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US Service Sector Grows at the Slowest Pace in Three Months
The US service sector expanded in October at the slowest pace in three months amid continuing cost pressures.
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The US service sector expanded in October at the slowest pace in three months amid continuing cost pressures.
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For nearly two years, Wall Street firms and startups have enjoyed a sweeping deregulatory agenda from President Donald Trump that relaxed post-financial crisis rules and boosted nascent industries.
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President Donald Trump will face a Congress solidly under Democratic control in January and that could lead to two years of grinding policy gridlock peppered with acrimonious investigations and impeachment.
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Expect investigations of Trump officials and companies, and a complicated path on permitting reform.
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Inquiries by a Chinese regulator prompted Nigeria-focused payments company OPay Ltd. to halt its $300 million US initial public offering just hours after setting the price, according to people familiar with the matter.
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Poland kept interest rates unchanged for an eighth straight month as policymakers extend their wait-and-see stance even as inflation risks are expected to climb next year.
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While US midterm election results historically bode well for stocks regardless of which party wins, some Wall Street strategists are warning clients to temper their bullishness this time around.
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The US Treasury revamped the guidance on sales of notes and bonds it has used since early 2024, in a move that may open the door to cuts in the issuance of the longest-dated debt in 2027.
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Credit investors are picking winners and losers from a Democratic sweep in US midterm elections this week, focusing on how slowing data center approvals will hurt the companies that develop the facilities, while potentially cutting into…
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As Chinese netizens pored over the wreckage of the Republican losses in the midterm US elections, the hashtag “Trump Total Defeat” went viral on microblogging platform Weibo, garnering more than 70 million views by Wednesday evening.
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Democrats’ sweep of Congress could give India breathing room on trade, immigration and energy, although uncertainty still remains over President Donald Trump’s policies. Dan Strumpf explains what it could mean for ties with Washington…
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Democrat Josh Turek flipped a Republican-held seat in Iowa’s US Senate race, delivering a major pickup for Democrats who now hold at least 54 seats in the Senate, with just Alaska and Mississippi still unresolved. Skylar Woodhouse reports…
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Former Democratic National Committee Chair Tom Perez says corruption and affordability are the key issues driving the Democrat sweep of the US Midterm elections. The Partner at Mayer Brown has been speaking to Bloomberg's Caroline Hepker…
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The blue landslide upends the political map, with ripples for years to come.
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Alphabet Inc.’s Waymo Co-Chief Executive Officer Tekedra Mawakana said her company’s plan to end an exclusive robotaxi partnership with Uber Technologies Inc. was in response to customer feedback asking for more consistency when ordering…
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Emily Chang travels to San Francisco to meet Tekedra Mawakana, Waymo’s co-CEO. Chang asks Mawakana how a career overseeing technological pivots prepared her for the top job and how she navigates safety concerns, growing competition and…
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Johannesburg, South Africa’s largest city and economic hub, will be a key battleground.
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The AI boom has largely been framed as a race for chips and compute, but as the technology scales, some of its biggest constraints are becoming increasingly physical. On this week’s episode of the Sustainability Currents podcast, Stephen…
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Democrats will take control of Georgia’s utility regulator for the first time in decades, propelled by voter frustration over rising electricity bills.
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Bank of America Corp. and JPMorgan Chase & Co. are preparing to launch around $2.4 billion of debt financing to back CVC Capital Partners’ acquisition of International Flavors and Fragrances Inc.’s food ingredients business.
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Democrats are likely to favor tougher sanctions on Russia and its oil sales.
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Vauban Infrastructure Partners is seeking opportunities to invest in European district heating and fiber networks, as well as data centers and battery storage — assets it sees as resilient to any economic downturns.
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Source: Bloomberg, 0:00
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SunExpress is trimming capacity across its network this winter and passing some extra costs onto passengers as the carrier tries to cushion the blow from rising jet fuel prices driven by the Middle East conflict.
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