Powell’s legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.
Jerome Powell will be remembered for how the struggles against inflation and to preserve Federal Reserve independence ultimately end.
Jerome Powell will be remembered for how the struggles against inflation and to preserve Federal Reserve independence ultimately end.
India will partner with the United Arab Emirates to expand its strategic crude and gas reserves, a key step for the world’s third-largest oil consumer to guard against future supply disruptions.
The chip maker’s shares opened 89% above the IPO price before trading was briefly halted for volatility, but then pared some gains.
President Donald Trump has filed a disclosure showing massive buying and selling of U.S. stocks, index funds and other securities, including purchasing at least $1 million in shares of Boeing and Nvidia as those companies expect to score new business during his trip to China.
Momentum and risk appetite are ascendant, but that may be a problem, say Goldman Sachs strategists.
Odd Lots’ show in London covered everything from pubs to farming 🐮
Next stop on Tracy Alloway and Joe Weisenthal’s live tour is New York City on May 28. Get your tickets here: Bloomberg.com/oddlots (Source: Bloomberg)
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today’s guests: Shoqat Bunglawala, Goldman Sachs Asset Management, EMEA Head of Multi-Asset Solutions; Tina Fordham, Fordham Global Foresight, Founder and Geopolitical Strategist; Jeremy Awori, Ecobank, Group CEO. (Source: Bloomberg)
“When I use a credit card, tips are usually added immediately.”
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