Fed’s Miran Says Economic Vulnerability Calls for Rapid Cuts
(Bloomberg) — Federal Reserve Governor Stephen Miran said the US central bank risks damage to the economy by…
After 15 years at Salomon, Mike Bloomberg was fired—he launched his media empire the very next day
Being involuntarily ousted from a job—whether that be a layoff or firing—is a universal, career-altering experience that very…
Australia’s Faster Inflation Boosts Case for Slower RBA Cuts
(Bloomberg) — A gauge of Australia’s monthly inflation accelerated in August to the top of the Reserve Bank’s…
Alibaba Shares Jump After CEO Reveals Plans to Raise AI Spending
(Bloomberg) — Alibaba Group Holding Ltd.’s shares surged to their highest in almost four years after it announced…
Amazon Jury Trial Over FTC’s Prime Cancellation Claims Opens
FTC Chair Andrew Ferguson Photographer: Allison Robbert/Bloomberg (Bloomberg) — Amazon.com Inc. squared off in court against the Federal…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…
Summers Says Fed Policy On ‘Loose Side,’ Inflation Top Issue
Larry Summers (Bloomberg) — Former Treasury Secretary Lawrence Summers said Federal Reserve policy is leaning toward being too…
Tesla exec says the company will redesign door handles that reportedly pose safety risks
Yesterday, the US National Highway Traffic Safety Administration opened an investigation into Tesla following a report by Bloomberg…
China’s stock rally poised to run on as household savings pour into equities
Households continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally…
Global 36-Hour Interest-Rate Spree Heralds First US Cut of 2025
Chairman of the US Federal Reserve Jerome Powell, from left, Governor of the Bank of Canada Tiff Macklem,…