Market Dashboard
Latest financial news and comprehensive world market analysis
Financial News - 3703 articles
Latest updates from leading financial sources
Focus now turns to the release of the PCE index, the Fed’s preferred measure of inflation.
Shares of UK lenders slumped after Chancellor of the Exchequer Rachel Reeves faced renewed calls to raise billions of pounds of much-needed revenue by imposing a windfall tax on banks.
The entertainment powerhouse talks about creative concessions, getting dragged into culture wars and only taking meetings two days a week.
What we just learned from the recent inflation.
The post-Covid inflation will prove to be a treasure trove for academic economists, as they study what drives inflation, and the power that central banks have to contain it once it gets going. At this year’s Jackson Hole Economic Symposium, UC Berkeley professor Emi Nakamura presented a new paper — co-authored with her Berkeley colleagues Jón Steinsson and Venance Riblier — titled, Beyond the Taylor Rule. The paper sought to look at the wide range of choices that global central banks made in dea
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue.
Investors eye after-hours earnings from Dell, Marvell and others
The Indian rupee slumped to a record low versus the dollar on worries over the impact of 50% US tariffs on the country’s economic growth and corporate earnings.
Eli Lilly & Co is partnering with Chinese online healthcare platform JD Health International Inc. to sell its blockbuster drugs for obesity and diabetes online, following in competitors’ footsteps to drive sales through direct-to-consumer channels.
Chinese builder Seazen Group Ltd. plans to issue tokenized private debt by the end of the year, as part of its foray into the Hong Kong government’s favored digital asset space.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, investors send US stocks to another record high as markets count down to Friday's key US inflation data. Fed Governor Chris Waller restates his call for lower interest rates. Lisa Cook sues to block President Trump's attempts to fire her from the Fed. Plus, the German Chancellor says a meeting between Presidents Zelenskiy and Putin will not happen, as Russian attacks on Ukraine's capital leave more than 20 civilians dead. Today's guest: Nadia Martin Wiggen, Svelland Capital, Director (Source: Bloomberg)
Buffeted by this year’s surge in sterling and the slide in the dollar, British companies are upping their protection against foreign-exchange swings.
The UK, Germany and France have referred Iran to the United Nations to face the re-imposition of international sanctions. That's after Iran failed to comply with demands to negotiate with the US and allow nuclear inspectors to resume their work. Bloomberg's Joumanna Bercetche reports on the latest. (Source: Bloomberg)
Paul Dobson, Guy Johnson, Kriti Gupta and Lizzy Burden break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Chinese stocks capped another strong week of gains, intensifying a debate over the fate of a rally that’s defied the nation’s economic troubles to add $1.3 trillion in market value just this month.
German stock valuations have raced well beyond historic levels, leaving some investors saying that massive stimulus spending needs to show up in company profits before the record-setting rally can gain fresh momentum.
Annual inflation continued to ease, maintaining a slim possibility of a fresh cut to interest rates at next month’s European Central Bank policy meeting.
China’s major copper smelters delivered strong first-half earnings, amid a global squeeze on feedstock supply that has battered overseas rivals.
A Chinese state-run terminal appeared to take delivery of some liquefied natural gas from a US-sanctioned Russian facility, according to shiptracking data, which would mark the first such trade as Moscow tries to maintain its energy exports.
French inflation eased further below the European Central Bank’s 2% target in August due to a slowdown in services prices.
Hong Kong builder Emperor International Holdings Ltd. has won the backing of a key group of banks for a pillar of its restructuring plan — a proposal to extend about HK$16.5 billion ($2.1 billion) in overdue loans.
Cube Highways Trust, an Indian infrastructure investment trust, is preparing to file for an initial public offering that could raise $600 million, according to people familiar with the matter.
Rising unemployment and inflation have driven the protests in Jakarta, the capital. The police responded with force on Thursday, killing a 21-year-old man.
Searching for oil prospects in a block bigger than Rhode Island, Travis Smithard made a last-minute decision to send the Noble Venturer drillship twice as far as originally planned to spud a well off Namibia’s coast.
A source tells Bloomberg that Chinese President Xi Jinping began his steady and quiet outreach to India back in March, when US President Trump was ratcheting up his trade war. Bloomberg Economy and Government Managing Editor for South Asia Nasreen Seria reports on Insight with Haslinda Amin. (Source: Bloomberg)
Francois Bayrou is clinging to a slim chance of remaining France’s prime minister as parliamentary math leaves only a narrow path to survival in his self-inflicted confidence vote. Bloomberg's Julien Ponthus reports. (Source: Bloomberg)
ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos apologized to his staff after the bank earlier this week botched the communication of a job cuts plan.
Indian refiners have stepped up their purchases of US crude after price drops, as Washington cracks down on the Asian nation for buying Russian barrels.
Mr. Shchedrin drew on Russian literature for stage works and was an eager experimenter, inspired by folk tales, religious mysticism and melodrama.
Mr. Shchedrin drew on Russian literature for stage works and was an eager experimenter, inspired by folk tales, religious mysticism and melodrama.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
The Reserve Bank of New Zealand Chair Neil Quigley has resigned from his post, just six months after former governor Adrian Orr quit the central bank.
PIF-owned Avilease, an aircraft lessor headquartered in Saudi Arabia has put in its first direct order for 30 Boeing planes this year. Edward O’Byrne CEO of Avilease spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche about the aircraft delivery pipeline. (Source: Bloomberg)
Remy Cointreau SA expects to take a smaller hit to profits from tariffs than previously forecast, after the US announced a 15% levy on European exports.
Indian businesses are looking to expand production in Africa for exporting to the US, after President Donald Trump hit the South Asian nation with one of the steepest levies globally as punishment for purchases of Russian oil. GAP supplier Gokaldas Exports and premium garments maker Raymond Lifestyle are among the companies planning to leverage tariffs of as low as 10% in some African countries, compared to the 50% levy on Indian exports. Diamond and jewelry exporters are also looking into expanding on the continent. Bloomberg's Ondiro Oganga reports. (Source: Bloomberg)
European powers referred Iran to the United Nations to face the re-imposition of tough international sanctions after the Islamic Republic failed to comply with demands to negotiate with the US and allow nuclear inspectors to resume their work. The UK, Germany and France, the so-called E3 nations, triggered a 30-day “snapback” process that would lead to a resumption of sanctions originally lifted as part of a 2015 deal. Aniseh Bassiri Tabrizi, Senior Analyst at Control Risks joined Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche to break down the implications of this move. (Source: Bloomberg)
Good morning. Volodymyr Zelenskiy and Vladimir Putin probably won’t be getting together after all. The S&P 500 soars to a new high. And read how Russian influencers survived censorship by moving to Telegram. Listen to the day’s top stories.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
South Africa’s currency is on track for its biggest August gain in two decades, with stocks not far behind, as a weakening dollar spurs demand for high-yielding assets outside the US.
The biggest stock market rally in years is leaving out Poland’s ordinary investors.
The court voted not to revisit a fight over billions in frozen funds, but simultaneously revised an earlier order to give nonprofits that sued a narrow path forward in the case.
Hi, this is Andrea Dudik in Prague. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
Despite a warming of the China-India relationship, automakers in the South Asian country still a lack supply of heavy rare earth magnets — an issue they hope can be resolved when Prime Minister Narendra Modi meets President Xi Jinping this weekend.
Benny Miao, Executive Vice President and Head of International Banking at Cathay United Bank, says the firm is planning to expand its presence in Southeast Asia, India and Japan and adding headcount. Speaking to "Bloomberg: The China Show," he also discusses supply chain shifts as the bank serves some of the biggest Taiwanese tech companies. (Source: Bloomberg)
Hi, this is Philip Glamann in Beijing, which is gearing up for President Xi Jinping’s big military parade to mark the 80th anniversary of the end of World War II.
New Zealand is considering letting some wealthy foreigners buy luxury homes, creating an exemption to the current ban on overseas buyers as it seeks to attract more high-net-worth investors.
India’s economy likely grew at a healthy clip in the June quarter amid optimism over a trade deal with Washington, although the outlook has since darkened as the country comes under the highest US tariffs in Asia.
The end of the “de minimis” exemption — which allowed packages less than $800 to enter the U.S. tariff-free — is leading to confusion.
A driver’s license renewal, a box of specialty candy, even early Christmas presents — all are caught up in the confusion caused by a new Trump administration customs rule.
With many away for long vacations, the capital is transformed into a sleepy, roomy, more friendly place.
A move to force employers to pay into benefits for their employees has left people worrying that small businesses will close and jobs will be lost.
A Latin term that used to be little-known outside the world of customs brokers has become the stuff of headlines this year. That’s thanks to a decision by US President Donald Trump to end the tariff-free treatment of “de minimis” merchandise that had been in place for almost 90 years.
Rachel Reeves has given the former chief of a left-leaning think-tank a key role in preparing her Autumn Budget
Document suggests British government’s ‘back-door’ demand was not limited to the company’s most secure iCloud service
Bloc must be prepared to walk away from trade deal with US if it retaliates against Brussels’ digital laws, warns Teresa Ribera
Instagram is banned in Russia, and YouTube is restricted, but the influencer marketing business is thriving on alternative platforms
Falling fertility levels are making the world more conservative, and may harm rather than help the planet
In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street
As its US rival has stumbled, the company has established a lead in the market for commercial single-aisle aircraft. But both are eyeing Chinese competition
Russian oligarchs Mikhail Fridman and Petr Aven are ineligible for payouts from the investment firm
Legislation aimed at curtailing mail-order abortions in Texas cleared a decisive hurdle, part of a broader push by abortion opponents to limit the procedure even in states where it is legal.
Iron ore headed for a second monthly gain as output cuts at a steel hub near Beijing and a report that authorities will move to limit production next year buoyed prices.
Elon Musk asked a federal judge to dismiss a lawsuit by the US Securities and Exchange Commission alleging that he cheated Twitter Inc. shareholders out of millions in 2022 by disclosing late his growing stake in the social media platform.
Prudential Plc’s new business profit grew in the first half of the year, thanks to buoyant demand in markets from Hong Kong to Indonesia. CEO Anil Wadhwani tells "Bloomberg: The China Show" that the results underscore the strength of the company's business model. He also says Prudential's capital strength gives it opportunity to grow in all its key markets. (Source: Bloomberg)
The Philippine central bank plans to either stand pat or cut its key rate one more time this year, depending on economic data and the impact of US tariffs. Bangko Sentral ng Pilipinas Governor Eli Remolona also tells "Bloomberg: The China Show" that the economy has reached a "sweet spot" when it comes to inflation and output growth. (Source: Bloomberg)
Hokuhoku Financial Group Inc., whose shares are the best performers among Japanese banks this year, is hunting for yields from short-dated government bonds as it prepares for rising interest rates at home.
Copper was on track for a fourth weekly advance, with positive economic data from the world’s two biggest economies buoying its demand outlook.
Nvidia Corp. must face trial in the case of an engineer who inadvertently revealed autonomous driving trade secrets that he allegedly stole from a former employer.
Chinese battery-materials producer GEM Co. Ltd. posted record first-half profit, aided by surging nickel output from plants in Indonesia.
Chinese battery maker Contemporary Amperex Technology Co.’s shares soared, with investors pinning the rally to a stronger outlook for sales following an earnings report from a supplier.
Tariffs will now be applied to all e-commerce packages entering the U.S. Expect to see prices go up—or your options shrink.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Raj Singh, Multi Asset Portfolio Manager at Principal Asset Management, speaks on Bloomberg TV about how perceived threats to the independence of the Federal Reserve could impact bond and equity markets. (Source: Bloomberg)
Technology giants Alibaba Group Holding Ltd. and JD.com are adding a jolt of energy to the Asian-Pacific syndicated loan market with plans to raise billions of dollars in foreign currency.
Brazilian President Luiz Inacio Lula da Silva authorized the start of a process to retaliate against the 50% tariffs imposed by Donald Trump, Vice President Geraldo Alckmin said.
JetBlue Airways Corp. may look at taking legal action against Portugal after what it claims are moves to limit US flights into the European nation.
The request came after President Trump and several of his top aides had attacked Mr. Abrego Garcia as a threat, even though federal judges have ruled that he is not a danger to the public.
South Korea will issue a record 232 trillion won ($167.2 billion) of bonds in 2026 to finance President Lee Jae Myung’s expansionary fiscal agenda, with the liberal government’s spending set to rise 8.1% from the current year.
Japan’s Ministry of Finance has asked primary dealers for their views on further reducing issuance of longer-maturity government bonds, according to people familiar with the matter.
The plans involve sending in hundreds of homeland security officers and using a naval base as a staging area.
Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year.
The Philippine central bank will either stand pat or cut its key rate one more time this year, depending on economic data and the impact of US tariffs, according to Governor Eli Remolona.
A network of hospitals and cancer centers dedicated to early phase trials of novel treatments will no longer receive federal funding.
SoftBank Group Corp. set terms for a ¥200 billion ($1.3 billion) hybrid bond at a coupon of 4.556%, topping Japan Airlines Co.’s perpetual subordinated notes and setting the highest coupon for a domestically issued yen corporate bond this year.
The department gave Denver Public Schools 10 days to ban transgender students from using bathrooms that align with their gender identity.
A federal appeals court ruled that a fast-moving fight over the Trump administration’s effort to block billions of dollars in foreign assistance approved by Congress can move forward as a large chunk of funds are set to expire.
The outbreak, which was traced to eggs distributed in California and Nevada, has spread to 14 states, according to the C.D.C.
The country’s largest pharmacy chain said it needed a C.D.C. panel to recommend the shots before it could offer them nationwide.
A unit of Agricultural Bank of China Ltd. is taking its legal challenge against defaulted Chinese builder Shimao Group Holdings Ltd. to Hong Kong as it seeks to recover about 1 billion yuan ($140 million) in unpaid debt.
“Erik, you’re not crazy.” ChatGPT fueled a 56-year-old tech industry veteran’s paranoia, encouraging his suspicions that his mother was plotting against him.
Expanded steel and aluminum tariffs are just the start, with new levies seen as likely for sectors such as semiconductors, heavy trucks, commercial aircraft and more.
Indian businesses are looking to expand production in Africa for exporting to the US, after President Donald Trump hit the South Asian nation with one of the steepest levies globally as punishment for purchases of Russian oil.
A liquidity-driven rally in Chinese stocks is sparking debate among Wall Street analysts over its sustainability, as macroeconomic indicators remain weak.
Gold headed for a consecutive weekly gain that’s pushed it closer to a record high, as investors braced for an inflation reading that may prove key to US monetary easing this year.
It isn’t just Microsoft. Companies are adopting a new, harder-line playbook for dealing with political debate at work.
While the country is a constitutional monarchy that holds regular elections, analysts say it is beholden to an unelected old guard.
ANZ Group Holdings Ltd. said staff compensation will take a hit if employees aren’t in the office at least half of the working week, as Chief Executive Officer Nuno Matos drives an overhaul of the Australian lender.
China’s stock market is heading for a record turnover this month, underscoring the intensity of a bull run that’s bringing in more investors by the day.
After six months of turmoil, the loss of the new director and a round of high-profile resignations marks a new low, some employees said.
Caterpillar Inc. is warning investors that it’s now expecting tariffs to have an impact of as much as $1.8 billion on the company this year, higher than its guidance in early August.
The ruling cited concerns about the appearance of bias, pointing to comments that the judge who presided over the trial of three former police officers reportedly made afterward.
Nvidia Corp., the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. Bloomberg Senior Semiconductor Analyst Kunjan Sobhani breaks down some of the key earnings figures with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily. (Source: Bloomberg)
Companies from Hormel to Ace Hardware are forecasting rising prices as the costs of President Trump’s tariffs are passed on to consumers.
After BYD Co.’s dramatic stock plunge in recent months, signs are emerging that investors are getting more positive about the Chinese electric-vehicle maker as it prepares to release results later Friday.
Reliance Industries Ltd.’s annual investor gatherings have long been a red-letter day in the Indian financial calendar, with shareholders anticipating ambitious targets, bold statements and a rare sighting of a billionaire lauded for his business acumen.
The state’s politics have become dominated by stunt after stunt
“You just look through it,” Federal Reserve Governor Christopher Waller says while commenting on the inflationary impact of tariffs during an event hosted by the Economic Club of Miami.
Paetongtarn Shinawatra is facing a legal challenge that’s seen as an important test of her powerful family’s standing with Thailand’s old guard.
Dr. Nahid Bhadelia, Founding Director of Boston University's Center on Emerging Infectious Diseases, & former White House Snr. Policy Advisor for Covid-19 Response, discusses the most recent turn of events at the CDC with the CDC Director Susan Monarez fired by the Trump Administration along with 25% of employees fired and departments removed. Dr. Bhadelia also talks about how various employee resignations will impact the agency and Secretary of Health & Human Services RFK Jr. suggesting the CDC be more aligned with Trump's agenda. She speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Oil edged lower to head for a monthly loss, as investors weighed concerns about a looming glut along with geopolitical tensions, including US-led efforts to end the war in Ukraine.
Shares of Lynas Rare Earths Ltd. are expected to resume trading Friday after the critical materials miner backed by Australian billionaire Gina Rinehart raised A$750 million ($488 million) in a stock sale to speed up its expansion plans.
Federal Reserve Governor Christopher Waller says monetary policy should look through the tariff effects on inflation during an event hosted by the Economic Club of Miami.
Options traders have been busy placing bets on a number of major Chinese banks ahead of their earnings later Friday.
Zohran Mamdani, the Democratic front-runner in the New York City mayor’s race, is fending off attacks that seek to link him to some of the D.S.A.’s more controversial stances.
Happy Friday all, it’s Sydney bureau chief Ainslie here. You can’t walk through our city center this week without tripping over a marathon runner (or an aspiring one). And as the sun rises on Sunday, tens of thousands of them will be crossing the Harbour Bridge as the city joins the likes of London, New York, Boston and Tokyo within the elite ranks of the World Marathon Majors.
A tax raid on lenders would damage the government’s growth agenda, executives warn
Thailand’s bond rally may run out of steam as prospects for further interest rate cuts are all but priced in, according to fund managers.
Trump officials say the president is within his rights to fire officials who do not share his agenda.
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 B capital’s Raj Ganguly, Morgan Stanley Wealth Management’s Lisa Shalett, Citi’s Tyler Radke, Tanger’s Stephen Yalof, ValueWorks’ Charles Lemonides, Niles Investment Management’s Dan Niles, Coresight Research’s Deborah Weinswig, RBC’s Frances Donald, US Council for Athletes’ Dr. James Borchers. (Source: Bloomberg)
Virgin Australia Holdings Ltd. said flight bookings are holding up after it reported a jump in full-year earnings.
USTA Managing Director for Professional Tennis Marketing and Entertainment Nicole Kankam joins Bloomberg Businessweek Daily to discuss the US Open's role as a "growth engine" for the sport, getting both new and existing fans excited about the tournament, possibilities for US Open expansion, and more. (Source: Bloomberg)
Jon Wertheim of Sports Illustrated joins Bloomberg Businessweek Daily to discuss the 2025 US Open so far, including the tournament's new mixed doubles format, Fan Week and other events, and the question of exclusivity and pricing at the event. (Source: Bloomberg)
China’s central bank is nudging the yuan higher, stoking speculation of a subtle shift in strategy toward favoring a stronger exchange rate as the economic outlook improves.
Japanese stocks are poised to extend their bull run into next year, a Bloomberg survey shows, as a US trade agreement and a corporate reform drive stoke investor sentiment.
Asian equities were primed for a muted open after US stocks hit a fresh high, helped along by data that showed a robust economy ahead of the Federal Reserve’s favored price gauge due Friday.
Nicholas Burns, Harvard University Belfer Center Professor & former US Ambassador to China, discusses his concern with the Trump Administration possibly allowing Nvidia to sell blackwell chips to China. Burns also talks about whether or not he believes America is mortgaging our national security by potentially allowing Nvidia to sell advanced chips to China, and the impact President Trump's 50% tariffs on India are having. Nicholas Burns speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Central bank governor says August jobs report will be pivotal in setting direction of monetary policy
More than a year after a contingent of Kenyan police arrived in Haiti, the United States is proposing to replace the force with something bigger and better financed.
Dan Niles, Founder & Portfolio Manager at Niles Investment Management, says the US is at a crossroads, while Sam Altman warns of an AI bubble, an MIT study found 95% of enterprises investing in AI saw no return. He tells Romaine Bostick and Scarlet Fu on “The Close” that with the surge in AI spending, investors now need results. (Source: Bloomberg)
Also, the search for a motive in Minneapolis. Here’s the latest at the end of Thursday.
Nick Akerman, Former Assistant US Attorney, shares his thoughts on what to expect at Friday’s emergency hearing for Federal Reserve Governor Lisa Cook. Akerman also talks about Cook’s lawsuit mentioning a ‘clerical error’ behind a mortgage dispute and if this will have any effect on her case. Nick Akerman speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Prime minister’s praise of US president and decision to scrap levies on American goods fails to win deal
Stephen Yalof, Tanger President and CEO, says customer traffic is rising, especially during back-to-school. He tells Romaine Bostick and Scarlet Fu on “The Close” that shoppers want more from in-person visits, including entertainment, food, and experiences. (Source: Bloomberg)
Raj Ganguly, B Capital Co-Founder and Co-CEO, says AI is in its early days, calling it the “new electricity.” He tells Romaine Bostick and Scarlet Fu on “The Close” that he remains bullish on Nvidia and sees strong U.S. demand for GPUs to fuel the next AI boom. (Source: Bloomberg)
New levies on parcels worth less than $800 mark latest salvo in US president’s trade wars
As rising costs and political opposition hold back projects from Rhode Island to Japan, Beijing is extending its clout in yet another clean-energy industry
On today’s Big Take podcast: What Taylor Swift and Travis Kelce’s engagement tells us about rapidly growing prediction sites like Polymarket.
The California Energy Commission is set to delay the implementation of a refiner profit cap sought by Governor Gavin Newsom, according to people familiar with the plans.
Annunciation Catholic Church and School has been a neighborhood anchor in Minneapolis for more than a century.
Its defense budget might go even higher if the U.S. could ship the weapons.
Zhi Alan Cheng, who practiced at NewYork-Presbyterian Queens medical center, had a variety of illicit drugs in his apartment.
Erik Larson discusses Federal Reserve Governor Lisa Cook’s pushback on the President’s move to ousts her from office by filing a lawsuit suing President Trump, and in the lawsuit suggesting that there was a ‘clerical error’ behind the mortgage dispute. Larson also talks about what to expect Friday morning during the emergency hearing. Erik Larson speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Fannie Mae and Freddie Mac, the giant companies he regulates, apparently can’t track mortgage fraud.
He is now a global icon, but the 77-year-old’s health is deteriorating.
The three-time All-Star, who hit more than 400 home runs during his career, says he hopes to fill the seat held by Representative Chip Roy, a Republican.
In a diplomatic victory for the U.S., the U.K., France and Germany lose patience with Iran.
Good morning. Fed's Cook sues Trump to block her ouster. A Louisiana man’s tariff bill is an early sign of shocks to come for some US consumers. And mini Labubus are selling out fast. Listen to the day’s top stories.
His meticulously crafted, lifelike designs were said to have “shaped the soul of modern fly fishing.”
The assault, which killed at least 18 people, was the largest attack on the Ukrainian capital since President Trump met Vladimir Putin.
Lonnie G. Bunch III met with the president at the White House as the cultural institution faces a push by the administration to review the content of its exhibitions.
The once-scrappy US startup is now a 20-year-old giant. In its third decade, it faces the promise and peril of artificial intelligence—and the rise of a Chinese rival.
Some politicians hope the fund will take the blame for painful spending cuts. Good luck with that.
David Pan writes about how the crypto exchange Coinbase Global Inc. is at the forefront of a resurgence of Bitcoin-backed loans to crypto miners.
From a scrappy startup to a global media giant, YouTube has constantly evolved over its 20-year history. Bloomberg Originals examines the platform’s legacy and the challenges posed by AI and its biggest competitor, TikTok. (Source: Bloomberg)
Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was “unprecedented and illegal.”
A report showed the economy expanded by 3.3% in the second quarter, a faster pace than previous estimate.
Elon Musk is on the right track with suggestions of a ‘universal high income.’
Veja os três assuntos que marcaram a semana no Brasil com a repórter Beatriz Reis. Edição de Bárbara Nascimento e produção de Patrícia Xavier. (Source: Bloomberg)
Economist’s legal showdown with the president will have sweeping implications for the US central bank
The firing of the C.D.C. director is the latest in a serious of questionable decisions.
The order, which affects buildings like federal courthouses and agency headquarters, encourages classical styles rather than modernist aesthetics.
Petco Health & Wellness Co Inc. surged as much as 31% after raising its earnings targets for the year as the company’s turnaround starts showing signs of progress.
McAfee, a pioneer in antivirus software, is ridding its balance sheet of its most costly securities: preferred shares.
Center for Disease Control Director Susan Monarez has been fired by the Trump administration just weeks into her tenure over a clash with Robert F Kennedy Jr. over vaccines. Monarez, who was only recently confirmed in July, fell out with the Health and Human Services Secretary over differing opinions on vaccines, including the vaccination schedule. Bloomberg's Madison Muller joined Bloomberg Businessweek Daily with more. (Source: Bloomberg)
Students and staff members shielded the youngest children, police officers stopped victims’ bleeding, and a nurse abandoned protocol to hold a scared child’s hand.
The US said that President Donald Trump’s proclamation barring foreign students from entering the country to attend Harvard University was “grounded in national-security and program-integrity concerns,” and not to retaliate against the school.
On today's episode of Bloomberg Businessweek Daily, Katie Greifeld and Bailey Lipschultz discuss Lisa Cook filing her lawsuit against President Donald Trump over his attempt to oust her from the Federal Reserve. Bloomberg's Erik Larson and Michael McKee break down the implications of this historical filing. Also on today's show, Mandeep Singh and Ian King diagnose Nvidia's revenue forecast failing to meet high expectations, and Madison Muller talks Center for Disease Control Director Susan Monarez being fired following a clash with Robert F. Kennedy Jr. (Source: Bloomberg)
Dell Technologies Inc. boosted its annual outlook and posted quarterly sales and profit that topped analysts’ estimates, building on continued strong demand for artificial intelligence servers that power an expanding fleet of data centers.
Bloomberg's Erik Larson and Mike McKee break down what Federal Reserve governor Lisa Cook's lawsuit against the Trump administration and how the proceedings could play out as she seeks an injunction to stay in her role. (Source: Bloomberg)
Leveraged buyouts are poised for a revival, albeit less aggressively structured than in the last wave, according to Moody’s Ratings. “Ultimately everyone will need to adjust to the new environment and you will see deal flow come back,” Christina Padgett, the firm’s head of leveraged finance and private credit research, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jean-Yves Coupin in the latest episode of the Credit Edge podcast. “There’s too much capital that needs to be put
Zohran Mamdani, the Democratic candidate for mayor of New York City, has nearly four times more campaign funds than Andrew M. Cuomo, thought to be his closest rival.
Anna Ashton, founder of Ashton Analytics and an expert on China, discusses the complicated geopolitical landscape facing Nvidia as the chipmaker tries to curry favor with the Trump administration. Ashton also talks about the new sanctions levied on India and the relationship between India and China. (Source: Bloomberg)
Robert McWhirter, a civil rights lawyer and constitutional law expert, said President Trump has some authority over the National Guard in the nation’s capital but a decision to send them into other cities could end up in court. President Donald Trump has called Chicago “a mess” and threatened to tap the National Guard to tackle crime in the third-largest US city, expanding federal deployments beyond Washington, DC. His comments, though, come just as Chicago is on the rebound. Murders fell to the lowest in more than a decade, traffic at the city’s main airport hit a record in June and investment is coming back — a billionaire soccer team owner is building a $650-million stadium and a tech startup is pouring $1 billion into quantum computing in the South Side. (Source: Bloomberg)
Donald Ayer, former deputy attorney general in the George H.W. Bush administration, said the president has a pattern of bypassing or overthrowing the procedures and checks and balances built into the US system. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Former General Counsel to Federal Reserve Board of Governors Scott Alvarez, State of New York Comptroller Thomas DiNapoli and Ritholtz Wealth Management Chief Market Strategist Callie Cox. (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses Federal Reserve Governor Lisa Cook’s lawsuit against President Donald Trump. On today's show, Former US Deputy Attorney General Donald Ayer, Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino, former RNC Communications Director Lisa Camooso Miller and Ashton Analytics Founder Anna Ashton. (Source: Bloomberg)
Sands Capital Portfolio Manager Daniel Pilling says Nvidia’s growth is likely still to come from hyperscalers. He speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Selling AI chips to China is like giving a rival access to your research and development lab, says former White House Chief Information Officer Theresa Payton. Payton, the CEO of Fortalice Solutions, discusses Nvidia’s possible sales to China with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Treasury urges US banks to be vigilant to avoid being drawn into such schemes
The capsule was opened early because of a construction project. It revealed a Kylie Minogue CD, a pocket television and other ephemera from its time.
Robert E. Primus received an email from the White House terminating his position, but he said he would continue his duties.
Scientists published a study this month on the nurse shark, which was caught and photographed by sport fishermen last year.
Major non-US crypto exchanges like Binance Holdings Ltd. may have a path to being able to allow American customers on their platform, according to an advisory issued today by the Commodity Futures Trading Commission.
Officials said the Primeiro Comando da Capital drug gang was at the root of the racket
New York State Comptroller Thomas DiNapoli discusses the state's cumulative three-year budget shortfall of $34 billion with Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)
Both parties appear to be weighing gatherings that would gin up excitement for candidates in 2026 — and give a major platform for ambitious politicians hoping to lead the parties in 2028.
The U.N. Security Council voted to extend the peacekeeping mission in the volatile region for only one year then withdraw in 2027.
As the University of California at Los Angeles works to follow other schools in reaching a deal with the White House to restore federal funding, it faces a unique complication: Governor Gavin Newsom’s crusade against the Trump administration. Bloomberg's Liam Knox reports. (Source: Bloomberg)
Best Buy Co. warned that tariffs continue to weigh on its business ahead of the crucial holiday shopping season, taking the shine off a quarter in which the electronics retailer boosted sales for the first time in more than three years. Bloomberg's Lindsey Dutch reports. (Source: Bloomberg)
US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
Merger arb, Strategy mNAV, IPO pops, ANZ firings and asking Drake to buy Opendoor.
The pilot of an F-16 fighter jet was killed in Poland when his warplane crashed during rehearsal before the international air show, according to the country’s coordinator of special services Tomasz Siemoniak.
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Nvidia reports a tepid revenue forecast, but Wall Street remains bullish. Fed Governor Lisa Cook files a lawsuit challenging President Trump's attempt to fire her, kicking off a historic fight. Meanwhile, the US economy expanded in the second quarter thanks to a pickup in business investment. Raymond James CIO Larry Adam says he's expecting a five to ten percent pullback in markets over the next few months. And Winston Ma of the Global Public Investment Funds Forum says President Trump is putting together a sovereign wealth fund that draws capital from unconventional avenues. (Source: Bloomberg)
Trump is sending the National Guard into cities, claiming crime rates are too high. Can you trust the numbers? Bloomberg Opinion columnist Justin Fox explains why he still does. (Source: Bloomberg)
Podcasting’s biggest stars are expanding into merch, live events and more.
The classic film was “enhanced” using A.I. tools so that it could be an immersive experience at the Sphere in Las Vegas.
Defense burden-sharing among US allies is a cornerstone of President Donald Trump’s international agenda, but has been overshadowed by tariff discussions. On this Macro Matters edition of the FICC Focus podcast series, George Ferguson, senior aerospace/defense & airline analyst at Bloomberg Intelligence, joins host and BI chief interest-rate strategist Ira Jersey to discuss shifts in defense spending and weapon systems. They also examine how spending may shift based on proximity to threats.
Federal Reserve Governor Lisa Cook’s lawsuit against President Donald Trump portrays his attempt to fire her as a power grab that could cause “irreparable harm” to the US economy. Trump says Cook committed mortgage fraud. An emergency hearing will be held Friday morning on Cook's request for a temporary restraining order that would prevent her from being fired for now. Bloomberg's Tyler Kendall and Michael McKee have team coverage on "Balance of Power." (Source: Bloomberg)
The German pharmaceutical company is backed by private-equity firms Bain Capital and Cinven.
Consumer spending, growth in AI add to GDP revision.
Winston Ma, Global Public Investment Funds Forum Executive Director, tells Open Interest that President Trump is putting together a sovereign wealth fund by buying stakes in companies like Intel. He believes projects like Stargate may find the best partner in Trump’s sovereign fund. (Source: Bloomberg)
The US government’s energy statistics agency has delayed a key uranium report and suspended an annual solar analysis, marking some of the first impacts on industry data as Trump administration staff cuts take hold.
Soybean oil fell, extending a losing streak to a fourth day, as biofuels policy uncertainty and the approaching holiday weekend helped weigh on prices.
Mercato Partners CEO Joe Kaiser says Intel needs the government’s support from a national security standpoint in order to build refining and fab capabilities domestically. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
EQB Inc. shares fell by the most intraday since 2020 on Thursday as a slowing Canadian economy and housing market dampened the challenger bank’s earnings.
The French government has reached an agreement in principle with the European Commission to resolve a long-standing dispute that had been preventing state-owned utility Electricite de France SA from expanding its hydropower capacity.
The marchers, led by the Rev. Al Sharpton, protested President Trump’s crackdown on diversity, equity and inclusion policies. Zohran Mamdani, the Democratic candidate for mayor, made an appearance.
Scott Alvarez, former general counsel of the Federal Reserve Board of Governors and an adjunct professor of Law at Georgetown University, examines the key questions in Federal Reserve Governor Lisa Cook’s suit against President Donald Trump over his attempt to fire her for alleged mortgage fraud. Alvarez also offers insight into the legal workings of the Fed and threats to Fed independence. (Source: Bloomberg)
A report by the nonpartisan Citizens Budget Commission comes at a time when income inequality and affordability have been the most prominent themes in the race for New York City mayor.
Billionaire Taylor Swift will have no problem paying for her wedding. But you might.
Nippon Steel Corp. said it’s moving closer to its long-term goal of reaching 100 million tons of annual crude steel production capacity after its acquisition of United States Steel Corp.
The shopping habits of Generation Z and shifting seasonal patterns are sowing confusion over the state of the British consumer, experts warned after retail sales became embroiled in the crisis of confidence engulfing the country’s official data.
Factory activity in the central U.S. continued its slow rebound as demand improved, with price pressures also gaining pace as the Federal Reserve mulls a cut in interest rates.
The European Union will move to eliminate all tariffs on U.S. industrial imports and expand access for American farm products, part of an effort to shield European automakers from steeper duties on their exports to the U.S.
A contest over United Auto Workers union representation at a Kentucky EV battery plant of Ford Motor joint-venture BlueOval SK is coming come down to a handful of disputed ballots.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Nvidia’s tepid revenue forecast for the current period signals that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Tom Mackenzie explains what this means for the world’s most valuable company. (Source: Bloomberg)
For much of this parliament, now over a year old, we have experienced countless iterations of the same two types of news stories. The first relates to difficulties Keir Starmer faces in uniting Labour, as seen in the U-turns on the welfare bill or winter fuel payments, and so on – something that John Stepek slightly cheekily referred to as our “coalition government” earlier this summer.
Lawyers for the agency’s chief, Susan Monarez, insist that the impasse with Health Secretary Robert F. Kennedy Jr. can only be resolved by President Trump.
US president attempted to sack the central bank governor as he intensified his attack on the institution
Jeremy Allen White and Jeremy Strong, the stars of “Springsteen: Deliver Me From Nowhere,” and the director Scott Cooper on capturing a haunted rock icon.
Crown Prosecution Service charges 11 individuals following a probe into Ladbrokes owner
The film, from Ivy Meeropol, will play Telluride. But as distributors pull back from nonfiction titles, especially political ones, a release isn’t certain.
Commonwealth Fusion Systems raised $863 million from investors including AI giant Nvidia Corp. to help complete a demonstration system and continue development of its first commercial plant that will generate electricity by harnessing the energy of the stars.
The blue dragons, which pack a ferocious sting, have led to several beach closures. Experts say it’s a worrying sign of the warming of the Mediterranean.
With Israel’s expanded assault looming, Zeitoun already resembles other parts of Gaza that have been largely flattened in the war.
Raymond James CIO Larry Adam says he is cautious going into the end of the year and expects a consolidation in US stocks. Speaking on "Bloomberg Open Interest," Adam adds that he expects stocks to fall 5%-10% which will provide a buying opportunity. (Source: Bloomberg)
Fertilizer prices are surging, eroding American farmers’ profits and adding pressure on the Trump administration to slash tariffs on key crop nutrients.
Desjardins Group will take Guardian Capital Group Ltd. private in a C$1.7 billion ($1.2 billion) all-cash deal, bolstering the Quebec cooperative’s position in the global asset management business.
The president has dropped an “atomic bomb” on the Department of Justice.
Amtrak began operating its new high-speed train fleet on Thursday along the Northeast Corridor linking Washington, New York and Boston, a $2.35 billion project that was delayed for years. The NextGen Acela trains can hit speeds of up to 160 miles per hour, have free WiFi, power outlets and reading lights. The roll-out was originally scheduled for 2021, but was held up by testing complications, infrastructure constraints and other disruptions related to the Covid-19 pandemic. (Source: Bloomberg)
Britain, France and Germany could trigger the reimposition of harsh penalties as the 2015 nuclear deal is soon to expire with nothing to replace it. More talks will follow.
Mizuho Securities Senior Analyst Vijay Rakesh says Nvidia’s long term outlook is significantly positive and it is still the name to own in this space. (Source: Bloomberg)
Zev Garell has left JPMorgan Chase & Co. after 23 years to join Barclays Plc’s leveraged finance team, according to people familiar with the matter.
The publication says the time is right to pour all of its resources into its online news operation and get its journalism “in front of the most people.”
US stocks flipped between small gains and losses on Thursday, with Nvidia Corp. keeping broader gains in check after the world’s largest chipmaker’s data center revenue missed Wall Street estimates in the latest quarter.
Wineries, booze distributors and distilleries are turning to private credit for financing, especially as tariffs and a decline in drinking habits bring more risk to the alcohol industry.
The Mississippi Civil Rights Museum put the gun on display days after the federal government released thousands of pages of records on the Till case.
The M&A buzz is back, KBW’s benchmark rallies and some pay gets boosted 30%
The U.K, France and Germany moved to reimpose all the international sanctions on Iran that had been lifted under the 2015 nuclear deal.
The Swedish government proposed to remove a ban on uranium mining to reduce the need for imports as the country eyes a renaissance in nuclear power.
The lawsuit tees up a high-stakes court battle over the president’s authority to remove members of the central bank’s board.
Federal Reserve Governor Lisa Cook filed a lawsuit challenging President Donald Trump’s attempt to fire her over claims she lied on mortgage applications. Mike McKee reports on “Bloomberg Open Interest.”
Cosco Shipping Holdings Co. managed to increase profit in a volatile environment for freight rates and said uncertainty about tariff policies will continue to pose challenges for the industry.
Showcasing “American Progress,” John Gast’s tableau of Manifest Destiny, is of a piece with the administration’s desire for a more traditional view of American history.
Russia unleased a drone and missile attack on Kyiv killing 15 people according to local authorities. This comes after President Donald Trump met with Russia's Vladimir Putin, pushing for him to meet with Ukraine's Volodymyr Zelenskiy. No talks have been scheduled yet between the leaders. A Ukrainian delegation is coming to Washington on Friday to talk about security guarantees for the country. Orysia Lutsevych, Chatham House Russia and Eurasia Programme deputy director, speaks about it all on "The Pulse." (Source: Bloomberg)
Gita Gopinath, first deputy managing director at the International Monetary Fund, advises governments to “tread carefully” as she discusses increasing debt levels throughout the global economy. (Source: Bloomberg)
Short-maturity Treasuries fell slightly after strong US economic growth and employment data made a small dent in the market’s conviction the Federal Reserve will cut interest rates twice by year-end.
The Trump administration fired US Centers for Disease Control and Prevention Director Susan Monarez just weeks into her tenure, following a confrontation with Health and Human Services Secretary Robert F. Kennedy Jr. over vaccine policy. Bloomberg's Madison Muller reports. (Source: Bloomberg)
Abu Dhabi’s state energy company is seeking to raise up to 1.2 billion dirhams ($328 million) through a secondary share sale in its logistics arm.
More artificial intelligence isn’t always better, the chain is realizing, as it considers when and how bots should be deployed.
Michael Saylor’s once-celebrated Bitcoin experiment is mired in a market backlash, raising questions about the sustainability of the corporate-treasury model he pioneered.
The man vying to become Bolivia’s first elected right-wing president in two decades is promising to kick-start exploitation of the world’s joint-biggest lithium deposits after more than a decade of false starts.
The black market for U.S. cash may have driven as much as $312 billion in illicit money flows through financial institutions.
The US economy expanded in the second quarter at a 3.3% annualized pace, slightly faster than initially estimated, while initial jobless claims decreased by 5,000 to 229,000 in the week ended Aug. 23. Michael McKee reports on Bloomberg Television.
International Monetary Fund Deputy Managing Director Gita Gopinath warned against complacency over levels of borrowing in the global economy, saying that bond markets are “in a fragile place.”
Sibanye Stillwater Ltd.’s first-half loss narrowed as asset writedowns were partly offset by higher profits from its precious metals mines in South Africa.
The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade.
The strikes near the capital, Damascus, were the latest Israeli military intervention in the country since a new government came to power.
The family office of billionaire Leonardo Maria Del Vecchio has signed a financing deal with a unit of Credit Agricole SA to boost investment capacity.
Amtrak began operating its new high-speed train fleet on Thursday along the Northeast Corridor linking Washington, New York and Boston, a $2.35 billion project that was delayed for years.
Ineos Group Holdings SA offloaded motorcycle jacket maker Belstaff to Castore and took a stake in the Andy Murray-backed sportswear brand as part of the deal.
When shares of beleaguered Danish wind farm developer Orsted A/S plunged to a record low earlier this week, one New York hedge fund decided it was a good time to buy.
Hunting Plc plans to cut a third of its European jobs as the supplier to oil and gas industries shifts focus to the Middle East amid expectations of weaker North Sea drilling.
Staff ‘forced out’ and independence curtailed at the Nuclear Regulatory Commission
Americans are among the top producers of trash per capita. New technologies could help change how we manage and dispose of our waste.
AMEA Power, a Dubai-based renewable-energy company, and Spanish water and energy firm Cox Abg Group plan to build a seawater desalination plant in Angola that will cost more than $200 million.
Ron DeSantis is seeking to complete his project of remaking Florida into a conservative paradise with perhaps his riskiest wager yet: a campaign to largely wipe out property taxes.
“We are reinventing ourselves. We don’t want to be just a legacy orthopedic company and I think we’re driving with the same enthusiasm as Arnold Schwarzenegger,” Zimmer Biomet Chairman, President and CEO Ivan Tornos tells Bloomberg Intelligence. In this Vanguards of Health Care episode, Tornos sits down with BI analyst Matt Henriksson for an in-depth interview about Zimmer Biomet and the strategic initiatives made through internal developments and key acquisitions, including Paragon 28 and Monog
Databases are shifting from passive engines to reasoning tools for artificial intelligence, according to Google Cloud’s Yasmeen Ahmad. She joined Bloomberg Intelligence senior technology analyst Mandeep Singh to discuss how AI agents are reshaping the market, citing production use cases involving retrieval-augmented generation and tokenization. Ahmad pointed to rising demand for databases and said Google’s infrastructure — including its in-house chips and large language models — gives the compan
Most European Central Bank officials deemed risks to inflation to be “broadly balanced,” with their outlook for consumer prices remaining in place, according to an account of their July meeting.
Brazil’s Federal Police launched sweeping operations to crack down on organized crime in the country’s fuel supply chain, exposing illicit transactions totaling more than 23 billion reais ($4.2 billion).
Telecom Italia SpA shares plunged the most in almost a year and a half after French rival Iliad SA said it won’t pursue a tie up with the Italian phone carrier.
Bath & Body Works Inc.’s profit missed expectations for the first time since 2020, underscoring the turnaround challenge for its new chief executive officer.
Storage sites are on track to be 80% full in September, helped by rule changes and China’s pullback.
Rio Tinto Group, one of the world’s largest aluminum producers, runs a refinery and five smelters in Canada’s Quebec province, with most of the metal flowing south to the US market.
Temasek Holdings Pte will re-arrange its S$434 billion ($338 billion) portfolio from April 1, as part of a major overhaul aimed at sharpening the Singapore state-owned investor’s focus.
Good morning. Traders shrug at lackluster Nvidia forecast. Corporate America is on a buyback binge. And coffee drinkers will soon shell out even more for their morning cup. Listen to the day’s top stories.
Dan Ives, senor equity analyst and global head of tech research at Wedbush Securities, discusses Nvidia’s second-quarter results, the company’s strong global growth outside of China, and why he sees the chipmaker reaching a $5 trillion market cap “either by year end, or early 26.” (Source: Bloomberg)
We have the latest on the attack on Annunciation Catholic Church.
Like it or not, the belief that mass immigration has gone too far is now mainstream
US rate cuts may add extra fuel to the rally in some of the riskiest shares.
Victoria’s Secret & Co. raised its outlook after strong quarterly sales signaled new Chief Executive Officer Hillary Super’s turnaround plan is taking hold.
Find insight on HD Hyundai Heavy Industries, Qantas and more in the latest Market Talks covering auto and transport sector.
The hourslong ground operation overnight was backed by airstrikes, according to Syrian state media. Israeli forces have rarely ventured so far into Syria since the fall of Assad.
Katrina Dudley, senior investment strategist at Franklin Templeton, discusses improving breadth in US equities. (Source: Bloomberg)
Katrina Dudley, Franklin Templeton Senior Investment Strategist, breaks down the current momentum in the S&P 500, and how small- and mid-cap companies are keeping pace with, or outright outperforming, the Mag-7 stocks. She joins Bloomberg’s Dani Burger on “Bloomberg Brief.” (Source: Bloomberg)
Find insight on Lynas, South32, Hochschild Mining and more in the latest Market Talks covering basic materials.
Billionaire Rakesh Gangwal’s latest attempt to pare his stake in IndiGo faced a surprise on Thursday, as the size of his share sale was reduced — a rare move for the Indian carrier, whose stock ranks among the world’s most valuable airlines.
Whether it’s FOMO, economic optimism, or simply too much cash chasing too few securities, right now bond investors are accepting the smallest compensation in years in return for taking default risk.
Owner occupiers faced lowest rise in costs following cuts to mortgage rates over past year
President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief economics correspondent explains.
Remnants of a 2,000-year-old sunken city, Canopus, were lifted from waters off Alexandria, Egypt, revealing the city might have been larger than thought.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
People across the United States have endured rushed or premature attempts to remove their organs. Some were gasping, crying or showing other signs of life.
Emerging-market stocks fell for a third day as China’s food delivery leader Meituan issued a profit warning and Nvidia Corp.’s results raised questions about the outlook for tech growth.
Plus, robots for rent.
Plan to take equity stake in chipmaker seen as signal of stronger backing for company as a national chip champion
Nvidia, the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia’s business. Today's guests: John Bilton, JPMorgan Asset Management Head of Global Multi-Asset Strategy, Adrian Cox, Deutsche Bank Research Thematic Strategist, Orysia Lutsevych, Chatham House Deputy Director of the Russia and Eurasia Programme (Source: Bloomberg)
The strike on the Ukrainian capital involved more than 600 missiles and attack drones, and killed at least 14 people, including children.
Harmony Gold Mining Co. shares dropped after the largest producer of South African gold warned of rising costs, even as record bullion prices pushed up profit.
Sale could raise billions of dollars and end Japanese company’s global ambitions as AI disrupts industry
Mota-Engil SGPS SA says Africa will remain the main growth driver for Portugal’s biggest construction company over the coming years on the back of large infrastructure projects in energy-producing countries.
Alken Asset Management Founder Nicolas Walewski says EU small caps have had robust earning growth and are trading at a significant discount. "We have strong resilience because only 11-12% of revenues on small caps are exposed to the US, compared to around 24% for large caps," Walewski said. He spoke on "The Opening Trade" on Bloomberg TV on August 25. (Source: Bloomberg)
U.S. and European military officials are increasingly concerned about the flights, even as Russian acts of sabotage have declined.
It’s been a tough few years for small-capitalization stocks.
Confidence in the eurozone’s economic outlook fell back as sluggish growth weighed on sentiment, with little hope of a major rebound ahead.
Worn down by hundreds of days of military service, fewer Israeli reservists are turning up for duty. Others are refusing to fight in a war they no longer believe in.
Nvidia, the world's most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. Bloomberg Technology host joins Stephen Carroll and Lizzy Burden to discuss. (Source: Bloomberg)
France will meet its budget deficit target of 5.4% for this year, Finance Minister Eric Lombard said on Thursday.
Children who survive school shootings deal with a host of complex feelings, ranging from anxiety and grief to guilt and shame.
After President Trump accused a Federal Reserve governor of mortgage fraud, everyday citizens are waking up to just how much information is out there.
At the U.S. Open, players’ dogs are a key part of the entourage, and they have the run of the place.
The president’s steep tariffs and erratic moves have turned manufacturing abroad into a minefield, even for entrepreneurs who set up in countries viewed as safe alternatives to China.
Organ donation groups accused of safety lapses are facing multiple investigations, and new policies are underway to protect patients.
Trump’s meddling in our most important economic institutions is so extreme that at times it resembles China’s state-directed capitalism.
A Trump appointee has proposed rewriting a measure that requires companies to clean up “forever chemicals,” documents show. The new version would shift costs from polluters.
The artwork had been missing for 80 years before Dutch journalists spotted it in a real estate listing in Argentina.
Trump’s budget law effectively undoes much of the good that the Affordable Care Act did in reducing opioid deaths.
Tucked among exclusive real estate, a family’s 18-foot-wide strip of land is not just an oceanside parking spot. It’s their legacy.
A pilot program in six states will use a tactic employed by private insurers that has been heavily criticized for delaying and denying medical care.
Physicians are using the technology for diagnoses and more — but may be losing skills in the process.
The theme-park operator, like so many other companies, is abandoning America’s middle class.
Analysts are staying bullish on Nvidia Corp., boosting price targets even as the world’s most valuable company offered a forecast that underwhelmed investors.
Strong AI chip sales came up a bit short for the market’s only $4 trillion company.
UK prime minister’s top official will leave next month, with further changes mooted
The US trade war has supercharged a trading boom between Africa and China that was years in the making, spearheaded by President Xi Jinping’s Belt and Road Initiative unveiled in 2013. Bloomberg's Ondiro Oganga reports from Kigali. (Source: Bloomberg)
Global logistics firm GLP Pte.’s dollar perpetual bonds surged by the most in over two years after it secured a $1.5 billion investment from the Abu Dhabi Investment Authority.
The party will struggle to do internally controversial things because many of its MPs think they will last one term
China has booked at least three shipments of Australian canola, potentially ending a years-long freeze as the Asian nation seeks to diversify its sources following a trade fallout with major supplier Canada.
Paul Dobson, Anna Edwards, Guy Johnson and Kriti Gupta break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Nvidia earnings match forecasts, but blockbuster sales growth decelerates after two years of booming AI spending. Shares in the world's most valuable company slide after hours. Bloomberg learns Mexico plans to raise tariffs on Chinese imports after months of pressure from President Trump. Plus, North Korean state news reports leader Kim Jong Un will visit China next week to participate in China’s Victory Day celebrations. Today's guest: Marija Veitmane, Head of Equity Research at State Street Global Markets. (Source: Bloomberg)
Chinese e-commerce firm JD.com Inc. is in talks with banks to raise a euro-denominated loan to help fund its proposed acquisition of German electronics retailer Ceconomy, according to people familiar with the matter.
The meeting will provide powerful optics as Beijing asserts itself as a leader of countries seeking to upend the U.S.-led international order.
Investors in mainland China sold a record HK$20.4 billion ($2.6 billion) worth of Hong Kong-listed stocks on Thursday, a sign the country’s army of investors are returning to their local market amid a breakneck rally.
Results are due from retailers Dollar General and Best Buy this morning
The autonomy of the Federal Reserve is being tested for the first time in decades, leading to “significant” risks for markets and the economy, according to European Central Bank Governing Council member Olli Rehn.
The former Prime Minister on the politics of spending.
These days, everyone is talking about high interest rates across the rich, developed world, while warning of eventual fiscal disaster. But we may have gotten an early glimpse of this anxiety in October 2022, when then-UK Prime Minister Liz Truss unveiled her mini-budget that spooked the gilt market. Well today, rates at the long end of the British yield curve are even higher. So what’s going on? Why all this angst now about UK fiscal sustainability and the economy itself? In this episode, we spe
UBS Wealth Management's Claudia Panseri shares her views on Nvidia earnings. "The AI story is still intact," she tells Bloomberg Television, adding that "the growth is changing but you can't have two years in a row with growth improving." Panseri also discusses her outlook for US and European equity markets. (Source: Bloomberg)
Australian bank ANZ apologises and offers counselling to more than 100 staff
Crude measures do not capture what happens in the more distant future, which matters greatly to the company’s worth
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
European stocks edged lower as investors assessed a busy slate of earnings and the latest political developments in France.
The Philippine central bank lowered its policy rate for a third consecutive time to bolster the economy, as low inflation provides room to keep supporting growth.
The risk of another failed government in France is already priced in by markets and won’t be enough to derail the best year for European equities relative to US stocks in almost two decades, according to top Wall Street strategists.
The first bond designed to bankroll Europe’s defense spending is being offered by a French bank on Thursday, aiming to tap fervent investor interest in the sector.
Trials and hearings have been delayed since a federal judge ruled that Alina Habba was serving unlawfully as U.S. attorney. The uncertainty may last for months.
Sotheby’s will launch its first auction series in Abu Dhabi this December as the emirate steps up its bid to become a global destination for art and luxury.
States’ fiscal reforms and the center’s financial flexibility are in the spotlight this August
Gold was steady after a two-day gain on concern over the independence of the Federal Reserve and inflation risks in the US. Meanwhile, oil fell as traders looked past US efforts to force India to quit buying Russian crude. Marcus Garvey, Head of Commodities Strategy at Macquarie spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
Zelenskyy calls for fresh sanctions on Moscow after worst attack on Kyiv in weeks
The Philippines eased monetary policy for the third consecutive meeting this year, bringing the key interest rate to its lowest in nearly three years as inflation remained well below target.
Drax Group Plc is facing a probe by the UK’s Financial Conduct Authority into statements the clean energy producer made about its biomass sourcing.
The Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of US President Donald Trump. Bloomberg's Jill Disis reports. (Source: Bloomberg)
A tanker with a shipment of liquefied natural gas from a US-sanctioned export facility in Russia has docked at a Chinese terminal for the first time, the latest move by Moscow to expand fuel deliveries into Asia.
Egypt's central bank is widely expected to resume its monetary-easing cycle after a pause last month. The North African country has been on a mission to tamp down inflation that surged to a record 38% in September 2023 as it tries to revamp its economy after securing a bailout last year. Aathira Prasad, Macroeconomics Director at Nasser Saidi & Associates spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche ahead of the rate decision. (Source: Bloomberg)
Probe follows allegations made by former top lobbyist
Egypt is poised to cut interest rates again, buoyed by slowing inflation and the prospect of easing by the US Federal Reserve next month.
French Prime Minister Francois Bayrou said he will negotiate directly with lawmakers next week and warned against new elections as he battles to stop parliament from forcing him to resign. Bayrou’s surprise decision to hold a confidence vote on Sept. 8 has pushed France back to the brink of political paralysis, risking financial and economic upheaval. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
India’s regulator is mulling getting shadow lenders to cut down business activities of subsidiaries that clash with that of the parent, in line with rules already proposed for banks, said people with knowledge of the matter.
A dovish Federal Reserve is an unmitigated positive for emerging markets, according to Alan Siow, Ninety One's co-head of Emerging Markets Corporate Debt. Siow says any dollar weakness is bullish for emerging markets, while many EM risk assets benefit from Fed easing. He adds that the manner in which developing economies have navigated the current geopolitical environment "sets us up for good period" for emerging markets. Siow spoke to Bloomberg's Joumanna Bercetche on "The Pulse". (Source: Bloomberg)
Pernod Ricard SA expects sales to decline in the beginning of its next financial year, as it continues to grapple with trade friction in China and the US.
The strikes on Ukraine’s capital early Thursday injured at least 22 people and left others trapped under rubble, officials said.
Good morning. Nvidia’s sales surge, but forecasts point to a slowdown. Moldova gets a helping hand. And American Eagle turns to Travis Kelce in a well-timed partnership. Listen to the day’s top stories.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Hong Kong property tycoon Albert Yeung is selling a wine collection valued at more than HK$10 million ($1.3 million) in a public auction.
Rachel You, CFO of Hong Kong-listed Innovent Biologics, says its obesity drug mazdutide delivered "very strong" results within two months of launch. She shares insights on "Bloomberg: The China Show" after the company’s first-half earnings. (Source: Bloomberg)
Steelmakers in China, the world’s largest producer, have seen an uptick in their fortunes as the government moves to tackle oversupply and exports of the alloy hold up despite a wave of trade curbs.
Sir Tony Blair joined US President Donald Trump in a White House meeting to discuss plans for the future of Gaza, according to reports.
He will get a chance to meet the leaders of China and Russia, North Korea’s two most important allies, at a time he is being wooed by Washington and Seoul.
The South Korean won strengthened after Bank of Korea Governor Rhee Chang-yong defended its foreign exchange interventions as efforts to stem the currency’s decline and said the won is part of talks with the US government.
Toyota Motor Corp. manufactured and sold a record number of cars in July, stretching the carmaker’s streak to a seventh consecutive month, on strong demand in the US and China despite global trade uncertainties.
And France is going back to the barricades — after Bayrou, the IMF?
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Henry Zhang, President and Managing Partner at Hermitage Capital, tells "Bloomberg: The China" Show that global funds are flowing back into China amid a strong stock rally. He believes this is just the start of a bull run, with valuations still looking attractive. (Source: Bloomberg)
In Salzburg, an anniversary of “The Sound of Music” looks grand through a child’s eyes, even if the locals are gazing elsewhere.
