Category: Business
-
Shiseido Co. shares surged as much as 11% on Thursday morning, the most in nearly four months, after the company’s second quarter profit beat estimates. Source: Bloomberg Markets.
-
The Federal Reserve is in a bind. After shockingly weak jobs data on Friday — and with inflation stubbornly above trend — it’s becoming clear that the central bank’s dual mandates of maximum employment and price stability are both offsides and pulling in opposite directions. What should the Fed do? Source: Bloomberg Markets.
-
Arabica coffee futures dropped in volatile trading ahead of steep US tariffs on goods from top grower Brazil. Source: Bloomberg Markets.
-
UniCredit is a “large investor” in Commerzbank and the firms have “regular investor talks” as a result, Commerzbank’s CEO Bettina Orlopp says on Bloomberg Television. (Source: Bloomberg) Source: Bloomberg Markets.
-
Gold held its longest streak of gains since February, boosted by fears of a US economic slowdown that have increased haven demand, along with traders’ bets on lower interest rates. Source: Bloomberg Markets.
-
Larry Sabato, director of The Center for Politics at the University of Virginia, breaks down the potential fallout from both the Republican redistricting gambit and Democrats’ response ahead of the 2026 midterm election (Source: Bloomberg) Source: Bloomberg Markets.
-
The water-pipeline system in the biggest cities in Burundi has collapsed, with residents resorting to taking buckets to central pickup points and rivers to obtain the basic commodity. Source: Bloomberg Markets.
-
Tesla approved an interim stock award with about $30 billion for CEO Elon Musk, a massive payout to keep the billionaire’s attention on the automaker as a legal fight over a 2018 pay package drags on. Bloomberg’s Danny Lee reports. (Source: Bloomberg) Source: Bloomberg Markets.
-
Gold held a small gain after traders became increasingly optimistic that the US Federal Reserve will cut rates at its next meeting in September. Source: Bloomberg Markets.
-
Roundhill Investments CEO David Mazza explains why they are launching a humanoid robotics ETF and discusses their intentions to provide exposure to companies that have direct plans to commercialize robots. He explains more on “Bloomberg ETF IQ.” (Source: Bloomberg) Source: Bloomberg Markets.