Bloomberg - Business News, Stock Markets, Finance, Breaking & World News

Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut

The so-called core consumer price index — which excludes food and energy costs — rose 0.3%, led by a pickup in housing costs.

Here Are the Key Takeaways From the US CPI Report for August

OpinionJohn Authers

Rate Cuts Won’t Quickly Ease Strain on Consumers

Traders Bet on Quarter-Point Fed Cut This Month After CPI Data

US 30-Year Mortgage Rate Slides to Lowest Since February 2023

Watch: Key Takeaways From the Harris-Trump Presidential Debate

How Kamala Harris Baited Trump Into a Debate on Her Terms

Trump allowed himself to be distracted from his efforts to define Harris, while she hammered her core argument that the former president was unfit for the job.

TOPSHOT-US-ANNIVERSARY-ATTACK-9/11-TRUMP

Harris, Trump Shake Hands at Solemn Ground Zero Ceremony

Sept. 11 commemorations come one day after contentious debate between the presidential rivals.

Trump Says He’s Not Inclined Toward Another Debate With Harris

Trump Trades Are Dialed Back Even More After the US Debate

Bloomberg News Now

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Remembering 9/11, Cantor CEO Says Trump 'Hit Every Point,' More

4:48

updated 9 min ago

Andres Manuel Lopez Obrador — Luis Antonio Rojas/Bloomberg

Mexico Passes Judicial Reform Cementing Power of AMLO’s Party

The constitutional reform proposal was approved with 86 votes in favor and 41 votes against.

Protesters Storm Mexico's Senate Building

Protesters Storm Mexico's Senate Building

Latest

Most Active US Stocks

Shock UniCredit Move on Commerzbank Catches Germany Off Guard

Shock UniCredit Move on Commerzbank Catches Germany Off Guard

Purchase means UniCredit owns almost as much of the bank as Berlin.

about 6 hours ago

Andrea Orcel Is Back Shaking Up German Banking, This Time as CEO

Russian Commander Says Counterattack to Ukraine Incursion Starts — Russian Ministry of Defense/AP Photo

Russian Commander Says Counterattack to Ukraine Incursion Starts

Military bloggers said Russia retook two sites in the Kursk region.

about 1 hour ago

Zelenskiy ‘Counting’ on Biden Meeting for Strike Permission

Bloomberg Opinion

Harris Knew Exactly How to Rattle Trump at the Debate

Bloomberg Opinion

Harris Knew Exactly How to Rattle Trump at the Debate

In their first face-to-face meeting, the vice president played offense, knocking the former president off his game in a way previous opponents could not.

By Erika D. Smith, Columnist

Telegram CEO’s Arrest Smacks of Empty Posturing

By Noah Feldman, Columnist

Taylor Swift Is So Over Trump’s Antics

By Jessica Karl, Columnist

KARL

Heritage Foundation's Pro-Trump Voter Fraud Video Is Nonsense

By Francis Wilkinson, Columnist

Frank Wilkenson

A Kate Spade & Co. Store Ahead Of Earnings Figures — Michael Nagle/Bloomberg

Kate Spade, Coach Bags Take Spotlight in $8.5 Billion FTC Fight

‘Emily in Paris’ bag and Coach Rogue are stars of the Tapestry-Capri antitrust legal drama.

Coach-Versace Union Goes to Court Against Biden’s Antitrust Cop

Bloomberg News Now

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Remembering 9/11, Cantor CEO Says Trump 'Hit Every Point,' More

4:48

updated 9 min ago

Latest

Most Active US Stocks

Uganda Coffee Production And Harvest

Coffee Is Now So Expensive That Farms Are Becoming Crime Scenes

Uganda Coffee Production And Harvest

A McDonald's restaurant in Chicago.

McDonald’s Rolls Out Kiosks That Take Cash, Pushing Diners Away From Cashiers

A McDonald's restaurant in Chicago.

PURSUITS_WEB_PERUVIAN WOMEN CHEFS

In Peru’s Soaring Food Scene, Female Chefs Have Become the Stars

PURSUITS_WEB_PERUVIAN WOMEN CHEFS

Bloomberg Businessweek

The Brutal Economics of Reaching Net Zero

The Brutal Economics of Reaching Net Zero

Ramping down global emissions is achievable in terms of cost. But until the US and other rich countries assume a war footing, we don't stand a chance of meeting critical climate goals.

September 1, 2024

More from this issue:

How Legal Sports Betting Changed Everything What Happens When Ozempic Takes Over Your Town Inside Worldcoin's Orb Factory

The Covid Pandemic Left an Extra 13 Million Americans Single

The Covid Pandemic Left an Extra 13 Million Americans Single

A “dating recession” is leaving scars on the American economy.

