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The personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
A presidential spokesperson said preparations were underway without saying when they would arrive or how many Burundi had agreed to receive.
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial crisis.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan & Goldman Sachs. Meanwhile the diplomatic stalemate between the US & Iran continues with Hormuz & nuclear weapons being the main sticking points despite mediation efforts from Qatar. Aniseh Bassiri Tabrizi, Associate Fellow MENA at Chatham House spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the impasse between the two sides. (Source: Bloomberg)
Chinese President Xi Jinping’s three-day state visit to Washington is over, but China watchers in Congress and the US-China policy community are still parsing a wide range of outcomes, with two more leadership summits expected before the end of the year. The talks between Xi and US President Donald Trump produced a series of joint announcements, including an extension of the US-China trade truce, investment commitments, an agreement to continue an AI dialogue and high-level engagement, as well...
A police alert turned into a potential Iranian “bomb plot” against a British military base used by the US.
For decades, Israel was untouchable in Washington. Gaza changed that. Josh Rushing investigates how and what comes next.
The US Treasury Department has put Wall Street on notice: Authorities are moving to rein in some of the most aggressive investment strategies used to cut investor tax bills.
Federal Reserve Governor Michael Barr repeated a warning that further interest-rate increases will likely be needed to slow inflation in a timely fashion. Barr said the Fed wants “to support sustainable, durable growth in support of maximum employment, and price stability is crucial to that” in remarks Tuesday at an event in Detroit. (Source: Bloomberg)
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Uncertainty hits the IPO pipeline as Oura delays its debut. Anthropic warns of catastrophic AI risks, Goldman weighs John Waldron as its next CEO, and Jefferies asset-management revenue plunges. Plus, Gary Gensler, Gabriela Santos and Meredith Whitney on AI risk, market euphoria and cracks in the US economy. (Source: Bloomberg)
The US president continues to push back on calls to establish guardrails around artificial intelligence, arguing it will stifle growth.
Russian cash helped Essar, the firm behind the steel factory, manage major debts. Now the group's investing in the US.
The US and Iran are talking through mediators, but there are major differences over what a deal should look like.
Iran's Foreign Minister Abbas Araghchi said Tehran expects Washington to respond to its proposal to reopen the Strait of Hormuz on Tuesday. In exchange for reopening the vital shipping route, Tehran is seeking guarantees including a regional ceasefire, the lifting of sanctions on its oil sector and an end to the US naval blockade.
The US and China need to improve communication, work together more closely and more fully embrace technology to stem risks associated with artificial intelligence, the founder of Nvidia said on Monday. “We should recognise that we’re competitors, and competitors are still able to collaborate,” said Jensen Huang, head of the world’s most valuable company, with a market capitalisation of about US$5.5 trillion. “This is such an important and consequential technology. It has the incredible...
Sudanese Foreign Minister Mohieldin Salim Ahmed Ibrahim criticized the United States Monday for failing to issue a visa to Army Chief Gen. Abdel-Fattah Burhan to attend the U.N. General Assembly, while calling for an end to foreign support fueling the country’s civil war.
Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.
Five men arrested over a suspected bomb plot at RAF Fairford have been released on bail as investigations continue. Meanwhile, AI-enhanced images purporting to show their faces have gone viral, with some users claiming it ‘proves’ the men are Muslim. SynthID confirms the sharpened images were created using OpenAI tools, meaning the AI has suggested different facial features. UK police have not disclosed any names or religion, only that the men are all British nationals. Vedika Bahl explains.
The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. (Source: Bloomberg)
US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. (Source: Bloomberg)
Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday.
In an interview with FRANCE 24 on the sidelines of the UN General Assembly in New York, South African Foreign Minister Ronald Lamola said Washington's plan to take in up to 17,500 more White South Africans was "a race-based policy", dismissing the "so-called genocide" of Afrikaners as "fake news".
China agreed to import at least 10 million tonnes of US coal in each of the next two years, marking one of the few concrete results from President Xi Jinping’s state visit to the United States. The country will also lower tariffs on 1,619 US products, including coal, under a deal to reduce levies on US$30 billion of non-sensitive goods shipped in each direction, according to a White House statement. Other items include agricultural goods, cosmetics and medical devices. The US will cut levies on...
Chinese and US embassies in the Philippines exchanged sharp accusations on Sunday following Washington’s defence of its treaty ally after Thursday’s stand-off in the South China Sea. In a written statement issued on Sunday, the US embassy in Manila backed the Philippines and said Beijing’s “dangerous blocking and irresponsible manoeuvres” had threatened a collision and prevented a lawful resupply mission to Second Thomas Shoal, one of the flashpoints in the South China Sea disputes. The...
“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)
Competition between China and the US will persist, but increased dialogue between the two economic superpowers will provide greater global certainty and ease geopolitical concerns, with Hong Kong positioned to play a unique role, the city’s financial secretary has told the South China Morning Post. In a wide-ranging interview, Paul Chan Mo-po said more communication and dialogue between the two nations would be “good for everyone”, as Chinese President Xi Jinping and his US counterpart, Donald...
Scott Kennedy is a senior adviser and trustee chair in Chinese business and economics at the Centre for Strategic and International Studies. His areas of focus include China’s hi-tech drive, US-China relations and global economic governance. Open Questions first appeared in SCMP Plus. For other interviews in the Open Questions series, click here. How would you characterise the outcomes of the China-US summit compared to expectations going in? Is it largely a continuation of that track or do you...
For all the solemnity of the B-2 flyover with four F‑22 Raptors and a silent South Lawn drill, the real business of US President Donald Trump’s meeting with Chinese President Xi Jinping last week was narrower than the choreography. The Chinese readout reiterated the concept that should frame the relationship’s next phase: constructive strategic stability – cooperation as the primary track, competition kept within bounds, differences managed, conflict avoided. Stripped of banquet rhetoric, the...
Cuba's deputy foreign minister slams US sanctions, labelling them 'equivalent to genocide'.
Bloomberg White House correspondent and national security editor Michelle Jamrisko is on Bloomberg This Weekend discussing renewed US-Iran diplomacy after indirect talks in New York failed to overcome disagreements over sanctions, the US blockade and the Strait of Hormuz. Speaking with hosts David Gura and Christina Ruffini, Jamrisko says the two sides remain on different timelines and also examines questions surrounding Taiwan after President Donald Trump’s meeting with Chinese President Xi Jinping. (Source: Bloomberg)