Articles

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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