Business & Industry-Specific Dynamics
Stay updated on the latest business trends and industry-specific dynamics shaping markets.
Business and industry-specific dynamics
Fed Cuts Interest Rates for First Time in Four Years
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Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.
linkCopy linkshare_windowsShareTrump Floats an Array of Expensive Tax Cuts to Win Votes
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Whether he is speaking to retirees, corporate executives or tipped workers, former President Donald J. Trump has made a habit of promising tax cuts that could cost trillions.
linkCopy linkshare_windowsShareTelevisaUnivision Considers Replacing CEO Wade Davis
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Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.
linkCopy linkshare_windowsShareBoeing to Begin Temporary Layoffs Due to Strike
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The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
linkCopy linkshare_windowsShareTupperware, Food Container Pioneer, Files for Bankruptcy
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The once-mighty kitchenware company has struggled financially for years. It says the direct sales model that fueled its success has become a weakness.
linkCopy linkshare_windowsShareFed’s Interest Rate Cut Would Cap a Winning Streak for Harris and Biden on Prices
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Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race.
linkCopy linkshare_windowsShareFrance’s Budget Problems ‘Very Serious,’ Prime Minister Says
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The French government, which missed a deadline this week to show how it would cut its debt and deficit, is struggling to meet fiscal requirements set by the E.U.
linkCopy linkshare_windowsShareTyson Is Sued Over Labeling of ‘Climate-Smart’ Beef
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An environmental group said the company, a major food producer, was misleading shoppers with its claims about eco-friendly practices.
linkCopy linkshare_windowsShareCompany Says It Is Investigating Radios Targeted in Lebanon Blasts
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The Japanese electronics manufacturer Icom said it stopped making the walkie-talkie model in 2014 and has warned about fake versions for several years.
linkCopy linkshare_windowsShareElon Musk’s X Finds Way Around Brazil Ban and Goes Live Again for Many Users
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Elon Musk’s social network used a technical maneuver to restore service for many Brazilians after a court blocked it. Regulators expected to restore the block soon.
linkCopy linkshare_windowsShareHow to Read the Fed’s ‘Dot Plot’ Like a Pro
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The Federal Reserve is expected to cut rates on Wednesday. Wall Street is focused on how much, and on what comes next.
linkCopy linkshare_windowsShareWhat Trump Has Said About Interest Rates, and Why It Matters
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He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.
linkCopy linkshare_windowsShareCentral Banks Around the World Are Cutting Rates
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Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
linkCopy linkshare_windowsShareAlaska Airlines Chief Plans More Routes After a Deal With Hawaiian
The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.
linkCopy linkshare_windowsShareDaniel Lubetzky Joins ‘Shark Tank’ as Mark Cuban Departs
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Daniel Lubetzky, the founder of the Kind snack company, began appearing as a guest on “Shark Tank” five years ago. Soon he’ll have a permanent seat.
linkCopy linkshare_windowsShareG.M. Electric Vehicles Gain Access to Tesla Chargers
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After a delay of several months, General Motors said owners of its battery-powered models would now be able to use Tesla charging stations with adapters.
linkCopy linkshare_windowsShareWhy Uncertainty Still Hangs Over the Fed’s Rate Decision
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Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.
linkCopy linkshare_windowsShareWall Street Expects Half-Point Fed Rate Cut
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.
linkCopy linkshare_windowsShareBoeing Implements Furloughs Amid Major Worker Strike to Preserve Cash Flow
Boeing plans to furlough a significant number of white-collar employees as a response to a strike involving 30,000 workers. The furloughs aim to preserve cash during halted production, with executives also taking pay cuts amid ongoing financial challenges.
linkCopy linkshare_windowsShareMark Cuban and Kamala Harris Unite Against Chinese Knockoffs to Protect Small Businesses
Mark Cuban is collaborating with Vice President Kamala Harris to combat the issue of Chinese knockoffs, which he claims threaten small businesses. He emphasizes the need for better protections against counterfeit goods that cost U.S. businesses significantly each year.
linkCopy linkshare_windowsShareYouTube's CEO Discusses Creator Revenue and Election Integrity Strategies
YouTube CEO Neal Mohan emphasizes the platform's commitment to sharing revenue with creators, maintaining a 55% payout despite rising costs. He also outlines strategies for managing misinformation during upcoming elections, prioritizing authoritative content while allowing diverse political discourse.
linkCopy linkshare_windowsShareSam's Club and Walmart Join Forces: A Strategic Supply Chain Merger to Boost Growth
Sam's Club is merging its corporate supply chain team with Walmart's to enhance growth and resource access. This strategic move aims to leverage Walmart's scale and technology, positioning Sam's Club to better compete with Costco in the warehouse club market.
linkCopy linkshare_windowsShareUnlocking IPO Success: Insider Tips from Business Insider's Virtual Event
The Road to IPO, a virtual event by Business Insider, offers valuable insights and strategies for companies preparing to launch into public markets, focusing on key factors for a successful IPO.
linkCopy linkshare_windowsShareAliko Dangote: A Billionaire Committed to Nigeria and Philanthropy
Aliko Dangote, Africa's richest man, built his fortune through the Dangote Group, the continent's largest cement producer. Despite his wealth, he chooses to invest in Nigeria, owning no homes abroad, and actively supports philanthropic efforts through his foundation.
linkCopy linkshare_windowsShareHouse votes to reject GOP bill to avert government shutdown
The House rejected a GOP effort to avert a government shutdown. Lawmakers have until Sept. 30 to extend government funding.
linkCopy linkshare_windowsShareTeamsters will not endorse for president, a blow to Democrats
The Teamsters’ much-anticipated non-endorsement came after a vote of its executive board in Washington.
linkCopy linkshare_windowsShareBoeing furloughing thousands as negotiations continue with striking machinists
The furloughs are part of sweeping cost-cutting measures Boeing announced this week as it continues negotiations with striking machinists.
linkCopy linkshare_windowsShareFed cuts interest rates by half a point, marking first trim since 2020
A more aggressive interest rate cut would suggest deeper worries that the job market is buckling under the Fed’s continued fight against inflation.
linkCopy linkshare_windowsShareWhat the Fed’s rate cut means for consumers, businesses and investors
The Fed’s first cut in four years will affect hiring, inflation, the housing market, stocks and borrowing costs.
linkCopy linkshare_windowsShareFed cuts interest rates by a half-point, more expected this year
The Federal Reserve is slated to cut interest rates in its meeting Wednesday. Follow along for live updates on the Fed interest rate decision.
linkCopy linkshare_windowsShareFederal Reserve rate cut may boost Kamala Harris in campaign homestretch
Kamala Harris could benefit from the Federal Reserve's interest rate cut if it improves voters’ perceptions of the economy.
linkCopy linkshare_windowsShareFor one of Congress’s sharpest Fed watchers, the interest rate cut sends a signal: The economy...
linkCopy linkshare_windowsShareTurmoil strikes 23andMe as board members resign in dispute with founder
The pioneering DNA testing firm has been struggling to stay afloat financially despite ambitious ventures to provide health care and develop pharmaceuticals.
linkCopy linkshare_windowsShareGM electric vehicles can now use Tesla Superchargers
GM says it’s ready to start selling power adapters compatible with Tesla, more than a year after it announced plans to adopt the related charging standard.
linkCopy linkshare_windowsShareIndia's GST Needs More Than a Tax Rate Reset
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GST gains will be frittered away without administrative reform
linkCopy linkshare_windowsShareJapan Insurers Group Tells Members to Cut Cross-Shareholdings
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Japan’s industry body for non-life insurers told its member companies to cut their cross-shareholdings, following government pressure to abandon the long-standing practice.
linkCopy linkshare_windowsShareFed's Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 7:01
linkCopy linkshare_windowsShareBlockchain Firm Blockdaemon Weighs 2026 for a Potential Listing
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Blockchain infrastructure provider Blockdaemon Inc. may pursue an initial public offering in 2026, its founder Konstantin Richter said.
linkCopy linkshare_windowsShareBloomberg Daybreak Europe: The Fed's Big Cut (Podcast)
Source: Bloomberg, 20:09
linkCopy linkshare_windowsShareBOE Likely to Keep Interest Rates Unchanged
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The Bank of England is likely to decide against cutting interest rates on Thursday. The decision from the central bank comes a day after the Federal Reserve lowered its benchmark interest rate by a half percentage point. Bloomberg’s Lizzy Burden discusses what to expect.
linkCopy linkshare_windowsShareThai Scion Bets US-China Feud Will Ease Bangkok Property Glut
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Frasers Property Ltd., controlled by Thailand’s richest man, is banking on US-China tensions to help reduce an oversupply of office space that has plagued the country’s capital.
linkCopy linkshare_windowsShareFed Opts for Half-Point Cut, Israel's ‘New Phase’, More
Source: Bloomberg, 6:22
linkCopy linkshare_windowsShareOutsized Cut: The Bloomberg Open, Europe Edition
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Good morning. Stocks rally after the Fed makes an outsized rate cut. The BOE is seen standing pat today. And a Bloomberg survey sees equities continuing to gain this year.
linkCopy linkshare_windowsShareChina’s Crackdowns Are Crushing the Dreams of a Generation
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On today’s Big Take Asia podcast, how China’s big policy shift is upending the lives of millions of professionals, erasing jobs, cutting pay and crushing dreams.
linkCopy linkshare_windowsShareThe Shadow Fleet Transporting Sanctioned Gas for Russia
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A network stretching from Dubai to China is involved in a multi-billion dollar effort to ship gas from Russia's Arctic LNG facility.
linkCopy linkshare_windowsShareWhy Labour's Growth Plan Has a Thames Water-Sized Hole
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On this episode of In the City, we discuss why the tale of Thames Water has spooked foreign investors, and what the UK government needs to do to win them back.
linkCopy linkshare_windowsShareLebanon Explosions, Asian Stocks Rally After Fed Rate Cut, More
Source: Bloomberg, 6:02
linkCopy linkshare_windowsShareFed Opts for Rate Cut, Second Wave of Blasts Hits Lebanon, More
Source: Bloomberg, 5:01
linkCopy linkshare_windowsShareFed Goes 50, Threats Of Retaliation In Mideast
Source: Bloomberg, 4:44
linkCopy linkshare_windowsShareBloomberg Daybreak Asia: Fed Opts for Outsized Cut (Podcast)
Source: Bloomberg, 25:40
linkCopy linkshare_windowsShareFed Cut No New Trend, More Devices Explode Lebanon
Source: Bloomberg, 4:58
linkCopy linkshare_windowsShareChina’s Failing US Lobby Playbook Puts Tech Companies at Risk
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US lawmakers are signaling to China that the world’s second-largest economy and its companies face a tough slog in America for the foreseeable future, regardless of who controls Washington after the November election.
linkCopy linkshare_windowsShareFed Cut New Phase?, More Lebanon Explosions
Source: Bloomberg, 4:44
linkCopy linkshare_windowsShareBig Take: The Fed Goes Big With a Half-Point Cut (Podcast)
Source: Bloomberg, 16:13
linkCopy linkshare_windowsShareGermany’s SEFE Is Looking for More Gas Before Privatization
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German state-owned gas company SEFE is looking to expand its supply base before being privatized later this decade, according to Chief Executive Officer Egbert Laege.
linkCopy linkshare_windowsShareBig Take Asia: China's Bankers Reel From Xi Crackdown (Podcast)
Source: Bloomberg, 17:15
linkCopy linkshare_windowsShareXi Unleashes a Crisis for Millions of China’s Best-Paid Workers
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China created a professional class in record time. Now, just as swiftly, many of their dreams are being crushed.
linkCopy linkshare_windowsShareThis Fed Not Politicized: Haines on Rate Cut Decision
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Terry Haines, Pangaea Policy Founder, discusses the political reaction from the Federal Reserve cutting interest rates by 50 basis-points and states that this Fed is not politicized. He talks about the fiscal deficit and not hearing either Presidential candidate speaking about how to address and solve this issue, and he weighs in on the market risks of geopolitical events. Terry Haines speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
linkCopy linkshare_windowsShareFed Goes Fifty S&P Reacts, Israel Says New War Phase
Source: Bloomberg, 4:38
linkCopy linkshare_windowsShareFed Cuts as RBA Decision Nears
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Good morning, it’s Georgie here in Sydney with this morning’s top news for you. Aussie stock futures are pointing lower and gold hit a record. But first...Today’s must-reads:• The Fed cuts interest rates by 50 basis points• Aukus tech partnership talks• Housing crisis legislation gridlock
linkCopy linkshare_windowsShareChina expected to trim main policy rate and lending benchmarks: Reuters poll
China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around sharp yuan declines.
