David E. Rovella, Bloomberg News Journalist Profile

Articles

Fed Stays the Course as Divisions Creep In

1 week ago | bloomberg.com | David E. Rovella

US Federal Reserve officials continued to pencil in two interest-rate cuts in 2025, though new projections showed a growing divide among policymakers over the trajectory for borrowing costs as the shockwaves from Donald Trump’s tariffs make their way through the US economy. Seven officials now foresee no rate cuts this year, compared with four in March, and two others pointed to one cut.
Iran Retaliates for Israeli Attack: Evening Briefing Americas

2 weeks ago | bloomberg.com | David E. Rovella

Iran fired hundreds of ballistic missiles on Friday in retaliation for Israel’s airstrikes. Those overnight raids, ordered by Prime Minister Benjamin Netanyahu, killed top Iranian generals and are said to have badly damaged key military infrastructure. Iran’s state-controlled news agency said some 70 people were killed by the Israeli strikes, and hundreds more injured. The latest escalation came amid indirect nuclear talks between the Islamic Republic and the US.
Private Equity Is Looking for a Little Help

2 weeks ago | bloomberg.com | David E. Rovella

Things aren’t going all that great for private equity firms. They’re struggling to sell the companies they own and return cash to investors. But it turns out their counterparts in the world of private credit are offering special loans to tide them over.
Sam Altman Says 2026 May Be a Big Year for AI

2 weeks ago | bloomberg.com | David E. Rovella

Sam Altman, left, lays out his vision of the future of artificial intelligence in an extended interview from The Circuit with Emily Chang. (Bloomberg) -- Sam Altman’s OpenAI is at the center of an ambitious effort to remake the world of artificial intelligence while simultaneously turbocharging America’s leading role in the developing technology behind it.
Inflation Beats Economist Estimates for Fourth Month: Evening Briefing Americas

2 weeks ago | bloomberg.com | David E. Rovella

For four months many economists have predicted that US inflation would reignite, in large part due to President Donald Trump’s trade war and the knock-on effects his tariffs would have on the economy. But for a fourth month in a row, data released by the Trump administration’s Bureau of Labor Statistics came in lower than expected. The consumer price index, excluding the often volatile food and energy categories, increased only 0.1% from April, according to government data.
Newsom Warns Trump May Use Soldiers on Immigration Raids

2 weeks ago | bloomberg.com | Jordan Erb |David E. Rovella

Gavin Newsom is warning that Donald Trump’s use of troops where state and local officials don’t want them is actually a test, one the Republican president may seek to replicate across other American towns and cities as part of his mass deportation effort.
Markets and Tesla Rise in Musk-Trump Spat Aftermath: Evening Briefing Americas

3 weeks ago | bloomberg.com | David E. Rovella

Stocks closed at their highest mark since February on Friday with a 1% advance in the S&P 500 driving the gauge to 6,000. All major industries climbed and dip buyers flocked to Tesla, which jumped more than 3.8% in the aftermath of its co-founder’s (and the stock’s) very public meltdown yesterday. Treasuries dropped across the curve with two-year yields topping 4%. Money markets trimmed bets that the US Federal Reserve will cut interest rates this year.
Markets, Tesla Rise in Musk-Trump Spat Aftermath

3 weeks ago | flipboard.com | David E. Rovella

3 hours agoBettors are waging the relationship between President Donald Trump and Elon Musk is unlikely to be repaired anytime soon, despite the world’s wealthiest man signaling he was willing to de-escalate tensions, as their public feud appeared to cool Friday. Key Facts Polymarket, a blockchain-based betting …
Trump’s Trade Fight Is Now a War on Three Fronts: Evening Briefing Americas

3 weeks ago | bloomberg.com | David E. Rovella

The European Union is preparing for another round of trade talks with the US, but it’s also warning that it may speed up retaliatory measures if President Donald Trump follows through on his latest threat: a 50% levy on steel and aluminum imports. The European Commission, which handles trade matters for the EU, said Monday it “strongly” regrets the tariff hike—up from an originally planned 25%—and said the move is undermining efforts to reach a solution to the trade conflict.
‘Uncomfortable Rally’ May Be Coming: Evening Briefing Americas

4 weeks ago | bloomberg.com | David E. Rovella

More numbers came in Friday that show how the US economy slowed down last month. Consumers hit the brakes while goods imports plummeted by a record as companies adjusted to higher tariffs. Inflation-adjusted personal spending rose just 0.1% after rising 0.7% a month earlier, Bureau of Economic Analysis data showed. Separate data showed an almost 20% slump in imports. Meanwhile, the Federal Reserve’s preferred price gauge remained tame.