Sam Stewart

New York

Reporter at Bloomberg News

News Rotator at Bloomberg News

Articles

Trump, MBS Tout $1 Trillion Saudi Deal Commitment

1 day ago | bloomberg.com | Sam Stewart

Good morning. Trump and Saudi Arabia’s crown prince trumpet a $1 trillion dealmaking pledge. Google is getting ready to roll out an update to its operating system, just weeks before Apple unveils its own. And De Beers is secretly selling rough diamonds to a select few. Listen to the day’s top stories. Donald Trump and Saudi Crown Prince Mohammed bin Salman touted a pledge for $1 trillion in commercial deals in Riyadh, though the staggering figure doesn’t quite stand up to scrutiny.
Stocks Surge on Softening US-China Trade Tensions

2 days ago | bloomberg.com | Sam Stewart

Good morning. US markets flourish amid softening trade tensions between Washington and Beijing. SoftBank’s $100 billion US investment plans hits some bumps in the road. And get ready to listen in luxury. Listen to the day’s top stories.
US, China Say Trade Talks Are Advancing

3 days ago | bloomberg.com | Sam Stewart

Good morning. The US and China tout significant progress after two days of trade talks. CATL limits the types of US investors that can participate in its Hong Kong listing. And Pope Leo XIV delivers his first Sunday address. Listen to the day’s top stories. “Substantial progress” was made in this weekend’s US and China talks aimed at de-escalating a trade war, according to Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.
Apple Considers Move to AI Search Amid Ongoing Google Case

1 week ago | bloomberg.com | Sam Stewart

Good morning. Apple considers overhauling its Safari web browser with AI-powered search engines. The Federal Reserve holds rates steady. And the house of mouse is breaking ground in the Middle East with its first new theme park in years. Listen to the day’s top stories. A new era for search. Apple is “actively looking at” revamping its Safari web browser on its devices to focus on AI-powered search engines.
Apple’s China Sales Decline Overshadows Solid Results

1 week ago | bloomberg.com | Sam Stewart

Bloomberg's Morning Briefing Asia newsletter will resume publication on May 6. Good morning. Apple’s declining China sales take the shine off otherwise solid results. Golf star Rory McIlroy teams up with TPG to launch a sports fund. And your Xbox just leveled up—in price. Listen to the day’s top stories.
Amazon Denies Tariff Label Plans After White House Rebuff

2 weeks ago | bloomberg.com | Sam Stewart

Bloomberg's Morning Briefing Asia newsletter will resume publication on May 2. Good morning. Amazon denies a reported tariff label plan after the White House blasted it as “hostile.” Novo Nordisk is joining forces with telehealth companies to make its weight-loss drugs more affordable. And a slice of Norway’s Svalbard roughly the size of Manhattan may be sold for €300 million. Listen to the day’s top stories. The Honeymoon Phase between Donald Trump and Amazon almost came to an end.
Bessent Says China Must Take First Step in De-Escalation

2 weeks ago | bloomberg.com | Sam Stewart

Good morning. The US Treasury Secretary says it’s up to China to de-escalate the trade war. Sony is considering spinning off its chip unit as it focuses on entertainment. And Aston Villa is weighing the sale of a minority stake in its women’s team. Listen to the day’s top stories. “All aspects” of the US government are in contact with China, Scott Bessent told CNBC as he reiterated his view that it’s up to Beijing to take the first step in de-escalating the trade fight.
Shein Hikes US Prices on Some Goods as Much as 377%

2 weeks ago | bloomberg.com | Sam Stewart

Good morning. Shein is raising US prices on some goods with kitchen towels being especially hard-hit. China lowers its tax threshold for visiting foreigners. And coconuts are getting more expensive. Listen to the day’s top stories. Shein hiked US prices on some goods—including a 377% markup on a 10-piece set of kitchen towels—ahead of the Trump administration’s May 2 scrapping of the “de minimis” exemption on Chinese goods.
Alphabet Reassures With Revenue Beat on Strong Advertising

2 weeks ago | bloomberg.com | Sam Stewart

Good morning. Alphabet reassured investors as results showed continued strength in search ads. Crypto’s top dog wants regulators to relax. And Motorola is debuting Swarovski-encrusted earbuds that’ll have you blinging to the beat. Listen to the day’s top stories. Alphabet’s shares advanced in extended trading after posting better-than-feared results, buoyed by continued strength in Google’s search advertising business that is key to justifying the company’s big spending in the AI race.
Bessent Casts Doubt on a Tariff Deal With China

3 weeks ago | bloomberg.com | Sam Stewart

Good morning. The US Treasury Secretary tempers hopes for a quick end to the US-China trade dispute. Clean tech startups are taking on the fashion industry. And Nintendo’s Switch 2 lottery exceeded expectations. Listen to the day’s top stories. Treasury Secretary Scott Bessent cast doubt on a timely resolution to the US-China trade war, saying Donald Trump hasn’t offered to take down the levies on Chinese imports on a unilateral basis.

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