BlackRock’s Chief Executive Officer Larry Fink warned on Monday that most CEOs he talks to thinks the US is already in a recession while consumer sentiment plunged to the second-weakest reading on record. Airlines, food and drug stores and supermarkets have all seen falling sales in recent weeks, according to alternative data compiled by Bloomberg, […]
Robinson did not leave her home following the fires, staying put with her husband, daughter and birds, including two cockatoos. Since then, she’s been plagued by anxiety and headaches, and her husband’s asthma has worsened. She worries their property has been contaminated by chemicals falling out of the smoke. Volunteers took surface swipe samples from places beneath the fire’s […]
Momentum has been building in the Vaca Muerta, Argentina’s shale patch in Patagonia that has the potential to export 1 million barrels a day of crude by the end of the decade if pipeline expansions go ahead as planned. But an escalating trade war between the US and its biggest trading partners has pressured global […]
“In my case, I would like to take a nice shower to take care of my beautiful hair. For 15 minutes until it gets wet. Drip, drip, drip. Ridiculous,” Trump said Wednesday in the Oval Office as he signed the directive. “What you do is you end up washing your hands five times longer, so […]
The executive, who’s led the bank since 2023, also said there’s an urgent need to renegotiate Canada’s trade agreement with the US and Mexico and to generally “get things done.” In conversations with Canada’s finance minister, he’s advised that the government “try to find a way to accelerate USMCA renegotiation,” ahead of the scheduled review […]
Article content (Bloomberg) — Senator Ted Cruz extended his critique of President Donald Trump’s tariffs and said there are “angels and demons” vying for influence as the White House plans to impose the steepest US trade duties in more than a century. Article content One of the angels, said Cruz, is Elon Musk, the world’s […]
Article content (Bloomberg) — Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices stands to worsen. Article content The Libyan currency will now trade at 5.5677 per US dollar, the regulator announced on its Facebook page on […]
Breadcrumb Trail Links PMN Business Fresh talks between Russia and the US toward a ceasefire in Ukraine are expected as soon as this week, the Kremlin’s negotiator said in a state TV interview that aired hours after Moscow’s forces fired a ballistic missile at Kyiv, killing at least one person. Author of the article: Bloomberg […]
Breadcrumb Trail Links PMN Business US households probably experienced slightly less overall inflation last month, a reprieve that economists view as temporary in the wake of President Donald Trump’s tariff tsunami. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Apr 05, 2025 • 7 minute read 6no1)h3a(s(zhhn)gaw3{r5i_media_dl_1.png Bloomberg Economics Global Trade […]
Breadcrumb Trail Links PMN Business President Donald Trump has vowed his historic tariff blitz would revive domestic manufacturing, but industry worries about his approach are raising fresh doubts about whether he can deliver on his promise of an economic boom. Author of the article: Bloomberg News Catherine Lucey Published Apr 05, 2025 • 5 minute […]