Economy
Sen. Kennedy rails against AI developers as ‘high IQ stupid people’
Sep 6 2026
The Louisiana Republican’s comments come as both Democrats and Republicans have been forced to find ways to address the backlash against data centers.Will Kevin Warsh Squander a Huge Opportunity?
Aug 27 2026
The new Fed chair will have the spotlight at the central bank’s high-profile conference in Jackson Hole. He should use it.Vance asks Mainers to vote Republican — as Trump ups the trade war with Canada
Aug 24 2026
Vice President JD Vance’s visit marked his second to Maine’s 2nd Congressional District in four months.Vice President JD Vance speaks during a visit to Brewer, Maine, on Monday, Aug. 24, 2026.
Morning Money
What we learned about Kevin Warsh
Sep 17 2026
Federal Reserve Chair Kevin Warsh put one thing to rest on Wednesday: He is not President Donald Trump’s sock puppet.The markets call the shots for the Fed
Sep 16 2026
Federal Reserve Chair Kevin Warsh will probably raise interest rates today, as investors overwhelmingly expect. What happens if he doesn’t?Crypto’s moment of truth
Sep 15 2026
A landmark effort to remake the architecture of American financial regulation to incorporate the cryptocurrency industry is poised for a dramatic showdown today on the Senate floor.Commence AI doom cycle
Sep 14 2026
AI leaders have quickly started saying it was time to slow the pace of the technology’s development.Crypto’s other conflict of interest problem
Sep 10 2026
It was a defining issue in Washington’s bygone cryptocurrency crackdown.Out of time on oil
Sep 9 2026
Six months into the war with Iran, Wall Street is wary that persistently high energy costs may soon push up prices across the economy.When Donald does Dallas
Sep 8 2026
Trump, Vance and Republican Party honchos will fly to Dallas this week for a convention intended to boost the party’s chances of holding Congress in the midterms.Bright lights and prediction markets
Sep 3 2026
A looming Supreme Court battle over financial regulation has the makings of a political prize fight.Business – South China Morning Post
Pets and personal touches: how China’s luxury hotel market is changing
Sep 17 2026
Chinese customers’ growing desire for personal expression and cultural experiences has raised the game in the country’s hospitality sector, creating opportunities for leading lifestyle hotel brands, according to a director at Hong Kong developer Hang Lung Properties. “An ideal hotel is the one that can redefine hospitality with personal touches,” said Herman Chui, the company’s senior director of office, hotel and residence, during a media briefing on Wednesday. “Guests can select a teapot to…Hong Kong property market gets reprieve on rates, but position remains precarious
Sep 17 2026
Hong Kong’s property market dodged an immediate hit from the Federal Reserve’s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market’s relatively fragile recovery, according to industry insiders. The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged. The decision should have no immediate impact on the local…Fed rate hike risks worsening China’s economic divide
Sep 17 2026
The US Federal Reserve raised interest rates for the first time in three years in an effort to quell inflation partly caused by the war on Iran helping to drive up fuel prices. Policymakers voted unanimously on Wednesday to lift rates by 25 basis points to between 3.75 and 4.00 per cent. Sixteen of 18 committee members also said that they anticipate another rate hike this year. The increase will help inflation make a “timelier return” to a 2 per cent target, according to a statement, as new Fed…Who’s in control of Japanese monetary policy? Tokyo or Washington?
Sep 17 2026
Before the unexpected intervention in Japan’s foreign exchange market by the US Treasury Department on July 31 – the first time both countries joined forces to support the yen via outright purchases since 1998 – the probability of the Bank of Japan raising interest rates at its policy meeting on September 17-18 was less than 30 per cent. Fast forward to today, and the chances of an increase have shot up to almost 100 per cent. In fact, expectations have shifted so dramatically that bond markets…How Hong Kong’s new 5-year plan courts global capital with an eye on market dominance
Sep 17 2026
Hong Kong is broadening its equity markets, deepening its offshore yuan business and expanding further into gold trading under its first five-year plan for economic and social development, as the city seeks to defend its standing as Asia’s top financial centre and close the gap with London. Unveiled on Wednesday by Chief Executive John Lee Ka-chiu alongside his 2026 policy address, the blueprint outlines a package of financial plans to “consolidate and enhance Hong Kong’s status as an…Huawei quickens AI chip pace, promises next entrant 3 quarters early
Sep 17 2026
Huawei Technologies said on Thursday that it would launch its next-generation artificial intelligence chip in the first quarter of 2027, moving the target launch forward by nine months as the firm aggressively expands its ecosystem amid China’s self-sufficiency push. David Wang Tao, rotating and acting chairman for Huawei, said on Thursday that the Ascend 960DT chip, an AI chip designed for model training, “with performance doubling”, would be “ready in the first quarter of 2027”, three quarters…Exchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan
