Business News

Youth Unemployment Is Down, But So Is Labor Force…

About 60 percent of people ages 16-24 were either working or looking for work in July of this year.

Trump ready to ease rules on coal-fired power…

The Trump administration is set to roll back the centerpiece of President Barack Obama's efforts to slow global warming

Asia Central Banks Not Done Tightening Completely…

Aug.20 -- Richard Jerram, chief economist at Bank of Singapore, talks about central bank polices in the U.S. and in emerging markets. He speaks with Yvonne Man and Ramy Inocencio on "Bloomberg Daybreak: Asia."

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Frustration rules as Venezuela unveils new…

Venezuelans are bracing for dramatic economic measures the government has announced, including a more-than 3,000 percent hike in the minimum wage

Australia's Turnbull Survives Leadership Vote

Aug.20 -- Australia’s Prime Minister Malcolm Turnbull survived a leadership vote as he faced down critics within his own party dismayed by the government’s slumping poll ratings. Bloomberg's Haidi Stroud-Watts reports on "Bloomberg Daybreak: Australia."

Business Highlights

Business Highlights

What Investors Want to Hear From Powell at…

Aug.20 -- Jason Brady, Thornburg Investment Management president and chief executive officer, discusses the outlook for Federal Reserve monetary policy with Bloomberg's Ramy Inocencio and Yvonne Man on "Bloomberg Daybreak: Asia."

How major US stock indexes fared Monday

U.S. stocks closed broadly higher Monday as retailers and other consumer-focused companies posted solid gains

Trump May Create Problem for Powell, TS Lombard's…

Aug.20 -- President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman and lamented to Republican donors at a fundraiser his nominee instead had raised interest rates, according to three people present. Steve Blitz, chief U.S. economist at TS Lombard, weighs in on "Bloomberg Daybreak: Australia."

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Retailers, airlines lift US stocks higher…

Retailers and airlines helped lift U.S. stocks broadly higher Monday, extending the market's gains from last week

Economists Warn Trump's Tariffs Are Unfavorable…

Aug.20 -- A survey of business economists showed that 91 percent of respondents said that President Donald Trump's tariffs were having "unfavorable consequential impacts" on the U.S. economy. Bloomberg's Matt Boesler reports on "Bloomberg Markets."

Report: Experts knew Genoa bridge had weakened 20…

Experts determined last February that corrosion of the metal cables encased in pressed concrete had reduced by 20 percent the strength of the highway bridge that collapsed last week

Thailand’s Economy Grows More Than Forecast

Aug.20 -- Thailand’s economy grew more than forecast in the second quarter, underpinned by solid export and investment gains. Gross domestic product rose 4.6 percent from a year ago, the National Economic and Social Development Board said. Bloomberg's Michelle Jamrisko reports on "Bloomberg Markets: Asia."

Markets Right Now: Retailers lead gains for US stock indexes

Stocks are closing broadly higher on Wall Street as retailers and other consumer-focused companies post solid gains.

Still Quite Positive on Thai Baht, Mizuho's Chang…

Aug.19 -- Wei Liang Chang, a foreign-exchange strategist at Mizuho Bank, talks about economies, monetary policies and currencies of Thailand and Indonesia. He speaks with Haidi Lun on "Bloomberg Markets: Asia."

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Silicon Valley vet to head women's advocacy group Catalyst

Catalyst taps Silicon Valley veteran as new CEO in the #MeToo era

China Is Said to Start New Round of Checks on P2P…

Aug.19 -- China has started a new round of checks on thousands of peer-to-peer lending sites, according to a document obtained by Bloomberg News, as authorities continue their efforts to clean up the industry. Bloomberg's Sam Mamudi reports on "Bloomberg Markets: Asia."