The Fed’s Unanimous 25-basis-point Hike Puts Trump and Warsh on Collision Course
The Fed bucked political pressure and voted unanimously for a 25-basis-point hike.
The Fed bucked political pressure and voted unanimously for a 25-basis-point hike.
The Lindsey Graham Russia sanctions bill is on a path to become law after the House votes in favor.
Federal Reserve Chairman Kevin Warsh has said he thinks policymakers should do a lot less talking. He followed his own advice on Wednesday when he held the shortest press conference on record for a Fed chair speaking after a regularly-scheduled…
Brazil’s state-controlled oil company Petrobras SA signed production-sharing contracts for eight exploratory offshore blocks in Ivory Coast, its latest move to expand its footprint in Africa.
Shorter-dated Asian sovereign bonds fell, tracking moves in Treasuries after the Federal Reserve raised interest rates for the first time since 2023 and signaled further tightening to curb inflation. The dollar gained the most since June.
Oil dropped for a second day on signs of easing Middle East supply disruptions, with a key pipeline being restored.
Holtec Nuclear Corp., a supplier of specialty services to the nuclear power industry, suspended its planned US initial public offering, according to people familiar with the matter.
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
Federal Reserve Chairman Kevin Warsh speaks after the central bank's decision to raise interest rates by 25 basis points. Here are some of the key moments from Warsh's news conference. (Source: Bloomberg)
Manju Boraiah, Senior PM and Head of Systematic Fixed Income at Allspring Global Investment, reacts to Wednesday's Fed rate decision saying fundamentally, 'we needed the hike.' He also discusses how investors can break out from frozen positions…
Bess Freedman, CEO of Brown Harris Stevens, discusses a growing divide between affluent buyers and everyone else in the housing market. In response to a comparison with luxury consumer spending, Freedman says high-end real estate can often keep…
Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.
Brazil’s central bank cut its interest rate by a quarter-point as inflation slows and the economy fades, just weeks before a tight presidential election that is fueling uncertainty over how much more policymakers can ease.
The Federal Reserve raised interest rates by a quarter percentage point and plans an additional hike later this year to contain inflation. Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of "Bloomberg Surveillance" covering the…
Stephanie Aliaga, Global Market Strategist at JPM Asset Management, reacts to Fed Chair Warsh's remarks after raising interest rates. She argues that while oil prices are a long-term driver of inflation, the AI buildout is also having a significant…
The Fed on Wednesday delivered a much-expected interest rate hike.
California Public Employees’ Retirement System voted Wednesday to give its chief executive officer a $1.1 million bonus and a salary bump as state workers fight for higher pay.
Billionaire Leon Black is suing the House Committee on Oversight and Government Reform seeking to block subpoenas it issued him in its probe of Jeffrey Epstein.
The Trump administration, following up on its efforts to boost domestic biofuels production, is taking the next step to help the industry: targeting policies abroad that limit uptake of fuels made from US crops.
President Donald Trump says renovations at the Kennedy Center will not occur until the courts allow his name to be restored on the performing arts center.
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: GFL Environmental Founder & CEO Patrick Dovigi, Norton Rose Fulbright Montreal…
Foreign holdings of US Treasuries fell in July to the lowest level since October, led by declines in the stockpiles of France and Canada.
Jeffrey Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, reacts to the Federal Reserve's decision to raise interest rates by 25 basis points. He speaks on "Bloomberg Surveillance: The Fed Decides." (Source: Bloomberg)
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
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