linkCopy linkshare_windowsShareHong Kong probe reveals Cathay Airbus engine failure due to ruptured fuel hose
A probe by Hong Kong's aviation accident investigation agency revealed Cathay Pacific's Airbus A350 engine failed in-flight due to a damaged fuel hose which also showed signs of a fire, the agency's report stated on Thursday.
linkCopy linkshare_windowsShareChina to ramp up policy steps to revive economy but no 'bazooka' stimulus seen
Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures.
linkCopy linkshare_windowsShareAnalog Devices, Tata Group in talks to make semiconductors in India
Analog Devices (ADI) and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on Wednesday.
linkCopy linkshare_windowsShareFed outsized rate cut draws muted reaction, but calm may not last
Investors who anticipated furious market swings following the U.S. Federal Reserve's bumper rate cut saw more of a muted reaction. That may be fleeting.
linkCopy linkshare_windowsShareAfter jumbo Fed rate cut, market hopes ride on US soft landing
Has the Fed kicked off rate cuts in time to keep the economy from slowing too fast?
linkCopy linkshare_windowsShareMorning Bid: UK inflation to keep BoE on cautious path
A look at the day ahead in European and global markets from Rae Wee
linkCopy linkshare_windowsShareIndonesia's parliament passes Prabowo's maiden budget
Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.
linkCopy linkshare_windowsShareWaymo in talks with Hyundai Motor to produce self-driving taxis, media report says
Alphabet's Waymo is in talks with South Korea's Hyundai Motor to outsource manufacturing of its self-driving vehicles, South Korean newspaper, Electronic Times, reported.
linkCopy linkshare_windowsShareCoffee growers look to postpone EU deforestation requirement
The world's top coffee body is set to request that the European Union postpone a requirement that imported beans come from areas not linked with deforestation, the group's head said on Wednesday.
linkCopy linkshare_windowsShareTalks between Boeing, striking union stall without a deal
Contract talks between Boeing and its largest union stalled on Wednesday after both sides failed to reach an agreement on key issues in presence of federal mediators.
linkCopy linkshare_windowsShareChina aircraft lessor orders 50 737 MAX jets, in boost to Boeing
China Development Bank Financial Leasing said its aircraft leasing unit would order 50 Boeing 737 MAX 8 jets, in a boost to the planemaker that has been grappling with a slowdown in Chinese orders and a strike by factory workers.
linkCopy linkshare_windowsShareDollar and stocks gain as Fed charts soft landing
The dollar bounced, long-dated bond yields were up and Asian stocks surged after the Federal Reserve announced a 50-basis-point rate cut and flagged a measured easing cycle ahead, leaving open a path to a soft landing for the U.S. economy.
linkCopy linkshare_windowsShareUS Senate committee questions tech executives about election threats
U.S. lawmakers questioned tech executives on Wednesday about their preparations for battling foreign disinformation threats ahead of elections in November, with both the senators and executives identifying the 48 hours around Election Day as the most vulnerable time.
linkCopy linkshare_windowsShareUS borrowers get quick relief as Fed cuts rates
U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years.
linkCopy linkshare_windowsShareStellantis faces unprecedented UAW strikes a year after national walkout
The United Auto Workers union is eying multiple U.S. strikes against French-Italian carmaker Stellantis about a year after a national walkout cost the Detroit Three automakers billions of dollars and idled 50,000 workers.
linkCopy linkshare_windowsShareExclusive: Google offered to sell part of ad tech business, not enough for EU publishers
The European Commission last year charged Google with favouring its own advertising services, opening its fourth case against the world's most popular search engine.
linkCopy linkshare_windowsShareBoeing furloughs thousands as no progress made to resolve strike
Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its best-selling 737 MAX and other airplanes.
linkCopy linkshare_windowsShareStocks Slip After Fed Cuts Rates
The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.
linkCopy linkshare_windowsShareGet Ready to See Stock Prices in Half-Pennies
The SEC approved a change to market rules that would cause the prices of many stocks to be quoted in increments of $0.005, which it says will help lower costs for investors.
linkCopy linkshare_windowsShareU.S. Crude Oil Stockpiles Fall in Week Ended Sept. 13
Commercial crude oil stockpiles excluding the Strategic Petroleum Reserve fell by 1.6 million barrels to 417.5 million barrels in the week ended Sept. 13 and were about 4% below the five-year average for the time of year, the EIA said.
linkCopy linkshare_windowsShareEA Shows Why Game Forecasts Are a Tricky Business
The videogame publisher’s first analyst meeting in eight years fell flat as big projects had few specific details on timing.
linkCopy linkshare_windowsShareLithium Gets a Charge, but Oversupply Still Looms
The metal, which is used to make batteries for both gadgets and electric vehicles, has been on a roller-coaster ride in recent years.
linkCopy linkshare_windowsShareOil Gains as Traders Track Risk-On Tone and Middle East Tension
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Oil advanced as a risk-on tone swept across wider financial markets following the steep interest-rate cut by the Federal Reserve, while traders monitored escalating tensions in the Middle East.
linkCopy linkshare_windowsShareFed’s Rate Pivot Seen Driving Outsized Gain in Asian Assets
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The Federal Reserve’s shift to interest-rate cuts bodes well for Asian assets as many are underowned, and have better earnings prospects and more room to benefit from easing than their global peers.
linkCopy linkshare_windowsShareJapanese Stocks Rise as Yen Weakens While Investors Await BOJ
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Japanese stocks rose as the yen weakened after Federal Reserve Chair Jerome Powell cautioned against assuming large rate cuts will continue. Investors are awaiting the Bank of Japan’s decision Friday.
linkCopy linkshare_windowsShareBitcoin Climbs With US Equity Futures as Traders Digest Fed Cut
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Bitcoin hit a three-week high alongside a jump in US equity futures as an outsized Federal Reserve interest-rate cut rippled across markets.
linkCopy linkshare_windowsShareStocks Rally Gathers Momentum as Fed Cut Sinks In: Markets Wrap
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Share futures rallied alongside Asian equities on expectations the Federal Reserve’s half-percentage-point interest-rate cut will guide the world’s largest economy toward a so-called soft landing.
linkCopy linkshare_windowsShareRand Gains With SARB Poised For First Rate Cut in Four Years
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The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020.
linkCopy linkshare_windowsShareFTSE 100 Live: UK Stocks Set for Boost From Fed Before BOE Decision
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linkCopy linkshare_windowsShareSingapore, US Swap Gap Set to Narrow as MAS Policy Shift Nears
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Singapore’s unusual approach to monetary policy will give traders a chance to profit from a narrowing gap between the local currency and US dollar interest-rate swaps.
linkCopy linkshare_windowsShareBloomberg Markets: Asia 09/19/2024
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"Bloomberg Markets: Asia" is the definitive guide to the markets in Hong Kong and on the mainland. Paul Allen brings you the latest news and analysis to get you ready for the trading day. (Source: Bloomberg)
linkCopy linkshare_windowsShareIndia Eclipsing China in MSCI Global Stock Gauges to Drive Flows
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India’s overtaking of China in key global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost.
linkCopy linkshare_windowsShareWhat to Expect From the SARB’s Rate Decision
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Analysts expect the South African Reserve Bank to deliver its first-rate reduction since 2020 today, a day after the nation’s annual inflation rate fell below the midpoint of the central bank’s target range for the first time in more than three years. Bloomberg’s Jennifer Zabasajja reports.
linkCopy linkshare_windowsShareVietnam Scraps Stock Pre-Funding Rule With Eye on Market Upgrade
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Vietnam will remove a requirement for overseas investors to fully pre-fund equity trades, marking the country’s latest effort to boost its chances of being reclassified as an emerging market.
linkCopy linkshare_windowsShareBloomberg: The China Show 9/19/2024
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“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 Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
linkCopy linkshare_windowsShareAs Tokyo Extends Stock Trading Hours, Concerns Grow It Could Stoke Volatility
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Japanese equities may become more volatile after the Tokyo Stock Exchange extends its trading hours in November, with the risk that investors might be scared off as it comes on the heels of last month’s market crash.
linkCopy linkshare_windowsShareFive Things You Need to Know to Start Your Day: Europe
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Get up to speed with what the markets are monitoring
linkCopy linkshare_windowsShareYen Extends Drop to 1% as Traders Eye Japan-US Yield Spreads
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The yen weakened about 1% against the dollar after the Federal Reserve signaled its pace of rate cuts may slow, prompting traders to weigh the outlook for yield differentials between Japan and the US.
linkCopy linkshare_windowsShareIndia IPO Frenzy Continues as State Power Firm's Unit Plans $1.2 Billion Listing
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The renewable-energy arm of India’s state-run power producer NTPC Ltd. is seeking to raise as much as 100 billion rupees ($1.2 billion) in its initial public offering, underscoring how the world’s busiest market for listings is now attracting bigger deals.
linkCopy linkshare_windowsShareAustralia’s Lenders Battle to Lure Business Bankers: NAB CFO
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Business banking looks set to be the next battleground in Australia after mortgage lending. Hiring people to support the growth will be a problem, according to the country’s biggest lender in this area.
linkCopy linkshare_windowsShareHSBC Cuts Key Hong Kong Rate for the First Time Since 2019
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HSBC Holdings Plc cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub.
linkCopy linkshare_windowsSharePolysilicon Prices Forecast to Rise on Chinese Production Cuts
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The price of polysilicon — a key ingredient in solar panels — should rally through the year-end as producers cut capacity due to a slump in the sector, the China Silicon Industry Association said.
linkCopy linkshare_windowsShareWheat Drops as Weak Demand, Better US Weather Outweighs Fed Cut
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Wheat fell as weak European demand and improving weather in the US overshadowed an outsized interest-rate cut from the Federal Reserve.
linkCopy linkshare_windowsShareBrookfield Is Adding to $13 Billion It Has Bet on India Infrastructure
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Brookfield Asset Management Ltd. plans to add to the $13 billion it has already invested in Indian infrastructure, describing it as the “brightest spot” in emerging markets.
linkCopy linkshare_windowsShareBlackstone Sees Asia as Growth Engine as US Rate Cut Gives Boost
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Blackstone Inc., one of the largest asset managers in the world, sees Asia as a “growth engine,” according to Amit Dixit, the firm’s head of private equity for the region.
linkCopy linkshare_windowsShareMarkets Got Powell's Message — Smaller for Longer
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The steam from a 50-basis-point rate cut was let out quickly by the Fed chief dousing future expectations
linkCopy linkshare_windowsShareSingapore Stocks Head for 17-Year High on Rate Hopes, Dividends
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Singapore stocks are on track for their highest close since 2007 as the prospect of lower interest rates lifts the city-state’s real estate investment trusts, and adds to the appeal of the high-yielding market.
linkCopy linkshare_windowsShareBlackstone Says Asia Is the Firm's Growth Engine
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Amit Dixit, head of Asia at Blackstone Private Equity, discusses the firm's strategy for the region and the opportunities he sees. He also talks about the prospects for visa outsourcing and technology services firm VFS Global, where he said Blackstone is in talks to sell a minority stake.. He speaks on "Bloomberg: The Asia Trade." (Source: Bloomberg)
linkCopy linkshare_windowsShareGermany’s Slump in EV Sales Drags on Europe’s Auto Market
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Germany, hit by bad economic news in recent weeks, led a drop in European car sales last month as demand for electric vehicles cratered.
linkCopy linkshare_windowsShareRupee rises to six-week high after Fed rate cut, importer dollar bids pick up
The Indian rupee rose to its strongest level in over six weeks on Thursday after the Federal Reserve kicked off policy easing with a 50-basis-point rate cut, but traders expect importer dollar bids to limit the currency's immediate gains.
linkCopy linkshare_windowsShareEU car sales at 3-year low in August, EV sales down 43.9%, ACEA says
New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged by double-digit losses in major markets Germany, France and Italy, data from Europe's auto industry body showed on Thursday.
linkCopy linkshare_windowsShareFed sees higher 'terminal' rate, reached sooner: McGeever
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook for the fed funds rate's eventual destination, and how soon it takes to get there, that matters more.
