Hong Kong has become a vital conduit for high-tech products moving in and out of China, emerging as one node in a $2 trillion network of Asian trade fueled by a global boom in artificial intelligence.

Quant funds in China have become so popular that they are being deluged with investors’ money.

Pembina Pipeline Corp. will move ahead with a C$4.6 billion ($3.2 billion) gas-fired electricity plant that will power a data center project in Alberta.

President Donald Trump said he sees the need for some standards on artificial intelligence technology, but wants to avoid burdensome restrictions that may hamper American companies competing with China.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are MSIM CIO, Portfolio Solutions Group Jim Caron, Roth Capital Senior Research Analyst Craig Irwin, CUNY Graduate Center Research Professor, Economics Paul Krugman, Securitize Co-Founder & CEO Carlos Domingo, Envestnet Co-Chief Investment Officer & Group President Dana D’Auria, Blueprint Capital Advisors CEO Jacob Walthour Jr., Vanguard Senior Fixed Income Client Portfolio Manager Rebecca Venter, Cambria Investment Founder & CIO Meb Faber, & Stew Leonard’s President & CEO Stew Leonard Jr. (Source: Bloomberg)

President Donald Trump said he thinks Elon Musk will donate SpaceX stock to the Trump accounts initiative, following other technology executives who have embraced the new investment vehicles for children.

Stocks in Asia were set to decline for a second session as investors continued to rotate out of technology shares on concerns that the artificial intelligence-fueled rally has run ahead of itself.

Japanese companies have sold the highest amount of convertible bonds in more than two decades in the first half, turning to the cheaper financing alternative as interest rates continue to climb.

Oil steadied as tanker traffic through the Strait of Hormuz increased further, adding to a gush of near-term supply while talks between the US and Iran continue.

Prime Minister Mark Carney announced a deal with British Columbia that keeps an oil tanker ban in place for Canada’s north coast, and commits billions of dollars in federal funding for energy, mining and transportation projects.