Bloomberg
Key Gauge of US Inflation Cools, Spending Moderates
The Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index, rose 0.3% in February after the prior month was revised down slightly. Consumer spending, adjusted for prices, fell 0.1% after surging an...
Bloomberg
IMF Urges China to Find Ways to Boost Consumption
"Finding ways to boost consumption over time would increase living standards and can also drive growth." Steve Barnett, senior resident representative in China of the International Monetary Fund, discusses the prospects for the world's...
Bloomberg
Bank Tremors
Brian Moynihan, Bank of America CEO dives into the lasting effects we've seen after the failure of Silicon Valley Bank. And Darrin Williams, Southern Bancorp CEO explains how the most recent bank failures have affected regional banks'...
Bloomberg
Defiance ETFs on Global Markets
Sylvia Jablonski, CEO and CIO at Defiance ETFs, discusses her views on global markets and shares her investment strategies, as well as expectations for the upcoming Fed decision. She speaks with Shery Ahn and Haidi Stroud-Watts on...
Bloomberg
Beef, Bacon, Car Prices Surging Due to Inflation
U.S. inflation ended 2021 at red-hot levels, and its main drivers reflect the woes of the economic recovery as the country got hit by several waves of Covid-19. Now Americans are paying more for everything from burgers to bacon to clothes.
Bloomberg
Burning Ship Full of Luxury Cars Is Drifting in the Atlantic
The Felicity Ace, a massive Panama-flagged cargo ship carrying thousands of Volkswagen Group vehicles, caught fire near the Azores islands in the Atlantic Ocean Wednesday afternoon. It's still floating and on fire. This is video of the...
Curated Video
AP Exclusive: It's not just the top wealthiest 1 percent. One out of 5 U.S. adults become rich for parts of their lives, a lesser-known group who wields outsized influence in consumer spending and politics. (Dec. 9)
It's not just the top wealthiest 1 percent: One out of 5 U.S. adults become rich for parts of their lives, a lesser-known group who wields outsized influence in consumer spending and politics and may pose the biggest barrier to reducing...
Bloomberg
BofA's Sharon Miller on the Future of Main Street
Sharon Miller, Bank of America Head of Small Business, joined Kailey Leinz and Guy Johnson on "Bloomberg Markets: Americas" on Tuesday morning. A recent Bank of America report found small business owners remain resilient despite...
Sky News
Shopping Trends & Credit Ahead of 1989 Budget
VOICED: Nigel Lawson is due to release his sixth budget for the Conservative party. The government want to reduce consumer spending and credit, but retailers want the opposite. Sky News looks at shopping trends ahead of the budget, and...
Bloomberg
Negative Interest Rates Do More Damage Than Good: Sentance
May.21 -- Andrew Sentance, senior adviser at Cambridge Econometrics and former MPC member of the Bank of England, discusses the possibility of negative interest rates in the U.K. and what negative rates would do to consumer spending. He...
Bloomberg
Americans Spend Less as Prices Keep Rising
U.S. inflation-adjusted consumer spending declined in February, suggesting the fastest pace of price increases in four decades is tempering demand. Bloomberg's Mike McKee has a look at the personal consumption expenditure index on...
Bloomberg
The Biggest Mistake Airbnb CEO Brian Chesky Ever Made
Brian Chesky, co-founder and CEO of Airbnb, talks about the best advice he's ever been given and some of the mistakes he's made in trying to grow the company. He's on "The David Rubenstein Show: Peer-to-Peer Conversations." This was...
Curated Video
Though Recession Fears Are Increasing, Evidence Is Still Lacking
A Bloomberg prediction says a recession is 100% certain, while other economists say spending and market factors are evidence against that theory.
Bloomberg
Japanese Large Manufacturers' Outlook Slips
Sentiment among Japan's large manufacturers held at the highest level since 2018, while an index of their outlook slipped, according to the Bank of Japan's quarterly Tankan survey. Sayuri Shirai, a former BOJ monetary policy board member...
Bloomberg
Barclays' Staley on Profitability, Cost Cuts, Brexit
Oct. 20 -- Jes Staley, chief executive officer at Barclays, discusses the company's profitability, his cost-cutting plan and the company's contingency plans around Brexit. He speaks to Bloomberg's Haslinda Amin on "Bloomberg Markets"...
Bloomberg
Is the Consumer Holding Up the U.S. Economy?
Oct.16 -- Deutsche Bank's Binky Chadha, Michael Kushma of Morgan Stanley Investment Management, and AlphaSimplex's Katy Kaminski discuss the latest retail numbers and the state of the U.S. consumer. They speak on "Bloomberg The Open."
Bloomberg
BofA's Moynihan on Harvey, Buffett & Business Conditions
Aug.30 -- Bank of America Chief Executive Officer Brian Moynihan discusses Hurricane Harvey relief efforts, Warren Buffett's stake in the bank and current business conditions with Bloomberg's Erik Schatzker on "Bloomberg Markets."
Bloomberg
UPS CEO Sees Record Holiday Season Shipping Volume
Nov.28 -- David Abney, chairman and chief executive officer at UPS, discusses how the company prepared for an expected 14 percent increase in volume as he's anticipating a record holiday season. He speaks on "Bloomberg Daybreak: Americas."
Bloomberg
BofA's Meyer on the Sept. Jobs Report, Labor Market, Consumer Spending
Oct.02 -- Michelle Meyer, head of U.S economics at Bank of America, talks about consumer spending, strains on the labor system and the U.S. September jobs report. She appears on "Bloomberg Markets."
Bloomberg
The Conference Board Chief Economist on Shrinking US Economy
Dana Peterson, The Conference Board Chief Economist gives her reaction to the latest GDP report with 'Bloomberg Markets' Kriti Gupta and Jon Erlichman.
Bloomberg
What Does Dropping GDP Target Say About China's Policies?
May.21 -- Michael Pettis, finance professor at Peking University, talks about China's economy and policies. China has abandoned its usual practice of setting a numerical target for economic growth this year due to the turmoil caused by...
Bloomberg
Dutta: Odds of Fed going 50bp in March zero
Neil Dutta, Renaissance Macro Research Head of U.S. Economic Research, says the market is right to price in rate hikes but its gotten 'over its skis' pricing 5 or 6 this year. He says the odds of a 50bp move in March are 'basically zero.'
Bloomberg
Diesel Market Is in Dire Situation: Schork
Stephen Schork, Schork Group president and commodities expert, talks about the lack of refining capacity, rising oil and diesel prices and the energy crisis in the US. He's on "Bloomberg Surveillance."
Bloomberg
Tech, Financials Lead Earnings Season
Feb.02 -- Tech and financials are leading this quarterly earnings period on the back of strong holiday spending. Visa Chief Financial Officer Vasant Prabhu joins Bloomberg's Emily Chang to recap the company's earnings, look ahead to...