linkCopy linkshare_windowsShareRupee faces challenge as US dollar surges after Fed's large rate cut
The Indian rupee's recovery on Thursday will have to contend with a broadly higher U.S. dollar despite the Federal Reserve delivering a 50-basis-point rate cut.
linkCopy linkshare_windowsShareFed rate cut lifts Indian shares to record high
Indian shares climbed to a record high on Thursday, led by information technology stocks after the U.S. Federal Reserve kicked off its monetary easing cycle with a large half percentage point rate reduction.
linkCopy linkshare_windowsShareDollar claws back losses after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday, reversing a brief tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
linkCopy linkshare_windowsShareBank of England set to hold rates with bond sales in spotlight
The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget.
linkCopy linkshare_windowsShareUS rate futures imply more easing this year after Fed's 50-basis-point cut
Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by the Federal Reserve by the end of this year, LSEG calculations showed.
linkCopy linkshare_windowsShareUS 30-year mortgage rate falls to two-year low of 6.15%
The interest rate for the most popular U.S. home loan fell last week to its lowest level in two years, on anticipation the Federal Reserve will start cutting interest rates on Wednesday, potentially by as much as a half of a percentage point.
linkCopy linkshare_windowsShareHong Kong Makes First Rate Cut Since 2020, Boosting Economy
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Hong Kong’s beleaguered real estate market is set for some relief after the city cut its base interest rate for the first time in four years, mirroring the Federal Reserve’s policy easing.
linkCopy linkshare_windowsShareTurkey Seen Awaiting More Evidence Before Starting to Cut Rates
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Turkey’s central bank will probably keep its main interest rate unchanged for a sixth straight month, as a lack of significant improvement in underlying inflation pushes the monetary authority to stick with a tighter bias.
linkCopy linkshare_windowsSharePrabowo’s First $237 Billion Budget Wins Indonesia Parliament Approval
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Indonesia’s parliament approved a state budget that will help President-elect Prabowo Subianto get his administration and growth ambitions up and running next month.
linkCopy linkshare_windowsShareAustralia’s Hiring Strength Persists as Unemployment Steady
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Australia’s strong hiring extended into August and the unemployment rate held steady, underscoring the resilience of the labor market to elevated interest rates.
linkCopy linkshare_windowsShareChina Ends Tariff Exemptions on Some Taiwan Agricultural Imports
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China will remove its tariff exemptions on some agricultural products imported from Taiwan as Beijing ramps up pressure on the democracy.
linkCopy linkshare_windowsShareBrazil Central Bank Lifts Its Interest Rate and Signals More Hikes Ahead, Bucking Global Trend
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Brazil’s central bank raised its interest rate by a quarter-point and said more hikes are coming on resilient growth and inflation expectations, moving in the opposite direction of the Federal Reserve and regional peers.
linkCopy linkshare_windowsShareThe Fed (Finally) Lowered Interest Rates
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The Fed cut interest rates Wednesday by half a percentage point. On today’s Big Take podcast, what that means for the economy — and everyday consumers.
linkCopy linkshare_windowsShareTaiwan Set for Rate Decision as Worries Linger Over Home Prices
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Taiwan’s central bank is poised to announce the level for its benchmark interest rate and potentially unveil measures to rein in property prices.
linkCopy linkshare_windowsShareFed Opens Up Policy Space Around the World Without Feeding Panic
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The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon for counterparts spanning the globe.
linkCopy linkshare_windowsShareNew Zealand Economy Shrinks Less Than RBNZ Expected
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New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.
linkCopy linkshare_windowsShareFed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing
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Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.
linkCopy linkshare_windowsShareBOE Set to Refrain From Second Straight Rate Cut: Decision Guide
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The Bank of England is likely to decide against cutting interest rates for a second straight meeting, maintaining a patient approach to reversing the most aggressive policy tightening in decades.
linkCopy linkshare_windowsShareLabour Plan Not Enough to Put UK Growth Atop G-7, Study Finds
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Labour’s current policies would only get Britain halfway to becoming the fastest-growing economy in the Group of Seven, suggesting more is needed to fulfill Prime Minister Keir Starmer’s key promise to voters.
linkCopy linkshare_windowsShareCiti Trader Who Nailed Fed Rate-Cut Call Comes Away Disappointed
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Akshay Singal took little pleasure in getting the Federal Reserve’s rate-cut call right on Wednesday.
linkCopy linkshare_windowsShareFed Cuts Rates by Half Point in Decisive Bid to Defend Economy
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The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, an aggressive start to a policy shift aimed at bolstering the US labor market.
linkCopy linkshare_windowsShareFed Cut Is a Positive for Credit, Market Participants Say
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Credit derivative spreads narrowed on Wednesday after the Federal Reserve cut interest rates for the first time in over four years, lowering them by a half percentage point.
linkCopy linkshare_windowsShareFed’s Big Opening Move Is Rocket Fuel for Stocks
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Let’s admit it. We underestimated the US economy’s resilience. I mean, the big question on everyone’s minds as we entered Wednesday was whether the Federal Reserve would cut rates by a quarter or a half point to ward off a recession that’s been predicted for the better part of two years. (They went for the bigger cut). And yet, the Atlanta Fed’s GDPNow economic tracker shows GDP growing at almost 3% based on data so far this quarter. That’s on the back of the latest retail sales and industrial p
linkCopy linkshare_windowsShareGulf Central Banks Follow Fed Cut as Oil Prices Head to $70
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Gulf policymakers followed the US Federal Reserve’s move to cut interest rates for the first time since the Covid-19 pandemic, giving the energy-rich region some respite from the impact of lower oil prices.
linkCopy linkshare_windowsShareArgentina Recession Deepened as Milei Shock Therapy Stung
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Argentina’s economy sunk deeper into recession in the second quarter as ripple effects from President Javier Milei’s currency devaluation and austerity exacerbated a downturn.
linkCopy linkshare_windowsShareDo You Dot Plot? Understanding How the Fed Forecasts
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It’s almost certainly the most closely scrutinized scatter chart in financial markets. Every three months since January 2012, the Federal Reserve has sent analysts scurrying by updating its “dot plot,” which has become the de facto monetary policy forecast of the US central bank — whether the Fed wants it to be or not. It’s also an important source of clues to dissent within the Fed’s policy making committee, even if it can be as cryptic as it is crucial.
linkCopy linkshare_windowsShareStudent Visas to Drop 10% in 2025 as Canada Curbs Migration
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Prime Minister Justin Trudeau’s government is taking more steps to reduce immigration in a country that has buckled under the strain of explosive population growth.
linkCopy linkshare_windowsShareA Side-by-Side Comparison of the Fed’s Statements
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The Federal Reserve cut its benchmark interest rate by a half percentage point Wednesday. The move has traders ramping up their bets on the pace of future easing.
linkCopy linkshare_windowsShareBank of Canada Officials Split on Balance of Inflation Risks
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Some Bank of Canada officials are increasingly worried about downside risks to inflation as they decide how to set interest rates, while others see them as more balanced.
linkCopy linkshare_windowsShareBowman Dissent Over Cut Is First From a Fed Governor Since 2005
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Michelle Bowman cast the first dissenting vote by a Federal Reserve governor since 2005, preferring to cut rates by a smaller amount at Wednesday’s policy meeting.
linkCopy linkshare_windowsShareThe Fed’s New Dot Plot After Its September Meeting
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The Federal Reserve’s so-called dot plot, which the US central bank uses to signal its outlook for the path of interest rates, shows the median year-end projection for the federal funds rate fell to 4.38%. The median estimate for the end of 2025 decreased to 3.38%. Fed policymakers on Wednesday cut their benchmark interest rate by 50 basis points.
linkCopy linkshare_windowsShareKey Takeaways From Fed Decision to Cut Rate by Half Point
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Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:
linkCopy linkshare_windowsShareBusiest US Trade Hub Handled Near-Record Imports in August
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The busiest container complex in the US continues to churn through near-record import volumes as businesses bring goods in ahead of potential tariff increases and the threat of a dockworker strike hangs over alternate ports.
linkCopy linkshare_windowsShare
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
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U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
linkCopy linkshare_windowsShareCalifornia Gov. Newsom Signs Laws Regulating Election A.I. ‘Deepfakes’
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The state joins dozens of others in regulating the A.I. fakery in ways that could impact this year’s presidential race.
linkCopy linkshare_windowsShareWhat Fed Interest Rate Cuts Means for Mortgages, Car Loans and More
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Here’s what lowered interest rates will mean for your car loans, credit cards, mortgages, savings and student loans.
linkCopy linkshare_windowsShareAir Mail, Digital Weekly for the Smart Set, Is Said to Be Exploring a Sale
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The company, founded in 2019, is known for its weekend newsletter of deeply reported features, travel recommendations and shopping tips.
linkCopy linkshare_windowsShareCaroline Ellison, Star Witness in FTX Case, Should Receive Lenient Sentence, Prosecutors Signal
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Ms. Ellison, Sam Bankman-Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.
linkCopy linkshare_windowsShareThe Guardian in Talks to Sell The Observer to Tortoise Media
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The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.
linkCopy linkshare_windowsShareF.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
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Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
linkCopy linkshare_windowsShareAlaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.
linkCopy linkshare_windowsShareBoeing Restarts Labor Negotiations as It Seeks End to Strike
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Federal mediators are helping the aerospace manufacturer and leaders of the union representing more than 33,000 workers who went on strike last week reach a deal.
linkCopy linkshare_windowsShareF.D.I.C. and Justice Dept. May Get Tougher on Bank Deals
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The F.D.I.C. is expected to vote on more stringent new rules for takeovers, while the Justice Department plans to overhaul its own guidelines.
linkCopy linkshare_windowsShareBanking Deal Oversight to Get a Major Revamp
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The F.D.I.C. and the Justice Department are changing how they evaluate mergers and acquisitions in the banking industry.
linkCopy linkshare_windowsShareHow the Fed Cutting Interest Rates Affects Banks, Stocks and More
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For corporate America, this week’s expected interest rate cut carries risks along with rewards.
linkCopy linkshare_windowsShareSalesforce Taps Nvidia to Develop AI-Powered Avatars
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The San Francisco companies said the collaboration will develop autonomous-agent and interactive-avatar experiences.
linkCopy linkshare_windowsShareBlackRock, Global Infrastructure Partners, Microsoft, MGX Launch AI Partnership
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The partnership, called the Global AI Infrastructure Investment Partnership, will additionally build out energy infrastructure to create power sources for the facilities, the companies said.
linkCopy linkshare_windowsShareMusk Vows Legal Action After FAA Urges Fines Against SpaceX
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The rocket company’s CEO accuses the Federal Aviation Administration of “regulatory overreach” after the agency alleges the company violated launch regulations.
linkCopy linkshare_windowsShareTransportation Department Blesses Alaska Air-Hawaiian Merger, With Strings
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The carriers secured clearance from the Transportation Department to proceed with their merger, conditioned on the airlines maintaining service on crucial routes, preserving the value of frequent-flier miles and other customer-service guarantees.
linkCopy linkshare_windowsShareU.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
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Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.
linkCopy linkshare_windowsShareUniversal Music Looks to Subscriptions, Superfans for Fresh Growth
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The world’s largest music company laid out a vision to drive revenue growth through 2028.
linkCopy linkshare_windowsSharePhilip Morris to Take $220 Million Loss on Sale of Inhaled-Medicine Unit
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Philip Morris said it expects to record a loss on the sale of its inhaled-therapeutics unit to Molex Asia Holdings as it retools its pharmaceutical business.
linkCopy linkshare_windowsShareCigna Demands FTC Retraction in Escalating Drug-Price Fight
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The FTC report said the companies responsible for controlling spending on drugs were sometimes steering patients toward more expensive medicines.
linkCopy linkshare_windowsShareKingfisher Lifts Lower End of Guidance As Profits Rise
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B&Q owner Kingfisher raised the lower end of its fiscal 2025 profit guidance above market expectations, after the B&Q owner posted higher earnings for the first half, despite weaker sales.
linkCopy linkshare_windowsShareHezbollah's Exploding Pagers: A Controversial Link to Taiwanese Manufacturer and Israeli Tampering
Reports reveal that Hezbollah's pagers, sourced from Taiwanese company Gold Apollo, were tampered with by Israel, leading to deadly explosions. Gold Apollo denies manufacturing the devices, claiming a European firm used its brand. The incident raises serious security concerns for Hezbollah amidst escalating tensions with Israel.
