Capital intensity will reprogram Big Tech values
By Jefferey Goldfarb NEW YORK, May 7 (Reuters Breakingviews) – Big Tech is attempting the mother of all pivots. Although startups from Twitter to Instagram are renowned for remaking their businesses on the fly, none compares to the scale of the transformations underway at Microsoft (MSFT.O), opens new tab and other software giants that historically steered clear […]
Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent
By Jennifer A. Dlouhy, Kailey Leinz and Joe Mathieu 06/26/2025 23:17:07 [BN] Summary by Bloomberg AI The US and China have finalized a trade understanding reached last month in Geneva, which includes China’s commitment to deliver rare earths used in various industries. The White House plans to reach agreements with 10 major trading partners, with President Donald Trump prepared to […]
Trump Teases ‘Big’ India Trade Deal as Negotiators Harden Stance
By Shruti Srivastava 06/26/2025 21:35:07 [BN] Summary by Bloomberg AI US President Donald Trump says a “very big” trade deal could be signed soon that would open up the Indian market to American business. Trump’s comments offer a note of optimism for a potential interim trade deal, despite key differences persisting between the two sides. A team […]
Big Tech Is Smart to Invest Hundreds of Billions for AI Infrastructure. Here’s Why
By Tae Kim June 26, 2025 New Street analyst Pierre Ferragu is optimistic the hundreds of billions spent annually by large technologies companies for artificial-intelligence infrastructure will pay off for the industry. The analyst estimates the top four major data center technology companies— Alphabet GOOGL -0.20%, Amazon AMZN +0.85%, META +0.37%, Microsoft MSFT -0.46% —will grow […]
US Consumer Sentiment Climbs as Inflation Expectations Improve
By Nazmul Ahasan 06/27/2025 07:00:00 Summary by Bloomberg AI US consumer sentiment rose sharply in June to a four-month high, with the final June sentiment index increasing to 60.7 from 52.2 a month earlier. Consumers expect prices to rise 5% over the next year, down from 6.6% in May, and they saw costs rising at an […]
Donald Trump says US-China trade truce has been ‘signed’
Demetri Sevastopulo, Aime Williams, Myles McCormick in Washington and Edward White in Shanghai June 25th 2025 Donald Trump said on Thursday the US and China had signed a trade deal, two weeks after saying they had reached an understanding in London about how to implement a truce in the countries’ dispute. “We just signed with China yesterday,” the US president […]
EU and US Confident They Will Reach Tariff Deal by July Deadline
By Alberto Nardelli and Jorge Valero 06/27/2025 07:37:41 [BN] Summary by Bloomberg AI The European Union and the US believe they can reach a trade agreement before the July 9 deadline, when the US is set to impose a 50% tariff on nearly all EU products. European Commission President Ursula von der Leyen is confident a deal can be […]
AI sceptic Emily Bender: ‘The emperor has no clothes’
By George Hammond June 20th 2025 Before Emily Bender and I have looked at a menu, she has dismissed artificial intelligence chatbots as “plagiarism machines” and “synthetic text extruders”. Soon after the food arrives, the professor of linguistics adds that the vaunted large language models (LLMs) that underpin them are “born shitty”. Since OpenAI launched […]
US leading indicators slip in May, triggering recession signal, Conference Board says
June 20 (By Reuters) Reporting By Dan Burns, Editing by Nick Zieminski A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit […]
IMF Sounds Stagnation Alarm on Euro-Zone Economic Growth
By Kamil Kowalcze 06/19/2025 07:30:00 [BN] Summary by Bloomberg AI Europe risks stagnation due to slowing growth, weak investment, and rising geopolitical threats, according to the International Monetary Fund. The IMF calls for a “decisive push” to deepen the European Union’s single market, citing fragmentation across borders as a hindrance to innovation and corporate growth. The IMF […]