Breadcrumb Trail Links PMN Business It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have […]
Breadcrumb Trail Links PMN Business When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, and the state’s largest utility was driven into bankruptcy. Author […]
Breadcrumb Trail Links PMN Business As fears of a severe US recession recede, investors flush with cash are looking to put money to work in junk assets. Companies with upcoming maturities are rushing to take advantage. Author of the article: Bloomberg News Tasos Vossos and Jill R. Shah Published Aug 19, 2023 • 4 minute […]
Article content (Bloomberg) — He wasn’t invited, but for now any event with Republican presidential candidates is ultimately about Donald Trump. That’s how a conservative forum in Atlanta — the staging ground for the ex-president’s latest indictment — ended up as a chance for his rivals to get some oxygen. Saturday’s schedule includes Vivek Ramaswamy, the businessman who’s riding a poll bounce but also is being sued by […]
Article content General Motors’ Cruise autonomous vehicle unit has agreed to cut its fleet of San Francisco robotaxis in half as authorities investigate two recent crashes in the city. The state Department of Motor Vehicles asked for the reduction after a Cruise vehicle without a human driver collided with an unspecified emergency vehicle on Thursday. […]
Breadcrumb Trail Links PMN Business Telecom executive Joe Natale was at the center of an epic rift in the billionaire Rogers family two years ago. He lost that battle, but he’s still fighting them. Author of the article: Bloomberg News Derek Decloet Published Aug 18, 2023 • Last updated 32 minutes ago • 3 minute read […]
Article content (Bloomberg) — Japan’s consumer inflation slowed in July in line with the central bank’s view that price growth has peaked, an outcome that supports its case for retaining a stimulative policy stance. Consumer prices excluding fresh food rose 3.1% from a year ago, decelerating from 3.3% in the previous month, the internal […]
Article content (Bloomberg) — The UK military’s troops and machines need to adapt quickly to a rapidly warming world, according to a House of Commons report, that also spotlighted how a melting Arctic will open new maritime routes and potential battlegrounds. This year is on course to be the hottest ever in human history and as the planet warms, extreme weather events are set to become more frequent […]
Breadcrumb Trail Links PMN Business North Dakota Governor and long-shot Republican presidential candidate Doug Burgum said the massive stimulus from the $1.2 trillion infrastructure package that President Joe Biden signed will far outstrip the ability of the US Federal Reserve to curb inflation through higher interest rates. Author of the article: Bloomberg News Gregory Korte […]
Breadcrumb Trail Links PMN Business All around the world, bond traders are finally coming to the sobering realization that the rock-bottom yields of recent history might be gone for good. Author of the article: Bloomberg News Michael Mackenzie and Liz Capo McCormick Published Aug 17, 2023 • 4 minute read Join the conversation p02vz6c4us]h7t1gty0ee]zv_media_dl_1.png Bloomberg […]