Controversy around group’s logo change highlights America’s fickle political culture
Soldiers deployed to the Donbas ‘don’t believe’ they could be ordered to pull back
Everyone hates being ambushed by a hidden fee, but few of us are savvy enough to avoid paying too much
Executives who had warmed up to Sir Keir Starmer’s party now feel cold-shouldered
NatWest and Lloyds among lenders exposed as ‘altnets’ buckle under strain of rising costs and fierce fibre competition
Reinsurer says private capital’s push into tools such as ‘cat bonds’ risks increases volatility for the sector
The shift from a manufacturing model to a digital one is proving difficult and expensive for many of the industry’s traditional companies
Women coming into large estates have to deal with emotional loss and financial complexity — often with limited preparation
Stada Arzneimittel AG is in a better position for an initial public offering this fall, the German drugmaker’s chief executive said, boosting prospects for Europe’s market after delaying plans earlier this year.
Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on fully electric and hybrid models.
Nigerian companies are increasingly opting to issue short-term debt rather than longer-term notes to avoid locking in high borrowing costs.
The media tycoon, jailed since 2020, ran a now-defunct newspaper that was critical of the government.
Bank of China (Hong Kong) posted a job ad early this year for a precious metals trader fluent in English and Mandarin with at least five years experience to work on its gold desk in the city.
As the outspoken Hong Kong publisher awaits a verdict, his trial has become a test of China’s resolve to crush dissent, and of whether President Trump can free him.
Japan’s two-year government bond auction Thursday met demand that was weaker than the 12-month average, as investors remain wary of the risk that the Bank of Japan will raise interest rates this year.
Chery Automobile Co. is planning a Hong Kong initial public offering that may raise about $1.5 billion as early as next month, according to people familiar with the matter, adding to what’s shaping up to be a busy September for new listings in the financial hub.
This week on the Bloomberg Australia Podcast: Rebecca Jones speaks to wealth editor Adam Haigh about the outlook for the local wealth management space
Mitsubishi Corp. announced that Warren Buffet’s Berkshire Hathaway Inc.’s stake in the Japanese trading house had increased to more than 10% as of Thursday.
In this week’s Hong Kong Edition, we take a look at the changing restaurant landscape up on Victoria Peak — so long, Burger King — and speak with a local piano prodigy. For the Review, we find a vegan dim sum spot where even self-proclaimed carnivores won’t miss the meat.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Even as UAVs flood the Ukrainian battlefield, the howitzer’s simplicity and firepower plays a key role.
A group of some of the world’s largest banks launched a cash tender offer to buy a slate of Colombian sovereign bonds, part of a hedging strategy tied to anticipated swap transactions.
CDC director Susan Monarez’s lawyers earlier said she had not been notified by the administration of her removal
Some ANZ Group Holdings Ltd. staffers were inadvertently told they were being made redundant after receiving an automated email asking them to return company computers, the Australian Financial Review reported.
Bank of Japan Board Member Junko Nakagawa reaffirmed the bank’s standing commitment to continue lifting its benchmark interest rate if conditions allow while also citing uncertainties related to trade, in a nuanced speech that avoided stoking market expectations for another hike.
Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in AI spending. During the earnings call, CEO Jensen Huang said China could represent a $50 billion opportunity for Nvidia this year. Caroline Hyde reports on the numbers. (Source: Bloomberg)
The father of Altantuya Shaariibuu, who was murdered in 2006 by two bodyguards of the detail for officials including former Malaysian premier Najib Razak, has petitioned the courts to order a further investigation into her death.
North Korean leader Kim Jong Un will visit China for the military parade on Sept. 3, a rare trip that would place him alongside other world leaders attending, including Russian President Vladimir Putin.
China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s $1 trillion market rally.
Record borrowing by Indian states is weighing on the local bond market, pushing up funding costs for companies and the federal government.
Singapore’s CapitaLand Investment Ltd. received the green light from China to list malls in the country’s public real estate investment trust market, the first foreign investor to tap such fundraising.
Thai Airways International Pcl may delay its flight and route expansion plans because the nation’s flag carrier has been unable to acquire enough additional passenger jets.
Health Secretary Robert F. Kennedy Jr. is said to have demanded that the director, Susan Monarez, either quit or be fired. Her lawyers say she won’t resign.
South Korea’s central bank held interest rates steady for a second straight meeting, reflecting caution over financial-stability risks.
Gold was steady after a two-day gain on concern over the independence of the Federal Reserve and inflation risks in the US.
Western efforts to create a rival supply chain and break Beijing’s dominance will come up against challenges of cost and scale
Britain’s post-Brexit visa program, meant to attract lower numbers of skilled workers, soon backfired. The debacle drew populist Nigel Farage back into politics.
The operator of Starbucks in Malaysia saw its net loss plunge to a record low as customers shunned the iconic American coffee brand as a form of protest against the Gaza conflict.
DEK BCA Research Inc. Chief Strategist Doug Peta believes the "buy the dip" mentality" is still prevalent among traders investing in tech stocks. Peta speaks after Nvidia Corp., the world’s most valuable company, gave a tepid revenue forecast for the current period. (Source: Bloomberg)
China’s state oil majors are racing to keep up with the nation’s breakneck energy transition, shifting operations from loss-making gasoline and diesel to alternative fuels and high-end chemicals.
The US, Japan and South Korea pledged to intensify efforts to block North Korea’s use of overseas IT workers to raise money for its weapons programs, warning that Pyongyang’s operatives are using increasingly sophisticated tactics to evade detection.
Post Advisory Group has reached a deal with Nexus Capital Management and a Temasek Holdings Pte. subsidiary that will reshape the ownership structure of the credit manager but keep day-to-day operations unchanged.
The Chinese yuan’s limited offshore supply is posing operational challenges for United Overseas Bank Ltd., as more regional economies conduct trades and payments in the currency, according to an executive at the Singapore bank.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ty Cobb, former Special Counsel to President Trump during the first administration, shares his thoughts on Federal Reserve Governor Lisa Cook possibly asking for an injunction and what to expect. Peter Navarro, White House senior counselor for trade and manufacturing, comments on President Donald Trump's efforts to fire Federal Reserve Governor Lisa Cook and the 50% tariff on Indian goods. Barbara Leaf, Former Assistant Secretary of State for Near Eastern Affairs, discusses the latest developments regarding the ongoing war between Israel and Hamas. (Source: Bloomberg)
Employee activism has put some tech workers at odds with their bosses and tested internal policies at Microsoft and Google.
Steak ‘n Shake, which is owned by activist investor Sardar Biglari, has gone after Cracker Barrel on social media in the group’s latest run in with the family-dining chain.
Anyone concerned about Trump undermining Fed independence was surely already concerned.
Thousands of workers are set to rally in Jakarta and 38 other provinces on Thursday to demand higher wages and lower taxes, marking a second major street protest this week that signals growing discontent with President Prabowo Subianto’s administration less than a year into his term.
Point72 Asset Management has hired JPMorgan Chase & Co.’s Shinji Ogawa as its new head of Japan, as competition for talent heats up in the booming market.
The shooter who attacked a Catholic school on Wednesday posted social media videos and writings that betrayed a litany of grievances and obsessions.
Argentine president uninjured in attack blamed on Peronist opponents after first comments on corruption allegations
Oil edged lower as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone.
The standards prohibit processed meat and limit the use of artificial sweeteners in meals served by nearly a dozen city agencies, including the Department of Education.
Lynas Rare Earths Ltd., the first commercial producer of so-called “heavy” rare earths outside China, is seeking to raise A$750 million ($488 million) in equity capital.
E3 countries are expected to trigger process contained in 2015 nuclear accord as hopes fade of a diplomatic breakthrough
Good morning everyone, it’s Ben here in a soggy Melbourne, here’s what’s making news today.Today’s must-reads:• Qantas earnings jump• Australian companies hammered after earnings misses• Nvidia’s revenue forecast fuels AI slowdown fears
After a selloff slammed Japanese bonds late last year, Brendan Murphy spotted a trade that looked too good to pass up.
Nvidia CEO Jensen Huang and CFO Colette Kress comment on the company’s forecast for the current period and prospects in China. Nvidia said sales will be roughly $54 billion in the fiscal third quarter. Some analysts had projected more than $60 billion.
Qantas Airways Ltd. reported a 15% jump in full-year earnings and ordered more Airbus SE jets as demand for flights shows little sign of faltering.
Mineral Resources Ltd. swung to a full-year net loss, with the diversified Australian miner hit by weakness in global lithium markets.
The full weight of a 50 percent tariff on Indian goods took effect this week, undercutting one of the country’s most promising markets for solar exports.
The shooting of children at a Roman Catholic church came after a string of violent confrontations, going back to George Floyd, that has left the Twin Cities reeling.
Ty Cobb, former Federal Prosecutor and former Special Counsel to President Trump during the first administration, shares his thoughts on Federal Reserve Governor Lisa Cook possibly asking for an injunction and what to expect. He also talks about whether or not this legal case may go to the US Supreme Court and how the court may rule. Ty Cobb speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
The president is signaling a tough-on-crime message for the midterms next year.
She went from fashion shoots to becoming a familiar server at that venerable Manhattan saloon for some 45 years. She dated two of her more famous customers, Tony Bennett and Frank Sinatra.
US equity index futures slipped early Thursday after Nvidia Corp.’s revenue outlook fell short of lofty expectations for the world’s most valuable listed company, weighing on sentiment.
The market is pricing in a Bank Negara Malaysia interest-rate cut in coming months while economists expect a hold, presenting a potential opportunity for a carry trade.
Canada’s state-owned Trans Mountain Corp. is gearing up for more growth on its recently expanded pipeline system by inviting oil shippers to sign up for more capacity.
It is not clear what country intercepted Mr. Bolton’s private emails, but the investigation into President Trump’s former national security adviser picked up momentum under the Biden administration.
The discount retailer raised its full-year outlook after sales soared in the second quarter thanks to rising demand for low-cost goods.
Investigators were still searching for a motive in the shooting, which left two children dead at Annunciation Catholic Church in Minneapolis.
Barbara Leaf, former Assistant Secretary of State for Near Eastern Affairs, discusses the latest developments regarding the ongoing war between Israel and Hamas. She speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
The season for strong storms came late. This week, it has led to travel delays, a snarled start to Burning Man and a recharged waterfall in Yosemite.
Also, the C.D.C. director leaves. Here’s the latest at the end of Wednesday.
Air New Zealand posted a 15% drop in full-year earnings as engine maintenance issues hurt revenue, and indicated there is no immediate relief in sight.
Japan’s auction of two-year government bonds on Thursday will be in focus as investors see an increasing chance of a near-term interest rate hike by the central bank.
The Philippine central bank is widely expected to continue its monetary easing cycle on Thursday to support the economy from US tariff risks as inflation remained benign.
Peter Navarro, White House senior counselor for trade and manufacturing, comments on President Donald Trump's efforts to fire Federal Reserve Governor Lisa Cook for alleged mortgage fraud and the 50% tariff on Indian goods to punish the country for buying Russian oil. Speaking with Joe Mathieu on "Balance of Power," Navarro also says John Bolton is a threat to national security. (Source: Bloomberg)
Lindsey Bell, Chief Investment Strategist at 248 Ventures, says Jensen Huang will need to address Nvidia’s new offerings to China on the next earnings call. She tells Romaine Bostick and Caroline Hyde on “The Close” that the year ahead will be about the AI boom, innovation, and continued growth. Bell adds Huang does “such a good job of walking the line,” reassuring investors he’s working with both the U.S. and Chinese governments for the best outcome. (Source: Bloomberg)
Terrorism, this time in Australia, targeting a synagogue and a kosher deli.
Wanda Vázquez had initially been accused of taking bribes to influence a regulatory appointment. A controversial plea deal resulted in a lesser charge.
The meeting focused on the postwar future of the Gaza Strip, where Mr. Trump has mused about removing Palestinian residents and setting up a luxury resort.
Chiefs fans have been cheering on their star football player’s romance with the pop star for two years. They have the T-shirts, earrings and baked goods to prove it.
The agency is back to its old rote review of experimental drugs for rare diseases.
Green Plains Inc. said it agreed to divest one of its plants to repay debt owned by BlackRock Inc. funds, as the troubled biofuels maker concluded a strategic review that explored alternatives including a sale.
Good morning. Nvidia’s forecast signals slowdown. China’s campaign to ease the auto price war falls short. And Lego builds up its presence in Asia. Listen to the day’s top stories.
China’s consumers are a powerful force – the world’s second-biggest spenders after the US. Officials want to harness this to transform the nation into a “mega-sized consumer powerhouse,” and there are some initial signs of success with increased spending on home appliances, toys and jewelry.
Miso Robotics CEO Rich Hull says robotics can help companies like Nvidia innovate and drive additional revenue from AI on "Bloomberg The Close." (Source: Bloomberg)
A trade agreement would be good for both countries, but concessions on agriculture could end Modi’s career.
Bloomberg's Mandeep Singh, Sarah Frier and Jay Goldberg, senior analyst at Seaport Research Partners, react as Nvidia reports lackluster earnings. The chipmaker's overall revenue came in slightly higher than estimates, but data center revenue was short and the numbers excluded sales in China. Nvidia also reported it approved an additional $60 billion in share buyback. (Source: Bloomberg)
“An attack on one of us is an attack on all of us,” said Mayor Justin Bibb of Cleveland, who led a private strategy call on Wednesday.
The director’s comments come as European powers prepare to reimpose international sanctions on Iran.
The SEC may close a regulatory loophole. It should keep Chinese firms off U.S. exchanges entirely.
The U.S. president is putting pressure on other countries to burn more fossil fuels and retreat from clean energy.
Consumers already shelling out more for their morning cups of coffee can’t catch a break, as tariffs fuel price hikes and put futures markets on track for the biggest monthly gain in over a decade.
His considerable influence in the French-speaking world was based on an unusual attribute: He had actually been to the revolutions he wrote about.
McGraw Hill CEO and Chairman Simon Allen explains how the federal government's decision to cut back funding on education will impact his business with Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)
A powerful Thai court will decide the fate of yet another prime minister on Friday, potentially forcing out the fifth elected leader since 2008 and deepening the country’s political drift.
Matt Bryson, Wedbush Securities Equity Research managing director, reacts to Nvidia’s tepid revenue forecast for the current period on “Bloomberg The Close.” Nvidia said sales will be roughly $54 billion in the fiscal third quarter. Some analysts had projected more than $60 billion.
Bloomberg’s Hannah Miller discusses how the media is already seeing benefits from Taylor Swift and Travis Kelce’s engagement. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
The family of a teenager who died by suicide is suing OpenAI. Camille Carlton, Policy Director at the Center for Humane Technology, discusses the case and broader industry questions about chatbot development with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
As President Donald Trump attempts to oust Lisa Cook from the Federal Reserve Board of Governors, Former Senior Adviser to Federal Reserve Bank of San Francisco Tim Mahedy believes he also wants to remove the rest of the Fed Presidents with people that share his views on the economy. He speaks with Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)
The chipmaker, now the most valuable public company in the world, said strong demand for its chips should continue this quarter.
The request is another possible path for the Salvadoran man, who has already been deported and returned by the Trump administration, to remain in the country.
Nvidia's lackluster forecast for the current period causes concern on Wall Street. Sales will be roughly $54 billion in the fiscal third quarter, which is in line with the average Wall Street estimate, but some analysts had projected more than $60 billion. Bloomberg's Romaine Bostick and Caroline Hyde break down the report. (Source: Bloomberg)
Omdia Research Director Vladimir Galabov says he is factoring China sales into his Nvidia forecast, but he would like CEO Jensen Huang to offer a long-term outlook for the company. Galabov joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Wall Street expected Nvidia, the world’s most-valuable company, to deliver record results after Wednesday’s close.
SpaceX successfully launched its tenth test flight of the Starship rocket carrying and deploying Starlink satellites for the first time. Bloomberg Space Reporter Loren Grush discusses why the flight is a major milestone for Elon Musk’s future plans with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Caroline Hyde, Tim Stenovec and Isabelle Lee (Source: Bloomberg)
Surging demand for powerful AI models drove second-quarter results.
US chip designer has become world’s most valuable company off the back of the artificial intelligence boom
Nvidia’s lead over the competition makes it difficult for investors to hedge against it, according to Fiona Cincotta, senior analyst at City Index Financial Markets. Cincotta speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Five Below Inc. shares gained after the low-cost retailer raised its fiscal year estimates on demand for budget-friendly trendy goods in a shaky economy.
Snowflake Inc. gave a sales outlook for the fiscal year that topped analysts’ estimates, overcoming anxiety that software vendors will be hurt as the economy slows and new artificial intelligence companies take away business. The shares jumped in extended trading.
Wall Street is awaiting results from Nvidia, the world's most valuable company. Meanwhile, President Trump imposes a crushing 50% tariff on Indian goods. We talk to jewelry retailer CEO Ankur Daga about how those tariffs will hit the diamond business. And retailers are tapping star power to help fuel sales. American Eagle Outfiters nabs Travis Kelce as its newest face. (Source: Bloomberg)
Citigroup Inc.’s strategists recommended adding to bets that longer-term US bonds will underperform and the dollar will decline due to the risk that President Donald Trump will undermine the Federal Reserve’s political independence.
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
The company that owns the Phoenix Suns NBA team is being sued by minority investors to obtain records that could substantiate potential mismanagement that might have harmed them financially.
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Isabelle Lee discuss a historic legal fight brewing as President Trump looks to fire Federal Reserve Governor Lisa Cook. Yale Budget Lab Co-Founder & President Natasha Sarin digs in on the ramifications of such an unprecedented show down. Also on today's show, Bloomberg's Caroline Hyde and Kunjan Sobhani preview Nvidia's upcoming earnings report, Telsey Advisory Group Chief Executive Officer Dana Telsey examines the health of the US consumer, and Myles Miller provides updates on the shooting in Minneapolis. (Source: Bloomberg)
HP Inc. gave a profit outlook for the current quarter that may beat expectations, showing firming demand for computers and interest in new machines that can run the latest AI software.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Todays' guests: Access/Macro Founder, Chief Economist Tim Mahedy and McGraw Hill CEO Chairman Simon Allen. (Source: Bloomberg)
Natasha Sarin, co-founder and President of the Yale Budget Lab, discusses the potential fallout of President Trump's pressure on the Federal Reserve, including his move to oust Fed governor Lisa Cook. Sarin also weighs in on the future of the US labor market as it contends with AI and falling birthrates. (Source: Bloomberg)
Democratic Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission on Sept. 3, bringing the agency under the sole leadership of Acting Chairman Caroline Pham. Bloomberg's Lydia Beyoud reports. (Source: Bloomberg)
Taylor Swift and Travis Kelce's engagement announcement ignited a wave of activity on prediction markets like Kalshi and Polymarket, where traders are putting real money on what comes next for the couple. Francesca Maglione explains. (Source: Bloomberg)
Dana Telsey, CEO and chief research officer of Telsey Advisory Group, breaks down what she's seeing from US consumers as shoppers look for back-to-school deals and contend with the impact of tariffs on prices. Key retailers like Kohls and Abercrombie & Fitch are set to report earnings Wednesday afternoon. (Source: Bloomberg)
Howard Marks is right. This bull market just might have legs. Big tech continues to spend on artificial intelligence and interest rates are expected to go down. As long as the economy weathers the tariff transition, 2025 could prove more akin to 1997 — a few years before the dot com tech bubble burst -- than 1999. Here's how.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses President Donald Trump slapping India with 50% tariffs. On today's show, Advancing American Freedom Senior Fellow Joel Griffith, Economic Times of India Columnist Seema Sirohi, US Treasury Secretary Counselor Joseph Lavorgna, Greenwich Media Strategies Founder and CEO Hagar Chemali. (Source: Bloomberg)
Sure, one couple stole the spotlight on Tuesday. But other couples who also got engaged had their own news to share — though some were more thrilled by the frenzy than others.
Seema Sirohi, author of 'Friends with Benefits: the US-India Story,' breaks down the impact of President Trump's decision to place a 50% tariff on India for continuing to buy Russian oil. She discusses what the it means for the US-India relationship, as well as India's place in the region -- including its growing ties with Russia and China. (Source: Bloomberg)
Twenty One Capital CEO and Co-Founder Jack Mallers discusses adding bitcoin ahead of listing plans, going public in 3Q and argues that Bitcoin is the best way to store wealth into the future. He speaks with Tim Stenovec on 'Bloomberg Crypto.' (Source: Bloomberg)
Private equity firm GTCR is in talks with direct lenders including KKR & Co. to drum up financing to support a bid to acquire generic drugmaker Zentiva, according to people with knowledge of the matter.
The journalist Radley Balko explains the mechanisms Trump is using to create a personal army.
Some tiny biotech companies are pursuing a new cure-all: Cryptocurrencies, with at least 10 biotechs announcing a pivot into digital assets in 2025. Bloomberg's Monique Mulima has more on the story. (Source: Bloomberg)
She won three Grand Slam singles championships, including one at Wimbledon, in a career that earned her election to the International Tennis Hall of Fame.
Sir Ed Davey accuses US president of being complicit in the humanitarian crisis in the Palestinian enclave
French Prime Minister Francois Bayrou will meet with opposition parties starting Monday as he struggles to avoid losing a confidence vote early next month.
Bloomberg reported that Galaxy Digital, Multicoin Capital and Jump Crypto are all in talks with potential backers in raising roughly $1 billion to acquire Solana. OpenWorld Co-Founder Chief Legal Officer Stephan Dalal has more on the story. (Source: Bloomberg)
Minneapolis police say a gunman opened fire at Catholic church holding Mass for elementary school children. Police say the man, armed with a rifle, shotgun and a pistol, killed two children and hurt 17 people. The gunman took his own life. Police Chief Brian O'Hara speaks at a news conference. (Source: Bloomberg)
Remittances to Mexico have slumped to their lowest level in three years, a trend that may weigh on the peso in the near-term, according to Bank of America Corp.
The deployment of federal agents and National Guard troops has caused some Black parents to return to the days of “the talk” about policing that they had hoped was no longer needed to keep their children safe.
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Twenty One Capital CEO and Co-Founder Jack Mallers and OpenWorld Co-Founder Chief Legal Officer Stephan Dalal. (Source: Bloomberg)
Wednesday’s meeting, set to include U.S. and Israeli officials, is an attempt to renew peacemaking efforts as Israel looks to head off efforts by some countries to recognize a Palestinian state.
A roundup of where things stand with tariffs on key U.S. trade partners and sectors.
The F.D.A. introduced new rules. Here’s what to know.
Treasuries held an advance that sent shorter-maturity yields to the lowest levels of the past month despite cool demand for an auction of five-year notes.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, said President Trump wants to bring accountability to the Federal Reserve and that's not encroaching on the central bank's independence Treasury Secretary Scott Bessent repeated his call for Federal Reserve Chair Jerome Powell to conduct an internal review of the central bank, and referred to mortgage-fraud allegations about Fed board member Lisa Cook as the type of thing that should be included. “I’ve encouraged Chair Powell to do this on an internal basis before there is an external review,” Bessent said in an interview with Fox Business on Wednesday. “This is the kind of thing that needs to be addressed,” he said, referring to the Cook matter. (Source: Bloomberg)
Ryanair CEO Michael O’Leary says Boeing has accelerated 737 Max deliveries and is expecting the airline to receive 25 of its 737 jets between August and October, four to five months ahead of schedule.
MFE-MediaForEurope NV, the broadcaster founded by the late Silvio Berlusconi, will control around 60% of ProSiebenSat.1 Media SE after the German company’s second-largest shareholder agreed to sell its stake on Wednesday.
US companies are planning to buy back shares at a historic pace, a sign of Corporate America’s confidence in the economy.
Just days before a crucial budget vote, Chicago Public Schools’ top finance official is arguing that more borrowing is a bad idea for the cash-strapped district.
Amtrak intends to partner with a private developer to rebuild the dingy Manhattan train station on an accelerated schedule, transportation officials said.
President Donald Trump’s administration said that the $7 billion dollar makeover of New York’s Pennsylvania Station will begin construction by the end of 2027.
For three years of war, the country has banned young men from leaving the country once they turn 18, prompting an exodus of teenage boys. Now it is raising that age limit to 23.
The new artificially intelligent Pixel can help people streamline certain tasks. But that efficiency may not be worth the data you give up, our reviewer writes.
White House meeting over future of besieged enclave comes as Israeli forces prepare assault on Gaza City
For years, Danish doctors inserted intrauterine devices in Greenlandic girls and women without their consent, part of a painful legacy of mistreatment.
US regulators have approved updated versions of the Covid vaccine, though a much smaller group of people will be eligible to receive them this fall.
France’s political turmoil risks pushing the country into recession because it’s increasing uncertainty among consumers who had been driving growth, Carrefour SA Chief Executive Officer Alexandre Bompard said.
Buyout firm Apollo Global Management owns more than 80% of the publicly traded insurer.
The agency’s fall recommendations underscore the goals of Health Secretary Robert F. Kennedy Jr. to limit access to the vaccines, which he has long opposed.
Iran halted cooperation with the agency last month, as experts warned that Tehran may revive efforts to build a nuclear bomb.
The president has made no secret of his distaste for wind and solar in America. Now he’s taking his fossil fuel agenda overseas.
Canada’s top capital markets regulator has filed applications to push David and Natasha Sharpe, the husband-and-wife team who once ran private lender Bridging Finance Inc., into bankruptcy after they failed to pay millions of dollars in sanctions.
The gap between palladium and silver prices in the US and international benchmarks is too slim, given the risk of tariffs on critical minerals, Citigroup Inc analysts said.
After more than 9,000 performances as the shaman in the Broadway show, Tshidi Manye prepares to hang up her baboon costume.
Flexport Capital’s expanded funds provide financing for rising tariff, inventory and logistics costs
Cracker Barrel Old Country Store Inc. said it’s getting rid of a new logo that had sparked controversy and prompted a slump in its share price. “We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have,” the company said Tuesday in a statement. “Our new logo is going away and our ‘old timer’ will remain.” Bloomberg's Michael Halen reports. (Source: Bloomberg)
Russian crude oil shipments to Hungary may resume on Thursday after almost a week of halt following Ukraine’s attack on Druzhba pipeline network.
Bank of Nova Scotia is beefing up its US footprint and Dallas is offering as much as $2.7 million in incentives to win the lender’s next regional office.
President Donald Trump said that philanthropist George Soros and his son should be charged with racketeering for allegedly supporting violent protests “and much more,” without citing any evidence.
Banks including JPMorgan, Citi and UBS left the NZBA in the past year as they faced pressure from the Trump administration to ditch green pledges.
Antoine Chkaiban, New Street Analyst, tells Open Interest that he expects Nvidia to de-emphasize China and focus more closely on domestic demand when the chip giant reports results after the bell today. (Source: Bloomberg)
With the weather getting weirder every year, it’s best to judge the arrival of autumn by the TV schedules.
Joseph Epstein says it’s hard to imagine a world in which establishments outlaw phones, but it may not be that far off.
Wheat futures in Chicago fell the most in three weeks as improving production prospects globally put pressure on the market, even with signs of healthy demand.
US natural gas driller EQT Corp. is in talks to take a supply of liquefied natural gas from NextDecade Corp.’s export terminal, which is being built in Texas.
We explore why India is so confused by the Trump administration as U.S. tariff rates of 50 percent take effect today.
Stablecoin heavyweights Circle Internet Group Inc. and Paxos Trust Co. have piloted a new way to prevent copycats and help companies verify their digital asset holdings
President Donald Trump's 50% tariff on imports from India are now in effect. They're meant to punish the country for buying oil from Russia. The levies will hit more than 55% of goods shipped to the US — India’s biggest market — and hurt labor-intensive industries like textiles and jewelry the most. The move upends Trump's ties Indian Prime Minister Narendra Modi. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)
A recent study showed how the cutting-edge surgery could help patients with a failing heart.
His store near Buffalo, N.Y., opened in 2010 and proved a magnet for tour buses.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Taylor Swift’s engagement to football star Travis Kelce is expected to be a boon for the wedding industry. Angara CEO Ankur Daga examines how Swift’s engagement ring can impact the diamond industry and offers his estimate on the ring’s value.
The shooting was reported at Annunciation Catholic Church, which operates a school.
President Nayib Bukele says that his new education minister, a military officer, will restore discipline to schools where gangs once recruited. A school workers’ union called the appointment “absurd.”
All eyes are on Nvidia that is set to report earnings after the close on Wednesday. Wall Street wants to see how the chipmaker is spending on artificial intelligence and what revenues are from sales in China. Mandeep Singh of Bloomberg Intelligence talks about what he's looking for on "Bloomberg Surveillance." (Source: Bloomberg)
US president warns progressive billionaire and allies that ‘we’re watching you’
The documentary series “American Experience” begins an abbreviated schedule this week. A victim of the federal funding take-back, it has suspended production and laid off its staff.
A new study reveals some of the crucial molecular steps on the path to bipedalism.
Brazil’s share in the global market for the riskiest type of bank debt is dwindling as lenders turn to local financing for their borrowing needs even as foreign demand for the securities picks up.
Bokeh Capital founder and CIO Kim Forrest says "it's a great time to go shopping" and investors should refocus away from riding the "momentum train" called Nvidia. Speaking on "Bloomberg Open Interest," Forrest says she is huge believer in AI but also understands it has limitations. (Source: Bloomberg)
Australia has accused Iran of directing an attack on a Jewish restaurant in Sydney through a web of intermediaries. The operation on the ground, court records suggest, was messy.
The alleged covert influence campaign aimed at driving a wedge between Denmark and the autonomous territory that President Trump has sought to control.
Brazil’s pig iron producers have been in talks with American buyers as trade tensions raise concerns over shipments of the commodity that’s used to make steel in the US.
The shooting was reported at Annunciation Catholic Church, which operates a school.
The city will extend its experiment with public bathing in the river until mid-September. Swimming there had been banned for a century over health risks.
The White House is not the president’s property. Neither is the Smithsonian. Nor Washington itself.
Greetings from Bloomberg’s office in Princeton, New Jersey. The latest cargo mission to the International Space Station launched on Sunday, carrying equipment that could help with plans to build data centers in orbit. But first ...
T. Rowe Price CEO Robert Sharps speaks with David Rubenstein about the rise of index funds (now over 60% of US equity assets managed passively) while maintaining confidence in active management's ability to outperform over time. He also shares insights on expanding into private markets, the rapid growth of ETFs, and why he sees the US economy as resilient despite tight monetary policy. Sharps, who joined T. Rowe Price in 1997 as an equity research analyst, has risen to CEO, overseeing $1.6 trillion in assets. This interview was recorded July 8 in Baltimore, Maryland. DISCLOSURE: T. Rowe Price is the exclusive investment and wealth management sponsor of the Baltimore Orioles. David Rubenstein is the Chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles. (Source: Bloomberg)
Significant risk transfers, or SRTs, have become a key tool for banks managing their balance sheets and an appealing asset class for investors seeking alternatives to public credit markets. In this episode of the Credit Crunch podcast, Bloomberg Intelligence Global Head of Credit Strategy Mahesh Bhimalingam speaks with Matthew Moniot, head of credit risk sharing at Man Group, and James Plunkett, head of capital and risk distribution at NatWest. They are joined by Lento Tang, BI’s senior bank ana
The conservative majority has been largely receptive to the administration’s claims of executive power.
Scientists have found that a single tree can be home to a trillion microbial cells — an invisible ecosystem that is only beginning to be understood.
Businesses and policymakers are casting around for help from unlikely places, as the country’s exports to the United States are crushed by 50 percent tariffs.
A 17-year-old was stabbed to death as she rode home after a night out. Her killing has shaken a city where cycling safely at any hour is taken for granted.
History teaches us that chaos follows when leaders undermine the independence of central banks
Swatch Group AG shares jumped after Chief Executive Officer Nick Hayek soothed investor nerves over the impact of Donald Trump’s tariffs on the watchmaker’s US business.
With President Trump’s trade moves, war in Ukraine and wildfires, it was a busy month for the European Union. But not in Brussels.
Taps running dry are part of life in Bulgaria. Slav Okov explains how it acts as a cautionary tale for the rest of Europe grappling with climate change. (Source: Bloomberg)
US stocks shuffled between gains and losses on Wednesday ahead of Nvidia Corp.’s quarterly earnings, due after the closing bell, which will offer crucial insights into the artificial-intelligence trade.
It’s not clear if Trump can actually fire Lisa Cook, and markets seem not to be worried, at least for now, Bloomberg Opinion columnist John Authers explains. (Source: Bloomberg)
It was a sharp rebuke to the prosecutors who are dealing with the fallout from President Trump’s move to send National Guard troops and federal agents into Washington.
The indictments in Taiwan highlight the race to develop leading-edge semiconductors.
Elliott Investment Management has built an active stake in Los Angeles-based real estate investment trust Rexford Industrial Realty Inc., according to people familiar with the matter.
The unexpected leadership shake-ups at Poland’s government-run companies this month signal more changes are likely to come as the new state assets minister has taken the reins.
Activist investor Plantro Ltd. is urging Calian Group Ltd. to consider a sale of all or part of its business, arguing that the Canadian tech and services company is ripe for a shake-up to help boost its undervalued shares.
Following reports that people use the bot during an emotional crisis, the company said the software would spot and respond more appropriately.
The beverage maker’s new berry-flavored carbonated juice cocktail shows how brands are finding success using influencer marketing.
The deal with digital radio platform TuneIn marks the first time Apple Music’s six radio stations will be available outside the company’s app.
European Central Bank Governing Council member Peter Kazimir, who was convicted of bribery in May, filed an appeal that will be examined by Slovakia’s Supreme Court.
France’s benchmark bond yield premium over Germany rose to 80 basis points for the first time since April, the latest sign of growing investor concern over the nation’s political outlook.
The president’s Middle East envoy signaled that the war would be settled before the end of the year, but seemed to rule out a temporary truce.
Drew Matus, chief market strategist at Metlife Investment, says any cuts from the Federal Reserve “are going to come with a steepening” of the yield curve.
The president’s Middle East envoy signaled that the war would be settled before the end of the year, but seemed to rule out a temporary truce.
It’s picture-perfect, of course.
President Javier Milei is ratcheting up his defense of Argentina’s currency ahead of another massive local debt auction, piling the pain on the banking system and the broader economy as he fights inflation.
It becomes the latest country to restrict phone use in schools, with a law that will go into effect in 2026.
The International Monetary Fund wants further discussions with Senegal’s government about misreporting of the nation’s debt before taking the case to its executive board, suggesting new funding may be a protracted process.
KoBold Metals has been granted seven permits to search for lithium and other minerals in the Democratic Republic of Congo.
A niche hedge fund strategy involving convertible debt is having a moment, with market forces aligning to create ideal conditions for trading the hybrid securities.
Matthias Reschke, JP Morgan's Head of European Investment Grade Finance, on French debt premiums and the public versus private markets. He speaks with Bloomberg's Guy Johnson, Kriti Gupta and Anna Edwards on 'The Opening Trade'. (Source: Bloomberg)
Liberals focus too much on constitutions and too little on politics
Rescue workers pulled bodies from the debris after rain sent boulders and mud crashing down.
The e-commerce company plans to change benefit offerings and remove the in-store discount for the grocer’s corporate employees
Extreme weather is taking toll on farm output worldwide, with record droughts and wildfires driving up prices in markets for cocoa, cattle and coffee. In this episode of ESG Currents, Bloomberg Intelligence senior climate analyst Andrew Stevenson is joined by Dave Farnham, chief data scientist at ClimateAi, to discuss how better data can help minimize climate costs.
The White House is supporting the alternative fuels’ producers and farmers even as it attacks other clean-energy sources.
Mauritius is preparing to sell a minority stake in its national airline as the Indian Ocean island aims to boost tourism and improve the carrier’s finances, according to people familiar with the matter.
Poland’s central bank is set to cut interest rates by a quarter point next week before a likely pause in its monetary easing, according to Monetary Policy Council member Henryk Wnorowski.
Shipments have fallen by 600,000 barrels a day over the past two weeks
Dealmaking during the typically slow summer months has crossed the $1 trillion mark after a burst of mergers and acquisitions in August.
Protectionism, industrial policy and government ownership — all once conservative boogeymen — have become official doctrine.
Duties that just took effect will hit billions of dollars of trade and hurt Indian sectors ranging from textiles to farming.
The singer is in discussions to raise $1 billion of financing backed by publishing rights and recorded music
Cornell University Professor of Trade and Economics Eswar Prasad says President Donald Trump is “taking a hatchet” to the US system of checks and balances, the rule of law, and an independent central bank in his second term, as Trump seeks to oust Federal Reserve Governor Lisa Cook. (Source: Bloomberg)
Surging utility bills in key battleground states are threatening to become a political liability for Republicans heading into upcoming elections.
Copper is selling plug-in ranges that require no electric upgrades for the home or building.
In Singapore, the 2025 Bloomberg Sustainable Business Summit brought together leaders in business and finance to discuss a new era of sustainability defined by resilience and long-term value. (Source: Bloomberg)
Saudi Arabia’s residential property market is shifting geographically, with the holy city of Madinah recording the strongest growth in the kingdom during the first half of 2025, according to real estate consultancy Knight Frank.
Find insight on Frontier Airlines, Orient Overseas, MISC and more in the latest Market Talks covering auto and transport sector.
Find insight on gold and rare earths in the latest Market Talks covering basic materials.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Newmont Corp., the world’s largest gold miner, is studying plans to drive down costs that could lead to deep job cuts, following its $15 billion acquisition of Newcrest Mining Ltd. in 2023.
Lori Calvasina, head of US equity strategy at RBC Capital Markets, says her firm is “prepared for chop” amid “very mixed” vibes on sentiment to end the summer. (Source: Bloomberg)
Bets on continued low volatility are the biggest in three years.
London's underground trains have been extremely hot over the last few months, with temperatures inside uncooled tube carriages climbing above the surface temperature. While climate change is raising temperatures everywhere, cities like Beijing or New York offer more air conditioned transportation systems capable of keeping their commuters cool. Passengers on London’s busy Central line, for one, have endured heat wave conditions underground every day this summer, according to data recorded by Bloomberg. Joe Wertz reports on what the UK Met Office calls “almost certainly” the warmest summer on record for the country. (Source: Bloomberg)
Indian exporters hit by President Donald Trump’s 50% tariff say they can’t survive without government support, as calls for relief grow.
It’s the latest twist in the Greenland drama. President Trump wants the island, but Denmark refuses to hand it over.
Its director says that the Amsterdam museum could close unless the culture ministry increases funding to pay for a refurbishment.
Some detractors think the new bill is too weak to fill the recruitment gap. Others worry it will inevitably lead to forced conscription.
Plus, why men aren’t going to the doctor.
Nvidia Corp.’s China sales have taken on new levels of complexity, and investors will be hoping for a clearer read when the chipmaker reports earnings Wednesday afternoon.
Comcast veteran Scott Alcott will lead the company as chief executive.
The firm, which backs developers of local clean-energy infrastructure, has fully committed its latest fund across seven businesses.
US President Donald Trump imposed a crushing 50% tariff on Indian goods to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi. The new tariffs, the highest in Asia, took effect at 12:01 a.m. in Washington on Wednesday, doubling the existing 25% duty on Indian exports. In other news, the Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to people familiar with the matter. It follows Trump’s move to oust Fed Governor Lisa Cook. Today's guests: Maya Bhandari, Neuberger Berman CIO for Multi-Asset EMEA, Shumita Deveshwar, TS Lombard Chief India Economist, Alan Siow, Ninety One Emerging Markets Corporate Debt Co-Head (Source: Bloomberg)
Gilts hit hard by global rise in bond yields as ‘stagflationary’ concerns add to pressure on economy
China Life Insurance Co., the nation’s largest life insurer by market share, said profit rose 6.9% in the first half, as policy sales expanded and it boosted investment returns in a volatile stock market.
New World Development Co. has sold a retail space in one of its commercial buildings in Hong Kong for about HK$120 million ($15 million), according to a person familiar with the matter.
The European Union will seek to fast track legislation to remove all tariffs on US industrial goods to meet a demand made by President Donald Trump before the US will lower its duties on the bloc’s automobile exports. Brendan Murray reports on Bloomberg Television. (Source: Bloomberg)
Currency options show robust appetite for the euro and suggest the common currency is managing to dodge the fallout from political turmoil in France once again.
AI tools are changing the game for software development, but killing a $1.2 trillion industry will be a stretch.
Nvidia Corp. delivers quarterly earnings after the bell Wednesday and options traders are betting on one thing: the report will move the market.
Fabrication plants serving Huawei push to increase production as US cuts off access to Nvidia’s top processors
The slump in Keurig Dr Pepper's shares suggests shareholders are highly skeptical about its purchase of Dutch coffee company JD Peet's.
After criticizing the United Arab Emirates on social media, an Egyptian activist was extradited to the Gulf country, where he has been detained without trial for months.
In her return at the U.S. Open, Ms. Williams decided to highlight labels based in the United States. Her shearling racket bag was hard to miss.
The party is counting on a new type of leader to counteract Trump.
Joe Gebbia wants to make government services more “satisfying.” Some peers in the design industry are skeptical.
The trillions of dollars that tech companies are pouring into new data centers are starting to show up in economic growth. For now, at least.
We want to hear from you for a New York Times Magazine feature about how much of America’s family wealth is tied up in parents’ homes.
Built for a cooler climate, many homes need to be retrofitted for warming temperatures. It won’t be as simple as installing air-conditioning.
President Trump wants to cut federal spending for education. The money often goes toward disadvantaged students in Republican states.
New Orleans after Katrina is a cautionary tale for every place in America that will one day face its own disaster.
A language student’s guide to the French capital highlights the culinary, literary and musical influences that quietly shape everyday life.
The former college swimmer has used her race against Lia Thomas, a trans athlete, to propel her career as an influential, and unsparing, activist.
Directors use our canine friends to convey connection even as we’ve grown more disconnected from the animal world.
Taylor Swift's engagement to football star Travis Kelce has sparked a flood of online bets on the billionaire singer's life. On prediction market websites like Kalshi and Polymarket, traders are putting money behind their expectations for the couple, after Swift announced the engagement Tuesday in a five-part Instagram post that showed the two surrounded by flowers. The viral post sparked widespread coverage from virtually every major news organization. While no date for the nuptials has been announced, the Swift-Kelce marriage is expected to be a boon for the wedding industry as the pair make decisions on everything from their clothing to the floral arrangements. New York Magazine's the Cut reported that the $320 Ralph Lauren dress Swift wore in the engagement photos is already sold out. Bloomberg's Tiwa Adebayo joins Stephen Carroll and Caroline Hepker to discuss. (Source: Bloomberg)
Dalata Hotel Group Plc’s Chief Executive Officer Dermot Crowley said the UK tourism and hotel industry is going through a particularly challenging period, hurting earnings at the Irish hotel operator.
President Trump made the announcement in a brief social media post. It was his latest effort to push crime to the foreground of American politics.
Cnooc Ltd. profits slumped over the first half of the year as oil prices tumbled amid tariff volatility and muted demand in its domestic market.
A foundation linked to billionaire Jannie Mouton, a founder of South Africa’s biggest bank, plans to acquire the country’s top private education group for about 7.1 billion rand ($400 million).
Indonesian sovereign wealth fund Danantara has signed a $1.42 billion heads of agreement with Chinese company GEM Co. Ltd. to develop a plant producing battery-grade nickel.
If government won’t call out the dangers of the Reform leader’s policies now, when will it?
Shares in Deutsche Bank AG and Commerzbank AG dropped after they were downgraded by Goldman Sachs Group Inc. analysts, who cited a recent run-up in both stocks for the move.
Danish foreign minister accuses ‘foreign actors’ of trying to influence future of the vast Arctic island
Capitec Bank Holdings Ltd. overtook FirstRand Ltd. to become Africa’s most valuable bank, a month after a new chief executive officer took over at the lender that’s reported record profits for four straight years.
Trump weighs quickly announcing a nominee to replace Lisa Cook on Federal Reserve board
South Korea’s ambition of leveraging its shipbuilders to help revive America’s struggling sector threatens the profitability of the Asian country’s own yards, according to Nomura Group.
Vitol Group is set to load the first cargo of Syrian crude oil since the lifting of western sanctions on Damascus as the country’s energy industry attempts to recover of more than a decade of destruction from armed conflict.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
European stocks were subdued, dragged lower by banking shares, while investors awaited Nvidia Corp.’s earnings for clues on the outlook for artificial intelligence.
Mark Cudmore, Anna Edwards, Guy Johnson and Kriti Gupta break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
Rheinmetall AG is opening what will be Europe’s biggest ammunition factory after a slight delay as discussions about security guarantees for Ukraine gather steam and Germany sets out to massively expand its military.
The biggest oil producer in the United Arab Emirates agreed to supply liquefied natural gas to Indian Oil Corp. for 15 years as it lines up more binding contracts for a new export terminal.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, US President Donald Trump says he's prepared for a legal fight with Fed Governor Lisa Cook, after she rejects his moves to remove her. The US slaps a crushing 50% tariff on some Indian goods. Plus, investors brace for results from the world's most valuable company with Nvidia's earnings a key test of Wall Street's faith in the AI boom. Today's guest: Saul Klein, Phoenix Court, Co-founder and Executive Chair. (Source: Bloomberg)
The Italian government is again seeking to tap into bank profits as a way to prop up public finances, according to various reports in Italian newspapers.
Six people in New York City have died this summer from Legionnaires’ disease, and more than 100 others have been sickened.
After posting record half-year sales figures on Wednesday, Lego A/S said it would sustain its momentum by doubling down on the market in Asia.
French assets steadied in early trading on Wednesday, bringing some respite ahead of a key vote next month that could trigger a collapse in the government.
Vietnam is opening up its gold market, ending a state monopoly on imports and exports of raw bullion as well as producing bars, in a move that may boost supply and narrow a gap between local and global prices.
Additional US tariffs on Indian goods have come into effect on August 27, doubling the existing 25% duty imposed on August 7 to 50%. Meanwhile oil held a large drop as investors weighed the fallout from higher tariffs over India’s imports of Russian crude. Vandana Hari, Founder of VANDA Insights told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche there’s no signs the tariffs will have a major shift in local refiners’ purchasing patterns. (Source: Bloomberg)
A leading Chinese chipmaker briefly replaced a top liquor giant as the country’s most expensive onshore stock, as investors doubled down on innovative technology firms to keep driving a broader rally.
Whistleblower complaints have raised questions about private equity giant TPG’s ability to manage five hospitals and dozens of clinics in Kenya, Nigeria and Pakistan on behalf of investors, including the Gates Foundation. The saga has cast a shadow over the strategy of development banks and philanthropists to lean on for-profit companies to improve health care in poorer nations. Bloomberg's Simon Marks reports. (Source: Bloomberg)
Concerns around unemployment drove the gloomier mood among Germans.
Rio Tinto Group’s new chief executive officer has combined some of its biggest businesses as he looks to simplify the world’s No. 2 miner.
Chinese bubble tea chain Mixue Group reported robust revenue growth in the first half of the year, as its low-priced drinks continued to resonate with cost-conscious young Chinese consumers.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
China is preparing to showcase its latest anti-ship missiles, combat drones and nuclear-capable ballistic missiles in a parade aimed at demonstrating its military prowess — and perhaps attracting potential buyers. Bloomberg's Minmin Low reports. (Source: Bloomberg)
Richard Li’s FWD Group Holdings Ltd. signed a decade-long deal with Swire Properties Ltd. to expand its headquarters in Hong Kong in the city’s biggest office lease transaction this year, the companies said.
Good morning. Tech shares climb as investors await Nvidia’s earnings. SpaceX’s Starship rocket deploys satellites in space for the first time. And Taylor Swift shares her Love Story. Listen to the day’s top stories.
China’s largest sportswear maker Anta Sports Products Ltd. reported better-than-expected revenue for the first half of the year as it continues to tap Chinese consumers’ growing post-pandemic health awareness.
Switzerland is likely to stave off deflation despite the tariff uncertainties facing its economy, according to central bank Vice President Antoine Martin.
President Donald Trump imposed a crushing 50% tariff on some Indian goods — the highest in Asia — to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi. It doubles the existing 25% duty on Indian exports. Bloomberg's Shruti Shrivastava talks about what it means for trade, the Indian economy and geopolitical ties. (Source: Bloomberg)
Taylor Swift’s engagement to football star Travis Kelce has sparked a flood of online bets on the billionaire singer’s life. On prediction market websites like Kalshi and Polymarket, traders are putting money behind their expectations for the couple. Bloomberg's The China Show reports. (Source: Bloomberg)
If mortgage rates don’t fall enough, intervention in bond markets could follow.
Japan’s Financial Services Agency has proposed broadening investor access to the government’s tax-free stock investment program to allow people younger than 18 to build long-term asset portfolios.
Investors are hammering shares of Australian companies that miss expectations during the busiest stretch of the country’s August reporting season.
President Emmanuel Macron of France also pushed back against accusations by Prime Minister Benjamin Netanyahu that he had not done enough to protect French Jews from antisemitic attacks.
Anticipation is building for China's big parade next week, where the military is set to showcase its anti-ship missiles, combat drones and nuclear-capable ballistic missiles. Satellite imagery of a staging ground shows scores of weapons that will most likely roll through the streets of Beijing on September 3. (Source: Bloomberg)
President Trump accused India of aiding Moscow’s war on Ukraine by purchasing Russian energy, derailing trade talks between India and the United States.
The CEO of Hong Kong Investment Corp. says the fund, which was set up by the financial hub's government in 2022, will not be deterred by global politics when it deploys cash. Speaking exclusively to "Bloomberg: The China Show," Clara Chan also discusses how it's allocating its investment capital of $8 billion. (Source: Bloomberg)
China’s Zijin Mining Group Co., the world’s third-biggest metals miner by market value, warned that growing geopolitical competition presents a challenge as nations vie to secure supplies of strategic commodities.
As punishment for buying Russian oil, President Trump is doubling the tax on goods imported from India, jeopardizing a relationship decades in the making.
The Hoover Institution's Sumit Ganguly tells Bloomberg TV that trade pressures from the Trump administration could be accelerating a diplomatic shift, as India looks to Beijing for a stable trading partner. (Source: Bloomberg)
Additional levies over Russian oil purchases raise rates on New Delhi to among the highest in the world
Software giant wants to retain access to start-up’s technology while removing artificial general intelligence’ clause
Convention is being used in unintended ways to help prevent deportations, former Labour home secretary says
GLP-1 medications could be the group’s death knell — or grant it a new lease on life
Korea Investment & Securities Co. plans to buy unhedged super-long Japanese government bonds for the first time to take advantage of rich yields and its expectation for the yen to maintain gains against the dollar.
Meant to withstand being hit by an aircraft, industry veterans warn of the Sizewell C design’s ‘terrifying’ complexity
Deal with Kia Joorabchian is latest example of a large private credit firm pushing deeper into sports lending
Despite an initial mood of wartime solidarity, Iranians across the political spectrum believe the conflict has exposed the vulnerabilities of the system
France’s latest bout of political instability is set to endanger a nascent economic recovery as companies hold off on hiring and investment.
Hong Kong Investment Corp., the fund recently set up by the city’s government, isn’t going to be deterred by global politics when it deploys cash, according to its chief executive officer.
Aluminum and copper were steady as China’s industrial companies saw their profits fall at a slower pace in July, which could support the outlook for metals.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Revenues rise 44-fold on surging demand for homegrown semiconductors
China’s imports of liquefied natural gas are poised to decline for a 10th straight month on a year-on-year basis, according to data from Kpler, due to robust piped supply and higher domestic output.
A compliment from President Donald Trump sent shares of a South Korean pen maker to their highest level in 19 months.
The public is wary of the push that some governments are making to deploy thousands of troops in Ukraine if a peace deal is reached.
The letter, sent to Congress on Monday, said cuts made by the Trump administration had erased improvements made to disaster response since Hurricane Katrina.
Typhoon Kajiki left at least seven people dead in Vietnam after bringing heavy rains that damaged thousands of homes and left much of the capital under water.
The Chinese yuan rose to its strongest level against the dollar since November, buoyed by a weaker greenback and gains in local equities.
President Trump, who has sent the military into Los Angeles and Washington, has targeted states and cities governed by Democrats.
Giant SpaceX rocket’s 10th test flight deploys dummy satellites and reinforces billionaire’s dominance of commercial space flight
Australia’s monthly inflation indicator jumped to its highest level in a year in July, affirming the Reserve Bank of Australia’s cautious approach to cutting interest rates over recent months.
Just days before the start of the US export season for soybeans, the world’s top importer doesn’t appear to have bought a single American cargo for the coming year.
Markets haven’t yet grappled with the implications of the president having control over the central bank.
South Korea is considering a sale of dollar bonds, people familiar with the matter said, in what would be be a test of global investor sentiment after President Lee Jae Myung’s first in-person meeting with President Donald Trump helped defuse tensions.
The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza.
New Zealand will smooth the pathway for new supermarket operators as it seeks to weaken a duopoly in its grocery market and lower prices.
The Senate seat in the Sioux City area had been held by a Republican. It would be the second time this year that Iowa Democrats had flipped a legislative district.
SeaTown Holdings International, a unit of Singapore’s state-owned investor Temasek Holdings Pte., has raised over $612 million in initial investor commitments for its third private credit fund, targeting deal opportunities across Asia.
PNB Merdeka Ventures Sdn. is setting up a program to sell as much as 6 billion ringgit ($1.4 billion) of Islamic bonds to partly fund the ongoing development of the Merdeka 118 precinct.
Akeso Inc. said its closely-watched lung cancer drug has definitively demonstrated for the first time that it could help some patients live longer, potentially boosting its prospects for approval in the US.
China’s industrial companies saw their profits fall for a third straight month, adding to evidence that deflationary pressures and aggressive competition among producers are heaping stress on the economy.
Option bets on Meituan have surged to levels never seen before as investors position ahead of its earnings report later Wednesday.
Australian oil and gas explorer Invictus Energy Ltd. said that it will sell a 19.9% stake to a Qatari investment firm, which will help fund one of its projects in Zimbabwe.
Sinolink Securities Co. raised its margin deposit ratio for new client financing to 100%, marking the first broker with public tightening measures amid surging interest in China’s stock market.
Domino’s Pizza Enterprises Ltd. plummeted after the loss-making company slashed its dividend and said sales have fallen even faster in the new financial year.
The successful test is a rebound after a series of fiery setbacks for the Elon Musk-led space company.
SpaceX’s Starship rocket launched to space and deployed satellites for the first time before surviving most of its journey to Earth, achieving new technological milestones after a year of fiery setbacks. (Source: Bloomberg)
The two most powerful drug rings are locked in a turf war over control of a key South American smuggling route. The bodies are piling up.
The first Black woman to serve as a Federal Reserve Board governor is at the center of an unprecedented power struggle pitting the independence of the bank against the authority of the president.
The chain, known for its farmhouse aesthetic, ignited a social media firestorm when it announced its “fresh” rebrand last week.
Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Lawrence H. Summers, Former US Treasury Secretary, & Danny Blanchflower, Dartmouth College Economics Professors, weigh in on whether or not President Trump’s proposals are effecting the independence of the Federal Reserve. Rep. Sam Liccardo (D-CA) talks about if President Trump can fire Federal Reserve Governor Lisa Cook. (Source: Bloomberg)
A lawsuit argues that the American Dream mall, by allowing the sale of lumber, furniture and “wearing apparel” on Sundays, has violated a “blue law” descended from a 1798 statute.
Iran and representatives of the UK, France and Germany will “maintain contacts in coming days” after talks on Tehran’s nuclear program concluded Tuesday without a breakthrough.
Companies are snapping up “AI native” talent straight out of college and grad school—no work experience required.
SD Guthrie Bhd., the world’s biggest oil palm planter by acreage, is positioning itself to tap into the data-center boom as it looks to develop a green-energy powered industrial park in Malaysia’s southern state of Johor.
Oil steadied after dropping by the most since early August as investors counted down to the imposition of higher US tariffs on India over its purchases of Russian crude.
They needed a Halloween costume. Five years later, some have suggested that they manifested the “Tayvis” marriage.
Betsy Duke, Former Fed Governor and Former Wells Fargo Chair, She says this is a real assault on the independence of the Federal Reserve System and its FOMC members. She tells Romaine Bostick and Scarlet Fu on “The Close” that if the president can remove a Fed governor based on unproven allegations, it sets a dangerous precedent for all members. (Source: Bloomberg)
Ken Rogoff, Harvard University Economics Professor, says undermining the independence of technocratic institutions, from the Bureau of Labor Statistics to the Fed, poses risks to long-term growth and stability. He speaks with Romaine Bostick and Scarlet Fu on “The Close.” (Source: Bloomberg)
The company’s streamlined new look sparked a culture-war firestorm.
The pop star’s antique-inspired sparkler channels the “heirloom look,” reflecting a return to antique stones.
Commerce Secretary Howard Lutnick sparked a minor rally in shares of defense contractors with his suggestion that the US might take ownership stakes in some of them, even as industry analysts warned the idea poses serious conflict-of-interest concerns.
Ms. Menendez was convicted of taking bribes of gold, cash and a Mercedes in exchange for political favors dispensed by her husband, a former New Jersey senator.
Lynne Fitzpatrick, CME Group President and CFO, says the partnership with FanDuel is about distribution to customers, with FanDuel seeking additional access to financial market products. She tells Romaine Bostick and Scarlet Fu on “The Close” that FanDuel will bring millions of potential customers. (Source: Bloomberg)
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 Former Fed Governor Betsy Duke, Invesco’s Stephanie Larosiliere, Harvard University’s Ken Rogoff, University of Pennsylvania’s Peter Conti-Brown, Richard Bernstein Advisors’ Mike Contopoulos, Morgan Stanley’s Anish Shah, AlixPartners’ David Garfield, House Financial Services Ranking Member Rep. Maxine Waters, Harris Associates’ Alex Fitch, Spruce Point Capital Management’s Ben Axler. (Source: Bloomberg)
Good morning, it’s Carmeli in Sydney here to bring you all the latest news to start your day. Earnings season continues, with Woolworths and Domino’s Pizza due to report today. But first… Today’s must-reads:
The streamer wanted to show it could match the success of the biggest theatrical hits. It didn’t expect this would be the first film to do it.
China’s equity bull run is getting a boost from the country’s wealthy individuals, fueling hope among local brokers that the liquidity-fueled rally has legs.
Rep. Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, says the White House has made no effort to engage Democrats on Fed Governor Lisa Cook or the Fed more broadly. She tells Romaine Bostick and Scarlet Fu on “The Close” that the President is trying to take over the Fed and intimidate Chair Powell. (Source: Bloomberg)
The dupes of the cute-ugly toys have left consumer complaints and warnings about safety risks and potentially hazardous chemicals in their wake.
Governor Lisa Cook has vowed to challenge her dismissal in a case that is likely to end up at the Supreme Court
President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say
As hours ticked by, President Trump played reality television host — “This has never been done before!” — as his cabinet members offered praise. It was a glimpse of how he runs his presidency.