linkCopy linkshare_windowsShareFrom Big Tech to Entrepreneurship: Rohan Bhide's Strategic Path to Launching a Startup in India
Rohan Bhide's journey from Meta to launching a startup in India highlights his strategic career moves aimed at minimizing risks. After gaining diverse experiences in big tech and smaller companies, he is now set to tap into India's booming consumer tech market.
linkCopy linkshare_windowsShareJamie Dimon Urges Youth to Ditch Social Media for Books and Broader Learning
JPMorgan CEO Jamie Dimon criticized TikTok and Facebook as a 'total stupid waste of time' during a conference, urging young people to prioritize reading and learning from history instead. He emphasized the importance of understanding diverse perspectives and the negative impacts of social media.
linkCopy linkshare_windowsShareJudicial Ethics Under Scrutiny: Calls for Reform Amidst Disclosure Failures
Federal Judge Aileen Cannon's failure to disclose her attendance at conservative conferences raises concerns about judicial ethics. Experts highlight the lack of effective enforcement and accountability within the federal judiciary, prompting calls for reform to restore public trust in the justice system.
linkCopy linkshare_windowsShareInto the Woods: A New Glamping Experience Redefining Slow Living in Singapore
Into the Woods, a luxury glamping site on Lazarus Island, Singapore, promotes a slow living lifestyle, allowing guests to unwind and recharge. Co-founders Ray Lee and Sam Wong aim to create a serene escape from city life, despite some limitations in luxury amenities.
linkCopy linkshare_windowsShareSean 'Diddy' Combs Remains Jailed Ahead of Trial Amid Serious Charges and Flight Risk Concerns
Sean 'Diddy' Combs has been ordered to remain in jail until his trial on serious charges, including sex trafficking. Prosecutors argue his wealth and past behavior pose a flight risk and potential witness tampering, leading to a denial of his proposed $50 million bond.
linkCopy linkshare_windowsShareCritical Role's 'Daggerheart' Launch Signals Strategic Growth in Gaming Industry
Critical Role has launched preorders for its new tabletop game 'Daggerheart,' coinciding with the release of D&D's 2024 Player's Handbook. This strategic move highlights Critical Role's growth from a Twitch show to a significant player in the gaming industry.
linkCopy linkshare_windowsShareSenate Democrats Push for IVF Rights Amidst Republican Opposition and Election Tensions
Senate Democrats reintroduced the Right to IVF Act, aiming to establish nationwide IVF rights. However, Republicans blocked the bill, with Democrats urging Trump to support it, highlighting the political maneuvering ahead of the upcoming election.
linkCopy linkshare_windowsShareBurger King: A Transatlantic Taste Test Reveals Menu Variations and Dining Experiences
A comparison of Burger King locations in the UK and US reveals similarities in menu items and portion sizes, but notable differences in offerings, restaurant design, and customer experience. The UK features a more varied menu, including vegetarian options, while the US emphasizes larger portions.
linkCopy linkshare_windowsShareUniversity of Tennessee Introduces Talent Fee on Football Tickets to Support Student-Athlete Compensation
The University of Tennessee is implementing a 10% 'talent fee' on football tickets starting in 2025 to help fund student-athlete compensation. This fee, part of a broader revenue-sharing model, reflects the changing landscape of college sports financing.
linkCopy linkshare_windowsShareFrom Scandal to Success: How Taylor Frankie Paul Transformed Controversy into a Hit Reality Show
Mormon influencer Taylor Frankie Paul leveraged her personal scandals into a successful Hulu reality show, 'The Secret Lives of Mormon Wives.' The series has not only gained massive viewership but also boosted the business prospects of its cast, showcasing the power of controversy in content creation.
linkCopy linkshare_windowsShareAmazon's RTO Policy Forces One Medical to Abandon Hybrid Work Model
Amazon's new return-to-office policy has led to the scrapping of One Medical's recently introduced hybrid work model. Employees will now be required to work in-office five days a week, aligning with Amazon's corporate mandate, causing frustration among staff.
linkCopy linkshare_windowsShareTupperware files for bankruptcy as sales slump
The brand, once so popular it became the name of an entire product category, has seen sales fall as consumer behaviors change and competition increases.
linkCopy linkshare_windowsShareUAW president announces strike vote against Stellantis
The union has filed charges of unfair labor practice and grievances against the Jeep maker, citing abandoned commitments made in 2023.
linkCopy linkshare_windowsShareBiden administration formally extends review of U.S. Steel deal, pushing decision past election
The Biden administration extended its review of Nippon Steel’s proposed takeover of U.S. Steel, effectively pushing a final presidential decision past Election Day.
linkCopy linkshare_windowsShareFAA to fine SpaceX for breaking launch rules, drawing rebuke from Musk
The Federal Aviation Administration wants to fine Elon Musk’s SpaceX $633,009 for allegedly failing to follow license requirements in two recent launches.
linkCopy linkshare_windowsShareHouse to vote Wednesday on doomed GOP bill to avert government shutdown
Speaker Mike Johnson's GOP government funding bill will come to the floor, but probably without enough votes. A Sept. 30 shutdown deadline looms.
linkCopy linkshare_windowsShareWhat to know about the hearing into the Titan submersible disaster
The Coast Guard hearing into the deadly 2023 implosion has revealed questions over the Titan’s safety and the submersible’s last messages to the surface.
linkCopy linkshare_windowsShareGenerations of workers coveted Boeing jobs. Strike reveals how much has changed.
Striking workers say a sense of shared prosperity has all but evaporated in the past two decades as company managers focused on financial performance.
linkCopy linkshare_windowsShareData centers are everywhere. What it’s like to work in one.
Often seen as the “invisible” workforce behind the scenes, data center workers are critical to the operation of modern technology and the future of AI.
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2%
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UK inflation held at just above the Bank of England’s 2% target in August. Consumer prices rose 2.2% from a year earlier and services inflation rose to 5.6% in August from 5.2% in July, the Office for National Statistics said Wednesday. Bloomberg’s Lizzy Burden, Tom Mackenzie and Guy Johnson discuss.
linkCopy linkshare_windowsShareCampari Chief Fantacchiotti Resigns After Short Stint at Helm
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Davide Campari NV Chief Executive Officer Matteo Fantacchiotti has resigned with immediate effect after a short stint at the helm of the Italian beverages group.
linkCopy linkshare_windowsShareOdd Lots: Pimco’s Dan Ivascyn on Fed Day and Beyond (Podcast)
Source: Bloomberg, 46:46
linkCopy linkshare_windowsShareLooking Ahead to the BOE Rate Decision
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The Bank of England will announce its latest policy decision on Thursday. The central bank is expected to hold its key rate steady. Bloomberg’s Lizzy Burden breaks down what to expect.
linkCopy linkshare_windowsShareSolar Panel Maker Meyer Burger to Cut Jobs, Sacks Top Executives
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Meyer Burger Technology AG announced a deep restructuring plan and changed its top executives, in the latest attempt to return to profitability for the ailing Swiss solar panel maker.
linkCopy linkshare_windowsShareAttack: The Bloomberg Open, Europe Edition
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Good morning. Hezbollah says Israel was behind the pager blasts in Lebanon. Germany is sticking to a plan to sell its entire stake in Commerzbank. And the Fed is expected to cut rates today—but by how much?
linkCopy linkshare_windowsShareHow $90,000 Jeeps Made a Fool Out of Me
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Excessive vehicle prices and unhappy stakeholders have taken the shine off Stellantis chief Carlos Tavares.
linkCopy linkshare_windowsShareViktor Orban’s Big Bet on EVs Isn’t Quite Going to Plan
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Hungary has more at stake on a quick transition than any country in Europe, and the slowdown is now taking its toll on the economy.
linkCopy linkshare_windowsShareHarris Would Be More Business Friendly Than Biden, Says Evercore’s Schlosstein
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Ralph Schlosstein, chairman emeritus of Evercore, joins this week’s episode of Voternomics to discuss what Harris and Trump administrations would mean for boardrooms.
linkCopy linkshare_windowsShareHow 7-Eleven Can Get a Big Price From Circle K
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Seven & i must do more than talk to push suitor Couche-Tard to offer a full price. Now is the time to get on with things it should have done long ago.
linkCopy linkshare_windowsShareUK Must Crack Down on Illegal Vapes, Says Tobacco Boss
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The UK government should be cracking down on illegal vapes rather than introducing redundant policies on cigarettes, according to a senior executive at British American Tobacco Plc
linkCopy linkshare_windowsShareWizz Air Tells Long-Haul Passengers Nothing Comes for Free
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Wizz Air Holdings Plc has a message for anyone considering the budget airline’s seven-hour flight to Saudi Arabia next year: If you want frills, bring your own.
linkCopy linkshare_windowsShareNo Bail For Diddy, Fed Rate Cut Bets, More
Source: Bloomberg, 4:57
linkCopy linkshare_windowsShareDalio Sees Quarter-Point Fed Cut as ‘Right Thing’ for Creditors
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Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve this week.
linkCopy linkshare_windowsShareBloomberg Daybreak Asia: APAC Markets Brace for Fed (Podcast)
Source: Bloomberg, 19:42
linkCopy linkshare_windowsShareBloomberg Talks: Ray Dalio (Podcast)
Source: Bloomberg, 15:09
linkCopy linkshare_windowsSharewill.i.am Launches New AI-Powered Radio System
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Singer and songwriter will.i.am has launched an ai-powered, interactive set of radio stations called RaiDio.FYI. He say it really lets listeners stay in tune with their community and get a very personalized experience. He's on "Bloomberg The Close." (Source: Bloomberg)
linkCopy linkshare_windowsShare25 Would be About Right: Peterson on Fed Expectation
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Dana Peterson, The Conference Board Chief Economist, shares that she believes the Federal Reserve will cut rates by 25 basis points and explains this decision is not political. Peterson states that anything more than 25 basis point would spook markets, and weighs in on where she thinks the economy will be when the next President takes office in 2025. She speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
linkCopy linkshare_windowsShareLegislative Malpractice: Sen. Hagerty on Shutdown Worry
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Republican Senator of Tennessee, Bill Hagerty, states that Congress should have been doing their jobs weeks ago as both the House and Senate race to avoid a government shutdown. He also claims this is legislative malpractice as members of Congress need to focus on campaigning ahead of Election Day. Senator Hagerty speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
linkCopy linkshare_windowsShareAustralia's Harvey Norman served with class action over warranties
Australia's biggest appliance retailer Harvey Norman and one of its units have been served with a class action lawsuit on behalf of consumers who were allegedly sold bad warranties, law firm Echo Law said on Wednesday.
linkCopy linkshare_windowsShareUltra-weak home prices in northern China arrive in southern powerhouses
Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China's property crisis spreads, Hegang's basement prices are showing up in wealthier regions in a new threat to the economy.
linkCopy linkshare_windowsShareAmazon names 25-year veteran Kumar as new India head
Amazon.com named 25-year veteran Samir Kumar as its new India head on Wednesday, replacing Manish Tiwary who stepped down after an eight-year stint last month.
linkCopy linkshare_windowsShareVietnam's top leader Lam to meet Google, Meta in US next week, sources say
Vietnam's president and ruling Communist Party chief To Lam is set to meet representatives from several U.S. corporations, including Google and Meta, during a visit to the United States next week, two people briefed about the plans told Reuters.
linkCopy linkshare_windowsShareTraders brace for least predictable Fed meeting in years
Traders in global financial markets are facing extraordinary uncertainty as they await the U.S. Federal Reserve's expected rate cut on Wednesday, setting up markets for a burst of volatility.
linkCopy linkshare_windowsShareWith Fed's rate cut at hand, debate swirls over how big a move
Whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air.
linkCopy linkshare_windowsShareBridgewater's Dalio and Singapore's GIC chief cautious on global outlook
Ray Dalio, founder of the world's largest hedge fund, and Lim Chow Kiat, the boss of Singapore's sovereign wealth fund GIC are increasingly cautious on the year ahead due to political risk and uncertain global growth prospects.
linkCopy linkshare_windowsShareMorning Bid: Traders still guessing in final Fed countdown
A look at the day ahead in European and global markets from Kevin Buckland
linkCopy linkshare_windowsShareCanadian union, GM extend contract talks deadline, averting strike at Ontario plant
Canadian labor union Unifor extended its deadline for contract negotiations with General Motors on Tuesday, averting a strike at the plant in Ingersoll, Ontario that makes electric vehicles and batteries.
linkCopy linkshare_windowsShareMeta faces hefty EU antitrust fine over classified ads practices, FT reports
Meta Platforms Inc is facing a hefty fine in the EU over its alleged efforts to dominate the classified advertising market, the Financial Times reported on Wednesday, citing people familiar with the matter.
linkCopy linkshare_windowsShareHow migrant workers suffered to craft the 'Made in Italy' luxury label
Reuters spoke to seven workers and three union leaders who said harsh working conditions were a feature of the supply chain in Tuscany.
linkCopy linkshare_windowsShareBoeing, striking union set to resume contract talks on Wednesday
Boeing and its largest union will resume contract talks on Wednesday in the presence of federal mediators, after failing to agree on key issues of wages and pensions on Tuesday, the International Association of Machinists and Aerospace Workers said.
linkCopy linkshare_windowsShareDollar drops vs yen, Asia stocks struggle as Fed looms
The dollar ceded some of its overnight gains on Wednesday while Asian stocks struggled as traders weighed the odds of a super-sized Federal Reserve interest rate cut later in the day.
linkCopy linkshare_windowsShareExplainer: How would Japan's ruling party race affect BOJ rate hike timing?
