Business
Evergrande Resumes Trading After Posting $4.5B Loss
China Evergrande Group ends a 17-month halt, after the world’s most-indebted developer unveiled a $4.5 billion loss in the first half. Kevin Kingsbury reports on Bloomberg Television.
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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?
At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
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Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.
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President Donald Trump signed a directive renaming Lake Ontario as Lake America effective immediately. “Canada has been ripping us off for a long time on trade,” Trump told reporters in the Oval Office when asked what message he was sending to the US’s northern neighbor.
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The US extended a 10% tariff baseline hitting most major trading partners, prompting pushback from countries around the world. #trump #politics #news #usa
The US Trade Representative’s office laid out how it will collect duties of 10% to 12.5% on imports from almost 60 countries and the European Union, effective Friday.
The rationale was that the targeted economies failed to prevent forced labor in their supply chains, according to the US Trade Representative’s office.
Read more: https://www.bloomberg.com/news/articles/2026-07-24/trump-extends-10-tariff-baseline-in-broad-use-of-trade-powers
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@riad1902
December 21, 2023 at 12:55 pm
That thing did go to the moon
00:00
@user-by6ul7di4b
December 21, 2023 at 12:55 pm
I want to buy stocks in evergrande, I bet China wont pay back its debt, why would you pay back when u going to war. War will come in next 2 to 3 years, The timeline has sped up, its do now or miss chance as economy and every thing is China going downhill, also need a distraction to focus energy on bad guy which China will choose USA to blame blame blame.
@spacewalktraveller1
December 21, 2023 at 12:55 pm
Just another corrupt Chinese's company that went under. One of my rules in trading, never buy a Chinese Stock, as they are always corrupt companies. The funny thing is, as I was writing this, I got a scam Chinese phone call. The world was such a better place when China was closed off the the rest of the world.
@lemontadams3029
December 21, 2023 at 12:55 pm
Many wealthy families collect multiple properties via inheritance, as second (vacation) homes or as long-term rentals. This hoarding is (as I explained) the only possible result of policies that asymmetrically distribute credit, and thus income and capital gains, to the already-wealthy rather than to the not-yet-wealthy. This policy-driven hoarding / concentration of housing in the top 10% is one factor driving rents higher due to artificial scarcity–a scarcity created by central bank and government policies, not the "market."
@Generaallucas
December 21, 2023 at 12:55 pm
Mr Winnie the Pooh I don't feel so good
@ArabicReja973
December 21, 2023 at 12:55 pm
Here are shocking numbers about China's 🇨🇳 real estate sector:
– Evergrande's $340 billion debt is more than the GDP of Vietnam.
– Empty apartments, mostly unfinished, are sufficient to house the population of Germany.
– The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of about 40 countries in the world.
@lastChang
December 21, 2023 at 12:55 pm
Who would be in their right mind to buy stocks of the world's most indebted-property company based in China, after all the drama.
@seanyun9484
December 21, 2023 at 12:55 pm
LAST MACRO ECONOMIC GIFT!!!!!!!!!!!!!:) —— > DO THE MATH!!!!!!!!!!!!!!!!:) —— > AS I'VE SAID MANY TIMES ALREADY THAT WE WILL SEE US 10YR YIELD IS GETTING HIGER INTO THE RANGE OF +4.75% – +4.85% IN SEP MEANS — > JAPAN JGB 10YR WILL BE IN +0.7% RANGE FROM +0.6% NOW — > THE SPREAD BETWEEN CHINA 10YR VS US 10YR WILL BE MUCH WIDER INTO (-)175BP+/- FROM 165BP NOW!!!!!!!!!!!!!!!!!!!!!!:)
@seanyun9484
December 21, 2023 at 12:55 pm
ANNOUNCEMENT!!!!!!!!!!!!:) AS THEY WISH THAT I AM LEAVING BLOOMBERG FOR 'X' (= FORMER TWITTER) AND I WILL MUCH MORE FREELY WRITE ABOUT MACRO ECONOMIC VIEWS THERE!!!!!!!!!!!!!!:) BYE BYE BLOOMBERG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) P.S I HOPE THAT SOMEDAY THEY STOP CENSORING AND DELETING COMMENTS!!!!!!!!!!!!!!!!!!!!!!!!!!:)
@andrewvare3173
December 21, 2023 at 12:55 pm
Delist.
@andrewvare3173
December 21, 2023 at 12:55 pm
Uninvestable for the next 18 months
@evelynramos445
December 21, 2023 at 12:55 pm
Would be required lying in other words for pretending to first timers?
@lovekdi
December 21, 2023 at 12:55 pm
Just keep broadcasting China crisis fake news!! China's deleveraging is showing results
@bdubb5390
December 21, 2023 at 12:55 pm
Manipulation. Smh