Alphabet and Meta, competitors in online advertising, have entered into a strategic partnership. Meta will use Google Cloud services to support its data center infrastructure and its expansion into artificial intelligence, a deal valued at over $10 billion over six years.
US stock markets fell and bond yields rose ahead of Jerome Powell's speech. A strong manufacturing report rekindled inflation fears, reducing expectations of rate cuts. The S&P 500 experienced its longest decline since January, and Walmart Inc. fell following disappointing results.
Meta Platforms has entered into a strategic partnership with Google for cloud services, a contract valued at over $10 billion. This agreement aims to support Meta's operations and strengthen its technological infrastructures, marking a significant collaboration between the two tech giants.
The Federal Reserve's annual conference, hosted by the Kansas City Fed in Jackson Hole, Wyoming, began Thursday evening. This three-day event brings together central bankers, economists, and journalists from around the world for key discussions on monetary policy.
Kia, the second South Korean car manufacturer, has announced a partnership with the startup Autonomous A2Z for the production of Level 4 autonomous vehicles. Kia will supply PV5 models, based on the PBV system, to A2Z, which will convert them into autonomous cars capable of operating without human intervention.
NVIDIA has reportedly ordered the suspension of production of its H20 chip, designed specifically for the Chinese market. This decision comes after the launch of production in November, raising questions about the impact of trade restrictions and the company's future strategy in China.
Renowned investors, including Peter Thiel, are increasing their positions in Ether. Proponents believe that Ethereum is poised to become the preferred platform for the global financial sector, highlighting its transformative potential and widespread adoption in financial services.
Financial markets estimate the probability of a new cut in the European Central Bank's key interest rates in September at only 5%. This forecast reflects a strong expectation of a stable monetary policy from the institution.
The "Balance of Power" show explores the intersection of politics and global affairs. Former Vice President Mike Pence and Chicago Fed President Austan Goolsbee discuss calls for Lisa Cook's resignation and U.S. economic data. AriZona Beverage Company co-founder Don Vultaggio discusses the impact of tariffs on prices.
Former Vice President Mike Pence has expressed concerns regarding a potential U.S. government stake in Intel Corp. and a share of Nvidia Corp.'s AI chip sales to China. He emphasized that this strategy was not employed during the Trump-Pence administration, despite the current President's interest in increased government involvement in businesses.
Oil prices remained stable, with the market evaluating the prospects of Russian crude flows to India. A Trump administration official intensified criticism of this trade, anticipating an increase in customs duties. The potential impact on energy trade is closely monitored.
UK consumers showed a slight rebound in confidence regarding their finances this month, following the Bank of England's reduction in borrowing costs. However, overall sentiment remains fragile due to broader persistent economic uncertainties.
Consumer price inflation in Japan remains clearly above the Bank of Japan's target, although its growth has slowed. This situation strengthens market expectations for another hike in key interest rates by the central bank this year.
Japan's core inflation slowed for the second consecutive month in July, while remaining above the Bank of Japan's 2% target. This situation maintains market expectations for a further interest rate hike in the coming months.
Consumer price inflation in Japan remained significantly above the 2% target set by the Bank of Japan in July. This persistence strengthens expectations of an upcoming interest rate hike by the central bank.
Two South African oil workers, Peter Huxham and Frik Potgieter, shared their experience after two years of detention in Equatorial Guinea for drug trafficking. Their arrest followed the seizure of a yacht linked to Vice President Teodoro Nguema Obiang Mangue. This episode explores the conditions of detention and the diplomatic and investment implications for Equatorial Guinea.
HPS Investment Partners and a group of lenders including Apollo Global Management Inc. are close to acquiring more than $2.2 billion of buyout debt that has been stuck on bank balance sheets following market disruptions caused by the Trump administration’s tariff proposals.
Japan's consumer price inflation remained significantly above the 2% target set by the Bank of Japan in July. This persistence strengthens expectations of an upcoming interest rate hike by the central bank.
Former US Vice President Mike Pence shares his thoughts on Federal Reserve independence, tariffs, and the Russia-Ukraine war during an interview with Bloomberg's Tyler Kendall and Michael Shephard.
Stellantis NV is reintroducing the Jeep Cherokee, a larger hybrid SUV, after a hiatus of nearly three years. This launch aims to fill a significant gap in the manufacturer's American lineup, amidst declining sales and market fluctuations due to tariffs.
Shares of Chinese companies popular with Generation Z are experiencing a new surge, driven by robust financial results and sustained demand from young consumers, rekindling investor interest.
Mexican fast-food chain Guzman Y Gomez announced an annual net profit higher than expected and its very first dividend. This performance is supported by the strengthening of its restaurant network in key markets, particularly in Australia, signaling continuous growth and successful expansion.
The Japanese Yen recorded a significant rise against the US Dollar following the release of the latest Consumer Price Index (CPI) data in Japan. This development suggests persistent inflationary pressure, potentially influencing the Bank of Japan's monetary policy and currency markets.
Japan's core consumer price index (CPI) rose by 3.1% year-on-year in July, a figure higher than the 3.0% estimates. This increase indicates persistent inflationary pressure in the Japanese economy.
