings call. Lee emphasizes that Meta's cloud investments do not translate into the same growth metrics seen in established cloud providers, suggesting the company should reconsider its spending approach in this area. Original filename: 20260430_164535_Bloomberg_Opinion_Meta_s_Cloud_Spending_Lacks_Conviction_Am.mp4

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