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Fresh Support: The Bloomberg Open, Asia Edition: Good morning. US House approves $95 billion in foreign aid. China is front and center of gold’s rally ...
bloomberg.com/news/newsletters/2024-04-21/fresh-support-the-bloomberg-open-asia-edition
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
Hong Kong Bankers Face More Job Cuts on China Slowdown, High Pay: Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists ...
bloomberg.com/news/articles/2024-04-22/hong-kong-bankers-face-more-job-cuts-on-china-slowdown-high-pay
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Equity Bounce: The Bloomberg Open, Europe Edition: Good morning. Equities gain after a Wall Street bounce but the outlook remains unclear ...
bloomberg.com/news/newsletters/2024-04-23/equity-bounce-the-bloomberg-open-europe-edition
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Gold (XAUUSD) Set for Fifth Weekly Gain on Increasing Mideast Tensions: Gold pared gains as demand for safe-haven assets eased after Iranian media seemed to ...
bloomberg.com/news/articles/2024-04-19/gold-xauusd-set-for-fifth-weekly-gain-on-increasing-mideast-tensions
Netflix Flex: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-18/netflix-flex-the-bloomberg-close-americas-edition
Earth Day Q&A: Your Questions on Plastics Pollution Crisis Answered
bloomberg.com/news/live-blog/2024-04-22/bloomberg-green-q-a-plastics-vs-the-planet
IMF Urges Higher For Longer Rates in Eastern Europe on Sticky Inflation - Bloomberg
bloomberg.com/news/articles/2024-04-19/imf-urges-higher-for-longer-rates-in-eastern-europe-on-sticky-inflation
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Russians Transform Dubai as They Flee Putin’s War: Photo Essay: Take a look at their culture at cafes, festivals and even a sailing school.
bloomberg.com/news/articles/2024-04-22/russians-transform-dubai-as-they-flee-putin-s-war-photo-essay
Wild Card: The Bloomberg Open, Asia Edition: Good morning. Stocks bounced back ahead of tech earnings. South Korea’s shadow banking sounds alarm ...
bloomberg.com/news/newsletters/2024-04-22/wild-card-the-bloomberg-open-asia-edition
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 ...
bloomberg.com/news/articles/2024-04-16/why-the-dollar-is-causing-chaos-in-emerging-markets-quicktake
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ECB Rate-Setters Agree on June Cut But Not Much Else Beyond: There’s one thing European Central Bank officials seem to agree on — that a first cut in interest ...
bloomberg.com/news/articles/2024-04-19/ecb-rate-setters-agree-on-june-cut-but-not-much-else-beyond
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.
bloomberg.com/news/newsletters/2024-04-16/elon-musk-hit-the-red-carpet-before-tesla-s-tsla-biggest-layoff
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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US Consumer Prices Rose More Than Expected in March
bloomberg.com/news/live-blog/2024-04-10/us-cpi-report-for-march
Gold (XAUUSD) Falls Again After Biggest Daily Slump in Almost Two Years: Gold extended losses after its biggest daily decline in almost two years ...
bloomberg.com/news/articles/2024-04-23/gold-xauusd-falls-again-after-biggest-daily-slump-in-almost-two-years
Hot Seat: The Bloomberg Close, Americas Edition: Good afternoon. Here's what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-22/hot-seat-the-bloomberg-close-americas-edition
Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
bloomberg.com/news/articles/2024-04-19/electric-cars-in-norway-may-push-diesel-rivals-off-top-by-2026
PBOC Chief Seeks Faster Debt Restructurings, Clarity on Fairness: The head of China’s central bank sees debt restructurings among poor countries moving too slow ...
bloomberg.com/news/articles/2024-04-22/pboc-chief-seeks-faster-debt-restructurings-clarity-on-fairness
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China’s Sovereign Fund Ramped Up ETF Purchases to Lift Stocks: China’s sovereign wealth fund likely bought at least $43 billion of onshore exchange-traded funds ...
trib.al/CDBX9v2
Denmark Starts Its Largest-Ever Offshore Wind Power Tender: Denmark has kicked off its largest-ever wind power tender that will more than triple its offshore ...
