US court rejects Trump’s emergency order keeping Michigan coal plant open
The ruling says the Energy Department exceeded its authority by extending the plant’s operation.
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The ruling says the Energy Department exceeded its authority by extending the plant’s operation.
Max Kettner, chief multi-asset strategist at HSBC Bank, points to US growth and exceptionalism as he makes the case for higher US yields. Kettner says, “at the end of the day, this is fundamentals, this is not about what Scott Bessent wants.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
The losers of the US-Canada trade war
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Patrick Thomson, JPMorgan Asset Management EMEA CEO; Adam Posen, Peterson Institute for International Economics President; José Manuel Albares, Spanish Foreign Minister (Source: Bloomberg)
Apollo Asset Management co-President Scott Kleinman discusses the US economy, the rising cost of capital and why he sees valuation issues for legacy portfolio companies impacting returns. He speaks with Bloomberg's Guy Johnson from the sidelines of the IPEM conference in Paris. (Source: Bloomberg)
Former US Trade Representative Susan Schwab says shared geography and deep economic ties will keep the U.S. and Canada aligned despite upcoming political friction. She notes that joint cooperation on critical minerals and a unified front against Chinese competition are essential to protect North American industry. (Source: Bloomberg)
Bombardier defends its US presence, stating its planes already feature components made in Texas and California.
When China’s trade with Latin America reached a record US$518.4 billion in 2024, it marked a fundamental shift in hemispheric economics. Beijing is now the largest bilateral creditor and second largest trading partner of Latin America and the Caribbean, with President Xi Jinping pledging a new credit line of 66 billion yuan (US$9.2 billion) at the 2025 China-Celac (Community of Latin American and Caribbean States) forum. Chinese investment has evolved from extractive industries towards clean...
Fidelity is opening a new 735,000-square-foot headquarters in Boston, complete with harbor views, a private bar and an in-office concierge. The move comes as the investment giant ends hybrid work for its Boston employees, requiring them to come into the office five days a week. Greg Ryan reports. (Source: Bloomberg)
New York, Sept. 1 (Jiji Press)--U.S. Treasury Secretary Scott Bessent spent over two hours talking about his frustration with economic policies under the administration of Japanese Prime Minister Sanae Takaichi, during a dinner in May with his Japanese counterpart in Tokyo, The New York Times has reported. At the event with Japanese Finance Minister Satsuki Katayama on May 11, Bessent quest...
Asheville, North Carolina, Sept. 1 (Jiji Press)--U.S. Treasury Secretary Scott Bessent said Tuesday that he has called on Japan to end its reflationary policy, such as its massive monetary easing aimed at pulling the country out of deflation. While referring to "a tremendous success in Abenomics," or the late former Prime Minister Shinzo Abe's reflationary policy mix featuring monetary easi...
Asheville, North Carolina, Sept. 1 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies called for the elimination of nonmarket policies that fuel global imbalances, according to a chair's statement published after their meeting closed Tuesday. "We agree that countries should take steps to eliminate nonmarket policies and practices that exacerbate imb...