Softer-Than-Expected Inflation Points to Muted Tariff Fallout
Softer-Than-Expected Inflation Points to Muted Tariff Fallout Summary by Bloomberg AI US inflation rose less than forecast in April, with the consumer price index increasing 0.2% from March, driven by tame prices for clothing and new cars. The report suggests that companies are absorbing some of the extra costs of higher tariffs, and consumers are […]
Saudi Arabia’s MBS Says Will Boost US Investments to $1 Trillion
By Paul Wallace 05/13/2025 08:37:23 [BN] (Bloomberg) — Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom will boost investments in the US to $1 trillion. The pledge came moments after the White House announced that the kingdom had committed to investing $600 billion in America.
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 […]
Tariffs are a bet on the free market rather than free trade
Financial Times May 12th, 2025 Innovation has stalled in a globalised era dominated by state-sponsored national champions The writer is an FT contributing editor, chief economist at American Compass and writes the Understanding America newsletter A notable feature of the latest US-China trade détente is the Trump administration’s apparent commitment to the 10 per cent global […]
Dan Ives says China-U.S. trade progress setting up ‘dream scenario’ for tech with Nvidia biggest winner
Frank Holland MAY 12 2025 CNBC Wedbush’s Dan Ives says the US- China agreement creates a bull market environment once again for tech, while a major investor thinks there’s a trading opportunity in bonds here. Dan Ives: ‘Dream Scenario’ “If you are a tech investor, this is a dream scenario,” said Dan Ives on CNBC’s […]
Lyft shares pop 23% after buyback; CEO says there are no signs of worry with the consumer
Samantha Subin May 9th, 2025 • Lyft CEO David Risher told CNBC’s “Squawk Box” that the company isn’t seeing “anything to worry about” with the consumer. • The ride-sharing company upped its share buyback plan to $750 million and posted better-than-expected gross bookings. • The company said the quarter was its 16th straight period of […]
Trump administration to rescind and replace Biden-era global AI chip export curbs
By Karen Freifeld and Arsheeya Bajwa May 7, 2025 Reuters Trump officials will replace Biden AI chip exports rule Biden rule divided the world into three tiers, with most countries subject to caps The rule was set to take effect on May 15 May 7 (Reuters) – U.S. President Donald Trump’s administration plans to rescind […]
Disney Raises Profit Forecast on Strong Parks, Streaming
Summary by Bloomberg AI Walt Disney Co. reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The company expects full-year fiscal 2025 earnings to rise 16% to $5.75 a share, driven by faster-than-expected growth at its theme parks […]
AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China
Kif Leswing May 6 2025 AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue. The company’s data center segment, including AI graphics and central processor sales, topped estimates and rose 57%. AMD’s forecast also included $800 million in costs that the company said it would incur […]
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 […]