Why the Dollar Is Causing Chaos in Emerging Markets: QuickTake: Emerging-market currencies have tumbled this year as the dollar has gone from strength to ...
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Elon Musk Hit the Red Carpet Before Tesla’s (TSLA) Biggest Layoff: The carmaker is struggling to keep investors bought-in on the CEO’s strategy.
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Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Europe Economy Is Showing Signs of Recovery, Christine Lagarde Says: Europe’s economy is nearing the end of a malaise that’s resulted in more than a year of near ...
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Ukraine, Israel Aid Plans Proceed in US House Despite Johnson Ouster Threats: US House Speaker Mike Johnson is moving ahead with new assistance for Ukraine and ...
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Red Lobster Is Reportedly Considering Filing for Chapter 11 Bankruptcy: Seafood chain Red Lobster is reportedly considering filing Chapter 11 bankruptcy ...
entrepreneur.com/business-news/red-lobster-is-reportedly-considering-filing-for-chapter-11/472849
Quick Glance: Red Lobster Considers Bankruptcy
- The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.
- Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.
- A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.
- Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Foiling Iran’s Missile Attack Probably Cost More Than $1 Billion: Israel and its allies won plaudits for mostly fending off Iran’s unprecedented attack on ...
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US Bank Earnings: Traders Beat Estimates as Net Interest Income Slumps: Wall Street’s traders are picking up the slack as income from lending slumps across the ...
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BOE Governor Expects Sharp Drop in UK Inflation Next Month: Bank of England Governor Andrew Bailey expects a sharp drop in Britain’s inflation rate next month ...
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How Cloud Seeding Boosts Rainfall — and Why That’s Controversial: A geoengineering technology that had fallen out of favor is making a comeback.
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Quick Glance: Cloud Seeding and the Record-Breaking Rains in Dubai
- Record-breaking rainfall in the UAE has caused widespread flooding.
- Experts speculate that cloud seeding may have contributed to this unprecedented weather event.
- Cloud seeding is a technique where special salt flares are burned in clouds to stimulate rain.
- While cloud seeding is practiced in many countries, some scientists remain cautious about its long-term impacts.
SOFR Futures: Traders Pile Into Contrarian Bet of Aggressive Fed Easing: Traders in the interest-rate futures market are piling into a contrarian bet that would ...
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How to Get a Job in Crypto: Bitcoin Price Spike Draws Young Startup Founders: Bitcoin’s comeback is prompting hopefuls to ditch their studies and start companies ...
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How Migration Became an Election Issue for South Africa, New Zealand and Peru: US voters increasingly cite migration as their chief concern. But these case ...
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Bank of England Interest Rate Cuts Ahead of UK Election Aren't a Sure Thing: Voters may end up going to the polls with the Bank of England rate still ...
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
How US, China Seek Influence With Solomons and Other Pacific Islands: Competition is heating up between China and the US in the southern Pacific ...
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Guns-and-Butter Fiscal Policy Will Keep Rates High: For the first time in nearly 60 years, the US government is attempting to effect fiscal stimulus to both ...
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New York Fed Says Quantitative Tightening Could Stop in 2025: The US central bank could halt the unwind of its balance sheet in 2025, according to Federal ...
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Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Croatia’s Plenkovic May Lose Majority in Vote, Exit Polls Show: Croatian Prime Minister Andrej Plenkovic was poised to lose his majority in a national election ...
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Quick Glance: Croatians Choose Between PM Plenkovic and President Milanovic
- Croatians vote between PM Andrej Plenkovic and President Zoran Milanovic in parliamentary election
- Plenkovic and HDZ expected easy win, but Milanovic challenged them
- HDZ ruling party since 1991, supports Ukraine against Russia
- Corruption accusations, allegations, and political discrepancies shape election campaign
Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
bloomberg.com/news/articles/2024-04-17/million-dollar-analyst-jobs-at-risk-in-china-research-pullback
Mideast Enters Dangerous New Phase With Iran’s Attack On Israel: Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack ...
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Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
China GDP Latest: Factory-Led Growth Complicates Relations With US, Europe: I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today ...
bloomberg.com/news/newsletters/2024-04-16/china-gdp-latest-factory-led-growth-complicates-relations-with-us-europe
New Zealand Inflation Slows to Weakest in Almost Three Years: New Zealand home-grown price pressures persisted in the first quarter even as headline inflation ...
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Stand Pat: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/stand-pat-the-bloomberg-close-americas-edition
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Singapore Employees Can Ask for Flexible 4-Day Work Week, WFH Requests: Workers in Singapore can now ask for four-day work weeks, more work-from-home days and ...
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'As Long As Needed': The Bloomberg Open, Europe Edition: Good morning. Jerome Powell says the Fed can wait as long as needed before cutting rates ...
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Why the Dollar Is Causing Chaos in Emerging Markets: QuickTake: Emerging-market currencies have tumbled this year as the dollar has gone from strength to ...
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Bayer, Nestlé, Unilever and Other Multinationals Cut Back in Africa: After decades of optimism about the region, global giants such as Bayer ...
