ANZ Considers Changes to US Trade Policy, Relationship with China From a Possible Return of Trump as President
(Bloomberg) -- A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyZyn Shortag
One of the biggest retirement fears is a reduction in Social Security benefits. Here's what advisers say to do to prepare.
This week's positive data on inflation hasn't swayed Fed Governor Michelle Bowman's thinking.
While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably. A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million for a comfortable retirement, a number that has surged by 53% since 2020. This dramatic increase, influenced by inflation and growing financial pressures, suggests that a $2 million target may not be as far-fetched as it appears, especially for someone who is 60 and plans to
(Bloomberg) -- The US will ask suppliers next month to bid on contracts for as much as $3.4 billion of domestically produced nuclear reactor fuel, according to a government notice. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touches 40,000 Before Pulling Back: Ma
(Bloomberg) -- A senior Apple Inc. executive told a US judge that the iPhone maker’s new 27% fee on purchases made outside its App Store are a good-faith attempt to comply with the law. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyZyn Shortage? Nicotine Pouches Out of Stock
Brookings Institution Senior Fellow, Angela Stent, discusses Chinese President Xi Jinping hosting Russian President Vladimir Putin, and states both countries are united in the goal of creating a new world order has the United States playing a much smaller role than it is today. She also talks about Ukraine and whether or not the arrival of aid from the United States has arrived to late to help the country fight off Russia. Angela Stent speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power."
American consumers - the backbone of the resilient US economy in recent years - appear to be winding down their wild spending spree.
The JPMorgan boss believes official data is not sufficiently reflecting price pressures that are in the pipeline but have yet to manifest.
Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to people with knowledge of the automaker's operations. The stoppages, details of which were corroborated by documents from Toyota and suppliers reviewed by Reuters, illustrate a potential choke point for the world's top automaker, which plans to produce 10 million vehicles this year. Toyota halted production for a total 19 days in February and March at its plant in Tijuana, Mexico, where it makes the Tacoma pick-up truck, according to two of the people.