As students arrive on campus for fall classes, several universities have locked down their campuses after reports of mass shootings that turned out to be false.
Ex-Kroger Co. Chief Executive Officer Rodney McMullen won a court order that bars questioning by lawyers about his sudden resignation this year after an internal investigation by the grocery store chain found ethical concerns.
A group of banks led by Bank of Montreal are looking to relaunch a loan supporting HIG Capital’s buyout of Converge Technology Solutions Corp., according to people with knowledge of the matter, four months after banks were forced to fund the deal when tariffs upended markets.
It is the latest effort by President Trump and his allies to impugn the Russia investigation, which the president sees as having been a partisan witch hunt.
Danny Blanchflower, Dartmouth College Economics Professors, weighs in on whether or not President Trump’s proposals are effecting the independence of the Federal Reserve and suggests that ultimately the markets will say how things should be. Danny also talks about what to expect if President Trump does influence the 12 Fed regional banks. He speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Asian equities are poised to rebound from Tuesday’s losses, tracking modest gains in US stocks ahead of Nvidia Corp.’s results. The dollar and longer-dated Treasuries declined following President Donald Trump’s push to oust Federal Reserve Governor Lisa Cook.
Prudential Plc’s new business profit grew in the first half of the year amid buoyant demand in key markets from Hong Kong to Indonesia.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Isabelle Lee. (Source: Bloomberg)
Lawyers for Ms. Cook promised to take legal action one day after the president moved to fire her over allegations of mortgage fraud.
Venezuela will deploy vessels to a key oil-exporting hub near Colombia in response to the US’s decision to send warships to the southern Caribbean.
Also, a Social Security whistleblower. Here’s the latest at the end of Tuesday.
Officials made no mention of politics in cutting ties with a network of nonprofit funds, but Bill Gates has made other moves to insulate the charity from political pressures.
The US will slap a crushing 50% tariff on some Indian goods starting Wednesday — the highest in Asia — as President Donald Trump presses ahead with the levies to punish New Delhi for buying Russian oil.
Investors are getting so desperate to lighten their holdings of Japanese government bonds that some are willing to sell the securities at a discount to the central bank.
Heightened tensions between Beijing and Washington have many investors waiting to allocate capital to Chinese assets. In a recent interview at his New York office, Brendan Ahern, chief investment officer at Krane Funds Advisors LLC, explains how geopolitics and shifting market narratives influence inflows.
The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to people familiar with the matter. President Donald Trump’s move on Monday to oust Fed Governor Lisa Cook, if it holds up in court, would give him an opportunity to a secure a majority on the seven-person Board of Governors. But the central bank’s Federal Open Market Committee, which is responsible for setting interest rates, also includes five regional bank presidents who — unlike the governors — aren’t nominated by the White House or confirmed by the Senate. Bloomberg US Economy Reporter and Editor Matt Boesler joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
At a delicate moment in Lebanese politics, the envoy, Thomas J. Barrack Jr., provoked outrage by warning Lebanese journalists not to be “animalistic.”
Lawrence H. Summers, Former US Treasury Secretary, shares his thoughts on whether or not Federal Reserve independence is dying and states that this is the gravest most extensive politicization of the Fed in more than 50 years. He also talks about the Trump Administration disregarding the norms set when addressing the Fed and how this adds risk to America’s economy. Lawrence H. Summers speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Nick Thomas-Symonds to defend alignment with Brussels’ rules as he accuses Reform UK leader of hurting business
President Donald Trump’s bid to expand his control of the Federal Reserve is about to trigger a historic lawsuit over a short bit of legalese: “for cause.” At issue is Trump’s unprecedented attempt to oust Fed Governor Lisa Cook over a thus far unproven claim that she lied on mortgage documents for a pair of homes back in 2021. Cook says she’ll sue to protect her position. The case is likely to hinge on whether Trump has “cause” to fire Cook. The law underpinning Fed operations says the president can only remove Fed officials “for cause,” but it unhelpfully doesn’t define the term. Columbia Law School Professor Kathryn Judge joins Bloomberg Businessweek Daily to discuss, adding she believes the legal battle could reach the Supreme Court. (Source: Bloomberg)
The campaign for silence on the public transit system, which appeals to consideration for fellow passengers, stops short of strictly enforcing fines.
An advance tally of manufacturing sales points to a solid 1.8% improvement in trade in July from a month prior.
ArcelorMittal SA’s expansion plans in Brazil may be limited due to a surge in cheap steel imports and the effects of US tariffs, said the company’s head of Brazilian operations, Jorge Oliveira.
Good morning. Lisa Cook vows to sue Trump after his ouster attempt. Modi’s tax revamp proposal may shield Indian economy from US tariffs. And Messi’s favorite drink is shaken from Argentine price controls. Listen to the day’s top stories.
On today’s Big Take Podcast: What Trump’s push to oust Federal Reserve Governor Lisa Cook says about his plans for the central bank.
Politicians prefer serial political crises over any economic reform.
Bloomberg’s Kate Davidson discusses a Bloomberg report discussing President Trump is now weighing his options to extend influence over the Federal Reserve’s 12 regional banks. Kate talks about what Trump’s influence could look like, and how this might impact the Federal Reserve. She speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Strategic Value Partners and a group of creditors to Kloeckner Pentaplast are in talks to restructure the German packaging company’s balance sheet as it faces ongoing earnings pressure from rising costs, according to people with knowledge of the matter.
President Trump claimed he has cause to remove a member of the independent board who has not obeyed his demands to vote for lower interest rates.
One of the last surviving combat aces from the war, he took down five Japanese aircraft and helped save a destroyer during the Battle of Okinawa.
Plus, the Booker Prize nominees.
Bogie and Bacall, Marilyn and Joe DiMaggio, Beyoncé and Jay-Z: The new celebrity power couple might overshadow them all.
US Representative Maxine Waters, a California Democrat and ranking member of the House Financial Services Committee, says President Donald Trump doesn't know what he is doing and will cause increased inflation. Speaking on "Bloomberg The Close," Rep. Waters also accuses President Trump of trying to control the Federal Reserve. (Source: Bloomberg)
On today’s Big Take Asia podcast, we look at South Korea’s booming shipbuilding industry and how the nation has teamed up with the US to counter China’s dominance.
Canada requires a total of 3.2 million new housing units by 2035, the Office of the Parliamentary Budget Officer projects.
Exxon Mobil Corp. held talks with Russia’s state-controlled oil company about returning to its Sakhalin-1 oil development, the Wall Street Journal reported, citing people familiar with the matter.
We explore why India is so confused by the Trump administration as U.S. tariff rates of 50 percent are set to take effect today.
The Russell 2000 outperformed, while Boeing shares rose after a Korean Air Lines order.
For the full experience visit: Xi Unleashes China’s Biggest Purge of Military Leaders Since Mao
The new rules led to clashes with the police and threats of hunger strikes by members of the Jain religious community, which believes in nonviolence against all creatures.
Trump’s personalized control of growing swaths of the economy will harm American economic freedom and competitiveness.
A war Vladimir Putin can’t figure out how to end is likely to get bigger eventually.
Foreign Minister Gideon Sa’ar says that strategy and survival have to come first.
Options traders boosted bets that 30-year Treasuries will trail other US government bonds as President Donald Trump’s move to fire a Federal Reserve governor intensified concerns around the central bank’s independence.
President Donald Trump’s administration said it withdrew more than $175 million in federal funding from projects related to California’s high-speed rail, in the latest move to kneecap the long-delayed plan to connect Los Angeles to San Francisco via train.
After two consecutive scrubs, the Starship vehicle is due for its 10th test flight as Elon Musk’s company aims to overcome earlier setbacks.
Tehran has accused IAEA’s Rafael Grossi of helping spark Israel’s June attack.
On this episode of Elon, Inc. we talk about Elon Musk’s companies suing Apple and OpenAI and whether he made up with rival Mark Zuckerberg.
The market reaction was muted after President Trump moved to fire the Federal Reserve governor Lisa Cook. One economist likened the response to a frog in “gently heating” water.
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Isabelle Lee discuss President Donald Trump's cabinet meeting as his threats to fire Federal Reserve Governor Lisa Cook may prompt a potential legal battle. Bloomberg's Myles Miller sits down with New York City Mayor Eric Adams for a wide ranging interview. Enda Curran discusses Trump's move to fire Fed Governor Lisa Cook, GMO Portfolio Manager Ben Inker talks stocks waffling after Trump's attacks on the Fed, and Wayne Sanders touches on Commerce Secretary Howard Lutnick hinting that the US government could potentially turn to the defense sector for investment deals. (Source: Bloomberg)
President Emmanuel Macron of France also pushed back against accusations by Prime Minister Benjamin Netanyahu that he had not done enough to protect French Jews from antisemitic attacks.
Change to border rules aims to address high number of males being sent abroad by their parents before they reach 18
PVH Corp. boosted its forecast for the current year following stronger sales in the second quarter on celebrity partnerships and entertainment deals.
Bloomberg's Wayne Sanders discusses what a government stake could look like for defense companies and what it could mean for a sector that already sees the majority of its demand driven by the US military. (Source: Bloomberg)
BlackRock, Nuveen and other creditors ditched a previous deal to write down over $8 billion in electric revenue bonds.
Companies like Salesforce, Adobe and ServiceNow are among the worst performers in the S&P 500 this year, as investors worry about the impact AI could have on demand for their products. Bloomberg’s Ryan Vlastelica joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Texas Senators Ted Cruz and John Cornyn want a space shuttle that has flown to space relocated to Houston. A provision of the One Big Beautiful Bill Act, signed last month, allocates $85 million for the project. Bloomberg’s Loren Grush describes what’s behind the effort and what it could actually cost on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg's Enda Curran breaks down Trump's move to fire Fed governor Lisa Cook for alleged mortgage fraud and the potential legal fallout as both parties say they are willing to see the fight through. (Source: Bloomberg)
Analysts are too low in their estimates for Nvidia, according to I/O Fund Lead Tech Analyst Beth Kindig. She discusses her expectations for Nvidia's growth with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Gov. Tiff Macklem says the 2% target ‘has proven its worth in achieving price stability over time.’
New York City Mayor Eric Adams pushed back against President Donald Trump’s plan to possibly send National Guard troops to the biggest US city, warning that federal intrusion would undermine local authority at a time when residents need stability. "Our communications with the federal government is: We got this,” he said. He speaks to Bloomberg's Myles Miller. (Source: Bloomberg)
The use of jokey names for new immigrant detention centers by the Trump administration and its allies is causing serious disagreements.
Kitty Richards, senior fellow at Groundwork Collaborative, reacts to President Trump's attempt to oust Fed governor Lisa Cook from her seat on the Fed board and breaks down the larger-scale impact the move could have on the economy. (Source: Bloomberg)
Resuming business in Russia would mark a dramatic rapprochement after Exxon’s messy breakup with Moscow when Putin attacked Ukraine in 2022
Antitrust Lawyer David Balto says Elon Musk’s claim that Apple is unfairly favoring OpenAI across its products is a case of trying to use antitrust laws to “muscle a deal” out of rivals. Balto speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Kohl’s Corp. is asking some vendors for more time to settle invoices, according to people with knowledge of the situation, as the ailing retailer adjusts its payment strategy amid efforts to execute a turnaround plan.
Baird Managing Director Ted Mortonson says the Trump administration’s actions and understanding of global technology issues are "unprecedented.” He speaks with Caroline Hyde on “Bloomberg Tech” about what that means for establishing a US tech advantage. (Source: Bloomberg)
The European Commission has defended nations’ rights to impose digital services taxes, in the face of threats from US President Donald Trump to place export curbs and tariffs on those countries. Bloomberg’s Peter Elstrom joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
AT&T has agreed to buy spectrum licenses from EchoStar in a deal worth about $23 billion. Bloomberg’s Kelcee Griffis joins Caroline Hyde on “Bloomberg Tech” to explain why this helps ease regulatory concerns for EchoStar and strengthen AT&T's ability to deliver 5G and fiber services. (Source: Bloomberg)
“As always, the Federal Reserve will abide by any court decision,” the central bank said in a statement regarding President Donald Trump’s move to oust Federal Reserve Governor Lisa Cook. Elliott Stein has more on “Bloomberg The Close.”
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses President Donald Trump's move to fire Federal Reserve Governor Lisa Cook. On today's show, Constitutional Lawyer Robert McWhirter, Stonecourt Capital Partner Rick Davis, ROKK Solutions Partner Kristen Hawn, Groundwork Collaborative Senior Fellow Kitty Richards. (Source: Bloomberg)
Trevis Williams is eight inches taller than a man accused of flashing a woman in Union Square in February. The police arrested him anyway.
New York City Mayor Eric Adams, a Democrat, talks about his relationship with President Donald Trump and his reaction to Trump deploying National Guard troops to Washington, DC. Adams also talks about fighting crime, cashless bail, and says he has no plans to drop out of the November mayoral race. “Yes, I’m staying in, no matter what,” he told Bloomberg's Myles Miller. Adams is running as an independent. (Source: Bloomberg)
When Australia’s central bank resolved to refurbish its 1960s-era Sydney headquarters in 2018, it hardly expected the project would fall victim to the complex construction rules that also hinder the country’s housing sector.
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." AT&T shakes up the telecom industry with a deal that may help it stay afloat and fend off regulatory concerns. Eli Lilly's experimental obesity pill helped patients lose 9.6% of their body weight in a trial that moves the company one step closer to a potential approval. President Trump threatens fresh tariffs and export controls in retaliation against digital taxes on American tech. CEO Marc Rowan of Catalyst Brands, the parent of companies like Brooks Brothers and JCPenney, joins the C-Suite to talk about the Back-to-School shopping bust and how he's catering to budget conscious parents. And Cadillac announces its F1 team. We speak to Dan Towriss, Cadillac Formula 1 Team CEO. (Source: Bloomberg)
President Donald Trump comments on Federal Reserve Governor Lisa Cook vowing to fight his move to oust her from the central bank following allegations that she falsified mortgage documents.
When Republicans repealed a Biden-era “access and equity” grant program for transportation, they canceled funding for projects in some of their own districts.
Former Chair US Council of Economic Advisers Jared Bernstein discusses Lisa Cook's attempt to fight President Donald Trump's efforts to fire her from the Federal Reserve Board of Governors and how rising term premiums is making global investors nervous. He speaks with Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)
The patient had traveled to Central America, where an outbreak of myiasis, an infection by screwworm larvae, has been ravaging livestock.
The canal’s administrator wants more players running ports to dilute the influence of BlackRock partner Mediterranean Shipping Co. and, potentially, China’s Cosco.
The plans announced by the leader of Reform U.K., which is leading opinion polls in Britain, illustrated how he is driving a hardening of the debate around immigration.
Less than a month after listing its shares in London, Metlen Energy and Metals Plc is on the verge of gaining a place in the UK’s blue-chip stocks benchmark.
Democratic Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission on Sept. 3, bringing the agency under the sole leadership of Acting Chairman Caroline Pham.
A true moment of crisis for the central bank.
The annual financial disclosure reported no income as of yet from Justice Samuel A. Alito Jr.’s recently reported book deal.
President Donald Trump said he wants “nothing less than $500 million” from Harvard University after months of attacking the oldest and richest US college.
The director of Federal Housing Finance Agency could win the president an opening on the Federal Reserve board.
Crescent Capital Group is pitching a credit continuation fund to investors that will allow it to move some assets from a prior vehicle, according to people familiar with the matter.
The measures were almost entirely symbolic, yet laid bare the broader fault lines dividing and shaping the party nearly two years after the war began.
Presidential candidate Jorge “Tuto” Quiroga intends to seek better terms on Bolivia’s $14 billion of overseas debt to stabilize an economy ravaged by shortages and soaring inflation.
Meghan Hays, Fmr. Special Assistant to President Biden & Democratic Strategist, and Rick Davis, Stonecourt Capital Partner & Republican Strategist, discusses whether Presidential primaries for both parties should happen in the same states or ones that some argue represent a larger demographic of Americans. They also share their thoughts on President Trump threatening to send the National Guard to Chicago and their takeaways from President Trump hosting South Korean President Lee at the White House. Both Meghan and Rick speak with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. SGH Macro Advisors Chief Economist Timothy Duy and Former Chair US Council of Economic Advisers Jared Bernstein. (Source: Bloomberg)
Also sports futures contracts, airport timing and AI on the earnings call.
Jonathan Karp, the chief executive since 2020, will oversee a new imprint that publishes six books year.
If the courts allow Trump to get away with firing Lisa Cook, the Fed will be stripped of its insulation from political pressure.
Volatility has vanished. Now hedge funds are betting the calm will last, shorting the Cboe Volatility Index, or VIX, at rates not seen in three years. But such eerie calm and extreme positioning has historically foreshadowed a spike in turbulence and stock losses.
President Trump is moving to fire Federal Reserve Governor Lisa Cook, setting up a dramatic escalation in the president’s battle for more control over the US central bank. Michael McKee explains. (Source: Bloomberg)
One of California’s largest public transit systems is tapping the municipal bond market as it contends with a looming fiscal cliff created by dwindling federal aid and ridership that’s stuck at about half its pre-pandemic level.
A Wisconsin state judge must face criminal charges of interfering with US immigration authorities after a federal judge rejected her claim of immunity.
Irth provides cloud software to help energy, utility and telecommunications providers manage risks.
Soldiers believed the camera was being used by Hamas to monitor their movements, according to an Israeli military inquiry.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Federal Reserve Bank of Richmond President Tom Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year.
Canada’s top stock exchange has had one initial public offering this year. So far, it hasn’t gone well.
Crop prices were mixed Tuesday as traders shored up positions heading into a holiday weekend at the end of the month.
The news was announced on Instagram: “Your English teacher and your gym teacher are getting married.”
Eli Lilly & Co.’s experimental obesity pill helped patients lose 9.6% of their body weight in a trial that moves the company one step closer to a potential approval. It’s the second of two pivotal trials Lilly plans to use to show global health regulators that its drug, called orforglipron, is safe and effective for patients with obesity. The first trial disappointed investors earlier this month who had been expecting higher weight loss and lower rates of side effects. Weight-loss injections from Lilly and rival Novo Nordisk A/S have revolutionized the way obesity is treated, but pills are the key to reaching more patients in the market that’s expected to grow to $95 billion by 2030. So far, however, the science has been a challenge and recent studies have fallen short of investors’ expectations. Bloomberg's Sam Fazeli reports (Source: Bloomberg)
The president’s intensifying assault on central bank independence risks backfiring
Cosmo Pharmaceuticals NV won the backing of European Union regulators for its acne treatment cream, Winlevi, after a surprise initial rejection earlier this year.
A day after the strike killed 20 people, including five journalists, the Israeli military said its initial inquiry found that militants had placed an observation camera in the area. It provided no evidence.
Trump Media said it will partner with Crypto.com, a trading platform for digital assets, to create a new company that will hold CRO tokens.
New England’s grid operator said US President Donald Trump’s decision to stop construction of a wind farm off the coast of Rhode Island undermines the local power supply, threatens the region’s economy and will raise consumer costs.
Journalists endure the same harrowing reality as other Gazans: hunger and the constant threat of death. Those challenges risk further stifling what the world hears about the war.
The administration wants to destroy the agency. Our union won’t stand for it.
Rightwing populist party wants Britain to withdraw from international treaties and conventions to facilitate removals
Rising costs, shifting consumer habits and reputational risks are changing the industry
“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” Cook’s lawyer, Abbe David Lowell, says in a statement. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell says of Trump “We will be filing a lawsuit challenging this illegal action,” Lowell writes Bloomberg Stuart Paul reports. (Source: Bloomberg)
Nayara Energy Ltd, the Europe-sanctioned oil refiner that’s partially owned by Russian giant Rosneft PJSC, appointed a new Chief Executive Officer from a unit of Azerbaijan’s state-run oil company.
EchoStar Corp.’s mega-sale of spectrum licenses to AT&T Inc. sent some of its $25 billion of debt soaring from distressed levels, vindicating bondholders who withstood years of brinkmanship and legal drama with the wireless and pay-TV empire led by billionaire Charlie Ergen.
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
A Frankfurt court has conditionally ordered repayment to a creditor of a major Berlin real estate project, setting aside a debt-restructuring deal approved in the UK last year.
While the technology carries risks, some critics’ alarmism seems excessive.
In the first term, I saw similar threats against Turkey succeed where diplomacy had failed.
The two countries appear to be trying to raise political pressure on each other and send signals to Washington in case peace talks move forward.
Despite encouragement from Trump administration officials, the company behind the controversial Pebble mine in Alaska hasn’t yet submitted a revised proposal that could unblock the stalled copper-gold project.
Volkswagen AG’s Elli division has started to offer energy trading as a service to its customers, expanding a business it opened two years ago.
Think Investments has come out against a take-private of TaskUs Inc. by Blackstone Inc. and the information services company’s management.
France’s bond yields could spike to 100 basis points above their German peers for the first time since 2012 if the nation’s political crisis deepens, according to Carmignac.
For the first time, Russian forces seized villages in the Dnipropetrovsk region, a minor but symbolic gain that gives the Kremlin another bargaining chip.
The Readout is back from its break, but the pattern of summer politics very much continued today: Nigel Farage gave another press conference, setting the news agenda and forcing the government onto Reform talking points.
The judge used the ruling to take President Trump and some of his top aides to task for having repeatedly attacked other judges who have dared to rule against the White House.
The effort will likely face pushback from Israel, which opposed a role for the Palestinian Authority in Gaza.
Cadillac F1 CEO Dan Towriss joined Bloomberg Open Interest to talk about the luxury car's debut at F1 and when he expects the team to become champions. (Source: Bloomberg)
It's the second biggest retailing event of the year – the Back to School Season. And as students sharpen their pencils, parents are shaving their budgets. A new study out from Deloitte shows that spending will decline this year as tariffs start to weigh on prices. Marc Rosen, CEO of Catalyst, who owns brands like Brooks Brothers and Aeropostle, joins Open Interest to discuss how his company is catering to value-seeking customers. (Source: Bloomberg)
It's the second biggest retailing event of the year – the Back to School Season. And as students sharpen their pencils, parents are shaving their budgets. A new study out from Deloitte shows that spending will decline this year as tariffs start to weigh on prices. Marc Rosen, CEO of Catalyst, who owns brands like Brooks Brothers and Aeropostle, joins Open Interest to discuss how his company is catering to value-seeking customers. (Corrected headline to better fit content) (Source: Bloomberg)
Long-dated bonds from the US to France and the UK slumped on Tuesday, extending this year’s selloff that’s been driven by growing investor concerns about inflation and government spending.
David Dindi, Atomic Invest Co-Founder & CEO, says his company plans on working with retirement plan providers to be custodians for underlying private market investments. Atomic recently closed a $30 million financing round. (Source: Bloomberg)
The Fifth District Survey of Manufacturing Activity index for August rose to minus seven from minus 20 in July, said the Federal Reserve Bank of Richmond.
A high-yield municipal bond transaction that would fund the purchase of businesses related to a casino in upstate New York has been delayed, people familiar with the matter said.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The Diplomatic Security Service traditionally focused on protecting diplomats, helping secure overseas missions and managing background checks. Now it is doing beat-cop work.
A crowdsourcing hedge fund backed by the billionaire Paul Tudor Jones looks poised to more than double in size with a big influx of cash from JPMorgan Asset Management.
Central-bank independence is crucial for keeping inflation in check and contributing to people’s wellbeing, according to the new head of the Bank for International Settlements.
France’s finance minister suggested that a cornerstone of the European economy might need help from the International Monetary Fund if a political and debt crisis were not addressed.
Washington prepared to contribute surveillance, command and control and air defence assets, say European officials
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
The Bank of Portugal’s outgoing head, Mario Centeno, will attend the European Central Bank’s interest rate-setting meeting next month.
Venture will be the ‘first and largest publicly traded CRO treasury company’
Bloomberg host and Carlyle Group Co-Chairman & Co-Founder David Rubenstein talks about President Donald Trump trying to fire Federal Reserve Board Governor Lisa Cook. He says this is part of Trump's effort to lower interest rates. Rubenstein expects the Fed to cut rates by 25 basis points in September. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Overproduction in China has led to slashed prices, and buyers on the continent are taking advantage to sharply increase investments in clean energy.
A G.O.P. effort to carve up a Democratic stronghold ignored the will of voters, a judge said. The ruling, which Republicans can appeal, makes the state another battleground in the national fight over redistricting.
In spite of reported crime rates falling, the UK public perceive them to be rising, and therein lies the problem
T. Rowe Price Chair, President & CEO Robert W. Sharps says the firm aims to build a more substantial presence in private market alternatives. He speaks with Carlyle Group Co-Chairman & Co-Founder David Rubenstein on this week’s episode of Bloomberg Wealth. This interview was recorded July 8 in Baltimore, Maryland. (Source: Bloomberg)
The Conference Board’s gauge of sentiment decreased 1.3 points to 97.4 after an upward revision to the prior month. The median estimate in a Bloomberg survey of economists called for a reading of 96.5. Mike McKee reports on “Bloomberg Open Interest.”
T. Rowe Price Chair, President & CEO Robert W. Sharps says he's been surprised at how resilient the US economy has been in the face of relatively tight monetary policy. He speaks with Carlyle Group Co-Chairman & Co-Founder David Rubenstein on this week’s episode of Bloomberg Wealth. This interview was recorded July 8 in Baltimore, Maryland. (Source: Bloomberg)
On the town with the A-Gays of Washington, who have never been happier to be out, proud and Republican.
Paper losses at US banks eased in the second quarter and the bedrock deposit insurance fund’s balance ticked higher, according to a quarterly report by the Federal Deposit Insurance Corp.
Australia’s corporate regulator said it will boost surveillance of private markets as it targets areas of financial services that present the greatest risks.
Torsten Slok, chief economist at Apollo, says the long-end of the yield curve looks “certainly, somewhat worrisome,” as he discusses market reaction to President Donald Trump’s move to fire Federal Reserve Governor Lisa Cook.
US stocks shuffled between small gains and losses on Tuesday, pressured by a rise in bond yields as President Donald Trump’s decision to fire a Federal Reserve governor revived concerns about the central bank’s independence.
For months, the former special counsel has remained silent as the president and his advisers have publicly attacked him.
Eli Lilly & Co.’s experimental obesity pill helped patients lose 9.6% of their body weight in a trial that moves the company one step closer to a potential approval. Damian Garde has more on “Bloomberg Open Interest.”
The sale to the private-equity firm follows a competitive process that attracted interest from several parties.
EchoStar Corp. has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in an all-cash transaction that will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum. Caroline Hyde reports on Bloomberg Television.
The Swiss economy ministry is seeking input from UBS Group AG as it scrambles to get an improved US trade deal, potentially providing the country’s largest lender an avenue for better ties with the government.
Trump Media & Technology Group Corp. and Crypto.com agreed to a deal with blank-check vehicle Yorkville Acquisition Corp. to create a crypto treasury company focused on buying and holding CRO tokens, the native cryptocurrency token of the Cronos ecosystem.
BlackRock Financial Management, Franklin Advisers and Nuveen Asset Management are among investors planning to end a deal that would cut the debt of Puerto Rico’s bankrupt power utility after the Trump administration this month fired all but one member of the board that oversees the island’s finances.
A “Goldilocks summer” is all but over, according to Goldman Sachs Group Inc., and mounting concern about the US economy is yanking markets from their seasonal slumber.
The White House suggested that countries with digital regulations restricting U.S. tech companies could face penalties. The question is whether Europe can stand firm.
Lael Brainard, former Vice Chair of the Federal Reserve, says the independence of the Federal Reserve is under attack with President Donald Trump trying to fire Lisa Cook. Brainard says Cook deserves due process and firing Cook could hurt the economy. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Eldridge Capital Management is pitching a new fund that will take advantage of the ongoing drought in private equity dealmaking, according to people familiar with the matter.
DOGE team members uploaded a database with the personal information of hundreds of millions of Americans to a vulnerable cloud server, according to the agency’s chief data officer.
The telecom giant said that the licenses cover over 400 markets and that the deal will strengthen its low-band and midband spectrum holdings.
The financiers that led a high-profile activist campaign at the New York Times Co. three years ago have now taken a stake in the iconic newspaper company via their new investment firm.
The Turkish wealth fund is in talks with international lenders to explore a potential dollar debt issuance in September, according to people familiar with the matter.
More people are turning to general-purpose chatbots for emotional support. At first, Adam Raine, 16, used ChatGPT for schoolwork, but then he started discussing plans to end his life.
Since A.I. has made the mental effort of writing and problem solving optional, universities need new ways to require the work needed for learning.
Profits split between company’s quantitative traders rose more than 70% from a year earlier
President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. Cook is refusing to quit. Bloomberg's Michael McKee reports on what could be coming next. (Source: Bloomberg)
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, discusses independence of the Federal Reserve as President Donald Trump moves to fire Fed Governor Lisa Cook. His opinions are his own.
The Trump administration is halting wind projects that had been approved, financed and underway — while providing little to no justification.
Suzuki Motor Corp. plans to invest over 700 billion rupees ($8 billion) in India, Chief Executive Officer Toshihiro Suzuki said, underscoring the country’s growing importance for the Japanese automaker as it forays into electric vehicles production.
The central bank does not work properly if a president can bend it to his will
The administration’s moves against offshore projects on the US East Coast heighten the risks for investors.
Supermarkets have to be really sharp on their value proposition, with discounters doing very well and taking a near record market share, according to Bloomberg Intelligence Global Retail Research Analyst Charles Allen. But that doesn't mean the higher-end supermarkets are doing poorly. He spoke with Tom Mackenzie on "Daybreak Europe." (Source: Bloomberg)
Yara International ASA and BASF SE are abandoning a project to develop a low-carbon ammonia production facility on the US Gulf Coast, sending shares of the Oslo-listed fertilizer company higher.
The right pricing strategy can make or break margins on less-than-truckload shipments, especially amid weak demand. In this episode of Bloomberg Intelligence’s Talking Transports podcast, SMC³ President and CEO Andrew Slusher joins BI’s senior transportation and logistics analyst Lee Klaskow to explain how the company’s technology-driven tools help shippers, carriers and brokers make informed decisions on rates, costs, transit times and emissions. They discuss trends in the LTL industry — from d
Colombia’s artisanal miners are helping a Canadian precious metals producer backed by Frank Giustra navigate the country’s illicit gold boom via some unusual agreements.
Good morning. Federal Reserve Governor Lisa Cook vows not to resign, in her ongoing battle with President Trump. The US insists it has leverage over China in trade. And why Leo Messi may have to find a new favorite drink. Listen to the day’s top stories.
Corn held near a one-month high as a top Chinese government negotiator heads to the US, raising the specter of increased demand for American crops should the trade talks prove successful.
Coffee futures slipped for a second day in New York, paring back part of an eight-day advance that some investors viewed as excessive.
We look at a deadly strike — and explore the challenges of reporting from the enclave.
Gap between long-term and short-term borrowing costs is close to its widest for three years
Saudi Arabia-based Advanced Communications and Electronics Systems Co. is weighing a stake sale, people familiar with the matter said, a deal that would give buyers exposure to the kingdom’s growing demand for digital infrastructure services.
PetroChina Co. has proposed buying three natural gas storage companies for 40 billion yuan ($5.6 billion).
Sri Lanka’s former President Ranil Wickremesinghe was released on bail after being held in custody since Aug. 22 on allegations he misused government funds while head of state in 2023.
The Treasury yield curve has steepened after US President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, raising questions about the longer-term picture for rates and inflation. Meanwhile longer-dated yields are also rising in Europe where French political turmoil is weighing on assets across the board. Bloomberg's Morwenna Coniam discusses on "The Pulse with Francine Lacqua." (Source: Bloomberg)
Peter Tchir, head of macro strategy at Academy Securities, expects to see “a little more done to control the long end of the yield curve this time,” as markets prepare for a potential rate cut from the Federal Reserve at the September meeting.
A new mansion in Hong Kong sold for HK$1.09 billion ($140 million), the most expensive home sale in the financial hub this year.
BNP Paribas SA has hired Huatai Securities Co.’s Doris Jiang to lead Chinese equity capital market deals for the French bank, according to people familiar with the matter.
Apple Inc.’s stock is showing signs of life after struggling through most of 2025, as the tariff-related risks that have weighed on the company start to ease.
Results from US pharma group show oral drug reduced body weight by 10.5% on average
Nongfu Spring Co.’s first-half profit climbed to the highest levels since at least 2019, showing signs of recovery following a period of negative publicity that weighed on the Chinese bottled water giant’s reputation.
The firebombing of a synagogue was among incidents linked by officials to Iran’s Islamic Revolutionary Guard Corps.
Trump’s pressure on Fed, signs of slowing growth point to drop in 2-year yields.
Credit spreads may be seeing record tightness, with the asset class remaining 3 times less volatile than government bonds. But if you look at second order measures, like volatility and dispersions, they're starting to point to risks in the market, according to Bloomberg Intelligence's Global Head of Credit Strategy Mahesh Bhimalingham. He says they're beginning to show warning signs from Federal Reserve policy and the war in Ukraine, despite relentless spread tightening. He spoke with Tom Mackenzie on "Daybreak Europe." (Source: Bloomberg)
Donald Trump moved to oust Fed Governor Lisa Cook following allegations that she falsified mortgage documents. In a letter posted on Truth Social Monday, Trump said he had “sufficient cause” to fire Cook, the first Black woman to serve on the Fed Board in Washington, based on the allegations she made false statements on one or more mortgage loans. In France, Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as next month, prompting a selloff in French assets as investors hedged for more political uncertainty. The far-right National Rally party, the leftist France Unbowed and the Greens all said they would vote against the Sept. 8 motion while the Socialists said they wouldn’t back the government. Today's guests: Christian Mueller-Glissmann, Goldman Sachs Head of Asset Allocation Research, Tina Fordham, Fordham Global Foresight Geopolitical Strategist and Founder (Source: Bloomberg)
The asset class has shifted to late-stage lending as companies remain private for longer.
Military presence on Mount Hermon necessary ‘to protect’ towns and villages despite US-mediated talks, according to Israel Katz
Financial markets were now recognizing the looming challenges for the EU’s second-largest economy and the CAC index shed around 2% in morning exchanges.
China is sending Vice Commerce Minister Li Chenggang to the US this week to meet with US officials and business people, in a signal that talks are progressing after President Donald Trump extended a tariff truce earlier this month. Brendan Murray reports on Bloomberg Television.
US President Donald Trump vowed to impose fresh tariffs and export restrictions on advanced technology and semiconductors as retaliation against other nations’ digital services taxes impacting American technology companies. Brendan Murray reports on Bloomberg Television. (Source: Bloomberg)
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Ping An Insurance (Group) Co.‘s profit fell 8.8% in the first half as investment returns were dented by stock market volatility and lower interest rates during China’s economic slowdown.
Though social media often paint a bleak picture of the UK’s economic outlook, the reality is more nuanced. Data have improved over the summer while the backdrop of a fragile fiscal picture comes in and out of focus for the gilt market. In this episode of the All Options Considered podcast, BI Chief Global Derivatives Strategist Tanvir Sandhu speaks with Dan Hanson, chief UK economist at Bloomberg Economics, about the true state of the economy, the drivers of bond market volatility and the fiscal
Plus, a Hitchcock star re-emerges.
A TikTok trend has brides and bridal parties sending hundreds of emails asking for free items for their bachelorette parties. While some say it’s a great way to promote their brands, other brands want to stop.
Agco doesn’t have enough U.S. sales to justify moving more production out of Europe, CFO says.
Volatile geopolitics have sent demand for LeoLabs’ radar and analytics skyrocketing, paving the way for a possible Series C.
EssilorLuxottica SA, the maker of Ray-Ban sunglasses, is exploring a potential deal to increase its stake in Japanese optical equipment manufacturer Nikon Corp., people with knowledge of the matter said.
At the White House, President Trump and Lee Jae Myung praised each other’s eagerness to talk to North Korea’s leader — even if he doesn’t want to talk to them.
Data show that tariffs have been slow to boost domestic prices and arrest a decline in U.S. steel consumption.
The bank is growing its card business fast, tapping its unique advantages.
Young workers face rising AI competition in fields like software development, but some also benefit from AI as a helper, new research shows.
The president’s intention to fire Fed governor Lisa Cook could give him sway over the central bank’s rate-setting power.
As investors fret over signs of a slowing economy and lofty stock-market valuations, they are getting a bit of reassurance from Corporate America.
The largest wealth fund in the world will also sell its holdings in five Israeli banks.
South Africa’s top court dismissed a request by the family of former Zambian President Edgar Lungu to overturn a lower court’s decision that he should be buried in his home country.
A “Goldilocks summer” is all but over, according to Goldman Sachs Group Inc., and mounting concern about the US economy is yanking markets from their seasonal slumber.
Donald Trump moved to oust Federal Reserve Governor Lisa Cook following allegations that she falsified mortgage documents, a dramatic escalation in the president's battle to exert more control over the US central bank. In a letter posted on Truth Social Monday, Trump said he had "sufficient cause" to fire Cook based on the allegations she made false statements on one or more mortgage loans. Cook said Trump has no authority to fire her, and she won't quit. Cook's lawyer, Abbe Lowell, said they plan to take "whatever actions are needed to prevent" Trump's "illegal action." Bloomberg's Kriti Gupta joins Stephen Carroll and Anna Edwards with the details. (Source: Bloomberg)
The country’s security cabinet is to meet for the first time since Hamas agreed to a new cease-fire proposal, officials said, as rallies spread to demand action to free captives.
Claims that President Trump will direct Japanese investment highlight how trade frictions are mounting even with countries that have reached trade deals with the United States.
Chinese beauty products maker Proya Cosmetics Co.’s half-year revenue missed analysts’ estimates amid growing competition and weaker consumer demand.
Three European powers will meet with an Iranian minister to try to reopen negotiations over Iran’s nuclear activities and avoid reimposing harsh sanctions.
The Trump administration is halting wind projects that had been approved, financed and underway while providing little to no justification.
Threatened by the president with political retribution, Republicans agreed to defund public broadcasting, imperiling a lifeline of communication in rural Alaska.
The chefs at Diane’s Place and Vinai serve as guardians and interpreters of their foodways.
The cherry-blossom-pink vodka concoction is entering its 18th year as the event’s signature drink. And it’s still a cash cow.
The question of whether to send soldiers to a postwar Ukraine is the latest chapter in an evolving relationship between Germans and their military.
Many of Southern California’s plants and animals evolved with fire as part of their life cycles. Can they weather the worsening fires to come?
Districts aiming to hire Black teachers, add Black history classes and talk about white privilege are increasingly under scrutiny, raising questions about what is legal, and also what works.
The jarring juxtapositions in Richard Misrach’s photographs of New Orleans whiplash the viewer between bleak slapstick and horror.
PetroChina Co.’s profit fell from a record in the first half as crude prices dropped and domestic oil demand flat-lined.
Ugandan conglomerate Madhvani Group is in talks with Cerberus Capital Management LP for a private credit loan of about $190 million to fund its acquisition of distressed Indian glass bottle maker Hindustan National Glass & Industries Ltd, according to people familiar with the matter.
French companies with limited exposure to the domestic economy are looking to raise new funds in the bond market just as the country’s political risk is heating up.
Investors warn government is likely to lose a snap confidence vote on September 8
Brevan Howard Asset Management is set to hand a minority stake to Abu Dhabi’s Lunate in a milestone agreement for the macro-trading firm that turned the emirate into its biggest risk center in just a year after setting up a local office.
A ban by the United Arab Emirates on port access for cargoes from Sudan has started to impact oil flows, with at least one crude-laden vessel unable to call, potentially forcing it to offload in Singapore.
Kiran Ganesh of UBS Global Wealth Management says "political risk isn't really priced in at this point, so investors should prepare in the shorter term for some increased volatility." Ganesh discusses uncertainty around France's government and US Fed policy in an interview on Bloomberg Television. (Source: Bloomberg)
Though she’s almost always in the headlines, recently it hasn’t been for the usual reasons. On this special episode of The Circuit, we reveal her next chapter.
Meghan, the Duchess of Sussex, opens up in a wide-ranging interview with Emily Chang about life beyond the royal spotlight and her latest ventures in business and entertainment. (Source: Bloomberg)
The annual Jackson Hole symposium is, formally speaking, an academic conference. Economists and central bankers gather to discuss the most important, cutting edge ideas in monetary policy. But there was certainly a different feel this year because of the relentless attacks on Fed Chairman Jerome Powell coming from President Trump. The whole premise of central bank independence is becoming a live question again. And without central bank independence, almost all of the more academic discussions fe
Switzerland’s manufacturing sector is mired in a recession that’s likely to get worse because of the 39% tariffs the US unexpectedly imposed on the country.
Cook says president has no authority to fire her and she won't resign
Ignis Therapeutics, a Chinese biotech firm backed by Abu Dhabi sovereign wealth fund Mubadala Investment Co., is considering a Hong Kong initial public offering, according to people familiar with the matter.
Rightwing party prepares to unveil radical plans to detain and expel tens of thousands of migrants
Anna Edwards, Guy Johnson, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Carlyle Group Inc. has agreed to acquire Invesco Ltd.-backed software maker intelliflo for as much as $200 million.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, President Trump moves to oust Federal Reserve Governor Lisa Cook following allegations that she falsified mortgage documents, a dramatic escalation in the president’s battle to exert more control over the US central bank. Cook says Trump has no authority to fire her, and she won’t quit. Plus, French Prime Minister Francois Bayrou calls a confidence vote over his budget proposals. (Source: Bloomberg)
French stocks fell on Tuesday as political uncertainty ratcheted up following Prime Minister Francois Bayrou’s plan to call a confidence vote.
Norway’s $2 trillion sovereign wealth fund excluded heavy-equipment maker Caterpillar Inc. based on Israel’s use of its bulldozers to destroy Palestinian property in Gaza and the West Bank.
Nikkei Inc. and the Asahi Shimbun Co. sued artificial-intelligence startup Perplexity AI Inc. for copyright infringement, joining other news organizations in Japan and the US that are challenging the use of their content in AI tools.
With its mission up for renewal, the U.N. force is under pressure to disband even as Israeli airstrikes continue along one of the world’s most volatile borders.
Hundreds of sensors placed throughout New York City measure water as it rises, then send the data to an interactive map available to the public.
A group of multi-billion dollar businesses could help stage a comeback for Europe’s market for initial public offerings this fall, compensating for the region’s slowest first half in more than a decade.
French assets sold off for a second day as Prime Minister Francois Bayrou’s decision to call a confidence vote in his own government continued to ripple through markets.
A boom in travel in India meant pilots were often hitting the maximum hours allowed to fly, sometimes with insufficient rest.
Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as next month, prompting a selloff in French assets as investors hedged for more political uncertainty. Bloomberg's Caroline Connan reports. (Source: Bloomberg)
British American Tobacco Plc’s chief financial officer, Soraya Benchikh, is stepping down with immediate effect after a little more than a year in the role.
A new report from PWC says China's M&A transaction value surged 45% in the first half of 2025, led by an increase in domestic strategic deals. The company's M&A Advisory Partner Thomas Crasti says the market is expected to become more active in the next half of the year, thanks to a rebound in capital market sentiment. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)
Fortescue’s full-year profit fell 41% on lower prices for its iron ore, as Chinese demand for the steelmaking ingredient weakens amid its protracted property-sector slowdown. CEO Dino Otranto, however, says the miner is confident that China's long-term growth prospects would help maintain sales. He speaks on “Bloomberg: The China Show.” (Source: Bloomberg)
Eric Wong, CIO of hedge fund Stillpoint Investments, explains why he thinks Labubus could be more than just a fad, saying the country’s new consumption trend is now a major part of his concentrated China-focused portfolio. He speaks with David Ingles and Yvonne Man on "Bloomberg: The China Show." (Source: Bloomberg)
Orsted A/S executives plan to reassure shareholders Tuesday after the Trump administration’s decision to halt one of the company’s two wind-power projects in the US raised questions about the viability of its proposed $9.4 billion stock sale.
Refiners in India, among the largest buyers of Russian crude, are planning to trim their purchases in the coming weeks, a modest concession to Washington’s hawks less than a day ahead of a hike in US tariffs, but also a signal that the country has no plans to sever ties with Moscow.
Good morning. France’s government faces another confidence vote. Donald Trump moves to fire Federal Reserve Governor Lisa Cook. And drug kingpin El Mayo faces life in prison and forfeits $15 billion. Listen to the day’s top stories.
TPG Inc.-backed SK Finance Ltd. has shelved plans for an initial public offering in India after the company failed to draw enough investor demand for the deal to go ahead, according to people familiar with the matter.
A French bond selloff driven by the risk of the government’s collapse is being seen by some Japanese investors as a buying opportunity.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
The national broadcaster reported that at least two police officers had been killed in a rural town north of Melbourne. The police declined to comment.
President’s attempt to fire governor Lisa Cook risks undermining central bank’s independence
A rally that put stocks on the brink of all-time highs sputtered and bond yields rose as euphoria around Federal Reserve rate cuts eased just days ahead of a key inflation reading. While Jerome Powell on Friday signaled a September rate cut is likely amid downside risks to the jobs market, doubts over the pace of those reductions lingered on Wall Street. In addition to officials remaining divided, traders are bracing for a not-so-friendly price reading later this week. Jennifer Lee, Senior Economist and Managing Director, Economics with BMO Capital Markets, discusses her takeaways from from last week's Jackson Hole Economic Symposium, and the continued uncertainty surrounding US trade policy. Jennifer speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. (Source: Bloomberg)
When Indian Prime Minister Narendra Modi stood on the ramparts of the 17th century Red Fort in New Delhi and announced a cut to consumption taxes, he took many of his own officials by surprise.
Brazil, India and other emerging countries are hedging their bets against the United States.
But there are tipping points, and firing Lisa Cook threatens to wobble them.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Ms. Cook said that she would not resign from the board of governors, hours after President Trump announced he was firing her.
Japan’s immigration agency plans to tighten the rules for granting business manager visas as the program has increased in popularity.
Nomura Holdings Inc. plans to start requiring employees in Japan to spend the equivalent of two days a week in the office — double the current rate — as the country’s largest brokerage moves closer to the post-pandemic norm for many global banks.
Also, a knockoff Starbucks in North Korea.
President Donald Trump moved to oust Federal Reserve Governor Lisa Cook following allegations from a White House ally that she falsified mortgage documents, a dramatic escalation in his battle to exert more control over the US central bank. Cook later said Trump has no authority to fire her, and she won’t quit. Bloomberg's Paul Allen hosts a panel on Insight With Haslinda Amin to discuss the latest developments. (Source: Bloomberg)
The government abruptly severed diplomatic ties and ejected Iran’s ambassador, saying the country had orchestrated attacks in Sydney and Melbourne last year.
The government abruptly severed diplomatic ties and ejected Iran’s ambassador, saying the country had orchestrated attacks in Sydney and Melbourne last year.
Japan’s financial regulator plans to set up a division to oversee the asset management and insurance industries, as part of its efforts to drive improvements in the sectors.
China’s economic slowdown has fallen especially hard on older migrant workers, who often don’t have the technical skills that employers are seeking.
Chipmaker has surged by more than 30% this year, helping propel the broader market to new highs
Among the recent public letters was one from dozens of Orthodox rabbis demanding “moral clarity” to what they called a humanitarian crisis.
If we don’t watch our manners with machines we may forget to treat people with respect, too
The Netherlands serves as a case study for the advantages and trade-offs of reduced hours in the workplace
An EU-US trade deal gave businesses in Europe some clarity on tariffs, but the new normal is still unpredictable and expensive
Austrian group cites poor liquidity and exit of other companies from London Stock Exchange
Asset managers aim for new business as UK government pushes fewer, bigger schemes with better governance structures
They are threatening smaller parts companies that are key to manufacturing and employ hundreds of thousands in Japan, South Korea and Germany.
Over the past two decades, Bengaluru has seen explosive growth in its tech sector. But the city’s infrastructure is not keeping up with the expansion
Hungary’s central bank is set to maintain the European Union’s highest borrowing cost for an 11th consecutive month, with policymakers prioritizing currency stability to the potential risk of premature monetary easing.
Emerging market currencies are falling for a sixth straight day, as strong US manufacturing data, combined with fresh hawkish signals from the Fed, weigh on expectations for rate cuts. Zahabia Gupta, Managing Director and Head of Emerging Markets Credit Research at S&P Global Ratings spoke to Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa. (Source: Bloomberg)
US President Donald Trump threatened to impose fresh tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations’ digital services taxes that hit American tech companies. Polka Mishra of Javelin Wealth Management talks about the potential impact on tech or AI stocks and broader markets. (Source: Bloomberg)
President Trump told Lisa Cook that he had found sufficient cause “to remove you from your position.” Ms. Cook and her lawyer said they would fight the firing.
Australia's stock market has been breaking records, but companies missing earnings expectations are facing swift and brutal sell-offs. Elfreda Jonker of Alphinity Investment Management joins 'Bloomberg: The Asia Trade' to break down the rally and what investors should brace for next. (Source: Bloomberg)
China has more than quadrupled its exports of steel in semi-finished form so far this year, adding to an unprecedented flood of the metal even after a wave of trade actions.
President claims other countries’ digital levies hurt American companies while ignoring China
A court-appointed adviser said a revised bid filed by Amber Energy, an affiliate of Elliott Investment Management, topped Gold Reserve’s offer in the latest bidding round to purchase the parent company of Citgo Petroleum Corp.
The brief ground stop at Sky Harbor International Airport was lifted on Monday evening, but delays were expected as operations resumed.
A shrine to the maligned marine invertebrate in the heart of Kyiv went from a joke to a big draw.
The late Sen. John McCain once called Russia “a gas station with nukes.” Now, because of Ukrainian attacks, it must ration fuel.
Scavenging, starvation and stampedes: Gazans describe the day-to-day effort to stay alive.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Taiwan’s interest-rate swaps are rising to levels that show traders are reducing monetary easing bets, as the economy defies headwinds from US tariffs.
Chow Tai Fook Jewellery Group Ltd.’s first major fundraising since its 2011 listing has turned the Hong Kong jeweler into one of the city’s most-shorted stocks.
The dollar softened slightly as President Trump’s dismissal of Federal Reserve governor Lisa Cook put the question of central bank independence back on the radar for markets.
Indonesia’s newly established sovereign wealth fund has sounded out investors on a plan to raise 50 trillion rupiah ($3.1 billion) by selling so-called patriot bonds at below-market yields, people familiar with the matter said.
UBS Global Wealth Chief Investment Officer (South Asia Pacific) Kelvin Tay comments on US President Trump's move to fire the Fed's Lisa Cook. It wasn’t immediately clear whether Cook intended to challenge the dismissal in the courts. (Source: Bloomberg)
Taiwan’s postal service has suspended deliveries of small parcels bound for the US, effective from Tuesday, following the Trump administration’s decision to halt the “de minimis” duty exemption for low-value goods.
One of India’s most prominent long-bond bulls has slashed his holdings, reflecting the recent change in sentiment after doubling down on the securities just last year.
Australia’s central bank board expects to lower interest rates further over the coming year to meet its policy objectives, with the pace of decline likely to hinge on economic data, minutes of its Aug. 11-12 meeting showed.
Chinese solar manufacturers are still heavily in the red, but investors are beginning to detect signs of progress in their battle against overcapacity.
The Supreme Court has indicated that there are distinctive reasons to shield the Federal Reserve from political interference.
Kellogg’s buyer weighs RFK Jr.’s attack on artificial dye and processed food. The ‘Food Babe’ targets the CEO.
Priced at $4 a cup, less than Häagen-Dazs, Mr. Wild Man’s made-in-the-store gelato has shot ahead of its General Mills-owned rival in the past two years.
Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to people familiar with the matter.
Hyundai Motor Group will increase its investments in the US to $26 billion through 2028, as it seeks to expand autos, steel and robotics production, underscoring the South Korean conglomerate’s deepening economic ties with Washington.
George Herman Ruth, a Tennessee man with the same full name as the Yankees slugger, used the names of retired and dead players to file fraudulent class-action settlement claims, prosecutors said.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Mary Lovely, Peterson Institute for International Economics Senior Fellow, discusses her takeaways from President Trump meeting with South Korean President Lee Jae Myung. Rep. Robin Kelly (D) Illinois shares why Chicago does not need the National Guard, and Nancy Tengler, Laffer Tengler Investments CEO & CIO, talks about President Trump taking equity stake in Intel and the impacts of his tariffs. (Source: Bloomberg)
Nissan Motor Co. shares fell after news the Mercedes-Benz Pension Trust plans to offload its stock in the troubled Japanese automaker.
Relatives of Virginia Roberts Giuffre, who died earlier this year, contend that the book underplays the abuse she suffered at the hands of her husband.
After meeting with South Korean President Lee Jae Myung, US President Trump said a 15% tariff on South Korean goods will remain unchanged, even as the two leaders expressed optimism for cooperation on North Korea and shipbuilding. (Source: Bloomberg)
The dollar weakened against every major peer after President Donald Trump moved to oust Federal Reserve Governor Lisa Cook from her post, denting sentiment toward the world’s reserve currency.
The American Iron and Steel Institute has asked the White House to intervene in a $500 million deal in Brazil that could hand China greater control over global nickel reserves.
Gold rose after US President Donald Trump moved to remove Federal Reserve Governor Lisa Cook with immediate effect.
US housing regulator accused official of mortgage irregularities in escalating attack on US central bank
Li Chenggang is expected to come to Washington this week in a sign that the U.S. and China seek to establish regular dialogue.
President Trump is using crime as a political weapon, proclaiming quick-fix solutions to deeply rooted challenges in cities led by Democrats.
It is highly unusual for prosecutors to fail even once to obtain an indictment from a grand jury given the way the process is stacked in favor of the government.
Strong evidence suggests that following the diet, cutting calories and exercising lowers the chances of developing diabetes for those with metabolic risk factors.
Stephen Nakagawa, a former dancer with the Washington Ballet, wrote a letter to the leader of the arts center complaining about “radical leftist ideologies in ballet.”
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 Principal Asset Management’s Kamal Bhatia, Yale Budget Lab’s Natasha Sarin, Barclays’ Adrienne Yih, US Defined’s Deb Boyden, Interactive Brokers’ Steve Sonick, Constellation Research’s Ray Wang, New York Life Investment’s Lauren Goodwin, Sodexo Live! North America’s Belinda Oakley, Reserve Padel’s Wayne Boich. (Source: Bloomberg)
Representative James E. Comer of Kentucky demanded financial records, video recordings and information on meetings with famous people.
Oil steadied after a four-day advance as investors waited for clearer signals on supplies, with the US poised to double a tariff on all Indian imports to penalize the country for buying Russian crude.
Iris Capital Partners, an investment firm backed by the heir to a Malaysian fortune, is seeking to raise $200 million from institutional investors, the latest family wealth vehicle to open up to outside capital.
Resolution Foundation’s analysis highlights a rapid weakening of the jobs market
Britons looking for their first jobs face the worst hiring drought since the depths of the Covid pandemic, as the rise in artificial intelligence and higher employment costs distort career opportunities.
Indian equities are likely to extend a rare underperformance to their emerging-market peers as trade tensions with the US show few signs of abating.
Red flags are emerging in China’s onshore stocks, following a surprise rally mostly driven by liquidity rather than improved economic fundamentals.
Belinda Oakley, Sodexo Live! North America CEO, says the line between high-end and general admission experiences at events has blurred. She tells Romaine Bostick and Katie Greifeld on “The Close” that the company now focuses on creating unique experiences for more than 50,000 fans. (Source: Bloomberg)
Wayne Boich, Founder and CEO of Reserve Padel, says padel in the U.S. owes thanks to pickleball for paving the way. He tells Romaine Bostick and Katie Greifeld on “The Close” that padel is easy to pick up and brings a strong sense of community on the court. (Source: Bloomberg)
Banco Santander SA is leading a roughly $2.7 billion debt deal to support Thoma Bravo’s acquisition of customer-service automation business Verint Systems Inc., according to people with knowledge of the matter.
Divestment marks first time fund has sold out of a non-Israeli company because of role in Palestinian territories
Natasha Sarin, president and co-founder of The Yale Budget Lab, says “it’s too early to tell” if the U.S. would be in recession without AI. She tells Romaine Bostick and Katie Greifeld on “The Close” that the key question is whether AI acts as a complement or substitute. Sarin adds her team has data on how exposed occupations are to AI but lacks the capacity to map that exposure to actual employment figures. (Source: Bloomberg)
Rep. Robin Kelly (D) Illinois states that Chicago does not need the national guard to keep streets safe, but gun violence intervention funding that she states President Trump clawed back. She also talks about how crime in Chicago has actually gone down, the strict gun laws Illinois has, and her thoughts on the President aiming to end cashless bail. Rep. Kelly speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Good morning, it’s Angus here in Sydney. Here’s what you need to know on this Tuesday morning.Today’s must-reads:• Reece’s US outlook unnerves investors• Pilbara Minerals talks up lithium• US stocks rally sputters
The Illinois governor pointed out that eight of the 10 states with the highest homicide rates are led by Republicans.
Retail trading platform Interactive Brokers Group Inc. will be added to the S&P 500 index later this week, replacing Walgreens Boots Alliance Inc. on the closely watched gauge of US stocks.
Argentine authorities are stepping up scrutiny of investor activity in repo loans, the short-term financial instruments that have seen interest rates touch record highs amid a liquidity crunch at the nation’s banks.
President Donald Trump and South Korean President Lee Jae Myung on Monday expressed optimism for close cooperation on North Korea, collective security and shipbuilding, yet the deal setting a 15% tariff on South Korean goods will remain unchanged, according to the US president. Trump also separately signed a pair of executive orders aiming to end cashless bail in Washington and pressure other cities to also eliminate the practice. Bloomberg News White House Reporter Skylar Woodhouse joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Fortescue Ltd.’s full-year profit fell 41% on lower prices for its iron ore, as demand from China plateaus amid its protracted property slowdown and an oversupply of steel.
Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts.
Mary Lovely, Peterson Institute for International Economics Senior Fellow, discusses her takeaways from President Trump meeting with South Korean President Lee Jae Myung. She talks about South Korea wanting to invest in US ship building and how China may feel about that, whether or not a trilateral meeting between the US, China, & North Korea is possible, and lastly President Trump's 200 percent tariff on China. Mary Lovely speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
On today’s Big Take podcast, the consequences of closing a loophole on imports under $800.
