I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at reporting on the leveraged US middle class by Claire Ballentine and Eliza Ronalds-Hannon. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
US GDP Latest: How Much Did the Economy Grow Last Year? Bloomberg Source link
Prime Minister Fumio Kishida suffered another blow in Japan’s widest-ranging political scandal in decades with the arrest of a ruling party lawmaker on Sunday. Kishida told reporters Sunday that he was aware of the detention of Yoshitaka Ikeda, a member of the Liberal Democratic Party’s biggest faction, and called it “very regrettable, and we take … Read more
Stock Market Today: Dow, S&P Live Updates for December 27 Bloomberg Source link
The rise in Japan’s business service prices held steady at a three-decade high, in a development likely to fuel speculation that the Bank of Japan will inch its way toward normalizing policy in coming months. The country’s services producer price index, a gauge measuring the costs of a range of goods and services provided by … Read more
The Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Source … Read more
I’m Malcolm Scott, a senior economics editor in Sydney. Today, we’re looking at the Bank of Japan’s policy decision. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. The … Read more
Stock Market Today: Dow, S&P Live Updates for Dec 18 Bloomberg Source link
A rally in megacaps spurred a rebound in stocks on speculation the artificial-intelligence boom will keep fueling market gains. Traders brushed off any jitters surrounding Friday’s US jobs report to reignite the trade that’s driven the Nasdaq 100 up over 45% this year. Optimism around AI resurfaced, with Alphabet Inc.Bloomberg Terminal up almost 5.5% a … Read more
I’m Chris Anstey, a senior economics editor in Boston and today we’re looking at the latest US economic monthly survey. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more