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Learn MoreThe latest news of the stock market
26
2022-06
Banking body urges decisive wave of global rate hikes to stem inflation
The world's central bank umbrella group called for interest rates to be raised "quickly and decisively."
26
2022-06
Stagflation Threat Needs Central Bank Action, BIS Warns - Bloomberg
Stagflation Threat Needs Central Bank Action, BIS Warns Bloomberg
26
2022-06
Lagarde's Moment of ECB Crisis Reckoning, in a London Basement
It was while sitting apparently alone in a London hotel basement that Christine Lagarde engineered a fix to the euro zone’s most alarming debt turmoil since the pandemic struck.
26
2022-06
Russia Is Hours Away From Its First Foreign Default in a Century
After months of teetering on the edge of default, Russia is now just hours away from a dramatic moment in the financial battle that the US and others have waged against the Kremlin over its invasion of Ukraine.
26
2022-06
Metals Haven't Crashed This Hard Since the Great Recession
Prices for copper, tin and other metals plummeted last week as recession fears grow.
26
2022-06
Beijing Offers Cash Subsidies to Spur Demand for New Energy Cars
China’s capital city is offering subsidies for purchases of new-energy vehicles to replace old cars, the latest attempt by local authorities to boost consumption in a slowing economy.
26
2022-06
Macron Asks French PM to Seek New Cabinet and Parliament Allies
French President Emmanuel Macron, whose party lost its outright majority in the lower house of Parliament a week ago, asked Prime Minister Elisabeth Borne to form a new cabinet by early July and sound out lawmakers from other parties about reforming the count…
26
2022-06
UK Farm Recruiters Shun Russians Even as Labor Shortages Bite
Garnik Kazarian, a 31-year-old from Moscow, spent almost three months last year picking strawberries on a farm in Scotland. His hopes to return to the UK this season were dashed when a recruitment firm canceled the sponsorship certificate he needed to get a v…
26
2022-06
Ukraine Latest: Russian Missiles Hits Kyiv Apartment Buildings
Four Russian missiles struck residential buildings in the center of Ukraine’s capital early Sunday in what Kyiv Mayor Vitali Klitscho said was an attempt to “intimidate Ukrainians.” The strikes followed widespread bombardments in the north and west on Saturda…
26
2022-06
China's Dandong Warned of Risks for Continuous Covid Flareups - Bloomberg
The Chinese city of Dandong, which borders North Korea, warned on Sunday of a persistent risk of new Covid-19 flareups as it gradually opens up from a weekslong lockdown.
26
2022-06
Scholz Targets Turnaround After Stumbling Start as German Leader
The G-7 summit in the Bavarian Alps offers the chancellor a prime opportunity to counter critics who see him as out of his depth.
26
2022-06
Russian Oil: Putin Would Never Agree to Capping Prices
Putin has already shown that the country’s economy is of secondary importance to his imperialist ambitions.
26
2022-06
Australian Treasurer Chalmers Sees Inflation 'Problem' Worsening
Australia’s inflation “problem” will get worse in coming months and the situation is expected to improve only in 2023, Treasurer Jim Chalmers said.
26
2022-06
Mary Miller Calls Roe Decision a 'Victory for White Life
New York (AP) -- U.S. Rep. Mary Miller of Illinois, speaking at a rally Saturday night with former President Donald Trump, called the Supreme Court's decision overturning Roe v. Wade a “victory for white life.”
26
2022-06
Thaksin Family Scion Is Top Choice of Thais in Survey for PM Job
Paetongtarn Shinawatra, daughter of former Thai premier Thaksin Shinawatra, is the top choice of voters to lead the Southeast Asian nation after it holds general elections in less than a year, according to an opinion poll.
26
2022-06
China Changes Law So It Can Hit Back at Insults at Sports Events
Chinese lawmakers approved a change to the law that would allow it to fight back at any perceived insult at international sporting events, underscoring the lengths President Xi Jinping’s government will go to protect China’s reputation abroad.
26
2022-06
Crypto Exchanges Hunker Down as Everything Goes Wrong in India
India’s largest digital assets exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists.
26
2022-06
California Tentative Deal Offers Up to $1,050 Gas Price Relief
California families would get as much as $1,050 to offset rising gas prices and inflation under a tentative agreement between Gov. Gavin Newsom and Democrats in the Legislature.
25
2022-06
G-7 Negotiators Put Russia Oil Price Cap on Agenda for Leaders
Group of Seven negotiators agreed that discussions on a potential price cap on Russian oil had progressed enough to send the issue to leaders to discuss at a summit starting Sunday in Germany, according to people familiar with the matter.
25
2022-06
A Defiant Boris Johnson Says He’s Staying UK Leader Into 2030s
Embattled UK leader Boris Johnson said he plans to stick around as prime minister for a third term until the mid-2030s, an act of defiance in the face of mounting political defeats and pressure within his own Conservative Party.
