The rising probability of the Democratic Party taking control of both houses of Congress in the midterm elections poses a “meaningful” threat to risk appetite, said Michael Hartnett, Bank of America’s chief equity strategist.
University of Michigan Surveys of Consumers Director Joanne Hsu says US consumers have been "loud and clear" about their struggles with higher prices and their outlook for the economy has declined since the beginning of the year. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Exclusive: Chancellor urged to reverse Rishi Sunak’s tax surcharge cuts to claw back billions in lost revenueBusiness live – latest updatesTax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling on the chancellor, John Healey, to increase
House races in Iowa, Pennsylvania, Washington, Michigan and more are shifting in Democrats' direction, according to a Friday update from the closely watched Cook Political Report.Why it matters: The GOP's midterm outlook was already bleak, anchored by an unpopular war and high fuel prices. But stavi
Hurricane Isaias strengthened into a major storm Friday as it barreled toward more than 3 million people along the US Gulf Coast, threatening dangerous flooding and storm surge after forcing energy producers to curb output.
France’s budget proposal is a meaningful attempt to tame the deficit that risks adverse consequences if it doesn’t pass, according to a senior Fitch Ratings analyst.
The bull market in US stocks is showing few signs of stress as it approaches its fourth anniversary: Corporate profits are rock-solid, the S&P 500 Index is near a record and volatility appears subdued.
US equity futures rebound from two days of losses as OpenAI is reportedly expecting to reach or exceed $70 billion in annualized revenue by year-end, easing concerns that sales were falling short of earlier estimates. The dollar rally continues as soaring oil prices weigh on currencies of energy imp
New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a
The European Central Bank would like euro-area consumers to be able to use digital euros in all online shops, some physical stores and to make payments to each other right from the start, according to a presentation seen by Bloomberg.
SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July.