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ECB’s Centeno Says It’s About Time to Change Monetary Policy: The European Central Bank should start lowering interest rates soon, according to Governing Council ...
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Fire Engulfs Copenhagen Landmark Old Stock Exchange Building: A fire ripping through Denmark’s old stock exchange building has torn down the structure’s ...
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Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
- A blaze engulfed Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, with the spire being consumed by flames and collapsing.
- The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.
- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
India Elections: An Election Meme War Unfolds As Modi's BJP Outspends Opposition
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NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...
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US Yields at 2024 Highs Lure Some Buyers Even as Shorts Dominate: The highest US yields since November are beginning to attract some opportunistic buyers ...
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Powell’s Warning: The Bloomberg Open, Asia Edition: Good morning. The Fed chief takes a hawkish turn. IMF gets a little more optimistic, but sees many threats ...
bloomberg.com/news/newsletters/2024-04-16/powell-s-warning-the-bloomberg-open-asia-edition
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Chile Central Bank Sees Moderate Inflation Impact From Weak Peso: Chile’s central bank reaffirmed its plan to concentrate a large part this year’s rate cuts in ...
bloomberg.com/news/articles/2024-04-17/chile-central-bank-sees-moderate-inflation-impact-from-weak-peso
Sell: The Bloomberg Close, Asia Edition : Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/sell-the-bloomberg-close-asia-edition
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Vinci Agrees to Buy Edinburgh Airport for £1.27 Billion: Vinci is buying a majority stake in the Edinburgh Airport for £1.27 billion ($1.6 billion) ...
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Gold Prices at a Record High Are Keeping Pawn Shops Busy: Record prices pushing toward $2,500 an ounce are proving hard to resist
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Nigeria’s Cardoso Says Shifts in FX Reserves Not Due to Defending Naira (NGN) - Bloomberg
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Lindner Says Germany Should Avoid Copying US IRA as It Doesn’t Reduce Inflation: German Finance Minister Christian Lindner warned his coalition partners against ...
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Swedish Homebuilding May Be on Brink of Recovery, Data Shows: Sweden’s worst slump in home construction in more than three decades is over for now ...
bloomberg.com/news/articles/2024-04-17/swedish-homebuilding-may-be-on-brink-of-recovery-data-shows
Stock Market Today: Dow, S&P Live Updates for April 17: Stocks in Asia were set for a mixed open following hawkish comments by Jerome Powell that helped fuel a ...
bloomberg.com/news/articles/2024-04-16/stock-market-today-dow-s-p-live-updates
Chile’s Copper Mines Are Turning Into Money Pits: Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory ...
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EU Discord Over Capital Markets Weighs On Top-Level Summit: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-17/eu-discord-over-capital-markets-weighs-on-top-level-summit
Goldman’s Windfall: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-15/goldman-s-windfall-the-bloomberg-close-americas-edition
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Biden Mocks Trump Media Share Drop in Economic Broadside: President Joe Biden lambasted Donald Trump’s economic platform in a broadside that included mocking the ...
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Quick Glance: Biden Critiques Trump's Economy in Pennsylvania
- President Biden criticized Trump's economic vision and plans for a potential second term while Trump was in court.
- Biden emphasized the importance of honesty, decency, and family in economic policy.
- He advocated for higher taxes on billionaires and pledged not to increase taxes on Americans earning less than $400,000 annually.
- Biden also highlighted his efforts to improve access to healthcare and reduce prescription drug costs.
Job Cuts: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-17/job-cuts-the-bloomberg-close-asia-edition
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US 30-Year Mortgage Rate Rises to a Four-Month High of 7.13%: US mortgage rates climbed to a four-month high last week, potentially signaling a bumpier recovery ...
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Gold (XAUUSD) Holds Near Record as Traders Overlook Delayed Cuts Scenario: Gold held near a record-high, even as as investors weighed a shift in messaging from ...
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German Investor Confidence Picks Up, Suggesting Recovery Is Near
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Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws: Powell makes clear that the Fed won’t cut soon. The dollar is turning the screws ...
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Israel Weighs Retaliation Following Iran Drone and Missile Attack: Israel is vowing to retaliate against Iran for its weekend drone and missile attack ...
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Traditional Investment Strategy Breaks Down for Japan’s Dai-ichi Insurer: Japan’s largest listed life insurer has a dilemma — its traditional investment ...
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Swiss Parliament Rejects Joining Russia Sanctions Task Force: Switzerland’s parliament rejected a proposal for the government to join a US-led sanctions task ...
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China’s Growing Plastics Dominance Is Squeezing Out Asian Rivals: China’s rapidly expanding petrochemicals industry is making life increasingly difficult for ...
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JPY USD: Yen Traders Brace for 160 Level Even as Intervention Risks Rise: A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered ...
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Fading: The Bloomberg Open, Europe Edition: Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is ...
bloomberg.com/news/newsletters/2024-04-16/fading-the-bloomberg-open-europe-edition
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UK Inflation Stronger Than Expected on Higher Fuel Prices: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
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Real’s (BRL) Worst-in-World Currency Slide Attracts CTAs Bears: Foreign funds are stepping up bets against the Brazilian real, turning the currency into the ...