25
2022-06
Commonwealth Targets $2 Trillion in Trade by 2030 Amid Expansion
Togo and Gabon officially joined the Commonwealth Saturday, continuing an expansion of the group of nations beyond ex-British colonies as smaller states seek to benefit from an association that could bring $2 trillion in trade by 2030.
25
2022-06
Planned Parenthood Utah Files Lawsuit Over State’s Trigger Ban
Planned Parenthood Association of Utah filed a lawsuit seeking to block Utah’s new law banning all elective abortions that went into effect late Friday.
25
2022-06
Eco Week: Powell Shares His Troubles With Lagarde and Bailey
When the central bank chiefs of the US, the euro zone and the UK exchange views in public on Wednesday, the admonishments of politicians may still be ringing in their ears.
25
2022-06
Monkeypox Isn’t International Public Health Emergency, WHO Finds
The World Health Organization opted against calling the recent monkeypox outbreak a public health emergency of international concern.
25
2022-06
Bond Traders Are Trapped Between Recession and Inflation Fears - Bloomberg
Bond investors are torn about whether the recent pullback in yields -- fueled by increasing fear of recession -- marks an end to the worst Treasury bear market of the modern era, or just a pause.
25
2022-06
Key Words: Greta surprises Glastonbury: Stop the oil ‘loopholes,’ she tells roaring crowd
Greta Thunberg roused the crowd at the popular Glastonbury festival into chants of “climate … justice.”
25
2022-06
Officer Suspended for Off-duty Actions At Abortion Protest
Providence, R.I. (AP) -- A Rhode Island police officer accused of punching a woman at an abortion protest while he was off-duty was suspended from his job with pay Saturday while the Providence Police Department conducts a criminal investigation into his acti…
25
2022-06
Anti-Abortion States Blocked From Accessing ID by Washington
Washington Governor Jay Inslee pledged to block hardline anti-abortion jurisdictions such as Texas from learning who travels to the state for the procedure, the latest escalation in the US divide over reproductive rights.
25
2022-06
Supreme Court Reverses Roe v. Wade(Podcast)
Host June Grasso speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news.
25
2022-06
Fear Has Gone Missing in Wall Street’s Slow-Motion Bear Market
For all the pain that has piled up in the US stock market, one thing has been in surprisingly short supply: Fear.
25
2022-06
Isolating China Won't Help Hong Kong and Uyghurs, Says Dutch Leader
Dutch Prime Minister Mark Rutte said he opposes reconsidering trade relations with China over its policies toward Hong Kong and its Uyghur minority.
25
2022-06
Living With Climate Change: These solar and green hydrogen ‘nanogrids’ come together like Legos, keep hospitals humming after hurricanes
Women-led startup Sesame Solar --- which has Comcast and U.S. Air Force as customers --- says its "nanogrid" emergency power generator is set up in 15 minutes.
25
2022-06
US Layoffs, Hiring Freezes Are Tip of Labor Market Slowdown
The US labor market is stronger today than many thought possible. But cracks are emerging, signaling that it’s not going to last.
25
2022-06
US, Other G-7 Nations to Pledge Ban on New Russian Gold Imports
US President Joe Biden and fellow Group of Seven leaders will agree to announce a ban on new gold imports from Russia, a person familiar with the plan said, the latest sanction in response to the Russian invasion of Ukraine.
25
2022-06
SocGen CEO Sees Organic African Growth in 'Uncertain Climate'
Societe Generale SA Chief Executive Officer Frederic Oudea said the French lender wants to grow organically in Africa amid uncertainties such as the post-pandemic recovery and insecurity.
25
2022-06
BTG-Backed Eneva Raises $801 Million in Brazil Share Offering
Eneva SA, the Brazilian power company that counts Banco BTG Pactual SA among its backers, has raised 4.2 billion reais ($801 million) in an equity offering.
25
2022-06
Amazon Employees Want Amazon to Ban Books They Deem Anti-Transgender
Amazon Employees Want Amazon to Ban Books They Deem Anti-Transgenderbloomberg.com
25
2022-06
Bangladesh Unveils Bridge Shunned by World Bank a Decade Ago
In 2012, the World Bank canceled a $1.2 billion loan to build Bangladesh’s longest bridge citing corruption, which the government said was never proven. Prime Minister Sheikh Hasina said days later her government would build the bridge with its own funds.
25
2022-06
: Pfizer says updated COVID-19 booster can provide more protection against super-contagious omicron
Pfizer and BioNTech say in update that changing the COVID-19 vaccine to better target the omicron variant is safe and effective.
25
2022-06
With Roe Overturned, Canada Could Become an Abortion Destination
The Bloor West Village Women’s Clinic in Toronto has had very few American patients, despite advertising its abortion services internationally. That may be about to change.