Sep 17 2026
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, is considering increasing its exposure to gold and other precious metals as part of the government’s push to develop the city into a gold trading hub. Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Thursday that the Exchange Fund would continue to invest mainly in US dollar assets to support the Hong Kong dollar’s peg with the US currency. Yue said the Exchange Fund could increase its…Hong Kong to support rocket, satellite IPOs as SpaceX-led sector takes off
Sep 17 2026
Hong Kong aims to adjust listing rules to grab a share of initial public offerings by mainland China’s space companies, in line with Beijing’s priorities and heightened activity in the sector following the blockbuster June listing by Elon Musk’s SpaceX. That could lead to more head-to-head competition between the Hong Kong stock exchange and the Shanghai Stock Exchange, which is now drawing a majority of applications, including commercial space launch providers and reusable rocket makers CAS…Bloomberg Markets
Suspended Glencore Executive Told Radiant ‘Say Nothing on Email’
Sep 17 2026
A senior Glencore Plc executive last year urged counterparts at Radiant World not to communicate by email, according to WhatsApp messages from the company’s head of iron ore seen by Bloomberg News.Small Town America Confronts Data Centers, Rejects Some Plans
Sep 17 2026
Bloomberg’s Shruti Singh joins Scarlet Fu on “Bloomberg Real Yield.” Blackstone-owned QTS proposed a massive data center in Clinton, Iowa, that would bring thousands of construction jobs and provide nearly $200 million in property taxes in its first 10 years. Many residents though want nothing to do with the data center and view it as a potential source of noise pollution, environmental degradation and rising utility costs – rejecting what some fear will do more harm than good, even if that means sacrificing economic growth. (Source: Bloomberg)Braskem Creditors Shun Debt Plan, Push Owners to Inject Cash
Sep 17 2026
Braskem SA’s bondholders are balking at a restructuring proposal presented by the petrochemical giant, increasing pressure on Petrobras to commit fresh capital into the business, according to people familiar with the matter.Big Take: Why The Federal Reserve Raised Interest Rates
Sep 17 2026
For the first time in three years, the Fed voted to raise interest rates. On the latest Big Take podcast: the economic forces behind the move. (Source: Bloomberg)Generac Surges 18% on $8 Billion Amazon Data Center Deal | Closing Bell
Sep 17 2026
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Lisa Mateo, and Alexis Christoforous. (Source: Bloomberg)Munis Are Near Cheapest Levels in a Year
Sep 17 2026
Bloomberg’s Aashna Shah joins Scarlet Fu on “Bloomberg Real Yield.” US state and local government bonds are near their cheapest levels relative to Treasuries in a year as heavy issuance and fading demand collide with a broader fixed-income selloff. (Source: Bloomberg)Loan Dispersion Near An All-Time High: Sinjin Bowron
Sep 17 2026
Sinjin Bowron, head of performing credit at Beach Point Capital Management, joins Scarlet Fu on “Bloomberg Real Yield.” They discuss the leveraged loan market after the Fed raises rates this week. (Source: Bloomberg)Leveraged Loan Maturity Wall Is Coming in 2028: Michael Best
Sep 17 2026
Michael Best, high-yield portfolio manager at Barings, and Sinjin Bowron, head of performing credit at Beach Point Capital Management, join Scarlet Fu on “Bloomberg Real Yield.” (Source: Bloomberg)Bloomberg Technology
UN Must Unlock Its Doors to AI Industry: UNGA President
Sep 17 2026
United Nations General Assembly president Khalilur Rahman speaks with Bloomberg’s Romaine Bostick. This week United Nations Secretary General said nations must coordinate global efforts to regulate AI, echoing calls for closer monitoring of the technology after warnings from leaders of the world’s top firms. The comments come days before world leaders descend on New York for the UNGA’s annual high-level week. (Source: Bloomberg)will.i.am on Personal AI Agents, Fundraising Efforts
Sep 17 2026
Grammy-Award winning artist will.i.am sits down with Bloomberg’s Romaine Bostick from Dreamforce to discuss his efforts to develop personal AI agents for college students, and the fundraising efforts around his company, FYI.AI (Source: Bloomberg)Palantir CEO Says AI Firms Responsible for Their Own Actions
Sep 17 2026
Palantir Technologies Inc. Chief Executive Officer Alex Karp said developers of artificial-intelligence systems need to be held liable for their own work as opposed to depending on government regulation.SpaceX May Buy Data From Failed Startups for AI Models
Sep 17 2026
Elon Musk’s SpaceX has held internal discussions about buying customer and operational information from troubled or defunct startups, according to people familiar with the matter. That data could help improve its artificial intelligence models. Ed Ludlow reports. (Source: Bloomberg)Four Big Deals That Reveal the State of Podcasting
Sep 17 2026
New ventures involving ‘Giggly Squad,’ NPR, Steven Bartlett and Serial Productions have set the podcasting world atwitterAnthropic’s Warning of Existential Risk Hijacks Larger AI Debate
Sep 17 2026
Some experts worry that heated rhetoric makes it hard to hold companies accountable, and sets back attempts to deal with environmental impact and job loss