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One Year On, Sudan’s Civil War Is a ‘Forgotten Crisis’: International donors have committed almost 1,000 times as much aid to Kyiv as they have to Sudan
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How to Get Cheaper Luxury Goods: Japan's Weak Yen Provides Bargains: With a conversion rate in favor of most other major currencies, shoppers can get fancy ...
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Bug Plagues Argentina Crops in Setback for Milei’s Recovery Plan: Argentina corn farmers had high hopes for this season’s harvest after near-perfect weather ...
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BOE’s Lombardelli Says Rate Cuts Are the ‘Direction of Travel’ - Bloomberg
bloomberg.com/news/articles/2024-04-16/boe-s-lombardelli-says-rate-cuts-are-the-direction-of-travel
Singapore Prime Minister Lee’s Scorecard: A Look at the Numbers: Singapore Prime Minister Lee Hsien Loong, who’s set a May 15 date for passing the baton to his ...
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Quick Glance: Lawrence Wong to Assume Singapore Prime Ministership from Lee Hsien Loong on May 15
- On May 15, Lawrence Wong will officially become the Prime Minister of Singapore, succeeding Lee Hsien Loong.
- Wong garnered unanimous support from PAP MPs and will be sworn in at 8:00 pm on May 15, 2024 at the Istana.
- The leadership transition began two years ago when Wong was named as the leader of the PAP's 4G team.
- Wong will be Singapore's fourth Prime Minister, emphasizing commitment to creating a bright future for the nation with his team.
Liechtenstein Is Joining the International Monetary Fund: Liechtenstein, the world’s second-richest country, is set to become the newest member of the ...
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Iran’s Nuclear Chief Says UN’s Grossi Will Visit Iran ‘Soon’: Rafael Mariano Grossi, director-general of the UN’s nuclear watchdog, will visit Iran “soon ...
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India Elections 2024: Modi to Meet Elon Musk Amid World’s Biggest Election: Each day, Bloomberg journalists take you across a selection of towns and cities as ...
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Apollo Goes Hunting for Ardagh’s Creditors With €1 Billion Debt Deal: The US fund struck a ‘hunter-gatherer’ agreement with the packaging firm - junior creditors ...
bloomberg.com/news/newsletters/2024-04-16/apollo-goes-hunting-for-ardagh-s-creditors-with-1-billion-debt-deal
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Ecuador Bonds Lead Emerging-Market Gains as New IMF Deal Nears: Ecuador’s dollar bonds jumped, leading gains among developing nations on signs a new financing ...
bloomberg.com/news/articles/2024-04-17/ecuador-bonds-lead-emerging-market-gains-as-new-imf-deal-nears
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Bloomberg Evening Briefing: Tesla to Slash More Than 10% of Its Workforce: Get caught up.
bloomberg.com/news/newsletters/2024-04-15/bloomberg-evening-briefing-tesla-to-slash-more-than-10-of-its-workforce
Why the EPA Is Cracking Down on PFAS in Drinking Water: Used to make coatings and products that resist heat, oil, stains, grease and water ...
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Why Is Gold Suddenly Rising Right Now?: Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical ...
bloomberg.com/news/articles/2024-04-07/the-gold-market-hunts-for-answers-behind-bullion-s-sudden-surge
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Insurers Blame Higher Premiums on Lawsuits - Bloomberg: “Social inflation” is the term they use to describe what they see as abuse of the legal system ...
bloomberg.com/news/articles/2024-04-17/insurers-blame-higher-premiums-on-lawsuits
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Vietnam Starts Rescue of Saigon Commercial Bank: Reuters - Bloomberg: Vietnam has mounted a rescue of Saigon Joint Stock Commercial Bank, Reuters reported ...
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EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
EU Aims for New Iran Sanctions Over Israel Strike in Coming Days: The European Union aims to propose fresh sanctions on Iran over its strike on Israel as early ...
bloomberg.com/news/articles/2024-04-16/eu-aims-for-new-iran-sanctions-over-israel-strike-in-coming-days
USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts: The dollar is headed for its biggest rally in over a year on expectations US interest rates ...
bloomberg.com/news/articles/2024-04-16/usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts
Bankers Hit With Millions in ‘Breakup Fees’ For Ditching New Jobs on Wall Street - Bloomberg
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Singapore Home Sales Rise Most in Four Months on Launches: Singapore home sales rose the most in four months, rebounding from a lull after the launch of a range ...
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Russia-Ukraine War: Latvia to Make First Shipments of UAVs to Kyiv: Latvia is preparing to make its first shipment of drones to Ukraine as a coalition of ...
bloomberg.com/news/articles/2024-04-16/latvia-readies-first-drones-for-kyiv-under-plan-for-million-uavs
South African Inflation Cools to Two-Month Low in March: South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade ...
bloomberg.com/news/articles/2024-04-17/south-african-inflation-cools-to-two-month-low-in-march
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