Asset allocation has become much tougher as the unwinding of the AI trade and rising interest rates ripple through equities and fixed income, breaking down traditional market correlations. With bonds struggling to fulfill their historical…
Wall Street strategists are rejigging forecasts for US borrowing next year after the Treasury signaled that changes to auction sizes for notes and bonds are on the horizon.
Global stock markets erased a selloff sparked by a Democratic sweep of the US Congress, as uncertainty surrounding the midterms faded. What are analysts watching now? Bloomberg's Charlie Wells explains. (Source: Bloomberg)
Key Senate progressive Chris Van Hollen said Wednesday that Democrats should demand a “bold agenda” targeting entrenched corporate interests in Washington before agreeing to back Chuck Schumer or any other aspiring Senate majority leader.
Joe Lavorgna, chief economist at SMBC Nikko Securities, said that Trump's 'inability to deliver' on economic promises is what created a backlash from the American working class and Republicans subsequent midterm losses. Lavorgna said that…
The election results in Texas may offer the Republican Party a chance for a hard reboot, says Bloomberg Opinion columnist Abby McCloskey, as the state's voters rejected MAGA and Trump-aligned candidates. (Source: Bloomberg)
Tuesday night’s blue wave flipped both chambers of Congress for the Democrats, ushering in a new class of medical experts to federal and state offices after vaccine policy and health funding were upended by the Trump administration.
Democratic Representative Joe Morelle of New York said that Democrats need to focus on anti-corruption efforts and setting American families up for success after voters handed the party control of both chambers of Congress. Morelle also…
Chuck Schumer and Hakeem Jeffries are poised to become the first congressional leaders from the same state since the 1950s. But their big moment comes with big questions.
FitLab Inc., which makes cardio equipment and runs boutique fitness studios, said it filed bankruptcy following disruptions to its supply chain and the loss of a key deal with Nike Inc.
Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks to put AI at the center of its operations.
Bloomberg’s Carol Massar takes a look at what a blue wave means for the tech sector after Democrats won control of the US House and Senate in the midterm elections. Plus, AMD's forecast exceeds estimates as chip demand soars, showing the…
Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in…
Data centers can be assets to energy resources and the power grid, says Arushi Sharma Frank, founder and CEO of Luminary Strategies. The former US energy market policy lead at Tesla discusses how the midterm results could impact the AI…
Democrat Gina Hinojosa's win in the Texas governor's race exemplifies the uphill battle the data center buildout could face in the wake of the midterms. Election results threaten to slow infrastructure development and hamper the pace of AI…
SpaceX has signed a deal to get hardware from Qualcomm for its planned U.S. terrestrial wireless network. It's the latest sign that Elon Musk's rocket and satellite company is committed to challenging the biggest players in the U.S. mobile…
Canada needs to boost the size of a federal loan program for Indigenous groups to better reflect the scale of energy projects the country is pursuing, says Candace Laing, president of the Canadian Chamber of Commerce.
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