Once rare, seven-year car loans are fast becoming the norm. They’re often the only way buyers can afford new rides, with average sale prices surging 28% in five years to approach $50,000. Compared to a five-year loan, they can make the difference between a $1,000 monthly payment and a $780 one. Some buyers are even going for eight-year loans, although they’re still a tiny fraction of the market. But they come with steep downsides for buyers and dealers alike. A long-term loan means the buyer builds equity in the car more slowly, so they may delay replacing the car, a problem for dealers who need repeat customers. And when drivers do trade in, they’re more likely to find themselves “upside down” — owing more on the loan than the car is now worth. Bloomberg News Auto Reporter Keith Naughton joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Shares in Wayfair, RH and Williams-Sonoma fell Monday. The White House clarifies that the furniture import probe has been ongoing since March.
Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers. Musk’s X and xAI seek billions of dollars in damages in the suit filed Monday in federal court in Fort Worth, Texas, arguing that Apple’s decision to integrate OpenAI into the iPhone’s operating system inhibits rivalry and innovation within the AI industry and harms consumers by depriving them of choice. The billionaire founder of xAI Holdings, which now houses the Grok AI team and X social network, said Apple makes it impossible for anyone other than OpenAI’s ChatGPT to reach the top of the App Store charts, a sought-after global spotlight for app developers. Bloomberg News Legal Reporter Madlin Mekelburg joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Also, heat waves could be making you age faster. Here’s the latest at the end of Monday.
French dairy giant Lactalis will pay more for Fonterra Cooperative Group’s consumer business after the New Zealand firm settled a dispute with Australia’s Bega Cheese Ltd.
Germany’s Friedrich Merz says the current welfare state isn’t affordable.
He says Biden wouldn’t let Ukraine fight back. Will he do better?
Good morning. The leaders of South Korea and the US strike a confident tone. Buyers are taking out longer loans to pay for their cars. And hackers linked with China hit diplomats in Southeast Asia. Listen to the day’s top stories.
Beijing fears dependency on American technology. Companies will find ways around the mandates.
‘Just when you thought it was safe to go back on TikTok, viral Gavin Newsom memes are taking over social media.’
(Updates for postmarket share move, adds Talen Energy.)
In overseeing the expansion of the Islamic art galleries at the Metropolitan Museum, she countered hostile narratives about the Muslim world that arose after 9/11.
The former vice president has been raising the funds to pay all of those expenses and to keep the party whole financially. But small donors making those contributions have been left in the dark.
Also, visiting a knockoff Starbucks in North Korea.
Elon Musk’s company is trying again to overcome setbacks faced by its Starship prototype after a Sunday night scrub of a test flight.
Listen for the latest from Bloomberg News
Electric bills are rising at twice the rate of inflation, largely thanks to demand from AI data centers. Bloomberg Opinion columnist Liam Denning explains why and what could be done to stop it. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kate Greifeld, Norah Mulinda and Tim Stenovec. (Source: Bloomberg)
The president said he hoped to “get as much as I can,” signaling a shift in the relationship between government and private business.
Israel is well on its way to making itself a pariah state — to the point that Israelis will think twice about speaking Hebrew when traveling abroad.
The blue-chip index fell 0.8%, weighed down by falling shares of Merck and Amgen.
In the Oval Office, President Trump met his South Korean counterpart as the relationship between their countries has been strained.
Ralf Reichert, Esports World Cup CEO, details how he hopes the introduction of the Esports National Cup can help to take the tournament mainstream. He joins Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
An executive order released on Monday directs the creation of specialized Guard units to quell civil disturbances in each state and seeks civilian volunteers to assist federal agents in Washington.
Prime Minister François Bayrou called a parliamentary session to address the “gravity” of the situation. An analyst said his move was “political suicide,” as some opponents vowed to bring down the government.
A bipartisan pair of members of Congress made the first official U.S. visit there since the fall of the Assad government, arguing that it was time to permanently lift American sanctions.
Brent Thill of Jefferies says Palantir is performing well but any sign of a deceleration would cause concern for its multiples. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Florida law enforcement will begin asking commercial truck drivers about their immigration status during inspections at highway weigh stations after a turnpike crash killed three people earlier this month.
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Norah Mulinda discuss President Donald Trump stating that deal with Intel will make US $11 billion during his meeting with South Korea President Lee Jae Myung. Bloomberg's Ian King digs in on the deal. Also on today's show, BMO Capital Markets Senior Economist Jennifer Lee weighs in on the investment backdrop as Wall Street's rally stalls with Fed-cut euphoria fading. Pittsburgh International Airport Chief Executive Officer Christina Cassotis discusses the Labor Day weekend travel rush, and Walton Global Executive Vice President of Capital Markets Katie Hubbard diagnoses the state of the US housing market. (Source: Bloomberg)
Touton SA, a French trader of cocoa, coffee and spices with roots tracing back to 1848, is in exclusive negotiations to be acquired by Hartree Partners LP, both companies said in a statement Monday.
Intel and US Steel deals leave Republican party’s free-market establishment aghast
President Donald Trump called for Israel to end its war with Hamas soon. “It’s got to get over with because, between the hunger and all of the other problems — worse than hunger, death, pure death — people being killed,” Trump said in the Oval Office. He says too many people are suffering in the Gaza Strip and he expects a "conclusive ending" in two to three weeks. (Source: Bloomberg)
Keurig Dr Pepper Inc. is considering selling debt in the European bond market to finance part of its $18.4 billion purchase of JDE Peet’s NV.
Christina Cassotis, CEO of Pittsburgh International Airport, breaks down the air travel traffic she's seeing right now and how the airport is exploring ways to diversify revenue streams as it prepares to open a new terminal. (Source: Bloomberg)
The market for securities backed by various digital infrastructure — including data centers — could grow about 46% by the end of next year to roughly $115 billion, according to Bank of America.
The Trump administration is working to halt development of an offshore wind project planned near Maryland, in the latest escalation of the White House’s war on the clean energy source loathed by the president.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: New Century Advisors Chief Economist Claudia Sahm, Bloomberg's Michelle Davis and Julie Johnsson. (Source: Bloomberg)
Liza Tobin, Managing Director of Garnaut Global discusses the state of global tariffs as President Donald Trump is set to meet with the South Korean President. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Erin Browne, Managing Director and Portfolio Manager at Pimco, says AI has come under pressure but eyes remain focused on Nvidia earnings to gauge the health of the sector. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg's Ian King breaks down the new deal between chipmaker Intel and the Trump administration and what hangs in the balance as Nvidia prepares to report earnings. (Source: Bloomberg)
President Donald Trump says Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskiy should meet on their own before he joins them to "close the deal" and end their war. Trump says there's tremendous dislike between the two men and "it takes two to tango." Trump speaks in the Oval Office. (Source: Bloomberg)
Christopher Smart, founder of the Arbroath Group and former Obama administration official, discusses the market reaction to Fed chair Jerome Powell and how he expects the Fed to act on future economic indicators. (Source: Bloomberg)
The genome of a small, remarkable sea horse offers a surprising lesson in nature’s creativity.
An outage at the largest inland US refinery has raised gasoline prices in the Midwest ahead of the Labor Day holiday, the final major travel weekend of the country’s peak driving season.
REX Financial CEO Greg King discusses Staking ETFs, how Solana is the story of stablecoin's future and the rapid growth of crypto ETF assets with Katie Greifeld and Eric Balchunas on 'ETF IQ.' (Source: Bloomberg)
BNY Investments Head of ETF Solutions Matt Camuso discusses the growth of active ETFs, how they do not follow trends when bringing products out and the demand for BNY zero-fee ETFs. He speaks with Katie Greifeld and Eric Balchunas on 'ETF IQ.' (Source: Bloomberg)
With its mission up for renewal, the U.N. force is under pressure to disband even as Israeli airstrikes continue along one of the world’s most volatile borders.
The deadliest weapons ever manufactured are becoming a regular feature of Europe’s nearly $9 trillion ESG fund industry, as a label long associated with ethical investing gets stretched to accommodate the geopolitical moment. Bloomberg's Shaheen Contractor has more on the story. (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the Oval Office meeting between President Donald Trump and South Korea President Lee Jae Myung. On today's show, Utah Republican Governor Spencer Cox and TerraPower Chief Executive Officer Chris Levesque. (Source: Bloomberg)
Federal Reserve Bank of Dallas President Lorie Logan said money markets could face temporary pressures around quarter-end next month, though the US central bank still has room to continue reducing its balance sheet.
A G.O.P. request for information and interviews comes amid Trump administration claims that crime in the capital is worse than it appears.
President Donald Trump says the US paid zero for its 10% stake in Intel, even though the deal is worth about $11 billion. The government will be a passive owner, with no board seat or other governance or information rights, Intel said. Bloomberg's Mike Shepard reports. (Source: Bloomberg)
President Donald Trump and South Korean President Lee Jae Myung expressed optimism for close cooperation on North Korea, national security and shipbuilding, though the US leader downplayed the chances for further concessions on Seoul’s tariff deal. “We can do big progress with North Korea,” Trump said at the White House on Monday alongside Lee. The South Korean leader launched a charm offensive on Trump, praising the gold finishes he added to the Oval Office and his peacekeeping efforts, and asked him to focus on ending tensions on the Korean peninusla. Lee even suggested that Trump could construct an eponymous tower in North Korea if peace is made. (Source: Bloomberg)
Negotiations between Boeing and striking defense workers are set to resume, marking the first formal talks in three weeks. The walk out has affected more than 3200 hourly workers at key St. Louis plants, as both sides remain at odds over pay and benefits. Bloomberg’s Julie Johnsson reports. (Source: Bloomberg)
Utah Governor Spencer Cox and Chris Levesque, president and CEO of TerraPower said cooperation between the state and the nuclear energy industry is an essential to meet growing power demands. This landmark agreement establishes a non-binding framework for cooperation among the three parties and supports Gov. Cox’s Operation Gigawatt, a strategic effort to build an energy ecosystem that serves Utah and the Western U.S. Under the agreement, OED, TerraPower, and Flagship will jointly identify and assess sites for a potential advanced nuclear plant, with the goal of establishing preliminary site recommendations by the end of 2025. Site selection will be based on an evaluation of a variety of factors including community support, the physical characteristics of the site, the ability of the site to obtain a license from the U.S. Nuclear Regulatory Commission, and access to existing infrastructure. (Source: Bloomberg)
Ismael Zambada García will spend life in prison. He had been charged with running a criminal network that sold cocaine, heroin and other illegal drugs.
Connecticut Governor Ned Lamont vowed to work with the Trump administration to restart construction on a major offshore wind development, saying there’s “a deal to be had” despite the Interior Department’s surprise move to halt the project.
Grok developer accuses tech group and start-up of harming competition in AI chatbots
Keurig Dr Pepper Inc. agreed to buy JDE Peet’s NV for $18.4 billion to bolster its struggling coffee business before kicking off a split of its operations. Bloomberg's Michelle Davis reports. (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Wayfair and La-Z-Boy stocks are moving after President Trump announced tariffs specifically targeting furniture. Keurig Dr. Pepper paid $18B to buy JDE Peet’s to create a global coffee giant, analysts say the acquisition will address the current drag that the Keurig coffee business is placing on Keurig Dr. Pepper. And ICI CEO and President joins Open Interest to discuss offering private assets and crypto to 401(k)s. (Source: Bloomberg)
Also Intel, Virgin Orbit, Bollinger Innovations, continuation fund loans and a light snack.
Mr. Musk’s artificial intelligence company, xAI, claimed that its Grok chatbot app was being artificially suppressed in Apple’s App Store.
The president has long railed against cashless bail, but studies have not backed up his claims that changes in bail laws lead to an increase in crime.
Bloomberg's Mark Gurman details the latest on Apple as Elon Musk files a lawsuit against the tech giant and OpenAI, accusing them of unfairly favoring OpenAI on its smartphones. He joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
A private and politically connected gem merchant, he was thrust into the public spotlight when his personal relationship with the former first lady became known in the late 1980s.
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: BNY Investments Head of ETF Solutions Matt Camuso and REX Financial CEO Greg King. (Source: Bloomberg)
President Donald Trump signed a pair of executive orders Monday aiming to end cashless bail in Washington and pressure other cities to also eliminate the practice, the latest effort by the White House to overhaul the nation’s criminal justice system. He speaks in the Oval Office. (Source: Bloomberg)
Claudia Sahm, New Century Advisors chief economist, says Federal Reserve Chair Jerome Powell's Jackson Hole speech was an affirmation of the independence of the Fed on "Bloomberg Markets." (Source: Bloomberg)
A local economic development agency in upstate New York plans to borrow $561 million of high-yield debt to buy part of a struggling casino resort in the Catskills, in a bid to save hundreds of jobs in the area.
Pakistan plans to ask Qatar to delay delivery of liquefied natural gas supply over the next five years as the South Asian country grapples with weak demand and mounting import costs.
President Trump on Monday signed an executive order calling for tougher rules on bail. Conservatives argue that policies limiting the practice have contributed to increased lawlessness, but the data does not support their argument.
The Pinault family has reached out to potential buyers of Puma SE after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter. The billionaire family, which owns a 29% stake in Frankfurt-listed Puma through Artémis, is working with advisers, possibly with a view to triggering a sale of the company, the people said, asking not to be identified because the deliberations are private. They have reached out to prospective bidders including Anta Sports Products Ltd. and Li Ning Co. to gauge interest in buying Puma, the people said, adding they have also sounded out other sportswear firms in the US, as well as sovereign wealth funds in the Middle East. Bloomberg's Poonam Goyal reports (Source: Bloomberg)
Keurig Dr Pepper Inc. agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed. “We are seizing an exceptional opportunity to create a global coffee giant,” Chief Executive Officer Tim Cofer said. Bloomberg's Ken Shea reports. (Source: Bloomberg)
Eric Pan, ICI CEO, tells Open Interest that there are still limitations to what alternative assets are included in 401(k)s, but there is a lot of regulatory work and financial education ahead to make sure American investors will benefit from this innovation. (Source: Bloomberg)
Mr. Musk’s artificial intelligence company, xAI, claimed that its Grok chatbot app was being artificially suppressed in Apple’s App Store.
Media companies will get paid out of a $42.5 million pool when their articles are used by Perplexity’s web browser.
Listen for the latest from Bloomberg News
Small caps were already riding the wave of a recent rotation out of Big Tech and into lagging parts of the market. Then came dovish remarks from Federal Reserve Chair on Friday, which likely provided more room to the rebound.
It is the site of a reinforced defensive line, the ‘fortress belt.’ Putin’s demand for it is a sign of weakness.
French bonds fell as investors hedged for more political instability after Prime Minister Francois Bayrou said he would call a confidence vote.
Speak directly to the Russian people, Mr. Trump.
No matter the timekeeper, it always conveyed the same warning to the Americans: It’s later than you think
Copper and potash have been included in the US Geological Survey’s draft list of critical minerals — a further step in clearing the way for broader policy support.
The family-dining chain’s brand updates draw online ire and boycott calls. “We know we won’t get everything right the first time,” the company says.
Five journalists were killed in what local officials said was an Israeli strike on Nasser Hospital in the southern Gazan city of Khan Younis.
Researchers in China placed a lung from a genetically modified pig into a brain-dead man, with mixed results.
Fininvest SpA, the holding company of the Berlusconi family, has received bids for the late media tycoon Silvio Berlusconi’s villa in Sardinia, according to a company statement.
Conditions in the Texas manufacturing sector worsened this month, a survey showed, ending the short-lived rebound seen a month earlier.
Jeff Thomas, Nasdaq Chief Revenue Officer and Global Head of Listings Capital Access Platforms, Executive Vice President, tells Open Interest that regulatory clarity, the Fed leaning towards an accommodative stance, and the strength of recent public listings are driving even more IPOs. (Source: Bloomberg)
François Bayrou risks losing premiership in high-stakes gamble over efforts to control public spending
Musk said the partnership between OpenAI and the iPhone-maker has given the ChatGPT-maker access to “billions of user prompts.”
Two of the objects in the arrangement are cold brown dwarfs, which will serve as a benchmark for others throughout the Milky Way.
US president warns that a ‘purge or revolution’ in Seoul could stop American investment in Asian ally
President Javier Milei’s top officials moved to contain fallout from bribery allegations against an ally that are weighing on Argentina’s dollar bonds amid a liquidity crunch that’s sent interest rates soaring.
US Treasuries slipped ahead of a series of government bond auctions this week, pulling back from the rally unleashed Friday when Federal Reserve Chair Jerome Powell indicated that interest rate cuts may come as soon as next month.
A federal appeals court ordered a review of US Securities and Exchange Commission rules that required investors to reveal far more about short selling and related stock lending.
Arabica coffee futures climbed for the ninth straight session in New York, hitting the highest in over three months as stockpiles decrease and as shipments from top producer Brazil stall.
For years, JAB Holding Co. has been orchestrating some of the biggest consumer deals by consolidating well-known brands and taking on industry leaders.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
A slow start to the home building market this year has prompted some builders to increase incentives and build on smaller lots.
America’s toughest trainer was a proud Hollywood liberal. Now, she’s become a defining voice of the MAHA era.
Exposure to heat waves over just two years could add up to 12 extra days of age-related health damage.
Exposure to heat waves over just two years could add up to 12 extra days of age-related health damage.
First Quantum Minerals Ltd. has shelved a plan to sell minority stakes in its Zambian copper mines, after a $1 billion gold-streaming deal eased balance-sheet pressures.
Known more for their museums, monuments and government buildings than their culture, Washingtonians are showing a spirit of dissent as protesters dog federal agents in their streets.
S&P Global Ratings said it anticipates lowering Keurig Dr Pepper Inc.’s ratings one step closer to junk, in response to the beverage maker’s plan to acquire JDE Peet’s NV for €15.7 billion ($18.4 billion).
Analysts broadly expect trends from earlier in the year to have continued in the latest three months, with signs of stability seen in credit quality, modest loan growth and strength in capital markets and wealth businesses.
Lithuania’s Social Democrats clinched a new coalition agreement, securing a wide majority in parliament on the eve of a vote on the Baltic nation’s new prime minister.
Listen for the latest from Bloomberg News
India says it will keep buying oil from Russia as President Donald Trump's 50% tariffs are set to go into effect on Wednesday. Bloomberg's Tyler Kendall reports. (Source: Bloomberg)
At least 20 people including media dead in strikes on southern hospital complex
A group led by WhiteWater Midstream has agreed to proceed with building a pipeline to bring more natural gas from the Permian Basin in West Texas to the Houston area.
Taking unnecessary equity stakes in private companies is opportunism — not strategic state capitalism
Former Kansas City Fed President Thomas Hoenig says Fed Chair Jerome Powell has opened the door to cutting rates in September following the symposium in Jackson Hole. Hoenig says tremendous political pressure on the Fed can't be ignored and he is worried about the independence of the central bank. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
The move came only three days after he was freed from custody in the criminal case that was filed against him in Federal District Court in Nashville.
US stocks drifted lower Monday, after last week’s euphoria over the potential for interest-rate cuts faded as traders turned their attention back to tariffs and corporate America’s profit outlook.
The head of Brazil’s state-controlled oil company said she would only consider injecting more money into debt-ridden petrochemicals maker Braskem SA if its troubled partner in the company sold to a new investor.
The Pinault family is weighing options for Puma SE including a sale after the German sports brand lost about half of its market value in the past year, according to people familiar with the matter.
President Donald Trump’s campaign against Harvard University is cheapening the prestigious school’s bonds to bargain levels usually associated with riskier sectors, according to Nuveen LLC.
Flutter Entertainment Plc. said it has halted its real-money betting operations in India following legislation banning it that was passed on Aug. 22.
Brazil’s state-controlled energy company has a simple formula for steering through the current oil market glut: pump more crude.
Viking Lumber, the piano maker’s lone source of Sitka spruce, says it is running out of wood because of a lack of logging in the Tongass National Forest.
The California governor is moving to the center on a lot of issues. It’s the same strategy that finally won Bill Clinton the White House, says Bloomberg Opinion columnist Ronald Brownstein. (Source: Bloomberg)
Mitsubishi Corp. is nearing an investment in Singapore-based hospital operator Fullerton Health, people with knowledge of the matter said, as the Japanese firm seeks to expand in Southeast Asia.
“I don’t think the yield curve’s gonna get away from us,” says Robert Tipp, head of global bonds and chief investment strategist at PGIM Fixed Income as he discusses the potential for an interest rate cut from the Federal Reserve in September. (Source: Bloomberg)
The ETF boom that has democratized investing across America is reaching a tipping point. Investors and financial advisers have too many funds to choose from.
Kalshi Inc. hired John Wang, a crypto-founder-turned-influencer, as the prediction marketplace seeks to deepen its ties in the digital-asset world.
Turkey is turning its focus to local investors after talks to sell operating rights for an Aegean port to the United Arab Emirates’ AD Ports Group collapsed six months ago.
The authorities provided few details about the case, the latest in a series of apprehensions in Germany of potential Chinese spies.
Robots-for-rent is one way some small U.S. factories gain access to automation, reducing turnover and ensuring workers aren’t injured.
The company has clashed with media outlets over use of their work.
After Hurricane Katrina, Congress passed a law to strengthen the nation’s disaster response. FEMA employees say the Trump administration has reversed that progress.
Vornado Realty Trust agreed to buy an office condominium above Saks Fifth Avenue Inc.’s flagship department store in New York.
The new American envoy, Charles Kushner, said that France was not doing enough to protect its Jewish citizens, a charge the government in Paris said it “firmly refutes.”
The American military and Europe’s green transition both rely on critical minerals from Beijing
Texas oil and gas producer Crescent Energy Co. agreed to buy Vital Energy Inc. for $3.1 billion, including debt.
The strikes come amid rising international condemnation of Israeli operations in the enclave and as Israel plans to expand the war in a new offensive.
Gaza-based reporters said the four had worked for various international media outlets. At least four other people were killed in the strikes on a hospital.
US equity futures and European stocks retreated as some of the euphoria around expectations of Federal Reserve interest rate cuts eased, with concerns about tariffs and their impact on inflation and corporate profits back in focus. In China, the financial hub of Shanghai eased home-buying rules in the latest attempt by authorities to contain the nation’s prolonged property crisis. Eligible residents, including those from outside Shanghai, can now buy an unlimited number of homes in the outer suburbs, according to a statement Monday. Non-residents who have paid pensions for three years can now purchase new homes in urban areas, instead of only being allowed to buy existing residences there. In corporate news, shares in Orsted fell to the lowest on record after President Donald Trump’s administration ordered construction to halt on an almost-finished offshore wind farm. (Source: Bloomberg)
Higher US tariffs won’t derail the euro-area economy, which is on the brink of a recovery, European Central Bank President Christine Lagarde said.
Good morning. Dr Pepper hopes a jolt of caffeine can boost its coffee business. Donald Trump threatens to send the National Guard to Chicago. And SpaceX postpones its big rocket launch. Listen to the day’s top stories.
More investors are using borrowed money to buy shares, but this isn’t necessarily a signal of a top.
One of the largest shareholders of Cineplex Inc. is pressing the Canadian theater chain to initiate measures to buy back shares, sell non-core assets and prepare for an outright sale, arguing the stock could nearly triple.
Israeli forces to make ‘phased reduction’ in southern regions if Lebanese army removes weapons from Shia militant group
Torrential bursts can quickly swamp roads and cripple transport in major cities from Mumbai to Karachi, and have washed away bridges and entire villages.
The material is showing signs of life on a key Chinese exchange. That’s a start.
Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
Chinese hotpot restaurant chain Haidilao International Holding Ltd. reported a second consecutive drop in sales as consumers increasingly turned to cheaper food options in a slowing economy.
US junk bond yields plunged to a new 40-month low on Friday, spurring the best one-day gains in nearly three months after Chair Jerome Powell signaled that the Fed is open to a rate cut in the next meeting, shifting focus to downside risks to the labor market rather than upside risk to inflation.
Swiss luxury giant Richemont is expanding its newly acquired Italian jewelry brand Vhernier in Asia with an upcoming store in Hong Kong.
Turkish officials are planning to let a short-selling ban that’s been in place since March expire at the end of the month in an effort to boost the stock market’s appeal to foreign investors, people familiar with the matter said.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
“So it’s a tough situation when you’re managing a spread-based portfolio, like a CLO. And obviously we don’t have the luxury of tightening the spreads on the liability side,” says Matt Bloomfield, partner at Palmer Square and president of Palmer Square Capital BDC, when discussing the current pace of re-pricings across the leveraged loan market. Bloomfield joins Bloomberg Intelligence’s Noel Hebert on this episode of the Credit Crunch podcast to talk about traditional and static CLOs, a less-con
For years software companies were the toast of Wall Street. High profit margins, low capital requirements and vast runway for growth prompted the venture capitalist Marc Andreessen in 2011 to famously declare “software is eating the world.”
Sonja Marten, head of FX and monetary policy at DZ Bank, discusses her outlook for the US dollar amid expectations for a Federal Reserve interest-rate cut and says it is difficult to be bearish on the euro. (Source: Bloomberg)
Company’s size, importance mean its results could determine whether S&P 500 extends rally.
A little bad taste never hurt anybody.
Plus, Spotify playlists can spill your secrets.
More than 300,000 people have been told to evacuate as Typhoon Kajiki moved across a wide area between Hanoi and Da Nang.
Pregnant Ukrainian soldiers say they are fighting for the future of their country and for their children.
Adani Group’s wind turbine manufacturing division has won orders for 304 megawatts of capacity from India this month, and is aiming to supply clean-energy generating machines to power producers globally, according to a top executive.
The Philippines will suspend on Tuesday government work and classes at all levels in the capital region due to inclement weather, the interior department says in a Facebook post.
Hyundai’s sprawling complex in Georgia illustrates advanced manufacturing’s balance between people and machines.
US President Donald Trump’s tariffs, threats of annexation and assorted insults have infuriated Canadians, leading them to sell off American real estate and boycott products. The nation’s investors seemingly never got the memo.
The bill directs insurers to spell out how to get copies of the photos, but a consumer group says the burden shouldn’t be on homeowners.
A new camp of financial advice suggests it is OK to help your adult children financially, and you might as well start saving early.
Israel’s approval of a settlement project delayed for decades shows how far Prime Minister Benjamin Netanyahu has gone in dashing Palestinian aspirations.
Pakistan and Bangladesh vowed to spur efforts to increase bilateral trade, investment and connectivity after the first visit by Pakistan’s chief diplomat in 13 years.
Trade Adjustment Assistance was supposed to help people whose jobs were threatened by overseas competition, but Congress eroded its support starting in the 1980s.
After President Trump met President Vladimir V. Putin in Alaska, he said the Russian leader would be willing to meet with Ukraine’s president. That seems less and less likely.
Behind the pushback to global trade is a deep economic anxiety that a meager social safety net has caused in the United States.
For President Trump, consistency is less important than leader-to-leader diplomacy.
A budget shortfall has led the city’s transit authority to cut its bus and rail services by 20 percent.
The firm, which represents opponents of offshore wind, said it would complain to Brown’s federal and private funding sources.
The actress received an Emmy nod for her performance as a seasoned E.R. nurse, a woman who has seen it all and lived to keep fighting. So has LaNasa.
On the ground in Kharkiv, the choices are starkly different.
Executives are racing to boost revenues at the struggling doughnut maker as sales slump and shares tumble.
Men in the U.S. live six fewer years than women. One clinic is trying to persuade men that getting checked out could save their life.
Reporters across The Times spent months working to understand the ways the Chinese government wields its influence in New York politics.
Schools across the country face increasing threats, but many students with disabilities don’t have a way to evacuate.
We are deploying digital pseudo-therapists at an unprecedented scale, and those most at risk of negative outcomes are teens.
Few are happy with how Congress is performing these days, including its members, with increasingly unpleasant jobs. It’s time to recruit better talent.
If you’re cooking with gas, it might help your health and the environment. Here’s why.
Ifo President Clemens Fuest discusses the institute’s latest reading on German business confidence, which improved to the highest since 2022 after the European Union struck a trade deal with the US. “There is a slight improvement but it’s very small,” Fuest says on Bloomberg Television. “Companies are telling us that the current business situation is really flat, it’s not changing, it continues to be weak.”
A national coalition of corporate leaders says monopolies in politics are as problematic as they are in business.
The Chinese consulate in Manhattan has mobilized community groups to defeat candidates who don’t fall in line with the authoritarian state.
As a fight over the future of elite higher education consumes university leaders and politicians, most college students live in a very different world with very different challenges.
Office for National Statistics already under scrutiny over quality of its figures
Test your knowledge of how to handle hurricanes, tornadoes, wildfires and more.
Venture-capital firm Andreessen Horowitz and OpenAI President Greg Brockman are among those helping launch and fund Leading the Future.
Last week’s big trading blunder, one of India’s worst in years, is exposing a potential weakness in the country’s system for buying and selling large blocks of shares.
August’s increase in the Ifo index of business confidence continues a trend of steadily rising sentiment that has gone unbroken since the start of the year.
Equinor ASA, the Norwegian energy company that owns a 10% holding in Orsted A/S, is sharing lessons-learned with the Danish wind developer after President Donald Trump’s administration ordered construction halted on an almost-finished offshore wind farm in the US.
Confidence among German firms unexpectedly improved to the highest since 2022 after the European Union struck a trade deal with the US, despite some criticizing higher tariffs.
European natural-gas prices slipped, but prices were supported by supply risks, and Asian LNG demand.
Stock in Danish developer drops 18% after surprise order to stop work on $1.5bn Revolution Wind project
Keurig Dr Pepper Inc. agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) in an overhaul that will see it split the coffee business from other beverage operations only a few years after a deal that combined them. Bloomberg’s Charlotte Hughes-Morgan reports.
Talking to Richmond's Fed president at Jackson Hole.
According to Richmond Federal Reserve Bank President Tom Barkin, much of the time central banking is straightforward. Sometimes it’s clear that rate cuts are needed. Sometimes it’s clear that rate hikes are needed. Other times everything is going great, and central bankers don’t have much to worry about. Right now though, things are not straightforward. There are signs of labor market softening. But also there are reasons to be concerned that inflation pressure is building yet again. In times li
South Africa is losing market share in neighboring countries because of a lack of support for local manufacturing, ceramics manufacturer and retailer Italtile Ltd. said.
After the takeover, the company will split into two businesses, one focusing on coffee and one on soft drinks.
Orsted said it will continue with plans to sell shares as it tries to contain a growing crisis that worsened after President Donald Trump’s administration ordered construction to halt on an almost-finished offshore wind farm. The value of the company plunged on Aug. 11 after an announcement for plans to raise some 60 billion Danish kroner ($9.4 billion) from investors, half of which will come from Danish taxpayers. It would be the biggest share sale for the European energy sector in over a decade. Bloomberg's Christian Wienberg reports. (Source: Bloomberg)
Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, stocks rally after Fed Chair Jay Powell signals an interest-rate cut could come as soon as next month, despite divisions among policymakers over challenges in inflation and the jobs market. The US government takes a near 10% stake worth $8.9 dollars, as tech investors brace for key Nvidia earnings later in the week. Plus, Russia and Ukraine exchange prisoners of war as truce talks appear to stall. Today's guests: Peter Dickinson, Atlantic Council, UkraineAlert Editor. (Source: Bloomberg)
European natural gas prices edged lower after last week’s 8% gain, with traders awaiting fresh signals on short-term supply prospects as well as progress on ending the war in Ukraine.
The infrastructure arm of the billionaire Cheng family has halted a plan to sell a collection of roads in China worth about $2 billion, people familiar with the matter said, after months of talks on a possible disposal.
India’s embassy in Washington has hired a lobbying firm with close ties to the Trump administration and a history of advocating for foreign entities targeted by the US, just before 50% tariffs take effect on exports from the South Asian country.
The premium the dollar commands in currency derivatives is nearly gone, one measure that hints at weakening foreign demand for US debt.
Stocks start the week after a Friday rally driven by hopes of a September rate cut.
Galaxy Digital, Multicoin Capital and Jump Crypto are in talks with potential backers about raising roughly $1 billion to accumulate Solana, in what would be the largest treasury dedicated to the digital token.
Zohran Mamdani’s coalition in the New York mayor’s race includes residents who have questioned whether they can afford to raise children in the city.
While the university was able to strike a deal with the Trump administration, the national outlook for federal science funding remains bleak.
TPG Inc. is considering selling Southeast Asian school operator XCL Education and has attracted preliminary interest from industry peers and buyout firms, according to people familiar with the matter.
UniCredit SpA has expanded its equity stake in Commerzbank AG to about 26%, buttressing the firm as the German rival’s biggest investor.
The US has confirmed a case of the flesh-eating parasite New World screwworm in a person in Maryland, who had traveled from Guatemala and has received treatment for the infection, Reuters reported.
South Africa’s financial watchdog is preparing new rules for the over-the-counter derivatives market that will require certain products to be cleared by a central counterparty to improve transparency and reduce risk.
Poland acquired a stake in privately-held Iceye Oy, the Finnish maker of advanced Earth-observation satellites.
President Trump floated the idea after the former governor of New Jersey, a onetime ally, criticized his use of the Justice Department.
Orsted A/S said it will continue with plans to sell shares as it tries to contain a growing crisis that worsened after President Donald Trump’s administration ordered the offshore wind giant to halt construction of an almost-finished project.
Abu Dhabi’s biggest renewables company is in talks to sell its 50% stake in rooftop solar firm Emerge Energy, as it looks to focus its resources on bigger projects.
China’s rare earths producers surged on Monday, after the government fleshed out plans for stricter controls on an industry that has played a crucial role in the country’s trade war with the US.
Prudential Plc’s review of Eastspring Investments, which included possibly selling a stake or forming a partnership for the asset manager, has stalled amid concerns over valuation and deal structure, according to people familiar with the matter.
Chicago corn jumped to the highest in a month as strong demand and a lower-than-expected production outlook continued to support prices.
Saudi Arabia and the Olympic Council of Asia are in talks with China and South Korea to potentially move the 2029 Asian Winter Games. It comes as Saudi Arabia faces construction challenges with its planned ski resort, Trojena. Tim Callen, visiting fellow at the Arab Gulf States Institute and Former IMF Mission Chief to Saudi Arabia spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the impact of this move on the country’s economy & global reputation. (Source: Bloomberg)
Indonesia scrapped rules forcing miners to sell coal and minerals at government-determined levels after buyers pushed back against a system introduced earlier this year.
Nvidia Corp. is set to report quarterly earnings on Wednesday after the market close. Traders are hoping the chip giant at the center of artificial intelligence development can soothe fears about AI spending and effectively confirm that the stock market’s latest rally isn’t just a technology bubble. Annabelle Droulers reports.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Brent, the global crude oil benchmark, is trading at a rare discount to its Middle Eastern counterpart, as President Donald Trump cracks down on Russian barrels and a glut is forecast for later in the year.
Several Asian borrowers are opening talks with investors this week on dollar bond deals, aiming to lock in some of the tightest credit spreads seen in decades amid growing expectations for further US interest rate cuts.
PLS CEO Dale Henderson says the company is prepared if lithium prices stay low for longer, with over A$1 billion cash on hand. PLS posted a first loss in four years as a protracted lithium slump hit earnings. (Source: Bloomberg)
We need a bipartisan solution that ensures a stable farm work force and protects farmworker families and the future of American agriculture.
China’s financial hub of Shanghai eased home-buying rules in the latest attempt by authorities to contain the nation’s prolonged property crisis.
S4 Capital Executive Founder & Executive Chairman Martin Sorrell offers insights on China's consumer demand outlook. He speaks with Paul Allen on "Insight with Haslinda Amin." (Source: Bloomberg)
Chinese developers’ shares rallied on Monday, with China Vanke Co. hitting a six-month high, on expectations authorities will unveil more measures to support the nation’s slumping property market.
Infrastructure firm Gamuda Bhd. and clean energy company Gentari Sdn. will jointly develop approximately 1.5 gigawatts of renewable energy capacity as they seek to meet power demand for hyperscale data centers in Malaysia.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Videos taken by visitors to the isolated country provide a rare glimpse of how it’s mimicking the consumerism of the outside world.
Thu Ha Chow, Robeco's Head of Fixed Income Asia, shares her insights on the Fed's political independence and Chairman Jerome Powell's signaling of a potential interest rate cut at the next policy meeting. (Source: Bloomberg)
In a crypto winter, the consequences could be painful for investors
Former PM and Nato chief returned to domestic politics ahead of September elections
Now for the brutality, as the White House breaks norms to remake the Fed.
Rebound in CMBS borrowing tied to city’s skyscrapers signals thaw after pandemic chill
What masquerades as pragmatism is self-harming opportunism
Cinven-backed accountancy firm to outsource roles to India
Market slump and new tax-free regime have made UK capital a more attractive destination, experts say
The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences.
Law firms and consultants start to recruit specialists again after three-year dearth of listings work
Travellers turn to travel agent-booked trips for protection as wars and wildfires threaten to ruin summer vacations
Media groups explore new ways of reaching readers and making money amid arrival of AI tools that affect clicks
China dialed up its injection of longer term liquidity into its financial system in a move that’s likely intended at easing the selloff in bonds and ensuring adequate funding for the flailing economy.
China strengthened its yuan fixing by the most since January after the dollar slumped in the wake of Federal Reserve Chair Jerome Powell’s commentary at Jackson Hole.
A squadron of pilots and gunners patrol Ukraine’s skies looking for Russian attack-and-reconnaissance drones.
China’s exchange-traded funds that invest in chip stocks are seeing a surge in their premiums, a sign of euphoria building in some corners of the market.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
China’s Goldwind Science & Technology Co., the world’s largest wind-turbine maker, saw shares jump the most in four years as strong domestic demand boosted its profits.
Industrial metals and iron ore rose after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, where he signaled the central bank would likely cut interest rates next month.
More than 2,200 troops were deployed in Washington as of Sunday, a Guard spokesman said.
BlackRock Inc. paused fundraising earlier this year for its latest Asian private credit strategy amid its merger with HPS Investment Partners, people familiar with the matter said, adding to uncertainties for the firm’s ambitions for the asset class in the region.
Demand for workers cooled yet the unemployment rate held steady—and why? The labor supply slowed abruptly alongside a sharp decline in immigration.
Two months ago, it was hard to spot a bear in India’s bond market. Now, sentiment has flipped, with investors demanding higher returns to hold the nation’s debt.
Dongfeng Motor Group Co.’s Hong Kong-listed shares surged after the Chinese automaker announced plans to withdraw its Hong Kong shares in a restructuring that will result in a new stock listing for its Voyah line of luxury new-energy vehicles.
Distressed Chinese developers Logan Group Co. and KWG Group Holdings Ltd. have been sounding out investor interest in a potential plan to refinance a $1.05 billion private loan secured by a luxury residential project in Hong Kong, according to people familiar with the matter.
Rio Tinto Group has stopped work at its Simandou iron ore project in Guinea after a worker died at the site, it said in a statement on Sunday, without elaborating on the cause of the accident or on any impact on the mine’s development.
Nividi and other stocks in the Magnificent Seven have been buffeted recently by growing doubts about their valuations and the potential of artificial intelligence.
Just five months into his tenure as Intel’s CEO, Lip-Bu Tan was fighting for his job. Getting to a truce with the president was a two-week roller-coaster ride.
Nvidia and other stocks in the Magnificent Seven have been buffeted recently by growing doubts about their valuations and the potential of artificial intelligence.
Reece Ltd. shares plunged the most in almost five decades after the Australian plumbing supplies company reported a drop in full-year profit and warned of ongoing weakness in the US housing market.
New Zealand retail sales unexpectedly increased in the second quarter, suggesting that lower interest rates are starting to support household spending and underpin an economic recovery.
Buyout firm Thoma Bravo is nearing a deal to acquire call center software maker Verint Systems Inc., according to people familiar with the matter.
Gold held an advance as the momentum for US interest-rate cuts grew, after Federal Reserve Chair Jerome Powell opened the door to a reduction in September.
Despite the boom in renewables and a fast-approaching climate deadline, China still doesn’t have a coherent exit strategy for coal, according to new research from clean energy advocates.
The real-estate executive has been at the vanguard of the first family’s rapid entry into the cryptocurrency business.
China Evergrande, set to be delisted from the Hong Kong Stock Exchange on Monday, leaves behind a giant pile of debt and long line of desperate creditors.
Terumo Corp. has agreed to buy UK-based organ medical tech company OrganOx Ltd. in a deal valued at around $1.5 billion, seeking entry into the organ transplant field.
Santos Ltd.’s income fell by more than a fifth in the six months through June as liquefied natural gas and oil prices declined.
Oil steadied after a weekly gain as traders tracked tensions over supplies, as well as the wider mood for risk assets after the Federal Reserve signaled a return to interest-rate cuts.
The statement by Foreign Minister Sergey V. Lavrov deals a blow to President Trump’s efforts to mediate an end to the war in Ukraine.
Asian companies are heading into what is expected to be the busiest week of second quarter earnings reports, a crucial period for investors to gauge whether China’s emerging liquidity-driven rally is underpinned by fundamentals.
U.S. PCE inflation data for July will be the key economic indicator as investors anticipate that the Federal Reserve will probably cut interest rates next month.
Good morning and welcome back, it’s Ainsley here with all the news you need to start your week.Today’s must-reads:• Guzman y Gomez’s slowdown• No mercy for earnings misses• Measures to speed up house construction
The honeymoon is officially over for burrito baron Steven Marks: Just a year after Guzman y Gomez Ltd.’s blockbuster market debut made him a multimillionaire, the founder’s fortune is getting hammered.
The name BYD Co. is mainly associated with mass market electric vehicles. A manufacturing behemoth that churns out more electric cars than anyone else on the planet, it’s a brand built on volume and affordability.
This year ’s rally in China’s defense stocks risks losing steam as early earnings for the sector look lackluster, deflating excitement that’s building over next month’s massive “Victory Day” parade.
Charles Kushner wrote to Emmanuel Macron accusing the president of ‘a lack of sufficient action’ in confronting the issue
Pilbara Minerals Ltd. posted its first loss in four years as slumping lithium prices bite.
Equities in Asia were set to track Wall Street higher Monday after Federal Reserve Chairman Jerome Powell opened the door to a resumption of rate cuts next month.
Japanese stocks are poised to gain on Monday as a surge in US equities bolsters sentiment, outweighing concerns over a stronger yen.
Asian equities are set for a strong start and currencies are likely to gain after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium signaled the Fed is headed for an interest-rate cut as soon as its next policy meeting in September.
TPG Inc. is among large alternative asset managers now seeking money to back mid-sized investments in Asia, a move away from its traditional focus on bigger deals.
The footage showed Mr. Jackson, son of the former UFC champion Quinton Jackson, punching the wrestler Stuart Smith at least 20 times.
The company has spent a couple years talking about a more-expensive version of its music service for superfans. Where is it?
Santos Ltd. is expected to announce an extension in the exclusivity period for its proposed $18.7 billion takeover by an Abu Dhabi-led group, the Australian Financial Review said.
Keurig Dr Pepper is close to a deal to acquire European coffee company JDE Peet’s for roughly $18 billion, the Wall Street Journal reported, citing people familiar with the matter.
Australia’s stock market keeps breaking record after record — but is proving ruthless toward any missteps.
Combined company would later separate coffee and beverage units.
Good morning. South Korea’s leader gears up to meet with Trump. Emerging-market assets look set for a growth spurt. And a sing-along K-Pop animated musical scores Netflix a rare win in cinemas. Listen to the day’s top stories.
With war raging in its backyard, Europe’s leaders don’t want any ESG qualms to get in the way of steering private capital into a military deterrent strong enough to resist Russia.
The deadliest weapons ever manufactured are becoming a regular feature of Europe’s nearly $9 trillion ESG fund industry. Bloomberg's Claudia Cohen explains how nuclear weapons entered the world of ethical investing. (Source: Bloomberg)
The farm equipment maker takes an earnings hit and lays off workers.
The federal board has failed to restore the bankrupt island’s access to markets.
Ruby is coming to America, offering an amp in every room.
After setbacks in its last three flight attempts, Elon Musk’s company has a lot riding on the latest trip of its Starship prototype.
Cava, Tapestry, Marriott and others weigh in on the health of the consumer, trade policy and demand. Plus, a one-on-one with Lenovo’s CFO.
A limited, singalong release of the animated phenomenon showed streaming success can also bring fans to theaters.
A single afternoon in court illustrated the new ways in which laws are being enforced after President Trump’s takeover of the city’s police.
Raymond “Chip” Mason, who expanded his firm, Legg Mason Inc., through acquisitions over four decades into one of the largest money managers in the US, has died. He was 88.
Wildfires in California wine country and Central Oregon grew overnight, prompting hundreds of evacuations as firefighters worked Sunday to try to contain the blazes amid dry, hot weather.
President Trump said he was considering sending troops to cities like Chicago, New York and Baltimore. State and local leaders say they have crime under control.
Public statements haranguing Israel embolden extremists, fuel violence, and endanger Jewish life in France.
The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
The president’s attempts to control monetary policy became the dominant yet unspoken theme at the annual central bankers’ retreat.
South Africa’s largest union has signed an above-inflation wage increase on behalf of its 90,000 members in the motor industry.
Italy’s deputy prime minister said he’s against imposing windfall taxes on banks, a topic that’s been a divisive issue for the government led by Giorgia Meloni.
KPop Demon Hunters, an animated musical released by Netflix Inc., topped the US and Canadian box office during a two-day theatrical debut, a rare win at the theaters for the streaming giant, which usually avoids chasing box office revenue for its original movies.
European Commission President Ursula von der Leyen defended the bloc’s trade deal with the US, arguing that it brings stability and avoids escalating tensions with a key ally.
Jay Powell’s Jackson Hole speech is a prelude to much bigger changes coming at the central bank
Firms are struggling to raise money even as they offer discounts to attract new investors
It took decades for the Bronx to recover after the Cross Bronx Expressway was built. With years of repairs on the horizon, some residents worry about new trauma.
The president and his allies should not be trusted to ensure the integrity of the vote.
The European Central Bank has entered a new monetary-policy phase where officials can focus on monitoring the economy rather than actively intervening to change its course, according to Governing Council member Martins Kazaks.
By passing federal standards that encourage innovation and put Americans first, we can ensure we meet the challenge.
Health issues prevented the women, who were in their 80s, from climbing out, officials said. They became unresponsive after overheating and developing hyperthermia.
Jerome Powell sent the US bond market up on Friday by telegraphing his Federal Reserve will resume reducing interest rates as soon as next month.
Elon Musk’s aerospace company plans the next test launch of its roughly 400-foot-tall rocket after its last three flights ended prematurely.
Hedging is a hot topic again as Jerome Powell’s Jackson Hole speech stoked enthusiasm that the Federal Reserve will cut rates in September, sending stocks back up near record highs.
After spending years in behind-the-scenes roles on Broadway, he enjoyed a late career transformation to become an actor in films and on television.
The decision has galvanized Israeli hard-liners and drawn an accusation from Prime Minister Benjamin Netanyahu that President Emmanuel Macron is stirring up antisemitism.
Watchdog previously barred bank from taking on high-risk customers over lax anti-money laundering checks
He was frequently crammed into airport lockers, popcorn machines and grandfather clocks as Agent 13, the long-suffering spy.
Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The next test for the stock market will be a read on what’s been driving gains for the past few years: artificial intelligence euphoria.
Seoul is betting that helping to “Make America Shipbuilding Great Again” will earn it a better deal with Washington.
Marcus Wong in Singapore joins Bhaskar Dutta in Mumbai to discuss how emerging-market assets may power ahead of their developed peers in the coming months. The possibility of more Federal Reserve rate cuts, a tilt away from US markets and fiscal discipline in emerging nations will likely drive that outperformance.
Fund managers say returns on emerging-market assets are set to power head of their developed peers, having moved in lockstep since US President Donald Trump unleashed his tariff blitz in April.
Zelenskyy emphasises western support as Ukraine marks independence day in face of latest Russian attacks
Abu Dhabi National Energy Co. agreed to buy GS Inima for about $1.2 billion to expand its water business.
Conservative party leader describes being the target of ‘hysterical’ personal attacks
Apple is weeks away from its big product launch event, where it will lay the foundation for a once-in-a-generation iPhone overhaul. Also: The company talks with Google about using Gemini to power Siri, and it raises the price of TV+. Lastly, Apple loses yet another AI executive to Meta.
A clever leak exposed the music habits of some famous people — and two Times journalists.
History suggests the political approach ends in unsustainable debt and lower GDP
The Ukrainian leader held talks with Prime Minister Mark Carney of Canada and was set to meet with President Trump’s envoy, Keith Kellogg, amid continuing diplomatic efforts to end the war.
Large language models’ pace of improvement has moderated, but investors shouldn’t panic.
What if we come to love and depend on the A.I.s — if we prefer them in many cases to our fellow humans?
When Donald Trump and Vladimir Putin are looking at maps of Ukraine and deciding which parts Russia should have, it’s time to make waffles.
They hoped to make tomorrow’s medicines. Then came Trump.
Piecemeal approach leaves seafood and produce sectors fighting to win individual carve-outs
Home secretary Yvette Cooper under pressure to show she is addressing backlog
Stress, guilt and money converge when school gets out. Let our illustrator draw it out for you.
Talks of a cease-fire in Ukraine have centered on the Donbas, a valued region for both sides and where most of the fighting is taking place. Michael Schwirtz, a global intelligence correspondent, and Anatoly Kurmanaev, a foreign correspondent covering Russia, break down who the Donbas is important to and why.
The guitarist and frontman chat about their fraught partnership, earliest goals and (possibly) final shows on the road.
Calabasas residents thought it would be easy to keep wildfire ash from being trucked to their local landfill. They were wrong.
The agency said a proposal to get rid of 350 navigational buoys from Maine to New Jersey made sense after decades of advancement in electronic navigation tools.
The “Panama Playlists” exposed the Spotify listening habits of some famous people — and two journalists who didn’t know as much about protecting their privacy as they had thought.
In its campaign of “uprooting the foot soldiers,” the Trump Justice Department has fired or demoted more than two dozen Jan. 6 prosecutors, even as those they sent to prison walk free.
In Pakistan, hundreds are in jail on charges of blaspheming Islam. Rights groups say some of these cases are due to bad actors entrapping victims online.
Money can’t buy love, but it can help single people feel more ready to find it.
Officials on Hainan Island, China’s only tropical beach destination, halted public transportation. Businesses were closed in Sanya, a popular resort city on the island.
UAE's Space42 is looking to take on Elon Musk's Starlink as the main space-tech provider in Africa. Space42 also teamed up with Microsoft and Ersi on an initiative to map Africa. The geospatial data generated could have implications on infrastructure planning, economic development and innovation. (Source: Bloomberg)
An enormous whitetail deer had become a local legend in rural New York. Then a picture of his carcass appeared on social media.
Mario Cuomo’s failed mayoral campaign was a training ground for his son Andrew, who would mount his own bid decades later.
Mark Carney is visiting Ukraine for the first time as Canada’s prime minister, as his government says it may be prepared to join peacekeeping efforts led by European allies.
The incessant alerts are annoying, but also feel like community.
Vietnam has sharply accelerated its island-building efforts this year in the contested Spratly Islands in the South China Sea, a US think thank said.
The Malaysian state of Johor, a key data center hub, was hit by two mild earthquakes Sunday morning with early reports saying there were no casualties and little damage.
The contested region is where Russia’s war in Ukraine began a decade ago. Scores of Ukrainian soldiers have died defending it. Would Ukraine give it up now?
Washington’s increasing focus on Beijing is straining the decades-old alliance between South Korea and the United States.
Washington’s increasing focus on Beijing is straining the decades-old alliance between South Korea and the United States.
Ultra-Orthodox Israelis, exempt for decades from military service, are now being drafted. Their rage is dividing Israel and threatening Prime Minister Benjamin Netanyahu’s coalition.
There’s a new generation of fans for the singer known as Thompson, who uses the salute and nationalist rhetoric to cast himself as a guardian of Croatian heritage.
A €3.3bn refurbishment of the brutalist site has come under fire from Germany’s Federal Audit Office
Branding fiascos will never go away as long as companies keep putting their customers last
For decades, companies feared being on the wrong side of U.S. sanctions. That’s not always true anymore.
If created, these versions of the building blocks of life could lead to environmental and ecological disaster
Leftwing leader Lee Jae Myung will seek to dispel reputation as anti-American and pro-China at White House summit
Price increases and cost-cutting led to streamer’s first annual profit last year
A sharp uptick in prime cuts is distorting the UK market, say industry groups
Russian President Vladimir Putin thinks he can make a hugely significant strategic gain at the negotiating table rather than on the battlefield.
When President Trump gets in on a new online moneymaking idea, his followers often pile in—but two out of the last three times they went on to lose bigly.
Mr. Abrego Garcia, who was wrongfully deported to El Salvador, is keeping a low profile as his lawyers prepare to fight the Trump administration’s proposal to deport him to Uganda.
The tiny country has evolved from an object of sympathy into a controversial and feared powerhouse.
Employers are holding on to workers but have slowed hiring to a crawl, creating a fragile labor market.
Mr. Abrego Garcia, who was wrongfully deported to El Salvador, is keeping a low profile as his lawyers prepare to fight the Trump administration’s proposal to deport him to Uganda.
China’s economy is buckling under the weight of tariffs and a deep-rooted property crisis, yet stocks are extending their bull run — a disconnect that’s stirring doubts on the rally’s staying power.
More than 1,000 homes in Oregon were under some kind of evacuation because of the Flat fire, which was one of many wildfires burning in the West, amid hot weather.
Tropical Storm Fernand formed in the open Atlantic Ocean hundreds of miles from Bermuda and is forecast to miss land, the US National Hurricane Center said on Saturday.
The mayor of Orlando, Fla., said that the crosswalk mural, which featured the Pride flag’s colors, was removed overnight this week. Community members protested and have, for now, repainted it.
The Defense Department has withheld approval for attacks as the White House has sought to entice Moscow to open peace talks.
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
A key US inflation gauge probably ticked higher last month, underscoring the challenge Federal Reserve Chair Jerome Powell and his colleagues face in balancing rising prices and mounting risks in a fragile job market.
Central bankers say low birth rates in world’s largest economies pose threat to productivity and prices
Those killed in the accident on Friday ranged in age from 22 to 65 and included three people from New Jersey, a Chinese student at Columbia University and a person from India.
Young people energized a push for redemption — and the release of Lyle and Erik. Parole commissioners took a different view and a harder line.
The ‘overwhelming majority’ of the material provided to a key investigative committee in response to a subpoena had already been released, according to Democratic members.
Before Ingrid Lewis-Martin was indicted on bribery charges, she was one of the most powerful people in Mayor Eric Adams’s orbit. Now she may hasten his fall in New York.
The singer and songwriter proved she’s operating at the peak of her powers during a two-and-a-half-hour set that drew sharp connections between her past and present.
The Florida detention camp known as Alligator Alcatraz is being run illegally by state workers who are holding immigrants “off the grid,” the American Civil Liberties Union said in a new lawsuit filed hours after a judge in a different case ruled the facility must be dismantled.
Europe’s labor market has proved surprisingly resilient in the face of a once-in-a-generation inflation shock and aggressive interest-rate hikes, according to European Central Bank President Christine Lagarde.
Officials dangled an offer to send Kilmar Armando Abrego Garcia to Costa Rica if he pleaded guilty to criminal charges, the lawyers said in a filing, then threatened to send him to Uganda if he did not.
Industry struggles under rising costs, Chinese competition and Trump hostility
US government debt could reach 250% of gross domestic product without putting upward pressure on interest rates, according to a paper presented at the Federal Reserve’s Jackson Hole conference.
Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae Myung held their bilateral meeting in Tokyo that lasted about two hours. Lee heads to the US next to meet President Donald Trump. (Source: Bloomberg)
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how even the mightiest in tech can fall.
A section of the railway bridge, under construction in the country’s northwest, plunged into the Yellow River early on Friday.
A vending-machine venture that once touted juicy, super-safe returns is now the target of federal prosecutors and a tangle of lawsuits by angry investors who say they were duped.
Philip Petursson has relied on Bureau of Labor Statistics data for decades to inform his investing recommendations at IG Wealth Management. Not solely, but as a key input, he said.
If the F.B.I. is seen as a tool of retribution, it will come at the expense of its effectiveness in the long run.
In two hearings, California parole panels said the brothers should not be released from prison 36 years after they killed their parents.
How did a county in Wyoming get so wealthy?
Selfies, government IDs and AI are all being used by companies in an effort to adhere to new laws and regulations aimed at protecting children.
Looking to bolster his legacy as a global peacemaker, Donald Trump has boasted often in recent days that he’s ended at least six wars. Critics of the president’s record say the truth is a lot more complicated.
The Central Bureau of Investigation said it registered a criminal case against Reliance Communications Ltd., its former director Anil Ambani and several other people following a fraud complaint from the State Bank of India.
The president could learn a lesson from the sisters of Nativity.
Just how can we tell which of Trump’s moves matters?
Tennis can teach us lessons about how America can be first while also staying open to the world.
If the president plans to replace Social Security, the American people deserve to know.
Spy fiction thrives on vermismilitude — shy are so many writers so incompetent when it comes to naming foriegn characters?
Whether you swim furiously or float motionless, being in the water is a magical feeling.
The Chicago Fed president's thoughts from Jackson Hole
Once rare, wildfire smoke is becoming more prevalent in Arctic communities as Canada faces harsh wildfire seasons.
Top Middle East consultant ‘ashamed’ of revelations while CEO’s staff meeting in Dubai prompts walkout
Despite outrage from its allies, the White House has not commented on a report that found famine in Gaza. Analysts say that without U.S. pressure, Israel’s war will not likely change course.
The Fed chair’s measured approach leans toward cautious easing amid a “curious” labor market, despite inflation perils.
HSBC Holdings Plc’s Swiss private bank is ending relationships with wealthy Middle Eastern clients, including many with assets exceeding $100 million, as the bank seeks to lower its exposure to individuals it deems high-risk, according to people familiar with the matter.
A generation of Ukrainian men has been shaped by the bloodiest war in Europe since World War II. Serhiy Hrebinyk, 25 years old and just released from a Russian prison, is one of them.
More Americans are choosing burials in which everything is biodegradable.
The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.
Companies, fearing penalties that could put them out of business, race to make sure their drivers have enough English to communicate with U.S. officials.
Israel largely destroyed Evin prison, one of Iran’s most infamous symbols of oppression, in June. Less than two months later, Iran began returning male prisoners.
The president is demanding government stakes in U.S. companies and cuts of their revenue. Experts see some similarities to state-managed capitalism in other parts of the world.
With the deployment of the National Guard, owners say business is down drastically.
Two new parks fortifying the city’s coastline survived a bureaucratic gantlet that reveals why progress so often feels stuck.