bloomberg.com/news/articles/2024-04-22/denmark-starts-its-largest-ever-offshore-wind-power-tender
China Condemns US’s Overcapacity Claim Just Before Blinken Visit: China launched its harshest attack to date on US complaints about industrial overcapacity ...
bloomberg.com/news/articles/2024-04-23/china-condemns-us-s-overcapacity-claim-just-before-blinken-visit
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Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
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Relief Rally: The Bloomberg Open, Europe Edition: Good morning. Stocks rise ahead of this week’s Big Tech earnings. The US House passes aid for Ukraine ...
bloomberg.com/news/newsletters/2024-04-22/relief-rally-the-bloomberg-open-europe-edition
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Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-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 ...
bloomberg.com/news/articles/2024-04-16/why-the-dollar-is-causing-chaos-in-emerging-markets-quicktake
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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
bloomberg.com/news/articles/2024-04-14/gold-prices-at-a-record-high-are-keeping-pawn-shops-busy
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Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
China 'Lower-Tier Cities' Are Attracting More People -- And More Chain Brands
bloomberg.com/news/articles/2024-04-22/china-s-small-towns-boom-as-megacities-lose-appeal-with-brands
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South Korea Property Rout Sparks Fear of Private Credit Crisis: South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow ...
bloomberg.com/news/articles/2024-04-22/south-korea-property-rout-sparks-fear-of-private-credit-crisis
Blackstone’s Credit and Retail Lines Drive Narrow Profit Beat (BX): Blackstone Inc. collected more fees from big retail funds and credit strategies during the ...
bloomberg.com/news/articles/2024-04-18/blackstone-s-credit-and-retail-lines-drive-narrow-profit-beat
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China’s Growing Ranks of Bubble Tea Billionaires: Sellers of the hugely popular drink are rushing to cash in, but increasing competition threatens to spoil the ...
bloomberg.com/news/articles/2024-04-21/china-s-growing-ranks-of-bubble-tea-billionaires
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Quick Glance: China's Bubble Tea Billionaires
- The passion for bubble tea has produced at least a half-dozen billionaires in China in recent years, known for the sweet drink with sticky tapioca pearls.
- On April 23, Sichuan Baicha Baidao Industrial Co., China's third-largest bubble tea chain, is set to begin trading and raise over $300 million in the largest Hong Kong listing since November.
- The founders of the company, Wang Xiaokun and Liu Weihong, could have a combined net worth of $2.7 billion based on their 73% stake after the initial public offering, according to the Bloomberg Billionaires Index.
- The growing popularity of bubble tea also has the potential to create additional fortunes and is a phenomenon particularly beloved by Millennials and Gen Zers.
US 30-Year Mortgage Rates Surge Past 7%: Mortgage rates in the US climbed past 7% for the first time this year.
bloomberg.com/news/articles/2024-04-18/us-mortgage-rates-surge-to-highest-since-november-hitting-7-1
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Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
India Begins Voting in World’s Biggest Election
bloomberg.com/news/live-blog/2024-04-19/india-election-starts
Bloomberg Weekend Reading: The Risky Economics of Global Uncertainty: Get caught up.
bloomberg.com/news/newsletters/2024-04-20/bloomberg-weekend-reading-the-risky-economics-of-global-uncertainty
Urban Apathy May Worsen Voter Turnout in Tech-Hub Bengaluru: India Votes: Each day, Bloomberg journalists take you across a selection of towns and cities as they ...
bloomberg.com/news/articles/2024-04-22/urban-apathy-may-worsen-voter-turnout-in-tech-hub-bengaluru-india-votes
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Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
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 ...
bloomberg.com/news/articles/2024-04-16/big-us-banks-surprise-trading-haul-blunts-lending-income-slump
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Global Bonds Fall on Waning Demand for Havens and Sales Deluge: US and German bonds are starting the week on the back foot amid waning demand for haven assets ...
bloomberg.com/news/articles/2024-04-22/global-bonds-fall-on-waning-demand-for-havens-and-sales-deluge
Turkey’s Central Bank Head Vows ‘Whatever It Takes’ on Inflation - Bloomberg: Turkish central bank Governor Fatih Karahan promised to do “whatever it takes” to ...
bloomberg.com/news/articles/2024-04-19/turkey-s-central-bank-head-vows-whatever-it-takes-on-inflation
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US, UK, Japan Propose Additional World Bank Funds to Boost Lending: Eleven rich countries including Japan, the UK and US proposed providing the World Bank with ...
