Gutierrez: US Has Gone Too Far With TariffsCarlos Gutierrez, former Commerce Secretary and CEO of Kellogg and author of Sheer Will, says trade under the Trump administration has become all-encompassing and can be used as part of geopolitical and political negotiations beyond trade itself. Gutierrez says the US has gone too far with tariffs and that easing them could help reduce inflationary…Bloomberg14h agoWhole story →BuildCommerce
Stocks Fall as Oil Rally Keeps a Lid on TreasuriesA resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the next Fed decision. Brent crude topped $116 as a flare-up in Middle East violence threatened global supply. The S&P 500 saw back-to-back losses, even as selling pressure on tech firms abated. Yields rose after the market’s best day in more…Bloomberg17h agoWhole story →Planet
Magyar Praises Hungary-EU Ties on Day of Anti-Soviet UprisingPrime Minister Peter Magyar used a commemoration of Hungary’s 1956 anti-Soviet uprising to reaffirm his country’s place in Europe, following years of pro-Moscow policies under his predecessor Viktor Orban.Bloomberg19h agoWhole story →Culture
Kalshi CEO on Midterms, Regulation and Inflation FuturesKalshi co-founder and CEO Tarek Mansour discusses the growing role of prediction markets in elections and the regulatory challenges facing the industry. Speaking with Tyler Kendall on "Bloomberg Tech," Mansour also comments on the company's proposed perpetual oil futures contract. (Source: Bloomberg)Bloomberg20h agoWhole story →PlanetGovernment
Lovell Sees Earnings Growth Beyond AINadia Lovell, UBS Global Wealth Management’s head of global equity strategy, said markets may remain volatile over the coming weeks amid earnings, next week’s Federal Reserve meeting, midterm-election uncertainty and the Middle East conflict’s impact on energy and oil prices. Despite risks around financing the AI buildout, she said economic growth and…Bloomberg21h agoWhole story →PlanetGovernment
New TV Ads, Campaign Donations Flood Deep-Red House DistrictsBoth parties are intensifying campaign spending in congressional districts that strongly favored President Donald Trump in the 2024 election, a sign of an expanding House map that could lift the range of anticipated Democratic gains on Nov. 3.Bloomberg21h agoWhole story →PlanetGovernment
CFTC Chair on Prediction Markets, Election, Oil TradesCFTC Chairman Michael Selig says the agency is keeping a close eye on prediction markets ahead of the US midterm elections. Selig says he's disappointed Congress did not pass the Clarity Act which would have set up new rules for the crypto industry. Selig also says the agency is scrutinizing oil market trading related to President Donald Trump's…Bloomberg22h agoWhole story →SecurityPlanet
Everybody’s Business: The Political Beef Shaping the MidtermsWhen the cost of goods becomes too expensive, American consumers either stop buying something or replace it with something else. It's called “elastic demand.” But not when it comes to beef. Bloomberg's Deena Shanker joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to talk about America's love of beef and how meat prices have…Bloomberg22h agoWhole story →CommerceGovernment
Black Sea Ship Sinks in New Deadly Drone Strike Blamed on RussiaA Ukrainian-crewed vessel sank near Romanian territorial waters after a drone strike, killing one, in the latest such attack in the Black Sea for which President Nicusor Dan has blamed Russia.Bloomberg1d agoWhole story →PlanetSecurity
Oil Set for Weekly Gain as Supply Risks GrowBrent oil headed for a third weekly gain as attacks on Saudi Arabia raised the risk of wider Middle East supply disruptions. The flareup threatens to widen hostilities around the Strait of Hormuz, where crude exports have recovered to near prewar levels. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)Bloomberg1d agoWhole story →Planetmiddle east supply disruptions