Bloomberg Television analyzes the latest financial news before the Wall Street close. Experts from RBC Capital Markets, FHFA, Goldman Sachs, Northern Trust, Tabor asset management, Cleo Capital, BNY Investments, and Inflation Insights share their market outlooks.
New documents reveal Core Scientific's internal deliberations regarding its financing needs, preceding the acquisition agreement with CoreWeave. This operation has caused dissatisfaction among some shareholders, as shown by recent official statements.
E-commerce company Pattern Inc., specializing in reselling products on platforms like Amazon.com Inc., plans to file for its US initial public offering before September, according to sources close to the matter.
Consumer prices in Japan increased by 3.1% year-on-year in July, a figure in line with forecasts. This rise reflects the persistence of inflationary pressures in the Japanese economy, impacting household purchasing power.
Japan's consumer price index (CPI), excluding fresh food and energy, rose by 3.4% year-on-year in July, a figure in line with forecasts. This data underscores the persistence of inflationary pressures in the Japanese economy.
Japan's nationwide overall Consumer Price Index (CPI) reached 3.1%, a figure in line with analysts' forecasts. This rate marks a slight deceleration compared to the previous month, when it stood at 3.3%.
Japan's national core consumer price index (CPI) rose by 3.1% year-on-year in April, surpassing forecasts of 3%. This figure is slightly lower than the 3.3% recorded the previous month, but indicates persistent inflationary pressure in the country.
The sharp increase in Hong Kong interest rates puts an end to the year's most profitable 'carry trade'. Local authorities have orchestrated monetary tightening to ease pressure on the currency peg, leading to a significant rise in funding costs.
Published: 3.1% Forecast: 3.0% Previous: 3.3%
The U.S. Department of Defense is considering purchasing up to 500 million dollars worth of cobalt for its defense stockpiles. This initiative is part of the country's strategy to strengthen its supplies of critical minerals, essential for national security and the defense industry.
The Reserve Bank of New Zealand (RBNZ) chief economist stated that the impact of global economic uncertainty on New Zealand business confidence will fade. Businesses should get used to a period of high unpredictability in economic policies, allowing for gradual adaptation and a recovery in confidence.
According to the Yomiuri newspaper, Japan's Ministry of Finance is preparing to raise its interest rate estimate for long-term government bonds to 2.6% for the 2026/27 fiscal year budget requests. This level would be the highest in 17 years.
Citic Securities Ltd. and other Chinese brokerages are increasing salaries for junior bankers in Hong Kong, with hikes of up to 30%. This measure aims to improve talent retention and manage the increase in transaction activities in the region.
Faced with protectionist barriers affecting traditional manufacturing industries, South Korea, Asia's fourth-largest economy, is turning to the global expansion of its entertainment companies, riding the Korean cultural wave (Hallyu) to boost its economic growth.
A Thai criminal court will deliver its verdict in the royal insult case involving former Prime Minister Thaksin Shinawatra. This decision marks the beginning of a series of judgments concerning the powerful Shinawatra dynasty, with potential implications for national politics.
Walmart missed its earnings forecasts, leading to a drop in its shares. Dayforce surged following its acquisition by Thoma Bravo for $12.3 billion. Cracker Barrel saw its shares fall due to a logo controversy, amplified by conservative reactions on social media.
According to analysts, Hang Seng Indexes Co. is expected to include the Labubu doll maker, Pop Mart International Group Ltd., as well as several companies from the healthcare sector, in its benchmark stock index in Hong Kong.
Stocks and bonds fell on Wall Street, leading to a stable opening for Asian markets. Investors have lowered their forecasts for interest rate reductions by the Federal Reserve, negatively impacting global markets.
President Donald Trump met with law enforcement and the National Guard in Washington D.C., praising their role in the fight against crime. He announced that he would seek congressional funding for his intervention and beautification plans for the capital.
Unicaja and Indra lead the Ibex 35 in terms of profitability this year. Although Indra has risen by 96.46% and Unicaja by 90.42%, the total return including dividends places Unicaja at over 99%, surpassing Indra's 97.80%, according to Bloomberg.
Published: -17 Forecast: -19 Previous: -19
The GfK Consumer Confidence Index in the UK reached -17, exceeding forecasts of -19 and marking an improvement from the previous month. This rise suggests a more positive perception of economic prospects by British households, potentially favorable for consumption.
The GfK consumer confidence index in the UK rose to -17 in March, exceeding expectations of -19. This improvement suggests a more positive perception of the economic situation by British households.
Analysis of the US market close with the performance of Paramount Skydance, up 14%, Zoom which exceeds expectations with its annual forecasts, and Walmart whose shares fall after lower-than-expected results, impacted by restructuring costs and legal fees.
Goldman Sachs believes that recent corrections in the US stock market could present a buying opportunity, based on historical trends. The bank suggests investors consider these pullbacks as strategic entry points to acquire shares.
Spirit Airlines Inc. has contracted a $275 million loan via a revolving credit facility. This measure aims to avoid an imminent liquidity crisis that could have prevented the company from accepting credit card payments from its customers, thus ensuring the continuity of its operations.