bloomberg.com/news/articles/2024-04-19/rich-nations-propose-11-billion-for-world-bank-to-boost-lending
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Top Czech Utility Sues Central Bank Over Fine, Aktualne Reports: The Czech Republic’s dominant power producer CEZ AS has sued the country’s central bank over a ...
bloomberg.com/news/articles/2024-04-20/top-czech-utility-sues-central-bank-over-fine-aktualne-reports
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Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
Stock Market Today: Dow, S&P Live Updates for April 22: Asian stocks opened higher as focus shifted to a slew of company earnings and economic data this week for ...
bloomberg.com/news/articles/2024-04-21/asian-traders-brace-for-key-data-us-futures-rise-markets-wrap
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The UK Stock Market is Shrinking. Here's How to Save It.: Endless outflows need to be stopped — Charles Hall of broker Peel Hunt explains how and why.
bloomberg.com/news/newsletters/2024-04-19/the-uk-stock-market-is-shrinking-here-s-how-to-save-it
Next Africa: Rwandan Meddling Fuels Decades-Old Congo Conflict: Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where ...
bloomberg.com/news/newsletters/2024-04-19/next-africa-rwandan-meddling-fuels-decades-old-congo-conflict
Bloomberg New Economy: IMF Scrutinizes US Economy Instead of Going After China: As the US delegation looked to the annual springtime gathering of finance chiefs ...
bloomberg.com/news/newsletters/2024-04-20/bloomberg-new-economy-imf-scrutinizes-us-economy-instead-of-going-after-china
EU to Take Up Ukraine Support Baton After Major US Boost : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-22/eu-to-take-up-ukraine-support-baton-after-major-us-boost
Australia News Today: Global Economy Warning, Inflation Data in Focus: Good morning and welcome back, it’s Ainsley here with all the news you need to start the ...
bloomberg.com/news/newsletters/2024-04-21/australia-news-today-global-economy-warning-inflation-data-in-focus
Sugar Rises From Near One-Year Low on Signs of Tighter Supply: Sugar futures rose in New York as signs of tighter supplies buoyed prices that last week slumped ...
bloomberg.com/news/articles/2024-04-22/sugar-rises-from-near-one-year-low-on-signs-of-tighter-supply
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Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
bloomberg.com/news/articles/2024-04-19/economists-dial-up-us-gdp-forecasts-temper-fed-rate-outlook
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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 ...
bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound
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How US, China Seek Influence With Solomons and Other Pacific Islands: Competition is heating up between China and the US in the southern Pacific ...
bloomberg.com/news/articles/2024-04-16/how-us-china-seek-influence-with-solomons-and-other-pacific-islands
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Mexico Likely to Hit Pause on Rate Cuts in May, Heath Says - Bloomberg: Mexico’s central bank may vote unanimously to hold borrowing costs at 11% at its next ...
bloomberg.com/news/articles/2024-04-20/mexico-likely-to-hit-pause-on-rate-cuts-in-may-heath-says
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Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Argentine Province La Rioja Sued in NY Over Missed Bond Payment: The Argentine province of La Rioja was sued by creditors in US Court, escalating a legal battle ...
bloomberg.com/news/articles/2024-04-19/argentine-province-la-rioja-sued-in-ny-over-missed-bond-payment
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Iran Behshad Ship Linked to Houthi Red Sea Attacks Comes Home: An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home ...
bloomberg.com/news/articles/2024-04-18/iran-behshad-ship-linked-to-houthi-red-sea-attacks-comes-home
You Shouldn’t Be So Happy About Your Tax Refund. Here’s Why: I just wrote out a big check and got nothing in return.
bloomberg.com/news/newsletters/2024-04-18/you-shouldn-t-be-so-happy-about-your-tax-refund-here-s-why
These are the 12 global economic indicators to watch
The 12 Global Economic Indicators to Watch: Bloomberg created this real-time dashboard of key economic indicators from every corner of the world.
bloomberg.com/graphics/world-economic-indicators-dashboard/
Upgrade: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-23/upgrade-the-bloomberg-close-asia-edition
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Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
Gold Price Lowers as Middle East Tensions Ease as Traders Look to US Data: Gold edged lower as geopolitical tensions eased in the Middle East ...
