Messages
8/28/2023
22 : 34
Goldman backs off
Bloomberg Evening Briefing View in browser Bloomberg Goldman Sachs struck a deal to sell an investment-advisory business aimed at the mass-affluent market. The bank agreed to sell the business (with
8/26/2023
11 : 44
Powell sticks to his guns
Bloomberg Weekend Reading View in browser Bloomberg This week, Jerome Powell made no bones about the unwavering pursuit of his ultimate objective: 2%. The Federal Reserve chair reaffirmed yet again his
8/25/2023
22 : 14
Finishing off inflation
Bloomberg Evening Briefing View in browser Bloomberg As far as the Fed is concerned, the message is stay the course. Chair Jerome Powell says the US central bank is prepared to raise interest rates
8/24/2023
22 : 34
BRICS goes big
Bloomberg Evening Briefing View in browser Bloomberg Major emerging market nations invited top oil exporter Saudi Arabia, along with Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates, to
8/23/2023
22 : 14
These chips are rising
Bloomberg Evening Briefing View in browser Bloomberg Tech industry standout Nvidia gave another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors in data
8/22/2023
22 : 54
Loading up on cash
Bloomberg Evening Briefing View in browser Bloomberg Financial companies around the globe sold $2 trillion of bonds in record time this year as European lenders raised money to repay cheap central bank
8/21/2023
22 : 14
Wall Street loses $1 trillion
Bloomberg Evening Briefing View in browser Bloomberg The relocation of a small portion of the American financial industry from New York and California to the US South has been measured anecdotally,
8/19/2023
11 : 44
Ground comes up fast
Bloomberg Weekend Reading View in browser Bloomberg For those predicting a so-called soft landing for the US economy, the runway may be getting close. Economists are growing more optimistic as
8/18/2023
21 : 54
Bonds over stocks
Bloomberg Evening Briefing View in browser Bloomberg Volatility in the world's biggest bond market has finally caught the attention of stock-happy Wall Street. A Treasury rout that pushed 10-year
8/17/2023
21 : 54
Bad news for China
Bloomberg Evening Briefing View in browser Bloomberg Another day brought another troubling sign for the Chinese economy. Beijing authorities are said to have told state-owned banks to step up
8/16/2023
22 : 14
Biden’s slow start
Bloomberg Evening Briefing View in browser Bloomberg US President Joe Biden celebrated the anniversary of the Inflation Reduction Act on Wednesday, saying it was spurring job growth and addressing
8/15/2023
21 : 54
Half measures
Bloomberg Evening Briefing View in browser Bloomberg Xi Jinping has long resisted pulling the trigger on major stimulus to revive the world's second-biggest economy, and the market's reaction
8/14/2023
22 : 4
Argentina devaluation
Bloomberg Evening Briefing View in browser Bloomberg Argentina finally hit the panic button. After years of trying to avoid a currency devaluation that would add to soaring inflation and reduce its
8/14/2023
12 : 4
Social Security’s grim future
Bloomberg Evening Briefing View in browser Bloomberg A new analysis puts a dollar figure on the cuts Americans could potentially see to their Social Security benefits in 2033, when some analysts expect
8/14/2023
11 : 24
Beginning of the end?
Bloomberg Evening Briefing View in browser Bloomberg Though the conventional wisdom was already pressing the pause button, some new data seems to have affirmed it. US Federal Reserve policymakers are
8/14/2023
11 : 4
‘Ticking time bomb’
Bloomberg Evening Briefing View in browser Bloomberg President Joe Biden blasted China's economic problems as a “ticking time bomb,” saying during a political fundraiser that the Asian nation was
8/14/2023
10 : 55
The real inflation driver
Bloomberg Weekend Reading View in browser Bloomberg With all the things that have gotten more expensive (and then less expensive, even if it doesn't feel like it) over the past 18 months, it should
8/8/2023
21 : 54
Slide into world war
Bloomberg Evening Briefing View in browser Bloomberg Bank stocks fell early on Tuesday after Moody's Investors Service announced it had downgraded 10 small and midsize American lenders, and that it
8/7/2023
22 : 24
Self-fulfilling prophecy
Bloomberg Evening Briefing View in browser Bloomberg The downgrade of America's credit rating by Fitch, which sought to justify the move in part by warning of Washington dysfunction, may end up
8/5/2023
11 : 44
US ratings hit
Bloomberg Weekend Reading View in browser Bloomberg It was a torrid week for the bond market, a lackluster week for Apple and a mostly positive week for global economic data. China's central bank