Harvard has sued, fighting the Trump administration’s demands. But the university has also enacted a host of items on the White House wish list.
FoundHer House, a home in San Francisco’s Glen Park neighborhood, is the rare all-female hacker house where residents are creating a supportive community to build their start-ups.
Shore’s new book, “Early Work,” hints at the towering figure he would become in photography, a master of elegantly prosaic scenes.
President Trump’s planned pharmaceutical tariffs threaten to hit many of the most common and well-known drugs that Americans take.
Federal student loans have been upended by litigation and legislation. Here’s what you need to know to repay your loans, avoid tax bombs and more.
Trade war uncertainty is forcing board and card game publishers in the United States to make tough decisions, putting the future of the industry in jeopardy.
Some museums are changing or canceling exhibits, especially those that involve artworks that engage with gender, sexuality and race.
President Trump has embraced an array of far-right views and talking points in ways that have delighted many right-wing activists who have long supported those ideas.
The European Central Bank is in no rush to lower interest rates further after inflation hit its 2% target and with the economy performing slightly better than thought, according to Governing Council member Olli Rehn.
Turkey officially ended a deposit instrument introduced in December 2021 aimed at supporting the lira during a previous currency crisis.
Initiative fuels a wider debate on whether trees are worth more standing than cut
The map’s passage was a major victory in President Trump’s push to get Republican state leaders to help his party keep control of the U.S. House.
The unexplained decision raises fresh concerns about the erosion of press freedom in a city transformed by Beijing’s national security law.
New law risks stoking tensions by asking youth to fight for a system that shows little signs of working for them.
China’s solar installation continued to slow in July, as developers remained cautious waiting for more details about a new policy that took effect in June and may affect renewable returns.
Siquijor, in the Philippines, it trying to capitalize on a centuries-old association with the occult.
For Americans, the price of eggs became a rallying cry for consumers beaten down by high prices. For Italians, it’s the cost of beach umbrellas.
Sell-off provides a reminder of the risks of the sector’s dominance in public and private markets
The shadow justice secretary’s social media videos on migrant camps and fare dodgers have found a large audience
Chief says members’ club operator will build on ‘momentum’ after $2.7bn take-private deal announced this week
Step into the boardroom, navigate profit and sustainability rules and guide your club to glory
2011 hat Deutschland seine Wehrpflicht abgeschafft. Zwar vergrößerte sich das Personal seither von 220.000 auf etwa 260.000. Doch angesichts der russischen Aggression braucht es deutlich mehr. Das altbekannte Thema der Wehrpflicht steht deshalb wieder im Raum. (Source: Bloomberg)
An investigation seeks to determine whether Mr. Bolton illegally shared or possessed classified information, according to two people familiar with the case.
Children that Ukraine says were taken by Russia are at the heart of peace talks thanks to a monthslong effort by Western officials and evangelical Christian groups.
This week, former Reserve Bank of India governor Raghuram Rajan weighs in on Fed Chair Powell's remarks at the Fed's annual conference Jackson Hole. And, a look at the wealthiest county in the US - how do billionaires coexist with cowboy culture and the local community in Teton County? Plus, Chevron CEO Mike Wirth on the role of fossil fuels in the energy transition. Later, from Wall Street to "Y’all Street" - what Dallas is doing to attract financial firms and workers. (Source: Bloomberg)
In a courthouse interview with the deputy attorney general, Ms. Maxwell, who has been convicted of sex trafficking, maintained that President Trump and other famous figures were not involved.
Nadine and Robert Menendez, a former senator, were convicted of taking bribes. Seeking leniency, Ms. Menendez’s relatives and friends agree she is “not a criminal mastermind.”
Each week we’ll bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here.
Some investors had been hoping the retailer would tap an outsider to come in and shake things up. They got Michael Fiddelke instead.
Charging deserts are going away. It’s now possible to embark on a Great American Road Trip in an electric vehicle.
Being in the “forgotten middle” forces many families to make difficult decisions about which schools are worth it.
The order to stop construction on Revolution Wind off the coast of Rhode Island is part of a campaign against renewable energy.
The chip designer halts production of the H20 AI chip that it developed for China, after Beijing told companies there not to buy it.
Buyers for the bankrupt chain envision short shorts and lots of butter sauce
The president focused on cities like Los Angeles and Washington as he deployed federal troops and railed against crime. But on Friday, in reference to San Francisco, he said, “We’ll clean that one up, too.”
The State Department offered few details about its plans for the 55 million visa holders, and it was unclear if it was culling travel documents, or making less drastic changes.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Former Kansas City Fed President, Esther George, discusses whether or not when the Federal Reserve decides to cut rates will it risk Fed credibility. Dominic LeBlanc, president of the King's Privy Council for Canada and minister for Canada-US trade, explains why Canada is removing its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal. Evelyn Farkas, former Deputy Assistant Secretary of Defense for Russia, Ukraine, & Eurasia shares her thoughts on how much leverage President Trump has in stopping the war in Ukraine. (Source: Bloomberg)
Oliver Friesen, CEO of Guardian Metal Resources, discusses his company's place in the global critical-mineral landscape as well as the challenge of navigating trade tensions and nationalism as it vies for control over some of these materials. Oliver speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. (Source: Bloomberg)
Partnership with Midjourney marks shift away from internal product development
David Lee, the CFO and COO of Webtoon Entertainment, discusses company's banner deal with Walt Disney and its continued push into mainstream digital media. David speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. (Source: Bloomberg)
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 Crossmark Global Investments’ Bob Doll, Saronic Technologies’s Dino Mavrookas, DA Davidson’s Gil Luria, J.P. Morgan Asset Management’s David Kelly, Morgan Stanley’s Kathy Entwistle, Laffer Tengler’s Nancy Tengler, Futurum’s Daniel Newman, Capital Alpha Partners’ James Lucier. (Source: Bloomberg)
Mayor Eric Adams defended his administration and his re-election bid on Friday amid corruption charges against some of his closest allies.
David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, says September will be one of the most important Fed meetings in years. He tells Vonnie Quinn and Caroline Hyde on “The Close” that Powell “really doesn’t want to cut in September, October, and December,” adding that the impact of tariffs won’t be clear until next spring. (Source: Bloomberg)
The railroad operators have teamed to launch three new intermodal services.
Bob Doll, President, CEO & CIO of Crossmark Global Investments, says a September cut is a “done deal” after the latest U.S. jobs report. He tells Vonnie Quinn and Caroline Hyde on “The Close” that Powell made clear the Fed’s focus has shifted toward fighting unemployment. (Source: Bloomberg)
Dan Newman, CEO of Futurum Group, says the Intel, Trump agreement signals the U.S. is positioning to have its own chipmaking capacity on par with TSMC. He speaks with Vonnie Quinn and Caroline Hyde on “The Close.” (Source: Bloomberg)
Apple is in early talks to use Google’s Gemini to power a revamped Siri, a potential step toward outsourcing more AI technology. Bloomberg’s Mark Gurman speaks with Vonnie Quinn and Caroline Hyde on “The Close” about Apple’s next moves. (Source: Bloomberg)
The federal program supports universities with high numbers of Latino students. Trump officials said they wouldn’t defend it against a lawsuit, which could effectively end the program.
Evelyn Farkas, former Deputy Assistant Secretary of Defense for Russia, Ukraine, & Eurasia shares her thoughts on how much leverage President Trump has in stopping the war in Ukraine, and suggests that the President should enact secondary sanctions on Russia right away. She states that "the Russians have been misleading" President Trump and talks about what long term security guarantees the US and Europe can give Ukraine that Russia may agree to. Evelyn Farkas speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Solar farms and real estate: the latest cash grab for high-speed rail.
Also, the Fed chair signaled that interest rates could soon come down. Here’s the latest at the end of Friday.
Elon Musk tried to enlist Mark Zuckerberg for his unsolicited bid to buy OpenAI this year for almost $100 billion, the startup said in a court filing. OpenAI said Musk identified Zuckerberg, the chief executive officer of Meta Platforms Inc., as one of the people with whom he had communicated about potentially financing a deal to purchase the ChatGPT maker. Neither Zuckerberg nor Meta signed the letter of intent or participated in the $97.4 billion bid, OpenAI said in the filing. OpenAI’s board formally rejected Musk’s bid in February. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss Musk's OpenAI bid, Apple's potential Google AI partnership, and the US government's stake in Intel. (Source: Bloomberg)
Dominic LeBlanc, president of the King’s Privy Council for Canada and minister for Canada-US trade, explains why Canada is removing its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal. Speaking on “Balance of Power,” LeBlanc says he is optimistic Canada can work with President Donald Trump on trade.
Past experience has left some people skeptical that political change in Venezuela will come from the outside.
President Donald Trump met with Intel Corp. Chief Executive Officer Lip-Bu Tan at the White House to finalize a deal giving the US government a nearly 10% equity stake in the beleaguered chipmaker. Under the agreement unveiled Friday, the US will receive 433,323,000 shares of common stock — representing 9.9% of the fully diluted common shares in Intel — with the government pledging to release nearly $8.87 billion in funding under the Chips and Science Act, people familiar with the terms said, speaking on condition of anonymity to outline the deal before it was formally unveiled. Bloomberg News Economic Statecraft Reporter Joe Deaux joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Former Kansas City Fed President, Esther George, discusses whether or not when the Federal Reserve decides to cut rates will it risk Fed credibility. She also talks about Fed Chairman Jerome Powell’s speech at Jackson Hole, and how President Trump’s tariffs will impact inflation. Esther George speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Today on the Big Take: What the Federal Reserve’s Jay Powell said about the possibility of a rate cut in September.
With Turcotte in the saddle, Secretariat powered to victory in the Kentucky Derby and the Preakness in 1973 and then demolished the competition in the Belmont Stakes.
Wayfair led the decline in after-hours trading after President Trump announced a 50-day investigation to determine a tariff rate on furniture imports.
As President Trump asks Republican-led states to redraw congressional maps, some Indiana conservatives are pushing back. “They should leave it alone,” one legislator said.
Here are some of the major companies whose stocks moved on the week’s news.
Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc.’s, filed for an initial public offering, disclosing growing revenue and profit.
Embattled Salvadoran immigrant Kilmar Abrego Garcia was freed by a Tennessee court so he can return to his home state of Maryland while he fights US human smuggling charges.
Spirit is exploring strategic alternatives after its recent financial restructuring failed to put the budget carrier on a sustainable path, people familiar with the matter said.
The city’s corruption once had ambition to match its soaring skyscrapers. Indictments this week described cut-rate schemes with far lower returns — and there was that cash in a potato-chip bag.
The prospect of interest-rate cuts sparked broad gains in stocks.
Ether surged to a record for the first time in almost four years, with the second-largest cryptocurrency benefiting from a renewal in demand after long being touted as a more adaptable alternative to the crypto market leader Bitcoin.
Austria’s sovereign credit outlook was cut to negative by Moody’s Investors Service in the latest setback for the government’s efforts to mend its finances.
The move comes weeks after the agency drafted a preliminary report contradicting President Trump’s contention that U.S. strikes had “obliterated” nuclear sites in Iran.
The settlements are an about-face for the billionaire, whose company fought with former workers over whether it owed them severance pay.
JPMorgan Chase & Co.’s Andrew Carter is departing the firm after about three years of leading its private credit secondaries strategy, according to people familiar with the matter.
President Donald Trump said the US is conducting a “major Tariff Investigation on Furniture coming into the United States,” setting the stage for industry-specific levies.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Vonnie Quinn, Caroline Hyde, Tim Stenovec and Norah Mulinda. (Source: Bloomberg)
The transcripts and audio, covering two days of discussions between Ms. Maxwell and Todd Blanche, the No. 2 post at the Justice Department, are likely to raise as many questions as they answer.
Hedge funds slashed their bullish position on crude to the lowest in about 17 years as risks of additional sanctions on Russian crude waned, bringing concerns about a global supply glut back to the fore.
The G.O.P. chairman of a key House panel was forced to issue the subpoena after a few Republicans banded together with Democrats to push it through.
California governor’s social media campaign peps up Democrats and positions him for 2028 White House bid
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Unison Advisors Founder and Bloomberg Opinion Columnist Nir Kaissar, Bloomberg's Michael McKnee, Ira Jersey and Caroline Hyde. (Source: Bloomberg)
US corn yields are expected to reach a record high for the upcoming harvest, though the impact of hot temperatures and diseases may affect the outcome, according to final estimates released Friday by Pro Farmer following the end of its annual crop tour.
Bloomberg Intelligence’s Ira Jersey gives his thoughts on Jerome Powell’s comments at Jackson Hole and believes the Federal Reserve is going to cut interest rates in September. He speaks with Vonnie Quinn on ‘Bloomberg Markets.’ (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Norah Mulinda discuss Jerome Powell's speech from Jackson Hole spurring huge movement in the market. Bloomberg's Molly Smith and Eric Weiner break down the Fed Chair's speech and its implications. Webtoon Chief Financial Officer David Lee talks partnering with Disney, and Axiom Space Chief Executive Officer Tejpaul Bhatia breaks down launching a data server to ISS and the future of commercial spaceflight. (Source: Bloomberg)
A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.
The recent F.B.I. raid on John Bolton’s home makes clear that President Trump is perverting the justice system to intimidate his critics.
The Cboe Volatility Index (VIX) fell to its lowest level of the year on Friday, as US stocks surged following a highly-anticipated speech from Federal Reserve Chairman Jerome Powell that bolstered the case for a September interest-rate cut.
JPMorgan Asset Management Chief Global Strategist David Kelly warns that there are legitimate issues to worry about in the equity market and a Federal Reserve rate cut won't stimulate the economy at all. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Apple is in early discussions about using Google Gemini to power a revamped version of its Siri voice assistant. The work is part of an effort to catch up in generative AI, a field where the company arrived late and then struggled to gain traction. Bloomberg's Denitsa Tsekova reports. (Source: Bloomberg)
Bloomberg Opinion contributor Kathryn Edwards discusses the economic implications of the Trump administration's campaign against Fed governor Lisa Cook and the rocky relationship between the president and the Federal Reserve. (Source: Bloomberg)
Tejpaul Bhatia, CEO of Axiom Space, discusses the launch of a data server to the ISS, energy solutions in powering technology and the competition between the US and China in space. (Source: Bloomberg)
‘For nearly two decades, what has prevented progress hasn’t been Unifil’s performance but the lack of political will to enforce the resolution.’
As a handful of states have made moves and begun discussing redrawing their maps, here’s what’s at stake.
Those costs may be unappealing to newcomers, according to Bloomberg Intelligence.
We’re still at the Kansas City Federal Reserve Bank’s annual economic symposium in Jackson Hole, where we just heard Fed Chair Jerome Powell’s big speech. The speech — which opened the door to a September rate cut — proved to be a dovish surprise to the market and stocks are now soaring because of it. But why did Powell decide to focus on what he sees as “downside” risks to the labor market as opposed to “upside” risks to inflation? On this episode, we speak to Bloomberg TV’s Michael McKee, who’
It remains unclear what will happen next to Kilmar Armando Abrego Garcia. The Justice Department has said that if he was released from custody in Tennessee, it would likely seek to re-deport him.
BNP Paribas Head of US Credit Strategy Meghan Robson and Oaktree Head of Liquid Performing Credit David Rosenberg discusses Jerome Powell's comments at Jackson Hole, how the Fed's decision to cut rates affects the bond market and labour market. They speak with Vonnie Quinn on 'Real Yield.' (Source: Bloomberg)
Ukraine’s attacks—encouraged by President Trump have disrupted flows and triggered angry reactions from regional leaders.
Autonomous shipbuilder Saronic has laid the keel for its new 150-foot surface vessel, Marauder, intended for both defense and commercial use. CEO Dino Mavrookas says it will be the “fastest ship built in the US since World War II.” He speaks with Bloomberg’s Caroline Hyde from the company’s Louisiana shipyard. (Source: Bloomberg)
A reassessment of the iconic species has “some dramatic implications for how we view giraffe conservation across Africa,” a new study concludes.
President Trump offered a new—and familiar—deadline for the leaders of Russia and Ukraine to move forward with a peace process or else face possible U.S. retaliation, saying he’d make a determination within “two weeks.”
A former foreign minister, he founded an opposition political party and then served in the government as an unflagging negotiator with northern rebels.
A federal judge had ordered that much of the Florida immigration detention center be dismantled, a ruling Gov. Ron DeSantis called “preordained.”
The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.
A major increase in U.S. naval forces in the south Caribbean Sea has been underway since President Trump signed a directive targeting some cartels.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Tyler Kendall and Senior Editor Michael Shepard discuss the fallout from Jerome Powell's Jackson Hole Speech as President Donald Trump threatens to fire a top Federal Reserve official. On today's show, National Economic Council Former Director Lael Brainard, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino, and S-3 Group Partner Ashley Davis. (Source: Bloomberg)
Wall Street traders were waiting for a signal from Jerome Powell to keep a rally going, and they got it when the Fed chair struck a more dovish tone in a speech. The speech led to a surge in stocks and bonds, with Treasuries rallying and the S&P 500 Index rebounding from a five-day slide, and futures traders started pricing in a September rate cut. Bloomberg News' Molly Smith and Eric Weiner joined Tim Stenovec and Norah Mulinda on 'Bloomberg Buisnessweek Daily' to discuss. (Source: Bloomberg)
Justrite Safety Group is looking to the private credit market for approximately $700 million in debt, according to people familiar with the matter, while the firm has been seeking financing in the broadly syndicated market.
Nuveen Head of Fixed Income Strategy Tony Rodriguez says the reason Jerome Powell sounded dovish was because the Fed believes they are cutting rates from a restricted stance, the market offered an opportunity to do so and they are under a tremendous political spotlight. He speaks with Vonnie Quinn on 'Real Yield.' (Source: Bloomberg)
US tech companies are under pressure from foreign governments to censor speech, according to Federal Trade Commission Chairman Andrew Ferguson. In a letter to firms including Meta, Amazon, and X, Ferguson urged companies to safeguard US consumers. He speaks with Bloomberg Tech’s Caroline Hyde. (Source: Bloomberg)
Tom Keene and Lisa Abramowicz host a special edition of "Bloomberg Surveillance" live from Jackson Hole. Joining our show today, Federal Reserve Bank of Boston President Susan Collins, Peterson Institute for International Economics President Adam Posen, Bundesbank President Joachim Nagel, Former Philadelphia Fed President Patrick Harker, Former St. Louis Fed President Jim Bullard, Citi Wealth CIO Kate Moore, and Former Fed Vice Chair Rich Clarida. (Source: Bloomberg)
Representatives dismiss UK’s request for further information as not ‘necessary or appropriate’
Wall Street traders were waiting for a signal from Jerome Powell to keep a rally going, and they got it when the Fed chair struck a dovish tone during his speech in Jackson Hole. This led to a surge in stocks and bonds, with Treasuries rallying and the S&P 500 Index rebounding from a five-day slide. Now futures traders are pricing in a September rate cut. Meghan Swiber, Bank of America senior US rates strategist, and Tony Rodriguez, Nuvee head of fixed income strategy, react on "Bloomberg Real Yield." (Source: Bloomberg)
Boeing Co. and union leaders representing striking workers at its St. Louis-area defense factories will hold their first formal talks next week as they aim to end a three-week long impasse.
The country’s 25% tariff on roughly $21 billion of U.S. goods will no longer apply as of Sept. 1
The president’s comments follow his calls for the resignation of Intel’s chief executive this month.
President Donald Trump said Intel Corp. had agreed to give the US government a 10% equity stake in the beleaguered chipmaker, with a formal announcement expected on Friday, according to people familiar with the matter. “They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House. Trump cast the agreement as one that would revitalize the company, saying that “Intel has been left behind” compared to competitors in the chipmaking industry, and that he had floated the idea when he met with Intel Chief Executive Officer Lip-Bu Tan earlier this month. (Source: Bloomberg)
The once-united clan is creaking under the pressure, leaving the coalition of center-right parties in their orbit in disarray
Trump administration officials have accused the Federal Reserve governor of mortgage fraud and called for her to resign.
Group had been in talks with Washington over turning federal grants into an equity position
In his seven months back in office, President Trump has declared nine national emergencies, plus a “crime emergency” in Washington. Those emergency declarations have been used to justify hundreds of actions — including immigration measures, sweeping tariffs and energy deregulation — that would typically require congressional approval or lengthy regulatory review, according to a New York Times analysis of presidential documents.
The crash, which occurred about 30 miles east of Buffalo, caused multiple injuries and shut down part of one of western New York’s main highways, officials said.
The Education Department said an investigation had found the public university and Gregory Washington, its first Black president, had supported diversity programs it views as discriminatory.
Canada will remove its retaliatory tariffs on numerous US products that comply with the existing North American trade deal. Prime Minister Mark Carney announced the decision Friday following a meeting with his cabinet. Brian Platt of Bloomberg Government Canada has more.
After several decades in which economic technocrats enjoyed a large degree of autonomy, they are under intense pressure from the Trump administration
Congressional Budget Office estimate offsets concerns about fiscal effects of Donald Trump’s tax bill
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Nuveen Head of Fixed Income Strategy Tony Rodriguez, BoFA Securities Senior US Rates Strategist Meghan Swiber, BNP Paribas Head of US Credit Strategy Meghan Robson and Oaktree Head of Liquid Performing Credit David Rosenberg. (Source: Bloomberg)
Panel members have been given a broad mandate, despite pleas from C.D.C. employees asking Robert F. Kennedy Jr. to stop spreading misinformation.
The move comes after days of discussion in Washington about options for the troubled American chipmaker’s future.
The move comes after days of discussion in Washington about options for the troubled American chipmaker’s future.
President Donald Trump announced Friday that Washington’s John F. Kennedy Center for the Performing Arts will host the draw for the 2026 FIFA World Cup on Dec. 5. (Source: Bloomberg)
It remains unclear whether the National Guard soldiers will be armed as they walk through the city.
Strathcona Resources Ltd. founder Adam Waterous said his company will vote against Cenovus Energy Inc.’s acquisition of MEG Energy Corp., saying the oil sands producer’s board accepted an inferior offer in an attempt to thwart his own bid.
After cutting short a previous agreement, the sides are in advanced talks on a new pact that would incorporate MLB.tv into ESPN’s streaming service.
It isn’t just members of the MAGA faithful who are feeling let down.
Tiny stuffed animals that use magnets to stay perched on your shoulder have become a must-have accessory for some theme park superfans.
Apple Inc. is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential step toward outsourcing more of its artificial intelligence technology.
The California High-Speed Rail Authority expects to begin passenger service on the Central Valley segment of its long-delayed San Francisco-to-Los Angeles line by 2032, at least a year earlier than a previous Inspector General report estimated, according to a new agency review.
Canada’s leader said he would follow the United States in dropping tariffs against American goods covered by the existing free trade agreement.
Netskope Inc., a cloud security provider, filed for a US initial public offering, disclosing growing revenue and shrinking losses.
Amid suffocating temperatures, the Iranian authorities are closing public offices and cutting water and electricity as the country struggles with an energy crisis.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Citigroup Inc. has named Erik Savola as head of corporate banking for Europe as the US bank continues to beef up its investment banking franchise.
The historically Black university has faced the possibility of a Trump administration budget cut, and students were outraged over billing troubles.
America’s wealthiest community isn’t New York or San Francisco — it’s Jackson Hole, Wyoming. Once an isolated ranching valley, Teton County has become a haven for billionaires, who are lured by natural beauty, tax advantages, and cowboy culture. But rising real estate prices and deep inequality now test whether this community can preserve its traditions and spirit. (Source: Bloomberg)
Stephen Kotkin, the pre-eminent historian of Russia, on Moscow’s long record of overreach, Biden’s Ukraine failure, and prospects that Kyiv can ‘win the peace.’
Labour’s speedy failure after trouncing the Tories may accelerate the U.K. search for new leadership.
The European Union expects its bond market to continue to develop with further issuance programs and futures contracts, even though its push to join sovereign debt indexes has failed so far.
President Donald Trump said he would fire Lisa Cook from the Federal Reserve’s Board of Governors if she does not resign over mortgage-fraud accusations. Lisa Abramowicz reports.
Prime Minister Mark Carney announces removal of 25 per cent tariff from many US goods it had targeted
The Medicaid cuts passed in President Donald Trump’s “Big Beautiful Bill” could push rural hospital systems out of the municipal bond market, according to Columbia Threadneedle Investments.
It is not clear what evidence the authorities have that John Bolton mishandled classified information, but President Trump’s efforts to punish rivals immediately stoked questions about the investigation.
Federal Reserve Chair Jerome Powell leads fellow central bankers on a traditional walk at the Jackson Lake Lodge in Jackson Hole, Wyoming at the Fed's annual symposium. He's joined by Andrew Bailey from the Bank of England, ECB President Christine Lagarde and Kazuo Ueda, Bank of Japan Governor. (Source: Bloomberg)
Swedish prosecutors probing Alecta have dropped two counts of so-called aggravated bribery against the pension fund, according to official documents seen by Bloomberg News.
Also: an interim CEO at Wealth One Bank of Canada
Canada will remove its 25% tariff on about half of the U.S. goods it has targeted since March, according to people familiar with the matter, as a sign of goodwill from Ottawa as it tries to reset its trading relationship with the U.S.
Country Garden Holdings Co. said its first-half loss could reach as high as $3 billion with the China’s prolonged property crisis continuing to weigh on the the embattled developer.
The company’s comparable-club sales rose 2.3% excluding fuel sales, below analyst expectations, as shoppers across all income levels were more stressed.
Richard Clarida, global economic advisor at Pacific Investment Management Co. (Pimco), reacts to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
For much of this month, Wall Street traders piled into stocks and bonds, betting that the Federal Reserve was finally ready to start cutting interest rates again. All they were waiting on was the green light from Jerome Powell to keep the rally going.
It may only be mid-August, but there’s already a back-to-school feeling in the air. The weather is slightly cooler, the blackberries in the park are nearly ripe, and colleagues are trickling back into the office after their holidays.
Investors’ expectations of lower interest rates were reflected in the major stock indexes and lower government bond yields.
Childhood encouragement, libraries and government support can reverse the trend
Moody’s Ratings downgraded the creditworthiness of Spirit Airlines by two notches, to Caa3, after the beleaguered airline drew down $275 million of its revolving credit facility to avert a cash crunch.
It is not just a scourge of the Middle Ages. Plague still exists, though it is rare. Here’s what to look for and how to protect yourself.
Emirates Global Aluminium said its bauxite mining operations in Guinea will be brought to an end after its mine was expropriated by the government.
The SEC’s new regime under Paul Atkins is taking a friendlier approach to crypto, epitomized by Project Crypto, its blueprint for merging traditional and digital finance. In this week’s Votes and Verdicts podcast, Bloomberg Intelligence analysts Elliott Stein and Nathan Dean are joined by BI’s Head of Market Structure Research, Larry Tabb, to discuss the opportunities and challenges. Tabb gives a detailed explanation of the project, with the discussion covering the potential ramifications for tr
Are nostalgia, a new chief executive and seafood boil bags enough to save the seafood chain after more than 60 years?
Ventas Inc. is buying a senior housing portfolio on New York’s Long Island for more than $600 million, according to people familiar with the matter.
European Central Bank Governing Council Member Joachim Nagel says "the bar is high" to issue another interest rate cut. Speaking to Bloomberg TV’s Lisa Abramowicz and Tom Keene, the Bundesbank president said the euro zone is in a “kind of equilibrium,” with inflation and interest rates both at 2%. Nagel is in Jackson Hole, Wyoming for the Federal Reserve's annual symposium. (Source: Bloomberg)
Former Finance Minister Mario Marcel helped reduce the perception of risk in Chile to the lowest level in years, no mean feat in a government that originally intended to overhaul the country’s free-market economy and backed a rewrite of the constitution. His surprise resignation Thursday jolted traders.
Codelco lowered its production guidance after a fatal accident at its biggest mine hindered efforts to recover from deteriorating ore quality, hurting the company’s chances of retaining its status as the world’s top copper supplier.
Former Federal Reserve Bank of St. Louis President James Bullard reacts to Fed Chair Jerome Powell’s speech at the central bank’s annual conference in Jackson Hole, Wyoming. Bullard, who is a contender for the next Fed chief, says the central bank can cut rates by 100 basis points going into 2026. He speaks with Lisa Abramowicz and Tom Keene on a special edition of “Bloomberg Surveillance.”
Federal Reserve Chair Jerome Powell pointed to rising risks for the labor market even as worries over inflation remain as he carefully opened the door to an interest-rate cut in September. He spoke Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming. (Excerpt of the full speech due to technical difficulties.) (Source: Bloomberg)
President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.
A key gauge of US bank stocks headed for its first record close since January 2022, with the latest leg higher coming after investors speculated Federal Reserve Chair Jerome Powell signaled a willingness to cut rates next month.
India’s top bourse will add the country’s number one airline company and the most valuable hospital chain by market capitalization to its benchmark index at the end of September.
China's ambassador to India, Xu Feihong, says China will stand firmly with India and opposes President Donald Trump's tariffs of up to 50% on Indian exports. Kate Kalutkiewicz, a former Trump trade official and Mclarty Associates lead for trade, says this is China just trying to win the rhetoric game. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
European nations have fallen far behind in economic dynamism and military clout. Will the continent that once ruled the world become a bystander to history?
The longtime news anchor recently began working for a financial firm connected to CBS’s new parent company and has spoken with the network’s owner, David Ellison, several times.
Ukrainian president says he does not ‘quite understand what guarantees the aggressor needs’
Federal Reserve Chair Jerome Powell talks about the impact of President Donald Trump's tariffs on consumer prices and inflation. Powell says inflation has been above their target level for more than four years and remains a "prominent concern for households and businesses." He speaks at the Fed's annual conference in Jackson Hole, Wyoming. (Source: Bloomberg)
Former Federal Reserve Bank of Philadelphia President Patrick Harker says he thinks his call for two Fed rate cuts this year is still appropriate during an interview with Bloomberg Television on the sidelines of the central bank's annual conference in Jackson Hole, Wyoming. (Source: Bloomberg)
Accepting Russia’s illegal land grab in Donetsk and Luhansk would signal to dictators everywhere that violence pays
President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.
A site that produces helium for Russia’s arms and aerospace industries appears to be largely intact following a Ukranian drone attack last week, satellite imagery shows.
Dozens of emails related to a 2018 Trump tweet over the monthly jobs report are a good reminder that the president’s relationship with the Department of Labor unit has long been acrimonious.
“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Federal Reserve Chair Jerome Powell says at the Fed’s annual conference in Jackson Hole, Wyoming.
The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment are balanced.
President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.
Plus, a secretive space plane, fake sites and gambling on AI models, in this edition of The Future of Everything newsletter.
Hi, it’s Swetha Gopinath in London, catching up with a senior executive at Moonfare about the private equity investment platform’s US plans. Elsewhere, PE’s cash crunch spawns even more newfangled financing and junior bankers win pay hikes in Hong Kong.
Federal Reserve Bank of Boston President Susan Collins discusses the central bank’s dual mandate, why she sees monetary policy as “modestly restrictive,” and says the decision at the September Federal Open Market Committee meeting is “not a done deal.” She speaks on the sidelines of the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
The Democratic Republic of Congo’s new central bank governor is on a mission to restore faith in the nation’s currency and reduce its reliance on the US dollar, which is used for nearly 90% of domestic transactions.
The economic outlook would need to shift significantly for the European Central Bank to lower borrowing costs again, according to Governing Council member Joachim Nagel.
Boston Fed President Susan Collins spoke with Bloomberg before Powell's speech at the Jackson Hole economic symposium, Collins stated that job growth slowing but arguments for taking more time, not a done deal on what we do at the next meeting and policy is modestly restrictive, which is appropriate. (Source: Bloomberg)
Central bank chair warns of ‘challenging situation’ with tariffs pushing up inflation and jobs market cooling
Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.
In September, the Book Review Book Club will read and discuss Jane Austen’s classic, about the tortured romance of two people frazzled by miscommunications and assumptions.
The gaokao is China’s college entrance exam, but it shapes the country and its people far beyond the classroom.
Elite universities are again stuck with illiquid assets just when they badly need cash.
The Fed faces a “challenging situation” as tariffs drive up costs while the labor market appears to be softening, Powell is expected to say in a widely anticipated address.
Cava CFO Tricia Tolivar discusses the fast casual chain's plan to keep customers coming back as casual restaurants see a spending slowdown. Tolivar says restaurant renovations and trendy items could be the key. (Source: Bloomberg)
US equities rose at the open on Friday after five days of losses, as traders braced for a crucial speech by Federal Reserve Chair Jerome Powell that’s expected to offer near-term direction on the path of interest rates.
Federal Reserve Bank of Boston President Susan Collins says “a range of possibilities is on the table” for the September Federal Open Markets Committee meeting. Collins finds monetary policy “is kind of modestly restrictive” and appropriate for the moment. She speaks on the sidelines of the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
Worldline SA has lost its investment grade rating from S&P Global Ratings, posing a fresh challenge for the French payments firm.
Narendra Modi is warming up to China and plans to meet President Xi Jinping next week. Here's how Trump’s tariff barrage pushed Modi into action. (Source: Bloomberg)
A Musk-led consortium offered $97.4 billion to buy OpenAI as part of his continuing legal battle with the company he co-founded alongside Sam Altman.
With the United States hosting two sets of Olympic Games and the World Cup, lawmakers are pressing for the State Department to step up its sports diplomacy.
China’s Goldwind Science & Technology Co., the world’s largest wind-turbine maker, saw profits climb in the first half of the year after a surge in domestic demand.
Jeffrey Katzenberg takes stake in Kimbal Musk’s venture that aims to create new form of family-friendly storytelling in the sky
It was the clearest sign yet that President Trump’s push for an imminent summit was faltering.
The ex-leader, Ranil Wickremesinghe, was arrested amid government investigations into widespread bribery and graft.
Bolton has emerged as a staunch critic of the US president
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
China Vanke Co. reported a wider first-half loss, underscoring ongoing challenges even after the developer received a financial lifeline from its hometown government in Shenzhen.
The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.
At its most cynical, egg freezing perks feel like yet another way of trying to control women’s bodies
Currency options pointed to the most bullish sentiment on the dollar in three weeks as traders bet Federal Reserve Chair Jerome Powell won’t take an overly dovish stance on interest-rate cuts.
Ukrainian President Volodymyr Zelenskiy said he’s not in contact with the Russian side on potential peace talks even as his dialog with US continues.
Upcoming solar projects valued at more than $7 billion in the Indian state of Rajasthan have stalled after conservation efforts to safeguard a native bird led to bottlenecks in transmission approvals, according to an industry group.
Investors are clamoring to buy the one kind of security that few companies want to sell now: long-dated bonds.
Logistics company ShipBob says more e-commerce brands want space in special warehouses that help ease tariff burden.
A panel of food security experts have determined that part of Gaza is suffering from famine, and that it could spread to the rest of the enclave within weeks.
The country wants to double its clean-power capacity to 500 gigawatts this decade. Size helps.
The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?
Health secretary terminates meetings after lobby group refuses to accept offer
Fraud on country’s sovereign wealth fund was one of the biggest in history
Good morning. All ears are attuned to Jerome Powell’s speech in Jackson Hole. AI stirs (more) hiring drama. And Oracle co-founder Larry Ellison is making catamarans cool again. Listen to the day’s top stories.
A French financial services association is urging lawmakers to further rein in the cost of firing some senior staff, after a cap on severance pay was introduced only last year.
Bitcoin, once the unruly child of finance, is showing signs of maturity as its wild swings fade, forcing speculative traders to hunt for a new playground.
Lengthy and increasingly fraught negotiations on drug pricing between the UK government and major drugmakers ended without an agreement on Friday, a stalemate the industry warned puts future investment at risk.
The North’s leader, Kim Jong-un, publicly consoled bereaved families, as well as awarding medals to soldiers returning from the force he has sent to aid Russia.
The Trump administration will not press chipmakers that are boosting their US investments to offer equity in exchange for funding, such as from the Chips Act. Maeve Sheehey of Bloomberg Government has more.
China is no longer in the market, prices are already low and now there’s going to be a big harvest.
Buyout firms are putting new spins on older methods of money-gathering.
Rising electricity demand, in part due to AI needs, along with the increasing cost of alternatives should cushion the impact for green energy.
“If you can drive the brain’s naturally occurring activity, what you can get is the biologic expression that is important for brains to maintain and protect themselves,” Cognito Therapeutics’ CEO Christian Howell tells Bloomberg Intelligence in this episode of the Vanguards of Health Care podcast. Howell sits down with BI analyst Matt Henriksson to discuss the company and its Spectris device — a non-invasive therapeutic intervention designed to use gamma waves to preserve brain structure and fun
The spread between French and German power prices rose the most since March this week, as concerns over nuclear outages fade and gas advances.
One of India’s biggest trading blunders in recent years occurred because of a mistaken case of a ghost order, according to people familiar with the matter.
After a prolonged wind drought earlier this year that cut earnings at utilities, weather traders are ramping up bets to protect themselves against the next bout of calm conditions in Germany.
Nvidia has instructed component suppliers including Samsung Electronics and Amkor Technology to stop production related to the H20 AI chip, the Information reported, citing unidentified sources. China used an event marking the final stretch before its biggest diplomatic huddle of the year to accuse the US of “threatening world peace,” in a thinly veiled critique of the rival superpower just before it hosts a key gathering of global leaders. --- The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
We look at the relationship between digital stars and their followers.
Bavarian Nordic A/S’s chief executive officer says the proposed buyout offer from two private equity firms underscores the capital needed to back the Danish biotech’s ambition of becoming a global vaccine powerhouse.
Cenovus Energy Inc. agreed to acquire MEG Energy Corp. in a cash and stock transaction valued at about C$7.9 billion ($5.7 billion), inclusive of assumed debt.
Lactalis’ acquistion of a New Zealand dairy cooperative solidifies its position as the world’s biggest seller of milk-based products
Private equity firms keep ginning up ways to get cash into the hands of investors as a deal drought extends into its third year.
JPMorgan Chase & Co. will pay 1.4 billion ringgit ($330 million) to Malaysia to resolve all existing and potential claims relating to the sovereign wealth fund 1MDB, a move that will end its exposure to one of the biggest financial frauds in history.
Hang Seng Indexes Co. added Pop Mart International Group Ltd., JD Logistics Inc. and China Telecom Corp. to its Hong Kong stock benchmark following its quarterly review of members.
Traders look to Jay Powell at Jackson Hole for rate clues. Peter Navarro credits Ukraine talks for EU trade breakthrough. Cash-mad Germans join stock frenzy. Guests include, Ursula Marchioni, Blackrock, EMEA head of investment & portfolio solutions Dalia Marin, Tecnische Universitat Munchen, professor (Source: Bloomberg)
Powell’s Jackson Hole speech could undermine bullish bond bets, trigger renewed currency volatility.
India’s top energy firms are advocating for nuclear power to decarbonize the world’s third-biggest emitter, while cautioning that electricity from reactors needs to be affordable to substitute coal.
Chinese-owned platform tells members of its trust and safety team in London that their jobs are at risk
Malaysia’s southernmost state Johor became the country’s top investment destination in the first half of 2025, with officials attributing the success to its special economic zone with neighbor Singapore.
Polls show voters are growing restless with Friedrich Merz, raising pressure on the chancellor to deliver on the domestic stage.
Plus, your Friday news quiz.
Jensen Huang said he was “surprised” by questions about his company’s chips, given China’s eagerness to acquire them for advanced A.I systems.
European Central Bank officials are increasingly convinced they can keep interest rates unchanged in September, according to people familiar with the matter who don’t see the trade deal between Brussels and Washington causing major economic concerns.
At least half a million people in the enclave were facing the most severe conditions measured by U.N.-backed international experts: starvation, acute malnutrition and death.
Europe’s scorching temperatures are curbing corn crop production, putting the European Union on track for its highest imports in three seasons.
Wages in the eurozone rose at a slightly faster pace during the three months through June as unemployment remained at record lows.
Celsius is benefiting from the narrowing price gap between energy drinks and other caffeinated beverages.
Brinker International-owned chain has delivered strong profit, despite challenging year for restaurants.
The stock market’s path to further records faces a potential road block if the Federal Reserve slows its expected pace of interest rate cuts — or abandons the idea altogether.
The tax-and-spending legislation enacted in July has tax breaks for some savers but makes an already-complex process trickier.
The online DeepState map, based on geolocated combat footage and tips from Ukrainian Army sources, draws 900,000 views each day and acts as a counterbalance to the military’s omissions.
Poland’s plan to hoist taxes on banks sent investors scurrying for cover amid concerns over the country’s bloated budget.
Ursula Marchioni, investment and portfolio solutions EMEA head at BlackRock, discusses the outlook for equities and why she favors a diversified, defensive approach in the current climate. She speaks on Bloomberg Television. (Source: Bloomberg)
International food-security experts said a famine has taken hold in the Gaza City area, the first-ever such determination in the Middle East and one that puts more pressure on Israel.
A key measure of euro-area pay growth jumped, supporting caution by the European Central Bank on further reducing interest rates.
Rachael Bedard and David Wallace-Wells on Covid disillusionment and the rise of the MAHA movement.
The reduction would be the largest single-year decline in civilian federal employment since World War II.
Lyle Menendez has his hearing Friday. Several of the concerns raised in denying parole to Erik suggest Lyle faces considerable hurdles in his own bid for release.
The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn.
Some parents are reliving a golden era of boy bands and girl groups — “but now I’m handing out juice boxes instead of dancing like a rave with a glow stick,” one said.
Driving may be faster, but the inaugural train trips between Mobile, Ala., and New Orleans this week drew travelers eager for a different kind of adventure.
Alex Kachkine spends his days working on microchip research — a skill set surprisingly similar to that needed for restoration.
Gerrymandering is a form of cheating. And it is preventable.
The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says.
His role in the dramatic HBO comedy “Somebody Somewhere” earned him his first Emmy nomination. It was also, more or less, his first major role.
“I don’t think it’s time to push the panic button yet,” an expert said, after rising reports of swarms and stings for beachgoers in parts of the Eastern Seaboard.
The company famous for car radio and Howard Stern has recently climbed the podcast charts by betting hundreds of millions of dollars on shows like “Call Her Daddy” and “SmartLess.”
The Foundation for Individual Rights and Expression has long been a critic of progressive campus culture. Now it’s taking on new, and surprising, targets.
The decommissioning would leave the United States with no icebreaker to study the southern seas and cede scientific leadership to rival countries like China.
The conflict that has put rebels in control of much of the east of the country has left victims with no legal recourse and dismantled many of the clinics that offered care.
In the crucible of Bolivia’s socialist revolution, 13,000 feet above sea level, Indigenous voters are celebrating the rout of a ruling party many once lauded as their champion.
More than a decade after the sovereign debt crisis, Greece is once again at loggerheads with investors. This time the dispute is around a buy back rather than an inability to pay.
Jackson Hole in focus as US stocks fall for a fifth straight day and traders trim bets for a September rate cut. We preview Jerome Powell's big speech in Wyoming. The EU and US outline plans that could cut tariffs on European cars and offer discounts on steel and aluminum, within weeks. Plus, Nvidia hits pause on its H20 chip, reportedly telling suppliers including Samsung to stop work on the AI processor, after Beijing urged local firms to avoid it. Plus our guest Chris Ballance, Oxford Ionics Co-founder and CEO discusses a brand new state-of-the-art quantum computer the firm has unveiled in the UK. (Source: Bloomberg)
Europe’s largest economy contracted 0.3% as exports and investment dropped
Gold fell, though prices were largely rangebound as traders eased expectations for imminent U.S. rate cuts.
Some US metal dealers are redirecting China-bound shipments of scrap copper through countries including Canada, Mexico and Vietnam in a risky move to avoid 10% import tariffs, according to people familiar with the matter.
Oil prices rose on fading optimism for a cease-fire between Russia and Ukraine.
European natural gas prices are headed for the first weekly gain in three as the initial optimism over US President Donald Trump’s efforts to end Russia’s war in Ukraine wanes.
Activist investor Cevian Capital acquired a 3% stake in AkzoNobel NV as the Dulux-paint maker overhauls its strategy.
Paul Skinner, investment director at Wellington Management, says Federal Reserve Chair Jerome Powell's Jackson Hole speech later today could mark a turning point in terms of expectations on the path of interest rates. "We do believe that he's going to be quite hawkish. Or he's certainly not dovish," Skinner tells Bloomberg Television. (Source: Bloomberg)
Petr Kellner Jr. has agreed to sell his 10% stake in PPF Group NV to the rest of the Czech billionaire family that already holds a controlling stake in the company, Hospodarske Noviny reports.
Shares jump to record high after AI start-up adapts model for ‘next generation of domestic chips’
Shares of companies across the semiconductor supply chain were leading gains in Hong Kong and China, receiving a boost from hopes that more chips will be manufactured locally.
Mark Cudmore, Anna Edwards and Guy Johnson break down today’s key themes for analysis and investors on “The Opening Trade.” (Source: Bloomberg)
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
In Edison, thousands of immigrant workers toil in hundreds of warehouses, sorting millions of boxes arriving from nearby ports.
Thanks to Hurricane Erin, conditions are ideal for the urban surfer: giant waves and no swimmers.
Historically world-class savers, but wary investors, cash-mad Germans are finally joining the stock market frenzy. Isolde Macdonogh explains what’s fueling the shift. (Source: Bloomberg)
Historically world-class savers, but wary investors, Germans are finally joining the stock market frenzy. Isolde Macdonogh explains what’s fueling the shift.
GDP fell 0.3% on quarter in the three months to the end of June, with industry faring worse than anticipated as U.S. tariffs hurt exports.
As the German stock market booms for a third year, racking up gains of more than 20% in 2025, the number of Germans who own equities is up 44% from a decade ago, and the assets in exchange-traded funds have soared an estimated 200% since 2017 to €343 billion ($400 billion), industry data show. Bloomberg's Isolde MacDonogh reports. (Source: Bloomberg)
Germany’s economy shrank more than initially estimated in the second quarter due to a much weaker performance by manufacturers following a surge in US business at the start of the year to avoid tariffs.
Japan’s 30-year government bond yields climbed to a fresh record, as concerns over sticky inflation and rising fiscal risks continue to weigh on sentiment.
The dollar edges higher, while Treasury yields are broadly steady
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Porn streamer paid $5.8bn to content creators last year as Leonid Radvinsky holds talks over offloading majority stake
Gold Fields Ltd., a miner of the precious metal in Africa, Australia and South America, said first-half profit more than doubled after bullion prices soared and production rose.
Good morning. British people are feeling better about their money. The European Union is still trying to get the US to lower its tariffs on wine. And finally, Germans are joining the stock frenzy. Listen to the day’s top stories.
Ken Griffin’s $68 billion hedge fund firm Citadel is expanding commodities trading to Australia, hiring Shell Plc senior trader Keith Handbury, according to a person familiar with the matter.
Cambricon Technologies Corp., China’s best-performing stock in 2024, has more than doubled from a July low as momentum builds around the country’s push for semiconductor self-sufficiency.
Mukesh Ambani, India's richest man, was once cozy with the Trumps. Now he’s caught in the middle of US-India trade tensions. (Source: Bloomberg)
Former Thai leader Thaksin Shinawatra was cleared of royal defamation charges by a criminal court in Bangkok. Bloomberg's Ramsey al-Rikabi explains what it could mean for the political dynasty and investors in the Southeast Asian nation. (Source: Bloomberg)
Tesla billionaire made offer for ChatGPT maker’s core business in February
Hi, this is Slav Okov in Sofia. Welcome to our weekly newsletter on what’s shaping economics and investments from the Baltic Sea to the Balkans. You can subscribe here.
Also, a war photographer’s return to Afghanistan.
Hi, this is Charlie Zhu in Shanghai.
Nvidia has instructed component suppliers to stop production related to the H20, The Information reported, following news Beijing urged local companies to avoid using the AI chip designed specifically for the Chinese market. Nvidia chief Jensen Huang, meanwhile, told reporters in Taiwan that the company assured there were no "security backdoors" on those chips, after China voiced concerns. Ed Yardeni, president at Yardeni Research, explains what it could mean for the AI race and tech stocks. He speaks on Bloomberg Insight. (Source: Bloomberg)
Boeing Co. is heading closer toward finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end a sales drought that stretches back to US President Donald Trump’s last visit in 2017. Bloomberg's China Correspondent Minmin Low reports on what we know so far. (Source: Bloomberg)
Investors are avoiding Japan’s super-long bonds with lower coupons in a bearish trend that risks spreading to other tenors before they close their books at the end of next month.
The sprawling immigrant detention camp known as Alligator Alcatraz must be wound down and dismantled, a federal judge said, dealing a setback to Florida’s push to help President Donald Trump’s campaign to deport millions.
One company has a military drone factory and the government has started an investigation.
More and more of the numbers needed to guide policy are going dark
Lloyds, NatWest, Halifax and Bank of Scotland set to close another 113 branches before end of November
Equity rally, concern about pensions are drawing money out of bank accounts.
Concern over competitiveness raises possibility of digital currency using public rather than private blockchain
Despite fears of a sharp downturn amid foreign visitor boycotts, the sector has had a decent summer. But some predict the problems have only been delayed
As Trump’s America steps back from the global stage, there are openings for post-Brexit Britain to lead
New-York based bank puts focus on teaming up as it tries to net bigger corporate deals
Bankers hired from Credit Suisse help Spanish lender become sole bookrunner on series of blank cheque deals
Central banks in Asia have started cutting interest rates more aggressively than expected, and others may join the fray in the coming months, as they seek to counter the drag on growth from President Donald Trump’s tariffs.
Short positions rise as sector hit by trade war and Chinese competition
The bank’s new Manhattan headquarters is a physical manifestation of its unparalleled position
China’s 30-year government bond auction fetched the highest yield since December, reflecting pressure from stronger demand for risk assets and the resumption of a tax on certain debt investments.
A California parole panel said Mr. Menendez should not be released from prison, 36 years after he and his brother, Lyle, killed their parents. Lyle’s parole hearing is Friday.
From racetracks and boxing rings to factory floors and restaurants - Asia has been a frontrunner in robot adoption. Firms in the region are pushing the boundaries of innovation to make machines that look more like us. The third episode of Bloomberg Tech: Asia explores the flashy humanoid developments coming out of China with one of the country's rising stars -- plus, insights on the future of Japan (and humanity) with the man known as the 'father of humanoids,' Hiroshi Ishiguro. Counterpoint Research joins anchors Shery Ahn and Annabelle Droulers to discuss whether the humanoid hype has legs. (Source: Bloomberg)
CapitaLand Investment Ltd. is considering providing rescue capital to listed Hong Kong companies as they would likely be among the first to benefit if the troubled property market recovers, according to an executive.
Trading activity in Chinese lithium futures has surged, with investors facing heightened levels of volatility as speculation around supply uncertainty swirls.
New Zealand’s central bank should establish a prudential policy committee and appoint new board members with bank regulation expertise, according to a recommendation from a parliamentary inquiry into banking competition.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Chinese surgical robot firm Edge Medical, backed by Singapore state investor Temasek Holdings Pte, has filed confidentially for a Hong Kong initial public offering, according to people familiar with the matter.
The epicenter of the 7.5-magnitude earthquake was in the Drake Passage, a body of water between the southernmost tip of South America and Antarctica.
Thaksin Shinawatra, who has long jostled for power with Thailand’s military-royalist establishment, faces up to 15 years in prison.
Philippine casino operator Hann Holdings Inc. has postponed its initial public offering that was supposed to take place next month, according to its Chief Executive Officer Dae Sik Han.
Concerned citizens and bartenders are campaigning to end the lines snaking out of pubs. “I know this is England, but please stop queuing.”
China has succeeded in matching or surpassing Western industrial technology in cars and trains.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Hazardous tsunami waves from a earthquake in Drake Passage are possible within the next three hours along some coasts of Chile, Pacific Tsunami Warning Centers said.
Laura Wang, Morgan Stanley Chief China Equity Strategist, speaks on Bloomberg's The China Show about the prospects for China's equities rally to continue. (Source: Bloomberg)
Malayan Cement Bhd. expects future infrastructure projects driven in part by Malaysia’s rapidly growing urban population to act as a long-term growth catalyst.
Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. probably saw earnings impacted by weaker loan demand amid limited government stimulus and a sluggish economy.
The Trump administration highlighted material dealing with topics like sexuality, slavery and immigration.
The actress is luminous, alongside her look-alike brother Junior Nyong’o, Sandra Oh and Peter Dinklage, in Shakespeare’s comedy at the newly revived Delacorte Theater.
The Reserve Bank of New Zealand doesn’t need to be too stimulatory with policy because it views the recent lull in economic activity as temporary, according to Chief Economist Paul Conway.
A judge ruled that the state and federal governments acted illegally by not conducting an environmental review before building the center in the Florida Everglades.
A Black Hawk was attacked by cocaine-trafficking group, officials said, the latest in an escalating series of drone attacks against security forces.
A wild divergence in Taiwan’s cross-border capital flows in the second quarter is raising the prospect of higher volatility in the local dollar.
Lawmakers allocated $6 billion this fiscal year for PEPFAR, the H.I.V. prevention and treatment program, but the administration has indicated it will release less than half of that.
China has captured the world’s attention in humanoid advancements, challenging the dominance of traditional players like the US, Japan and Korea. Bloomberg Tech: Asia's Annabelle Droulers reports on how China has built an industry so big, and so fast. (Source: Bloomberg)
University of Osaka professor and prolific robot developer Hiroshi Ishiguro sees a future where humans and humanoids co-exist. Bloomberg stepped inside his vision at the Osaka Expo 2025, and he explains why he's obsessed with creating lifelike robots, and what these machines can teach humans about themselves. (Source: Bloomberg)
At the turn of the millennium, Honda unveiled Asimo - an embodiment of Japan's longstanding embrace of robots. 25 years later, fast-paced humanoid developments out of China have dominated headlines. (Source: Bloomberg)
Cesar Atencio and Lina Arias wanted a better life. Instead, they faced gangs, kidnappers and a closed border. Their journey toward the U.S. shows a region reshaped and a dream reimagined.
Recent optimism has faded, and President Trump is looking for new answers.
Walmart, Amazon and T.J. Maxx are beating out rivals by offering deals to stressed-out consumers.
The Fed unveiled a strategy five years ago for worries that the economy outgrew. Now, it will formally reset.
Nissan Motor Co. revamped one of its more popular lightweight kei cars as the Japanese carmaker refreshes its aging lineup.
Shares of Guzman y Gomez Ltd. tumbled by the most since its Sydney listing last year after the Mexican-themed fast-food chain flagged a sales slowdown in its Australian restaurants.
Gold was steady as traders lowered their bets on rate cuts ahead of the Federal Reserve’s symposium at Jackson Hole, as strong US manufacturing data added to policymakers’ concerns over inflation.
Zip Co. shares jumped as much as 24% on Friday after the Australian digital payments platform said it was considering a dual listing on the Nasdaq, as part of its push to expand in its key growth market.
A wildfire erupted near the California tourist town of Calistoga on Thursday, prompting the evacuation of nearby wineries and some rural residences.
Nvidia Corp. has instructed component suppliers including Samsung Electronics Co. and Amkor Technology Inc. to stop production related to the H20 AI chip, the Information reported, citing unidentified sources.
Bond investors are heading into Friday’s much-anticipated Jerome Powell speech largely expecting the Federal Reserve chair will indicate policymakers will start cutting interest rates next month.
To seize its opportunity to become a global force in solar power, nation must address tariff tensions and fix a supply chain still hugely reliant on Beijing.
Proponents see Ethereum becoming the platform of choice for the financial world.
President Trump has few sources of independent advice just as he is trying to broker an end to the Russian invasion of Ukraine, perhaps the trickiest negotiation of his presidency.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Former Vice President Mike Pence shares his thoughts on President Trump calling for Federal Reserve Governor Lisa Cook to resign hoping these allegations are not part of a pressure campaign. Don Vultaggio, AriZona Beverage Company Co-Founder & Chairman, discusses how. President Trump's tariffs are threatening to increase the price tag of the company's iced teas. Federal Reserve Bank of Chicago President Austan Goolsbee discusses the "mixed messages" being sent by recent US economic data. (Source: Bloomberg)
U.K. consumers felt a little better about their finances this month as the Bank of England lowered borrowing costs, though sentiment remains weak amid wider economic turmoil.
New Rochelle, New York Mayor Yadira Ramos-Herbert (D) discusses her city's progress on the issue of housing affordability, and growing popularity as a destination for both developers and local residents alike. Mayor Ramos-Herbert speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. Please note that New Rochelle previously received funding as part of the Bloomberg Philanthropies Mayors Challenge in 2018, and Mayor Ramos-Herbert has taken part in various Bloomberg Philanthropies programs. (Source: Bloomberg)
Oil was steady as the market weighed the outlook for Russian crude flows to India after a Trump administration official ramped up his criticism over the trade ahead of an expected tariff increase.
Japan’s consumer inflation remained well above the central bank’s target of 2% in July, reinforcing expectations of a coming interest-rate increase.
The secretary’s requirement that she personally approve any expense over $100,000 has created a backlog of “mission critical” contracts, records show.
The Pentagon provided few details about the operation. But counterterrorism raids — as opposed to airstrikes — typically involve helicopter-borne commandos.
David Haber, a general partner at venture capital powerhouse Andreessen Horowitz, discusses the landscape for fintech-related companies as well as the firm's relationship with the Trump administration. David speaks with Tim Stenovec, Emily Graffeo and Paige Smith on Bloomberg Businessweek Daily. (Source: Bloomberg)
Stocks of Chinese companies popular with Gen Z are surging again, fueled by robust earnings and fervent demand of young consumers.
HPS Investment Partners and a group of lenders, including Apollo Global Management Inc., are snapping up over $2.2 billion of buyout debt that had been stuck on bank balance sheets since the Trump Administration’s tariff proposals disrupted markets earlier this year, according to people familiar with the matter.
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 RBC Capital Markets’ Amy Wu Silverman, FHFA’s Bill Pulte, Goldman Sachs’ Robert Kaplan, Northern Trust’s Anwiti Bahuguna, Tabor asset management’s Laura Champine, Cleo Capital’s Sarah Kunst, BNY Investments’ Vincent Reinhart, Inflation Insights’ Omair Sharif. (Source: Bloomberg)
The president’s second term has been marked by his eagerness to go after his foes and his assertions of presidential authority. Both traits are on display as he seeks control over the central bank.
Dr. Lauren Semanchik told the police that she was “especially uncomfortable” because her ex-boyfriend was a state trooper. She and her boyfriend were later shot to death.
