Bloomberg
Airlines Warn About Impact of Higher Jet Fuel Costs
Three US carriers warned about an unexpected surge this quarter in the price of jet fuel, one of the industry's highest expenses, adding to lingering concerns about demand in domestic markets, lower fares and rising labor costs....
Bloomberg
UBS Seeing Inflows Across Platforms, CEO Ermotti Says
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's strategy and its integration of Credit Suisse. The Swiss lender posted the biggest-ever quarterly profit for a bank in the second quarter as a result of the merger....
Bloomberg
UBS to Cut 3,000 Jobs in Credit Suisse Integration
UBS Chief Executive Officer Sergio Ermotti says, "we will have around 3,000 jobs that will be made redundant over the next years," as he discusses job cuts that will stem from the integration of Credit Suisse's Swiss unit. He speaks with...
Bloomberg
US Court Paves Way For First Bitcoin ETF
Dave Nadig, Vettafi Financial Futurist discusses the process to approve the first Bitcoin ETF. He speaks with Katie Greifeld and Romaine Bostick on Bloomberg Markets: The Close.
Bloomberg
Dollar General Shares Down After Forecast Cut
Dollar General Corp., already on track for its first annual share decline, plunged again after slashing its profit forecast for the second straight quarter. Simone Foxman has more on "Bloomberg The Open."
Follow Bloomberg for business...
Bloomberg
China Travel Rebound Helps Top Carrier Trim Losses
China's three largest airline companies reported significantly narrower losses for the first half of 2023 as Beijing's lifting of Covid restrictions late last year unleashed pent-up demand for domestic travel. Bloomberg's Danny Lee...
Bloomberg
ICRA: India's FY2024 GDP Growth At 6%
ICRA Chief Economist, Head of Research & Outreach Aditi Nayar estimates India's FY2024 economic growth at 6 percent, lower than the central bank's projection of 6.5 percent. She speaks with Menaka Doshi, Haslinda Amin and Rishaad Salamat...
Bloomberg
US GDP Rises by a Revised 2.1% in Second Quarter
US gross domestic product rose at a downwardly revised 2.1% annualized pace in the second quarter. Meanwhile, household spending was revised higher, to a 1.7% pace. Bloomberg's Michael McKee reports on "Bloomberg Surveillance."
Follow...
Bloomberg
Peloton's Problems With Seat Posts Lead to Weak Results
A seat post product recall for Peloton was more expensive than first thought. Bloomberg's Ed Ludlow reports.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:...
Bloomberg
Diokno: Confident Philippines Can Cut Rate in 1Q 2024
Philippines Finance Secretary Benjamin Diokno discusses central bank policy, the potential for a rate cut, and his outlook for Philippine growth. He speaks exclusively on Bloomberg Television.
Bloomberg
Nvidia Earnings: What to Watch for
Nvidia Corp., the chipmaker which has added more than $370 billion in market value since its last update, is reporting results after the bell Wednesday that could set the tone for global stock markets for the rest of the year. Bloomberg...
Bloomberg
China's Services Sector Emerges as Bright Spot
The services sector in China is emerging as a rare bright spot as consumers continue to spend lavishly on food and travel. John Cheng reports on Bloomberg Television.
Bloomberg
Higher Theft, Cost Cutting Drive Dick's Shares Lower
Shares of Dick's Sporting Goods sank after cutting its profit outlook for the full year as the retailer deals with slowing growth and more theft at its stores. Simone Foxman has more on "Bloomberg Markets."
Follow Bloomberg for business...
Bloomberg
SoftBank's Semiconductor Unit Arm Files for IPO
SoftBank Group's semiconductor unit Arm filed for what is set to be the year's largest US initial public offering, disclosing key details of its finances and giving struggling equities markets their biggest lift in almost two years. Sri...
Bloomberg
Shwab Will Cut Staff, Close Offices to Save $500 Million a Year
Charles Schwab Corp. aims to save at least $500 million in annual costs by cutting jobs and closing or downsizing some corporate offices. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Citi Weighs Split of Institutional Clients Group: FT
Citigroup Inc. Chief Executive Officer Jane Fraser is reportedly mulling a plan to break up the company's Institutional Clients Group, which made nearly three-quarters of the bank's profit last year, into three segments. Tom Metcalf...
Bloomberg
Ascend by Cirium on Asia travel outlook
Joanna Lu, Head of Asia Consultancy at Ascend by Cirium, discusses how China's decision to lift a ban of group tours to countries ncluding Japan, South Korea and the US may affect the travel sector. She speaks with Shery Ahn and Paul...
Bloomberg
China Tech Recovery Still Uncertain: Earnings Week Ahead
NetEase and Baidu also announce results this week, hot on the heels of Tencent's revenue miss that was seen as a bad omen for the tech industry. Felix Tam reports on Bloomberg Television.
Bloomberg
Top Calls: Deere Boosts Outlook for the Year
Kristen Owen, Oppenheimer Executive Director for Equity Research, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.
Bloomberg
Markets in 3 Minutes: BOJ Likely to Change Policy Again in 2023
Mark Cudmore and Anna Edwards break down today's key themes for analysts and investors on "Bloomberg Markets Today." For up to the minute market intelligence and insight, click MLIV .
Bloomberg
US Treasuries Are 'Still Safe,' HSBC's Major Says
Steven Major, global head of fixed-income research at HSBC, shares his views on Chinese government bonds, US Treasuries and central banks' policies. He speaks with David Ingles on "Bloomberg Markets: China Open."
Bloomberg
Tianfeng Securities' Kong on Tencent Earnings Preview
Tianfeng Securities' Head of Global Tech Research Karin Kong previews Tencent's 2Q earning results. She speaks with David Ingles on "Bloomberg Markets: China Open".
Bloomberg
Crossmark's Doll Says Some Cash in Portfolio 'Not a Stupid Idea'
Crossmark Global Investments CIO Bob Doll says investors should increase their allocation of cash and some bonds as Federal Reserve interest rate cuts loom. "I think having some cash in your portfolio with yields (at) 5%, it's not a...
Bloomberg
Orsted Earnings Fall, Missing Estimates, on Weak Wind Speeds
Orsted Chief Executive Officer Mads Nipper discusses the company's earnings report with Tom Mackenzie on "Bloomberg Markets: Today."