Business
Treasuries Get Hit as Election Risks Come in Focus | What You Missed 07/01
The world’s biggest bond market got hit as traders weighed the potential economic implications of the November US election after last week’s presidential debate between Joe Biden and Donald Trump. While many traders say it’s probably too early to start positioning or reading too much into election headlines, Wall Street kept a watchful eye on news regarding the presidential race.
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Business
How AI Is Making Asia’s Richest Families Even Richer
The 20 wealthiest clans in Asia are now worth a collective $647 billion. Even as fears of an AI bubble grow, families behind …
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Business
Americans Crave Low-Cost Chinese EVs
Across social media, influencers are hawking Chinese car brands like BYD, Xiaomi and Zeekr with luxury features, state-of-the-art …
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Business
Why Is Elon Musk Taking SpaceX Public?
SpaceX confidentially filed what could wind up being the biggest-ever IPO. If investors value the company the way Elon Musk hopes they will, it would make Musk the world’s first trillionaire. This week on Everybody’s Business, Dana Hull joins Stacey Vanek Smith and Max Chafkin to explain why there is more reason than ever to be skeptical of Musk’s promises.
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Business
DOJ Drops Powell Probe, Smoothing Warsh Path to Fed
The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader.
US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next.
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