Japan's ruling party leadership race, which will determine who becomes next prime minister, could complicate the central bank's plan to normalise ultra-loose monetary policy.
linkCopy linkshare_windowsShareJapan's exports slow sharply, machinery orders shrink in blow to economic recovery
Japan's export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.
linkCopy linkshare_windowsShareUS decision on Nippon bid for US Steel pushed back to after Nov election, sources says
The U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S. Steel let the companies refile their application for approval of the deal, a person familiar with the matter said, delaying a decision on the politically sensitive merger until after the Nov. 5 presidential election.
linkCopy linkshare_windowsShareExclusive: Inside the US push to steer Vietnam's subsea cable plans away from China
The United States is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.
linkCopy linkshare_windowsShareExclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.
linkCopy linkshare_windowsShareBiden won't block potential strike at East Coast ports, administration official says
U.S. President Joe Biden does not intend to invoke a federal law to prevent a port strike on the East Coast and Gulf of Mexico if dockworkers fail to secure a new labor contract by an Oct. 1 deadline, an administration official said on Tuesday.
linkCopy linkshare_windowsShareUS economy on solid ground as retail sales surprise on the upside
Retail sales increased 0.1% last month after an upwardly revised 1.1% surge in July.
linkCopy linkshare_windowsShareJPMorgan in Talks With Apple to Take Over Credit Card From Goldman
JPMorgan could become the new Apple credit-card issuer, but is seeking concessions from the tech company.
linkCopy linkshare_windowsShareThe Battle Brewing Over Blood Tests for Cancer
Positive results of a colon cancer study conducted by Exact Sciences prompt the CEO of competitor Guardant Health to publicly challenge his rival to a bet.
linkCopy linkshare_windowsShareKroger Antitrust Case Could Open Up New Bag of M&A Possibilities
A victory for the Federal Trade Commission, set to conclude Tuesday, could pave the way for an Amazon buying spree.
linkCopy linkshare_windowsShareSalesforce Needs to Sell Its Latest AI Vision
The cloud pioneer hopes AI agents make a splash at its Dreamforce conference and rejuvenate growth prospects.
linkCopy linkshare_windowsShareHorizons Middle East & Africa 09/18/2024
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Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
linkCopy linkshare_windowsShareThailand Says $78 Billion Borrowing Plan Won’t Crowd Market
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Thailand’s government pledged to ensure its $78 billion borrowing plan in the next fiscal year won’t crowd out the private sector.
linkCopy linkshare_windowsShareSteve Cohen Stops Trading for Point72, Marking End of an Era
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Steve Cohen has stepped away from the trading floor.
linkCopy linkshare_windowsShareTaiwan’s $4 Billion Takeover Battle Hits Snag With Rejection of Financial Firm’s Bid
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Shares of Taiwan’s CTBC Financial Holding Co. gained and Shin Kong Financial Holding Co.’s fell after a bid to create the island’s biggest financial group was blocked.
linkCopy linkshare_windowsSharePGA Tour’s Saudi Deal Drags On With Players Arguing Over Pay
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Talks between the PGA Tour and the Saudi-backed LIV Golf have dragged on for over a year since their shock deal announcement, with one detail still problematic: getting players to agree on who gets to keep their millions. Bloomberg News' Christine Burke discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)
linkCopy linkshare_windowsShareOil Edges Lower With US Stockpiles and Mideast Tensions in Focus
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Oil edged lower following a two-day gain as traders assessed indications of higher US crude stockpiles, sustained tensions in the Middle East, and the likely course of the Federal Reserve’s rate path.
linkCopy linkshare_windowsShareHedge Fund Titans Breed a $14 Billion Pack of Startup Cubs
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The hedge-fund startups have a lot of investor cash, but no guarantee of replicating their parent firms’ success.
linkCopy linkshare_windowsShareGryphon’s Du Plessis Is Lone Outlier on South African Rate Cut
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Economists are almost unanimous that the South African Reserve Bank will deliver a 25-basis-point interest-rate cut on Thursday. Almost, but not quite.
linkCopy linkshare_windowsShareYen Rises, Stocks Are Mixed as Fed Decision Nears: Markets Wrap
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The yen strengthened, recouping much of Tuesday’s losses, amid a largely directionless Asian session as traders debated the size of a potential Federal Reserve interest-rate cut. Stocks were mixed.
linkCopy linkshare_windowsShareFTSE 100 Live: UK Inflation Stays at 2.2% in August
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Shoppers at a fruit and vegetable market stall on Electric Avenue in the Brixton area of London, UK, on Friday, Sept. 22, 2023. As London flourished as a financial hub over the last two decades and house prices soared, it was many of the residents so key to its cultural and economic success who were hit the hardest. Photographer: Ayesha Kazim/Bloomberg
linkCopy linkshare_windowsShareScaramucci Expects Bitcoin Record on Rate Cuts, Clearer US Rules
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Hedge fund manager Anthony Scaramucci projected record highs for Bitcoin fueled by a combination of interest-rate cuts and US crypto regulatory clarity in the wake of November’s presidential election.
linkCopy linkshare_windowsShareCG Corp Global's Chaudhary on Wai Wai IPO
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CG Corp Global Chairman Binod Chaudhary says CG Foods India will go for a pre-ipo in early 2025 and full IPO in 2026. He speaks with Haslinda Amin in an Exclusive interview from the sidelines of the 2024 Milken Institute Asia Summit. (Source: Bloomberg)
linkCopy linkshare_windowsShareDalio Downplays Fed’s Next Move as Investors Warn of China Risks
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The size of the Federal Reserve’s interest rate cut this week won’t be a game changer for global investors, though risks from China’s slowdown continue to weigh on their minds, according to participants at a regional forum.
linkCopy linkshare_windowsSharePhilippines Plans Large RRR Cut This Year After Easing Pivot
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The Philippine central bank is looking to cut banks’ reserve requirement ratio significantly before yearend, according to Governor Eli Remolona, a move that’s expected to unleash billions of pesos into the financial system.
linkCopy linkshare_windowsShareFive Things You Need to Know to Start Your Day: Europe
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Get up to speed with what the markets are monitoring
linkCopy linkshare_windowsShareBloomberg: The China Show 9/18/2024
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“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)
linkCopy linkshare_windowsShareMalaysia Eyes LNG Imports To Support Energy Needs
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Malaysia Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad says it's looking into liquefied natural gas imports to support the country's energy needs. He speaks with Haslinda Amin from the sidelines of the 2024 Milken Institute Asia Summit. (Source: Bloomberg)
linkCopy linkshare_windowsShareBridgewater's Dalio, Cain's Goldstein, Milken's Lee on Fed Next Move
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Bridgewater Associates founder Ray Dalio, Cain International CEO Jonathan Goldstein and Milken Institute chief economist William Lee discuss the Federal Reserve's possible next rate move on Bloomberg Television. (Source: Bloomberg)
linkCopy linkshare_windowsShareChinese Stocks Fluctuate as Mainland Markets Reopen After Break
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Chinese stocks listed on mainland markets were little changed after a holiday break, shrugging off the gains in Hong Kong equities amid calls for major economic stimulus.
linkCopy linkshare_windowsShareParched Fields Threaten Wheat Sowing in Key Black Sea Region
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Dried out soils in Russia and Ukraine are threatening plantings for next year’s wheat harvest, yet another headache for farmers hit by weather setbacks and the ongoing war.
linkCopy linkshare_windowsShareHot Spots From Yen Carry Trade to Resurgent EM Asia Gird for Fed
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A potential decision by the Federal Reserve this week that triggers a rally in the yen may unsettle emerging-market investors, reviving memories of the global volatility seen in August.
linkCopy linkshare_windowsShareBank of Canada’s Rogers Says Inflation Battle Isn’t Over Yet
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The Bank of Canada’s second-in-command said policymakers still want to see more progress on core inflation measures, even with the primary measure of price pressures back to the central bank’s 2% target.
linkCopy linkshare_windowsShareChanel Buys Building on Paris’ Upscale Avenue Montaigne
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Chanel bought a building on avenue Montaigne, a high-profile shopping destination in Paris, as European luxury players swoop in to secure prime real estate for their boutiques.
linkCopy linkshare_windowsShareBakrie: Private Sector Key In Generating Prosperity
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Bakrie & Brothers CEO & President Director Anindya Novyan Bakrie says the private sector will play a key role in generating prosperity in Indonesia. He speaks with Yvonne Man and David Ingles from the sidelines of the 2024 Milken Institute Asia Summit. (Source: Bloomberg)
linkCopy linkshare_windowsShareCapital Group's Jonsson: Stay Focused On Long-Term
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Capital Group Vice Chair Jody Jonsson says investors should separate short-term excitement from long-term investment opportunities. She speaks with Haslinda Amin from the sidelines of the 2024 Milken Institute Asia Summit. (Source: Bloomberg)
linkCopy linkshare_windowsShareChinese Chip Stocks Jump After Claims of Equipment Breakthrough
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Chinese chip-related stocks jumped after the nation claimed a breakthrough in the development of homegrown semiconductor-making equipment, a step in overcoming US sanctions.
linkCopy linkshare_windowsShareSolar panel maker Meyer Burger's CEO and CFO leave company
Meyer Burger's CEO and CFO are leaving the company, it said on Wednesday, as part of a restructuring programme that will also see 200 jobs cut at the Swiss solar panel maker.
linkCopy linkshare_windowsShareTupperware files for bankruptcy as its colorful containers lose relevance
Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses.
linkCopy linkshare_windowsShareIndian shares tread water ahead of Fed policy decision
Indian shares were little changed on Wednesday and are expected to tread water through the session ahead of the U.S. Federal Reserve's rate decision and commentary due after market hours.
linkCopy linkshare_windowsShareOil prices steady, with investors focusing on Fed decision
Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.
linkCopy linkshare_windowsShareMorning Bid: Fed's close call - the waiting is almost over
A look at the day ahead in Asian markets.
linkCopy linkshare_windowsShareSteve Cohen stops trading for hedge fund Point72
Steve Cohen, billionaire founder of Point72 Asset Management, has stopped trading at the hedge fund although he is still making investment decisions as a co-chief investment officer alongside Harry Schwefel, a spokesperson said.
linkCopy linkshare_windowsShareFed to go big on first rate cut, traders bet
They expect two half-point rate cuts and one quarter-point cut over the rest of 2024.
linkCopy linkshare_windowsShareUS manufacturing output rebounds in August
Production at U.S. factories surged in August amid a rebound in motor vehicle output, but data for the prior month was revised lower, suggesting that manufacturing continued to tread water.
linkCopy linkshare_windowsShareS&P 500 ends little changed as early gains fade before Fed decision
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors braced for the first Federal Reserve rate cut in 4-1/2 years.
linkCopy linkshare_windowsShareUK Inflation Steady at 2.2% Leaves Door Open for Rate Cuts
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UK inflation held at just above the Bank of England’s 2% target in August, cementing expectations that policymakers will cut interest rates again later this year.
