US wholesale inflation remained elevated in October, as the producer price index rose 6.5% from a year earlier. The PPI advanced 0.3% from a month earlier, according to Bureau of Labor Statistics data out Friday. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Gold smuggling from Africa to the United Arab Emirates showed little sign of slowing after the Gulf state introduced tougher sourcing rules, according to a new report by SwissAid.
US equity futures rise as investors await the latest inflation data to cap a dramatic week. Microsoft sees signs of early stabilization from a global service outage affecting Outlook, Teams, and Copilot. US Commerce Secretary Howard Lutnick comes under scrutiny amid Nvidia’s leadership crisis. Michael Purves of Tallbacken Capital joins “Bloomberg Brief” to discuss the latest bond rout and look ahead to the PPI data. (Source: Bloomberg)
US equities fell Friday as investors are reassessing the risks of the artificial intelligence trade, even as wholesale inflation data helped ease fears of an outsized interest-rate hike.
Violent clashes between security forces and protesters demanding the reopening of artisanal gold mines in northeastern Guinea killed 10 people, including five foreign nationals, the government said.
The fall of Nvidia Corp. Chief Executive Officer Jensen Huang has removed the industry’s most prominent opponent of US chip controls, setting up a showdown over potential new curbs that could accelerate China’s drive for semiconductor self-sufficiency. Huang’s exit on Thursday smooths the way for lawmakers and the US Commerce Department to choke off China’s access to computing power through smuggling and other workarounds. Those measures, if enacted, risk provoking Beijing to retaliate and shattering a fragile truce reached by Donald Trump and Xi Jinping over their cordial summits. For more, Bloomberg's Nathan Hager speaks with Gene Munster, Deepwater Asset Management managing partner and Dan Ives, Yorkville Ives founder and managing partner (Source: Bloomberg)
South Africa needs an additional $75 billion in annual investments to meet its growth objectives, the former leader of the continent’s biggest lender by assets said.
Officials in the UK Department for Energy and Net Zero are pushing to speed up a project to identify households most in need of help with energy bills.
Global equity funds are attracting record inflows this year, with few investors willing to make bearish bets, according to Bank of America Corp. strategists.
Russia’s October revenues from crude and petroleum-product exports hit the highest since May as the ongoing Iran war bolstered oil prices, according to the International Energy Agency.
The US has assured India of lower tariffs than those of its peers under the trade deal the two sides are negotiating, an official familiar with the matter said.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Azeem Azhar, Exponential View Founder; Arend Kapteyn, UBS Investment Bank Global Head of Economics & Strategy Research; Ipek Ozkardeskaya, Swissquote Senior Analyst; Bill Browder, Hermitage Capital Management CEO (Source: Bloomberg)
Brazilian steelmaker Cia. Siderurgica Nacional SA’s shares and bonds slumped as investors digested disappointing results and pressed its newly appointed chief executive officer over the conglomerate’s leverage targets.
Bronek Masojada had a reputation as a tough leader in the insurance world he worked in for three decades. He’s now planning to bring that same rigor to his role as Lord Mayor of the City of London in a push to boost the UK’s competitiveness — and put its trillions of pension savings to work.
Microsoft is struggling to restore access to its flagship software half a day after an outage began, leaving users unable to access email and chat services in one of the tech giant’s most severe disruptions in recent memory.
US stock futures edged lower ahead of inflation data that will cap a dramatic week of mounting bets on Federal Reserve interest-rate hikes and the ouster of Jensen Huang at Nvidia.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Correct: Graphic edited at 00;34;36;07 to update Lagarde departure month. (Source: Bloomberg)
Nearly half of Mexicans have little or no confidence the country’s electoral authority can organize fair elections next year, according to a new poll, as a widening graft scandal batters the institution.
Africa’s biggest money manager and Nigerian pension-fund administrators applied for almost $1 billion of shares in Dangote Petroleum Refinery and Petrochemicals FZE, according to people familiar with the matter.
