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Harris Casts Herself as Pro-Labor 'Capitalist' in Economic Pitch

Vice President Kamala Harris vowed to be an ally to both corporate executives and the employees who work for them, as the Democratic presidential nominee outlined her vision for an "opportunity economy" that funds new industry investments and builds ...

bloomberg.com — 59 days ago

Powell Emerges Stronger After Leading Fed to Big Rate Cut

One week before Federal Reserve officials gathered in Washington this month, they were split over how fast to lower interest rates.

bloomberg.com — 59 days ago

AOC Calls for New York Mayor Adams to Resign Amid Investigations

Alexandria Ocasio-Cortez, one of the highest-profile lawmakers in the New York congressional delegation, called on New York City mayor Eric Adams to step down, citing the metastasizing cloud of investigations engulfing his administration.

bloomberg.com — 59 days ago

Fed's Kugler Says She 'Strongly Supported' Half-Point Rate Cut

Federal Reserve Governor Adriana Kugler said she "strongly supported" the central bank's decision to lower borrowing costs by a half point last week, adding it will be appropriate to make additional rate cuts if inflation continues to ease as ...

bloomberg.com — 59 days ago

Micron Gives Strong Forecast After AI Helps Fuel Memory Demand

Micron Technology Inc., the largest US maker of computer memory chips, gave a surprisingly strong revenue prediction for the current period, helped by demand for artificial intelligence gear.

bloomberg.com — 59 days ago

Trudeau Survives Attempt to Force Snap Election by Poilievre

Prime Minister Justin Trudeau's main political opponent tried to force a snap election on Wednesday, but the effort failed due to a lack of support from the other opposition parties in Parliament.

bloomberg.com — 59 days ago

OpenAI CTO Mira Murati Says She Will Leave the Company

OpenAI Chief Technology Officer Mira Murati said she will leave the company in a post on X on Wednesday.

bloomberg.com — 59 days ago

NJ Transit, Amtrak Trains Delayed After Derailment Near NYC

New Jersey Transit and Amtrak trains are facing massive delays after a derailment just south of New York Penn Station has blocked the tracks in and out of the city.

bloomberg.com — 59 days ago

Ecuador Fires Threaten Rich Neighborhoods, Force President Home

Wealthy neighborhoods in Quito remain under threat of flames and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador's capital.

bloomberg.com — 59 days ago

Colombia and Panama Plan a Legal Jungle Route for Migrants to US

Colombia and Panama will seek to build a single, organized route through the jungle that hundreds of thousands of migrants cross as they attempt to reach the US, according to Colombian President Gustavo Petro.

bloomberg.com — 59 days ago

Fed Rate Cut Paves the Way for Banks to Exit Emergency Facility

Banks that borrowed from a Federal Reserve emergency lending facility crafted after the collapse of Silicon Valley Bank might start repaying their loans at a faster pace, draining liquidity from the financial system.

bloomberg.com — 59 days ago

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