linkCopy linkshare_windowsShareJapan’s Export Growth Slows as External Demand Moderates
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Japan’s export growth slowed, with shipments to the US slipping for the first time in almost three years in an outcome underscoring the mixed prospects for Japan’s economic recovery.
linkCopy linkshare_windowsShareFed Cut to Serve as Starting Gun for Central Banks Across Asia
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After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.
linkCopy linkshare_windowsShareAustralia Central Bank to Focus on Wholesale Digital Currency Rather Than Retail
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The Reserve Bank of Australia said it will focus on the possible use cases for a wholesale central bank digital currency given the modest likely benefits and potential complications from a retail variant.
linkCopy linkshare_windowsShareIreland Needs to Build 52,000 Homes Per Year, Central Bank Warns
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Ireland could need to complete around 52,000 new homes each year until 2050 to house the country’s growing population, according to the central bank, a figure that far exceeds current government targets of 33,000 annually.
linkCopy linkshare_windowsShareFed to Kick Off Rate Cuts, Signal Next Steps
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The Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year.
linkCopy linkshare_windowsShareFed Cuts Will Usher in Weaker Dollar, Point72’s Drossos Says
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The US dollar is entering a downward trend as the Federal Reserve starts lowering borrowing costs and signs of optimism emerge in other parts of the world, according to Sophia Drossos, a strategist and economist at Point72 Asset Management.
linkCopy linkshare_windowsShareIndonesia Central Bank Set for Dovish Hold, With Eyes on the Fed
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Indonesia’s central bank is approaching the point where it can start easing borrowing costs as the rupiah keeps strengthening and inflation stays modest. Most economists aren’t convinced that it will happen this week though, before the expected US rate cut.
linkCopy linkshare_windowsShareJPMorgan’s Dimon Says Fed Rate Cut Won’t Be ‘Earth-Shattering’
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.”
linkCopy linkshare_windowsShareUS Bank Merger Deals Face Tougher Scrutiny for US Approval
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US bank mergers will face steeper regulatory hurdles under new guidelines from three agencies, the latest in the Biden administration’s effort to clamp down on consolidation by financial firms.
linkCopy linkshare_windowsShareIMF Says Supports Kenyan Efforts for Policies to Complete Review
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An International Monetary Fund staff team has concluded a six-day visit to Kenya, where it held discussions on recent developments and policies to manage emerging challenges in the East African nation, according to an emailed statement from the lender.
linkCopy linkshare_windowsShareBank of France Predicts Inflation Will Slow to 1.5% Next Year
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The Bank of France cut its forecast for French inflation next year to well below the European Central Bank’s 2% target, adding to signals encouraging policymakers to pursue interest-rate cuts.
linkCopy linkshare_windowsShareBond Traders Favor Half-Point Cut in Fed’s ‘Coin Flip’ Decision
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Bond traders are favoring bets the Federal Reserve will kick off its interest-rate cutting cycle with a half-point move this week as debate rages on over whether officials can pull off a rare soft landing.
linkCopy linkshare_windowsShareBrazil’s Tightening Cycle Set to Miss Market Forecast, JPM Says
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Brazil will raise interest rates less than traders expect as the Federal Reserve’s easing cycle provides a ‘Goldilocks’ scenario for risk assets, according to the head of Latin America economic research at JPMorgan & Chase Co.
linkCopy linkshare_windowsShareBOE Needs to Ease Stigma of Repo Facility, Federated Hermes Says
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The Bank of England needs to shift the perception that its liquidity facilities for banks are primarily crisis-management tools, according to Debbie Cunningham, chief investment officer for global liquidity markets at Federated Hermes.
linkCopy linkshare_windowsShareDutch Government Reduces Income Tax to Boost Purchasing Power
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The Dutch government said it will lower income tax to boost purchasing power and reintroduce some of the perks previously enjoyed by expatriates to improve the business climate.
linkCopy linkshare_windowsShareEvercore’s Hyman Says He’ll Be ‘Shocked’ If Fed Cut Isn’t Half a Point
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Evercore ISI’s Ed Hyman, one of Wall Street’s most closely watched and decorated economists, expects the Federal Reserve to cut interest rates by a half-point on Wednesday and to ultimately engineer a soft landing.
linkCopy linkshare_windowsShareBrazil Braces for Hawkish Central Bank Chief Just as Fed Readies Rate Cuts
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The new power broker in Brazil’s central bank, Gabriel Galipolo, has made a radical transformation to anti-inflation crusader over the past few weeks. In so doing, Galipolo, who’s been tapped to take the top job at the bank, has upended the outlook for monetary policy in Latin America’s largest economy.
linkCopy linkshare_windowsShareSNB Should Distribute Profits Directly to Citizens, Study Says
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The Swiss National Bank should distribute its profits directly among citizens in order to take politics out of the decision of how much it hands out, a Swiss pro-market think tank said.
linkCopy linkshare_windowsShareDartmouth Kicks Off $500 Million Investment to Tackle Campus Housing Crunch
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Dartmouth College is investing more than $500 million in its campus over the next five years to tackle a local-housing shortage.
linkCopy linkshare_windowsShareConfidence Rises Among US Home Builders as They Await Fed Move
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Confidence among US home builders rose in September for the first time in six months, just before the Federal Reserve is expected to cut interest rates from the current two-decades high.
linkCopy linkshare_windowsShareUS Retail Sales Post Surprise Gain, Helped by Online Stores
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US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants.
linkCopy linkshare_windowsShare
Donald Trump Rolls Out World Liberty Financial, a New Crypto Venture
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In a livestream, Donald Trump formally introduced World Liberty Financial, a crypto venture led by two digital currency entrepreneurs with little experience running high-profile businesses.
linkCopy linkshare_windowsShareIntel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts
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The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with Amazon and would pause some initiatives.
linkCopy linkshare_windowsShareYouTube CEO Neal Mohan Testifies Google Faces Plenty of Ad Tech Competition
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Kicking off the second week of an antitrust trial, Neal Mohan testified that Google did what was best for consumers and the ad industry.
linkCopy linkshare_windowsShare“Shogun” Emmy Win Lifts FX Past Bigger Rivals
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The network has been a darling among critics for years. But it hit a new high on Sunday, with “Shogun” winning best drama and “The Bear” picking up several awards as well.
linkCopy linkshare_windowsShareBig Energy Issue in Pennsylvania Is Low Natural Gas Prices. Not Fracking.
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Energy businesses and farmers in western Pennsylvania are struggling because of prices, an issue that has not figured prominently in the campaigns of Donald J. Trump and Kamala Harris.
linkCopy linkshare_windowsShareHow SMIC, China’s Semiconductor Champion, Landed in the Heart of a Tech War
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Efforts by the Beijing-backed Semiconductor Manufacturing International Corporation, or SMIC, to break through innovation barriers have landed it in a geopolitical tech battle.
linkCopy linkshare_windowsShareAs Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
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The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
linkCopy linkshare_windowsShareMeta Plans to Ban the Russian TV Network RT
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The Facebook and Instagram owner said it would bar Russian media outlets including RT, which the U.S. has accused of acting as an intelligence arm.
linkCopy linkshare_windowsShareChina’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
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The shrinking population poses threats to growth but has opened opportunities for businesses that serve seniors.
linkCopy linkshare_windowsShareTony Robbins Backs the Estate, a Chain of Luxury Wellness Resorts
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The self-help guru is joining the hotel mogul Sam Nazarian to open a chain of luxury preventive-medicine resorts, aiming for a slice of the $5.6 trillion wellness industry.
linkCopy linkshare_windowsShareAmazon Tells Employees to Return to Office Five Days a Week
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The internet giant told employees on Monday that it expected them to return to the office full-time in January.
linkCopy linkshare_windowsShareTikTok Faces Tough Questions From Judges in Fight Over U.S. Ban
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TikTok on Monday pushed back against a law that would force the popular video app to sell to a non-Chinese owner or be banned, in what is shaping up to be a landmark case.
linkCopy linkshare_windowsShareThierry Breton, Top E.U. Commissioner, Resigns, Citing ‘Questionable Governance’
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The surprise resignation of Thierry Breton came after he accused Ursula von der Leyen, president of the European Commission, of pressuring France to nominate another candidate instead of him for commissioner.
linkCopy linkshare_windowsShareBoeing Will Cut Spending as Strike Takes Financial Toll
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More than 33,000 Boeing workers went on strike last week after rejecting a tentative contract the company had negotiated with their unions.
linkCopy linkshare_windowsShareA.I. Pioneers Call for Protections Against ‘Catastrophic Risks’
Scientists from the United States, China and other nations called for an international authority to oversee artificial intelligence.
linkCopy linkshare_windowsShareHarland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
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For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.
linkCopy linkshare_windowsShareAre Voters Feeling Better About the Economy?
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After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new surveys show. That could give an edge to Vice President Kamala Harris.
linkCopy linkshare_windowsShareWill TikTok Be Banned in January? That Question is Headed to Court
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TikTok will be in federal court on Monday, aiming to block a new law that will ban the popular video app in the United States early next year.
linkCopy linkshare_windowsShareFuture of Murdoch Empire Comes Down to a Court in Nevada
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A probate official will hear evidence in a clash between Rupert Murdoch and some of his children over who should control his media companies after he dies.
linkCopy linkshare_windowsShareAmazon Shifts Back to Assigned Desks, Reinforcing Return-to-Office Mandate
Amazon is reversing its hot desking policy, reinstating assigned desks for headquarters staff as part of its return-to-office strategy. CEO Andy Jassy emphasized the need for fixed workspaces, mandating employees to work in the office five days a week starting January.
linkCopy linkshare_windowsShareStarbucks Restructures Leadership as North America CEO Michael Conway Retires After Eight Months
Michael Conway, Starbucks' North America CEO, is retiring after just eight months, with no replacement planned. Sara Trilling will take over regional retail operations as the company aims to streamline leadership for better efficiency amid ongoing operational challenges.
linkCopy linkshare_windowsShareTrump Targets Crypto Voters with New Cryptocurrency Platform Ahead of 2024 Election
Donald Trump is positioning himself as the 'crypto candidate' with the launch of World Liberty Financial, a new cryptocurrency platform. He aims to attract crypto enthusiasts ahead of the 2024 election, emphasizing the importance of the U.S. leading in the crypto space.
linkCopy linkshare_windowsShareUS-Taiwan Military Shipment Scandal: Moldy Gear and Damaged Equipment Raise Concerns
A report reveals that the US sent Taiwan damaged military equipment, including moldy body armor and machine guns, due to delays in shipment. This incident risks undermining US-Taiwan relations amid rising tensions with China.
linkCopy linkshare_windowsShareOpenAI Restructures Safety Committee: A Step Towards Enhanced AI Governance
Sam Altman's departure from OpenAI's Safety and Security Committee marks a significant shift towards independent oversight, addressing criticisms regarding AI governance. The revamped committee aims to enhance accountability in AI model launches amidst ongoing scrutiny of OpenAI's practices.
linkCopy linkshare_windowsShareAmazon's Strategic Shift: Reducing Management Layers to Boost Efficiency and Agility
Amazon plans to reduce the number of managers by increasing the ratio of individual contributors to managers by 15% by early 2025. This restructuring aims to streamline operations, eliminate unnecessary layers, and enhance decision-making efficiency.
linkCopy linkshare_windowsShareAmazon Enforces Strict Return-to-Office Policy, Mandating Five Days in the Office
Amazon's new policy mandates corporate employees to return to the office five days a week starting January 2025, emphasizing the importance of in-person collaboration. The internal FAQ document outlines the policy's details, including the withdrawal of remote work benefits and expectations for workspace arrangements.
linkCopy linkshare_windowsSharePolaris Dawn: A Historic Leap in Commercial Space Exploration and Scientific Innovation
SpaceX's Polaris Dawn mission marked a significant milestone in commercial space exploration, featuring the first private spacewalk and groundbreaking scientific experiments. The mission, funded by billionaire Jared Isaacman, aimed to advance human space travel and prepare for future lunar and Martian expeditions.
linkCopy linkshare_windowsShareFormer MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud, Faces Prison Time
Mitch Lowe, the former CEO of MoviePass, has pleaded guilty to securities fraud conspiracy, admitting to misleading investors and contributing to the company's bankruptcy. He faces up to five years in federal prison as he seeks to move forward with his life.