Pattern Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc.’s, is set to file for a US initial public offering before the start of September, according to people familiar with the matter.
Welcome to the end of the week, it’s Paul-Alain Hunt from the Melbourne bureau. The ASX is set for a sluggish open after closing at an all-time high yesterday, but first here’s the headlines you need to start your day. Today’s must-reads:
State Democratic officials withdrew the endorsement of a Minneapolis mayoral candidate who has drawn comparisons to Zohran Mamdani, the New York mayoral hopeful.
Hang Seng Indexes Co. is likely adding Labubu doll-maker Pop Mart International Group Ltd. and several health-care firms to its Hong Kong stock benchmark, analysts say.
The court’s order was fractured, with the justices splitting over whether individual cancellations and the policy behind them could be challenged in a federal trial court.
The court’s order was fractured, with the justices splitting over whether individual cancellations and the policy behind them could be challenged in a federal trial court.
New York Times reporters witnessed supporters of Mayor Eric Adams handing out cash-filled envelopes. Sometimes, that money went to reporters from Chinese-language outlets.
President Donald Trump visited a Park Police operations facility to thank federal law enforcement officers he’s deployed to patrol the streets of Washington, DC.
Vincent Reinhart, BNY Investments’ chief economist, says the Fed doesn’t need to go into “reactive” mode yet, inflation data appears stalled. He tells Romaine Bostick and Scarlet Fu on “The Close” that Fed chairs have successfully relied on soft power over the years. (Source: Bloomberg)
Administration isn’t eyeing equity in semiconductor companies that are increasing U.S. investment like TSMC and Micron, but may take stakes in others.
Meanwhile, Newsom is seeking donors for his redistricting plan
Spirit Airlines Inc. borrowed $275 million via a revolving credit facility to avert a looming cash crunch that had threatened to cut off the company’s ability to accept credit card payments from customers.
Federal Reserve Bank of Chicago President Austan Goolsbee said while some recent inflation readings have come in better than expected, he hopes one “dangerous” data point is just a blip.
Times journalists reviewed hundreds of images and videos of law enforcement agents to determine what they have been doing on the ground.
Footage from a 2023 interview helped persuade the network’s owner to settle with Trump.
Don Vultaggio, AriZona Beverage Company Co-Founder & Chairman, discusses how much longer he can keep the iced tea's 99 cent price tag and how President Trump's tariffs are threatening to increase this price. Vultaggio also talks about how aluminum tariffs specifically are affecting his company and whether or not the company plans to absorb the costs. He speaks with Tyler Kendall and Michael Shephard on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the “mixed messages” being sent by recent US economic data, why it is critical for the Fed to remain independent from political interference and the impact of tariffs from the sidelines of the Jackson Hole Economic Policy Symposium.
Asian equities were primed to open little changed after stocks and bonds fell on Wall Street as traders trimmed bets on imminent Federal Reserve rate cuts.
Asian equities were primed to open little changed after stocks and bonds fell on Wall Street as traders trimmed bets on imminent Federal Reserve rate cuts.
State lawmakers moved quickly to create new districts that could help Democrats flip five congressional seats. Their plan still requires voter approval.
Frequent launches and long stays in orbit reflect the military’s focus on potential conflicts in space.
Opendoor has recently been at the center of the latest retail trading frenzy as investors seek out cheap and highly shorted stocks, also known as meme stocks. But EMJ Capital Founder and President Eric Jackson never expected to see Opendoor categorized as a meme stock, believing in the value of the company's customer base and continued demand. Jackson tells Bloomberg Businessweek Daily that Opendoor is a 'cult' stock, and says it "could be a $500 stock." (Source: Bloomberg)
Federal Reserve Bank of Chicago President Austan Goolsbee says the recent US economic data are sending mixed messages during an interview with Bloomberg Television from the sidelines of the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
A week after Alaska, it looks like nothing has changed in the Kremlin.
Six people have now died from a Legionnaires’ disease outbreak in New York City’s Central Harlem, and another seven are currently hospitalized with the condition, the city’s health department said.
In interviews, the Cleveland Fed’s president opposed cuts citing rising inflation, while the Boston Fed’s president signaled openness amid labor market concerns.
Sky-high housing costs are a top concern for many Americans. In the wake of the pandemic, median home sale prices reached their highest level in at least 50 years compared with household income; rents outpaced earnings as well. Relatively high mortgage rates — the 30-year fixed-rate mortgage rose to an average of 6.72% at the end of July, from 4.46% over the previous decade — have certainly contributed to the affordability crisis. Mayor Yadira Ramos-Herbert of New Rochelle, NY discusses her city's distinct housing model, public and private partnerships furthering the model, and how it all keeps rents steady. She also discusses the future of the housing model and how other communities across the US can adopt similar processes. She joins Bloomberg Businessweek Daily. (Source: Bloomberg)
The co-founder of a climate-finance startup once valued at more than $2 billion and backed by a slate of high-profile celebrities faces prison after agreeing to admit he defrauded multiple investors and lenders.
Bonds with the longest maturities are disappearing from Japan’s corporate market as surging yields push companies into shorter debt, saving costs for now but leaving them more exposed to refinancing risks.
Former Vice President Mike Pence shares his thoughts on President Trump calling for Federal Reserve Governor Lisa Cook to resign hoping these allegations are not part of a pressure campaign. Pence also talks about the US Senate needing to pass secondary sanctions on Russia, the continuing efforts by select states to create new redistricting maps, and whether or not he supports the President having the National Guard in Washington, D.C. Former Vice President Mike Pence speaks with Tyler Kendall a
Also, Texas and California raced to gerrymander their maps. Here’s the latest at the end of Thursday.
Historical examples offer guidance for securing Ukraine and deterring Russia.
A company invents a finger-saving device—then petitions the CPSC for a monopoly.
The Seven Churches pilgrimage in Rome made for a powerful Holy Year exercise.
Good morning. Boeing nears a landmark deal with China. Xi Jinping hammers home Tibet control in rare visit. And a long-awaited video game is about to drop. Listen to the day’s top stories.
Some critics say he only wants a Nobel Peace Prize, but that isn’t a bad thing for a leader to aspire to.
Cindy Rodriguez Singh had fled the United States in 2023 shortly after the authorities questioned her about her 6-year-old’s disappearance.
The mobile phone giant bested Apple in making an EV. Now it’s setting its sights on Tesla.
The ruling involved a subset of applicants who had won the right to apply for a visa under a lottery system aimed at fostering diversity.
Wall Street Week Episode 143 - Y'all Street (Source: Bloomberg)
Also, a war photographer’s return to Afghanistan.
The Commodity Futures Trading Commission is poised to take on vast new responsibilities. Staff describe chaos, cutbacks and an atmosphere of resentment and paranoia.
Chinese smartphone giant Xiaomi succeeded where Apple failed by launching its own electric car. Now, the tech company is betting big on EVs and setting its sights on Tesla. (Source: Bloomberg)
Rather than conserve or build, some people just want to destroy.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Norah Mulinda. (Source: Bloomberg)
Shares of Cracker Barrel Old Country Store fell as much as 15% on Thursday after the restaurant chain came out with a new logo. The company removed the image of an old man leaning against a barrel from its logo, leaving just the words Cracker Barrel. Conservative backlash to the change followed on social media. Some compared this protest to the same kind Bud Light faced when it collaborated with transgender activist Dylan Mulvaney. More details from "Bloomberg The Close." (Source: Bloomberg)
An 18-story office tower near Manhattan’s Hudson Yards sold at a significant discount to its 2018 purchase price, according to a person familiar with the matter.
Fonterra Co-operative Group has agreed to the sale of its global Consumer and associated businesses to Lactalis for NZ$3.845 billion ($2.2 billion).
Don’t be fooled by the rebound in stocks. US equities, bonds and the dollar are still lagging far behind their global counterparts, says Bloomberg Opinion columnist Jonathan Levin. (Source: Bloomberg)
Discount-retailer Ross Stores Inc. jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations.
Broad-based index now about 1.5% below record high; Walmart slips.
Robert Kaplan, former Dallas Federal Reserve President and Vice Chairman of Goldman Sachs, says if the Federal Reserve cuts interest rates in September, it may not be the beginning a rate cutting cycle. He also talks about President Donald Trump calling for the resignation of Federal Reserve Governor Lisa Cook. Kaplan speaks on "Bloomberg The Close." (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Norah Mulinda discuss Jerome Powell's upcoming speech from Jackson Hole and how it will affect the market. Co-host of Bloomberg Surveillance Tom Keene previews the speech and UBS Wealth Management Managing Director Alli McCartney breaks down the big picture implications. Guardian Metal Resources Oliver Friesen joins to talk rare earths production, and Cava Chief Financial Officer Tricia Tolivar discusses consumer trends as company faces slowdown. (Source: Bloomberg)
Federal Housing Finance Agency Director Bill Pulte suggested Thursday that his referral of Federal Reserve Governor Lisa Cook for alleged mortgage fraud was part of a broader crackdown on the issue.
OpenAI CFO Sarah Friar says there could be a future where the company sells excess AI infrastructure capacity. For now, OpenAI is still spending and building to meet its own needs. Bloomberg’s Shirin Ghaffary joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
The president is handing a weapon to trading partners who feel they’ve been bullied into trade deals.
After rattling Hollywood, AI video startup Runway is entering the gaming industry, taking a step toward building tools that can create game elements in real time. CEO Cristóbal Valenzuela joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Federal Housing Finance Agency Director Bill Pulte discusses the Justice Department signaling possible plans to investigate Federal Reserve Governor Lisa Cook. He speaks on “Bloomberg The Close.”
Cava CFO Tricia Tolivar discusses the fast casual chain's plan to keep customers coming back as casual restaurants see a spending slowdown. Tolivar says restaurant renovations and trendy items could be the key. (Source: Bloomberg)
Creative Strategies President and Principal Analyst Carolina Milanesi says Google’s focus on AI makes its new devices appealing to a broad range of users. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Spotify’s Discovery Mode allows rightsholders to boost their songs in exchange for a lower royalty rate. Most everyone is using it.
Databricks is raising a new funding round valuing the company at more than $100 billion. CEO Ali Ghodsi says the company plans to spend some of that capital on AI talent, where he says there have been “insane” pay offers across the market. (Source: Bloomberg)
The Category 2 hurricane isn’t expected to make landfall. Still, it’s drawing notice as the first named storm to reach hurricane strength this year.
Thoma Bravo Managing Partner Holden Spaht says the private equity firm sees a chance to accelerate Dayforce’s growth by taking the company private in the $12.3 billion deal. He joins Caroline Hyde and Dani Burger on “Bloomberg Tech.” (Source: Bloomberg)
Collateralized loan obligation equity stands to gain as much as 15% this year, according to Tetragon Credit Partners. “It’s teens returns, high current cash flows and diversification,” said Dagmara Michalczuk, co-chief investment officer at the firm, which specializes in the riskiest part of the CLO market. “We are in vanilla corporate America, just using a little bit of leverage in financial engineering to generate those returns,” she tells Bloomberg News’ James Crombie and Bloomberg Intelligen
Federal Housing Finance Agency Director Bill Pulte discusses the Justice Department signaling possible plans to investigate Federal Reserve Governor Lisa Cook. Speaking on “Bloomberg The Close,” Pulte also comments on the future of Fannie Mae and Freddie Mac.
The plan appears to be part of a broader effort to shift the agency’s focus from tracking national security threats to fighting crime.
Margaret “Meg” Ryan will lead the US Securities and Exchange Commission’s enforcement division, putting a military judge who once clerked for Supreme Court Justice Clarence Thomas in charge of the agency that polices Wall Street.
Bloomberg's Tom Keene joins Bloomberg Businessweek from Jackson Hole, Wyoming to preview Fed chair Jerome Powell's speech and how Trump administration pressure is changing the atmosphere as fed officials meet. (Source: Bloomberg)
Janus Henderson Global Technology and Innovation Team Portfolio Manager Denny Fish says while some AI valuations like Palantir’s are speculative, others including Nvidia’s are more comfortable for investors. He talks about Janus Henderson's new AI ETF with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Lydia Boussour, senior economist at EY Parthenon, discusses what she's watching for from Fed chair Jerome Powell when he speaks from Jackson Hole, Wyoming on Friday morning. Boussour also breaks down the latest development in trade between the US and the EU and the impact of tariffs on the consumer. (Source: Bloomberg)
Defense lawyers had questioned whether Alina Habba, a Trump loyalist, was legally authorized to run the U.S. attorney’s office in New Jersey.
Netflix is also in advanced talks with the league to stream the Home Run Derby in a deal that would be worth more than $105 million.
Warburg Pincus has generated almost $10 billion in returned capital for investors this year, people familiar with the matter said, having set a firm-wide record for realizations in the first six months alone.
A neighbor’s doorbell camera showed Jossimar Cabrera dragging a large object in a tarp, two days before his wife was reported missing, the authorities said.
The figure makes plain how a gerrymandering push that began in Texas but spread nationwide has energized the Democratic base.
It won’t be a hurricane much longer, but the storm could still make an impact next week.
A new survey shows that gen z and millennials are leaving pricey cities behind in search of affordability, job opportunities and a better quality of life. State of Michigan Chief Growth Officer Hilary Doe has more on the story. (Source: Bloomberg)
It took ten years to drop artificial dyes from Welch’s Fruit Snacks. On today’s Big Take podcast: the hurdles for other food companies looking to do the same.
The president’s financial situation had already improved after taking office a second time, thanks to his cryptocurrency ventures.
His snakes, lizards and giant turtles were hits at county fairs and boat shows.
FanDuel, the online gambling division of Flutter Entertainment Plc, is teaming up with CME Group Inc., the largest US derivatives exchange, to offer bets on stocks, commodity prices and even inflation. Bloomberg's Katherine Doherty has more on the story. (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondent Tyler Kendall and Senior Editor Michael Shepard discuss the latest news from Washington. On today's show, EY-Parthenon Senior Economist Lydia Boussour, Bluestack Strategies Founder Maura Gillespie, Lift Our Voices Co-Founder Julie Roginsky, Republican Congressman Nicole Malliotakis. (Source: Bloomberg)
A New York appeals court struck down a $464 million fraud penalty against President Donald Trump and his company. The court did rule Trump was guilty of inflating the value of his assets. New York Attorney General Letitia James says her office will appeal. June Grasso, host of Bloomberg Law, reports. (Source: Bloomberg)
Canadian Prime Minister Mark Carney and President Trump agreed to reconvene shortly to discuss further.
The US restaurant industry is feeling the effects of inflation and a slowing economy, with some fast-casual chains like Chipotle and Sweetgreen seeing their shares sink. Bloomberg's Daniela Sirtori reports. (Source: Bloomberg)
The US Defense Department is seeking to buy cobalt for its strategic stockpiles for the first time in decades, the latest move to bolster domestic supplies of critical metals.
Home-purchase contracts in the US were canceled at a record rate for July as jittery buyers got cold feet.
A delay in local property-tax bills is exacerbating Chicago Public Schools’ cash crunch, leading the junk-rated district to rely more on short-term borrowing. Bloomberg's Shruti Singh reports. (Source: Bloomberg)
Mr. Hinds, 51, was found unresponsive late Wednesday after an S.U.V. appeared to slam into the motorcycle he was riding near downtown Atlanta, the authorities said.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Crossmark Global Investments Chief Market Strategist Victoria Fernandez, State of Michigan Chief Growth Officer Hilary Doe and KeyBanc Capital Markets Equity Research Analyst Bradley Thomas. (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Boeing is in talks to sell 500 planes to China in a deal that hinges on easing trade hostilities between the two countries. The Fed’s Jackson Hole symposium kicks off today, and while much of the market is already pricing in on a rate cut, the fed is still divided on inflation and the possibility of a rate cut. And CEO of the biggest recreational boat maker, Brunswick, tells Open Interest that demand is high for its premium brands but there is more pressure on its value line from higher interest rates. (Source: Bloomberg)
Letter to central bank chief Jay Powell is latest escalation in Trump administration’s assault on the institution
A slew of Wall Street analysts covering Nvidia Corp. are boosting their expectations for the chipmaker’s stock ahead of its quarterly earnings release due Aug. 27.
A private equity firm’s bid to combine the two biggest makers of medical-device coatings would harm competition for life-saving technologies, the Federal Trade Commission said at the start of a trial to block the deal.
Foreign Office calls in Tzipi Hotovely after Netanyahu government signs off on plan for E1 area
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.
Corn and soybean futures rose in Chicago as stronger-than-expected demand for exports overshadowed forecasts for higher yields.
Ontario Municipal Employees Retirement System returned 2.2% in the first half of the year as gains from investments in infrastructure, stocks and credit more than offset the impact of the weak US dollar.
A repórter Patricia Xavier traz os assuntos que foram destaque da semana no Brasil. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
‘Press freedom’ groups take up the cause of Hamas propagandists and alleged terrorists.
Robert Triffin’s ‘dilemma’ didn’t pan out, but it holds sway over some of the president’s key advisers.
Washington should dial down its global military involvement but must not retreat on trade at the same time
‘Contrasting our card with Amazon’s—one of the most notorious antiworker employers we fight against daily—shows whose side you’re really on,’ writes Sean O’Brien.
Smoking has killed more people than phones ever will. But using the latter isn’t without risk.
Mayor Eric Adams of New York has sought to argue that his first-term wins have earned him the right to serve a second. But he cannot shake the stench of corruption around his administration.
Lawyers have diverging views on what bearing the Epping ruling will have on authorities considering similar actions
Anthropic is nearing a deal to raise as much as $10 billion in a new round of funding, according to people familiar with the matter, a higher than expected sum and one of the largest megarounds to date for an artificial intelligence startup.
Hi, it’s Ryan Gould in New York, looking at another bold acquisition by software-focused buyout firm Thoma Bravo. Also today, Alberto Nagel suffers a setback in his efforts to ensure Mediobanca’s independence.
The New York Stock Exchange has already convinced a significant chunk of Texas public companies to dual-list their shares on its new outpost in their home state, shoring up its competitive position ahead of next year’s planned launch of the rival Texas Stock Exchange.
Goldman Sachs Group Inc. committed a $6 billion debt financing package to support Thoma Bravo’s acquisition of human resources software provider Dayforce Inc., according to a person with knowledge of the matter.
The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.
I’m writing with two reasons you might want to get a status update on your job.
UK health secretary has warned sector he will publicly walk away from negotiations if his offer is not accepted
Investment funds managed by Vanguard, one of the world’s largest asset managers, led a record selloff of Colombian local bonds by offshore investors in July, after the notes were downgraded to junk.
Bloomberg's Jennifer Welch discusses the roadblocks to a peace deal between Russia and Ukraine, including the role that India and China have play in Russia's position in negotiations. (Source: Bloomberg)
The home builder said it used widespread incentives, particularly mortgage buydowns, to make homes affordable for buyers and said it was emphasizing “pace over price” to sell inventory.
It was not the first time that the vice president had addressed Ukraine’s leader with words more commonly spoken to toddlers than heads of state.
The future of the dollar is dictated by the large overhang of unhedged dollar assets, says Hemant Baijal, head of macro alpha strategies at Invesco. Baijal joins Ira Jersey, Bloomberg Intelligence’s head of US interest-rate strategy, and Will Hoffman, BI’s senior US and Canada rates-strategy associate, on this episode of the Macro Matters podcast to discuss the world of international bond funds. They cover strategic approaches to managing global rates, credit and FX risks, and how those have shi
Ruling marks a victory for the president in one of his remaining legal headaches after return to the White House
The purchase is envisioned as a component of a more expansive trade deal if the world’s two largest economies can reach an agreement in the next few months.
Some accidents involving the EV’s automated driving technology weren’t submitted for months.
The Justice Department signaled possible plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board in a letter sent Thursday. Lisa Abramowicz reports.
Officials removed decade-old guidance outlining the rights of students who are still learning English, which could weaken support for immigrant children.
Mexico’s central bank cited weak economic growth, a slack jobs market and a stronger peso in its decision to extend interest rates cuts this month.
Warnings on defaults are starting to pile up in the $1.7 trillion private credit market, prompting at least some analysts to raise concern about underappreciated risks in one of Wall Street’s favorite money spinners.
Dave Foulkes, Brunswick CEO, says the largest recreational boat maker in the world is seeing pressure on the value part of its portfolio where consumers are more concerned about higher resale interest rates. However, he says demand for its premium brands remains strong. (Source: Bloomberg)
The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to analysts at Bank of America Corp. it will be a potential goldmine.
Asset manager and online financial personality Tom Lee has filed to launch two new exchange-traded funds after his first product proved a smash hit with retail investors and pulled in more than $2 billion in assets.
Cracker Barrel Old Country Store Inc.’s shares are slumping amid a mounting conservative backlash to the restaurant chain’s move to change its logo after nearly 50 years.
Blue Owl Capital Inc. is expected to raise about $1.5 billion through the sale of a portfolio of minority stakes in private asset managers, according to people familiar with the matter.
Starting with “That Smell” in 1966, he wrote with stark power about themes of repression in the Egyptian police state.
Enda Curran, Bloomberg Global Economy Reporter, discusses efforts made by the EU and US to rebalance trade ties and potentially reduce tariffs on some European goods. The US and European Union took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to new potential discounts for steel and aluminum. The joint statement issued Thursday advances the preliminary deal announced a month ago, by including specific benchmarks for the EU to secure its promised sectoral tariff discounts on cars, pharmaceuticals and semiconductors, as well as new commitments to cooperate on economic security matters, food standards and digital trade. President Donald Trump has repeatedly praised the sweeping US-EU trade framework, extolling it as “a big deal” in a Monday White House meeting with foreign leaders. (Source: Bloomberg)
Oliver Chen, TD Cowen Senior Equity Research Analyst and Columbia Business School Professor of Retail, says Walmart has a strong grocery business that focuses on value and rollbacks. And he says Walmart is the winner in the grocery business for its scale and the variety of options available for consumers to get their groceries. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The White House described the president’s social-media post as “an observation.”
Nostalgic fans of the interstate staple lament the loss of its country kitsch, while some conservatives blamed wokeness for the sleek redesign.
India’s central bank has sought public feedback on what should be an appropriate inflation target ahead of a review due in March next year.
The University of California has shelved a $1.5 billion municipal-bond sale that had been slated for this week, according to a person familiar with the matter, a decision that comes amid a fight between the system and the Trump administration over federal funding.
Blackstone struck a deal to buy Shermco, a provider of electrical equipment services, from private investment firm Gryphon Investors for about $1.6 billion.
The ruling handed the president a financial victory, and some legal validation, as New York appeals judges agreed that the fine in his civil fraud case was excessive.
Pantheon Macroeconomics Senior Europe Economist Melanie Debono Mackenzie on Bloomberg's Daybreak Europe. (Source: Bloomberg)
Workers say the executive was volatile and retaliated when they cooperated with an investigation. Apple denies the claims.
American Industrial Partners has agreed to acquire International Paper’s global cellulose fibers business for $1.5 billion.
The UK will take control of a firm owned by Sanjeev Gupta, after creditors objected to a plan that would have seen the beleaguered steel tycoon retain control the company’s assets.
ConocoPhillips is increasing its bet on the future of US liquefied natural gas through an agreement to nearly double the amount of fuel it will buy from an export plant Sempra is expanding in Texas.
Japan agreed to provide Kenya with as much as ¥25 billion ($170 million) in yen-denominated funding, a smaller amount than Nairobi previously indicated it expected to secure.
Authority plans to ask more taxpayers for evidence to support their claims
CEO Doug McMillon says group is watching its ‘costs increase each week’
SMG Swissmarketplace Group AG, the operator of property portal ImmoScout24, is considering an initial public offering in Zurich that could raise about 1 billion Swiss francs ($1.2 billion) as soon as next month, according to people familiar with the matter.
Liz Ann Sonders, Charles Schwab chief investment strategist, says a 50 point interest rate cut by the Federal Reserve at next month's meeting is "off the table." She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
The highly anticipated indie game has been in production for so long that it’s become an internet meme
Target is the latest company to keep a replaced chief executive around as an “executive chairman.” Does having two top dogs make sense?
Along with other East Coast states, Delaware is using natural materials to protect vulnerable coastal areas.
Panama’s sovereign bonds are trading near the highest in about a year as an improvement in second-quarter fiscal data raised the odds of the Central American nation skirting a downgrade to junk.
U.S. business activity expanded at its fastest pace this year as the factory sector rebounded strongly, though trade tariffs were fueling inflation in input prices, according to the S&P Global Flash U.S. Composite PMI.
Raphaël Graven, known online as Jean Pormanove, was regularly subjected to humiliation and abuse on Kick, a streaming platform.
The unexpected pickup in sales activity reflected a slight improvement in affordability as home price growth slows.
The hearings will be held on consecutive days, with separate deliberations for each brother.
Ms. Lewis-Martin, the former chief adviser to Mayor Eric Adams, is accused of taking bribes in exchange for favorable treatment, including speeding city permits for a karaoke bar and residential renovations. She was first indicted last year.
The former army officer is accused of heading a team that allegedly blew up the pipelines funneling Russian gas to Europe in 2022.
Also: Goldman expands in India, and a bank shortchanges employees again on pay
Volatility in the currency market is breaking with historical patterns this August, sliding to the lowest in a year instead of staging a usual seasonal rebound.
An analysis of census data by the Pew Research Center found that between January and June, the foreign-born population declined by nearly 1.5 million.
Publications turn to the old-style products to appeal to nostalgic readers and stand out in a crowded digital-media landscape.
Sales of previously owned US homes rose modestly in July as price growth slowed and mortgage rates drifted lower, helping to stabilize demand.
The International Space Station captured the unusually large storm as it swirled near the East Coast of the United States.
The founder of the evangelical group Focus on the Family, he spent decades denouncing what he saw as the unraveling of the social order.
History teaches that tech revolutions follow a predictable cycle of installation followed by creative destruction
Gazans reported heavy bombardment overnight and are scared they will face yet another mass displacement.
US manufacturing is expanding at the fastest rate in more than three years on stronger demand that's also fueling sustained inflationary pressures.
A former top adviser to Eric Adams faces new charges over allegations she accepted $75,000 in bribes, reigniting a corruption scandal with only a few months left in the embattled New York mayor’s longshot reelection campaign.
German authorities said a Ukrainian man suspected of coordinating the attacks on the Nord Stream pipelines in 2022 had been taken into custody by the Italian police.
Aircraft deals are a major component of President Trump’s trade diplomacy and closing this mega sale to China is contingent on the two nations diffusing trade hostilities, reports Bloomberg’s Sid Phillip. (Source: Bloomberg)
In the week through Aug. 16, new jobless-claims filings rose to 235,000, up from 224,000 a week earlier. Economists polled by The Wall Street Journal were forecasting 225,000 claims.
International Paper Co. said it will sell its global cellulose fibers business to American Industrial Partners for $1.5 billion.
Throughout a years-long industry downturn and the spiraling cost of an environmental disaster, petrochemical company Braskem SA has had one major saving grace — its hefty cash reserves. Now, even that pillar of support is being eroded away.
Hunt comes as chair John Tarry spearheads revival at employee-owned retailer
The gulf between Moscow and Kyiv’s positions remains huge, and that is crashing into the expectations set by the White House.
Blackstone Inc. has struck a deal to acquire electrical equipment services provider Shermco in its latest bet on the increasingly critical role of electrification.
After years of GLP-1 ads spotlighting anonymous bellies and dancing commercial actors, telehealth firm Ro is ushering in weight-loss drugs’ celebrity-endorsement era.
Fifteen years after a combat photographer lost his legs to a land mine, he returned to the place in Afghanistan where it happened.
Walmart Inc. missed profit expectations for the first time in three years in the second quarter, but raised its full-year sales guidance. David Bellinger, senior consumer analyst at Mizuho examines the results.
The UK sanctioned an Iranian business magnate and several key firms in his network, the latest in a series of clampdowns on one of the Islamic Republic’s most influential oil trading empires.
US equity futures declined Thursday morning after retail bellwether Walmart Inc. posted a rare profit miss and as weekly jobless claims came in higher than expected.
US Initial jobless claims increased by 11,000 to 235,000 in the week ended Aug. 16, while continuing claims for the previous week climbed to the highest since November 2021. Michael McKee reports on Bloomberg Television.
Media attention has brought the Menendez brothers to the cusp of early release from prison. Criminal justice reform proponents hope other prisoners benefit.
John Stoltzfus, chief investment strategist at Oppenheimer, discusses how clients view the recent market selloff and calls this a “very interesting time” for intermediate and long-term investors. (Source: Bloomberg)
Workers on London’s Underground train network are planning a seven-day strike next month to seek better pay and conditions, according to the tube union.
Former Federal Reserve Governor Betsy Duke discusses the Fed’s dual mandate, inflation concerns, and her expectations for Chair Jerome Powell’s speech Friday at the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
The Israeli government is expanding its operation in Gaza, despite its generals’ advice and as it deliberates on a new cease-fire proposal.
Sarepta Therapeutics Inc. landed a deal with investors to restructure around $700 million of debt, giving the company a reprieve as it recovers from a controversy over its gene therapy.
Federal Reserve Bank of Kansas City President Jeffrey Schmid, in response to a question about mortgage fraud allegations against Fed Governor Lisa Cook, says, “We have responsibilities as professionals inside the Federal Reserve. I’m sure she’ll handle matters that she needs to handle.”
The retail giant’s U.S. comparable sales rose 4.6% in the latest quarter.
Treasuries are a better investment than European bonds as the case for Federal Reserve interest-rate cuts mounts and the traditional haven status of US government debt is reestablished, according to Invesco Ltd. Senior Portfolio Manager, Alessio de Longis.
Turkey expanded restrictions on shipping between its ports and Israel, seeking to further tighten compliance with a trade ban imposed over the war in Gaza.
Federal Reserve Bank of Atlanta President Raphael Bostic said he still sees one interest-rate cut as likely for this year, in line with his projection in June, but added the labor-market trajectory is “potentially troubling” and bears watching.
Chicago wheat futures rose for a second session as farmers hold back sales, constraining near-term availability of the grain.
Mutual funds are bleeding assets anew, just as their ETF cousins break fresh records. Now, firms from Lazard to Aberdeen Group Plc. are pushing to convert traditional funds into exchange-traded ones, even as regulators look poised to bless a structure that would allow both to coexist in peace.
Jake Auchincloss cites a craving for an orderly society, which means controlling crime, homelessness and, above all, the cost of living.
Money managers who bought a $705 million commercial-mortgage bond tied to Manhattan’s Worldwide Plaza building are at risk of substantial losses after the property’s appraisal was slashed amid the departure of key tenants.
Leading crypto wallet provider MetaMask is launching its own stablecoin in partnership with payment giant Stripe Inc.’s stablecoin arm, Bridge, and decentralized stablecoin platform M0.
Jake Auchincloss cites a craving for an orderly society, which means controlling crime, homelessness and, above all, the cost of living.
The tech giant has released details on the colossal amount of power required to respond to our everyday AI queries.
Oil companies in the Permian Basin are exploring desalination to recycle fracking wastewater for agricultural use.
Arabica coffee held near the highest in two months as traders accessed frost damage and limited hedging by roasters encouraged hedge fund buying.
MUFG Securities executed over $500 million of trades in TenneT Holding BV’s bonds in July, marking a flurry of interest in the Dutch electricity firm after the government approved a debt guarantee.
Sweden’s Vattenfall AB narrowed its choice of suppliers for nuclear reactors to GE Vernova Inc. and a division of Rolls-Royce Holdings Plc, as it plans new units to help meet surging power demand in the decades ahead.
Federal Reserve Bank of Kansas City President Jeffrey Schmid discusses inflation concerns, his view that monetary policy is “moderately restrictive,” and consideration of the central bank’s dual mandate. Schmid also addressed challenges to Fed independence after President Donald Trump called for the resignation of Fed Governor Lisa Cook amid allegations that she committed mortgage fraud. Schmid spoke with Michael McKee Wednesday on the sidelines of the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
Federal Reserve Bank of Kansas City President Jeffrey Schmid says the central bank is “on a good path” as he sees policy as “moderately restrictive” ahead of Chairman Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium on Friday. Schmid spoke with Michael McKee Wednesday on the sidelines of the Jackson Hole Economic Policy Symposium. (Source: Bloomberg)
It's that time of year again.
It’s Jackson Hole time again, when the most prominent minds in monetary policy meet in an idyllic Wyoming setting for the Federal Reserve Bank of Kansas City’s annual symposium on monetary policy. For markets, the main event tends to be the speech from the Fed Chairman on Friday morning. But beyond that, there’s always a theme that central bankers and academics are tasked to discuss. So to raise the curtain for this year’s event, we spoke with none other than Jeffrey Schmid, the president and CE
As inflation and a slowing economy start taking their toll on the US consumer, the pain is mounting across the restaurant industry. Shares of Chipotle Mexican Grill Inc., Cava Group Inc. and Sweetgreen Inc. — hot names in what had been a booming fast-casual segment — have each sunk around 20% or more since reporting lackluster second-quarter earnings. Even McDonald’s Corp., among the most resilient of fast-food standbys, is barely keeping pace with the broader market.
The former owner of the UK’s Lindsey oil refinery is facing a UK lawsuit over potential “irregularities” tied to the financial affairs of his now-failed business empire.
After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year.
The European Union and United States have been negotiating the joint text for weeks. The deal is much as expected, but it will delay tariff relief for European cars.
Our readers wondered about the ailments they can treat, the dangers of using them and where you can get some.
Good morning. Federal Reserve Governor Lisa Cook signals she’s not going anywhere. Texas makes headway on a new congressional map. And India’s richest man becomes collateral damage amid trade tensions. Listen to the day’s top stories.
The retail giant’s U.S. comparable sales rose 4.6% in the latest quarter.
Germany had pressed for a swift deal to reduce 27.5% rate on cars
The auto tariffs will decrease to 15% when the European Union introduces legislation to reduce rates on U.S. goods.
Blackstone Inc. is increasing a debt facility for Aligned Data Centers to more than $1 billion as private lenders continue to pour capital into data centers supporting artificial intelligence.
The US and European Union took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to new potential discounts for steel and aluminum.
Kambiz Shahbazi says the value of his four Boston office buildings has tumbled because of the damage inflicted on the market by Covid-19 and the resulting exodus by tenants.
Boeing Co. is heading closer toward finalizing a deal with China to sell as many as 500 aircraft, according to people familiar with the matter, a transaction that would end a sales drought that stretches back to US President Donald Trump’s last visit in 2017.
Danish consumer confidence slipped to a three-month low, with Novo Nordisk A/S’s share plunge overshadowing a robust labor market and higher purchasing power.
US Treasuries snapped two days of gains ahead of a flurry of economic data and the Federal Reserve’s gathering at Jackson Hole, which kicks off later Thursday.
President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services.
India pledged — with a caveat — to keep buying Russian oil, a step that would preserve a vital market for Moscow’s barrels.
Today’s newsletter looks at a ready fix for solar power blackouts. You can read and share a full version of this story on Bloomberg.com. For unlimited access to climate and energy news, please subscribe.
Deutsche Bank AG and an ex-manager, Michele Faissola, will start mediation proceedings over allegations the bank acted wrongfully in a criminal case that he says harmed his career.
Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, breaks down market expectations surrounding a rate cut from the Federal Reserve, as well as the ‘slow burn’ impact tariffs are expected to have on US inflation data. She joins Bloomberg’s Matt Miller on “Bloomberg Brief.” (Source: Bloomberg)
Aimee Betro, 45, was convicted this month of attempting to shoot a man near Birmingham, England, in 2019.
Most base metals edged lower as the market awaits the Federal Reserve’s gathering at Jackson Hole, which may offer clues about the central bank’s thinking ahead of its September policy meeting.
Higher levies already added millions of dollars in unexpected expenses in a sector that orders artificial trees and ornaments months ahead of time
Plus, why steamy fan fiction is topping the best-seller list.
Growing acceptance of artificial intelligence in medicine is powering a revival of venture-capital investment in medical software and other healthcare technologies.
Oaktree’s Howard Marks says stocks are “in the early days” of a bubble.
Vice President JD Vance said negotiations over ending Russia’s war in Ukraine are focused on security guarantees for Ukraine and territory Russia wants to control — including Ukrainian territory that Russia isn’t occupying — as the US tries to broker a peace deal between the two nations. FOMC Governor Lisa Cook has firmly pushed back on calls for her resignation from the Federal Reserve Board of Governors. Pressure had mounted early Wednesday morning after President Donald Trump posted on social media calling for Cook’s resignation over alleged mortgage fraud. --- The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, despite calls for her resignation by President Donald Trump over allegations of mortgage fraud. Cook said she will gather accurate information to answer any legitimate questions and provide the facts, and that she has no intention of being bullied to step down from her position. Senator Elizabeth Warren said the Trump administration "should not weaponize the federal government to illegally fire independent Fed Board members", according to her emailed statement. Meanwhile, Vice President JD Vance said negotiations over ending Russia's war in Ukraine are focused on security guarantees for Ukraine and territory Russia wants to control. Today's guests: Karen Ward, JPMorgan Asset Management EMEA Chief Market Strategist, Ester Baiget, Novonesis CEO (Source: Bloomberg)
The Kim regime’s heavy combat involvement could be a complication in peace talks over the war in Ukraine.
South Africa is set to open its first new underground gold mine in 15 years – an increasingly rare event for a country that was once the world’s largest producer of the precious metal.
The e-commerce giant is expanding significantly, but Instacart, DoorDash and Walmart have competitive strengths of their own.
Ever more households are cutting the cord, but sports enthusiasts have to navigate a long and growing menu of streaming services and bundles.
Twice as many employers as last year say they are planning to pull back on filling jobs, according to a new Conference Board survey.
Sharp losses in high-flying momentum stocks may present a dip-buying opportunity if history is any guide, according to Goldman Sachs Group Inc.’s trading desk.
Sinopec posted a slump in first-half profit as declining oil prices, lower output of some products, and weaker margins combined to hurt China’s biggest refiner.
Overseas investors snapped up the most Japanese stocks last week in 11 years as benchmark indexes ascended to record highs, and some market participants are betting that demand for shares will stay strong.
Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut.
Emerging-market currencies and equities traded in a narrow range as investors looked ahead to the Jackson Hole meetings for clues on central bank policy paths.
South Korea has introduced new restrictions on foreign property purchases in the greater Seoul area, its latest effort to curb housing prices.
Total exports were higher than in the year-earlier period.
Lawmakers in the nation’s two most populous states were planning to vote Thursday on competing proposals as the battle over U.S. House maps intensified.
An amendment that can help save our democracy.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
The trip underscores Beijing’s focus on tightening party control over ethnic minorities, especially in the restive region.
Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.
What do data integrity, tariffs, inflation and debt add up to?
Long confined to the medical fringe, “restorative reproductive medicine” has unified Christian conservatives and proponents of the Make America Healthy Again movement on the political right.
Using the full power of the federal government, President Trump has promoted a vision of America that challenges the legitimacy of the Black experience.
Tensions between President Trump and Brazil’s leader could derail a promising alliance to unlock the world’s second largest reserve of the minerals.
The uncertainty around the future of Medicaid is paralyzing for families like mine.
N.C. Wyeth’s colossal 1932 mural, “Apotheosis of the Family,” re-emerges in a gleaming new round barn after years in storage.
A Times investigation found that Michael Boulos and his family benefited financially from proximity to his in-laws for years.
A Times investigation found that Michael Boulos and his family benefited financially from proximity to his in-laws for years.
The two will have separate hearings, and it is not at all certain that the outcome will be the same for each man.
The mass return of fallen soldiers is one of the few concrete results of U.S.-orchestrated truce negotiations.
As Erik and Lyle Menendez wait for a ruling on their parole, a new tour is retelling their story, in detail, from the back of a limousine.
The East African country said it had reached a deal to accept an unspecified number of deportees, who would not include people with criminal records or unaccompanied minors.
The Ukrainian leader returned with a U.S. commitment to participate in security guarantees for Kyiv in a postwar settlement.
Figure reflects surge in small boat arrivals to the country
Zelenskyy says Moscow struck US civilian factory and shows no sign of wanting end to war
Daiichi Sankyo Co. shares dropped the most in three months following a series of discounted block trades in the Japanese pharmaceutical company.
The fix for solar power blackouts is already here - so why are so few countries investing in it? Bloomberg's Akshat Rathi explains. (Source: Bloomberg)
Activity continued to prove resilient in the into the second half of the year, despite the U.S. trade tariffs that have weighed on some companies.
Angola’s oil production fell below the million-barrels-a-day level for the first time since it quit OPEC two years ago.
Dutch insurer Aegon Ltd. said it is looking at potentially shifting its head office and legal domicile to the US, it’s biggest market.
The Jackson Hole central bank symposium will start later today
Singapore will launch an arbitration framework next week for resolving restructuring, debt and insolvency disputes, offering businesses and creditors an alternative to traditional court processes.
Willem Sels, global CIO of private banking and wealth management at HSBC, discusses the outlook for technology stocks. "The growth figures in terms of earnings growth for analysts, for the tech sector, are actually reasonably low," Sels tells Bloomberg Television. "The Mag Seven in particular are reasonably low, and we could have positive surprises." (Source: Bloomberg)
The euro area’s private sector grew at the quickest pace in 15 months as manufacturing exited a three-year downturn despite a deal locking in higher levies for exports to the US.
PT Freeport Indonesia expects to use 90% of a copper concentrate export quota that expires next month, requiring a major ramp up in shipments.
Swiss gold exports to the US surged last month to the highest since March, underscoring the trade imbalance that prompted President Donald Trump to slap a 39% tariff on imports from the country.
The euro rose, turning marginally positive on the day, after a key measure of German services and manufacturing activity increased more than expected in August.
Two sailors sustained minor injuries, the Navy said, adding that the ship’s crew will remain on board in Okinawa.
WH Smith Plc lowered its profit outlook for North America this fiscal year after the company identified an accounting error. The shares plunged.
Swiss watch exports returned to growth in July after a steep drop the previous month, as companies tried to build up their stock in the US ahead of higher trade tariffs.
European stocks wavered after three days of gains as investors weighed data on euro area business activity, with focus also turning to the Federal Reserve’s Jackson Hole economic symposium.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after Federal Housing Finance Agency Director Bill Pulte urged an investigation of Cook's mortgages. Pulte alleges that Cook "falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute". No charges have been filed and it’s not clear whether Bondi will investigate. The Justice Department declined comment. The Fed declined comment. Cook did not respond to requests for comment late Tuesday. Today's guest: Melanie Debono, Pantheon Macroeconomics Senior Europe Economist (Source: Bloomberg)
Gold remains in focus as traders weigh the outlook for US monetary policy ahead of Fed Chair Jerome Powell’s keynote speech on Friday at the annual Jackson Hole gathering. Traders expect the Fed to cut interest rates by at least 25 basis points next month, which would be positive for gold as it doesn’t pay interest. Amy Gower, Metals and Mining Commodities Strategist at Morgan Stanley spoke to Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa. (Source: Bloomberg)
Mark Cudmore, Guy Johnson and Valerie Tytel break down today’s key themes for analysis and investors on “The Opening Trade.” (Source: Bloomberg)
Turkish stocks are heading for their highest ever close as expectations for a decline in inflation bode well for more interest rate cuts.
Swiss lawmakers have watered down a proposal that would have installed a fixed upper limit on compensation at the country’s biggest banks including UBS Group AG.
Ola Electric Mobility Ltd.’s shares saw sharp swings over two sessions through Thursday, with trading volumes surging to a record as the Indian e-scooter maker’s push to rollout new models and build a battery cell gigafactory drew analyst attention.
A member of Indonesian President Prabowo Subianto’s cabinet has been caught in a sting operation by the nation’s anti-graft agency, according to an official.
Young adults are eager to capitalize on sign-up bonuses and other incentives. Whether they’ll pay off for the banks is an open question.
The Vietnamese dong, already at record lows, is facing mounting pressure from the government’s infrastructure spending spree and a hit to exports from US trade policy.
Seven & i Holdings Co.’s market value dipped below Aeon Co. for the first time in two decades, as shares in the operator of 7-Eleven stores languish after Alimentation Couche-Tard Inc. abandoned its bid for the company.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Annual guidance for North American arm revised down to £25mn after retailer discovers ‘overstatement’ in profits
As US, Ukrainian and European officials hash out a plan to defend Ukraine once the war ends, the Kremlin is insisting it plays a role and says that any attempt to resolve collective security without Russia will fail. Bloomberg's Tony Halpin reports. (Source: Bloomberg)
The £1.1bn shortfall comes as chancellor Rachel Reeves prepares for a tough Autumn Budget
Indian stocks are emerging market investors’ biggest underweight market after they accelerated rotation to Asian peers last month, according to Nomura Holdings Inc.
Switzerland, which has long touted its diplomatic skills as a national selling point, is going to have to rethink some long-held principles if it wants to put its recent disastrous trade negotiations with Donald Trump in the past.
Kenya plans to refinance several eurobonds falling due over the next nine years to help spread out repayments, according to Treasury Secretary John Mbadi.
Xuefeng Yu, co-Founder, chairman and CEO of Chinese vaccine maker CanSino Biologics, says he expects the company's newly approved pneumococcal vaccine to help boost revenue next in 2026. Still, he adds that the firm is on track to reach its breakeven target this year. He speaks exclusively with David Ingles and Yvonne Man on "Bloomberg: The China Show." (Source: Bloomberg)
Hong Kong-listed investment firm Sun Hung Kai & Co. has reported a tenfold increase in first-half profit, with the strong recovery driven by its investment management business. Executive Director and Deputy CEO Tony Edwards says the company plans to invest more in alternatives despite the challenging environment. He speaks exclusively on "Bloomberg: the China Show." (Source: Bloomberg)
Swiss exports to the US inched up in July, the second straight month of expansion before President Donald Trump unexpectedly slapped a 39% tariff on the country.
Fans were hospitalized and detained after violent attacks during a match in a stadium near Buenos Aires, prompting officials to cancel the game.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Back in January, India’s richest man and his wife were in Washington, attending a pre-inauguration dinner thrown for Donald Trump. In a photograph of the event shared by Reliance Industries Ltd., all three beam for the camera.
Good morning. Italy’s prime minister proposes security guarantees for Ukraine. Tech stocks recover as the Nasdaq 100 bounces from lows. And we talked to Ford’s CEO about plans for a supercar. Listen to the day’s top stories.
Good morning. Italy’s prime minister proposes security guarantees for Ukraine. Tech stocks recover as the Nasdaq 100 bounces from lows. And we talked to Ford’s CEO about plans for a supercar. Listen to the day’s top stories.
Paul Conway, chief economist at the RBNZ told the Wall Street Journal in an interview that the economic outlook remains challenging, and while activity will show improvement a year from now, the central bank is not expecting a full-blooded rebound.
Aliko Dangote's oil refinery, 50 miles from the center of Lagos, is the billionaire's boldest bet. Bigger than any in Europe, it took 11 years and $20 billion to build, three-and-a-half times as long and more than twice as much money as initially planned. Bloomberg's Paul Burkhardt reports. (Source: Bloomberg)
A deadly monsoon season has claimed at least 1,860 lives in India and Pakistan, with flash floods, landslides and inundated cities exposing the region’s growing vulnerability to climate-related disasters.
India’s economy buzzed with activity in August, led by a strong services sector, even though the US President Donald Trump imposed a 50% tariff on Indian goods, a flash survey by HSBC Holdings Plc showed.
In this week’s Hong Kong Edition, we assess the impact of Donald Trump’s focus on the Jimmy Lai trial and talk to a former Goldman Sachs banker who’s made it her life’s work to study the origins of the city’s street names. For the Review, a proud daughter of Chengdu checks the authenticity of a restaurant named after her hometown.
Bank Of Thailand Deputy Governor Piti Disyatat says the Central Bank will have to see a “significant material deterioration” in its economic growth outlook, or face unexpected shocks to justify more rate cuts (Source: Bloomberg)
A U.S. strike on cartels in Mexico won’t fix the deep problems that allow organized crime to flourish.
The killing of Anas al-Sharif marks an ominous new phase of the war in Gaza.
Insignia Financial Ltd. Chief Executive Officer Scott Hartley expressed confidence in Australian regulators to pave the way for CC Capital Partners’ proposed A$3.3 billion ($2.1 billion) take-private deal by early next year.
KKR & Co. has emerged as the lead bidder to buy Nissan Motor Co.’s global headquarters, according to people familiar with the matter, as the embattled carmaker sells off assets to shore up its finances.
The Taiwan dollar fell for a sixth day to its weakest since May, driven by tech-heavy equity outflows.
As if the pressure wasn’t high enough, here comes a mortgage-fraud allegation
Hong Kong’s stock market is facing another speed bump from a recent spike in local funding costs.
Also, Africa’s push for a new world map.
The Philippines’ Securities and Exchange Commission is penalizing a property holding firm of the country’s richest man for failing to submit reportorial requirements, the latest of a string of brushes between the firm and regulators.
Citigroup Inc. has named Asghar Ali as head of corporate banking real estate, as the bank looks to strengthen its presence in the sector, according to a an internal memo seen by Bloomberg.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Chinese Foreign Minister Wang Yi’s recent trip to India followed by a visit to Afghanistan underscores the tricky diplomatic path China must walk as it balances its relationships with two rival nations. Asia Pacific Foundation Senior Fellow Michael Kugelman shares his insight into geopolitical challenges in the region with Bloomberg's Haslinda Amin. (Source: Bloomberg)
Female athletes are using social media to increase viewership and seek better sponsorship deals in a field long dominated by men.
Taps running dry are part of life in Bulgaria — and a cautionary tale for the rest of Europe grappling with climate change.
Whatever the request, ChatGPT is happy to help, often with unfortunate results
Local authorities tighten controls on houses in multiple occupation amid fears for community cohesion
Intuition, judgment and a gift for reading people are some of the hardest skills to mimic
Moscow has banned exports following drone strikes on oil refineries
The emirate has wooed hedge funds and money managers. But will they put down roots?
Weatherford International along with other companies continue to provide critical equipment to the country
Kingdom eyes alternative countries to host event after falling behind on construction of desert ski resort
Historic price rally lures criminals and paramilitaries into illicit mining from the Amazon to Sudan
James Walker, CEO of NANO Nuclear Energy, discusses the timeline for his company to roll out its first small modular reactor, and also responds to a stock downgrade from Ladenburg Thalmann & Co. James speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Sharp stock underperformance for Baidu Inc. on concerns over its outlook have left it trading at the cheapest valuation among China’s major internet firms.
Fidelity International Multi Asset Portfolio Manager Ian Samson says the fundamentals of the economy are still sound, but warns that spreads are tight, posing challenges for investors. (Source: Bloomberg)
Azruddin Mohamed, a flamboyant scion sanctioned by the U.S., aims to become president in next month’s elections.
The president praised his guests at this week’s meeting, a change in tone that follows big concessions from Europe and careful observations of the way he operates.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Months after a federal corruption indictment against Mayor Eric Adams of New York was dropped, some of his allies remain under investigation or have been charged with crimes.
Garth Jones, CFO of AIA Group, discusses the insurer's 16% growth in new value of business in the first half of 2025, and his outlook on opportunities for growth for the firm. He speaks exclusively with Shery Ahn and Avril Hong on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Sung Kim, CEO and Co-founder of Korean AI startup firm Upstage, discusses his company's business and growth strategy, as they close a $45 million Series B funding round, to boost R&D efforts of their large language model, Solar, and increase collaboration with partners like AWS. He speaks exclusively with Shery Ahn and Avril Hong on "Bloomberg: The Asia Trade." (Source: Bloomberg)
This week on the Bloomberg Australia Podcast: Who’s climbing — and slipping down — the ranks in the nation’s billionaires’ club?
Yields on Japan’s super-long government bonds climbed to multi-decade highs, driven by persistent concerns over fiscal expansion and fading demand from key investors.
James Hardie Industries Plc shares plummeted for a second day, with analysts rushing to cut their price targets after disappointing earnings results and concerns over the US housing market.
A campaign volunteer for Mayor Eric Adams of New York was suspended after giving a journalist cash in a potato chip bag.
India is seeing a revival in clean-energy initial public offerings as companies capitalize on Prime Minister Narendra Modi’s push for renewables.
A June subpoena to the Children’s Hospital of Philadelphia sought Social Security numbers and addresses of patients who received gender-related care, as well as “every writing or record” made by doctors on such treatments.
Kaushik Rudra, global head of fixed-income research at Standard Chartered Plc, has retired after 17 years at the bank, according to a company email.
South Korea is set to unveil about $150 billion in US investment plans by private companies during a summit between President Lee Jae Myung and US President Donald Trump, the Hankyoreh newspaper reported Thursday.
A group of homeowners worked together to navigate the process of installing rooftop solar systems, saving time and money in the process.
Elon Musk must face allegations that he defrauded voters when he promised them a chance to win $1 million for signing a petition in the days before the 2024 presidential election.
China’s 30-year bond yield rose to its highest level this year as expectations of a favorable outcome from trade talks with the US and Beijing’s efforts to bolster the economy dampen demand for haven assets.
The police said they found a request for asylum, addressed to Argentina’s leader, on the phone of the Brazilian ex-president, who is accused of plotting a coup.
Andy Marsh, Chief Executive Officer of Plug Power, discusses his company's most recent earnings report and explains why he sees continued growth ahead in the green energy sector. Andy speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Stuart Tonkin, Managing Director and CEO at Northern Star, discusses the company's business strategy as it posted a 110% rise in its full-year net income, helped by higher gold prices. He speaks with Avril Hong and Paul Allen on "Bloomberg: The Asia Trade." (Source: Bloomberg)
One of Taiwan’s largest pension funds has guided outside firms against using Hong Kong-registered entities to manage its money, according to people familiar with the matter, underscoring the geopolitical challenges facing the financial hub as it deepens ties with mainland China.
Brazil’s former President Jair Bolsonaro considered requesting political asylum in Argentina, according to a draft letter found by police on his phone, evidence that federal law enforcement see as proof the far-right leader planned to flee the country to sidestep a future arrest.
Gold held a gain after President Donald Trump’s call for a Federal Reserve governor to quit raised fresh concerns about the central bank’s independence, bolstering haven demand.
Hidden River Cave was once filled with heavy metals and sewage that made the surrounding town smell awful. After a cleanup, it became a tourist draw.
Fewer than 100 dusky gopher frogs were known to remain. Thanks to some very dedicated humans, numbers are now on the rise.
One town’s effort to make pricey items accessible and encourage people to buy less stuff seems to be catching on.
The Kremlin wants Ukraine to hand over the government-controlled part of the Donetsk region to Moscow.
A hiring freeze at Meta Platforms’ artificial-intelligence operations is in effect after investors voiced concerns about the scale of Meta’s stock-based compensation costs.
The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.
New Zealand will buy new navy helicopters and airforce jets in the first steps toward upgrading its military capabilities to deal with rising tensions in the Asia-Pacific region.
Most Federal Reserve officials highlighted that inflation risks as outweig concerns over the labor market at their meeting last month. Meanwhile, Governor Lisa Cook has signaled her intention to remain at the central bank despite calls for her resignation. Bloomberg's Mike McKee reports from Jackson Hole. (Source: Bloomberg)
Medical transportation firm Modivcare Inc. filed for bankruptcy in an effort to shed $1.1 billion of debt, after federal health-care funding cuts complicated the company’s future finances.
Comments by US commerce secretary trigger Chinese regulatory effort to stop tech firms buying H20 processors
The California governor’s press office is mimicking President Trump’s distinctive Truth Social style on X. Liberals love it. The White House says it’s “just getting weird at this point.”
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Wally Adeyemo, former US Deputy Treasury Secretary under the Biden Administration, discusses how President Trump’s pressure campaign to get Federal Reserve Governor Lisa Cook to resign attacks the Fed’s independence. Danielle DiMartino Booth, QI Research CEO & Chief Strategist, on what to expect to hear from Federal Reserve Chairman Powell's speech at Jackson Hole. Leon Panetta, Former US Secretary of Defense, on what security guarantees the US and Europe should give to Ukraine. Databank CEO, Raul Martynek, on can the US energy grid support the demand from AI, and Rob Bonta (D) California Attorney General talks about California joining the growing redistricting war. (Source: Bloomberg)
Oil held a gain after US crude stockpiles shrunk the most since mid-June, keeping inventories well below the seasonal average.
Jay “Jeezy” Jenkins, Grammy-nominated rapper and entrepreneur, introduces his new energy drink, Edge, also designed as a mixer for spirits. He tells Romaine Bostick on “The Close” about launching Edge and partnering with AB InBev and Eagle Rock. (Source: Bloomberg)
UK consumers remained subdued this month as rising prices threaten to eat into household budgets, a survey by the British Retail Consortium showed.
Senior employees of Singapore property conglomerate CapitaLand Group Pte allegedly took bribes from a longtime contractor of its projects in India, according to a lawsuit filed in the city-state.
The secretary of state and national security adviser will meet with European counterparts on Thursday in an effort to advance a peace process that so far has gotten little traction.
Influencers are making money online by recommending dorm products and designs to families, who spend thousands of dollars on back-to-college shopping.
Northern Star Resources Ltd. posted a 110% rise in its full-year net income, helped by a higher gold price on resilient demand for haven assets amid tariff uncertainties.
Good morning everyone, it’s Ben here in a chilly Melbourne, this is what’s making news today.Today’s must-reads:• Superannuation funds run to catch the US tech wave• Rinehart urges Australia to ditch net zero• Pop Mart shares pop on Labubu news
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 Renaissance Macro Research’s Jeff deGraaf, Telsey Advisory Group’s Joseph Feldman, Alex Mill’s Mickey Drexler, Verdence Capital’s Megan Horneman, Jefferies’ Brent Thill, Fitch Ratings’ Olu Sonola, LSEG’s Jharonne Martis, Council On Foreign Relations Inu Manak, Lucky Strike’s Tom Shannon, Grammy-Nominated Rapper Jay “Jeezy” Jenkins. (Source: Bloomberg)
Jefferies Software and Internet Research Tech Sector Leader Brent Thill discusses the tech-led selloff in an interview with Romain Bostick on “The Close.” (Source: Bloomberg)
Asian equities were primed for a muted open Thursday as whipsawing trade on Wall Street favored bonds over stocks ahead of Jerome Powell’s Jackson Hole speech.
Rob Bonta (D) California Attorney General talks about how he is preparing to fend off California Republicans who are preparing a legal challenge of their own against Governor Newsom’s attempt to redistrict the state in an attempt to block Texas’ redistricting map efforts. He speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Fitch Ratings Inc Head of US Regional Economics Olu Sonola discusses the Fed minutes and what to expect from markets as we await Powell’s speech. He speaks on “The Close.” (Source: Bloomberg)
Petrobras Chairman Pietro Mendes is stepping down from the crude producer following his approval by the Brazilian Senate to become a director at Brazil’s oil and gas regulator, known as ANP.
