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‘Bloomberg The Open’ Full Show (01/03//2022)

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Jonathan Ferro highlights the market-moving news you need to know heading into the opening bell on Wall Street.
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Fed Holds Rate Steady, Expects Higher Inflation

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The Federal Reserve held its benchmark federal funds rate in a range of 4.25%-4.5%, and said it would further slow the pace at which it is reducing its balance sheet. Fed officials signaled they expect slower economic growth and higher inflation. Bloomberg’s Michael McKee reports.
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Xiaomi Raises $5.5 Billion From Share Sale to Fund EV Expansion

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Xiaomi has raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to …

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Fed Meeting Only Matters in Short-Term: 3-Minute MLIV

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Anna Edwards, Guy Johnson, and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The …

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Chinese AI Pioneer Questions OpenAI’s Sustainability

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Chinese entrepreneur and AI pioneer Kai-Fu Lee says he questions the sustainability of OpenAI, and discusses the impact of …

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BYD Unveils New Battery System That Can Charge Cars in Five Minutes

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BYD unveiled a new battery and charging system that can charge almost as fast as it takes to refuel a regular car. Tesla’s Chinese …

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