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Powell Says Fed Prepared to Raise Rates, Keep Them High
Federal Reserve Chair Jerome Powell delivers the keynote address at the Kansas City Fed's annual policy forum in Jackson Hole, Wyoming. Powell says the Fed is prepared to raise rates further if appropriate.
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American Air Pilots Approve Record Contract
American Airlines pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. Mary...
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Pension Funds Pour Billions Into Alternative Assets
As the hunt for yield continues in a rough investing environment, US pension funds are investing more in alternative assets including private equity, hedge funds and real estate. David Rubenstein explains for "Bloomberg Wealth with David...
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UK Wage Growth Accelerates in Tight Labor Market
UK wage growth rose at the strongest pace on record, with average pay excluding bonuses rising 7.8% in the three months through June compared with a year ago. Bloomberg's John Stepek breaks down the jobs report on "Bloomberg Markets Today."
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Bostic: Fed Working Hard to Ease 'Too-High' Inflation
"If we meet our mandates well everyone will have an opportunity for gainful employment in work that is consistent with their full potential," Federal Reserve Bank of Atlanta President Raphael Bostic says during introductory remarks at a...
Bloomberg
Credit Is Next Shoe to Drop: Guggenheim's Anne Walsh
Guggenheim Partners Investment Management CIO Anne Walsh says investors are trying to fight the Fed and warns that not worrying about the potential for a recession is a mistake during an interview with Alix Steel and Guy Johnson on...
Press Association
'Labour may be in for a shock': SNP Westminster calls out 'entitled' opposition
Stephen Flynn says Labour are acting like they have the upcoming Rutherglen and Hamilton West by-election 'in the bag' and they 'may well be in for a shock'. He was campaigning in the seat on Wednesday alongside the party’s candidate for...
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JPMorgan's Lebovitz Sees Clouds on Horizon for Stocks
"In the very near term there's probably more room for this market to run but we do see some clouds forming on the horizon and that will begin to weigh on risk asset performance later on this year," JPMorgan Asset Management Global Market...
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Cornell's Campos-Medina on UAW Labor Concerns
Patricia Campos-Medina, Executive Director of the Worker Institute at Cornell University, discusses the United Auto Worker's contract expiring next month with the three largest car makers and whether or not a strike will happen. She...
Bloomberg
UPS Cuts Forecast After Reaching New Labor Deal
United Parcel Service Inc. lowered its full-year profit forecast and revealed plans to cut management jobs as the courier contends with shifting consumer habits and rising costs after a tentative labor agreement. The five-year deal with...
Bloomberg
Robust Jobs Number
Cecilia Rouse, Former Council of Economic Advisers Chair weighs in on US wages which rose at a faster-than-expected clip and is consistent with strong labor demand.
Bloomberg
El-Erian Says US Can Accommodate 4% Wage Growth
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the US economy can persevere the wage growth seen in recent monthly payrolls reports. "We can accommodate this 4% wage growth, provided...
Bloomberg
Pioneer Leaders on Oil Prices, Lithium Mining, Earnings
Pioneer Natural Resources Co. CEO Scott Sheffield and Richard Dealy, the incoming CEO, talk about oil prices, testing out lithium mining, and their succession plan. They speak on "Bloomberg Markets: European Close."
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Tech, Finance Rightsizing: Conference Board's Peterson
Dana Peterson, chief economist at the Conference Board, says what consumers see as a "white collar recession" is more about labor shortages versus not during an interview with Lisa Abramowicz on "Bloomberg Surveillance."
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Soft Landing Will Be Supported by Consumer, Industrials: Dudley
Franklin Mutual Advisors Investment Strategist and Portfolio Manager Katrina Dudley sees inflation continuing to be tamed heading into the fourth quarter and a soft landing in the US will be supported by the consumer and industrial...
Bloomberg
The Ultimate Family Barbecue
Laura Rea Dickey, chief executive officer of family-run Dickey's Barbecue Restaurants, provides a pulse-check on the world's largest barbecue restaurant chain in the face of persistent labor shortages and food inflation. This interview...
Bloomberg
UPS Tentative Deal Could Avoid Damaging Strike
United Parcel Service Inc. reached a tentative agreement to renew a five-year labor contract with the Teamsters union, staving off a possible strike as soon as next week that could have paralyzed shipments throughout the US and...
Bloomberg
Do Central Banks Have a PMI Problem?
Do central banks have a PMI problem? That was Monday's question of the day posed to Kathy Entwistle, Morgan Stanley Managing Director, on "Bloomberg Markets: Americas" by Kailey Leinz and Dani Burger.
Press Association
London Mayor Sadiq Khan insists he will press ahead with Ulez expansion
London Mayor Sadiq Khan has expressed his disappointment in Labour’s by-election loss in Uxbridge and South Ruislip and insists he will stick with the plan to expand the capital’s Ultra Low Emission Zone (Ulez) which has been blamed in...
Press Association
Labour's Keir Mather takes Selby and Ainsty seat from the Tories
Labour's Keir Mather delivers an acceptance speech after being declared the winner of the Selby and Ainsty by-election
Bloomberg
Taylor Morrison CEO Sees Some Housing Stability
Sheryl Palmer, Taylor Morrison Chairman and CEO, joined "Bloomberg Markets: Americas" on Wednesday morning. Palmer told Kailey Leinz and Guy Johnson the housing consumer is evolving and she feels stability is coming to the housing market.
Bloomberg
Prestige Economics President on US Earnings, Economy
Jason Schenker, President at Prestige Economics, discusses his outlook for US earnings and economy. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia".
Press Association
Residents of Selby prepare for by-election
Shots of Selby and interviews with residents ahead of by-election on July 20. In order: David Slater, Michael Rogers and David Simpson
Press Association
Selby and Ainsty by-election voters say they unsure on result
Voters in the North Yorkshire seat of Selby and Ainsty said they believe the result of this week’s by-election is on a knife-edge. Tory Nigel Adams, who resigned last month, had a 20,000-plus majority but many former Tory voters shopping...