Instant Reaction: Donald Trump Indicted
Source: Bloomberg, 12:41 #press
US Stripped of Top Rating by Fitch
Bloomberg's Wendy Benjaminson and Ryan Teague Beckwith discuss Fitch downgrading the United States' rating from AAA to AA+ and how the past issues of the debt ceiling debate played a part in this downgrade along with the current talks of a potential government shutdown later this year. Wendy and Ryan speak with Annmarie Hordern and Joe... #press
UK Consumers Needed Energy Relief — a Loophole Lost Them Millions
Drax, one of the country’s biggest energy producers, managed to avoid returning hundreds of millions to households during a historic cost-of-living crisis. #press
Car Injures 10 People Near NYC’s Grand Central Terminal, FDNY Says
A vehicle struck pedestrians near Lexington Ave. and East 42nd Street in Manhattan on Tuesday, causing 10 non-life-threatening injuries, the New York City Fire Department said. #press
Stock Slump: The Bloomberg Close, Europe Edition
Good afternoon. Here’s what you need to know to end your day. #press
The Latest ISM Data for July (Audio)
Source: Bloomberg, 3:17 #press
Smokers Are Lighting Up Cheaper Cigarettes as Inflation Stays Elevated
Altria Group Inc.’s customers are increasingly lighting up discount cigarettes as an adjustment to cope with inflation. #press
Bloomberg UK Politics: Not Easy Being Green (Podcast)
Source: Bloomberg, 26:00 #press
A Soft Landing in 2023 Doesn’t Imply the Eventual Landing Will Be Soft
All the chatter of late is about the US avoiding a recession altogether. On the surface that seems like a positive outcome. But when you consider the implications of a ‘no landing’ scenario, it becomes less appealing because of the risk that a decent recovery turns into... #press
Surveillance: Fed Cuts with Ausenbaugh (Podcast)
Source: Bloomberg, 32:12 #press
The Once All-Powerful Holdout Creditor Is a Thing of the Past
Europe created a new battleground in a bid to ditch holdouts in debt restructurings #press
Vanguard wants to make a splash across the pond. The trouble is, no one there knows what it is.
Read The Big Take ⬇️ https://trib.al/02Po8yI #press
As a heat wave bakes Europe, Tour de France riders are wearing vests filled with ice https://trib.al/TcRCwuN #press
The largest cinema chain operator in Indonesia, Nusantara Sejahtera Raya, raises about 2.25 trillion rupiah ($150 million) after pricing its IPO at the bottom of a marketed range, sources say https://trib.al/oi6T5J3 #press
Sports fans revere the stat sheet. CFOs honor the balance sheet.
CFOs like Fenway Sports Group's Julie Swinehart see how the two are linked.
On Bloomberg Chief Future Officer, she explains the connection. Watch the full episode: https://youtu.be/4XGh5YAeu3Y #press
US Climate Envoy John Kerry opens the first major climate talks with Chinese officials in almost a year, as both sides pledge to work for tangible results despite deep tensions https://trib.al/Q0W1nek #press
Two major Chinese chip equipment makers are predicting a doubling in profits — with one forecasting as much as 156% — after the US clamped down on tech exports https://trib.al/rdu494B #press
Not even a dovish New Zealand central bank has prevented a kiwi rebound extending, but that’s not stopping some investors from positioning for weakness https://trib.al/7FtxhRL #press
Hedge funds turned the most pessimistic on the yen in more than a year just as the currency was in the midst of a two-week rally https://trib.al/ubQWk4y #press
Indonesia named Budi Arie Setiadi as the new minister of communications and information technology, replacing Johnny Gerard Plate who was detained as part of an ongoing corruption case https://trib.al/ge328E9 #press