The former chief, Kristin Crowley, claimed that Los Angeles leaders retaliated against her for publicly blaming them for refusing to properly fund the Fire Department.
New York-based Brightcore Energy focuses on geothermal heating and cooling in urban environments, working to lower buildings' operating costs through technology. The firm focuses on tools like geothermal HVAC, efficient lighting and solar energy to help lower a building's energy use. Brightcore Energy President Mike Richter — also a New York Rangers legend — delves into geothermal energy use and technology, how his firm works with companies to integrate geothermal tech, and more. Richter joins Bloomberg Businessweek Daily alongside Bloomberg News Energy Reporter Will Wade to discuss. (Source: Bloomberg)
EquipmentShare, a construction equipment rental company backed by BDT & MSD Partners, is considering moving ahead with an IPO as soon as this year, according to people familiar with the matter.
AIA Group Ltd. reported strong growth in new business value in the first half of the year, underpinned by insurance sales in Hong Kong.
When one of SpaceX’s Starship vehicles burst into flames during a routine fueling test in June, the Elon Musk-led company decided it was time to bring in reinforcements. Shortly after the incident, roughly 20% of the engineering group working on the company’s flagship Falcon 9 program were reassigned for six months to Starship, a reusable rocket Musk hopes will someday carry humans back to the moon and to Mars, according to people familiar with the company’s planning. Bloomberg News Space Reporter Loren Grush joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Leon Panetta, former US Secretary of Defense, shares what he believes security guarantees need to look like from the US and Europe to ensure Ukraine’s safety from Russia. Panetta also talks about what to expect the US to guarantee and if he believes Russian President Vladimir Putin will agree to a trilateral meeting, & what happens next if Putin does not. Leon Panetta speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Asahi Mutual Life Insurance Co. has diverted some of its 2025 investment outlay to domestic notes from foreign bonds as Japan’s interest rates rise to attractive levels.
A CEO explains how he really feels about doing business in the Golden State.
Zohran Mamdani, the Democratic mayoral nominee, said that while he still had doubts about city casinos, he respected the views of voters who supported them.
Some holders of Liberty Puerto Rico’s revolving credit facility are huddling with Guggenheim Partners and Cleary Gottlieb Steen & Hamilton as its parent company weighs a possible separation of the cable and mobile provider, according to people with knowledge of the matter.
After making deals with the president to avoid punitive executive orders, Paul Weiss and Kirkland & Ellis are helping the Commerce Department.
Also, Israel is preparing an assault on Gaza City. Here’s the latest at the end of Wednesday.
Wally Adeyemo, former US Deputy Treasury Secretary under the Biden Administration, discusses how President Trump’s pressure campaign to get Federal Reserve Governor Lisa Cook to resign attacks the Fed’s independence. He also talks about what is and isn’t working with the President’s tariff policies and shares his thoughts on the Trump Administration weighing equity stake in Intel. Wally Adeyemo speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Good morning. Dip buyers hit the brakes on tech stocks’ tumble. Trump ramps up pressure on the Fed with a call for Lisa Cook to quit. And Dubai’s flagship FIVE hotel turns party culture into big business. Listen to the day’s top stories.
The storm, off North Carolina, was generating life-threatening surf and rip currents and causing beach closures along the East Coast.
US tariffs are seen as broadly inflationary at home and disinflationary abroad, so countries across Asia – where central banks have already begun a cycle of easing – face increased pressure on economic growth and prices.
Trump imposes new sanctions on individuals, but more can be done.
Palantir Technologies Inc.’s six-session stock-market losing streak has wiped out $73 billion in market value, handing a rare win to short sellers who are getting pounded after betting against this year’s Wall Street juggernaut.
A Texas Legislative Committee heard for the first time from the parents who demanded better flood warning systems, better training and equipment for camps near the river.
The former president suggested that Democrats opposing G.O.P. efforts in Texas and elsewhere should advance their own gerrymandering plans.
To do so, he needs to be as tough on Vladimir Putin as on Volodymyr Zelensky.
Also, Africa’s push for a new world map.
Some pension funds are waking up to a harsh reality: they’ve been left behind by the market’s hottest rally.
The language-learning app’s TikTok followers grew to 16.7 million during Zaria Parvez’s five-year tenure.
Churchill Asset Management led a roughly $190 million private credit deal to support Shamrock Capital Advisors’s purchase of communications and corporate strategy firm Penta Group, according to people with knowledge of the matter.
A Morris County resident may have contracted the illness locally, which would be the first known instance in decades of someone being exposed while in the state.
Federal Reserve Bank of Atlanta President Raphael Bostic speaks about the opportunities and challenges for financial technology. He also shares that he feels crypto is too small to put financial stability in play. (Source: Bloomberg)
The California governor is fighting Trump; he's just not moving to the left to do it. Bloomberg Columnist Ronald Brownstein explains why this "confrontational centrism" could win back the White House. (Source: Bloomberg)
Highway 12 is beloved for its scenic views. But it’s also prone to flooding.
The long-stalled project near Jerusalem, known as E1, further fragments lands envisioned as a Palestinian state, advancing a goal of Israeli hard-liners.
In 1962, she started a software company at her dining room table with a revolutionary idea: to create a place where women could find a work-life balance.
The Nasdaq composite has fallen around 2% over the past two days.
Argentine sovereign bonds fell Wednesday after lawmakers dealt a blow to one of President Javier Milei’s vetoes as congressional opponents pushed back against his austerity campaign before October midterm elections.
Lenders typically offer better terms for primary residences, including lower interest rates.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Emily Graffeo. (Source: Bloomberg)
AI startups are attracting huge funding rounds and mind-boggling valuations, while non-AI-native startups struggle to raise capital. Bloomberg’s Kate Clark joins Caroline Hyde on “Bloomberg Tech” to explain what is behind the trend and its potential impact. (Source: Bloomberg)
CEOs are getting pushed out at record rates. On the Big Take podcast: the hidden costs of replacing a CEO and who foots the bill.
President Trump called on Fed Governor Lisa Cook to resign after FHFA Director Bill Pulte urged an investigation of Cook's mortgages. Now, all eyes are on the upcoming Fed symposium in Jackson Hole, Wyoming, where Fed CHair Powell is set to speak on Friday (Source: Bloomberg)
EliseAI announces a $250 million Series E funding round led by Andreessen Horowitz. CEO Minna Song says the money will be used to grow the company’s team. She joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
He made a daring raid on a U-boat, suffered 72 wounds and helped land his damaged seaplane.
A $5.6 billion settlement over card swipe fees in 2019 doesn’t apply to a new set of antitrust cases accusing Visa Inc. of monopolizing the debit card market, a federal judge ruled.
Off-price retailer TJX Cos. raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters. Barclays Capital Senior Retail Analyst Adrienne Yih has more on the story. (Source: Bloomberg)
Immigration authorities have detained about 50 children younger than 18 in the New York City area since January. At least 38 of them have been deported.
Mickey Drexler, chair of Alex Mill and former CEO of J. Crew Group, discusses the retail landscape with Romaine Bostick and Scarlet Fu on "Bloomberg The Close." (Source: Bloomberg)
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Emily Graffeo discuss the Federal Open Market Committee releasing its July minutes as a majority of members see inflation risk outweighing employment risk. Bloomberg's Stuart Paul drops by to break the minutes down. Andreessen Horowitz General Partner David Haber talks AI startups and Google Platforms & Devices Senior Vice President Rick Osterloh sits down with Caroline Hyde to discuss the latest Pixel lineup. (Source: Bloomberg)
Roth Capital Partners Senior Research Analyst Rohit Kulkarni says AI’s potential impact on Meta has barely been scratched. He joins Caroline Hyde on “Bloomberg Tech” to discuss Meta’s latest AI team restructuring. (Source: Bloomberg)
Cliff Young, president of public affairs for Ipsos, breaks down new polling numbers that show President Trump underwater on the same issues that got him elected. (Source: Bloomberg)
Meta is restructuring its AI group, splitting it into four teams in a move to accelerate the company’s pursuit of superintelligence. Bloomberg’s Riley Griffin discusses the details with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bank of America’s new Chief Technology and Information Officer Hari Gopalkrishnan says the bank and its customers are seeing returns from AI investments. He discusses the bank’s efforts and an MIT study showing that generative AI investments aren’t paying off for most enterprises with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Alphabet Inc.'s Google introduced new consumer gadgets, including smartphones, a watch, and wireless earbuds at their "Made By Google 2025" event in New York. The new lineup of Pixel phones starts at $800. Google Platforms & Devices SVP Rick Osterloh speaks to Bloomberg's Caroline Hyde. (Source: Bloomberg)
The tech sell-off continues as investors question AI valuations. Grenadilla Advisory founder and CEO Anna Rathbun joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg's Stuart Paul reacts to minutes from the July meeting of Federal Reserve officials, as a majority of participants judged that the risk of inflation outweighs concerns of a weakening labor market. (Source: Bloomberg)
US crude exports are finally picking up after a muted summer as domestic refineries begin preventive maintenance and the Trump administration threatens tariffs on India for purchasing Russian oil.
Alaska Air Group Inc. debuted a new loyalty program that will let members choose from three options to earn award points, the first such offering in the US industry. The Points Managing Editor Clint Henderson has more on the story. (Source: Bloomberg)
Louisiana’s utility regulator approved Entergy Corp.’s plan to build three new gas plants that will power Meta’s data center in the state, the company said in a news release Wednesday.
David Rosenberg, Rosenberg Research president and founder, says the Federal Reserve will be slow to cut interest rates. He says the economy is sputtering and without tech spending on AI, it would be in a recession. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Citi Head of US Trading Strategy Stuart Kaiser says his number one concern is the unemployment rate because of the three consecutive months of weak payrolls, the feeling of hiring strike and tariff uncertainty. He speaks with Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)
Estée Lauder Cos. is lowering prices on some items to boost sales, an unusual move at a time when many US consumer companies are raising prices to offset higher tariff costs.
Shares of Nabors Industries Ltd., one of the world’s biggest suppliers of land drilling rigs, jumped by the most in more than five months after announcing it was selling its drill pipe rental business Quail Tools, LLC to Superior Energy Services, Inc. for $600 million plus adjustments.
Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.
Rental-car operator looks to boost profits selling well-maintained vehicles directly to consumers.
Rise in planning permission for projects reflects growing momentum behind Labour government’s clean power push
On the early edition of Balance of Power, Bloomberg Washington Correspondent Tyler Kendall and Senior Editor Michael Shepard discuss President Donald Trump's calls for Federal Reserve Governor Lisa Cook to resign. On today's show, former US Ambassador to NATO Kay Bailey Hutchison, Third Way Executive Vice President Matt Bennett, Republican Main Street Partnership President and CEO Sarah Chamberlain and Groundwork Collaborative Senior Fellow Kitty Richards. (Source: Bloomberg)
A stretch of unusually hot weather combined with exceptionally dry vegetation will elevate the risk of wildfire.
Artificial intelligence may change the world, but it probably won’t remake it.
The previously undisclosed site could potentially store intercontinental ballistic missiles capable of striking the U.S. mainland, according to a Washington, D.C.-based think tank.
Israel’s plan to invade Gaza City, the most populous city in the Gaza Strip, has forced many families to consider uprooting themselves.
Citi Group Head of US Equity Trading Stuart Kaiser says there is no smoking gun in regards to the recent tech selloff and believes that it is more positioning, sentiment driven move. He speaks with Scarlet Fu on 'Bloomberg Markets.' (Source: Bloomberg)
Yarely Hermosillo, 27, was in a car struck by a bullet fired by a man who was arguing with another driver in Glendale, Ariz., the police said.
Target Corp.’s incoming Chief Executive Officer Michael Fiddelke said the big-box retailer is facing adversity and called on employees to go the extra mile to end a lengthy sales slump.
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Target is naming long-time insider Michael Fiddelke as its next chief executive officer. He'll be tasked with turning around the struggling retailer. And Lowe's makes a $8.8B deal that will help the home improvement retailer cater to more professional customers. And tech troubles mount as Nasdaq struggles to recover from it's second biggest 1-day drop since April's tariff shock. And what does it cost to fire a CEO? Bloomberg Big Take crunched the numbers after the high-profile ousters at Nike and Starbucks. (Source: Bloomberg)
Nu Holdings Ltd. said Armando Herrera will become chief executive officer of Nubank’s Mexico business as the digital lender prepares to operate as a licensed bank in Latin America’s second-largest economy.
Blackstone’s Verdun Perry called buying and selling existing stakes of private assets “the most underutilized tool” in that market, predicting secondaries deal volume will more than double to $400 billion by 2030. (Source: Bloomberg)
Most Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee. Mike McKee reports.
“Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Citi Head of US Equity Trading Strategy Stuart Kaiser, The Points Guy Managing Director Clint Henderson and Barclays Capital Senior Retail Analyst Adrienne Yih. (Source: Bloomberg)
Banco Master is seeking a new credit line of as much as 12 billion reais ($2.2 billion) from Brazilian deposit insurance fund FGC to keep its operations running while it tries to sell assets, according to people familiar with the matter.
‘Some’ members of policy setting board noted that it is inappropriate to wait for clarity before cutting rates
The judge said that the papers contained testimony from a single F.B.I. agent and that far more information about the case was held in Justice Department files.
Stephanie Guild, Robinhood Chief Investment Officer, joins Open Interest to discuss retail trader behavior, tech stocks, and the labor market. (Source: Bloomberg)
Most Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.
Lykos Global Management named J. Andrew McEntire, Point72 Asset Management’s global head of capital markets, as its president.
Latest official figures underscore stubborn price pressures confronting the Bank of England
Brazil’s antitrust regulator delayed a final decision on beef supplier Marfrig Global Foods SA’s takeover of chicken producer BRF SA, further dragging out the completion of a deal that would create one of the world’s largest meat companies.
To understand the virus’s re-emergence in America in 2025, some experts are looking to a past epidemic that had a high death rate in Philadelphia.
Leaders of the Appropriations Committee are trying to tighten up funding legislation to give the Trump administration less leeway to refuse to spend federal money.
Hayek warned of the danger of government ownership stakes in major companies.
European and Ukrainian officials call the idea ludicrous, showing the large gaps in peace negotiations.
Neuroscience research on primates will help us learn how to build an efficient thinking machine.
President Donald Trump called on Federal Reserve Governor Lisa Cook to resign following a call for an investigation of the board member’s mortgages by Federal Housing Finance Agency Director Bill Pulte. Josh Wingrove reports on Bloomberg Television.
A lot of people are fretting about an overvalued US stock market. A recent Bank of America survey of fund managers said that 91% of them think US equities are too expensive. Should we care though?
Tyler and Cameron Winklevoss, the twin brothers who run the Gemini cryptocurrency exchange, said they’ve donated $21 million in Bitcoin to a Republican-oriented political action committee to help President Donald Trump expand his pro-digital asset agenda going into the US midterm elections.
Among those expected to surrender in the coming days are Mayor Eric Adams’s closest adviser and a friend whom the mayor installed in a powerful city position.
A power struggle is taking shape over choosing a successor to the 90-year-old Buddhist leader. In a trip to Tibet’s capital, China’s leader emphasized maintaining Beijing’s control.
Kay Bailey Hutchison, former US ambassador to NATO, said a security guarantee for Ukraine, including European troops on the ground working in concert with the US, is essential to any settlement to the war there. European leaders are discussing a security guarantee for Ukraine that would commit Kyiv’s allies to decide within 24 hours whether to provide military support to the country if it’s again attacked by Russia. A proposal that amounts to a NATO-like collective defense clause, but doesn’t come with actual membership in the alliance, is being pushed by Italian Prime Minister Giorgia Meloni. It’s among an array of options being fleshed out as European leaders leverage momentum after President Donald Trump agreed to back security guarantees for the war-battered nation. (Source: Bloomberg)
Chile’s SQM says a lithium tie-up with state-owned Codelco is on track to be finalized well before the country’s next government takes power, easing concerns that the landmark deal could be upended.
Plagued by failed test flights, Elon Musk’s space company is under pressure to show progress in its massive rocket program. How long will investors keep the faith? Kiel Porter explains. (Source: Bloomberg)
A federal judge denied the US Justice Department’s request to release the transcript of the grand jury proceedings that led to Jeffrey Epstein’s indictment for sex trafficking in 2019, another blow to the Trump administration’s attempt to satisfy public appetite for more information.
Prime Trading has established a floor operation at Cboe Options Exchange, in a sign the 177 year-old tradition of face-to-face derivatives trading in Chicago is continuing to attract investment.
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and a heavy flow of new bond sales.
The head of the Federal Housing Finance Agency alleged that Fed governor Lisa Cook submitted what he called fraudulent information.
Russian Foreign Minister Sergei Lavrov said any Western security guarantees for Ukraine in an eventual peace deal could only be enacted with Moscow’s cooperation—essentially rendering them useless against another Russian invasion.
Blackstone Inc.’s Verdun Perry called buying and selling existing stakes of private assets “the most underutilized tool” in that market, predicting secondaries deal volume will more than double to $400 billion by 2030.
Russia’s oil output and exports will remain steady this year even as the industry goes through its most challenging period since the Covid-19 pandemic, according to a Moscow-based consultant.
Michael Baker, D.A. Davidson Senior Research Analyst, says he hopes Target’s new CEO can focus on store operations, stocking shelves, better service, and cleaning up messy stores. (Source: Bloomberg)
Ford CEO Jim Farley told Bloomberg's Matt Miller and Hannah Elliot that he was “nauseated” with the state of the supercar segment. He announced plans for Ford to develop a high-end off-road supercar. (Source: Bloomberg)
The test is meant to filter out teachers who hold views “antithetical” to Oklahoma values.
Input from readers will help shape our coverage.
Udemy CEO Hugo Sarrazin joined Bloomberg Open Interest to talk about how AI has the potential to reshape, and re-skill the US workforce. (Source: Bloomberg)
Chicago-based private credit investor Monroe Capital plans to raise around $350 million through a structured finance vehicle backed by cash flows from stakes in a number of its funds, according to people with knowledge of the matter.
President Donald Trump has purchased hundreds of bonds since he returned to office, in 690 transactions totaling at least $103.7 million, according to a document released by the White House on Tuesday. Bill Allison reports on Bloomberg Television.
The state law had said public schools would have to display the Ten Commandments in a “conspicuous” location in every classroom in Texas by Sept. 1.
When Starbucks Corp. tapped Brian Niccol as chief executive officer in 2024, it cited the “critical need for a transformative leader” in justifying the hire. If performance significantly improves, stock payouts mean the corner-office switch could cost the company $130 million. That figure includes estimated exit payments to outgoing CEO Laxman Narasimhan as well as so-called “make whole” awards of cash and stock sufficient to entice Niccol to leave his job running Chipotle Mexican Grill Inc. Starbucks deemed the payments “necessary” to recruit Niccol. But some observers balked. “The price of the transition is staggering,” concluded proxy-advisory firm Glass Lewis, in a February report that criticized the company’s succession planning and urged shareholders to vote against its executive compensation plan. “Shareholders should be critical of the costly nature of a CEO transition.” Bloomberg's Matthew Boyle reports. (Source: Bloomberg)
Oracle Corp.’s Larry Ellison used to scoff at the idea of cloud computing, saying in 2008 that it was “complete gibberish.” Now, the success of Oracle’s cloud infrastructure unit is why the company’s stock price has soared and made Ellison, its chairman and co-founder, the second-richest person in the world. The AI boom has dramatically increased demand for computing and storage over the internet. Oracle, a software company that had long struggled to find its niche in this market, gained a foothold through scoring major customers. Today, it’s helping power Elon Musk’s xAI from a data center in Utah, assembling a cluster of tens of thousands of AI chips for Nvidia Corp. near Singapore and recently inked what is likely the largest single cloud deal ever with OpenAI, the leading artificial intelligence company. Bloomberg's Brody Ford reports. (Source: Bloomberg)
Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season.
On track for more than 48 inches of rain in August, India’s financial capital is expected to surpass the record set in 2020.
From 2003 to 2023, the share of Americans who read for pleasure fell 40 percent, a sharp decline that is part of a continuing downward trend.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The technology is limited to those pages it can see, and most original records aren’t yet digitized.
UK chancellor examines case for a ‘mansion tax’ that would be technically workable but politically combustible
Hi, it’s Julia Fioretti and Dave Sebastian in Hong Kong, putting some numbers on a busy summer in the equity capital markets here. Meanwhile, the August M&A rush continues apace.
How financing attorneys became kings in a world of ‘creditor on creditor’ violence
For some five decades Pippo Baudo was the face of Italy’s national broadcaster, RAI. His death on Saturday unleashed a wave of accolades and tears.
So far the team includes hires from Google, Meta, AWS and even a Pixar vet who is helping GM develop new factory ‘cobots.’
I’m an iPhone user. These are the smart tools I’m most jealous of in Google’s new Pixel 10.
Arthur Hayes got rich, indicted and banned — all before turning 40. He built BitMEX into one of the world’s largest crypto trading platforms, watched it buckle under regulatory and legal fire, and later saw his conviction wiped clean by a pardon from President Donald Trump.
A member of a notorious cybercrime gang known as Scattered Spider was sentenced on Wednesday to ten years in prison in connection with a string of major hacks and cryptocurrency thefts.
Central bankers are gathering in Jackson Hole, Wyoming this week to defend Jerome Powell against relentless attacks from President Donald Trump. Powell has been under intense pressure from the White House to cut rates, and Trump is already looking for his replacement. Bloomberg's Michael McKee reports. (Source: Bloomberg)
A drone intended for attacking gang members detonated at a police base, raising questions about how the deadly operations are conducted.
Is consumers’ tepid response to ChatGPT-5 proof of an AI bubble? Bloomberg Opinion columnist Dave Lee explains why the AI winter is almost here. (Source: Bloomberg)
Romantasy is propping up the fiction market. Thanks to a generation that grew up reading about a boy wizard.
Honeywell International Inc. and other backers of Quantinuum are considering raising money for the quantum computing firm at a valuation of around $10 billion, people familiar with the matter said.
Demand from foreign minister Sergei Lavrov would give Moscow an effective veto over efforts to defend Kyiv
Join us each month this school year to discuss a teen-friendly topic with a New York Times journalist who covers it. Post your thoughts, ask questions or suggest ideas, and the reporters will reply!
As negotiations over the war carry on, President Vladimir V. Putin is pushing hard with tactics that have evolved over three years and a half years.
What used to be a free preview of low-key qualifying matches is reinvented as a mostly free event with some of the biggest names in tennis.
In the second episode of this four-part series, Rubenstein delved into the breakthroughs in cancer detection and treatment, how artificial intelligence could transform prevention and early diagnosis, why cancer rates are rising among young adults, the role of mRNA vaccines in preventing and treating future cancers and the urgent challenges of health disparities and access to care. Disclosure David Rubenstein is a Trustee of Memorial Sloan Kettering Cancer Center David Rubenstein is a Director of Moderna, Inc. David Rubenstein is a Trustee Emeritus of Johns Hopkins Medicine (Source: Bloomberg)
A days-long heat wave rolling across parts of the US West is expected to ramp up wildfire risk, prompting California to pre-deploy crews as record-dry vegetation potentially acts as kindling for blazes.
Researchers are seeing an uptick in cases, as they have every summer since the pandemic began. Here’s why.
The rare blast peeled back the inner layers of a dying star, offering clues to how the elements that make up life on Earth were forged.
US stocks are “in the early days” for a bubble, although the critical point for a correction has yet to come, Oaktree Capital Management LP co-founder Howard Marks cautioned.
A 90-day pause on additional tariffs on China offers no relief to American companies already facing extraordinarily high import taxes imposed by President Trump.
Merlin Entertainments Ltd’s senior secured bonds are set for a record drop, after S&P Global Ratings warned that the theme park operator could run low on cash in a year.
Prominent Fox hosts privately sought to help President Trump’s efforts to overturn the results of the 2020 presidential election, according to newly unredacted documents in a lawsuit against Fox.
An ultra-luxury resort in Beverly Hills won approval from the City Council to form a special taxing district, the first step toward raising as much as $550 million through the municipal bond market.
Citigroup hired law firm Paul Weiss to investigate complaints about the behavior of wealth-management chief Andy Sieg, according to people with direct knowledge of the matter. Todd Gillespie has more on “Bloomberg Open Interest.”
President Donald Trump’s “America First” tariff policies are boosting manufacturing in Puerto Rico, an island he has both attacked and claimed to help more than any other US leader.
Greetings, it’s Volodymyr, a reporter from Kyiv. Starlink is playing an important role in the fighting between Ukrainian and Russian soldiers, but the fragile terminals aren’t designed for military purposes. A local entrepreneur has a solution. First though ...
Vinh Nguyen, an expert in artificial intelligence and advanced mathematics, was among the current and former officials whose security clearances were revoked by the president.
JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading a $22 billion loan to support Vantage Data Centers’ plan to build a massive data-center campus, according to people with knowledge of the matter.
Howard Marks, co-chairman at Oaktree Capital Management, says he finds stocks expensive “relative to what I call fundamentals, or you might call reality,” but says there’s no reason to think there’s a correction coming. (Source: Bloomberg)
US Treasuries gained for a second day as traders wait for a 20-year bond auction and the minutes of last month’s Federal Reserve meeting, when two policymakers dissented in favor of reducing interest rates.
Nano Nuclear Energy shares fell the most since April Tuesday after Ladenburg Thalmann & Co. cut its recommendation to sell from buy on its risk-reward profile. Analyst Michael Legg sees the company’s focus on ancillary ventures in fuel, transportation and consulting as distractions from its core initiatives like the Kronos reactor: “Given higher expected costs, significant dilution risk, and increasing competitive pressure, we believe NNE’s risk-reward profile is skewed to the downside.” Legg still sees the company as venture-stage, as reactor revenues are not expected until 2031 at the earliest. He also notes that the company has had limited institutional investment interest, with much of the stock momentum coming from retail investors. Nano Nuclear Energy reported earnings that topped estimates for the quarter on Aug. 14. James Walker, CEO of NANO Nuclear Energy, responds to Legg's comments on Bloomberg Businessweek Daily. (Source: Bloomberg)
A deal would see the private-equity firm pay $70 a share for the human-resources software company, a 7% premium to Tuesday’s closing price.
As scammers expand their targets beyond large companies, cybersecurity experts urge consumers to study web addresses carefully.
Macquarie Group Ltd. has hired Samuele Ravelli to lead its global LNG trading business as the market for the super-chilled fuel booms.
Stocks headed for a fourth straight day of declines as investors questioned sky-high valuations amid a deluge of earnings reports from retailers, with a closely watched Federal Reserve symposium to come later this week.
“Time for a breather,” says Alicia Levine, head of investment strategy and equities at BNY Wealth, as she examines Tuesday’s tech selloff and says the Federal Reserve is headed for a cut “one way or the other.”
Michael Fiddelke promises to restore ‘swagger’ at US chain when he succeeds veteran Brian Cornell
Global credit markets are tight, and strategic insights are essential. In this episode of the Credit Crunch podcast, Mahesh Bhimalingam, Bloomberg Intelligence’s global head of credit strategy, hosts BI’s global credit strategy team to highlight worldwide research, data and views. Tim Tan and Jason Lee (Asia), Basel Al-Waqayan (Middle East), Heema Patel (Europe) and Reto Bachmann (Structured Finance) share takeaways on market structure, relative value and major themes shaping their regions. Acce
Tech stocks slip on Wednesday following biggest sell-off in almost a month in previous session
President’s ally Bill Pulte called for probe into the official over alleged wrongdoing on personal mortgages
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Alec Luhn, 38, an American journalist, hopes the lessons he learned from his ordeal in a national park in Norway can help others.
President Donald Trump says Federal Reserve Governor Lisa Cook should resign after Federal Housing Finance Agency Director Bill Pulte said she may have committed mortgage fraud. Pulte is asking Attorney General Pam Bondi to investigate Cook. Seema Shah of Principal Asset Management reacts to the news on "Bloomberg Surveillance." (Source: Bloomberg)
Hedge fund investors, fed up with paying billions of dollars in opaque fees, are starting to fight back — with their wallets.
Asian healthcare-focused private equity firm Quadria Capital is considering selling its minority stake in Indian topical pharmaceutical company Encube Ethicals Pvt, people familiar with the matter said.
Stilton is a special type of blue cheese that can be made in only three English counties. There are just four producers of Stilton left, but this one was crowned best cheese in the world, according to one of the industry’s top awards last year. Eshe Nelson, a business reporter for The New York Times, went to Clawson Farms, the producer of the award-winning Stilton, which is trying to expand its business in the United States, despite the higher costs imposed by the Trump administration’s tariff policy.
US authorities are being pressed to step up efforts to combat the illegal gold trade, one of the largest and fastest-growing illicit economies in the Western Hemisphere.
The bus collided with two vehicles. The victims were among the 1.8 million Afghans expelled from Iran as the country vowed to deport undocumented residents en masse.
A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.
Charles Plosser, the former president of the Federal Reserve Bank of Philadelphia who became an outspoken critic of the Fed’s easy-money policies following the 2008 financial crisis, has died. He was 76.
Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor ASA’s new Johan Castberg field in the Barents Sea.
Bonds of Turkish appliance retailer Vestel Elektronik plummeted on Wednesday after the company reported a 7.26 billion lira ($177 million) second-quarter loss, dialing up the pressure as it struggles to rein in its debt burden.
DriveWealth Chief Executive Officer Michael Blaugrund is returning to his former employer, NYSE owner Intercontinental Exchange Inc., and will be replaced by industry veteran Naureen Hassan.
Rental inflation cools to 5.9% in July, with average rent hitting £1,343 a month
Man Group, the world’s largest publicly traded hedge fund, is doubling down on a contrarian bet that it has held on emerging-market dollar bonds for years, saying the debt is set for a harsh reality check as inflation damps the outlook for US interest rate cuts.
At the amphitheater-style pool in FIVE’s flagship property in Dubai, hundreds of guests sip cocktails under the blazing sun, unfazed by the desert heat. It’s less a hotel stay than a social spectacle. For the hospitality group’s chairman and founder, that buzz is part of the business model.
Wall Street quants and leading financial academics are clashing over whether artificial intelligence has upended one of the core principles of systematic investing.
Abaxx Technologies CEO Josh Crumb says President Donald Trump's tariffs on some gold bars were good for their business. He says physical demand for gold from Singapore and Asia is high. He's on "Bloomberg The Close." (Source: Bloomberg)
Target Corp. named veteran Michael Fiddelke, who currently serves as chief operating officer, as its next CEO starting in February. Jennifer Bartashus of Bloomberg Intelligence has more.
FLSmidth & Co. A/S, which agreed to sell two large assets in June, now has the ability to conduct large acquisitions because the Danish engineering group’s balance sheet has been strengthened, Chief Executive Officer Mikko Keto said.
The company, which helps shippers track shipments and fight cargo theft, plans more acquisitions.
The IMO’s draft net zero framework’s implications for new marine fuels and technologies as well as the top challenges for shipowners and fuel producers are explored in the latest ESG Currents episode. Strong demand will develop for hydrogen-derived fuels, with ammonia likely to be the “scalable solution,” Tristan Smith, Professor of Energy and Transport at UCL Energy Institute tells Conrad Tan, Bloomberg Intelligence ESG integration analyst. Smith, whose institute is known for its research guidi
Gunvor Group’s former head of North American natural gas and power will join energy trader InCommodities A/S early next month to help drive the build-out of its US division.
Wheat nudged higher in Chicago, snapping a two-day decline, as the market digests expectations of bigger Russian supplies and fresh signs of demand.
The New York City MTA has proposed hiking the base fare for subways and buses from $2.90 to $3.00 starting in January. Tolls for bridges and tunnels would also go up. The transit system is facing a $1.1 billion deficit starting in 2027. MTA Chief Financial Officer Jai Patel says polls show customers are satisfied, crime is coming down, and fare hikes are small and predictable. Patel also talks about mayoral candidate Zohran Mamdani's proposal to make buses free and how they're fighting fare evasion. She speaks on Bloomberg Businessweek. (Source: Bloomberg)
The talks in Paris brokered by the United States were the latest effort to reduce tensions between the two longstanding foes, and came after Israel launched airstrikes on the Syrian capital last month.
White sugar’s premium to the raw variety widened to the highest in more than a year as purchases by Pakistan boost demand for the refined sweetener.
Borrowing costs for Indian companies are set to climb at the fastest pace in more than two years, as concerns mount that the government’s tax cuts may result in higher borrowing and squeeze out issuers.
He supports Europe enough to make it complacent but not enough to make it safe
A joint Rio Tinto, BHP project in Arizona could supply 25% of US demand, but a court just blocked a crucial land swap.
In an industrial-chic event space in Brooklyn, about 100 engineers from Malaysia to Italy spent a sweltering August weekend racing against the clock. The tech-savvy crowd was competing at Coinbase Global Inc.’s “Crypto x AI” hackathon, wiring chatbots and mobile apps to run on digital dollars in a bet that stablecoins — once dismissed as crypto’s dullest invention — could become the plumbing of the new AI age.
Thoma Bravo is in advanced talks to buy human resources software provider Dayforce Inc. in what would be one of its largest-ever deals.
Trafigura Group has strengthened its push into biofuels by hiring two vegetable oil traders from Olam Group Ltd.
President Trump praised Prime Minister Benjamin Netanyahu of Israel for bombing Iranian nuclear sites, and credited himself as well.
Investors have been pouring money into hedge funds at the fastest rate in a decade, hoping volatile markets will produce outsized returns.
We explore President Trump effort to eliminate mailed ballots and voting machines.
Funds cut speculative long bets that European gas prices will rise at the fastest pace since last winter, signaling growing conviction that supply worries are set to ease as traders ramp up stockpiling ahead of the heating season.
Troops have reached the city’s outskirts, an Israeli official said, adding that more reservists are being asked to report for duty to cover for other soldiers who will be involved in going into Gaza City.
This isn’t a job for just one private lender.
With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.
Companies touting their artificial intelligence and crypto-sector ties are speeding up their IPO timelines, after triple-digit first-day pops became a regular feature in this summer’s sizzling US market for new issues.
UK inflation climbed to an 18-month high on the back of surging food, transport and hospitality prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November. --- The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Good morning. The push for peace in Ukraine gains momentum. Suspense builds for Jerome Powell’s Jackson Hole speech. And Donald Trump has a new idea to deter migrants, involving black paint. Listen to the day’s top stories.
Bloomberg’s Suzanne Lynch joins Dani Burger on “Bloomberg Brief” to discuss the current ‘status quo’ in US-China trade, as well as the growing geopolitical tensions stemming from increased Indian purchases of Russian oil. (Source: Bloomberg)
It is the mid-market companies that are the 'heartland' of national economies, and more needs to be done to allow these companies to invest, innovate, and grow, says Dean Forbes, CEO of Forterro, a tech company that provides software solutions to the industrial and manufacturing sectors. Forbes spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
China Southern Airlines Co. and Air China Ltd. are among the Chinese airlines that have started dividing up an order of 500 Airbus SE jets in a deal that Beijing is still looking for an opportune time to announce, people familiar with the matter said.
A Fed cut is looking more and more likely as US unemployment is beginning to tick up says Greg Fleming, President and CEO of Rockefeller Capital Management. Nevertheless, the markets are 'getting ahead of themselves' by predicting that the next cut will be a 50-point one, contends Fleming. He spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
Two units of Adani Group raised a total of about $275 million through two foreign currency loans as the Indian conglomerate continues to ramp up its borrowing, according to people familiar with the matter.
Chief Operating Officer Michael Fiddelke, who will take the top job in February, said the retailer needs to revive its focus on stylish merchandise.
Bets on a jumbo rate cut from the Fed are mounting.
Lowe’s Cos. agreed to buy Foundation Building Materials, a North American distributor of drywall and other building products, for about $8.8 billion in cash.
Plan for renewed assault comes as officials approve controversial settlement project that would split West Bank
China Mengniu Dairy Co. is considering selling a minority stake of about 20% in ice-cream brand Aice, people familiar with the matter said.
Wall Street’s selloff in tech heavyweights dragged down global markets on Wednesday, as investors cashed in gains from the leaders of the post-April rally. Europe’s Stoxx 600 dropped 0.1% after closing within a whisker of an all-time high on Tuesday. Technology stocks fell as much as 0.9% before paring the loss. Investors took shelter in defensive sectors, with real estate and utility stocks among the biggest gainers. Asian stocks retreated 0.7% Elsewhere, UK inflation climbed to an 18-month high on the back of surging food, fuel and transport prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Consumer prices rose 3.8% from a year earlier, up from 3.6% in June and the fastest pace since January 2024, the Office for National Statistics said Wednesday. Today's guests: Johanna Kyrklund, Schroders Group CIO, Greg Fleming, Rockefeller Capital Management CEO, Dean Forbes, Forterro CEO. (Source: Bloomberg)
Treasury Secretary Scott Bessent signaled US satisfaction with the current tariff set up with China in an interview with Fox News on Tuesday. Last week, the Trump administration extended a pause on higher tariffs on Chinese goods for another 90 days into early November. Brendan Murray reports on Bloomberg Television.
Plus, censoring prestige TV.
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
Emerging-market stocks and currencies headed for their biggest drop in about three weeks as a selloff in US tech heavyweights curbed demand for riskier assets.
The announcement comes as more Israelis want the war to end in a deal that will free the remaining hostages held by Hamas.
India and China have agreed to explore demarcating their disputed border, a key move toward resolving decades-old territorial disputes as the neighbors look to recalibrate ties against the backdrop of strained India-US relations.
Buying emerging-market currencies against the dollar this year has delivered some of the most attractive returns of the decade, and according to Citi’s head of strategy, the trade still has further to run — at least in the short term.
Standard Chartered Bank Kenya Ltd.’s first-half profit declined by a fifth after income from foreign-exchange trading plunged and from loans dipped.
UK inflation climbed to an 18-month high on the back of surging fuel, food and transport prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Consumer prices rose 3.8% from a year earlier, up from 3.6% in June and the fastest pace since January 2024, the Office for National Statistics said Wednesday. The pickup was forecast by the BOE but exceeded the 3.7% economists expected. Money markets kept wagers on BOE interest-rate cuts broadly steady, seeing around a 40% chance of another reduction by year-end. A full quarter-point cut had been expected earlier this month. Bloomberg's Chief UK Economist Dan Hanson joins Stephen Carroll and Anna Edwards to discuss. (Source: Bloomberg)
Novo Nordisk A/S said it has implemented a global hiring freeze as the Danish maker of weight-loss drugs seeks to cut costs and regain its footing in the competitive market.
The automaker’s payouts seem ambitious, notwithstanding a heavy adjustment of cash-flow metrics.
The burger chain has been working to improve its affordability, after consumers have recoiled from escalating restaurant menu prices.
The Warren Buffett effect is proving true once again, spurring UnitedHealth Group Inc.’s reversal this month and giving the Dow Jones Industrial Average a push toward its first closing high since last year.
Parents are paying more than they can afford, but daycares and preschools can barely make ends meet. It’s a market failure—but it doesn’t have to be.
For working parents, the first five years of a child’s life are often the most financially draining. Explore this interactive map to see how costs vary across the U.S.
Group14 and Lyten have both acquired foreign battery facilities, aiming to tap into clean-energy demand
Only a few tech companies have exceeded $100 billion in their U.S. trading debut, a valuation OpenAI and SpaceX have easily surpassed as private companies.
Hong Kong Exchanges and Clearing Ltd. CEO Bonnie Chan is optimistic about the IPO pipeline fueling the return of international investors to Hong Kong. Chan spoke with Bloomberg News' Yvonne Man after HKEX said profit in the second quarter rose 41%, to a record HK$4.44 billion ($570 million). (Source: Bloomberg)
An overhaul in the Dutch pension fund system is already having an impact on the multi-trillion euro swaps market.
Kenya is in talks with China to convert dollar-denominated debt the East African nation owes its biggest bilateral lender to yuan and extend the repayment period, Treasury Secretary John Mbadi said.
The Indonesian central bank’s surprise interest-rate cut would provide the domestic economy and local assets with a much needed boost, according to analysts.
Unregulated sexual stimulants are flooding West Africa, posing major health risks that officials are scrambling to address.
The company said it expects a $100 million hit from tariffs this year.
The effort is intended to help the G.O.P. win five more U.S. House seats in the midterm elections. Other states, red and blue, are likely to redraw their own maps.
President Trump has repeatedly bent other leaders to his will, simply by refusing to budge. But there is one person who refuses to budge even more than President Trump, and that is Vladimir Putin of Russia. Maggie Haberman, a White House correspondent for The New York Times, takes us inside how Trump has been engaging with Russia and Ukraine.
The actor’s improv background makes him more comfortable in comedy, but his performance in this twisty sci-fi mystery brought his first Emmy nomination.
The actor’s improv background makes him more comfortable in comedy, but his performance in this twisty sci-fi mystery brought his first Emmy nomination.
Deepfakes are getting more realistic, and more difficult to stop. Congress needs to take steps now.
Thirty states, as well as Washington, D.C., allow voters to register with a political party. Here’s what the data shows.
A battle is heating up in the streaming world as millions of Americans sign up for multiple services through a single provider instead of separate apps.
Mexico and Canada have long viewed each other with indifference or even distrust. They’re now talking about teaming up.
Kevin Woods, who says he engages in weekly conversations with 18-inch-tall creatures, has built a tidy business with books, merchandise, guided tours and maybe soon, an animated series.
Students from some countries won’t make it to class this fall because of President Trump’s travel ban. Others can’t get visa appointments. Some are simply scared. Universities are panicking.
Two decades after the Rose Revolution, the former Soviet satellite is turning away from the West and back toward Russia. What happened?
Heat waves are increasingly dangerous for those without water, shade and air-conditioning.
If you want to understand the health of a political party, take a look at their voter registration numbers. And for the Democrats, it’s not looking good.
The party is bleeding support beyond the ballot box, a new analysis shows.
Newly imposed liquidity measures aimed at containing a nascent peso selloff have stoked tensions between Argentine President Javier Milei and the country’s banks, a sector that was largely aligned with his policy goals but now sees its profitability under threat.
The chief executive officer of Abu Dhabi’s largest renewables company said he prefers to stay private for now because the company is well funded — despite the regional boom in initial public offerings.
Households are struggling with a mix of high living costs, stagnant wages and new tax burdens.
Event marking 80th anniversary of second world war ending will highlight PLA’s advanced technology
The central bank forecasts inflation to stay within the 1.5%-3.5% range for this year and next.
“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.
South African inflation quickened to a 10-month high in July, reducing the chance of another interest-rate cut when policymakers meet next month.
The Czech Republic must drop its penchant for “fiscal self-flagellation” in favor of investing in economic growth, according to a senior official from an opposition party poised to sweep to victory in October elections.
High Court grants Epping Forest injunction against local hotel that blocks housing of asylum seekers there following wave of anti-immigration protests
You always hear about startup exits. Big acquisitions. Big IPOs. But of course, this isn’t the fate for most new ventures. Many of them die outright, without any kind of “exit” at all for shareholders. So how do you wind down a company, and sell off the scraps? How do you actually pull the plug? David Johnson of Resolution Financial Advisors specializes in exactly that. Because the formal bankruptcy process is very expensive, many companies look for some way to salvage value by doing an asset fi
Saudi Arabia’s Mutlaq AlGhowairi Contracting Co. is weighing an initial public offering in Riyadh, according to people familiar with the matter, which could add to a wave of listings in the kingdom that’ve raised over $10 billion in the last two years.
Mark Cudmore, Anna Edwards and Guy Johnson break down today’s key themes for analysis and investors on “The Opening Trade.” (Source: Bloomberg)
Earnings are due from Lowe's, Target and TJX
The euro-zone economy is likely to see slower growth this quarter, with question marks over global trade remaining despite recent deals with the US reducing uncertainty, European Central Bank President Christine Lagarde said.
The largest Nordic country’s policy rate will be left at 2.00%, in a decision widely expected by investors.
Global bond funds making so-called steepening trades just got a helping hand from the Reserve Bank of New Zealand.
Kenya’s government is considering separating the nation’s biggest listed company — Safaricom Plc — into three units.
Temasek Holdings Pte is mulling one of its biggest overhauls in years, potentially reorganizing the firm into three investment vehicles in a bid to boost returns and efficiencies, according to people familiar with the matter.
Mark Andersen, global asset allocation co-head at UBS Wealth Management, discusses the outlook for tech earnings, stocks and the prospect of lower US interest rates. “We lean to the bullish side on AI,” Andersen tells Bloomberg Television. A sharp selloff in heavyweight tech shares dragged markets lower on Tuesday.
European stocks fell as a sharp selloff in technology heavyweights in the US weighed on market sentiment.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal. Elsewhere, Shares of Chinese toy maker Pop Mart International Group Ltd. rose the most in nearly four months on Wednesday, after Chief Executive Officer Wang Ning said the company could easily surpass its annual sales projection and announced plans to launch a new mini Labubu doll. Today's guest: Sonali Punhani, Bank of America UK Economist (Source: Bloomberg)
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Turkish Airlines is acquiring a minority stake in Spanish operator Air Europa involving an investment of €300 million ($349 million), showcasing the carrier’s plans for growth.
SBB, the firm at the center of Sweden’s property crisis two years ago, reported better-than-expected rental income in the second quarter thanks to growth in its residential segment.
UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of interest-rate cuts. The pickup was driven by air fares, hotels and motor fuel. Melanie Baker, economist at Royal London Asset Management, reacts to the CPI print on Bloomberg Television. (Source: Bloomberg)
SQM, one of the world’s top lithium producers, posted a slump in core earnings for the second quarter, when prices for the battery material crashed to multi-year lows.
Xpeng Vice Chairman and President Brian Gu says the EV maker is confident that it can meet its target of breaking even by the end of the year. He speaks with David Ingles and Yvonne Man on "Bloomberg: The China Show" after the company reported a narrower net loss in the second quarter. (Source: Bloomberg)
Consumer prices were 3.8% higher in July than the same month last year, as annual inflation rose to an 18-month high in the U.K.
BoE is seeking reassurance that recent resurgence in price growth is temporary
As an International Monetary Fund mission arrives in Senegal this week, investors are watching to see whether the West African nation will inch closer to securing new funding needed to stabilize its strained public finances. Ondiro Oganga reports. (Source: Bloomberg)
After meeting separately with President Trump, Russian President Vladimir Putin and his Ukrainian counterpart, Voldymyr Zelenskiy could be headed toward a pivotal face-to-face summit. President Trump is urging both leaders to show some "flexibility". Julia Roknifard, Senior Lecturer at the School of Law & Governance at Taylor's University Malaysia told Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa on the push for Trump to get a deal not just in Ukraine but also in Gaza. (Source: Bloomberg)
Bunge Global SA diverted a cargo of Argentine soybean meal bound for China to Southeast Asia due to concerns it might fail to meet Chinese quality specifications, people with knowledge of the matter said.
Overseas investors in Japanese ultra-long-term government bonds extended their purchasing spree to a seventh straight month and lured by high interest rates, their aggregate buying struck a new peak in the January-July period.
Abu Dhabi’s main renewables company has diverted billions of dollars of investment intended for green hydrogen toward powering the emirate’s AI push, reflecting how a lack of buyers for a fuel once seen as key for the energy transition is forcing firms to reassess plans.
Billionaire Ken Griffin’s Citadel Securities has hired an options trader in India this week and plans to add more staff to bolster its operations in the South Asian nation, according to people familiar with the matter.
The Fed chair may have the high ground, but so did Custer.
Good morning. European officials are said to be planning to send British and French troops to Ukraine. Stocks are set for a rough day after a tech rout on Wall Street. And we take a look at how hotter summers threaten tourism in Europe. Listen to the day’s top stories.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Indian Prime Minister Narendra Modi welcomed improved ties with China as US Treasury Secretary Scott Bessent escalated criticism of the South Asian nation over its purchases of Russian oil. Pushan Dutt, Professor of Economics and Political Science at INSEAD, discusses the reshaping of those geopolitical relations and what could be next. (Source: Bloomberg)
We must find a way to speak in a common language again, a language that has a name for everything, even for a person holding a photograph of a dead child.
Thailand’s central bank would need to see a “significant material deterioration” in its economic growth outlook, or face unexpected shocks, to justify additional rate cuts beyond the three reductions it has made this year, a top official said.
Laopu Gold Co.’s revenue and profit growth topped estimates in the first half as the Chinese jeweler’s pieces, which blend traditional craftsmanship with rich cultural motifs, soar in popularity among middle class Chinese shoppers.
Also, Paris adapts for extreme heat.
The US Food and Drug Administration has advised the public not to eat a brand of shrimp sold at Walmart Inc. over concerns about radioactive contamination.
India’s state-run refiners have returned to buying Russian oil after a brief pause, despite the South Asian nation facing higher tariffs for the trade and a volley of criticism from Trump officials.
Leichenspürhunde sind bei vielen Situationen unersetzlich. Doch sie müssen trainiert werden. Genau deshalb forscht der Darmstädter Pharmakonzern Merck an synthetischem Leichengeruch. (Source: Bloomberg)
The group Investors for Paris Compliance has accused Cenovus and Enbridge of overstating their efforts to reach net zero.
With pro-democracy movements long squashed, the government is targeting any hint of subtler expressions of discontent. Even establishment figures say it may be too much.
The far-right influencer has no official role in the administration, but many find her impact baffling
Changes to taxation are at the heart of the centre-right’s attempts to retake power in Norway
Swapping outdated levies for an annual proportional property tax looks sensible
Combination of record government debt and rising borrowing costs puts central banks under pressure
Caution should continue to be the watchword in Jackson Hole until the impact of Trump’s policies are better understood
Treasury secretary’s discussions with crypto groups have helped inform issuance decisions
China’s “bedside eavesdroppers,” the online posse parsing rumors for power shifts, have a lot to work with as Xi Jinping pushes aside his own political appointees.
Networks of brokers and shipowners from Panama to Switzerland are becoming expert at circumventing international sanctions
The governments of Kenya and Japan agreed on the terms of a yen loan after earlier plans for a Samurai bond were shelved.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
The documents were released as part of a defamation case against Fox Corporation filed by Smartmatic, an election technology company.
Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls. Bloomberg's China Correspondent Minmin Low breaks down how successful the brand has been. (Source: Bloomberg)
A spike in Hong Kong dollar volatility due to higher borrowing costs may prove to be short-lived, according to option pricing.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
The hastily drafted trade accords leave questions about who promised what.
Flush with cash after an unprecedented legal victory over Qantas Airways Ltd., union boss Michael Kaine is warning other big businesses: Break Australia’s employment laws at your peril.
Iron ore fell for a sixth day on signs that Chinese efforts to cut production in a major steelmaking hub are having less impact than anticipated.
China’s flows of rare-earth magnets to the US continued to recover in July — with volumes rising 76% month-on-month — after Beijing agreed to normalize exports as part of its trade truce with Washington.
The chief executive officers of the world’s two biggest mining companies met President Donald Trump to discuss a copper project that could supply the US with a quarter of its demand for decades to come.
The Chinese government is set to launch a sweeping overhaul of its petrochemicals and oil refining sector, phasing out smaller facilities and targeting outdated operations for upgrades, while redirecting investment to advanced materials.
The Reserve Bank of New Zealand delivered another interest-rate cut Wednesday, extending an aggressive cycle that began midway through last year as the economy struggles to gain momentum.
A record-breaking run in global stocks has lost momentum as a sharp selloff in heavyweight technology shares rippled through markets. HSBC Head of Asia Pacific Equity Strategy Herald der Linde weight if a possible Fed interest cut could spur markets to eventually pick up steam again. (Source: Bloomberg)
Chinese equities’ rally is spreading out, with signs of further upside continuing to emerge.
The selloff in Chinese bonds that sent them to near the bottom of Asia’s performance rankings is likely to cool for now as yields rise to near levels which some investors may perceive as attractive, analysts say.
Apollo Global Management Inc. plans to double its assets under management in India to $4 billion over the next three years, as it looks to capitalize on the booming private credit market — an opening also attracting other global giants.
Barrenjoey’s profit surged as bond market volatility and its new Abu Dhabi office boosted performance at the Australian investment bank.
The remark, made as the president has ordered a wide-ranging review of museum exhibits, added to his pattern of minimizing Black history.
Australia’s central bank is facing an estimated A$1.2 billion ($774 million) overhaul of its 22-story Sydney head office — almost five times the original estimate — after the discovery of widespread asbestos turned a simple refurbishment into a near total rebuild.
President Trump seeks to broker a meeting of the two leaders to end Europe’s most destructive war in generations.
The billionaire has sought to maintain ties with Vice President JD Vance, a potential heir to Donald Trump’s MAGA political movement.
The company created a line of products for legal cannabis growers, a bet that for a time looked like genius.
Democrats hoping to retake the Senate in the midterm elections next year are targeting the seat of Senator Collins, a Maine Republican who is seen as a moderate.
Gold held a small decline ahead of a key address by Federal Reserve Chair Jerome Powell later this week, which may give fresh clues on the central bank’s monetary path.
James Hardie Industries Plc shares tumbled the most in five years after the Australian building materials maker said its quarterly profit sank.
Indian Prime Minister Narendra Modi welcomed improved ties with China as US Treasury Secretary Scott Bessent escalated criticism of the South Asian nation over its purchases of Russian oil.
Japan’s exports fell for a third consecutive month in July amid fears over the impact of higher U.S. tariffs.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, William Taylor, former US Ambassador to Ukraine, & Former US Ambassador to NATO, Kurt Volker, voice their thoughts on what security guarantees the US can give Ukraine. Adam Posen, President of the Peterson Institute for International Economics, discusses the global impacts of President Trump widening the metal tariffs to target additional consumer products. (Source: Bloomberg)
Hong Kong Exchanges and Clearing Ltd. is estimated to post a record profit for the second straight quarter, buoyed by an initial public offering and trading boom.
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 BNY Wealth’s Sinead Colton Grant, Abaxx Technologies’s Josh Crumb, CITI’s Steven Zaccone, Federal National Mortgage Association’s Franklin Raines, 22V Research Group’s Jeff Jacobson, Wells Fargo’s Darrell Cronk, Wedbush Securities’ Dan Ives, Schwab Asset Management’s Omar Aguilar, Zillow’s Orphe Divounguy, Kearney Consumer Institute’s Katie Thomas, SW Retail Advisors’ Stacey Widlitz. (Source: Bloomberg)
Oil steadied after a report signaled a decline in US stockpiles, while investors weighed the outlook for Ukraine-Russia truce talks.
BHP CEO Mike Henry says he sees growth opportunities in copper and potash. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Orphe Divounguy, Zillow Senior Economist, says affordability remains a challenge even as buyers gain more leverage amid a weaker labor market. He tells Romaine Bostick and Scarlet Fu on “The Close” that home prices are easing and inventory is building. (Source: Bloomberg)
Omar Aguilar, CEO & CIO of Schwab Asset Management, says the firm urges clients to focus on the “direction of travel” and long-term trends. He tells Romaine Bostick and Scarlet Fu on “The Close” that rates are likely to move lower between now and mid 2026. (Source: Bloomberg)
Diplomats scrambled to come up with detailed proposals for security guarantees and other sticking points following two high-level summits in Alaska and Washington.
SoftBank Group Corp. shares look to have limited upside after the rally this month that added more than ¥7 trillion ($47 billion) to an all-time high Monday.
Solar and wind projects are betting on a novel insurance product to help offset losses from erratic weather.
Jeff Jacobson, Head of Derivative Strategy at 22V Research, says investor demand for downside protection may reflect fears of “another event” rather than a typical pullback. He tells Romaine Bostick and Scarlet Fu on “The Close” that traders should accept expensive tail hedges and instead focus on put spreads to profit from normal pullbacks. (Source: Bloomberg)
Jess Phillips targets handset manufacturers after introduction of age verification rules to access adult websites
Hello, Rich Henderson here in Bloomberg’s Melbourne bureau with the latest headlines...Today’s must-reads:• CSL shares slump• BHP profits fall• Consumer sentiment improves
Idea of imposing a so-called mansion tax is being considered as part of Treasury overhaul of property levies
Most of the tourists have left Ocracoke Island, and the surfers are watching closely as deadly rip currents lurk below the waves.
A fight between two students at Maryvale High School in Phoenix on Tuesday left one fatally stabbed and the other with non-life-threatening injuries, the agency said.
Asian stocks are poised for a sluggish start after a selloff in big tech dragged Wall Street lower.
Former Gov. Andrew M. Cuomo, who trails in the polls for New York City mayor, is said to have told a crowd of wealthy donors that he believed President Trump would help line up support behind him.
Adam Posen, President of the Peterson Institute for International Economics, discusses the global impacts President Trump's tariffs will have on the economy as the President widens the metal tariffs to target additional consumer products. Posen also talks about the potential consequences that may result from the Trump Administration's policies. Adam Posen speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
It was the second time that Mr. Abrego Garcia’s lawyers have sought to hold the Trump administration accountable over its handling of his expulsion to El Salvador and its aftermath.
President Trump says President Vladimir V. Putin of Russia has agreed to meet with President Volodymyr Zelensky of Ukraine, but Mr. Putin has not confirmed.
US leisure and business travelers beaten down by economic uncertainty are waiting until the last minute to book air travel. Many trips are being booked less than two weeks ahead of time — instead of the more typical one month or more. That is making it tough for airlines to forecast the capacity they need, putting revenue and profits at risk if carriers misjudge demand. US airlines have had a tough year already with Donald Trump's trade war eroding consumer optimism and cutting into travel demand. Flying has bounced back since June, but the lingering trend of late booking is undermining carriers’ ability to cash in on the busy upcoming holiday travel period. Bloomberg News US Airlines Reporter Mary Schlangenstein joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
Block Inc. reported better-than-expected second quarter earnings, including a surprising profit jump, and also raised its full-year forecast. The company also added more Bitcoin to its corporate treasury in the second quarter, and believes the cryptocurrency is the 'open source' platform of the future. The platform is also seeing significant growth thanks to its Square and Cash App ecosystems. Block Inc. CFO Amrita Ahuja joins Bloomberg Businessweek Daily alongside Bloomberg News Senior Editor Nina Trentmann to discuss consumer trends, cryptocurrencies, and more. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Emily Graffeo. (Source: Bloomberg)
Mr. Bibas, his wife and their two small children were abducted and taken to Gaza. Only he survived.
On today’s Big Take Asia podcast, how a rebel army in Myanmar became a major player in the global rare-earth supply chain.
