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Global stocks and gold retreated as hawkish comments from Federal Reserve Chair Kevin Warsh fueled bets on an interest-rate hike next month. Oil climbed as Middle East tensions flared
The amount of Iranian oil that’s readily available to Chinese buyers is rapidly running out, showing the effectiveness of the US blockade of the country’s ports at choking off revenue to Tehran
We are back in Jackson Hole! And this year's Federal Reserve Bank of Kansas City symposium on monetary policy marks the first under new Fed Chair Kevin Warsh, and Fed observers all over the world will be closely watching his Friday speech for signs of how he might further distinguish himself, and the institution, from the Powell era. This meeting at Jackson Hole also comes at a fascinating and tense time for monetary policy in the US and abroad: high bond yields, above-target inflation, and AI's still unrealized effect on broader parts of the economy. We speak with Jeffrey Schmid, the president and CEO of the Kansas City Fed, about what to expect and he also shares his thoughts on the wave of baby boomer retirements and how it’s affecting the labor force, his recent FOMC votes, and he explains why this symposium is so focused on payments. See Odd Lots Live in LA September 2026 https://events.bloombergevents.com/event/ODDLOTSLA/summary (Source: Bloomberg)
US President Donald Trump has threatened ‘economic D-Day’ on any countries that help or do business with Iran
Binod Chaudhary, Chairman & President of Chaudhary Group, says efforts to rebuild Nepal’s infrastructure after a devastating flash flood this week could cost at least $5 billion. He also said the amount his group will be spending on this effort will be higher than it did in 2015, when a deadly earthquake had sparked similar nationwide reconstruction work. He appeared exclusively on Bloomberg's "Insight with Haslinda Amin." (Source: Bloomberg)
Stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be parsing for clues about the outlook for interest rates amid elevated inflation and no sign of an end to the Middle East crisis. With the euphoria following Nvidia's blistering earnings report petering out, the attention is back on the economy as debate surrounds if or when the US central bank will tighten monetary policy
In a key clinical trial, patients who got the pill, daraxonrasib, lived twice as long as those who got chemotherapy
Stanley Druckenmiller, the billionaire investor who mentored US Treasury Secretary Scott Bessent in his early career as a hedge fund trader, suggested his former pupil is making a mistake by wading into the bond market
Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg's Scott Squires explains. (Source: Bloomberg)
Joining Bloomberg This Weekend, Former Canadian Finance Minister Chrystia Freeland says Canada was right to walk away from a trade deal she argues would have harmed both countries, urging Ottawa not to back down and saying past retaliation against US tariffs proved effective. Freeland warns hosts David Gura and Christina Ruffini that Trump’s approach risks turning allies into “vassals” as Canada prepares dollar-for-dollar counter-tariffs after the US imposed new 50% duties. (This conversation was edited to omit an incorrect statement about the titles of Canadian government officials.) (Source: Bloomberg)
DUBAI, Aug 20 (Reuters) - A threat by U.S. President Donald Trump to impose unprecedented economic warfare and isolation on Iran could have implications for countries that trade with it. Trump warned of economic consequences for any country that supports Iran. Here are some of Iran's main trading partners in recent years: CHINA China, the biggest buyer of Iranian oil, could face additional pressures from the U.S. over its purchases if Trump follows through on his promise