Article content (Bloomberg) — Bill Gross, the one-time bond king, said stock and bond bulls are wrong, as both markets are “overvalued.” The former chief investment officer of Pacific Investment Management Co., speaking in an interview on Bloomberg Television, said the fair value of the 10-year Treasury yield is about 4.5%, compared with the current […]
Breadcrumb Trail Links PMN Business A Chinese maker of long-range electric vehicle batteries — including one capable of going 1,000 kilometers (620 miles) on a single charge — plans to go public as soon as 2025 as it banks on automakers embracing next-generation cells in the race to overcome range anxiety. Author of the article: […]
Article content (Bloomberg) — The US government lab that last year reached a long-sought milestone in nuclear fusion — achieving a controlled reaction that yielded more energy than it took to produce — has repeated the achievement, after months of near-misses. Being able to reproduce the Dec. 5 breakthrough may bring the world one step […]
Breadcrumb Trail Links PMN Business A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Aug 05, 2023 • 5 minute read Join the conversation o(csbnmme7j90pi][6ow4o}v_media_dl_1.png Source: Data compiled […]
Breadcrumb Trail Links PMN Business With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease. Author of the article: Bloomberg News Jessica Menton Published Aug 05, 2023 • 3 minute […]
Article content (Bloomberg) — South African business leaders told President Cyril Ramaphosa that the jobless rate could rise to 38.1% by 2030 without urgent action to solve the country’s energy, logistics and crime crises. Article content The forecast, which compares with a current unemployment rate of 32.9%, was included in a presentation made by business […]
Breadcrumb Trail Links PMN Business UK Prime Minister Rishi Sunak will outline plans to bolster energy security on a visit Monday to Scotland amid growing disagreement over the government’s broader environmental policies. Author of the article: Bloomberg News Tom Rees Published Jul 30, 2023 • Last updated 33 minutes ago • 3 minute read Join the […]
Breadcrumb Trail Links PMN Business Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain. Author of the article: Bloomberg News Heejin Kim and Gabrielle […]
Article content (Bloomberg) — Any pause at an European Central Bank monetary-policy meeting could be followed by another increase in interest rates, according to President Christine Lagarde. Article content At the next meeting in September, “there could be a further hike of the policy rate or perhaps a pause,” she told Le Figaro newspaper. “A […]
Article content (Bloomberg) — The Economic Community of West African States may resort to the use of “force” if coup leaders in Niger do not reinstate the democratically elected regime of President Mohamed Bazoum. Article content “In the event that the authority’s demands are not met within one week, we will take all measures necessary […]