linkCopy linkshare_windowsShareLouisiana's Shrimp Industry on the Brink: Local Catches Unable to Compete with Imports
Louisiana's shrimp industry faces extinction as local catches of 70 million tons fall short of surging US demand, which is largely met by cheap, farmed imports. Shrimpers struggle with low dock prices and high fuel costs, raising concerns about the industry's future.
linkCopy linkshare_windowsShareTrump's Narrow Lead in Iowa Signals Potential Challenges Ahead in 2024 Election
A recent Iowa poll reveals Donald Trump's lead over Kamala Harris has narrowed to just four points, indicating potential vulnerabilities in his reelection campaign. The poll highlights significant shifts in voter demographics, particularly among women and younger voters, raising concerns for Trump's overall electoral strategy.
linkCopy linkshare_windowsShareAmazon tells staff to return to office five days a week
Amazon CEO Andy Jassy shared a message announcing the new return-to-office policy, telling employees they will be expected to be in the office five days a week starting Jan. 2.
linkCopy linkshare_windowsShareTrump Talks Golf Course Gunman, Amazon Shakeup, More
wSource: Bloomberg, 6:13
linkCopy linkshare_windowsShareTwo Sinochem Oil Refineries Declared Bankrupt as Margins Plunge
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Two oil refiners in China run by chemical conglomerate Sinochem Group Co. were declared bankrupt, highlighting the headwinds older units face as margins plummet.
linkCopy linkshare_windowsShareHedge Funds Brevan Howard, Millennium Boost Japan Trading Ranks
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Hedge fund firms including Brevan Howard Asset Management LLP and Millennium Management LLC continue to boost their ranks of Japan-focused traders after economic and monetary policy swings roiled markets.
linkCopy linkshare_windowsShareJapan Finance Minister Plays Down Seven & I’s ‘Core’ Designation
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Any company that seeks to take over a Japanese business will require prior notification to the government, making it hard to say that Seven & i Holdings Co.’s designation as “core” to national security would make any buyout deal difficult, Finance Minister Shunichi Suzuki said.
linkCopy linkshare_windowsShareBloomberg Daybreak Europe: Rate Uncertainty In 15 Years(Podcast)
Source: Bloomberg, 16:39
linkCopy linkshare_windowsShareCustom Chip: The Bloomberg Open, Europe Edition
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Good morning. Intel shares jump on an Amazon chip deal. Iraq’s PM says US troops are no longer needed. And Sadiq Khan has plans to pedestrianize Oxford Street.
linkCopy linkshare_windowsShareRate Uncertainty Highest Since 2007, Amazon Ends WFH, More
wSource: Bloomberg, 6:50
linkCopy linkshare_windowsShareIraq PM Says Oil Pipeline Is Beset by Cost Disagreements
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Iraqi Prime Minister Mohammed Shia Al-Sudani says there are cost disagreements over a key oil pipeline to Turkey that’s been shut for over a year. Baghdad won a long-standing arbitration case on oil exports from semi-autonomous Kurdistan, but hasn’t been able to strike an agreement over how much to pay international oil companies operating there for their production. “We have to look at how to balance those issues,” Al-Sudani said during an interview with Bloomberg’s Joumanna Bercetche. (Part-Ar
linkCopy linkshare_windowsShareTrump Assassination Case Update, Intel-Amazon Deal, More
Source: Bloomberg, 5:22
linkCopy linkshare_windowsShareNorway’s Oil Capital Stavanger Feels the Squeeze as Krone Slides
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The Norwegian currency has lost about a fifth of its value against the euro since 2022. That’s causing upset in one of the world’s wealthiest — and priciest — countries.
linkCopy linkshare_windowsShareUpdate on Trump Threat, Intel-AWS Partnership, More
Source: Bloomberg, 5:16
linkCopy linkshare_windowsShareTrump Unveils Crypto Project, Says US Should Dominate Sector
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Donald Trump headlined an event billed as the unveiling of a crypto platform promoted by the Republican nominee and his sons, putting the spotlight on a niche sector of digital assets with a history of controversy.
linkCopy linkshare_windowsShareBloomberg Daybreak Asia: Intel-AWS Deal, Trump Update (Podcast)
Source: Bloomberg, 22:03
linkCopy linkshare_windowsShareMillennium Hires Former Citigroup APAC Equity Trading Head
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Millennium Management has hired former Citigroup Inc. equity trading executive Arnaud Leteissier as a senior portfolio manager, according to people with knowledge of the matter.
linkCopy linkshare_windowsShareDBS Posts 300% Growth in Semi-Liquid Fund Sales in Greater China
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DBS Group Holdings Ltd. saw sales of its semi-liquid fund products to Greater China spike this year and expects demand to remain high as investors boost allocation for alternative assets.
linkCopy linkshare_windowsShareVision is Wrong: MacGuineas on Harris, Trump Proposals
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Maya MacGuineas, Committee for a Responsible Federal Budget President, discusses both Vice President Kamala Harris' and former President Donald Trump's policy proposals and states that Trump's proposals will be worse for the United States' debt and deficit. She also talks about Trump's proposed tariffs and if they will be beneficial. She speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
linkCopy linkshare_windowsShareBetsey Stevenson on Harris Meeting with Teamsters Union
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Betsey Stevenson, University of Michigan Professor of Public Policy and Economics, discusses Vice President Kamala Harris meeting with Teamsters union President Sean O'Brien to determine if O'Brien will endorse a candidate for President. Stevenson states it's worth noting how tough the union is about who they choose to endorse, and talks about how growing support of unions from the public has impacted how they bargain. She speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
linkCopy linkshare_windowsShareChina’s Grip on Rare Earths Undercuts Challengers
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Good morning, it’s Amy in Melbourne with your Tuesday newsletter. Today’s must-reads:• The rare earths challenge• China’s demand for Aussie wheat • The caseagainst social media age limits
linkCopy linkshare_windowsShareUS Says Google Saw Ad Startup as a ‘Threat’ — And Bought It
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Google bought advertising technology provider AdMeld in 2011 because the search giant saw the startup as a “threat” to its online display ad strategy, antitrust enforcers sought to show at trial Monday.
linkCopy linkshare_windowsShareIndonesia's trade surplus beat forecast in Aug
Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday.
linkCopy linkshare_windowsShareUS and Japan near deal to curb chip technology exports to China, FT reports
The United States and Japan are close to a deal to curb tech exports to China's chip industry despite alarm in Tokyo about Beijing's threat to retaliate against Japanese companies, the Financial Times reported on Tuesday citing people familiar with the matter.
linkCopy linkshare_windowsSharePentagon awards rocket motor maker Ursa Major $12.5 million
U.S. rocket propulsion startup Ursa Major said on Tuesday it was awarded a $12.5 million contract to build out production and testing for new solid fuel rocket engines.
linkCopy linkshare_windowsShareCentral bank digital currency momentum growing, study shows
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage.
linkCopy linkshare_windowsShareMidea Group shares rise 9.5% in Hong Kong after $4 bln listing
Chinese home appliances maker Midea Group rose by up to 9.5% on its trading debut in Hong Kong on Tuesday after raising nearly $4 billion in the city's largest share offering in almost four years, bolstering hopes for a revival in large Chinese issuances.
linkCopy linkshare_windowsShareJapan finance minister says Seven & i's new 'core' tag doesn't raise bar for buyout
Finance Minister Shunichi Suzuki said on Tuesday that Japanese retail giant Seven & i Holdings' new status as a company "core" to national security would not raise additional hurdles to a potential buyout.
linkCopy linkshare_windowsShareOil climbs on US output concerns, expected crude inventory drop
Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles.
linkCopy linkshare_windowsShareAsia shares rise; dollar, yields hurt by outsized Fed rate cut bets
Asian stocks gained on Tuesday while the dollar and U.S. Treasury yields came under pressure, with just a day to go before the expected start of the Federal Reserve's easing cycle that could see policymakers deliver an outsized rate cut.
linkCopy linkshare_windowsShareAs Fed cuts loom, health of US economy could determine markets' path
How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy.
linkCopy linkshare_windowsShareExclusive: First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say
Canadian miner First Quantum Minerals has opened a voluntary retirement scheme to workers at the Cobre Panama mine, two sources familiar with the matter said, as the company waits for a government decision on restarting the operation.
linkCopy linkshare_windowsShareMorning Bid: Dovish Fed eyed, China's deflationary forces intensify
A look at the day ahead in Asian markets.
linkCopy linkshare_windowsShareUS FAA chief to testify before Congress on Sept 24 on Boeing quality plan
The head of the Federal Aviation Administration (FAA) will testify on Sept. 24 before the House of Representatives Transportation Committee on Boeing's quality improvement plan, the committee said Monday.
linkCopy linkshare_windowsShareIntel foundry business to make custom chip for Amazon, chipmaker's shares jump
Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to package at least one version.
linkCopy linkshare_windowsShareUAW union files unfair labor practice charges against automaker Stellantis
The United Auto Workers union said on Monday it had filed unfair labor practice charges against Chrysler-parent Stellantis for violating the labor contract the parties reached last fall.
linkCopy linkshare_windowsShareExclusive: Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say
Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet , in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday.
linkCopy linkshare_windowsShareAmazon mandates five days a week in office starting next year
Amazon.com will require employees to return to working at company offices five days per week beginning next year, toughening a prior three-day mandate.
linkCopy linkshare_windowsShareBoeing freezes hiring and weighs furloughs
The planemaker and union leadership badly misjudged anger among union members who backed a strike with 96% support last week.
linkCopy linkshare_windowsShareConsumers Have a Debt Problem: Not Enough of the Right Kind
The Federal Reserve’s next interest-rate decision could be a fateful one for many consumers and in turn for debates about the health of the American spender.
linkCopy linkshare_windowsShareWhy Europe Is Embracing the New American Growth Model
Following the trail of the U.S. will require more government intervention in industrial and trade policy.
linkCopy linkshare_windowsShareWhere to Put Your Money When the Fed Cuts Rates
What lower rates mean for the trillions of dollars in CDs and high-yield savings accounts.
linkCopy linkshare_windowsShareWhy Washington and Big Oil Are Investing Billions in Ammonia
The latest bet is a $1.56 billion Energy Department loan commitment for a Wabash Valley Resources ammonia project in Indiana.
linkCopy linkshare_windowsShareMagellan's Lam on Market Anticipation of Fed Cut
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Britney Lam, Magellan Capital head of equities, long/short, discusses how the market is pricing in an anticipated cut by the Fed. She speaks with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)
linkCopy linkshare_windowsShareOil Climbs Ahead of Fed Decision But Demand Concerns Persist
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Oil edged higher as a widely expected interest-rate cut by the Federal Reserve this week offset concerns about the demand outlook.
linkCopy linkshare_windowsShareGoldman Says Gold May Dip If Fed Opts for Quarter-Point Cut
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Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.
linkCopy linkshare_windowsShareUS Allies Struggle to Break China’s Dominance of Rare Earths
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A couple hours outside Houston, in a remote field near a Dow Chemical Co. plant, America’s bid to undercut China’s grip on the global supply of rare earth minerals critical to high technology has yet to break ground.
linkCopy linkshare_windowsShareBloomberg: The Asia Trade 09/17/2024
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"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)
linkCopy linkshare_windowsShareEuropean Shares Set to Rise Ahead of Fed, BOJ: Markets Wrap
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European stock futures rose while Japanese shares declined, as investors looked ahead to decisions from a slew of central banks this week.
linkCopy linkshare_windowsShareSingapore Home Sales Set for Worst Year Since Financial Crisis
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Singapore new-home sales are likely to fall this year to the lowest since the global financial crisis, according to property consultancies that cut their forecasts after yet another month of weak transactions.
linkCopy linkshare_windowsShareCurrency Contrarians Cut Yen-Buying Positions as Yen Passed 140
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Foreign-exchange margin traders in Japan unwound long yen positions as the currency strengthened past the key psychological level of 140 yen per dollar on Monday for the first time in a year.
linkCopy linkshare_windowsShareHedge Fund Regal Makes Offer for Sydney-Based Rival
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Philip King’s Regal Partners Ltd. offered to buy rival Platinum Asset Management Ltd. as the hedge fund presses on with an expansion push that’s seen assets more than triple in just two years.