EV Leases Go as Low as $20 a Month to Help Dealers Clear Their Lots

Dealer incentives and a quirk in US law make leasing less costly than buying for many battery-powered vehicles.

Need 100,000 Balloons for a Convention? Here’s the Guy to Call

From Super Bowls to Olympic ceremonies to the Republican National Convention, Treb Heining is the man behind the big balloon release.

Markets

ETFs Crypto Deals

Operations At Khalifa Bin Salman Port In Bahrain — Phil Weymouth/Bloomberg

Bahrain Offloads Stake in Key Saudi Oil Pipeline to BlackRock

Posh Real Estate Deals Boom in High-Flying Junk Muni-Bond Market

Nestle Cuts Ties With South African Staple Coffee Creamer Brand

Odd Lots: Katherine Tai On a New Era of Globalization (Podcast)

Odd Lots: Katherine Tai On a New Era of Globalization

Companies Turn to Divide-and-Conquer Tactics Against Lenders

Newsletter: The Brink

Companies Turn to Divide-and-Conquer Tactics Against Lenders

Bloomberg Originals

The Growing Toll of America's Booming Kratom Industry

The Growing Toll of America's Booming Kratom Industry

How India Is Failing Its Educated Youth

How India Is Failing Its Educated Youth

How Nvidia Changed the Game

How Nvidia Changed the Game

NBA Star Stephen Curry on Why He Endorsed Kamala Harris

NBA Star Stephen Curry on Why He Endorsed Kamala Harris

Space

China Wants to Replace Jeff Bezos as Musk’s Greatest Space Threat

China Wants to Replace Jeff Bezos as Musk’s Greatest Space Threat

TOPSHOT-US-SPACE-AEROSPACE-SPACEX-STARSHIP

SpaceX Says Starship Launch License Delayed to November

Frank Klein

Space Firm Rocket Lab Hires Rivian’s Former Operations Chief

SpaceX Launches Crew for First-Ever Private Space Walk Mission

SpaceX Launches Crew for First-Ever Private Space Walk Mission

Technology

AI Cybersecurity Screentime

Hewlett Packard Enterprise Headquarters Ahead Of Earnings Figures — Mark Felix/Bloomberg

Hewlett Packard Sounds Out Investors for $9.5 Billion Debt Deal

IBM Nears Record Close as Investors Look for Stable Tech Winners

Europe Confronts Its Tech Dilemma: Regulate or Innovate

Elon, Inc: Musk See TV (Podcast)

Elon, Inc: Musk See TV

Europe Confronts Its Tech Dilemma: Regulate or Innovate

Newsletter: Tech Daily

Europe Confronts Its Tech Dilemma: Regulate or Innovate

Wealth

BP Plc Petrol Stations Ahead Of Earnings

Is the Oil Price Slide a Red Flag or a Small Mercy?

China Evergrande Group Annual Earnings News Conference

Evergrande Founder’s Ex-Wife Gets $26,000 a Month After Asset Freeze

Bank Of America Ahead Of Earnings Figures

Warren Buffett’s Bank of America Stock Sales Slow After Price Declines

Key Speakers At Oracle OpenWorld 2018 Conference

Larry Ellison’s Net Worth Soars by Record $14 Billion in a Day

Politics

US Election UK Europe Middle East Asia

TUNISIA-POLITICS-FLAG

Tunisia Arrests Four After State Firm Flies Turkey Flag in Error

Brazil Finance Chief Says Severe Weather Risks Fanning Inflation

Croatia to Host Ukraine-Southeast Europe Meeting in October

Harris Needles Trump and Puts Him on the Defensive

Newsletter: Washington Edition

Harris Needles Trump and Puts Him on the Defensive

Big Take: Where Campaign Dollars Go in the Final Weeks (Podcast)

Big Take: Where Campaign Dollars Go in the Final Weeks

Explainers

What the US Biosecure Act Means for Chinese Firms

What the US Biosecure Act Means for Chinese Firms

Tropical Storm Francine

How Hurricanes Are Categorized on an Imperfect Scale

Kamala Harris and Donald Trump Diptych

Here's What the Harris-Trump Showdown Means for US Stocks

Donald Trump Holds News Conference At Trump Tower

What’s Happening With the Trump Hush Money Conviction

Industries

Legal Energy Health

2022 US Open - Day 3 — Jamie Squire/Getty Images

AbbVie’s Serena Williams Migraine Ad Is Misleading, FDA Warns

Commerzbank Takeover Would Hand Orcel Biggest Bank in Germany

TD to Pay $28 Million for Sharing Inaccurate US Consumer Data

The Deal: US Soccer’s Midge Purce on The Offseason (Podcast)

