Business
Key US Inflation Measures Rise as Jobless Claims Decline
BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on “Bloomberg Surveillance.”
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Fatima Dangote, Dangote Group executive director of commercial operations for oil and gas, tells Bloomberg Television the company forecasts revenue to jump to $100 billion by 2030. Speaking in an exclusive interview with Bloomberg’s Jennifer Zabasajja, Aliko Dangote’s daughter says the growth is going to come mainly from the company’s “refinery, fertilizer and cement” businesses.
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Student protests in France are exposing a deeper crisis in the European Union’s second-largest economy, which is caught between political anger, mounting debt and nervous bond markets.
What the Student Protests Mean for France: It’s Not May ’68, Yet: https://bloom.bg/3VNcEbi
Lousy school conditions are the focus of the unrest, but untenable budget deficits and the soaring cost of borrowing are making solutions harder to find.
#France #Debt #Protests
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Former Canadian Deputy Prime Minister Chrystia Freeland tells Bloomberg This Weekend that Canada and other democracies must become less reliant on the US while remaining open to rebuilding the Western alliance. Speaking with hosts David Gura and Christina Ruffini, Freeland discusses Alberta’s separatist movement, President Donald Trump’s approach to Russia and Ukraine, and lessons from her negotiations with the US that inform her new book, Unreliable Boyfriend.
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“It was an inartful way to say something.”
JPMorgan’s Jamie Dimon addresses the backlash over Standard Chartered CEO Bill Winters’ remarks on AI replacing “lower-value human capital,” saying that AI will affect all jobs.
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Elon Musk reveals a new prototype of its Roadster sports car at a SpaceX facility in Texas. The car can launch into the air thanks to air thrusters. Musk showed off this capability at the event. It won’t go into production until 2028. Musk says this shows what can happen when his companies work together. Bloomberg’s Craig Trudell reports.
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@busterround8870
December 11, 2023 at 7:25 am
Also hey! Just look at consumer goods prices!!!
@johnalver
December 11, 2023 at 7:25 am
People come to the US for jobs jobs that are paid for by money that is printed up. . . . It's an odd concentration of people. . . Very much a modern phenomenon. . . Moving to a place for a job 🤔
@tm7517
December 11, 2023 at 7:25 am
This title is wrong. I listened to another inflation report which was just straight up what the fed said.
Inflation was 3% for the 12 months through June that was the smallest annual gain since march 2021. And what the fed call core inflation they excludes food and energy was 4.1% which is the lowest since sept 2021.
No wonder the host didn’t make sense he giving bad information about inflation. Inflation didn’t rise. Again according to the fed.
@tm7517
December 11, 2023 at 7:25 am
That information meant nothing to me. I have no idea. What two tenths means in terms of its significance. What inflation numbers they are using. They said 4.2%, but then 3.3%, then 3%, then says two tenths. Then it was what’s the market doing. These mfers are wish casting market trends based on that data. But ok.
@Shining237
December 11, 2023 at 7:25 am
Ineffective economic sanctions imposed on Russia caused much of this inflation. The war severely interrupted global trading forcing Nations to realign with different trading partners.
@joealonzo536
December 11, 2023 at 7:25 am
You are paying more than double for your gasoline since Joe🌜Biden became president; check the price of your food is more than double some places the price of food has triple, check your electric bill is double, check your natural gas bill is now double. In addition, you are paying double for your property taxes. Selling weapons to kill people in Ukraine and setting up wars anywhere else in the world is making the owner of the War Industry Complex richer, but the lower middle class, the worker are in the deep smelly thing, getting poor, broke by the day. “Every Billion dollars the🌛Biden administration gives away to Ukraine or Taiwan is making you poor and broke”
@ericeandco
December 11, 2023 at 7:25 am
That’s a lie. All it means is people gave up, fell off the list for a number of reasons, took an underemployment situation or just didn’t bother with unemployment.
@gmil2573
December 11, 2023 at 7:25 am
It is critically important that US popular press continue this narrative and ignore the deep deflationary recession enveloping the world. Fake it until we make it :).
@davidngan3391
December 11, 2023 at 7:25 am
inflation is up over 100% in the last 15 years lol
@justbeinghumanswaiin1345
December 11, 2023 at 7:25 am
People are working and the cost of living is SKYROCKETING