Unions are trying to block reforms before they’re announced.
Voters say they’ve had enough of the hard-left MAS party.
William Taylor, former US Ambassador to Ukraine, voices his thoughts on what security guarantees the US can give Ukraine to help the country against Russian President Vladimir Putin and whether or not Ukraine may cede territory as part of a peace deal. He speaks with Tyler Kendall and Michael Shepard on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Also, hundreds more troops are headed to Washington. Here’s the latest at the end of Tuesday.
Good morning. European leaders capitalize on Trump’s backing of a potential Russia-Ukraine peace deal. Some traders are bracing for a selloff in big tech. And Labubus cement their must-have status. Listen to the day’s top stories.
Omar Aguilar, Schwab Asset Management CEO and CIO, says he expects the Federal Reserve to cut interest rates by 50 basis points by the end of the year on "Bloomberg The Close." (Source: Bloomberg)
The Kremlin is keeping its options open, but analysts said the Russian leader would probably only meet with his Ukrainian counterpart to accept a capitulation.
On today’s Big Take podcast: The demands and red lines for Presidents Putin and Zelenskiy as they seek to end the Russia-Ukraine war.
Also, Paris prepares for extreme heat.
SoftBank plans to put $2 billion into Intel as the US government weighs taking a 10% stake in the company without seeking a governance role. Bloomberg’s Peter Elstrom discusses the details with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Bloomberg Intelligence’s Kunjan Sobhani says the government taking a stake in Intel would not be a good outcome for shareholders. He discusses the possible deal with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Some of the left’s most generously funded foundations support public broadcasters.
A state representative in Connecticut had posted on Instagram about immigration enforcement efforts in his district but did not give detailed information.
The huge financing needs for developing artificial intelligence are attracting private credit firms, including some that competed for months to give Meta $29 billion in funding for its data center expansion. Bloomberg’s Laura Benitez discusses the situation with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
One filmmaker’s playbook for helping people get clemency.
If the US takes a stake in Intel, it will likely influence the chipmaker’s decisions, even if it doesn’t take a governance position at the company, according to Gil Luria, head of tech research at D.A. Davidson. He speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Dan Ives, Wedbush Securities global head of technology research, says tech stocks are going through a "bump in the road." Speaking on "Bloomberg The Close," Ives also discusses the outlook for Intel. (Source: Bloomberg)
Apple is expanding production in India for US-bound models and opening a manufacturing academy in Detroit to help small businesses learn about AI development. Lopez Research founder and Principal Analyst Maribel Lopez joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
A record number of CEOs left their roles in 2024. Matthew Boyle explains how the cost of a shakeup can quickly add up. (Source: Bloomberg)
A weaker yen and the sway of social media influencers turned Japan into one of the hottest vacation destinations for Americans and Europeans. For residents, the surge in high-spending, itinerary-hungry visitors has opened up a new income stream: Experiential tours.
Bloomberg’s Caroline Hyde discusses potential plans by the US government to take a stake of about 10% in Intel as SoftBank buys into the chipmaker. Plus Palo Alto Networks CEO Nikesh Arora discusses the company’s growth plans. And Apple expands iPhone production in India. (Source: Bloomberg)
Levi Strauss & Co. hired a Victoria’s Secret & Co. executive to oversee the jeans-maker’s global supply chain, a newly created role for the San Francisco-based company.
Luxury builder Toll Brothers Inc. missed analysts’ estimates for quarterly orders as affordability challenges and economic uncertainty held back buyers.
Trump doesn’t feel any gut need to bring Ukraine into the West or understand that Putin’s invasion of that country was just his latest march to break up the West.
However, President Trump rules out putting U.S. troops on the ground if a deal is reached with Moscow to halt the war.
Uruguay’s central bank extended its easing cycle by lowering the key interest rate a quarter point following two months of inflation near its target.
Franklin Raines, former chair and CEO of Federal National Mortgage Association, discusses the future of Fannie Mae and Freddie Mac on “Bloomberg The Close.”
The release of a man who had been serving a five-year sentence for assault is the second time the jail has released someone prematurely this year.
Home Depot rallies, helping the Dow stay positive on the day.
Traders are piling into one specific options wager that relies on a dovish Federal Reserve slashing interest rates by over a quarter-point next month.
It makes no sense for the U.S. to be educating the scientific and leadership class of a future adversary.
Artificial intelligence is the latest justification for supporting the bad idea of ‘universal basic income.’
Banks and direct lenders are in discussions to refinance the debt of Gridiron Capital-backed Leaf Home as private equity firms hold onto assets for longer.
A larger-than-expected September rate cut and broad reforms would make America prosperous again.
The move is the latest effort by the Trump administration to shift the public’s attention to the 2016 election.
On today's episode of Bloomberg Businessweek Daily, Tim Stenovec and Emily Graffeo discuss Ukraine President Volodymyr Zelenskiy and Russia President Vladimir Putin preparing to hold a face to face summit despite logistics still being in flux. On today's show Jennifer Dlouhy discusses whats next for the two leaders as they prepare to meet, Mike McKee breaks down his conversation with Fed Governor Michelle Bowman, and Metro Transit Authority Chief Financial Officer Jai Patel on planned expansion of the 2nd Avenue subway. Also on the show, NANO Nuclear Energy Chief Executive Officer James Walker talks next-gen nuclear power, and Norah Mulinda has stocks on the move. (Source: Bloomberg)
Federal Reserve Governor Michelle Bowman says banks and regulators must embrace the benefits of new technologies such as artificial intelligence and crypto or risk diminishing their role in the economy. She speaks at the Wyoming Blockchain Symposium.
Swissquote Senior Analyst Ipek Ozkardeskaya says the US government doesn’t have the same goals as private companies — and that creates some risks for Intel if the government takes a 10% stake. Ozkardeskaya speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
Federal prosecutors dropped charges against Mayor Eric Adams of New York so that he could help with deportations. But the administration and the city have been jousting in court.
Chevron Corp. plans to merge Hess Corp.’s exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth in an interview on Bloomberg TV’s Wall Street Week.
Warning from OpenAI’s Sam Altman and MIT paper puncture Wall Street’s enthusiasm
President Donald Trump urged Russia's Vladimir Putin and Volodymyr Zelenskiy to show some "flexibility" as he accelerates his efforts to end the war in Ukraine. Trump is pushing both leaders to hold a bilateral summit. But we don't know when or where that would take place. Bloomberg's Jennifer Dlouhy is following it all from the White House. (Source: Bloomberg)
The eurozone outlook may depend on an earnings rebound driven by ECB rate cuts and German fiscal stimulus. In this episode of the Inside Active podcast, host David Cohne, Bloomberg Intelligence’s mutual fund and active management analyst, and co-host Laurent Douillet, senior equity strategist at BI, spoke with Nathaniel Velarde, a partner of Chautauqua Capital Management and portfolio manager for the Baird Chautauqua International Growth Fund (CCWIX). Velarde outlines their long-term, high-convi
U.S. funding for the body provides leverage for reform but no less important will be sustained pressure from the leaders of donor states.
Nicole Collier, a state representative, slept in the Capitol rather than agree to police surveillance imposed by Republicans after a Democratic walkout. “I am resisting,” she said.
President Trump has personally stipulated that hefty financial penalties be part of agreements his administration is negotiating with the elite universities. Critics call it extortion.
Mexico will propose reinstating a North American steel committee to improve trade ties with the US and reduce reliance on Asian steel imports, according to a top trade official.
Kraken CEO Arjun Sethi believes that a lot of crypto companies are overvalued and that any company that gets into a category of a meme tend to be overvalued as well. He explains more on 'Bloomberg Crypto.' (Source: Bloomberg)
MTA CFO Jai Patel discusses the nearly $2 billion investment into expanding the 2nd Avenue line of the New York City subway and breaks down the financial reality of running one of the largest subway systems in the world, including the potential cost of mayoral candidate Zohran Mamdani's plan to make buses free. (Source: Bloomberg)
The instruction amounts to a declaration that the understaffed U.S. attorney’s office will seek to ramp up criminal charges arising from the president’s takeover of law enforcement in the capital.
A recent report from JPMorgan says that tokenization is bearish and that demand in wall street on tokenized assets hasn't taken off. However, Securitize CEO & Co-Founder Carlos Domingo believes that tokenization is 'unavoidable.' He explains more with Tim Stenovec on 'Bloomberg Crypto.' (Source: Bloomberg)
The leaders of Germany, France, Britain and other supporters of Ukraine have come together in exceptional ways to help sway the U.S. president.
Kyiv will have to make concessions to Russia, but it will also need security guarantees.
Anne Neuberger, former deputy National Security Advisor for Cyber and Emerging Technology in the Biden administration, breaks down the Trump administration's interest in buying a 10% stake in US chip company Intel and discusses why AI is crucial to the cybersecurity race against China. (Source: Bloomberg)
Commerce secretary Howard Lutnick ‘ironing out the details’ of a deal, according to Trump’s spokesperson
With villages swept away and Pakistan’s largest city assailed by monsoon floods, climate change has brought a catastrophic new normal to the country.
The number of troops in the city is expected to grow. But Army officials appear to be trying to keep them on the sidelines of President Trump’s mission.
Supporters of the campaign say that the popular Mercator projection promotes a false view of the continent and its size.
Inspired by the TV serial killer, Jacob Power wrote out detailed murder plans and dug graves. Still, prosecutors could not charge him with attempted murder.
After he was paralyzed in an accident, his use of marijuana for medical purposes led him to become one of the nation’s most influential cannabis activists.
On the early edition of Balance of Power, Bloomberg Washington Correspondent Tyler Kendall and Senior Editor Michael Shepard discuss next steps in the peace process between Russia and Ukraine. On today's show, former United Kingdom Ambassador to the United States Peter Westmacott, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino, BGR Group International Practice Partner Lester Munson and former Deputy National Security Advisor for Cyber and Emerging Technology in the Biden Administration Anne Neuberger. (Source: Bloomberg)
On this episode of Elon, Inc., Kirsten Grind of the New York Times discusses how the tech industry was sometimes fueled by certain substances.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Franklin Templeton CEO Jennifer Johnson, Bloomberg's Jaewon Kang and Michael McKee. (Source: Bloomberg)
The Rapper Bot network knocked out Elon Musk’s X social-media site earlier this year, cybersecurity researchers say.
Treasuries broke a three-day slide as traders stuck with wagers on interest rate cuts as soon as next month ahead of a speech from Federal Reserve Chair Jerome Powell.
Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening. Bloomberg's Jaewon Kang has more on the story. (Source: Bloomberg)
The instruction amounts to a declaration that the understaffed U.S. attorney’s office will seek to ramp up criminal charges arising from the president’s takeover of law enforcement in the capital.
Zelenskyy’s anxiety over territorial concessions increases in the face of Putin’s maximalist demands
US Federal Reserve Governor Michelle Bowman said she’s keeping her focus on the regulatory portfolio she has now, including plans to overhaul big-bank capital rules and to stamp out so-called debanking. “I have a big agenda. We’re moving through it quickly,” the Fed’s top bank watchdog said during an interview on Bloomberg Television. “Obviously we need to get the capital proposals completed in the near future.” Bowman deflected when asked if she would be interested in leading the Fed as chair, rather than her current role of vice chair for supervision. Bowman is said to be under consideration for the top post by President Donald Trump. Bloomberg News International Economics & Policy Correspondent Mike McKee joins Bloomberg Businessweek Daily to discuss Bowman's comments, and preview the Federal Reserve's Jackson Hole conference. (Source: Bloomberg)
President Trump has cast himself as a global peacemaker. His interventions have calmed some conflicts, while in others his role is less clear.
As the text of a trade agreement comes together, European Union negotiators haven’t convinced the Americans to cut alcohol tariffs to zero.
These five people are among those leading the president’s efforts to put his stamp on national cultural institutions, buildings and policies.
At $500 billion, OpenAI would become the world’s most valuable privately held company.
Kraken CEO Arjun Sethi discusses the future of the crypto ecosystem, whether Kraken will go public and the buy and hold strategy of bitcoin owners. He speaks with Tim Stenovec on ‘Bloomberg Crypto.’ (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Intel shares reach the highest in five months as President Trump weighs a 10% government stake in the company to build the chipmaker’s manufacturing prowess. Ahead of the Fed’s gathering in Jackson Hole this Friday, Fed Governor Michelle Bowman joins Open Interest to discuss plans in her role as vice chair for supervision. Palo Alto Networks won praises from Wall Street after posting strong results, its CEO tells Open Interest that AI cybersecurity products are crucial to protecting companies against the prevalence of AI cyberattacks. (Source: Bloomberg)
Former UK Ambassador to the US Peter Westmacott said Trump's promises of security guarantees for Ukraine provide a credible alternative to enlarging NATO, something that Russia opposes. Donald Trump urged Russia’s Vladimir Putin and Ukraine’s Volodymyr Zelenskiy to show some “flexibility” as the US president accelerates his efforts to end the war in Ukraine and encourages the two leaders to hold a bilateral summit. “I hope President Putin is going to be good, and if he’s not, it’s going to be a rough situation,” Trump said Tuesday in an interview on Fox News. “I hope that Zelenskiy, President Zelenskiy, will do what he has to do. He has to show some flexibility also.” (Source: Bloomberg)
President Trump cast his effort to broker peace in Ukraine in existential terms.
Federal Reserve chair is under bombardment from Trump and battling an insurgency within the central bank
Across 35 years and five films, Spike Lee and Denzel Washington redefined Black male filmmaking and cemented an indestructible personal bond.
Viking Therapeutics Inc.’s worst stock drop in nine years has handed traders betting against the company a gain big enough to turn their money-losing year into a profitable one.
The president is driving the tentacles of the federal government deep into the nation’s economy, culture and legal system.
Fed governors and SEC officials join executives at event ahead of central bankers’ annual gathering
After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock’s sudden rebound comes with a worrying side-effect: a valuation so high its most recent precedent is from the dot-com era more than two decades ago.
After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock’s sudden rebound comes with a worrying side effect: a valuation so high its most recent precedent is from the dot-com era more than two decades ago.
For a president who likes to make deals, investing in the chip company makes sense
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Kraken CO-CEO Arjun Sethi, Securitize CEO Carlos Domingo and Custodia Bank Founder and CEO Caitlin Long. (Source: Bloomberg)
Moscow is seeking victory, not compromise, through diplomacy — and Trump is playing along
US soybean farmers are near a “trade and financial precipice” and cannot survive a prolonged trade war with China.
Franklin Templeton CEO Jenny Johnson talks about the explosion in popularity of blockchain and digital assets. Johnson says this technology will be "hugely powerful and beneficial to the financial services industry because it will drive down costs." She speaks on "Bloomberg Markets" from the Wyoming Blockchain Symposium. (Source: Bloomberg)
Treasury Secretary Scott Bessent’s view that the Federal Reserve’s interest rate is more than a percentage point above levels indicated by models is wrong, Deutsche Bank interest-rate strategists said.
The hedge fund, which had also agitated at Norfolk Southern, is prepared to launch a proxy fight if needed.
When OpenAI released a new version of ChatGPT, people were quick to protest its colder responses. Acknowledging the emotional attachment with chatbots, the company quickly backtracked.
Local authority injunction ruling may lead to more councils seeking to shut down hotels that house migrants
Meta is expected to announce a new restructuring of its artificial intelligence division amid internal tensions over the technology, people with knowledge of the plans said.
The pace of inflation in Canada cooled last month, offering some hope the central bank will resume lowering interest rates to help revive a sluggish economy being held down by trade uncertainty.
Hi, it’s Bailey Lipschultz in New York, reporting on the return of one of the biggest names in the world of SPACs. Also today, Intel’s CEO draws support for a revival from Trump and SoftBank.
President Volodymyr Zelensky of Ukraine had a remarkably different White House visit on Monday than the ambush he walked into six months ago. Michael Schwirtz, the global intelligence correspondent for The New York Times, explains how President Zelensky courted President Trump and managed to put the ball back in Vladimir V. Putin’s court.
Port of Los Angeles Executive Director Gene Seroka says confusion over tariffs is driving up volume at the port. He says cargo from China is "really dropping." The port handled the highest container volume in its 117-year history last month. Seroka speaks on "Bloomberg Surveillance." (Source: Bloomberg)
An expanding Hurricane Erin is poised to bring rough surf and life-threatening waves to beaches from Florida from Massachusetts this week, despite spinning hundreds of miles off the US East Coast.
Collapsed fintech startup Linqto Inc. won court permission to try to sell valuable stakes in hard-to-acquire, private companies so it can fund its bankruptcy case.
Republican state lawmakers argue that Democratic lawmakers violated 30-day disclosure rules in the California Constitution.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Individual investors are likely to slow their torrid pace of stock buying in September before resuming later this year, according to Scott Rubner, Citadel Securities’ head of equity and equity derivatives strategy.
The D.E.A. announced “a major new initiative” with Mexico to fight cartels. President Claudia Sheinbaum of Mexico said that was news to her.
Cancer has long been seen as a disease of older adults, but new research shows a concerning trend: more young people are being diagnosed with cancer, especially colon cancer. In this conversation, David Rubenstein speaks with leading experts including Dr. Benjamin Ebert, Dana-Farber Cancer Institute President and CEO Dr. David Agus, Ellison Medical Institute Founding CEO and Dr. Elizabeth Jaffee, Johns Hopkins Kimmel Cancer Center Deputy Director, about the rise of cancer in younger adults and what can be done to prevent it. They speak on the latest episode of "Longevity with David Rubenstein." (Source: Bloomberg)
Cameroon is planning to issue a fresh eurobond as it prepares to raise 930 billion CFA francs ($1.7 billion) on the regional and the international capital markets.
Why do some people get lung cancer even if they’ve never smoked? In this conversation, David Rubenstein speaks with Dr. Benjamin L. Ebert, CEO and President of Dana-Farber Cancer Institute, about the surprising role of DNA mutations in cancer, the impact of genetic predisposition, and what advances in genome testing mean for early detection and prevention. (Source: Bloomberg)
To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.
Brian Nagel, Oppenheimer & Co. Senior Analyst, says Home Depot’s shares are driven by the market’s optimism that lower rates are in sight. He tells Open Interest that the company’s sales are largely driven by demand in the housing market when consumers purchase home improvement products. (Source: Bloomberg)
Vertiv CEO Gio Albertazzi tells Open Interest that the demand for data centers and AI processing facilities has been accelerating. (Source: Bloomberg)
Keir Starmer’s task is to deal with facts, not illusions, and restore public trust
The Swiss National Bank shouldn’t seek to soften the impact of steep US tariffs through monetary-policy channels, according to a group of economists.
Stada Arzneimittel AG’s private equity owners are resuming preparations for a listing of the German drugmaker after talks stalled on a potential sale to CapVest Partners, people with knowledge of the matter said.
South Korea will review an agreement with Westinghouse Electric Co. to resolve a nuclear power intellectual property dispute after local media reported the deal’s potentially unfavorable terms.
Bill Derrough’s move follows recent leadership changes at Moelis.
What is the purpose of a poem, an illustration or a nonsensical phrase in a score? If it makes musicians stop and think, that’s a good start.
Palo Alto Networks CEO Nikesh Arora joins Open Interest to discuss the company's strong results. He says the volume and speed of GenAI cyberattacks can only be combatted by AI-powered cybersecurity products. (Source: Bloomberg)
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Pritzker Private Capital, the investment firm started by billionaire Illinois Governor JB Pritzker and his brother, Tony, raised a record $3.4 billion for its fourth fund.
Mining in Kiruna, Sweden, has jeopardized the ground below a beloved church. Thanks to a feat of engineering, it is on the move.
Home Depot said tariffs will soon start hitting some price tags even as consumers continue to hold off on larger projects because of higher interest rates and economic uncertainty.
Livia Paggi, Managing Director at JS Held Strategy and Risk Advisory, discusses the next possible steps following talks at the White House with Ukraine's Zelenskiy and European allies. She speaks to Bloomberg's Guy Johnson and Anna Edwards on 'The Opening Trade.' (Source: Bloomberg)
Chinese toy company’s better than expected results may allay analyst concern over sustainability of its sales surge
The remarks were a considerable shift for France’s president, Emmanuel Macron, who called Moscow a potential threat for many European countries.
Money managers are scaling back their bearish stance on China, adding technology and consumer stocks to their portfolios amid a four-month-long rally, according to an HSBC Holdings Plc survey.
US public retirement funds will outperform typical investment expectations as they profit from strong stock returns, S&P Global Ratings said in a recent report.
Latvia’s flagship carrier is starting to show signs of a recovery after a bruising year
US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation.
Keen Footwear has limited its exposure to supply chain trouble and opened a plant in Kentucky. But the trade upheaval has strained its adaptive strategy.
A new technology promises safer and easier logins to websites and apps. But using them raises a lot of questions.
After seven decades in the South, a former POW has a final wish: to spend his twilight inside a Kim regime he never stopped fighting for.
A small, preliminary study found that marathoners were much more likely to have precancerous growths. Experts aren’t sure why.
Wyoming launched its long-promised stablecoin, designed to offer instant transactions and reduced fees for consumers and businesses, in the latest effort by the Cowboy State to attract digital asset businesses.
Zelenskyy and allies contain White House’s tilt towards Moscow for now
Federal Reserve Governor Michelle Bowman expresses her concerns about debanking and discusses the proposals for bank capital requirements with Mike McKee on “Bloomberg Open Interest.”
Major US producers of electrical wire are raising prices just weeks after a surprise decision by President Donald Trump to exempt the most basic copper imports from tariffs, suggesting that American consumers may end up paying more even after metal prices plunged.
The remarks were a considerable shift in sentiment between President Vladimir V. Putin of Russia and France’s president, Emmanuel Macron, who called Moscow a potential threat for many European countries.
Federal Reserve Governor Michelle Bowman expresses her concerns about debanking during an interview with Mike McKee on "Bloomberg Open Interest." (Source: Bloomberg)
CoreX Holding BV agreed to buy mining giant BHP Group Ltd’s Carajas copper mines in Brazil for as much as $465 million, the biggest deal yet in Turkish billionaire Robert Yuksel Yildirim’s push to build a metals supply chain independent of China.
The Trump administration is in discussions to take a stake of about 10% in Intel, a move that could see the US become the beleaguered chipmaker’s largest shareholder. Josh Wingrove explains (Source: Bloomberg)
Federal Reserve Chair Jerome Powell is in a tough spot heading into his Jackson Hole speech this Friday, says Robert Sockin, Citi director and global economist. Sockin says the impact of higher tariffs on inflation has Powell worried and recent labor market data means the Fed could cut rates as soon as September. Sockin is on "Bloomberg Surveillance." (Source: Bloomberg)
The Kremlin’s goal is to destabilize Europe, and attacks on infrastructure are a preferred weapon, a new report said.
J.Crew Group CEO Libby Wadle talks about her plans for the company with Bloomberg Businessweek. (Source: Bloomberg)
The I.R.S. says churches can now support candidates during services, but many denominations still forbid it. A Wisconsin pastor learned the hard way.
The world’s major financial lobbying groups called on regulators to pause the upcoming implementation of tough new standards governing banks’ cryptocurrency dealings and revisit measures they argue are needlessly onerous.
Oman’s stock market has staged a comeback in recent months, raising investor expectations for the Gulf state’s privatization program after a string of underwhelming debuts.
More than 400 consumer items are now covered by President Donald Trump's steel and aluminum tariffs. The extended inclusion list now covers goods such as motorcycles, baby gear, auto parts and chemicals. The changes went into effect Monday and did not exclude goods already in transit to the US. Bloomberg's Joe Deaux reports on "Bloomberg Open Interest." (Source: Bloomberg)
US equities fell at the open Tuesday as earnings from Home Depot Inc. kicked off a string of key retail reports and as investors awaited a Federal Reserve symposium this week to set expectations for the path of interest rates.
Housing rights experts say a community restricted to white residents is illegal, but the creators believe they could win a potential challenge in court in the current political climate.
New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.
Shares in the chip maker rose about 5% premarket following news of SoftBank’s planned investment and a possible stake for the U.S. government.
The deal the militant group said it accepted was nearly the same as one that had been offered by Israel last month.
Priya Misra, portfolio manager at JPMorgan, says the bond market is not looking at a scenario of a bear steepener as she sees the curve steepening “for different reasons now.”
The strike, which ended on Tuesday, focused attention on why many airlines don’t start paying flight attendants until the plane doors are shut.
Armenia and Azerbaijan signed a 17-point declaration on August 8 with US President Donald Trump aimed at ending decades of conflict between the two neighbors over the region of Nagorno-Karabakh, a largely Armenian-populated territory within Azerbaijan. Armenia and Azerbaijan fought wars that killed more than 30,000 people in the early 1990s and at least 6,000 during a 44-day conflict in 2020. In September 2023, Azerbaijan gained full control of Nagorno-Karabakh in a lightning military operation, forcing more than 100,000 ethnic Armenians to flee to Armenia. (Source: Bloomberg)
The same U.S. attorney’s office that praised a drop in crime in the capital in April has begun an investigation into the Police Department resisting President Trump’s takeover.
Morgan Stanley had an unusual message when it approached four of the world’s biggest asset managers in July: they had progressed to the final round of one of the most sought-after private credit deals to date. But if they wanted to get to the finish line, they would need to pair up.
Tullow Oil Plc is in talks with its bondholders about refinancing a nearly $1.3 billion bond due next year, as the imminent maturity adds to pressure on the Africa-focused oil explorer.
After hastily arranged meetings with President Trump produced little tangible progress toward peace, Ukraine’s allies focused on security guarantees to keep Russia from invading again.
And while we’re at it, let’s think about the phrase “land swap.”
When Circle Internet Group Inc. went public this summer, it marked a milestone: stablecoins — once a niche crypto utility — were stepping into the financial mainstream and USDC, its dollar-pegged token, cemented itself as a cornerstone of digital-asset infrastructure.
Charge is the latest blow for prime minister dogged by corruption scandals against his close family and aides
Housing starts in the US increased 5.2% last month to an annualized rate of 1.43 million homes, a five-month high, led by a further pickup in the construction of multifamily projects. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Home-building increased last month, contrasting with expectations that it would fall amid a fragile housing market.
Iran ordered public offices closed across half the country this weekend to ease energy demand driven by intense heat, state media report.
Nexstar Media Group has already been in talks to buy Tegna.
US president warns Putin will face ‘rough situation’ if he does not co-operate on a peace deal on Ukraine
The decision to cancel the agreement to buy Anglo American’s steelmaking coal operations comes nearly five months after a fire at one of the British company’s mines.
High temperatures across much of Japan are set to last for another month, according to the national weather forecaster, with the persistent heat potentially keeping power demand elevated.
Stock prices fall as Trump vows to involve Zelenskyy in peace discussions with Putin and Kyiv vows to buy US weapons
Home Depot said tariffs may soon start hitting some price tags even as consumers continue to hold off on larger projects because of higher interest rates and economic uncertainty.
Russia seems unlikely to agree to Western troops in Ukraine as part of any deal to end the war.
President Trump has latched on to concerns about crime, as liberals point to its decline. The politics often flip when it comes to mass shootings.
The hip-hop, punk and nu-metal tracks on Tony Hawk’s Pro Skater 2 helped imprint memories like nosegrinding a helicopter.
The doll maker’s sales have soared as young people grappling with economic uncertainty find joy in affordable pleasures.
The sixth Legend of Zelda entry took narrative storytelling in video games to new heights by packing side quests with emotional depth.
Evercore Inc. has hired Lars Ingemarsson, head of Nordic investment banking at Citigroup Inc., to lead its expansion in the region, people familiar with the matter said.
The cable TV network’s new name, MS NOW, became the subject of mockery soon after it was announced on Monday.
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email.
The leaders dropped everything to travel to Washington to ensure President Trump didn’t force a bad deal on Ukraine. A road map for peace remains elusive.
Withdrawal triggered by ongoing closure of major mine in Australia deals blow to Anglo’s restructuring drive
There is no viable alternative to a tropical hardwood that grows in Southeast Asia, according to the American R.V. industry.
American demand for tropical wood that is used in motor homes, conservationists say, is accelerating the disappearance of some of the world’s largest forests.
Ukrainian analysts watching their president’s return to the White House were braced for a “nightmare.” They took cautious encouragement from what they saw instead.
Kit Juckes, chief FX strategist at Societe Generale, discusses the factors he sees driving the global FX market and his outlook for euro-dollar.
US President Donald Trump called Vladimir Putin and urged the Russian leader to begin making plans for a summit with Volodymyr Zelenskiy, after meeting the Ukrainian president and European leaders at the White House on Monday. The proposal — which Trump pitched as a one-on-one summit between Ukraine and Russia’s leaders that would be followed by a trilateral gathering involving all three — represented the latest turn in the US president’s push to broker an end to a conflict that has lasted over three years. Dr. Angela Stent, Senior Fellow at the Brookings Institution, examines the chances for an armistice in the near-term. Dr. Stent speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily. (Source: Bloomberg)
Several beaches in New Jersey and Delaware were closed as the powerful storm churned in the Atlantic. Rip currents have been blamed for at least one death.
The leaders presented a relatively united front and appeared to agree on the next steps in the effort to halt the fighting between Ukraine and Russia. But much remained unresolved.
Arabica coffee futures advanced in New York to the highest level in two months on worries multiple bouts of cold weather and light frost could curb output in top grower Brazil.
Focusing on scale and productivity helps freight brokers offset weak demand and rates, protect margins and position for growth. In this Talking Transports podcast, Drew Wilkerson, chairman and CEO of RXO, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share how the company is navigating the current challenging freight environment and looking ahead for when the market eventually turns. Wilkerson provides insights into the benefits and integration of the
Enabling brands to activate their data in selling across multiple channels with a targeted message is Klaviyo’s mission. The company’s customer-relationship-management technology lets users scale up with a personalized approach to millions of consumers. In this Tech Disruptors podcast episode, Klaviyo Chief Product Officer Adil Wali sits down with Bloomberg Intelligence analyst Niraj Patel to discuss how the company is expanding customer reach across email, SMS, mobile and other communication ch
The company is planning “eGates” at major U.S. airports, using biometrics to match faces to IDs and boarding passes.
UK statistics agency says more time needed for ‘quality assurance’ work on figures
Volatility in benchmark Indian bonds jumped to a three-year high, as a plan to cut consumption taxes stoked concerns that the government may sell more debt to make up for any revenue shortfall.
Volodymyr Zelenskiy and his European allies turned on the charm during their White House visit to retain Trump's support for Ukraine. (Source: Bloomberg)
The ‘headline risk’ will persist in crude markets while the US pushes for an end to the Russia-Ukraine war.
TPG Inc. is helping to seed a new investment management firm called Vanara Capital that will invest in growth-stage technology companies, according to a statement reviewed by Bloomberg News.
Anchorage Capital Advisors has raised $1.5 billion for its latest fund that invests in stressed and distressed credit, special situations and structured credit, according to a person familiar with the matter.
Yields on Kenya’s short-term domestic debt securities have room to move lower after halving in the past year as the central bank continues its easing cycle, according to company executives.
Today’s newsletter looks at how rich Londoners are finding money can't buy air conditioning as temperatures soar in the UK capital. You can read and share the full version of this story on Bloomberg.com. For unlimited access to climate and energy news, please subscribe.
Good morning. Get ready for more talks, this time involving both Vladimir Putin and Volodymyr Zelenskiy. Labubu dolls defy consumer woes. And JPMorgan faces the wrath of an 85-year-old widow. Listen to the day’s top stories.
Anglo American Plc suffered a major setback to its restructuring plans after Peabody Energy Corp. decided to walk away from a $3.8 billion deal to buy its steelmaking coal business following a fire at an Australian mine.
Plus, the rise of rap on tour.
Glencore Plc head of recycling Kunal Sinha is stepping down after unwinding the firm’s unsuccessful investment partnership with battery metals recycler Li-Cycle Holdings Corp, according to people familiar with the matter.
Black Hills Corp. agreed to acquire another US power and natural gas utility, NorthWestern Energy Group Inc., for about $3.6 billion.
Home Depot Inc. said comparable sales grew 1% in the fiscal second quarter, less than analysts had expected, in a sign that consumers are staying away from big purchases amid high interest rates and inflation uncertainty. Drew Reading reports on Bloomberg Television.
Some members of Israel’s coalition have ruled out a proposed hostage deal with Hamas, but the prime minister has yet to state his position.
The medical-device maker also plans to form committees focused on M&A and other growth areas.
High-tech bedding company Eight Sleep has raised $100 million to expand into retail and the medical sector, in the hopes of expanding its customer base beyond tech executives.
The private credit arm of BC Partners Holdings Ltd has launched a new fund to succeed its $1.6 billion predecessor created through its partnership with Great Lakes to invest in middle-market deals, the firm said Tuesday.
In a stock market obsessed with artificial intelligence, Amazon.com Inc. is losing ground.
Thousands of flight attendants must still approve the agreement. The walkout, which began Saturday, has disrupted half a million travelers’ plans, the airline said.
Nvidia is developing an AI chip specifically for China which can outperform the H20 model, Reuters reports. Tom Mackenzie has more on Bloomberg Television.
US equity futures remain steady as signs of progress toward a peace settlement in Ukraine lifted sentiment. US and European officials started work on bolstering Ukraine's military as part of a package of security guarantees. The Trump administration is in discussions to take a stake of about 10% in Intel. Sam Lynton-Brown of BNP Paribas thinks US long bonds in the US could outperform swaps. Keith Lerner of Truist believes the key driver of the bull market has been earnings. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
Defense names were hurt after host of diplomatic maneuvers during Ukraine’s Volodymyr Zelensky’s visit to Washington.
European defense stocks tumbled on Tuesday as Donald Trump’s renewed push for peace in Ukraine and an agreement by Hamas to a truce deal in Gaza put the brakes on their powerful rally.
Despite international calls for Trump to take a harder stance on Russia, the US president retains his 'respect' for Putin says Bill Browder, CEO and Co-Founder of Hermitage Capital Management. This has emboldened Putin to keep pursuing 'main objective', which is to 'continue the war'. Nevertheless, it was no doubt 'flattering' for Trump that so many EU leaders flew to Washington for peace negotiations, and this gesture could go some way in convincing Trump to change his mind, Browder contends. Browder spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)
The airline said operations will gradually restart after a deal was reached with the union, ending a strike that caused hundreds of flight cancellations and hit 500,000 customers.
US and European officials will immediately work on providing Ukraine with robust security guarantees to open a path for a landmark meeting between presidents Vladimir Putin and Volodymyr Zelenskiy, according to people familiar with the matter. SoftBank agreed to buy $2 billion in Intel Corp. stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. - The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
The record-breaking pace of muni issuance and investors’ risk-off tone toward duration have driven a sharp steepening of the municipal yield curve, leaving it trailing other fixed-income sectors. In an environment also marked by market volatility and shifting policy dynamics, the case for active management in munis has never been stronger. In this episode of the Masters of the Muniverse podcast, Bloomberg Intelligence analyst Karen Altamirano talks with Jason Hannon, head of municipal strategy a
Rufaro Chiriseri, RBC Wealth Management Head of Fixed Income for the British Isles says the firm continues to like credit, but predominately on the short end. “Risk of spread widening is there, but at the same time, fundamentals are pretty strong,” she adds. Chiriseri joins Anna Edwards and Guy Johnson on “The Opening Trade” on Bloomberg TV.
Chamath Palihapitiya files for a $250 million listing of a blank-check company.
Revisions driven in part by improvements to ONS estimates of research and development activity
Many trips are being booked less than two weeks ahead of time — instead of the more typical one month or more
Even if the Russian leader supports a pact, skepticism is likely to follow as Moscow has previously broken promises not to attack Ukraine.
Fears of slow sales and tight pricing are weighing on PE stocks.
Surrogacy is typically the most expensive path to parenthood. Turning to friends and family can lower the cost—for those willing to navigate legal minefields and tricky family dynamics.
The Knight Foundation and other top organizations are aiming to provide $50 million to stabilize the stations most at risk from the recent federal government funding cuts.
Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls.
Gilt yields rose to their highest in almost three months ahead of UK inflation data that could cement the case against the Bank of England cutting interest rates again this year.
Emerging-market currencies in central and Eastern Europe advanced on Tuesday after signs of progress toward peace talks between Russia and Ukraine, with US President Donald Trump encouraging the leaders of both countries to hold a bilateral summit.
President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 types of consumer items that contain the metals, such as motorcycles and tableware.
Edward R. Martin Jr.’s conduct is part of a pattern in which top administration officials try to use the vast powers of the government to cast the specter of criminality on President Trump’s enemies.
Anglian Water sold its first sterling-denominated benchmark bond in almost a year on Tuesday, drawing strong demand as the UK utility sector continues to navigate regulatory and funding pressures.
The exhibition “Beloved Suburbs” drew more than 150,000 visitors to France’s Museum of the History of Immigration. “We really recognize ourselves in the exhibition,” one said.
The exhibition “Beloved Suburbs” drew more than 150,000 visitors to France’s Museum of the History of Immigration. “We really recognize ourselves in the exhibition,” one said.
Democrats hope to recruit Governor Janet Mills to challenge the powerful Republican senator, but an oyster farmer with a working man’s pitch thinks he has a better chance.
Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain.
This quirky East Village newcomer conjures a thoughtful, sometimes dark, take on traditional coastal cooking. Also, doughnuts and Japanese city pop.
The musical “Operation Mincemeat” tells the story of an absurd feat of deception dreamed up by this spy-turned-novelist. His real acts of espionage were even wilder.
A judge is set to decide if a hotel in Epping, England, can be barred from being used to accommodate asylum seekers, highlighting what has become a contentious issue in Britain.
The media mogul spoke at length for the first time about selling her family’s empire, Paramount’s settlement with President Trump — and getting her reputation battered along the way.
The shanty boat was bound for New Orleans, but the destination mattered less than the challenges, chance encounters and lessons learned along the way.
The data analytics company, fueled by the AI boom, was valued at $62 billion less than a year ago.
Trafigura Group has hired a team of precious metals traders as it looks to venture deeper into highly profitable gold and silver markets.
Chinese copper production fell last month — retreating from a record high in June — as the government ramped up its campaign against industrial overcapacity.
China beverage heiress Kelly Zong is seeking to appeal two orders imposed on her over the $1.8 billion assets held in an HSBC Holdings Plc bank account as part of an inheritance feud with her half siblings.
Intercontinental Exchange Inc. will not add European Union joint debt to its sovereign bond indexes, in a blow to the bloc’s ambition to attract a larger pool of investors and lower its borrowing costs.
Swedish steel producer Swebor Stal Svenska AB and armored vehicle maker Roshel Inc. are joining forces to establish Canada’s first facility entirely dedicated to producing ballistic-grade steel.
Home Depot posts disappointing earnings; SoftBank invests $2 billion in Intel
Cuba sent doctors and food to Vietnam during the war. Now ordinary Vietnamese are sending cash to struggling Cubans.
Investors placed orders totaling more than $12.3 billion for Allianz SE’s latest batch of risky bonds in a deal that investors said could set the tone for the subordinated debt market.
Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Donald Trump pushes for a three-way summit with the Presidents of Ukraine and Russia, after an unprecedented meeting at the White House with Volodymyr Zelenskiy and EU leaders. The US has committed to security guarantees for Ukraine, but the exact nature of Washington's involvement is still to be decided. Plus, Intel soars on news of a $2B investment by SoftBank, while Bloomberg learns that the US government is considering taking a 10% stake in the US chipmaker. Today's guests: Hanna Shelest, Ukrainian Prism, Security Studies Program Director & Arnaud Robert, Hexagon, Robotics President. (Source: Bloomberg)
Romeo and Juliet are shy and graceful, leaping over fences, hunting for rodents and catching at least one Canada goose.
First Quantum Minerals Ltd. on Tuesday commissioned a $1.25 billion expansion at its Kansanshi copper mine in Zambia, bringing online a long-deferred project at a crucial time for both the country and the company.
The decision by the union representing the 10,000 workers means that travel chaos will continue for at least a second day. Air Canada said it had suspended its reopening plan until Monday evening.
Negotiations between the airline and the flight attendants’ union resumed on Monday, hours after a labor relations board declared the walkout illegal.
Good morning. Volodymyr Zelenskiy’s meeting with Donald Trump may have paid off. SoftBank makes a $2 billion bet on Intel’s AI revival. And Bristol is now more unaffordable for renters than much of London. Listen to the day’s top stories.
Iran’s direct military confrontation with Israel over 12 days in June was the most damaging in the history of the Islamic Revolutionary Guard Corps., killing most of its top echelon and forcing a restructuring of Iran’s strategic decision making. And yet the bombing has left the group more critical to the survival of the Islamic Republic than ever before, according to observers. Bloomberg’s Patrick Sykes reports.
Asia’s richest families aren’t just investing in gold. They’re flipping it and trading it for even bigger returns. (Source: Bloomberg)
From land, a rip current can appear relatively calm, as a strip of water that extends out between breaking waves. Its appearance can be deceiving.
President Volodymyr Zelensky emerged upbeat, but repeated that Ukraine will not cede land to Russia. There were few tangible signs of progress toward a peace deal.
S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.
China’s export resilience and policy support, together with strong growth in India, will underpin future commodity demand despite an uncertain global outlook, according to BHP Group Ltd.
Chikungunya, which can disable victims for years, is spreading rapidly, including in China and other places that have not seen it before.
Mining company says backer of Brazil dam class action suit appears to be controlling the claimant law firm
UK design studios that produce bespoke clothing for grand hotels face complex demands
The US is simply denying itself the benefits of the system that already exists
Men on average take home 14% more five years after leaving university, according to FT analysis
South Western’s return to state ownership fails to provide quick fix as operator grapples with long-running issues
With the global cocaine business booming as never before, organised crime groups are diversifying into a swath of other illicit activities
As an International Monetary Fund mission arrives in Senegal this week, investors are watching to see whether the West African nation will inch closer to securing new funding needed to stabilize its strained public finances.
Jolted by President Trump’s support for possible land swaps in Ukraine, they went to back President Volodymyr Zelensky, a move that appeared to have accomplished its goal.
U.S. and other NATO troops are flocking to the European Arctic, where international tensions are simmering.
In a day of diplomatic maneuvers, Europeans argued that Kyiv should not yield key cities, and Trump designated Rubio to draft security guarantees.
Brazil’s antitrust regulator opened a probe into major soybean traders, saying an agreement focused on preventing deforestation in the Amazon forest raises the possibility of a purchasing cartel in the grain-export market.
Shein Group Ltd. has considered moving its base back to China in the hopes that it would help sway Beijing authorities to sign off on the fast-fashion retailer’s plans to go public in Hong Kong, according to people familiar with the matter.
S&P Global Ratings said revenues from Donald Trump’s tariffs will help soften the blow to the US’s fiscal health from the president’s tax cuts, enabling it to maintain its current credit grade.
The Humanoid Robot Games in Beijing — featuring running, kickboxing and soccer — highlighted advancements in robotics. Limitations, too.
President Volodymyr Zelensky of Ukraine and other European leaders have learned a thing or two about negotiating, Trump-style. So has Vladimir Putin.
After Ibrahim Abuowda was injured in an explosion, doctors said the 13-year-old wouldn’t live. That was the start of his seemingly impossible journey to the U.S.
Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.
Gold edged higher as traders weighed US-led efforts to end the war in Ukraine and counted down to the Federal Reserve’s annual Jackson Hole gathering, which may yield hints on possible rate cuts.
Money earmarked for the semiconductor company under the Chips Act could be converted into equity.
President Trump has offered only vague assurances of security guarantees for Ukraine if President Volodymyr Zelensky agrees to cut a deal with Russia.
It was unclear whether Prime Minister Benjamin Netanyahu of Israel was on board with the terms, which came as Qatar and Egypt were intensifying mediation efforts.
President Trump has not committed to adding American forces to the mix in Ukraine. No one has detailed publicly what form defenses would take, but there are several options.
Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel.
Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.
Crime is tricky territory for Democrats and President Trump knows it.
At least 660 people have died in rain-related incidents across Pakistan since monsoon season began in late June, and 935 more have been injured.
US stock futures drifted as earnings from the nation’s biggest retailers kicked off on Tuesday, putting the focus on the strength of American consumers as markets hover near record highs.
Palestinian-Americans who returned to their ancestral home find themselves in a worsening conflict with Israeli settlers and soldiers.
Oil slid as traders weighed the outlook for a ceasefire in Ukraine, with President Donald Trump pushing for a summit between Vladimir Putin and Volodymyr Zelenskiy after a series of high-level talks.
The president, like the U.S. relationship with Russia, is widely misunderstood.
The founder of the cybersecurity company is retiring from the C-suite as it gears up to deliver another year of projected revenue and profit gains.
The cable news network will adopt the new name MS NOW ahead of its spinoff from NBCUniversal.
Supply and demand invariably overcome any effort to defy or outsmart them.
Israel has broadened its push, so far unsuccessful, to persuade other countries to take in Gazans en masse. Critics say the relocation could violate international law.
Leaders’ warm meeting in the White House comes six months after February fiasco
Stocks’ summer rally lost some steam, with declines in a handful of big tech names weighing on major indexes while shares of smaller companies gained.
Covid-era coercion and misinformation bred public distrust, but the vaccines did save countless lives.
Dominion accused Newsmax of airing false reports that the voting-machine company helped rig the 2020 U.S. presidential election.
Palo Alto Networks Inc. jumped on a stronger-than-expected annual forecast, as the company seeks to provide customers with a bundle of AI-enabled cybersecurity products to fend off attacks.
Union leaders for Air Canada’s flight attendants face fines and criminal charges after defying a second order from Canada’s federal labor board to end their “unlawful” strike.
The school year is beginning. We’ll find experts to answer your questions.
The coffee giant is in the midst of a turnaround. “We need to carefully manage all of our other costs.”
‘A United Nations report seeking ways to improve efficiency and cut costs has revealed: U.N. reports are not widely read.’
The president of Ukraine and his European allies are visiting the White House, after President Trump backed Russia’s plan to end the war.
Federal regulators ordered Union Pacific to pay punitive damages of $150,000 to a worker who was fired after reporting a work-related injury.
Rather than bemoaning that reality, instructors must learn to use the technology to best serve their students.
For small companies seeking big gains, the play was easy: start buying cryptocurrency, watch your shares soar and sell stock to fund more purchases. That’s the crypto treasury blueprint — but some investors don’t seem to like that third step, or even the idea of it.
Get a jump start on the US trading day with Matt Miller and Katie Greifeld on "Bloomberg Open Interest." Ukrainian President Volodymyr Zelenskiy and his European allies meet President Trump in Washington today. Retail earnings this week will shed light on the health of US consumers. Novo Nordisk is slashing the cost of Ozempic for cash-paying patients to $499 a month and partnering with GoodRx to offer it at the same price at US pharmacies. GoodRx CEO talks to Open Interest about offering the best prices on drugs to consumers. (Source: Bloomberg)
Russia leads Ukraine in resources and manpower, but sanctions, weapons and funds can change that.
For financial freedom by age 30, optimize ruthlessly during your peak physical and cognitive years.
More companies are facing a new and formidable cybercriminal: Their own CEOs—or so they are led to believe.
Prime Minister Narendra Modi had been moving to align India with the United States and freeze out China. Now, efforts to rebuild ties between the Asian giants are gaining momentum.
Across the Iberian Peninsula, thousands are trying to quell deadly flames amid dangerously hot weather.
In Alaska, the Russian leader proposed that Ukraine hand over the remainder of the Donbas region to Moscow to stop the fighting.
Rodrigo Paz, who had trailed in the polls, won the first round of the presidential election on Sunday, as decades of dominance by a leftist party neared an end.
It is lashing out at the world’s leading energy organization for saying oil and gas use could start declining as the world pivots to cleaner alternatives.
Many Israelis feel that freeing the hostages cannot happen if the government refuses to come to terms with Hamas and pursues its policy of trying to eliminate the group militarily.
European leaders are joining a trip to Washington to make sure the trans-Atlantic alliance remains intact.
The company helped spark a wave of private clubs in New York and boasts more than 200,000 members worldwide.
The net effect of the Alaska summit was to give President Vladimir V. Putin of Russia a free pass to continue his war against his neighbor indefinitely without further penalty, pending talks on a broader peace deal.
IVIX, which sells its software to regulators around the world, is the latest beneficiary of venture interest in the once-shunned area of government contracts.
Bilt’s new scripted series ‘Roomies’ has attracted attention on social media but hasn’t directly promoted the brand—at least not yet.
The EU’s exports to the U.S. declined in June and hit their lowest level since the end of 2023, according to statistics agency Eurostat.
How some restaurant chains are defying the consumer gloom playing out in fast food.
More Americans are choosing to put off having children—or not having them at all. The Ivys are an exception: “It is hard. But it’s not impossible.”
The offer represents a 53% premium to U-blox’s average share price over the six months through Aug. 14.
In Syria, the Assad regime took hundreds of children away from their parents. A Times investigation reveals the workings of the operation — and how one family fought to reunite.
Roughly a quarter of the national park’s more than 1 million visitors go there in June, July and August, when temperatures soar. Why?
The release of Sergei Tikhanovsky and 13 other political prisoners in Belarus was a diplomatic win for the Trump administration.
City planners say the day when temperatures as high as 122 degrees Fahrenheit, or 50 Celsius, could stall the French capital is not far off. They are already starting to prepare.
The tournament runs Aug. 24 to Sept. 7 at the Billie Jean King National Tennis Center in New York City.
EXCLUSIVE: Global economic growth has held up better than expected when the threat of high tariffs loomed.
European leaders are to join the Ukrainian president during a visit that seeks a path to ending the war between Ukraine and Russia.
Fans flocked to the U.S. brand after it discovered the secrets of Chinese tastes.
Voters angered by soaring inflation and fuel shortages back market-friendly candidates to overhaul Bolivia’s economy.
Hundreds of thousands turned out for an evening demonstration in Tel Aviv following a national day of protest, organizers said.
Corporate profits are on track for a double-digit climb, led by the tech sector.
The airline is facing a crisis after its flight attendants walked off the job over the weekend and rejected a government order to return to work.
Battery investors are piling into Australia, chasing profits from the world’s most volatile power market by deploying storage that buys low and sells high.
A good or bad agreement may depend on the quality of Western security guarantees.
What I want is a device to clean up late after a dinner party so I can go to bed.
There are better ways of fighting the drug cartels—and Claudia Sheinbaum will help.
A chatbot can summarize existing knowledge. New knowledge requires the spark of human creativity.
The U.S. should veto the Security Council resolution to extend Unifil’s mandate.
The move blocked a pathway for those seeking medical care in the United States, including young children, who have arrived in recent weeks with serious conditions.
The traditionally Russian-speaking area is at the heart of what the Russian president calls the “root causes” of the war, and taking it over is near the top of his list of territorial and political demands.
President Trump offered security guarantees to deter future Russian aggression. But the offer was vague, prompting Kyiv to seek clarity.
The Europeans expect President Trump to pressure the Ukrainian leader to accept concessions outlined by the Russian president in Alaska.
The Alaska summit between the U.S. and Russian leaders showcased their mutual animosity for the former president.
Polls show that close to 80% of Israelis support stopping the fighting in exchange for the return of hostages, but the government plans to expand it.
Evacuees at a shelter in eastern Ukraine reacted angrily to talk that land that has long been theirs could be given to Russia in exchange for peace.
Jerome Powell has been President Trump’s No. 1 target as Trump demands lower interest rates, but other policymakers are also part of each rate decision.
Officials impose binding arbitration and say Air Canada and the union are at an impasse.
The largest U.S. firms see brighter days ahead while smaller players struggle to keep up.
Prediction platforms are turning the AI arms race into a high-stakes game
The crispy chicken sandwich wars are heating up, with fast-food heavyweights quickly expanding their offerings while upstart chains plot to capture more territory.
Tax incentives lured studios to help build the ‘Hollywood of the South,’ but now Marvel and others are going overseas for cheaper labor costs.
The agents cajoled people into acts of sabotage and even assassination plots. The cases have raised questions about greed, gullibility and loyalty.
A podcast series about an emerging ecosystem of data brokers who license or sell content from creators to artificial-intelligence companies.
Speaking after Friday’s summit, President Putin again implied that the war is all about Russia’s diminished status since the fall of the Soviet Union.
Most of the enclave’s water facilities have been damaged or destroyed in the war, and residents now trek long distances and wait for hours to fill the basic need.
Prince has a new guns-for-hire firm to take overseas security jobs the White House doesn’t want to pay for.
Russian President Vladimir Putin’s goals go beyond a land grab and aim at Ukraine’s capitulation. Kyiv and the West hope to draw a line.
The scramble by tech companies for top AI talent is using unorthodox methods that imperil Silicon Valley’s startup culture.
Old Mission Peninsula, on Lake Michigan, is on the hook for a small fortune to local winemakers, under a federal court order to repay revenue lost over zoning limits on special events.
At their meeting in Alaska, President Trump and President Vladimir V. Putin of Russia both understood the power of the summit’s imagery, regardless of whether they achieved their goals.
The meeting with Trump helped give the Kremlin leader much of what he wanted, including putting Russia on an equal footing with the U.S.
President Trump’s break from a strategy agreed to with European allies could give President Vladimir V. Putin of Russia an edge as talks to end the fighting continue.
Nearly two years of demonstrations have failed to push Prime Minister Benjamin Netanyahu to reach a deal with Hamas that would end the war and free the remaining captives.
A walkout by flight attendants ended after about 12 hours with the imposition of binding arbitration. But getting travel back to normal will take days.
The meeting between the U.S. president and the Russian leader didn’t appear to yield any breakthroughs.
Trump said that Putin accepted that any peace would need to include the presence of Western troops in Ukraine as a way of ensuring its durability.
The U.S. president’s latest statements are a reversal of much of what he seemed to have agreed to with European allies this past week.
President Trump offered Sean Hannity few details of what he had discussed with President Vladimir V. Putin about Russia’s war in Ukraine, but talked up their personal connection.
President Volodymyr Zelensky of Ukraine will go to Washington on Monday seeking answers.
The World Humanoid Robot Games in Beijing, aimed at displaying humanlike robots’ skills at sports and everyday tasks, featured stop-start hotel bellhops and a maid that missed the trash bin.
With no strategy of their own for ending the war, the continent’s leaders are anxious that President Trump will force Kyiv to accept terms that favor Russia too much.
Libya, South Sudan and Syria are among the countries Israel has spoken to in its effort to move hundreds of thousands from the enclave.
Some of Europe’s most notable companies are moving to the U.S., deepening Europe’s economic woes.
Pickup trucks, salmon fishing and grizzly bears gave way to FBI agents and $1,000 hotel rooms as Anchorage’s biggest political moment unfolded. “All eyes” on the state.
Mark Shapiro got $7.7 billion for UFC. As he likes to say, ‘it’s an eat what you kill world.’
On a sunny summer’s day, you might think of going to the beach. Or you might list the things that ought to be worrying investors, and mostly aren’t. Your scribe chose the latter.
The leaders were each flanked by senior advisers for their first meeting in Alaska.
The network connects founders and venture capitalists with ‘Palantir Pals’ and a Russian River camping trip
A far-right Israeli security minister released video of an exchange with Marwan Barghouti that the Palestinian’s family called threatening.
A vote of confidence by Warren Buffett’s Berkshire Hathaway delivered the Dow laggard its best day since 2020.
Comments from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, alongside minutes to the Fed’s most recent meeting, will be closely watched as investors increasingly anticipate that interest-rate cuts will resume next month.
The Securities and Exchange Commission said the buyout firm collected more than $500,000 from investors in miscalculated fees.
The Davos conference organizer shuffled its board leadership and moved to resolve a dispute with its founder.
How well do you think you know the stock market? Put your knowledge to the test.
Our company may soon be out of business, as the feds renege on their agreement with the timber industry.
Federal support could get the troubled chip maker over some hurdles, but risks great harm to the U.S. tech sector.
We will still need flawed humans in charge to keep a watchful eye over the quality of its output.
Plus, universal basic income, deep research and China’s open-source AI push.
The future of online clothing rental doesn’t lie with the company that pioneered it.
Electric vehicles chief Doug Field has a great deal riding on his new strategy, which takes a page from the Elon Musk playbook.
Airfares rose in July for the first time since January as airlines try to regain pricing power.
New research suggests the actual tariff rates are well below what economists have suspected.
The conglomerate sold Apple shares during the second quarter, though the iPhone maker remains Berkshire’s largest stockholding.
Anneka Gupta, Rubrik’s Chief Product Officer, discusses the emergence of so-called AI agents, which are being hailed as the next frontier in enterprise automation. She also explains how her company assists when the use of such technological tools yields unintended results, like Cybercrime. Cybersecurity Ventures estimates cybercrime could cost the world $10.5 Trillion in 2025. Anneka Gupta speaks with Carol Massar and David Gura on Bloomberg Businessweek Daily.
The Chinese economy lost some momentum in July, backing the case for policymakers to snap out of wait-and-see mode and stimulate growth.
Here’s what to know as critical farmlands get dragged into the country’s devastating civil war.
America lacks the political commitment and military pre-eminence that helped it resolve earlier European conflicts.
The admission is a sign of how changes to automotive policy under the Trump administration are starting to hurt the electric-vehicle industry.
Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.
The deal talks follow President Trump’s public call for the replacement of CEO Lip-Bu Tan over his ties to Chinese businesses.
Peter Thiel’s Founders Fund is the lead investor in the financing, according to people familiar with the deal.
The author and his protagonists find that they’d sought a theory in the wrong place.
The rally in small-cap stocks fizzled, with investors buying shares of large tech and financial companies.
Officials will work on a support package for canola growers while trying to resolve the trade row with their Chinese counterparts over the oilseed, said Canadian Prime Minister Mark Carney.
Elevated rates and home prices have kept homeownership out of reach for many prospective home buyers.
The two leaders are set to discuss the war in Ukraine during the face-to-face meeting.
The report, which focused on violence against Syria’s Alawite communities along the Mediterranean coast in March, uncovered no evidence that the country’s new government orchestrated the attacks.
Wholesale inflation jumped to a recent high, likely pushing up the Fed’s preferred price metric.
Tech giant redesigned the feature after losing a bruising patent case over it in 2023.
Computer outsourcing pioneer also advised Perot during his presidential campaign—and mentored Michael Dell and Mark Cuban.
U.S. negotiators gave the EU their version of a trade agreement as both sides work on drafting a rundown which could be used as a launch pad for further talks.
The number of people seeking unemployment benefits fell to 224,000 in the week through Aug. 9, down from 227,000 a week earlier. Analysts polled had expected 229,000 new claims.
No Analysis Available
Generate your first world market analysis