The Deal: US Soccer’s Midge Purce on The Offseason

A Russian Rocket Is About to Make the Space Station Even More Crowded

Newsletter: Business of Space

A Russian Rocket Is About to Make the Space Station Even More Crowded

Green

New Energy Greener Living ESG Investing

The World's Largest Single Phase Battery Storage Project Comes Online — Bing Guan/Bloomberg

California’s Grid Being Saved by Batteries, PG&E CEO Says

Zimbabwe Considering First Elephant Cull in Almost Four Decades

Andurand Sees Potential for 50% Jump in UK’s Carbon Price

Zero: Shark Skin on Planes and CO2 to Extract Lithium (Podcast)

Zero: Shark Skin on Planes and CO2 to Extract Lithium

An Optimist's Guide to the Planet Trailer

An Optimist's Guide to the Planet Trailer

Pursuits

PURSUITS_WEB_Algarve

Wealthy Americans Are Spiking Portugal’s Algarve Housing Market

PURSUITS_WEB_Lamborghini Revuelto Review

The $604,000 Lamborghini Revuelto Hybrid Is an Apex Predator: Review

Putting Olive Oil in a Squeeze Bottle Earned This Startup a Cult Following

Putting Olive Oil in a Squeeze Bottle Earned This Startup a Cult Following

PURSUITS_WEB_Azores

The No. 1 Destination of the Summer Slid Totally Under the Radar

Economics

Inflation & Prices Indicators Central Banks

Ghana's Currency As Cedi Weakens To Historic Decline Versus Dollar

UK Eyes More Exports to French-Speaking Africa

Oil Price Drop May Help Grease the Wheels for Monetary Easing

Ghana Surprise Inflation Slowdown Raises Chance of Rate Cut

Oil Price Drop May Help Grease the Wheels for Monetary Easing

Newsletter: Economics Daily

Oil Price Drop May Help Grease the Wheels for Monetary Easing

Bloomberg Surveillance: CPI and Debate (Podcast)

Bloomberg Surveillance: CPI and Debate

CityLab

The Disappearance of Affordable Housing in Northern Virginia

For Tenants, AI-Powered Screening Can Be a New Barrier to Housing

New York Gained More Millionaires Than It Lost During the Pandemic

After a Record Hot Summer, Pressure Grows for A/C Mandates

US Economy Ahead Of Personal Consumption Expenditures Price Index Figures Release

Chicago Halts Hiring as Deficit Tops $1 Billion Through 2025

US-REAL-ESTATE-PANDEMIC

How Americans Voted Their Way Into a Housing Crisis

Work + Life

Work Shift Equality Business of Sports

Aerial view of Old Harvard Yard including Memorial Hall, Memorial Church, Widener Library and University Hall in historic center of Cambridge, Massach — Wangkun Jia / Alamy Stock Photo/www.alamy.com

Harvard Is Latest Elite College to Report Drop in Black Freshmen

Platonic Love Takes Center Stage in New Play, The Real Ones

LVMH Close to F1 Sponsorship Deal for Range of Luxury Brands

Women's Soccer Wants to Be More Like the NFL

Women's Soccer Wants to Be More Like the NFL

America Has a Gender and Racial Pay Gap That Just Won’t Go Away

Newsletter: Equality

America Has a Gender and Racial Pay Gap That Just Won’t Go Away

Markets Magazine

Markets Magazine_Guyana_03 — Rose Marie Cromwell

Exxon Almost Walked Away From Its $1 Trillion Oil Discovery

A few geoscientists pushed a reluctant energy giant to take a chance on Guyana.

By Kevin Crowley

Bloomberg Markets The Energy Issue

More from this issue:

Electric Cable Companies Are Making a Killing How Climate Protests Are Bringing the Fight to Bankers Betting On the Energy Transition Has Turned Painful

Forward Guidance

Why Almost Nobody Is Buying Green Hydrogen

The vast majority of projects don’t have a single customer stepping up to buy the fuel.

The Humble Home Emerges as the Power Market’s Big Untapped Opportunity

Tools that enable homeowners to provide flexibility to the grid, and be rewarded for it, are set to become more important as electrification increases power needs.

A Father-Daughter Dynasty Looms Large in Texas Oil and Politics

Tom and Christi Craddick wield influence in the energy industry while also owning a piece of the action.