25
2022-06
Zimbabwe Plans Triple-Digit Interest Rate Hike to Tame Inflation
Zimbabwe’s central bank plans to more than double the benchmark interest rate -- already the highest in the world -- to 190%, a member of its monetary policymaking committee said, as it seeks to put a brake on soaring inflation.
25
2022-06
Macron's Party Seeks to Enshrine Abortion Right in Constitution
President Emmanuel Macron’s party will seek to enshrine the right to abortion in the French Constitution after several US states imposed an immediate ban following Friday’s Supreme Court’s ruling.
25
2022-06
This couple left the U.S. to travel full-time—and cut expenses by 50%: 'We've lived in London, Rome and Lisbon'
In 2021, Kimanzi Constable and his wife sold their house in Florida and left the U.S. to travel the world full-time. Now, they're living as digital nomads in cities like Lisbon, Rome and Nice — and cut their monthly spending budget by 50%.
25
2022-06
Market Extra: Congressional review of ‘meme stock’ trading frenzy shows Robinhood’s liquidity troubles worse than reported
A new House report suggests Robinhood's senior leaders were blindsided by their clearing house's collateral demands.
25
2022-06
Bitcoin Options Point to Positive Signs After Rout, Traders Say
Crypto is undergoing a historic bout of volatility, but options traders are seeing positive signs within the market in the wake of the ruckus and controversy that overtook digital-asset lenders and others in the sector.
25
2022-06
BookWatch: A cover letter for a job application sounds old-fashioned, but here’s why you still need to write one
A well-crafted cover letter can open doors that might otherwise have remained closed.
25
2022-06
Biden Criticizes Supreme Court for Making ‘Terrible Decisions’
President Joe Biden criticized the US Supreme Court for making “terrible decisions,” a day after it struck down the constitutional right to abortion.
25
2022-06
Social Media Buzz: Gun Legislation, Abortion, Norway
What’s buzzing on social media this morning:
25
2022-06
Spain Plans $9.5 Billion in Inflation Aid; Windfall Energy Tax
Spain plans to hand out an extra 9 billion euros ($9.5 billion) in new tax breaks and direct aid to soften the impact of soaring prices threatening the euro area’s fourth-largest economy.
25
2022-06
Singapore Regulator Praises Leaders of Crypto Firms Like Binance - Bloomberg
Just days after saying Singapore is “brutal and unrelentingly hard” on bad behavior in the crypto industry, Sopnendu Mohanty, chief fintech officer at the city’s regulator, struck a cordial tone.
25
2022-06
Market Snapshot: Recession scare starting to challenge inflation as top fear among stock and bond investors
"The inflation rhetoric is cooling while the recession narrative is gaining headlines," says Bob Schwartz, senior economist at Oxford Economics.
25
2022-06
Biden Signs Bipartisan Gun-Safety Bill Into Law After Massacres
President Joe Biden signed gun-safety legislation into law that he called the most significant of its kind in decades, restricting firearms access for the youngest buyers and offering incentives for states to set up “red flag” laws.
25
2022-06
China Creates Yuan Liquidity Reserve Pool With BIS, Five Others
The People’s Bank of China will create a yuan reserve pool with the Bank for International Settlements and five other regulators to provide liquidity to participating economies in periods of market volatility.
25
2022-06
How giving yourself gifts can help you save more money
You need to establish short-term rewards for yourself to achieve long-term goals, according to Charles Duhigg, author of "The Power of Habit."
25
2022-06
A Seismic Abortion Ruling Rocks America: Weekend Reads
The US Supreme Court overturned the 1973 Roe v. Wade decision in a historic ruling that ended the constitutional right to abortion and will likely make the procedure largely illegal in half the country.
25
2022-06
EU, Iran Agree to Restart Nuclear Talks in Coming Days: Borrell
Iran has agreed to restart talks with the US, facilitated by the EU to solve outstanding issues in the coming days, EU Vice President Josep Borrell Fontelles says in a series of tweets.
25
2022-06
The Chief Stands Alone: Roberts, Roe and a Divided Supreme Court
On a US Supreme Court dominated by an ambitious conservative wing, Chief Justice John Roberts has become a man on an island.
25
2022-06
Latin America Boils Inside a Perfect Storm of Economic Crises
When the police of El Puyo, a provincial capital in Ecuador’s Amazon region, were confronted this week by a crowd of protestors enraged by surging fuel prices, they opted to flee.
25
2022-06
These Electric Cars Are Quietly Dominating the EV Market - Bloomberg
The hottest electric cars in the US market aren’t coming from Tesla factories. All eyes are on Hyundai’s Ioniq 5 and the Kia EV6.
25
2022-06
Roe Overturned: Now What?
