Robert Burgess

1 month ago | bloomberg.com | Robert Burgess

A refusal to consider the inflationary effects of tariffs shows he is out of touch with American businesses. When the President of the United States is a fabulist extraordinaire, the hope is that at least the administration’s cabinet members would be grounded in reality. Howard Lutnick’s recent defense of tariffs suggests otherwise.

1 month ago | bloomberg.com | Jonathan Levin |Liam Denning |Robert Burgess |Lisa M. Jarvis

Photo illustration: Elaine He; Brandon Bell, Kena Betancur/AFP, Al Drago, Andrew Harnik, Morris MacMatzen, Kent Nishimura, Joe Raedle and Stefani Reynolds/Bloomberg via Getty Images How the 47th president leads the US on inflation, immigration and other areas will help define his legacy. These data points show where the country stands — and where he could take it.

Jan 8, 2025 | bloomberg.com | Robert Burgess |Patricia Lopez |John Authers |Lisa M. Jarvis

A lot happened this year that was not on our 2024 bingo cards. The Crowdstrike outage ruined everyone’s summer trips. “Diddy Party” became a household term. Olive oil prices spiraled, giving rise to criminal enterprise. And US president Joe Biden dropped out of the race for the White House, paving the way for Elon Musk to land himself a government job. We could go on.

Nov 29, 2024 | ndtvprofit.com | Robert Burgess

The picture is more muddled with big institutions. Suzuki noted that Bank of America Corp.’s global fund manager survey, released in October, showed such low cash holdings among institutional money managers — below 4% — that it triggered the firm’s contrarian equity market “sell” signal. But State Street Corp., with about $44 trillion of assets under custody or administration for institutions, is seeing something different.

Nov 29, 2024 | bloomberg.com | Robert Burgess

Equity investors should give up on hopes that cash in money market funds will move into stocks on a pullback. The money-market industry just reached a significant milestone with Crane Data reporting that these cash-like funds have amassed a record $7 trillion in assets. There are many ways to think about this development.