bloomberg.com/news/articles/2024-04-22/gold-backtracks-as-middle-east-tensions-ease-following-strikes
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World Economy Latest: Geopolitical Overlap: I’m Chris Condon, a US economic policy writer in Washington, and today we’re looking at how security issues have been ...
bloomberg.com/news/newsletters/2024-04-19/world-economy-latest-geopolitical-overlap
Taylor Wimpey Sees UK Home Sales Dip Persist into First Quarter: Taylor Wimpey Plc is failing to see lower mortgage rates translate into higher levels of home ...
bloomberg.com/news/articles/2024-04-23/taylor-wimpey-sees-uk-home-sales-dip-persist-into-first-quarter
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How The American Workforce Got Hooked on Adderall: Why we just can't get enough.
bloomberg.com/news/articles/2024-04-18/how-the-american-workforce-got-hooked-on-adderall
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Rightmove Data on Asking Prices Shows UK Housing Market Turned a Corner: But asking price increases are still lagging wages and inflation.
bloomberg.com/news/newsletters/2024-04-22/rightmove-data-on-asking-prices-shows-uk-housing-market-turned-a-corner
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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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.
Mukesh Ambani’s Reliance Misses Profit Estimate on Petrochemicals Drag: Reliance Industries Ltd., led by billionaire Mukesh Ambani, posted a lower-than-expected ...
bloomberg.com/news/articles/2024-04-22/ambani-s-reliance-misses-profit-estimate-on-petrochemicals-drag
Bridgewater Adds China Stocks, Bonds After 6.4% Gain This Year: Bridgewater Associates’ onshore China hedge fund is adding exposure to local stocks and bonds ...
bloomberg.com/news/articles/2024-04-19/bridgewater-adds-china-stocks-bonds-after-6-4-gain-this-year
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Share Your Experience With Moving, Mortgage Rates In The US: Surveys show Americans are reluctant to move these days. Have you decided recently on a move ...
bloomberg.com/news/articles/2024-04-18/share-your-experience-with-moving-mortgage-rates-in-the-us
TikTok Faces Mounting Scrutiny in Europe, Too: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-23/tiktok-faces-mounting-scrutiny-in-europe-too
Cool, Britannia!: FTSE 100 Muddles Through to a Record: After getting past all the caveats about decline, it’s been a good run for the UK’s benchmark ...
bloomberg.com/opinion/articles/2024-04-23/cool-britannia-ftse-100-muddles-through-to-a-record
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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 ...
bloomberg.com/news/articles/2024-04-16/singapore-orders-all-employers-to-consider-employees-flexi-time-requests
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US Rent Inflation Looms Over Potential Interest-Rate Cut: Rent increases are taking longer to moderate in the Northeast and Midwest than in the West and South.
bloomberg.com/news/articles/2024-04-18/us-rent-inflation-looms-over-potential-interest-rate-cut
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S&P 500 Will Get Its Mojo Back From Strong Earnings: Index is struggling after hot start to year, in a rout since March record as bond yields are soaring
bloomberg.com/news/articles/2024-04-22/s-p-500-will-get-its-mojo-back-from-strong-earnings
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ECB Shouldn’t Rush Further Rate Cuts After June, Muller Says: The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in ...
bloomberg.com/news/articles/2024-04-20/ecb-shouldn-t-rush-further-rate-cuts-after-june-muller-says
Asia Steps Up Currency Defense as Mideast Strife Roils Market: Central banks from Jakarta to Seoul intensified the defense of their currencies ...
bloomberg.com/news/articles/2024-04-19/asia-steps-up-currency-defense-as-mideast-strife-roils-market
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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
Musk’s India Trip to See Breakthroughs for Starlink, Tesla: Days after Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings ...
bloomberg.com/news/articles/2024-04-20/musk-s-india-trip-to-see-breakthroughs-for-starlink-tesla
Home Renovations Boom Thanks to Higher US Mortgage Rates: Homeowners are staying put, and remodeling everything from bathrooms to kitchens.
bloomberg.com/news/features/2024-04-19/home-renovations-boom-thanks-to-higher-us-mortgage-rates
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China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
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