Hi, it’s Cynthia writing from New York. We wouldn’t normally send you a newsletter on a Saturday but these aren’t normal times: The Supreme Court just voted to overturn the landmark Roe v. Wade decision that grants women the right to abortion. First, let’s lo…
25
2022-06
: Former Trump aides testify that several Republican lawmakers asked for presidential pardons after Jan. 6 attack on Capitol
At least one GOP congressman is said to have inquired about a ‘blanket’ pardon a month earlier.
25
2022-06
Wall Street Banks Quietly Test Cyber Defenses at Treasury's Direction - ITPro Today
Some of largest U.S. banks are working with the Treasury Department, engaging in cybersecurity simulation exercises, and sharing information they would have guarded closely in the past.
25
2022-06
Moving to Ban Juul, the FDA Delivers a Blow to Big Nicotine
Marlboro maker Philip Morris, which has a stake in the e-cigarette maker, takes a hit, too.
25
2022-06
Miner Capitulation Means Bitcoin Bottom Is Near: CryptoQuant
A major “capitulation event” in which Bitcoin miners funnel thousands of tokens to exchanges could signal an approaching bottom for the world’s largest cryptocurrency, if history is any guide.
25
2022-06
PBOC Adviser Says China GDP Target 'Difficult' to Achieve - Bloomberg
Effects related to the Covid pandemic in recent months will make it challenging for China to meet its 5.5% annual growth target, a central bank adviser said, adding that pro-economy policies including special bond issuance could be on the way.
25
2022-06
Germany Pushes for G-7 Reversal on Fossil Fuels in Climate Blow
Germany Pushes for G-7 Reversal on Fossil Fuels in Climate Blowbloomberg.com
25
2022-06
Europe's Travel Woes Deepen as Strikes Add to Scrapped Flights
A wave of airline strikes and flight cancellations is deepening Europe’s transport crisis, disrupting travel plans just as the region’s peak summer season gets under way.
25
2022-06
JPMorgan Says Bitcoin Miner Sales May Keep Pressuring Price - Bloomberg
Bitcoin miners needing to sell could weigh on the token’s price for some time, according to JPMorgan Chase & Co.
25
2022-06
London’s Prime Shopping Street Has a Case of Long Covid
Regent Street, London’s premier shopping thoroughfare, is struggling to shake off the lingering effects of Covid-19.
25
2022-06
Ukraine Latest: Russian Missile Barrage; German Fossil Fuel Plan
Russia started the fifth month of its invasion with widespread bombing of Ukrainian military and infrastructure targets, including in far western areas some 800 miles from major fighting in the Donbas. Airstrikes were launched from Belarusian territory for th…
25
2022-06
Ireland's Abortion Battle Can Help Post-Roe America - Bloomberg
A conversation with Orla O’Connor, co-director of Together For Yes, the civil society campaign that helped overturn Ireland’s abortion ban, on advocacy and how to build lasting support for women’s rights.
25
2022-06
Putin’s War Is Forcing Italy to Rethink Its Historic Ties to Russia
The invasion of Ukraine is exposing a fissure over attitudes to Moscow that runs through Italian business, politics and society at large.
25
2022-06
Global Equities Rout Hits Kenya’s Benchmark Harder Than Most
There’s no place to hide for Kenya’s battered stock market amid the turmoil that’s weighed on equities globally this year.
25
2022-06
Wimbledon CEO Says Russian Player Ban Is For This Year Only
Wimbledon’s decision to ban players from Russia and Belarus may not last beyond this year, says All England Lawns Tennis Club CEO Sally Bolton.
25
2022-06
Dutch Premier Says It’s Up to Italy to Contain Bond Spreads
Dutch Prime Minister Mark Rutte said Italy should take charge of managing the cost of its government debt in financial markets.
25
2022-06
Understanding Crypto Liquidation, Margin Calls and Bots - Bloomberg
It’s a vicious circle long familiar to those in traditional finance: trades made with borrowed money coming apart when the value of their collateral put up against the loans drops, forcing liquidations that in turn push prices down further. That pattern, driv…
25
2022-06
UK Petrol Prices: The Great Outsourcing Trend That Caused This
UK is among industrialized countries that closed down huge amounts of oil refining
25
2022-06
Lufthansa Sees No End to Disrupted Flights Until 2023, Welt Says - Bloomberg
Deutsche Lufthansa AG doesn’t expect flight operations to return to normal until next year, after cutting 3,100 flights from its summer schedule due to staff shortages.
25
2022-06
Singapore Widens Tuberculosis Checks After Large Cluster Emerges
Singapore imposed mandatory screening for tuberculosis in an apartment block after about 170 people tested positive for the infectious disease.
25
2022-06
Beijing Reopens Schools for More Students as Covid Cases Ease
Beijing will allow schools to resume in-class teaching as early as Monday, removing one the last major curbs in the capital as the outbreak of Covid-19’s omicron variant finally comes under control.