The Tech Industry Is Huge—and Europe’s Share of It Is Very Small
By Tom Fairless and David Luhnow May 19, 2025 BERLIN—The world’s technology revolution is leaving Europe behind. Europe lacks any homegrown alternatives to the likes of Google, Amazon or Meta. Apple’s market value is bigger than the entire German stock market. The continent’s inability to create more big technology firms is seen as one of […]
Trump executive order demands pharma industry price cuts
By Steve Holland, Michael Erman and Patrick Wingrove May 13th 2025 Reuters Trump tells drugmakers to cut prices to ‘most favored nation’ pricing Pharmaceutical shares rise as analysts question how it can be implemented Order calls for FTC to look for anti-competitive pricing WASHINGTON, May 12 (Reuters) – U.S. President Donald Trump signed a wide-reaching […]
Growth at US Service Providers Picks Up After Slumping in March
Summary by Bloomberg AI The Institute for Supply Management’s index of services increased 0.8 point to 51.6 last month, indicating expansion. The prices-paid gauge jumped 4.2 points to a more than two-year high of 65.1, with nearly 40% of purchasing managers reporting higher prices. Eleven industries reported growth last month, led by accommodation and food […]
Blackstone president sees ‘a ton’ of AI data center demand, commercial real estate recovery
MAY 5 2025 1:42 PM EDT UPDATED MON, MAY 5 2025 3:02 PM EDT Sean Conlon Although President Donald Trump’s tariffs have posed a threat to the artificial intelligence boom, Jonathan Gray of Blackstone thinks there is more gas in the tank for data center usage demand. “I think this trend is powerful. I think […]
Warren Buffett’s Favorite Valuation Indicator Flashes Buy Signal
Summary by Bloomberg AI The “Buffett Indicator” measures the ratio of the US stock market’s total value to the dollar value of US gross domestic product and is currently at its lowest level since early September. The indicator is now at 180%, around where it stood after a brief selloff last year, and is signaling […]
China Hints at Possible Thaw With US in Weighing Trade Talks
Summary by Bloomberg AI China’s Commerce Ministry says it is evaluating the possibility of trade talks with the US, following senior US officials’ expressions of willingness to talk about tariffs. The ministry urges the US to show “sincerity” towards China, and Beijing has quietly started exempting around $40 billion worth of US goods from tariffs, […]
Employers Added 177,000 Jobs in April Despite Tariff Uncertainty – The Wall Street Journal
Hiring slowed slightly from March’s pace, while the unemployment rate held at 4.2% By Chao Deng and Justin Lahart May 2, 2025 The Wall Street Journal The U.S. labor market steadily added jobs last month despite jolting tariff announcements that many economists expect will give way to a trade policy-induced slowdown later this year. The […]
US INSIGHT: Three Big Takeaways From the US Economy This Week
Summary by Bloomberg AI First-quarter GDP shrank 0.3% due to a surge in imports, but domestic demand was strong, with final sales to domestic purchasers up 2.3%. The ISM Manufacturing PMI was better than expected, but supplier deliveries slowed, prices accelerated, and export orders were down. April’s jobs report was strong, with 177k payrolls, a […]
Microsoft shares jump on earnings, revenue beat as Azure cloud business grows 33%
Jordan Novet April 30th, 2025 CNBC • Microsoft delivered better-than-expected results on the top and bottom lines. • The company’s Azure cloud business exceeded analysts’ estimates. • Wall Street will be focused on the company’s upcoming earnings call for a sense of how President Trump’s tariffs are impacting the business. Microsoft shares rose more than 6% […]
Visa Earnings Top Estimates as Spending on Network Stays Strong
Summary by Bloomberg AI Visa’s fiscal second-quarter earnings beat analysts’ estimates, with net income rising 6% to $5.44 billion and adjusted earnings per share totaling $2.76. Consumer spending remained resilient despite macroeconomic uncertainty, with payments volume reaching $3.34 trillion, although less than expected. Visa maintained its guidance for earnings per share to grow by a […]