linkCopy linkshare_windowsShareBloomberg Markets: Asia 09/17/2024
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"Bloomberg Markets: Asia" is the definitive guide to the markets in Hong Kong and on the mainland. Haslinda Amin and Avril Hong bring you the latest news and analysis to get you ready for the trading day. (Source: Bloomberg)
linkCopy linkshare_windowsShareBajaj Housing Plots Next Steps After Hot India IPO
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Sanjiv Bajaj, Chairman of Bajaj Housing Finance, speaks to Bloomberg Television following the company's impressive trading debut, which is India's biggest new listing of the year. Bajaj discusses the firm's plans, India's property sector and the bad debts loan cycle with Haslinda Amin and Menaka Doshi. (Source: Bloomberg)
linkCopy linkshare_windowsShareFive Things You Need to Know to Start Your Day: Europe
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Get up to speed with what the markets are monitoring
linkCopy linkshare_windowsShareBets Are In, But the Fed’s Still Running the Casino
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If expectations are met at 50 basis points, the pressure will pile on for even bigger cuts. Powell has reason to call the market’s bluff
linkCopy linkshare_windowsShareEU Urged to Bolster Its Air-Defense Gaps By Issuing Joint Debt
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The European Union should consider issuing joint debt to fund significant air-defense investments to better protect its airspace from possible Russian strikes, according to a new report from the Brussels-based think tank Bruegel.
linkCopy linkshare_windowsShareBill Gates on Fighting the Nutrition Crisis With Cows
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Bill Gates says world leaders must step up the fight against a worsening child nutrition crisis that’s causing trillions of dollars in economic losses — and that gut bacteria investment and more productive cows can help. Gates also talks about how AI can play a role in understanding the human immune system and the development of vaccines. He speaks to Bloomberg's Caroline Hyde. (Source: Bloomberg)
linkCopy linkshare_windowsShareStarmer’s Plan to Court Investors Depends on Fixing Thames Water
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The government is pinning its hopes for growth on private investment in everything from green energy to housing. But investors have been burned by the Thames debacle.
linkCopy linkshare_windowsShareMalaysia Glove Maker Shares Surge as US Finalizes China Tariffs
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Malaysia glove maker shares including Top Glove Corp. surged after the US was expected to finalize tariffs on Chinese goods this month.
linkCopy linkshare_windowsShareChinese Appliance Giant Midea’s Shares Jump 9.5% on HK Debut After Raising $4 Billion
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Shares of Chinese appliance maker Midea Group Co. rose in their Hong Kong debut after the city’s biggest listing in three years saw robust demand and revived hopes of a turnaround for its struggling market.
linkCopy linkshare_windowsShareCounting China's Economic Losses From Typhoon Bebinca
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Bloomberg Intelligence estimates that the economic losses from Typhoon Bebinca could hit 10 billion yuan after it slammed into Shanghai on Monday. The storm was the biggest to hit the Chinese city since 1949. Minmin Low reports on Bloomberg Television. (Source: Bloomberg)
linkCopy linkshare_windowsShareThailand to Boost Borrowing by 8% to $78 Billion to Spur Growth
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Thailand plans to raise government borrowing by about 8% in the fiscal year starting October to aid economic growth, according to people familiar with the matter.
linkCopy linkshare_windowsShareIndia's Longest Bull Market in 20 Years Powers On
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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:
linkCopy linkshare_windowsShareHedge Funds Start to Split on Long-Yen Trades Before Fed and BOJ
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A divergence is emerging among leveraged funds on their positions in the yen ahead of the Federal Reserve and Bank of Japan meetings that will dictate the currency’s near-term trajectory.
linkCopy linkshare_windowsShareChinese Appliance Maker Midea Celebrates Hong Kong Trading Debut
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China's top appliance maker Midea Group Co. celebrated its Hong Kong trading debut Tuesday. The stock listing is the city’s biggest in three years and saw robust demand, reviving hopes of a turnaround for the market. (Source: Bloomberg)
linkCopy linkshare_windowsShareApollo’s Kleinman Says Wage, Housing Inflation to Limit Fed Cuts
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Investors are placing overly high expectations on multiple rate cuts by the Federal Reserve over the next 12 months, Apollo Global Management Inc. Co-President Scott Kleinman said.
linkCopy linkshare_windowsShareTrump on US Crypto Race Against China
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During an X Spaces livestream Monday, Donald Trump discussed his crypto project and his goal of making the US a key hub for digital assets. “If we don’t do it, China is going to do it. China is doing it anyway. But if we don’t do it, we’re not going to be the biggest, and we have to be the biggest and the best,” the Republican presidential nominee said. (Source: Other)
linkCopy linkshare_windowsShareEssilorLuxottica expands smart glasses partnership with Meta
EssilorLuxottica said on Tuesday it will extend its long-standing partnership with Meta Platforms to continue the development of smart eyewear into the next decade.
linkCopy linkshare_windowsShareSouth Sudan says it is ready to restart pumping oil through Sudan
South Sudan and Sudan have made progress towards restarting the pumping of South Sudan's crude oil through a pipeline running to a port in its neighbour, South Sudan's finance minister and the president's office said.
linkCopy linkshare_windowsShareBritain's Revolut prepares for 2025 India launch, FT reports
Britain's Revolut is preparing to launch its services in India next year, the Financial Times reported on Tuesday.
linkCopy linkshare_windowsShareDrivers more likely to be distracted while using partial automation tech, study shows
Drivers are more likely to engage in non-driving activities, such as checking their phones or eating a sandwich, when using partial automation systems, with some easily skirting rules set to limit distractions, new research showed on Tuesday.
linkCopy linkshare_windowsShareUK PM Starmer says first budget won't undermine growth goal
British Prime Minister Keir Starmer said that his government's first budget next month wouldn't take steps that undermine his goal to generate growth, but warned that unfunded spending commitments could damage the economy.
linkCopy linkshare_windowsShareMicrosoft approves new $60 billion share buyback program
Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.
linkCopy linkshare_windowsShareCarl Icahn welcomes dismissal of Icahn Enterprises lawsuit, not selling shares
Carl Icahn said on Monday he was pleased a federal judge dismissed a lawsuit accusing the billionaire of defrauding shareholders of his investment company Icahn Enterprises so he could obtain large amounts of personal loans.
linkCopy linkshare_windowsShareThai Cabinet Approves $4.4 Billion Cash Handout to Spur Economy
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Thailand’s cabinet approved a cash handout plan totaling 145.6 billion baht ($4.4 billion) that will benefit millions of poor and help stimulate Southeast Asia’s second-largest economy.
linkCopy linkshare_windowsShareAfrica’s Largest Economies to Change Course on Rates for First Time in Years
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Central banks in two of Africa’s largest economies — South Africa and Nigeria — are set to change course on interest rates for the first time in years as inflation lets up.
linkCopy linkshare_windowsShareAustralia, UAE Reach Trade Deal to Boost Exports, Investment
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Australia has reached a trade agreement with the United Arab Emirates that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and critical minerals.
linkCopy linkshare_windowsShareSingapore’s Electronics Exports Rise at Fastest Pace in 14 Years
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Singapore’s electronics shipments gained the most since 2010, fueled by overseas sales of integrated circuits and disk media products, as the global tech boom is proving a boon to the city-state.
linkCopy linkshare_windowsShareBOJ Faces Task of Flagging Rate Hike Path While Standing Pat
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Bank of Japan Governor Kazuo Ueda faces the delicate task this week of making sure investors are firmly aware of interest rate hikes to come without ruffling markets even as he stands pat on policy.
linkCopy linkshare_windowsShareNew York Manufacturing Index Expanded in September
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New York state factory activity unexpectedly expanded for the first time in nearly a year as orders and shipments strengthened.
linkCopy linkshare_windowsShareMacron in Talks to Win Pivotal EU Commission Job for France
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President Emmanuel Macron is in talks with the European Commission to carve out a new, more powerful position for France that would see his nominee overseeing all of the bloc’s efforts to boost its competitiveness.
linkCopy linkshare_windowsShareZimbabwe Creditors Mull Debt-for-Climate Swaps to Cure Arrears
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Zimbabwe’s creditors may be willing to consider a debt-for-climate swap with the nation as part of a restructure of its $21 billion arrears.
linkCopy linkshare_windowsShareGLOBAL INSIGHT: Three Takeaways on the Emerging Market Outlook
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(Bloomberg Economics) -- A prolonged war, rattled markets and fading commodity rents are putting pressure on key emerging markets. In Europe, Ukraine’s incursion in Russian territory is a risky gamble that might give the country more leverage for negotiations to end the war. For Brazil, it could mean tightening monetary policy further to appease markets amid fiscal and credibility concerns. For many rentier Middle Eastern countries, the challenge is finding political, not just economic, solution
linkCopy linkshare_windowsShareBrainard Downplays Inflation Risk, Says Lower Rates Aid Housing
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President Joe Biden’s top economic adviser downplayed the risk of a re-emergence of inflation as policymakers shift their focus toward protecting the job market.
linkCopy linkshare_windowsShareTrudeau Loosens Mortgage Rules in Bid to Woo Younger Voters
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Prime Minister Justin Trudeau’s government will make 30-year mortgages available to all first-time buyers and to buyers of newly built homes as the embattled leader tries to win back the approval of younger Canadians.
linkCopy linkshare_windowsShareECB’s Kazaks Says Rates to Be Cut Further But Not Too Quickly
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The European Central Bank will ease monetary policy further, though it shouldn’t do so too hastily due to lingering inflation risks, according to Governing Council member Martins Kazaks.
linkCopy linkshare_windowsShareEl Salvador Bonds Soar After Bukele Signals Zero Deficit
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El Salvador’s sovereign debt jumped Monday after President Nayib Bukele said the 2025 budget wouldn’t involve issuing new debt, signaling his plans for fiscal austerity, a key step in unlocking a long-awaited program with the International Monetary Fund.
linkCopy linkshare_windowsShareCanada Yield Curve Disinverts With Fed and Macklem Eyeing Cuts
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Canada’s benchmark two-year yield briefly dropped below the 10-year for the first time in more than two years, as traders looked ahead to Federal Reserve cuts and Bank of Canada Governor Tiff Macklem made dovish comments to the Financial Times.
linkCopy linkshare_windowsShareWorld Bank Says Zimbabwe Needs Economic Stability to Advance Debt Talks
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Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.
linkCopy linkshare_windowsShareIMF Considers Relief on Loan Penalties Ahead of October Meetings
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The International Monetary Fund is set to decide on potentially easing punitive loan fees for borrower countries before its annual meetings in October, addressing concerns over the fairness of these charges.
linkCopy linkshare_windowsShareEuropean Shares Edge Lower as Focus Turns to Fed, BOE Decisions
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European stocks retreated as investors looked ahead to interest rate decisions from the Federal Reserve and the Bank of England following a rate cut by the European Central Bank last week.
linkCopy linkshare_windowsShareSenegal Bonds Fall as IMF Sounds Warning Over Fiscal Deficit
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Senegal’s dollar bonds fell after the International Monetary Fund said the African nation’s fiscal position was expected to deteriorate.
linkCopy linkshare_windowsShareOkonjo-Iweala Agrees to Run for Second Term as WTO Chief
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World Trade Organization Director-General Ngozi Okonjo-Iweala is seeking a second term as the rule-setting body for international commerce faces rising protectionism from some of its founding members.
linkCopy linkshare_windowsShareNigeria Set to Pause Interest Rates as Inflation Slows to Six-Month Low
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Nigeria’s annual inflation rate fell to a six-month low in August, offering policymakers a window to halt an unprecedented tightening cycle when they meet next week.
linkCopy linkshare_windowsShareIndia Finance Minister Is Confident of Meeting Deficit Aims
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Indian Finance Minister Nirmala Sitharaman said on Monday that the country’s fiscal deficit will be brought down to or below 4.5% of gross domestic product by the next financial year, which ends in March 2026.
linkCopy linkshare_windowsShareDemocratic Senators Call on Fed to Cut Rates by 75 Basis Points
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Three Democratic senators urged Federal Reserve Chair Jerome Powell and fellow policymakers to aggressively cut the central bank’s benchmark interest rate, including by 75 basis points this week, to protect the US economy from potential harm.
linkCopy linkshare_windowsShareCanada Home Sales Pick Up With Buyers Boosted by Lower Rates
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Canada home sales climbed last month to the highest level since January as buyers benefited from lower borrowing costs.
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