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 […]
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. […]
Broadcom rides on AI chip demand to deliver upbeat revenue forecast
By Harshita Mary Varghese and Max A. Cherney June 5, 2025 Reuters June 5 (Reuters) – Broadcom (AVGO.O), forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company’s shares fell 4% in extended trading, after gaining about 12% this year, as […]
ECB’s Lagarde sees weak growth, dominated by downside risks
The Business Times Dec 4, 2024 Eurozone economic growth could be weaker in the months ahead and the medium term outlook is uncertain with downside risks dominating, European Central Bank President Christine Lagarde said in a parliamentary hearing on Wednesday (Dec 4). The eurozone economy has been virtually stagnant for the past 18 months, and […]
Germans Aren’t Buying the Market Excitement About Friedrich Merz
Summary by Bloomberg AI German Chancellor Friedrich Merz is preparing for his first visit to the White House, with investors backing him to lead an economic resurgence driven by a major program of spending on infrastructure and defense. However, obstacles include Donald Trump’s grudge against Europe’s biggest economy and concerns that Germans may not have […]
Big Tech Is Back in S&P 500 Driver’s Seat as Profit Engines Hum
Summary by Bloomberg AI ▪ The same technology giants that contributed to the S&P 500’s decline in April are now driving the recovery in US equities. ▪ Big Tech results have shown demand for cloud-computing services, software, electronic devices, and digital advertising remains intact despite trade tensions. ▪ The Magnificent Seven stocks (Nvidia, Microsoft, Tesla, […]