TSMC Revenue Climbs 39% in Latest Sign of AI Spending Boom
By Debby Wu 07/09/2025 22:41:09 [BN] Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue rose 39% in the June quarter, beating the average analyst projection. TSMC Chief Executive Officer C.C. Wei says AI chip demand still outstrips supply, and the company has pledged to spend $100 billion ramping up manufacturing. According to Charles Shum, analyst, TSMC […]
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 […]
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 […]
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 […]
Treasuries Rally as Inflation Data Fuels Bets on Fed Rate Cuts
By Michael Mackenzie and Alice Atkins 06/11/2025 05:50:44 [BN] Summary by Bloomberg AI US Treasuries surged after data showed underlying US inflation rose in May by less than forecast for the fourth month in a row. Traders priced in 48 basis points of Fed easing before the end of the year, with a cut in September now more likely. […]
U.S. Debt to GDP: A Post-WWII Comparison to the Modern Era and Fiscal Policy Implications
Chris Combs Silicon Valley Capital Partners May 21, 2025 The United States has faced high levels of national debt during two significant periods: the post-World War II era and the current fiscal environment. Although the debt-to-GDP ratios in both periods are similar, the responses and outcomes differ significantly. This paper explores these similarities and differences, […]