Bloomberg
Powell Says Fed Prepared to Raise Rates, Keep Them High
Federal Reserve Chair Jerome Powell delivers the keynote address at the Kansas City Fed's annual policy forum in Jackson Hole, Wyoming. Powell says the Fed is prepared to raise rates further if appropriate.
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American Air Pilots Approve Record Contract
American Airlines pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. Mary...
Bloomberg
Pension Funds Pour Billions Into Alternative Assets
As the hunt for yield continues in a rough investing environment, US pension funds are investing more in alternative assets including private equity, hedge funds and real estate. David Rubenstein explains for "Bloomberg Wealth with David...
Bloomberg
UK Wage Growth Accelerates in Tight Labor Market
UK wage growth rose at the strongest pace on record, with average pay excluding bonuses rising 7.8% in the three months through June compared with a year ago. Bloomberg's John Stepek breaks down the jobs report on "Bloomberg Markets Today."
Bloomberg
Credit Is Next Shoe to Drop: Guggenheim's Anne Walsh
Guggenheim Partners Investment Management CIO Anne Walsh says investors are trying to fight the Fed and warns that not worrying about the potential for a recession is a mistake during an interview with Alix Steel and Guy Johnson on...
Press Association
'Labour may be in for a shock': SNP Westminster calls out 'entitled' opposition
Stephen Flynn says Labour are acting like they have the upcoming Rutherglen and Hamilton West by-election 'in the bag' and they 'may well be in for a shock'. He was campaigning in the seat on Wednesday alongside the party’s candidate for...
Bloomberg
JPMorgan's Lebovitz Sees Clouds on Horizon for Stocks
"In the very near term there's probably more room for this market to run but we do see some clouds forming on the horizon and that will begin to weigh on risk asset performance later on this year," JPMorgan Asset Management Global Market...
Bloomberg
Robust Jobs Number
Cecilia Rouse, Former Council of Economic Advisers Chair weighs in on US wages which rose at a faster-than-expected clip and is consistent with strong labor demand.
Bloomberg
El-Erian Says US Can Accommodate 4% Wage Growth
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the US economy can persevere the wage growth seen in recent monthly payrolls reports. "We can accommodate this 4% wage growth, provided...
Bloomberg
Tech, Finance Rightsizing: Conference Board's Peterson
Dana Peterson, chief economist at the Conference Board, says what consumers see as a "white collar recession" is more about labor shortages versus not during an interview with Lisa Abramowicz on "Bloomberg Surveillance."
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Bloomberg
Do Central Banks Have a PMI Problem?
Do central banks have a PMI problem? That was Monday's question of the day posed to Kathy Entwistle, Morgan Stanley Managing Director, on "Bloomberg Markets: Americas" by Kailey Leinz and Dani Burger.
Press Association
Labour's Keir Mather takes Selby and Ainsty seat from the Tories
Labour's Keir Mather delivers an acceptance speech after being declared the winner of the Selby and Ainsty by-election
Press Association
Residents of Selby prepare for by-election
Shots of Selby and interviews with residents ahead of by-election on July 20.
In order: David Slater, Michael Rogers and David Simpson
Press Association
Selby and Ainsty by-election voters say they unsure on result
Voters in the North Yorkshire seat of Selby and Ainsty said they believe the result of this week’s by-election is on a knife-edge.
Tory Nigel Adams, who resigned last month, had a 20,000-plus majority but many former Tory voters...
Press Association
Full: Keir Starmer addresses Unite union Conference 2023
Keir Starmer addresses Unite Conference 2023, held in Brighton.
It follows rifts in the union over their ties to the Labour Party, in which Starmer has called for the union to get behind him in his drive for power.
Bloomberg
Sharif: Fed Could Skip September Rate Hike
Omair Sharif, Inflation Insights President and Founder, told Alix Steel and Guy Johnson the Federal Reserve may skip a rate hike in September. Sharif said this Wednesday morning on "Bloomberg Markets: Americas."
Bloomberg
What Did the Labor Market Teach Us This Week?
What did the labor market teach us this week? That was Friday's question of the day posed to Kate Bahn, Director of Research for WorkRise at the Urban Institute, by Alix Steel and Guy Johnson on "Bloomberg Markets: Americas."
Bloomberg
June Jobs Report Gives Fed Green Light for Rate Hike
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates this month and mull another hike as soon as September. Bloomberg Television guests provide instant...
Bloomberg
Labor Market Shows Signs of Strength
The US labor market showed fresh signs of resilience on Thursday, as private hiring surged, layoffs slowed and filings for unemployment benefits stayed relatively low. But the big number comes on Friday with the monthly jobs report....
Bloomberg
Why You Might Have to Pay More for Your Chocolate
You might have to pay more for your favorite confectionery going forward. Europe, the world's biggest consuming region of chocolate, and countries in West Africa, the leading growers of cocoa beans, are trying to make the sector...
Bloomberg
US Jobless Claims Unchanged as Continuing Claims Decline
Initial jobless claims held at 264,000 in the week ending June 17 after a slight upward revision to the previous week's figures, according to a Labor Department report. Mike McKee takes a look at the numbers and what they could mean for...
Bloomberg
Powell Says Majority of FOMC See Two More Hikes in 2023
Federal Reserve Chair Jerome Powell says returning US inflation to 2% is crucial to support the long-term health of the US economy during his semiannual monetary report to the the Senate Banking Committee.
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Recession Fears Starting to Abate: Dudley
Franklin Templeton Investment Strategist Katrina Dudley says indicators are pointing to a mild recession, particularly in the labor market. She also discusses why she's positive on the industrials sector, calling it the new technology...
Bloomberg
Boeing to Lift Output Rate on 737
Boeing plans to reach a monthly build rate of 42 aircraft on its bestselling 737 Max model before the end of the year. Stan Deal, the manufacturer's head of commercial operations, spoke to Bloomberg's Guy Johnson at the Paris Air Show.